The Manitoba government is making it easier for entrepreneurs in the province to retire by helping them to transfer their businesses to new owners.
The Manitoba Business Succession Resource Centre will help retiring business owners continue to drive the province’s economy by ensuring their businesses live on under new ownership when they leave the workforce.
“Throughout Manitoba, baby boomers who own small and medium-sized business are approaching retirement and want to ensure the future success of their operations,” Premier Greg Selinger said.
The province estimates that about 40 percent of small- and medium-sized business owners plan to retire in the next five years.
The resource centre will showcase resources and business information specific to business succession including offering workshops, seminars and guides, business counselling services and access to industry professionals.