July 2015 ESOP Company News

We thought we’d share some news from ESOP Association members today.

Congressman Meehan Visits SEL in King of Prussia

On May 11, 2015, ESOP Association member, Schweitzer Engineering Laboratories’ (SEL) King of Prussia team discussed the benefits of being a 100 percent employee-owned company with Rep. Patrick Meehan (R-PA) during his visit to their Pennsylvania office.

The Congressman toured the company’s business and engineering services facility and learned about the American manufacturer’s role in protecting power grids around the world. SEL employees also provided updates on recent projects related to power grid protection, control and cybersecurity.

“One in four private sector workers is employed by S-corporations like SEL,” said Congressman Meehan. “Employee stock ownership plans give workers a greater stake in a business’ success and enable more employees to benefit directly from a firm’s performance. I’m grateful to have the opportunity to visit SEL today, meet its talented team and learn more about the work they do.”

Meehan represents Pennsylvania’s 7th Congressional District and is a member of the House Ways and Means Committee which oversees a number of issues, including taxes and retirement. During his visit, Meehan provided a status update on tax reform efforts and learned about the SEL ESOP, which is helping more than 2,000 SEL employees build robust retirement accounts.

“As employee-owners, we are motivated to create quality products that help our customers and, in turn, help SEL and our ESOP continue to grow,” said Angelo D’Aversa, manager of Research & Development in the SEL King of Prussia office.

SEL Meehan

ComSonics Meets with Congressman Goodlatte

CEMSI, ComSonics Electronic Manufacturing Services Incorporated, located in Harrisonburg, Virginia recently hosted Congressman Bob Goodlatte (R) of Virginia’s 6th District for a tour of the ComSonics manufacturing facility. ComSonics reported that Congressman Goodlatte has always been a strong supporter of employee ownership and he is always willing to take time from his busy schedule to visit with our employee-owners when he is available.

During his visit, there was time to answer questions and the Congressman shared his views about employee ownership and his ongoing belief that it works. ComSonics employee owners also took the time to discuss H.R. 2096 and asked for his support on the Promotion and Expansion of Private Employee Ownership Act.

ComSonics also provided a letter asking for his backing upon his departure. Within a few weeks the company received a letter from the Congressman noting that he was pleased to inform ComSonics that he had become a cosponsor of the legislation.

ConSonics Goodlatte

CSI Goodlatte Letter5-15_Page_1

CSI Goodlatte Letter5-15_Page_2ComSonics Goodlatte 1

ComSonics Goodlatte 2

ComSonics Goodlatte 3

 Employee-Owned Adworkshop Wins Two National Awards for Excellence in Healthcare Advertising

The Aster Awards Honored Adworkshop, an integrated marketing agency with headquarters in Lake Placid, New York and offices in Albany and Manhattan, and ESOP Association member, with two Aster Awards for its work on behalf of Canton-Potsdam Hospital (CPH) for excellence in healthcare advertising and marketing.

The Aster Awards, a nationally ranked competition recognizing the “most talented healthcare marketing professionals for excellence in advertising,” are sponsored by Marketing Healthcare Today Magazine. Winners were announced the first week of May.

Adworkshop won a Gold Aster in the Poster/Display-Single Category for its CPH “Unusual Beats” poster showcasing Cardiologist Dr. Znojkiewicz’s specialization in irregular heart rhythms. In addition, Adworkshop was awarded a Bronze Aster in the Service Line – Women’s category for its “Dense Breast Campaign” highlighting CPH’s Automated Breast Volume Scanning (ABVS) as a preventative breast cancer tool.

“We are honored by the national recognition the Aster Awards bring to Adworkshop’s creative work on behalf of Canton-Potsdam Hospital,” said Wendy Knight, Adworkshop’s Senior Managing Director. “We serve as partners for our clients and are excited that these awards recognize CPH’s innovative offerings, and bring greater awareness to the outstanding care offered at the hospital.”

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