Workers to Owners: The Story of A Child’s Place

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The Employee Ownership Solution to the Silver Tsunami

From Beneficial State Bank: Linda and Gregory Coles founded their preschool, A Child’s Place, in their Queens, NY basement in 1983. Over the years it grew steadily and developed a deeply loyal community. Now they own a large building, employ more than 50 people and serve hundreds of families. Former students bring their own kids to […]

Nonprofits Shift Baby Boomer Businesses to Worker Ownership in Bid for Community Sustainability

From Nonprofit Quarterly: At NPQ, we have written about the growing prominence of employee ownership, but mostly from the perspective of the value of preserving businesses and jobs in the community. Still, these community benefits will only be realized if business owners agree to sell to their employees. So, what would drive a business owner to do […]

Why an Increasing Number of Retiring Entrepreneurs Are Selling the Business to Their Employees

From Entrepreneur: Baby boomers own about half of all privately-held companies with employees in the United States. The 2.4 million business owners who belong to this aging demographic (one-third of whom have already passed 65) will need to develop sound and sensible exit strategies. As they look to the future, there is an elegant solution […]

Californian City Looks To Keep Its Factories

From Forbes: Project Equity approached Kline and the City of Fremont with a plan to both understand the threat they faced with ageing business owners and also to help get the word out that there that employee ownership could be a viable succession plan for them. “We talk to a lot of businesses to try […]

Can the Wave of Baby Boomer Entrepreneur Retirements Create a Surge of Worker-Owned Businesses

From Fast Company: If you work at a textile or furniture factory in Western North Carolina, you probably don’t belong to a union; the region usually ranks as the least unionized part of the United States. But a growing number of companies in the area, which includes the city of Asheville and smaller Appalachian towns, […]

Silver Tsunami: Retirements put boomer-owned firms at risk but worker ownership can help

From the Detroit Free Press: We’ve known for a long time that baby boomers are hitting retirement age. Those retirements will drain from the workforce a vast amount of skills and experience. But the loss to the workforce may go beyond the loss of the boomers themselves. Since a huge number of privately held companies […]

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