All County Objectives

# 98

Employee Ownership

Withdrawn due to delays related to the COVID pandemic. In partnership with SBDC and Santa Cruz Community Ventures, WDB staff met with multiple business owners interested in this strategy and developed protocols. WDB worked with several businesses over the time period, but could not finalize any transitions.
By June 2021, Human Services will avert closures and layoffs of two small businesses due to retirement through the transition of ownership to employees.

Key Steps

1 2 3 4
Develop a new protocol to support retiring small business owners to transition ownerships. Adopt a new Small Business Development Association (SBDA) protocol. Provide training and coaching to retiring owners and potential new owners through the SBDA. Assess impact and enhance program as needed.
Plan Reference: Collaborating Depts:
Baseline: Progress:
5.B.i, 5.C.i OED 2 Businesses 0 -1% (0)