Cooperative Development Institute

NPQ – Nonprofit Takes Leadership Role to Address Business Succession “Tsunami”

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From NPQ: Here at NPQ, we have noted that a business ownership succession wave—often called the “silver tsunami”—is rising. According to the nonprofit Project Equity, nationally “baby boomers own 2.34 million businesses, employ 24.7 million people, and have combined annual sales of $5.14 trillion.” Sadly, 80 percent of these businesses lack succession plans. Slowly, awareness of the looming crisis is […]

Mariposa Gardening & Design – Berkeley, CA

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Industry: Landscaping Location: California Number of employees: 10 Became employee owned: 2018 Assistance: Sustainable Economies Law Center, Project Equity Learn more Pacific Horticulture – Growing a Giving Business (2017) Democracy Collaborative – Converting Businesses to Worker Cooperatives – Lessons from the Real World (video, 2015)   Employee Owned Small Businesses in Landscaping Employee Owned Small […]

California Solar – Grass Valley, CA

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Industry: Solar Location: California Number of employees: 80 Became employee owned: in process Assistance: Project Equity Learn more Project Equity – California Solar: Lars’ Story Briar Patch – Cal Solar Employees Explore Becoming Worker-Owned Co-op   Employee Owned Small Businesses in Solar Employee Owned Small Businesses in California Employee Owned Small Businesses Assisted by Project […]

New Jersey

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

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Read full article at 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 […]

Center for Community Based Enterprise

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

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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 […]

Center for Community Based Enterprise

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

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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 […]