Intervening with Aging Owners to Save Industrial Jobs: A Study Update

Timothy O. Imeokparia, Ph.D., AICP
Jackson C. Morsey, AICP

This report presents the results of an update to a 1989 study titled “Intervening with aging owners to save industrial jobs” that assessed “the feasibility of retaining manufacturing jobs in Chicago by matching aging company owners who need successors with qualified minority and female entrepreneurs as buyers.” Similar to the previous report, the present study involves a national survey of literature and practice and an assessment of the successorship needs and plans of aging manufacturing entrepreneurs in Chicago. However, it extends the succession analysis of family-owned manufacturing small and medium enterprises (SMEs) to Cook County and its collar counties (Cook, DuPage, Kane, Lake, McHenry, and Will).

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