LD 1276, An Act to Create and Sustain Jobs and Affordable Housing through Development

 

Sponsored by: Senator Cameron Reny (D-Lincoln County)

Co-sponsored by: Senators Daughtery (D-Cumberland County), Poulliot (R-Kennebec County), and Grohoski (D-Hancock County); Representatives Eaton (D-Deer Isle), Hepler (D-Woolwich), Stover (D-Boothbay). 

The bill will:

  • Preserve and grow jobs, businesses, farms and affordable housing.
  • Attract and retain more young Maine workers.
  • Strengthen local ownership and control. 
  • Promote economic and community development. 

Support for cooperative and employee ownership from across the political spectrum: 

“As they prepare for retirement, many older business owners are concerned about what will happen to the enterprise they created and nurtured with so much time and effort. Employee ownership helps to ensure that the business will continue to thrive with a loyal workforce that is literally invested in its future.”

  • Maine Senator Susan Collins

“We need to provide assistance to workers who want to purchase their own businesses. Study after study shows that when workers have an ownership stake in the businesses they work for, productivity goes up, absenteeism goes down and employees are much more satisfied with their jobs.” 

  • Vermont Senator Bernie Sanders 

Read the full text of LD 1276, An Act to Create and Sustain Jobs and Affordable Housing through Development of Cooperatives and Employee-owned Businesses, at www.legislature.maine.gov