Translate
Facebook
X
Instagram
LinkedIn
Youtube
MEDIA CONTACT
Press Release
April 1, 2024
2 minute read

NJEDA Releases Request for Information for Development of a Statewide Employee Ownership Program


TRENTON, N.J. (April 1, 2024) – The New Jersey Economic Development Authority (NJEDA) today issued a Request for Information (RFI) seeking insight from firms and individuals with perspectives on the proven best practices, potential challenges and appropriate considerations relevant to the development of a Statewide Employee Ownership program. The information gathered through this RFI will help NJEDA better understand the scope and characteristics of a potential employee ownership program and engage interested parties, potential consultant, and eligible businesses in the establishment and success of the potential program.

WHAT:           The NJEDA is interested in receiving comments, questions, recommendations, facts, information, ideas, and responses that will help the NJEDA better understand the scope and characteristics of Employee Ownership – highlighted as a potential Wealth Disparity Initiative by the Governor’s Wealth Disparity Task Force – in anticipation of the development of a Statewide Employee Ownership Program. The creation of such a program will aim to engage interested parties, potential consultants, and eligible businesses in the establishment and success of an employee ownership model with the support of the Authority.

WHO:             The RFI seeks responses from all interested stakeholders including but not limited to New Jersey-based businesses of any size and industry; Employee-Owned entities located within the United States; Employee Stock Ownership Plan (ESOP) technical assistance providers; Chambers of Commerce and other business advocacy organizations; business and entrepreneurship support organizations; Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs); policy and academic researchers; foundations and philanthropic initiatives that support Employee Ownership and/or work to address socioeconomic disparities; any other individual or entity who has perspectives or experiences relevant to this Request for Information.

Respondents do not need to be located within New Jersey to provide input.

WHEN:          All questions must be submitted in writing no later than 5:00 p.m. on April 8, 2024, via e-mail to EmployeeOwnership@njeda.gov. The subject line of the e-mail should read: “QUESTIONS-2024 RFI-199 Development of a Statewide Employee Ownership Program”. Answers to questions submitted will be posted on the NJEDA’s website: Bidding Opportunities – NJEDA as Addendum.

All RFI responses must be submitted in writing no later than 5:00 p.m. on April 15, 2023, via e-mail to EmployeeOwnership@njeda.gov. The subject line of the e-mail should state: “RFI Response-2024-RFI-199 Development of a Statewide Employee Ownership Program”.

To learn more about NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on FacebookTwitter, Instagram, and LinkedIn.

###

SHARE

Related Content

Press Release

April 15, 2024

NJEDA Establishes New Jersey Green Bank to Advance Climate Goals

TRENTON, N.J. (April 15, 2024) – Last week, the New Jersey Economic Development Authority (NJEDA) Board approved the creation of the New Jersey Green Bank (NJGB), which will make investments in the clean energy sector that will help advance the state’s efforts to make an equitable transition to 100 percent clean energy.

Press Release

April 12, 2024

NJEDA Board Approves Anchor Tenants for Maternal and Infant Health Innovation Center

TRENTON, N.J. (April 12, 2024) – The New Jersey Economic Development Authority (NJEDA) Board on Wednesday approved three anchor tenants to lead the Maternal and Infant Health Innovation Center (MIHIC) in Trenton.

Press Release

April 11, 2024

NJEDA Approves Creation of $7M Green Workforce Training Grant Challenge

TRENTON, N.J. (April 11, 2024) – The New Jersey Economic Development Authority (NJEDA) Board approved the creation of the Green Workforce Training Grant Challenge.