– Advocates applaud a new law, the National Defense Authorization Act, which directs the U.S. Small Business Administration to help retiring owners sell their businesses to their employees through a worker cooperative or as an Employee Stock Ownership Plan. (YES! Magazine, 9/25)
As that wave of retirees breaks, business owners don’t have many options. Most do not have children who want to run the business, according to Joseph Blasi and Douglas Kruse, professors at the Rutgers School of Management and Labor Relations. Studies show that many will simply close up shop, with their employees losing their jobs. Some may sell to a competitor such as another local company, a larger publicly traded corporation, or a private equity fund—options that also can trigger job losses.
“That makes selling their businesses to the workers who helped create all the value in the first place one of the best options available,” Blasi and Kruse wrote in The Conversation. “It not only helps secure the owner’s retirement but also leaves behind a legacy in the local community.”
– Next Tuesday, the DC Council will vote on a bill to repeal Initiative 77, which a majority of DC residents supported. (WAMU, 9/27)
PUBLIC SAFETY | D.C. Rape Crisis Center Reports Spike in Hotline Calls During Kavanaugh Saga (WCP, 9/27)
– Metro has announced that it will disband its Riders’ Advisory Council, which is one of three groups that provide feedback to the system. (WTOP, 9/28)
IMMIGRATION | Why Blocking Poor Immigrants Could Be Very Costly (Citylab, 9/25)
Social Sector Job Openings
Director of HR/Talent | Grantmakers for Effective Organizations– New!
Senior Program Associate | Exponent Philanthropy– New!
Program Coordinator | Exponent Philanthropy– New!
Director, Corporate Partnerships | Exponent Philanthropy– New!
Program Officer | The Morris & Gwendolyn Cafritz Foundation
Community Investment Fellow | Greater Washington Community Foundation
Digital Marketing Manager | Greater Washington Community Foundation
Philanthropic Relations Specialist | Guidestar USA
Program Associate for Strategy, Equity, and Research | Eugene & Agnes E. Meyer Foundation
Communications Associate, Design and Web | Flamboyan Foundation
Communications Manager, Content and Digital | Flamboyan Foundation
Grants Manager | Loudoun Abused Women’s Shelter (LAWS)
Chief Development Officer | EveryMind
Director of Development | DC Bar Foundation– New!
Institutional Fundraising Coordinator | Shakespeare Theatre Company
Development Manager | Grantmakers for Effective Organizations
Vice-President for Development and Communications | Coalition for Nonprofit Housing and Economic Development (CNHED)
Development Manager | Leadership Greater Washington
Senior Managing Director, Finance & Operations | Flamboyan Foundation/
Institutional Giving Associate | Brady Campaign & Center to Prevent Gun Violence
Director, Institutional Giving | Brady Campaign & Center to Prevent Gun Violence
Major Gifts Officer | L’Arche Greater Washington D.C.
Manager of Program & Evaluation Services | BoardSource
Programs Officer | DC Bar Foundation
Executive Vice President, Development and Communications | Northern Virginia Family Service
Director, Corporate and Foundation Relations | Northern Virginia Family Service
Adult Education Specialist | BoardSource
Senior Director, Evaluation and Learning | Flamboyan Foundation
Major Gifts Officer | Food & Friends
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