ESOP
Employee Stock Ownership Plan
The founder, Jim Votaw, had a entrepreneurial spirit and it was passed on to his sons; Dan, Mike and Tom. Votaw Electric has always encouraged its employees to take pride and ownership in their work. In January 2010, Votaw Electric took a step further, by implementing an ESOP (Employee Stock Ownership Plan) for their employees, through service and commitment, have a personal relationship with their company.
Employees understand that their actions can have a direct effect on the success of the company, and thereby take ownership in their job and are motivated to work to enhance the company’s performance and customer relationships. Along with providing an additional retirement benefit for each employee.
In 2021, Votaw Electric became 100% employee owned through an Employee Stock Ownership Plan (ESOP).