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Border States created the “Employee Stock Ownership Plan" (ESOP) in 1984. Under this plan, active employees own 100 percent of company stock. Border States is one of the 100 largest private ESOP companies in America and one of the few ESOP companies headquartered in North Dakota.
Employee-ownership is a significant part of our culture, and our success stems from the dedication of our employee-owners. We practice open-book management and our employee-owners are empowered with clearly defined levels of authority to be innovative and decisive, allowing us to respond quickly to the needs of our customers.
Employee-owners understand their roles in the success of the company which drives the focus on exceeding our customers’ expectations. Not all customers are the same and each has specific requirements. Our employee-owners understand these diverse needs and have the commitment, resourcefulness, and flexibility to outperform all others, making us a supply chain solutions powerhouse.
Border States Electric Named Silver ESOP Award Winner
Border States Electric (BSE) has been named a Silver ESOP Award winner by The ESOP Association. The Silver ESOP Awards recognize companies for their work in sustaining their ESOP for 25 years or more. The ESOP Association is a national non-profit membership organization for companies with employee stock ownership plans (ESOP) and a leading voice in America for employee ownership.
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