Alternative Exit #21 | Scaling Employee Ownership, One State at a Time

08/05/2025 34 min Episodio 21
Alternative Exit #21 | Scaling Employee Ownership, One State at a Time

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Episode Synopsis

Episode Summary:For today's episode of The Alternative Exit Podcast, I'm joined by Steve Storkan, Executive Director of the Employee Ownership Expansion Network (EOX). With over 25 years of experience in the employee ownership space, Steve has helped shape how businesses and communities embrace ownership models like ESOPs and Employee Ownership Trusts across the U.S.We dive into the cultural and emotional side of employee ownership, the growing network of state centers EOX is building, and what it takes to make ownership more mainstream in America. Steve also shares some of the biggest misconceptions about employee ownership and why capital access and education remain two of the biggest hurdles. Whether you're a business owner considering your next move or someone passionate about inclusive growth, this conversation is packed with perspective and purpose.Key Takeaways:How Steve’s experience in the Marine Corps led to a surprising path into employee ownershipThe emotional connection and cultural power of ESOPsWhy financial literacy is critical to employee engagementThe role third-party administrators play in bridging education gapsCommon misconceptions that make ESOPs hard to explain—and how to fix thatHow EOX is scaling state-by-state to increase national awarenessWhy employee ownership is a retention tool, and not (yet) a recruitment toolThe challenge of capital access—and how philanthropy and impact funds are changing thatThe rise of ESOP-led acquisitions to grow ownership across sectorsWhat’s next for the employee ownership movementAbout Steve StorkanSteve Storkan is the Executive Director of the Employee Ownership Expansion Network (EOX), a national nonprofit on a mission to grow employee ownership across the United States by supporting the development of state centers. Since joining EOX in 2019, Steve has helped expand the network from 8 to 24 state centers and continues to advocate for inclusive business models that benefit both owners and employees.Connect with Steve StorkanEmail: [email protected]: Steve StorkanWebsite: https://eoxnetwork.orgConnect with Andy Farquharson:LinkedIn - https://www.linkedin.com/in/andyfarquharson/  Instagram - https://www.instagram.com/andyfarq   Website - https://abettermonday.me/   Email - [email protected]

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