Retaining and Transitioning Businesses in Communities

Strategies in a New Era
1. Auflage 2025
ISBN: 978-1-032-80562-7
Verlag: Routledge

Buch, Englisch, 268 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 412 g

Reihe: Community Development Research and Practice Series

This edited collection presents successful business succession planning in smaller rural communities where profit margins are low, markets are shrinking, and there are few potential buyers. Finding innovative ways to successfully transition these businesses to new owners is at the heart of community and economic development efforts if many of these communities are to thrive in the future. Chapters outline options for successfully transitioning businesses that have worked in Canada, England, and the U.S. The book explores a variety of alternative approaches to transitioning small businesses to new owners using a different ownership model. A common theme running through these approaches is that employees and/or members of the community are engaged in working with or possibly owning the business in some cases. The book's discussions are not prescriptive, recommending specific models or strategies. Instead, they provide valuable insights into viable alternatives and suggest additional resource materials. This book is essential for academics, policymakers, and practitioners working on community and economic development issues, especially in areas with aging populations.

Zielgruppe

Postgraduate and Professional Practice & Development

Autoren/Hrsg.

Walzer, Norman

Merrett, Christopher D.

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets
• Geowissenschaften Geographie | Raumplanung Regional- & Raumplanung Stadtplanung, Kommunale Planung
• Sozialwissenschaften Soziologie | Soziale Arbeit Spezielle Soziologie Soziale Ungleichheit, Armut, Rassismus
• Wirtschaftswissenschaften Betriebswirtschaft Management Unternehmensführung
• Geisteswissenschaften Architektur Städtebau, Stadtplanung (Architektur)
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensorganisation, Corporate Responsibility Kleine und Mittlere Unternehmen
• Wirtschaftswissenschaften Betriebswirtschaft Management Unternehmensorganisation & Entwicklungsstrategien
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Innen-, Bildungs- und Bevölkerungspolitik
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik
• Wirtschaftswissenschaften Volkswirtschaftslehre Regional- und Städtische Wirtschaft
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Sozialpolitik
• Sozialwissenschaften Soziologie | Soziale Arbeit Soziale Gruppen/Soziale Themen Wohnen & Obdachlosigkeit
• Geisteswissenschaften Architektur Architektur: Berufspraxis
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Unternehmensfinanzierung
• Sozialwissenschaften Soziologie | Soziale Arbeit Spezielle Soziologie Stadt- und Regionalsoziologie
• Wirtschaftswissenschaften Betriebswirtschaft Management Strategisches Management
• Interdisziplinäres Wissenschaften Wissenschaften: Allgemeines Jahrbücher, Jahresbände und Almanache
• Geisteswissenschaften Architektur Architektur: Allgemeines

Inhaltsverzeichnis

1. Retaining and Transitioning Businesses: Overview of Issues 2. On the Brink of Business Transition in the U.S.: Trends, Challenges, and Opportunities 3. Traditional Business Succession Planning: Effectiveness, Limitations, and Innovative Practices 4. Employee Ownership in Succession Planning 5. Using an Employee Stock Ownership Plan for Business Transition 6. Utilizing Purpose Trusts for Rural Succession and Community Resilience 7. Employee Ownership Trusts in the U.K. 8. Retaining Businesses Using Community-Supported Enterprises 9. Creating Rural Worker Cooperatives in Iowa 10. Buying Private Businesses in a Single Vertical: A New Approach to Rural Investment 11. Capital-Driven Business Succession: Main Street Approach

Über Autor(innen)

Norman Walzer is professor of economics emeritus and founding director of the Illinois Institute for Rural Affairs, at Western Illinois University. He also is past president of the Community Development Society.

Christopher D. Merrett is dean for Innovation and Economic Development, director of the Illinois Institute for Rural Affairs, and program chair for the Master of Arts in Community and Economic Development at Western Illinois University.