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Busting Myths About Manufacturing

Feb 27, 2018 | Resources

In her latest article for Forbes, Trump Has Manufacturing All Wrong – And So Do The Rest Of Us, founder of Make it in LA and the host of The Art of Manufacturing podcast, Krisztina ‘Z’ Holly, busts 8 myths about American manufacturing starting with:

“The biggest risk to American Manufacturing isn’t outsourcing, it’s the Silver Tsunami.”


Holly, then, asks us to envision half of the industry shutting down in the next ten years due to lack of succession planning. She backs up her claim using Project Equity’s research finding baby boomers own almost 50 percent of privately held businesses with employees in the US, and the vast majority do not have an exit strategy.

As a tsunami of business owners retire with no successor in place a small business closure crisis seems inevitable. We need people to take over these businesses. The realization emerging is the natural successors are those that have the most at stake, the people who are already a part of the business. In addition, research shows in companies owned by the employees, median wages are a third higher and job tenure is twice as long. It’s no wonder employee ownership is catching fire and these major publications are covering our work.

Interested in learning more about our work?

Just released!

New studies in the SF Bay Area, Twin Cities, Western North CarolinaDetroit and Central Pennsylvania show millions of businesses at risk, pointing to employee ownership as a solution.

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for businesses interested in employee ownership.

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