Did you know that nationally, 66% of businesses are owned by the baby boomer generation, with 85% of the businesses having no succession plans? As a result, many businesses could be closed, sold or relocated, leading to significant job and tax revenue loss. The trend however, presents a unique opportunity to transition businesses to employee ownership, thereby preserving jobs, keeping businesses local and creating ownership opportunities in communities of color.
In an effort to inform partners and develop strategies to capture this opportunity, Nexus Community Partners, the Center for Urban and Regional Affairs (CURA) and Oakland, CA based Project Equity will host a Funder Briefing on Wednesday, October 12th from 10:00 am to 12:00 PM in the Wellstone Center, located at 179 Robie Street East, St. Paul, MN 55107,
The funder briefing will present efforts underway nationally, and local data prepared by CURA that highlights the potential impact and opportunities for Hennepin and Ramsey Counties.
Please consider attending the briefing. It promises to be a lively and informative conversation. For more information or to RSVP, please contact Elena Gaarder, Program Officer, firstname.lastname@example.org.
Repa Mekha – President & CEO