Bill > HB1790

This bill establishes the Office of Employee Ownership within the Department of Community and Economic Development to promote and provide assistance for the development of employee-owned enterprises in Pennsylvania. It creates the Main Street Employee Ownership Grant Program to provide grants to small retail businesses to acquire or convert to employee-owned enterprises. The bill also authorizes the Office to provide technical and financial assistance, including loans and loan guarantees, to employee-ownership groups and employee-owned enterprises. The goal is to encourage the formation and success of employee-owned businesses in the state.