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Growing And Preserving Jobs By Transitioning To Employee Ownership

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New York State loses approximately 60,500 jobs a year when small businesses with fewer than 100 employees close their doors for good. While many businesses close because of rising rents or failed business plans, in New York State we estimate that 3,700 businesses close each year simply because of the owner's retirement. As a result 13,260 New Yorkers lose their jobs annually.

Agency
Subject
Report type
  • Report
Date published
  • 2017-05-17