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Soon-to-retire Baby Boomers In Western North Carolina Own ½ Of All Privately-held Businesses
Transitioning to employee-owned companies offers tangible solution to region's "silver tsunami"
By: Project Equity
"It has been in the face economic loss that we asked 'how can we bring WORK back differently?
Project Equity, a nonprofit that fosters local economic resiliency, compiled the data as part of a broader national data presentation to educate the workforce and small business communities about the coming "silver tsunami" of businesses at risk of closure or consolidation. "This data reveals how local businesses in WNC could be affected; it's clear that not only will employees be impacted but so too will industries,"
The data presentation aims to make the business ownership changeover tactile and shows over 12,000 privately-
"Looking at the manufacturing data, it is clear that growing more employee-owned businesses is a viable solution, if not a crucial one," says Franzi Charen, co-founder of The Industrial Commons. The Industrial Commons points to the region's once thriving textile industry and cities that within Western North Carolina, the heritage industry resurgence is underway. "The opportunity to create employment through employee-owned businesses will harness industry knowledge and expertise while increasing access to locally-rooted wealth" Charen added.
Page Updated Last on: May 02, 2017