What Millions of Retiring Small Business Owners Could Mean for Cities
September 2018
Baby Boomers own the majority of small businesses, but only 17 percent of them have a formal exit plan for when they want to retire. When you consider that small businesses provide the vast majority of employment within low-income urban areas, there is a unique opportunity to benefit these communities by turning these workers into owners using the co-op model. Next City takes a deep dive into this issue based on a “co-op conversion” report recently issued by Capital Impact.
