NCEO Employee Ownership Blog
By Corey Rosen
In what would be the most significant step forward by a state yet, Senator Josh Becker has introduced Senate Bill 1407, the Expanding Employee Ownership Act. The bill would provide outreach, financing, and technical assistance for conversions to employee ownership.
The bill has bipartisan sponsorship and support from committee chairs of the relevant committees. Hearings will occur in the next several weeks.
Senator Becker has urged those who support the bill to contact their representatives about it as soon as possible. Sponsors currently include Senator Andreas Borgeas, R-Fresno; Senator Rosilicie Ochoa Bogh, R-Yucaipa; Senator Anthony Portantino; D-La Cañada Flintridge, and Assembly member Phil Ting; D-San Francisco.