An Act establishing the Office of Employee Ownership within the Department of Community and Economic Development; establishing the Main Street Employee Ownership Grant Program; and providing technical and financial assistance to employee-owned enterprises.

This bill creates a new Office of Employee Ownership within Pennsylvania's Department of Community and Economic Development to support businesses where employees hold ownership stakes. The office will be led by a governor-appointed advocate who is responsible for educating business owners, identifying barriers to employee ownership, and collecting data on these enterprises. Additionally, the legislation establishes a grant program that provides technical and financial assistance to help employee-owned groups develop or improve their operations. Local agencies such as municipalities and certified economic development organizations will administer these funds to eligible businesses across the state.