New Data Reveals Twin Crises from Silver Tsunami and COVID-19 in Minnesota
Share Article MINNEAPOLIS (PRWEB) May 13, 2021 Today, the Minnesota Center for Employee Ownership (MNCEO) released new data that reveals twin crises from the Silver Tsunami coupled with COVID-19 for businesses across Minnesota. Developed by Project Equity, the study shows that approximately 50% of all job-creating businesses in Minnesota (53,000) are owned by baby boomers. It is estimated that 60% of these businesses plan to transfer ownership in the next decade and COVID-19 has accelerated this timeline for many. The study results are presented on a county by county basis at mnceo.org/employee-ownership-101#crises.