Published 1 month ago

Central PA is a hidden gem for employee-owned businesses

Summary by Ground News

In 2023, Harrisburg ranked #1 in the nation for employee-owned companies, by CertifiedEmployee-Owned. According to the Pennsylvania Center for Employee Ownership, there are more than 300 companies in Pennsylvania that are either partially or fully employee- owned. How this works is through an Employee Stock Ownership Plan, or ESOP, companies take on debt to buy out the owners and divide the ownership shares among the employees.

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Central PA is a hidden gem for employee-owned businesses

By Joe HamadOver the years, the greater Capital Region has made a name for itself as an area where small businesses flourish into big success stories. But what many may not realize is that so many of these local businesses are also “walking the talk” when it comes to sharing their success with their employees.

1 month ago·Harrisburg, United States

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