- Roughly three out of four small businesses brought to market nationally never find a buyer.
- Of the businesses that do sell, the median time from listing to sale is 203 days. They close at an average of 95% of asking price.
- Massachusetts has the oldest incorporation statute for worker cooperative companies in the US. Several worker co-ops based here have been thriving for decades.
- Of only six lenders in the country that focus on loans to worker cooperatives, three are based in Massachusetts.
- Worker cooperatives proved far more resilient than conventional businesses during Covid. Only 20% lost more than half their revenue, against 28% of all small businesses.
- Massachusetts has 73,833 businesses with between five and forty-nine employees. That is the segment where conversions actually happen.
- Massachusetts has had a purchase-opportunity law for manufactured housing communities since 1986. More than 20% of those communities are now resident-owned.
Opportunity to Own
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