CDFA // BNY Mellon Development Finance Webcast Series
Emerging Financing Approaches to Keeping Companies Locally Owned
October 23, 2018 @ 1:00 PM Eastern
With the silver tsunami of retiring baby boom entrepreneurs, our local business landscape is poised to go through a dramatic shift as owners of 2.3 million businesses plan to sell over the next decade. They provide 48 percent of all jobs in the U.S. Yet few owners have transition plans and many are at risk of closing. Rather than losing what has been built, helping these firms transition to employee ownership is a way to keep companies locally owned over the long run and retain good jobs. During this installment of the CDFA // BNY Mellon Webcast Series, we will hear about how economic development leaders are beginning to incorporate employee ownership into their work; the potential large scale possible with a concerted effort to transition firms to employee ownership; and how development finance helped one group of employee-owned firms in Cleveland get stared with federal and local funding.
Rena Nakashima, Moderator
Senior Product Manager
The Bank of New York Mellon
Democracy at Work Institute
Beyster Institute - University of California, San Diego
City of Cleveland, Economic Development
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All previous webcasts in the CDFA // BNY Mellon Development Finance Webcast Series have been archived in the CDFA Online Resource Database. CDFA Members receive full access to the entire library.
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