Legacy Business: Our opportunity to build wealth, economy, and culture

National Urban League, Democracy at Work Institute and Citi Community Development

This new report from the National Urban League, the Democracy at Work Institute, and Citi Community Development discusses converting businesses to employee ownership as a critical strategy to sustain and scale black-owned or operated firms. Drawing from survey results and stakeholder convenings, the report highlights shared challenges and opportunities and found that an estimated 284,000 business owners of color are nearing retirement and that employee ownership conversion could help address challenges around access to capital and succession.

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