Main Street Employee Ownership Act of 2018

Bill 115 hr 5236, also known as the Main Street Employee Ownership Act of 2018, is a piece of legislation introduced in the US Congress. The purpose of this bill is to promote employee ownership of small businesses by providing technical assistance and resources to help facilitate the transition of these businesses to employee ownership structures.

The bill aims to support the creation and growth of employee-owned businesses by providing funding for programs that educate and assist small business owners in converting their businesses to employee ownership. This includes providing grants to organizations that specialize in employee ownership, as well as establishing a national center for employee ownership to provide resources and guidance to small businesses interested in transitioning to employee ownership.

Additionally, the bill seeks to increase access to capital for employee-owned businesses by expanding the Small Business Administration's loan programs to include loans specifically for employee-owned businesses. This will help these businesses secure the funding they need to grow and thrive under employee ownership structures. Overall, the Main Street Employee Ownership Act of 2018 aims to support and promote employee ownership as a viable and sustainable business model for small businesses in the United States. By providing resources, technical assistance, and access to capital, this bill seeks to empower small business owners to transition to employee ownership and create a more inclusive and equitable economy.