PEDA - Pennsylvania Economic Development Association

Business Retention: Using Transition Planning & Employee Ownership to Keep Local Business Local

  • 12/10/2014
  • 9:30 AM - 11:00 AM
  • Online Webinar (Log-in credentials will be provided to registrants in advance of the session.)


Registration is closed

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This webinar will enable economic developers to build new tools, broaden their resources and devise new strategies for business retention and expansion in their communities.  Participants will learn about specific actions they can take to guide owners toward transition alternatives that achieve owners’ goals and keep businesses and jobs in the community.

Participants will leave this session able to (a) identify companies for which an ESOP may be an appropriate strategy, (b) answer common questions from business owners about ESOPs, and (c) have ready access to more detailed information.  Few communities have professionals skilled in these areas, so economic developers can and should become the "go-to" ownership transition resource for businesses in their communities.  Topics to be covered during this webinar include:

  • Importance of business retention due to coming tsunami of business owner transitions
  • Ownership transition planning and options
  • Succession planning principles and alternatives
  • ESOP basics
  • Federal tax incentives for ESOPs
  • How to identify good ESOP candidates
  • Benefits to owners, businesses, and communities
  • Case studies of PA ESOP companies


Loren Rodgers is the Executive Director of the National Center for Employee Ownership.  Loren specializes in various forms of employee ownership, including employee stock ownership plans (ESOPs), equity compensation plans, and other forms of employee ownership.  Active in the field since 1995 as a researcher and consultant, Loren works with companies on ownership transitions, ESOP plan design, governance, operational issues, organizational culture, best practices for employee ownership companies, and communicating about transactions. 

Loren speaks extensively, consults internationally and writes for academic, trade, and employee-ownership publications in the US and abroad on topics including corporate governance, ESOP education, organizational dynamics, and business literacy. Before joining the NCEO in 2005, Loren was a senior principal at Ownership Associates, an employee ownership consulting firm in Cambridge, Massachusetts .

Mario O. Vicari, Director of Audit and Accounting for Kreischer Miller, is a business advisor to privately-held companies, helping them to address the unique challenges they face in growing their businesses, allocating capital, and building value for their owners.

Mario has over 30 years of experience working with entrepreneurs and private companies in a variety of industries including construction, manufacturing, distribution, and services. His principal focus is on value creation in private companies and his work includes a broad range of advisory services including strategy, finance, valuation, succession, and business transfers.

Mario leads the Family-Owned Businesses specialty area and he is a member of the firm’s executive committee.

Ken Baker, CEO of NewAge Industries, Inc., has over 25 years of experience in the plastic tubing and hose industry. His father, Raymond Baker, started NewAge® Industries, Inc. in 1954, and Ken joined the company in 1985. Under Ken’s nurturing, NewAge has become 40% employee owned (ESOP) and has twice been recognized as a finalist in Winning Workplaces’ Top Small Company Workplaces.  Ken spends time in speaking about employee ownership to CEOs at local and National events. 

In 2001, Ken led the company in the launch of its AdvantaPure® sanitary products division, and this continues to be his primary focus. He is a co-inventor on three patents in RFID tagging technology for the Verigenics division and a co-founder in the RFID in Healthcare Consortium. Ken is a board member of the BPSA  Bio-Process System Alliance an industry trade organization.  He invites area high school students to intern at NewAge Industries each summer and is a generous contributor to local and national charities.  Ken is also on the Foundation board of Montgomery County Community College.

James G. Steiker is Chairman and CEO of SES Advisors, Inc. and Founding Partner and Chairman of its sister law firm, Steiker, Fischer, Edwards & Greenapple, P.C.  Jim is a corporate, pension and tax attorney and financial advisor with more than 25 years of experience in Employee Stock Ownership Plans (ESOPs) and other employee ownership matters, focusing primarily on ESOP design, transactions and compliance in entrepreneurial companies.  Jim is the immediate past Chair of the Finance Committee and currently serves on the Board of Governors of The ESOP Association, is a trustee of the Employee Ownership Foundation and a member of the Board of Directors of the National Center for Employee Ownership. He is also a frequent speaker and author on ESOP matters and serves as a director of eight ESOP companies.  Jim is a graduate of New York University School of Law, where he was a Root-Tilden-Snow Scholar, and of Wesleyan University.

Attention Certified Providers: This course is approved to provide 1.50 organizational PDUs (Marketing / PR) as explained in the Guidelines for Certification of Economic Development Organizations issued by the Pennsylvania Department of Community and Economic Development and in the Institute’s Policies and Procedures.

*Note: We reserve the right to reschedule or cancel this offering.  In the event of a cancellation, a refund will be provided to registrants.

System Requirements
PC-based attendees
Required: Windows® 7, Vista, XP or 2003 Server

Macintosh®-based attendees
Required: Mac OS® X 10.5 or newer

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