Pennsylvania SB478 establishes the Office of Employee Ownership to support employee-owned enterprises through technical and financial assistance.
Pennsylvania SB478 creates the Office of Employee Ownership within the Department of Community and Economic Development. The office aims to aid businesses in forming employee-owned enterprises by providing outreach, education, and technical assistance. It establishes the Main Street Employee Ownership Grant Program for small businesses and offers financial assistance through loans and loan guarantees. The bill also mandates annual reporting on program impacts and prohibits discrimination in employment.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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