Michael Darger has spent the last 25 years at the University of Minnesota, the last 21 of which has been focused on Business Retention & Expansion, and lately Business Succession and Transition (BST). In this episode of ShovelTalk, Michael shares insights from their original research on what business owners care about when making a transition and who they are having transition conversations with.
He shares recommendations on how economic developers can become part of these conversations and help keep businesses within their local communities.
Additional, free resources are available through the University of Minnesota.