More than 5 million U.S. businesses owned by baby boomers are likely to change hands over the next 10 to 15 years. As baby boomer business owners retire and want to sell, there is a unique opportunity for a massive transition of privately-held companies to employee ownership, said Marjorie Kelly, senior fellow and executive vice president of the Democracy Collaborative. This could be a win-win-win situation for workers, local economies and the retiring owners of these companies.
Read more: How to Build an Inclusive Economy Through Employee Ownership
