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Federal budget includes commitment to explore employee ownership trust framework
TORONTO, April 19, 2021 /CNW/ - Social Capital Partners welcomes the federal government s decision to explore options to unlock the potential of employee ownership trusts (EOTs) as part of Canada s economic recovery. This is a first step toward making broad-based employee ownership a more significant part of our economy. Social Capital Partners produced Building an Employee Ownership Economy in October 2020, a report calling for the establishment of EOTs in Canada, as a way to grow Canada s comparatively low levels of employee ownership. There is a large body of research from around the world that points to employee ownership trusts as a powerful tool to reduce wealth inequality, support business succession, protect local jobs, and promote economic resilience, says Jon Shell, managing partner of Social Capital Partners. It s great to see the government recognize that employee ownershi
Unlocking the potential of employee ownership in Canada
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Hi Nabor Sells Company to Employees through an Employee Stock Ownership Plan (ESOP)
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April 15, 2021
manufacturing as a yarn spinning
company, but in more recent years has
added nonwovens and craft products to
its portfolio of businesses.
TW Special Report
Washington, N.C.-based National Spinning Co. Inc. has reached a very impressive milestone. Founded in 1921, the company celebrating its 100th anniversary this year. During its 100-year-history, the yarn spinning company â highly skilled at producing wool, acrylic and complex blended yarns, as well as tailored yarns to meet customer needs âhas expanded beyond its core spinning competencies with the acquisitions of craft company Hampton Art and airlaid nonwovens producer Carolina Nonwovens.
The company strives to be a reliable trustworthy partner and a go-to resource offering quality products and service in a most professional way to create financial health for itself, its customers and its suppliers.