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Published on May 4, 2018
A Yard and a Half Landscaping employees bought the business from a retiring founder. Now it’s a thriving worker cooperative in Boston.
One in three small business owners will retire in the next fifteen years. This story, one of three stories in a campaign from the Democracy at Work Institute, illustrate how employee buyouts can save local small businesses and help employees build assets. This strategy is particularly meaningful in communities of color and low- and moderate-income communities where asset ownership levels are well below average and legacy businesses may be more fragile than they appear.