Your Partner in Growing Your Community

Educational Webinar: Small Business Closure Crisis

23 Closure Crisis Webinar GraphicPlease join us on Tuesday, January 24th from 11:30 a.m. to 12:30 p.m. for a Zoom Webinar.

Session

The term “Silver Tsunami" is associated with the potential loss of local companies owned by baby boomers in the next few years as these owners move into their retirement years. Some 80,000 small businesses are owned by individuals that will be retiring in the upcoming years which will significantly contribute to the Small Business Closure Crises.

Unfortunately, the vast majority of these business owners haven't planned for their exit from the company. This lack of planning can result in the businesses shuttering or being sold off to companies outside the local community. Many rural communities have a high concentration of aging business owners, which indicates that there is a high risk of losing those local companies. Exit planning is essential.

Departing business owners could explore an employee ownership exit strategy, which is a reliable option that could assure security for employees and their families. You as an economic developer can drive the change by being more knowledgeable about this exit option.

Roy Messing, Director of State Center Operations, Employee Ownership Expansion Network

Thanking Our Sponsors

Freshwater LogoPeter Bottini and Jeff Matzen are Partners at Fresh Water Ventures, a medium-sized equity investment firm that specializes in owning, operating, and growing companies in Michigan and NW Indiana. Since late 2019, they have purchased and manage 4 businesses. Fresh Water Ventures provides “transition capital,” mentoring the next generation of management while protecting the profitability and legacy of the previous owner. You can learn more at www.freshwater.ventures.

Cost

MEDA Members: $30
You must be logged in to receive the member discount. If you do not know your user ID and password, contact us at 517-241-0011 or This email address is being protected from spambots. You need JavaScript enabled to view it..

Webinar Subscribers: $0 via subscriber discount code
Staff of organizations that are webinar subscribers can register for webinars for free using their organization's subscriber discount code. To become a Webinar Subscriber or to view a current list of subscribing organizations, click here. If you do not know your organization's subscriber discount code, contact us at 517-241-0011 or This email address is being protected from spambots. You need JavaScript enabled to view it..

Non-Members/Non-Subscribers: $45
You simply register without logging in or applying a code. If you are interested in the discounts mentioned above, see Join MEDA contact us at 517-241-0011 or This email address is being protected from spambots. You need JavaScript enabled to view it..

Recertification Credits

This event has been approved for (.5) continuing education credit for Economic Development Finance Professional (EDFP) certification from the National Development Council (NDC). Use the form on this page to claim your credit.

Registration

  1. Payment is required at registration. If you use a subscriber discount code to pay, be sure to complete the registration process (which ends with a thank you page).
  2. You will receive a confirmation email after registering with the Zoom link. We will also send the link again about 2 days before the webinar.
  3. Please register by Monday, January 23rd at noon.
  4. We will open dial-in 15 minutes before the start of the webinar.

Cancellation Policy: You must notify This email address is being protected from spambots. You need JavaScript enabled to view it. of your cancellation 24 hours in advance of the webinar on Monday, January 23rd at 11:30 a.m. in order to receive a refund.

Corporate Sponsors

consumers-energy DTE Logo Small
michigan-economic-development-corp  

Website Sponsor

consumers-energy

Contact Us

Michigan Economic
Developers Association
P.O. Box 15096
Lansing, MI 48901-5096
PH: 517-241-0011
cjorae@medaweb.org

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