Financing the 'Great Ownership Transition' Through Inclusive Capitalism Mechanisms

The transition of business ownership across the United States represents one of the largest intergenerational wealth transfers in recent history. As millions of small and medium-sized businesses change hands, this “ownership transition” will shape economic mobility, capital flows, and wealth creation across communities.

The great ownership transitions will create significant opportunities for wealth generation across communities. As businesses change hands, building a coordinated market to support an inclusive wealth transition will be critical. This brief outlines key market mechanisms shaping this shift and highlights where progress is being made. The Milken Institute will continue to track these developments, assess what is working, and identify gaps where additional investment and action are needed.