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Major ESOP Initiative Moves Forward in Texas
National Center for Employee Ownership [NCEO]Link to more items from this source
Apr. 28, 2021

"The bill would: [1] Allow professional corporations to be owned by ESOPs ... [2] Allow certified Historically Underutilized Businesses (HUBs) to adopt an ESOP without losing their status as an HUB. [3] Create contracting preferences at the state, city, council, and special district level for ESOPs. [4] Establish an Employee Ownership Assistance Office in the Texas Economic Development and Tourism Office."

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