Esop Ownership Gains Support From Cedar Rapids Firms
Two Cedar Rapids ESOP companies, Van Meter Inc and CarePro Health Services, back a bill to incentivize employee ownership. Van Meter notes stability and faster value growth via its 100 percent ESOP, while CarePro cites steady job retention and local investment. Experts discuss costs and benefits of establishing ESOPs and feasibility studies.
MENTIONED IN THIS ARTICLE
Cedar Rapids
van Meter Inc
van Meter
John Naxera
Barry Bower
ESOP
Esop Association
van Aleter
What is an ESOP and how it works in a company
An ESOP is a qualified retirement plan that owns the sponsoring company's stock. It starts by buying 30 to 40 percent of stock, sometimes 100 percent, with tax benefits offsetting price differences from outside buyers. Shares are allocated to employees who vest after a period, and the stock is held in an employee benefit trust.
MENTIONED IN THIS ARTICLE
Bover
van Meter
Esop Com
Thittee
Wil
Steve Zieser
Disteibu
Zieser
COUT
Eollar Rapids
Brochiiis
Leo
Iowa
Gacom- Dav
Chuck Seibold
Bankers Trust
Cedar Rapids
Esops
Leibold
Seibold
Leibold Sand Q
ESOP
Legislation seeks 1 million for ESOP setup grants
Tim Whipple of the Iowa Economic Development Authority outlines a bill to set aside 1 million in state funds for a forgivable loan program to cover professional services for ESOP setup including feasibility studies. It proposes exempting net capital gains from state taxes for qualifying sales to an Iowa based ESOP holding at least 30 percent of shares.
MENTIONED IN THIS ARTICLE
Tim Whipple
Legislative Affais
Iowa Economic Development Authority
Iowa
ESOP
Also Mentioned on This Page
Gary Kaufman
CarePro Health Services
Ray Buser
CarePro
Iowa-Nebraska
Kaufman
John Naxera van Meter Inc
Barry Boyer van Meter Inc
Ian
Cliff Jette
the Gazette
van Meter Industrial
Wad Dewie
Sourcemedia.net
Chuck Leibold
Kmart
16Th Ave
Meen
VISA
Mastercard
Discover American Express
SEARS
Yency Sears.com
Kmart.com
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