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Corporate Spotlight on: Rutgers School of Management and Labor Relations

Jun 01, 2022

Rutgers

University Profile:

The NJ/NY Center for Employee Ownership promotes greater awareness of employee ownership as a form of business succession planning among business owners, veterans, public officials, employees, members of the media, students, teachers, nonprofit leaders, consumers, and organizations. 


University Spotlight:

With generous support given by The Prudential Foundation to research racial equity, veterans, and employee buyouts of retiring business owners, the Rutgers NJ/NY Center for Employee Ownership recently published a report: Understanding the Opportunities for Employee Ownership Among Minority Veteran-Owned Businesses.

This report highlights the current state of minority veteran business owners nearing retirement age and available strategies for business succession planning that can benefit owners, employees, and local communities. We invite you to
view the report and share it with other owners and organizations that support this community.


For those who are interested in further guidance about succession planning, our Center, with support from the W.K. Kellogg Foundation, has teamed up with the Democracy at Work Institute to develop a free Employee Ownership Online Education Program that allows individuals to learn at their own pace about two proven succession strategies—an employee stock ownership plan (ESOP) or a worker cooperative. Through a series of easy-to-navigate modules, the program content is delivered by instructors sharing their real-world experience, with a focus on the community of business owners of color. You are invited to access this FREE program by registering below!

Register Now Button Rutgers
Employee Ownership Online Education Program

About the NJ/NY Center for Employee Ownership

Located at Rutgers University within the Institute for the Study of Employee Ownership and Profit Sharing at the School of Management and Labor Relations, the NJ/NY Center for Employee Ownership promotes greater awareness of employee ownership as a form of business succession planning among business leaders, veterans, public officials, employees, members of the media, students, teachers, nonprofit leaders, consumers, and organizations. 

For more information about the NJ/NY Center for Employee Ownership, contact:


Bethany Dennis

Senior Program Coordinator
Rutgers NJ/NY Center for Employee Ownership

bethany.dennis@rutgers.edu

848-445-6279 



By Events NaVOBA 04 Nov, 2024
On October 22, NaVOBA celebrated the Minority Veteran's Business Enterprise of the Year Awards Ceremony during the 2024 National Minority Supplier Development Council (NMSDC) Conference in Atlanta. Hosted at Cuts Steakhouse, a sponsor of the event alongside Accenture, Shell, and Hilton, the event was complete with a full course meal, drinks, and networking. Mimi Lohm, NaVOBA's Chief Development Officer, kicked off the event and set the stage for the awardees. Keynote speakers included Brandi Rauch, General Manager of Supply Chain for Shell, Che' McFerrin, Associate Manager, Global Supplier Inclusion & Sustainability at Accenture, and Matthew Pavelek, NaVOBA's President. Before the announcements of the winners, NaVOBA surprised Don McKneely, Chairman & CEO of Minority Business News, with the 2024 Veteran's Business Champion Award. The program then went on to highlight two companies who have demonstrated excellence within their industries with the 2024 Veteran's Business Enterprise (VBE)® We Love Awards. The first VBE We Love Award went to Demond Crump, CEO of REIGN Premium Sanitary Napkins. Founded in 2019, REIGN Premium Sanitary Napkins specializes in providing innovative sanitary napkins and panty liners infused with a Nobel Prize-winning material featuring a super absorbent system. The key to REIGN's success lies in prioritizing their mission over profits, ensuring that the focus on empowering women and young girls takes precedence. Demond served honorably in the U.S. Navy from 1990 to 1994, achieving the rank of E-5 and specializing as an Operations Specialist. He is Aegis system qualified and brings a wealth of strategic expertise from his military service to his entrepreneurial journey. You can read more about this VBE spotlight here . The second VBE We Love Award was presented to Paden Sickles, CEO of SickFit. Founded in 2021, SickFit specializes in wholesale and custom socks, as well as murals. SickFit caters to a diverse customer base that includes service members, athletes, corporate partners, active individuals, and government entities. The key to SickFit's success lies in its commitment to innovation and authenticity. As a veteran-owned, woman-owned, and minority-owned company, SickFit represents a movement focused on resilience and empowerment, particularly for those in underrepresented communities. Paden served from 2014 to 2024 in the Army, achieving the rank of Captain and earned the Expert Soldier Badge and Air Assault Wings. You can learn more about this VBE spotlight here . NaVOBA then celebrated the 2024 Minority Veteran's Business Enterprise ® of the Year: Robert Swain, CEO of Swain Enterprises. Established in 2020, Swain Enterprises specializes in federal projects, including restoration and renovations for military bases, federal facilities, and hospitals in the Virginia, Maryland, and Washington, DC areas. Swain Enterprises is committed to providing the highest level of service to government, commercial, educational, and institutional clients. The key to the success of Swain Enterprises has been a focus on integrity, hard work, and strong relationships. From the outset, the company has committed to delivering high-quality work and exceeding client expectations. As a fully veteran-owned business, Swain Enterprises is dedicated to empowering veterans and creating opportunities for those moving from military to civilian careers. You can read more about NaVOBA's 2024 Minority Veteran's Business Enterprise of the Year here .
By Events NaVOBA 23 Oct, 2024
Jewel Sanitary Napkins LLC
By Events NaVOBA 23 Oct, 2024
Swain Enterprises LLC
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