Indiana's Employee Ownership supporters are on the verge of a BIG accomplishment. These two bills are currently being considered and would be a huge win for the future of employee ownership in the state. We are asking all Indiana residents to contact their state representatives

• Indiana - Senate Bill 175, authored by Sen Shelli Yoder, would establish the employee-owned business resource center (center), and set out the duties of the center, including establishing and administering a revolving loan program and the employee ownership revolving loan fund.

• Indiana - House Bill 1038, authored by Rep Jake Teshka, would require the treasurer of state (treasurer) to establish and administer a program to assist Indiana companies in obtaining financing from a financial institution for the purchase of company shares by an employee stock ownership plan (ESOP). It would also allow the treasurer and a financial institution to enter into an agreement under which: (1) the treasurer places a certificate of deposit (CD) with the financial institution at not more than 3% below the comparable Treasury Bill rate; and (2) the financial institution makes a loan to a company at a reduced percentage rate of interest that corresponds to the CD's reduced rate of interest.