Bret Keisling shares an episode of the Owner to Owner podcast. O2O host Jesse Tyler is joined by Steve Storkan of EOX, Matt Cropp of the Vermont Employee Ownership Center, and Michael Palmieri of the Ohio Employee Ownership Center for a wide-ranging conversation about the work of state centers around the US. Each describes what their organization does, and what drives them personally to work to grow employee ownerships.
They discuss what each organization has in common: outreach, education, and advocacy, and they all discuss what sets the groups apart. They discuss what it will take to grow employee ownership, and why it's so important to their societal views that EO thrives.
Episode 225 Show Notes
About Steve Storkan
Steve Storkan has been involved with employee stock ownership plans for over 25 years, most recently as the Director of ESOP Administration for Alerus Retirement and Benefits where he worked closely with businesses in the creation of an ESOP and the technical administration and compliance required in subsequent years. Steve spent 11 years as a member of the Board of Directors of the Minnesota-Dakotas Chapter of the ESOP Association where also served as Chapter President and VP of Government Relations. Steve holds a Certified Financial Planner (CFP®) designation from the University of Minnesota State Mankato.
The Employee Ownership Expansion Network (EOX) is a community of businesspeople who have seen the transformative power of employee ownership - for businesses, communities and individuals - first hand. The members of their board jointly have over 160 years of business experience, including over 100 years leading employee-owned firms. Those companies have a combined total of nearly 1,200 employee-owners with holdings over $100 million.
About Matt Cropp
Matt Cropp has been with the Vermont Employee Ownership Center since 2014, where he has developed deep expertise in employee ownership models. In addition to his leadership role, he is responsible for managing social media, event planning and promotion, coordinating with a national network of employee ownership practitioners and a variety of other activities advancing the VEOC's mission. Matt received his MA in History from UVM in 2011, where he studied economic history and the origins of cooperative finance, and he's involved on a volunteer basis with a number of co-op projects both locally and nationally. He lives in the New North End of Burlington with his partner and a pair of very friendly rabbits
The Vermont Employee Ownership Center is a statewide non-profit whose mission is to promote and foster employee ownership in order to broaden capital ownership, deepen employee participation, retain jobs, increase living standards for working families, and stabilize communities.
They provide information and resources to owners interested in selling their business to their employees, employee groups interested in purchasing a business, and entrepreneurs who wish to start up a company with broadly shared ownership.
They are funded through government and foundation grants, and contributions from individuals and businesses. The VEOC is a tax-exempt non-profit educational organization. We are always grateful for contributions and in-kind donations.
About Michael Palmieri
After relocating from New Jersey to Ohio, Michael Palmieri started working at the OEOC in 2019. Currently, he is a PhD candidate at Kent State's Political Science Department where he studies American Politics and Public Policy and is currently working on his dissertation tentatively titled, "The Politics of Employee Ownership: Organizational & Individual level dynamics".
At the OEOC he helps conduct research that overlaps with his graduate work which focuses on the ways employee-ownership can be used as a local economic development strategy to create individual and community wealth and lessen economic and political inequality. Lately this includes producing estimates of the economic impact of baby-boomer retirements on local communities, as well as the role networks of nonprofits play in helping develop employee-owned businesses. His most recent work can be found in the 2019 Owners At Work Newsletter, FiftybyFifty, and the IEDC Economic Development Journal.
Michael also helps manage and develop the OEOC's year-round education and training programs and oversees the technical operations of the center including the website. In addition, he produces and edits OEOC's new podcast Owners at Work, which he co-hosts with Chris Cooper and manages student interns at the center.
The Ohio Employee Ownership Center, a non-profit outreach center of Kent State University, supports the development of business across Ohio and around the world by its efforts that are proven to save jobs, create wealth, and grow the economy. The OEOC’s work rests on a simple philosophy: broader ownership of productive assets is a good thing for employees, communities, and our country.
The OEOC provides technical assistance, training, & outreach to the business community in 4 major areas:
To business owners looking to exit their business.
To owners interested in selling their business to their employees.
To employee groups, local governments, and community groups seeking to avoid business shutdowns and job loss in their communities.
To existing employee-owned companies, designed to help them be better employee-owned companies.
We'd love to hear from you! To contact us, find us on Facebook at EO Podcast Network and on Twitter @ESOPPodcast. To reach Bret, with one "T", email Bret@KEISOP.com, on LinkedIn at Bret Keisling, and most actively on Twitter at @EO_Bret. This podcast has been produced by Bret Keisling for the EO Podcast Network, original music composed by Max Keisling, branding and marketing by BitsyPlus Design.
Standard Disclaimer: The views expressed herein are my own and don't represent those of my own firms or the organizations to which I belong. Nothing in the podcast should be construed as guidance or advice of any kind in any field and the fact that I mentioned an organizational website or an advocate or a company on a podcast does not reflect an endorsement, but if you've heard your name or your group's name mentioned on this podcast, I'd love to have you come on and talk about it yourself.