MAIN STREET EMPLOYEE OWNERSHIP ACT
Small businesses are at the heart of vibrant, healthy communities, and worker co-op conversions are an emerging strategy to strengthen and preserve those businesses nationwide. As a generation of baby boomer small business owners nears retirement, half of the nation’s privately-held businesses are at risk of buyout or closure. By increasing access to financing and technical assistance from the U.S. Small Business Administration, the Main Street Employee Ownership Act creates viable retirement opportunities for entrepreneurs that keep small businesses intact, creates new small business owners, and retains jobs in the local community.