Spinato’s Pizzeria, a local Valley family-owned business, will now be 49% owned by its employees through an employee stock program, allowing all positions to “have a piece of the pie.”

Employee Stock Ownership Programs are in less than 1% of businesses statewide and roughly 7000 in the United States. Spinato’s is one of about 100 restaurants in the state that offer this program, according to the National Centerfor Employee Ownership.

“This is who we are, this is what we need to preserve and protect,” said CEO Anthony Spinato.

To qualify, employees must be 21 and work 1000 hours in 12 months. This makes 1 in 3 employees owners in the business by being able to buy and sell stock of the business and share in its success. After over 50 years in business, the Spinato family will reduce its s

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