# Vermont Treasurer Launches Employee Ownership Task Force

Vermont State Treasurer Mike Pieciak has initiated a task force to explore expanding employee ownership among Vermont businesses to address succession challenges as many business owners approach retirement. The task force aims to develop strategies that preserve local ownership, support good-paying jobs, and enhance community wealth. This initiative may lead to legislative proposals or further studies impacting procurement and economic development in the state.

- **Why this matters:** Procurement professionals and contractors should be aware of potential shifts in business ownership structures that could influence vendor relationships and local contracting opportunities.
- The task force includes key state economic and tax agencies, indicating coordinated efforts that may affect state procurement policies and small business support programs.
- Organizations involved in business development, financial services, and cooperative models may find new opportunities as Vermont promotes employee-owned business growth.
- Stakeholders should monitor for forthcoming legislative or programmatic changes that could create new procurement vehicles or incentives favoring employee-owned enterprises in Vermont.

**Jurisdictions:** sled
**Industries:** Professional Services
**Topics:** Policy
**Published:** September 24, 2026

### Government Entities
- Vermont State Treasurer's Office
- Vermont Employee Ownership Center
- Vermont Small Business Development Center
- Vermont Department of Tax
- Vermont Department of Economic Development

### Vendors
- PT360 Cooperative (employee-owned business)
- PC Construction (business development)

### Key Quotes
> Employee ownership reflects some of Vermonts strongest values: shared responsibility, local decision-making, and the belief that prosperity should extend to the people who help create it.
> — Mike Pieciak, State Treasurer

### Sources
- [Treasurer Pieciak Launches Task Force to Expand Employee Ownership to Vermont Businesses and Workers | Office of the State Treasurer](https://www.vermonttreasurer.gov/press-releases/treasurer-pieciak-launches-task-force-expand-employee-ownership-vermont-businesses) - VT