This article mentions a dry cleaning business that had to be closed and jobs were lost. The initiative would have provided up to $10,000 in incentives to convert it to an Employee Stock Ownership Plan (ESOP). For such a small business, even a $10,000 incentive may not have made an ESOP feasible. A better choice may have been converting it to a Worker Cooperative or an Employee Ownership Trust both of which are less heavily regulated and therefore easier and less costly to set up and…