As baby boomer business owners retire, our local business landscape is about to go through a dramatic shift.

Check out the new WNC study conducted by our partner organization, Project Equity. Engage with the interactive infographic to find out how your county is impacted by the potential loss of these businesses and learn how we can help.

 

Check out our latest coverage in the media

 

Asheville Citizen Times

Joe Scully, owner of Chestnut Photo courtesy of Maddy Jones / mjones@citizen-times.com, article by Emily Patrick

Joe Scully, owner of Chestnut Photo courtesy of Maddy Jones / mjones@citizen-times.com, article by Emily Patrick

What will happen to Asheville's baby boomer businesses?

In the 15 counties of Western North Carolina, nearly 60,000 people work for baby boomers who are approaching retirement age, according to the study. 

The region has a big question to answer: What will happen to baby boomer businesses and their employees when the owners retire?

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Mountain Xpress

Walter Vicente is a master stitcher, sample maker and worker-owner at the Valdese-based company Opportunity Threads. Photo courtesy of Opportunity Threads, article by Max Hunt.

Walter Vicente is a master stitcher, sample maker and worker-owner at the Valdese-based company Opportunity Threads. Photo courtesy of Opportunity Threads, article by Max Hunt.

Passing the torch:

What happens when local business owners retire?

The imminent mass retirement of baby boomers has both economic advisers and worker advocates worried about the future of small businesses in Western North Carolina and beyond. Boomers, many of whom will retire within the next decade, own roughly half of all American businesses, census data shows.

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