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Kentucky’s ESOP Boom | Lexington News
Kentucky’s business future hinges on what happens when owners retire—over half the state’s businesses are run by folks 55+, meaning countless companies will change hands or close. But here’s the twist: employee-owned ESOPs are thriving, keeping jobs local and boosting profits. TiER1 Performance grew revenue 160% and staff 186% after going ESOP, while C-Forward tripled revenue and hit 98% client retention in just one year. ESOPs outperform traditional firms, with better pay, retirement security, and job stability. Kentucky already hosts 100+ ESOPs with 43K employees—but the real opportunity?…
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