While employment reports are showing signs of improvement, there is no question that protecting and creating jobs continues to be top of mind for federal and state governments.
In the heartland of America, one state has taken action to help avert a threat to jobs on Main Street—the growing numbers of baby boomer business owners beginning to transition into retirement.
In Iowa, as in most states across the nation, retiring business owners are often forced to sell because most of their net worth is tied up in the business. If the business is sold to an out-of-state buyer—which isn't uncommon—local jobs can be lost because those buyers may not have reasons to stay in the community.
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