Heard on the Street: retiring baby boomer business owners, NYC’s garment district, Amazon Storefronts, and more

By September 17, 2018 Heard on the Street

Heard on the Street – here’s what we were reading last week:

What Millions of Retiring Small Business Owners Could Mean for Cities: A new report by Capital Impact Partners – Co-Op Conversions at Scale –  outlines the opportunity for workers, particularly women and communities of color, to take advantage of the opportunities created by retiring Baby Boomers who do not have formal exit plans for the businesses.

Is NYC’s garment district unraveling?: “City officials have a plan to revitalize Manhattan’s struggling Garment District. But as brands decamp to the outer boroughs or overseas, fashion may have to cede its stronghold.”

Amazon launches ‘Storefronts’ as it promotes smaller US businesses: Amazon launched a new section of its site Monday called Amazon Storefronts, which only lists products sold by nearly 20,000 small- and medium-sized businesses in the U.S.

The 10 states with the most CDFI-certified credit unions: “Since their inception, community development financial institutions have been injecting equity into low-income communities. Quite noticeably, certain portions of the United States have larger concentrations of CDFI credit unions compared with others.”