Minnesota Center for Employee Ownership

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We’re on a mission to turn the state of Minnesota into a place where every working person can also be an employee owner. We’re on a mission to turn the state of Minnesota into a place where every working person can also be an employee owner. MINNESOTA CENTER FOR EMPLOYEE OWNERSHIP, INC. (MNCEO) IS AN EDUCATIONAL NONPROFIT CORPORATION THAT IS DEDICATED TO PROTECTING JOBS, INCREASING COMMUNITY WEALTH, AND CREATING A MORE VIBRANT, INCLUSIVE ECONOMY.

Minnesota Center for Employee Ownership
Overview

The Minnesota Center for Employee Ownership (MNCEO) is a 501c3 non-profit organization dedicated to promoting and educating on various forms of employee ownership across the state of Minnesota. It serves as the primary hub for unbiased information and resources on employee ownership models, including Employee Stock Ownership Plans (ESOPs), Worker-Owned Cooperatives, and Employee Ownership Trusts (EOTs).

Mission and Purpose

MNCEO's mission is to turn Minnesota into a state where every working person can be an employee-owner. It focuses on educating business owners and their advisors about the benefits of employee ownership, providing case studies, resources, and connecting businesses with service providers who specialize in employee ownership transitions. This is particularly relevant as over 52,000 Minnesota businesses owned by retiring baby boomers will change hands or dissolve over the next few years, with many lacking succession plans.

History

MNCEO was established in early 2020 as part of the Employee Ownership Expansion Network (EOX), which aims to create a national network of state centers for employee ownership. The EOX began forming state centers in 2019 to promote education and outreach on employee ownership models nationwide.

Leadership and Team

Kirsten Kennedy serves as the Executive Director of MNCEO. She leads efforts in networking, fundraising, and programming aimed at promoting employee ownership throughout Minnesota. Kennedy has a background in public policy, having served as the mayor of North Branch and worked on economic development and social justice initiatives.

Financial Structure

MNCEO operates primarily on contributions, which accounted for about 94% of its revenue in the fiscal year ending 2023. The organization is supported by donations, which are tax-deductible.

Programs and Activities

MNCEO offers various resources and services, including educational events, webinars, and access to a network of professionals experienced in employee ownership. It helps businesses navigate succession planning and positions them for sustained success by facilitating their transition to employee-owned models.

Impact and Vision

By promoting employee ownership, MNCEO aims to preserve jobs, enhance community stability, and foster economic development within Minnesota. The organization supports a high-involvement work culture where employees are encouraged to think and act like owners, leading to improved corporate performance and employee financial well-being.

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844160755

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163

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St Cloud

Address: 1420 8th Ave N, St CloudWeb: Sign in to see organisation websiteFacebook: MinnesotaCEOX (Twitter): official_mnceoRevenue: 78447ICO: 844160755

MNCEO | Minnesota's Leading Resource for Employee Ownership

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News about from their social media (Facebook and X).

Minnesota Center for Employee Ownership

I'm passing along this webinar invitation from one of our partners, what a unique learning opportunity. "Looking for a strategic, tax-advantaged way to grow your cannabis company or plan for succession. An Employee Stock Ownership Plan (ESOP) could be the solution.

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Anna

What strategies can we implement to raise awareness about the benefits of employee ownership among retiring business owners in Minnesota?

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Minnesota Center for Employee Ownership

Happy Employee Ownership Month. Minnesota has such a rich history of employee ownership, and we are so lucky at MNCEO to be a part of that story. Stay tuned this month for some Employee Ownership Month festivities, including employee-owned company spotlights, upcoming event information, more from historical accounts of the origins of employee ownership in Minnesota, and more.

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Isabel

What an incredible initiative! Empowering employees to become owners is a game changer for communities in Minnesota! 🌟 #EmployeeOwnership #MNCEO

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Andrew

How can the Minnesota Center for Employee Ownership collaborate with local communities to facilitate the transition of businesses to employee ownership models?

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Emily

I love the work MNCEO is doing to support local businesses and their employees! Together, we can build a more resilient economy for all! 💪💼 #SupportLocal #EmployeeOwnership

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