Employee Stock Ownership Plans
Indiana's ESOP Initiative
Indiana's ESOP Initiative (IEI) was created by State Treasurer Richard Mourdock to
promote and encourage the formation of new Employee Stock Ownership Program (ESOP) companies in Indiana.
ESOPs have a clear track record of creating weal th, encouraging entrepreneurial attitude,
and increasing productivity. The key to retaining Indiana jobs is increasing productivi ty.
As Treasurer Mourdock has often said, "one of the best reasons to help Indiana
companies become employee-owned is that no group of employee-owners have ever,
ever, ever, ever moved their company to Mexico or China!"
In order for the IEI to achieve i ts goals, Treasurer Mourdock is providing a $50 mill ion
investment through a "link-deposit" program to assist Indiana banks in funding ESOP
transactions.
Treasurer Mourdock is also announcing that Credit Suisse, who is managing $150 million
of Indiana's Public Employees Retirement Fund targeted for investment in Indiana, will
consider on a case by case basis the purchasing of equity in an Indiana company for the
purpose of completing an ESOP transaction.
In addi tion, Treasurer Mourdock has assembled an "ESOP toolbox" of resources and
information for business owners and employees wanting to learn more about ESOPs and
professional organizations that can assist wi th their creation. The ESOP toolbox wil l
continually be updated with new information as it becomes available to IEI.
