Impending Silver Tsunami a threat to job security

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From Crain’s Detroit: As highlighted by the excellent article “Robots” in the Aug. 28 issue of Crain’s Detroit Business, automation is indeed ending whole categories of jobs at a much faster rate than ever. But there’s an additional, largely ignored threat to job security nationwide: 2.34 million private businesses in the U.S. are owned by […]

How to get more women, minorities to own manufacturing firms

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From Crain’s Chicago: As many as 2,000 small local manufacturing firms could be up for sale in the next decade. Four local nonprofits want minority and female entrepreneurs to buy them. The Chicago Ownership Conversion Project aims to correct a “demographic crisis” in manufacturing by finding African-American, Hispanic and female buyers, as well as employee-led […]

Worker co-op bill being heard in Senate, could this model work for Benny’s? (CDI)

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From RIFuture.org: The Rhode Island Senate calendar for Tuesday features legislation that makes it easier to create and run worker-owned cooperatives.  The bill is “a statutory vehicle for the creation and functioning of workers’ cooperatives which are corporations that are owned and democratically governed by their members.” Read more RIFuture.org – Worker co-op bill being heard […]

Baby Boomer Owned Businesses in Transition

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From the Central New York Business Journal (pdf): With more than 50 percent of all businesses with employees currently in ownership hands of the Baby Boomer Generation, our society is poised to experience on of the greatest transfers of capital ever.  In New York State alone that translates to 181,370 businesses employing 1.6 million people… […]

For Retiring Business Owners, Worker-Owners Can Carry the Torch

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From the International Economic Development Council (pdf): For the busy owners of small businesses, short-term pressures often take precedence over long-term planning. That’s why many business owners lack a succession plan to ensure that the enterprise will continue when they’re ready to step down. The stakes are especially high when the firm is a community […]