In 2017, Maine Coast Sea Vegetables became an employee-owned company with 100% ownership invested in an Employee Stock Ownership Plan (ESOP). An ESOP is a retirement plan that holds shares of the business for employees. Unlike a 401k, our ESOP requires no out-of-pocket contribution; the number of shares an employee owns is determined by the length of time they work with us. The value of those shares is determined by the health of the business. This empowers everyone working at Maine Coast Sea Vegetables to become a shareholder owner with a stake in success.
As a result, we are highly invested in you! Maine Coast Sea Vegetables was founded on trust and through forming long-term relationships with our customers, partners, and the environment where our seaweed grows. We continue to nurture those relationships through a slow-growth philosophy that prioritizes sustainable harvesting, processing, and distribution over short term gain.
Outreach Team members at the Maine Seaweed Fair July 2019