The “Silver Tsunami” and the Future of Indiana Business: Why You Need to Be at the First Statewide ETA Conference
This story is part of an initiative led by the Central Indiana Corporate Partnership (CICP) to highlight entrepreneurship and innovation across Indiana’s universities. Learn more about the initiative here. Indiana is standing at the edge of a massive economic shift. As the "Silver Tsunami" approaches—the wave of retiring Baby Boomer business owners, thousands of established Indiana companies will soon need new leadership. “How big of an effect this will have on Indiana is hard to predict, but what is clear is that rural areas have the most at stake. According to the U.S. Small Business Administration, so-called Main Street businesses represent 84.8% of total businesses in rural areas and 54.3% of total jobs,” stated Brian Schutt, Director of Indiana’s new Office of Entrepreneurship and Innovation in an IBJ article earlier this year. In Indiana, these businesses aren’t just numbers [...]
