We’re successful because of our employees and we wanted to share that success in a tangible way. That is why we chose an Employee Stock Ownership Plan (ESOP).
We surprised our employees with the great news this morning!
The ESOP makes us the first employee-owned grocery store. It offers our employees an opportunity to be rewarded for their hard work and shows our commitment to our loyal customers. As employee owners, they can build toward their retirement savings. It also keeps the store locally owned.
Assistant Manager, Joe Anzaldo said, “The owners could have sold this company many times, but they are committed to each employee. This is a true gift.“
Congratulations! We love Newport Mkt because you guys care and it just really shows!!!