Employee Ownership, The Best Kept Secret in Economic Development

As an entire generation of Baby Boomer business owners look towards retirement, a group of partners has launched a valuable new resource: the North Carolina Employee Ownership Center (NCEOC). The NCEOC provides education around Employee Stock Ownership Plans (ESOPs), worker cooperatives, and Employee Ownership Trusts (EOTs) as strong exit options that also preserve jobs and community impacts.…

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Under New Ownership EVS Converts to a Worker Owned Cooperative

May 16th, 2016 looked like any normal busy Monday at Electric Violin Shop. Our small staff worked in concert to address email inquiries and ship e-commerce orders taken over the weekend in between answering the usual barrage of customer phone calls. This group of employees has the day-to-day of running our small company, which does a global business,…

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History of NCEOC

The North Carolina Employee Ownership Center officially incorporated in May 2019. Its founding board is comprised of leaders who have spent the past several years promoting employee ownership in North Carolina. As far back as 2014, The National Center for Employee Ownership (NCEO) began promoting the development of state employee ownership centers throughout the country.…

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North Carolina Employee Ownership Center Partners with City of Durham on Legacy Business Preservation Program

Durham, NC – May 7, 2020 – The North Carolina Employee Ownership Center (NCEOC) is partnering with the City of Durham on a project to protect Durham-based minority-owned legacy businesses. The NCEOC provides education and assistance around Employee Stock Ownership Plans (ESOPs), worker cooperatives, and Employee Ownership Trusts (EOTs) as strong business exit options that…

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North Carolina Employee Ownership Center Launches

New Resource To Help Baby Boomer-Owned Businesses With Succession Planning Durham, NC – September 10, 2019 – As an entire generation of Baby Boomer business owners look towards retirement, a group of partners has launched a valuable new resource: the North Carolina Employee Ownership Center (NCEOC). The NCEOC provides education around Employee Stock Ownership Plans…

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DoubleRadius Announces 100% Employee-Ownership Plan

It’s the evening of Dec. 12th, 2017, and all of our staff are gathered for a special dinner, with a rather mysterious announcement looming in the air… As we all sit at our tables, eager to learn the news, a brief introduction is made by one of our founders. Then a slide presentation begins to play. As we…

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ButcherJoseph & Co. Advises Mann Media Inc. on Sale to Employees

ButcherJoseph & Co. served as the exclusive financial advisor to Mann Media Inc., doing business as Our State magazine, on its sale to The Mann Media Inc. Employee Stock Ownership Plan (“ESOP”). Headquartered in Greensboro, NC, Our State is a monthly publication featuring travel and history articles and photographs about North Carolina people, places and events. The transaction officially closed February…

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