KAPCO, an ESOP company located in Brea, California and member of The ESOP Association, was pleased to host Congressman Ed Royce (R-CA) of the 40th District of California for a visit and tour of the company’s Brea facilities. Congressman Royce met with a group of employees and answered questions with regard to his stance on ESOPs, the financial situation in California, and the affect that the California Air Resources Board has had on businesses in the state. He strongly believes that ESOPs are the way of the future and will play an important role in seeing economic recovery throughout the nation. He is in support of H.R. 1244 and is willing to consider co-sponsoring the bill and making a strong push for it in Congress. In his words, “This issue needs to not only be supported, but to have a fire lit under it.”
The Congressman took time to tour three KAPCO Brea buildings and meet employees throughout the sites. George Ray of LeFiell Manufacturing and Stephanie Mercado and Nicol Vargas of Carl Warren & Company, also ESOP Association members, joined KAPCO employee owners for the visit.
Thank you to KAPCO’s Desiree Garcia for sharing this information and photos with the Association.