Pennsylvania Business Report

Legislation would establish ways to help businesses transition to employee ownership

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By Melina Druga  |  October 9, 2026

The state Senate recently voted to approve legislation that would help businesses transition to employee ownership. Senate Bill 478 would establish within the Department of Community and Economic Development (DCED) an Office of Employee Ownership and establish an Employee Ownership Advisory Board. The Office of Employee Ownership would provide technical and financial assistance to assist with the acquisition or the conversion of eligible small businesses to the employee ownership model. Fi...

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