There’s probably a lot that you know about beer and the brewing process. And there’s probably a lot that you don’t know about the people behind what it takes to create some of your favorite liquid. Here at Mass. Bay we’re proud to say that we’re Employee Owned. So what does that ACTUALLY mean? We tend to brush over it when we’re talking about the details, but in fact, those details are pretty important.
In short, when a company becomes employee owned it means that every person who works full-time at Mass. Bay owns a piece of the company without having to invest their own money to purchase stock. Our Employee Stock Ownership Plan (ESOP) was established in July of 2014, when rather than joining the crowd that every week seemed to be selling out to industrial brewers or private equity, we decided to double-down on remaining independent. Each year, additional shares get allocated to individual ESOP accounts based on repayment of the loan we had to take out to make all this happen. So what does that mean for us?
Is this your business?
Claim listing is the best way to manage and protect your business.