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News

A longtime Bellingham business is leaving something of value to workers – ownership

From the Bellingham Herald (pdf): When Rick Dubrow and Cindi Landreth began pondering passing their business on to someone else, they were not excited about selling it to strangers. They feel much better turning it over to the people who have created much of the wealth in the business. In July A-1 Builders Inc. will officially […]

Retirement of Boomer Business Owners Could Leave Millions Jobless – Unless Workers Take Over

From In These Times (pdf): The federal government estimates that more than 10,000 baby boomers retire every day—4 million people every year. Between them, soon-to-retire boomers own 2.34 million businesses, with nearly 25 million employees. Boomer-owned businesses generate $949 billion in payroll, and $5.14 trillion in sales. Yet the vast majority of boomer business owners lack a written […]

Employee Ownership Could be Answer to Exit of Baby Boomer Owners

From the Minnesota StarTribune (pdf): The deal-making crowd is understandably excited about the fees to be earned in helping baby boomers sell their businesses on their way into retirement. None of the business brokers and bankers appear to have yet pointed out what the nonprofit group Nexus Community Partners has been saying, that this big […]

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