Sullivan Tire and Auto Service introduced a brand new Employee Stock Ownership Plan that may flip over possession of the 68-year-old, family-owned firm to its staff.
This means the corporate will likely be 100% owned by its almost 1,500 staff if the deal goes by way of.
“We are honored and proud that the future of Sullivan Tire will be shepherded by the people who have all played a role in helping us accomplish the brand recognition that is prevalent throughout New England,” mentioned Paul Sullivan. “When Bob and Mary Sullivan started the company, they decided that respecting our employees and their families was going to be a key foundation of Sullivan Tire; this ESOP will carry on that belief.”
Sullivan Tire and Auto Service in headquartered in Norwell.
Loan forgiveness clinic
Attorney General Andrea Campbell and Mayor Michelle Wu will host a Public Service Loan Forgiveness (PSLF) clinic at Boston City Hall on Monday.
The clinic begins at 10 a.m. in City Hall in Boston. Borrowers will likely be helped by the AG’s Student Loan Assistance Unit.
Ellis Early Learning honors state rep
Ellis Early Learning raised over $630,000 to assist its nonprofit mission and honored two champions of early childhood schooling, state Rep. Aaron Michlewitz and Eastern Bank Foundation President & CEO Nancy Huntington Stager, throughout its annual profit occasion held Nov. 2 in Boston’s South End.
The Ellis group honored Michlewitz, a Boston native who has represented the third Suffolk District since 2009, for leveraging his management position as a pressure for good in early childhood schooling.
Source: www.bostonherald.com”