Keeping It Local: How ESOPs Can Help Businesses Navigate Succession

For many local business owners, starting a business takes years of work, sacrifice and persistence. But eventually, another question arrives: 

What happens to everything you've built when you're ready to step away?

For Spinato's, employee ownership - or ESOPs - offered a way to accomplish several goals at once: preserve the company's legacy, keep the business locally rooted, reward longtime employees and create another reason for talented people to build careers with the company.

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