Small Business Employee Ownership Promotion Enhancement Act of 2018

Small Business Employee Ownership Promotion Enhancement Act of 2018

This bill amends the Small Business Act to require the Service Corps of Retired Executives (SCORE) to appoint a SCORE Employee Ownership Director, whose duties shall relate to the various forms of employee ownership.

The director shall be responsible for:

• administering and disbursing materials that contain general information and technical assistance for the establishment of employee ownership structures;
• coordinating efforts for employee ownership with SCORE chapters located throughout the United States;
• providing technical assistance relating to a range of business forms and strategies that promote or facilitate employee ownership, including an employee stock ownership plan, a cooperative, and any other approach determined appropriate by the director; and
• providing the Small Business Administration and the Office of Entrepreneurial Development with statistics, including regional statistics from a SCORE chapter relating to services provided to small businesses potentially undertaking a form of employee ownership.

The director may be a SCORE employee on the date of appointment.