Some 24 million United States workers could be affected by the coming “silver tsunami,” which refers to business owners of the baby boomer generation retiring without a succession plan for their businesses.
Cincinnati Edition: Greater Cincinnati Business Owners Are Nearing Retirement. Will Workers Take Ownership? wvxu.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wvxu.org Daily Mail and Mail on Sunday newspapers.
Co-op Cincy's Business Legacy Fund is designed to help business owners transition their companies to employee ownership by essentially loaning employees the money they need to buy the business. Profits then help employees pay off the loans over time.