promote and encourage the formation of new Employee Stock Ownership Program

ESOPs have a clear track record of creating wealth, encouraging entrepreneurial

attitudes, and increasing productivity. The key to retaining Indiana jobs is increasing

Productivity. As Treasurer Mourdock has often said, "one of the best reasons to help

Indiana companies become employee-owned is that no  group of employee-owners have

ever, ever, ever, ever moved their company to Mexico or China!"

In order for the IEI to achieve its goals, Treasurer Mourdock is providing a $50 million

investment  through a "linked-deposit" program to assist Indiana banks in funding ESOP

Treasurer Mourdock is also announcing that Credit Suisse, who is managing the $155

million Indiana Investment Fund on behalf of Indiana's Public Employees' Retirement

Fund & Indiana Teacher's Retirement Fund targeted for investment in Indiana, will

consider on a case by case basis the purchasing of equity in an Indiana company for the

purpose of completing an ESOP transaction.   

In addition, Treasurer Mourdock has assembled an "ESOP toolbox" of resources and

information for business owners and employees wanting to learn more about ESOPs and

professional organizations that can assist with their creation. The ESOP toolbox will

continually be updated with new information as it becomes available to IEI.