Inštitut za ekonomsko demokracijo

Berkeley’s policy for ownership continuation

“Only 15 percent of businesses pass on to the second generation, and according to one leading business broker, only 20 percent of the businesses they list ever sell. These trends exist against the backdrop of the Silver Tsunami — the baby boomer business owner retirement wave, which Project Equity estimates has 2.34 million small business employers on the cusp of retirement. For cities and towns, the consolidation or closure of so many local businesses could have huge negative effects on their local economies — or it could present an opportunity to grow broad-based ownership.”

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