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Building Legacies: Retaining Jobs and Creating Wealth Through Worker Ownership
Grid Insight
Ohio's Succession Wave: 94,000 Boomer-Owned Firms
Quick Summary
Building Legacies, a 2021 report from the Ohio Worker Ownership Network, finds that baby boomers own 54% of Ohio's private businesses. That is about 94,000 firms and 2.6 million jobs. About 80% of owners have no formal succession plan, and Building Legacies urges the state and local governments to back worker ownership.
Who Benefits From This Most
- Owners planning a sale: see why selling to employees keeps a business local.
- Local officials: follow the recommended state and local steps.
- Employee ownership advisors: cite Ohio succession figures.
- Intent
- Advocacy and future policy
- Exit Relevance
- ESOPWorker Coop
- Level
- Beginner
- Category
- Research & reports
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Open in new tabSource:oeockent.org
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Nov 2026Ashish Agrawal+25/−72•
Zolid AI
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