ESOPs = HUBs

Paving a way for Employee Owned Companies to be recognized as HUBs (Historically Underutilized Businesses)

Texas ESOP Initiative Mission

We are dedicated to the idea that majority-owned Employee Stock Ownership Plan (ESOP) companies in Texas should be recognized with Historically Underutilized Business (HUB) status.


Texas House Representative Ryan Guillen filed a bill with our support; we are looking for support from Texas ESOPs. 

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Reasons to Support

Benefits Everyone

ESOPs have women, minority, and veterans in leadership and therefore should also receive equal access to bidding on projects. Giving employee owned businesses HUB status benefits all employees, women, minorities, disabled vets -- young and old. 

Offers Legacy Plan

The ESOP - HUB status allows HUB companies a natural ownership transition path. Existing HUBs headed by women, minorities, and vets now can sell their business to their employees as an option for their own retirement and still maintain contracting preference and a stable workplace.

Affords Higher Profits

With access to additional bidding opportunities categorized under the HUB classification, ESOPs can increase their project load and profits.  Plus it's good for the Texas economy!  

Both political sides embrace ESOPs

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Democrat President Barack Obama

"The idea behind these ESOPs is that if employees have a piece of the action—they’re essentially shareholders in these companies—then you are aligning the interests of workers with the interests of the company as a whole. It’s something that can help grow companies, because the workers feel like they’re working for themselves, and they’re putting more of themselves into their job each and every day. I think that it’s something that can be encouraged." 

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Republican President Ronald Reagan

"I can’t help but believe that in the future we will see in the United States and throughout the western world an increasing trend toward the next logical step, employee ownership. It is a path that benefits a free people." 

Download and read our bill in the Texas House of Representatives

How you can help

Sign the belief statement

Join other Texas ESOPs in supporting H.B. 4171 by signing the Belief Statement below in the "Join our Cause" section. We'd like to increase our coalition of ESOPs.

Invest in the cause

To ensure victory in the legislature, support our efforts. Contact Mike Hart at MikeHart@texasesop.org or 512-744-4400 for details on how to send funds and be a part of this great cause.

Contact your legislators

Call, email, and meet your state senator and house representative to express your support for H.B. 4171 and to ask for their support in co-sponsoring it and in voting for it. Find out who represents you here.

Share with others

We need your help to spread awareness of this initiative to your fellow employees and other Texas ESOP companies. Check out what the National Center for Employee Ownership recently wrote here about our efforts.

Volunteer to testify at hearing

We're looking for volunteers to testify at the House hearing about how ESOPs work and why this bill is good for business. If interested contact MikeHart@texasesop.org

Testimonals

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Corey Rosen

Founder, National Center for Employee Ownership

"The next step to grow employee ownership in the U.S. needs to be at the state level. This initiative is a good first step for Texas to become a leader in that effort." 

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Anne Davison

President,  RFD & Associates, Inc. 

"RFD has been a successful woman-owned IT Sales & Services business in Austin for over 30 years. Our primary client is The State of Texas.  Recently, RFD converted part of the business to an ESOP benefiting our employees, many of whom have been with RFD for decades.  We will eventually transition to being fully employee owned (full ESOP).  Retaining our HUB status will allow RFD to continue to serve our Texas clients as we have always done." 

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Michael Keeling

President, The ESOP Association

"While many states have enacted laws providing incentives for ESOP creation and operation, if HB 4171 became the law of Texas, it would set a precedent for similar preference in other state laws, and perhaps the Federal 8(a) program. Since Texas' Constitution provides that the Legislature meet regularly only once every two years, with each session ending in the May timeframe, the possibility of having the law changed is two years in the future unless the Legislature takes action this session. Mike Hart, President & CEO of EEA Consulting Engineers is leading a grassroots Texas effort to have the Texas law amended." 

Sponsorship Levels

If you want to be a sponsor, send the check to EEA Consulting Engineers with "Texas ESOP Initiative" in the memo line. If we raise more money than we spend and are successful in getting our bill passed this session, we will donate the balance of funds to the ESOP Association Foundation. If we fail to get the bill passed this session, we will spend any excess funds to work toward a plan for next session.

About Us

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Mike Hart

Founder, Texas ESOP Initiative 

As president at EEA Consulting Engineers, Mike has been with the company since he founded it in 1977. EEA has been an ESOP since 2015 specializing in traditional facility design and remodeling, to commissioning, and energy conservation projects worldwide with licenses in all 50 states and the District of Columbia. 

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Lauren Day

Marketing Director, Texas ESOP Initiative

President at GoodBuzz Solutions, Lauren harnesses the best of marketing, communications, and events to empower the brands of entrepreneurs, public figures, and organizational leaders to become more visible so they can achieve their goals and be the best. 

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Matt Mackowiak

Legislative Director, Texas ESOP Initiative

As president of Potomac Strategy Group, Matt provides political consulting to campaigns and media relations/crisis communications assistance to companies, groups and individuals. He's served two U.S. Senators and a Governor, in the Bush administration, and in winning campaigns. 

Join the Cause

I believe majority owned ESOPs should be recognized as Historically Underutilized Businesses.

Texas ESOP Initiative

6615 Vaught Ranch Rd, Suite 100, Austin, TX 78730, US

MikeHart@texasesop.org --or-- (512) 744-4400