succession planning Archives - Marketplace

Manhattan's Chinatown has a succession planning problem

by Kristin Schwab

Aug 12, 2024

Nearly a quarter of the neighborhood's residents are over 65. As business owners retire, the enclave could lose its cultural roots.

Small, family-run businesses play a big role in Chinatown in New York's Manhattan borough. Many people who established or inherited those businesses are nearing retirement, but not all have planned what comes next.

Charly Triballeau/AFP via Getty Images

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