SeniorsPlus program to look at cooperative business ownership

LEWISTON — SeniorsPlus will host a workshop on converting a business into an employee-owned cooperative from 2 to 4 p.m. Tuesday, Oct. 3, at SeniorsPlus, 8 Falcon Road.
As baby boomer business owners look toward retirement, converting to employee ownership may provide the best chance to sustain the business, according to a news release from the Cooperative Development Institute.

The release said that cooperative business ownership is more attractive and makes financing more achievable for many younger people, because employee-owned businesses are more productive, more resilient, promote entrepreneurship and help people build wealth through ownership.
Business Ownership Solutions is a program of the institute, and is working to promote and perfect cooperative ownership development. The group organizes education and technical assistance, incorporation, deal structure and creative financing for such ventures.
The Oct. 3 presentation will explain the development strategy and share success stories.
For more information, or to register, call SeniorsPlus at 207-795-4010.