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|Major ESOP Initiative Moves Forward in Texas|
National Center for Employee Ownership [NCEO]
Apr. 28, 2021
"The bill would:  Allow professional corporations to be owned by ESOPs ...  Allow certified Historically Underutilized Businesses (HUBs) to adopt an ESOP without losing their status as an HUB.  Create contracting preferences at the state, city, council, and special district level for ESOPs.  Establish an Employee Ownership Assistance Office in the Texas Economic Development and Tourism Office."
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