The National Center for Employee Ownership (NCEO) and the Employee Ownership Expansion Network (EOX) recently announced that the two organizations have come together to create a formal collaboration called the NCEOX Initiative, to "make employee ownership bigger." NCEO and EOX are launching this new partnership because they share a common core belief: that employee ownership is good for communities, workers, and businesses alike, and we need more of it.
Arlington, Va., May 30, 2023 /PRNewswire-PRWeb/ -- The National Center for Employee Ownership (NCEO) and the Employee Ownership Expansion Network (EOX) recently announced that the two organizations have come together to create a formal collaboration called the NCEOX Initiative, to "make employee ownership bigger." NCEO has been a key partner in the success of EOX from the beginning and both organizations are excited to continue that collaboration even more closely.
The NCEO and the EOX are launching this new partnership because they share a common core belief: that employee ownership is good for communities, workers, and businesses alike, and we need more of it. Employee ownership improves the lives of workers regardless of their socioeconomic status and gives them an equity stake in the companies where they work while rooting businesses in communities.
The EOX is rooted in the simple idea that people need to hear more about employee ownership, and the best way to do that is through a local presence. The 13 State Centers for Employee Ownership that EOX has helped launch since 2019 have reached thousands of community leaders, bankers, economic development agencies, business advisors, journalists, university faculty, and legislators. State Centers now cover more than 70% of the U.S. population. Data shows that states with State Centers outperform the national average in creation of new employee-owned companies.
"The NCEOX Initiative has the potential to significantly increase the number of employee-owners nationally – which we know in turn helps to reduce income and wealth inequality in the U.S. while creating a more vibrant, participatory economy," said Steve Storkan, executive director of the EOX.
The NCEO makes employee ownership thrive by helping make employee ownership better through research, events, peer networking, publications, toolkits, online resources, and generating and disseminating best practices. For 42 years, the NCEO's national membership, exceptional staff, and deep resources have helped expand employee ownership.
Loren Rodgers, executive director of the NCEO said of the new partnership, "We have some big ambitions for this collaboration with EOX, and you will be seeing new things from us in the coming weeks and years."
The new collaboration will draw on the strengths of each organization to provide a bright future for the expansion of employee ownership; the EOX's local, in-person network of professionals and volunteers and NCEO's research, stories, volunteers, and stature.
Visit the NCEOX Initiative online at http://www.nceo.org/nceox for updates and opportunities as our community works together to expand employee ownership.
About the Employee Ownership Expansion Network (EOX)
The Employee Ownership Expansion Network is a 501(c)(3) non-profit organization founded in Philadelphia, PA in 2018 and headquartered in Arlington, VA. Its mission is to significantly expand employee ownership in the United States by establishing and supporting a network of independent, nonprofit State Centers for Employee Ownership. To date, EOX has provided funding and technical assistance to support the opening of twelve State Centers helping them to reach their goal of having 70% of the US population live in a state with a Center for Employee Ownership. To learn more, visit http://www.eoxnetwork.org.
About the National Center for Employee Ownership (NCEO)
The National Center for Employee Ownership (NCEO) is a 501(c)(3) nonprofit membership organization whose mission is to make employee ownership thrive. Established in 1981 to provide practical resources and objective information about employee ownership, the NCEO holds weekly webinars, convenes large national conferences with more than 1,800 attendees, conducts foundational research, and is the main publisher in the field with more than 60 publications. In addition, NCEO conducts employee surveys and compiles and distributes data on ESOP companies, as well as speaking and introductory consulting services. NCEO also provides assistance to academics and has extensive contact with the media, both through interviews and through writing articles. To learn more visit http://www.nceo.org.
Steve Storkan, Employee Ownership Expansion Network (EOX), 1 651-319-1874, [email protected]
SOURCE Employee Ownership Expansion Network (EOX)