Concerned Capital is pioneering a ‘transfer of ownership’ methodology designed to benefit both buyers and sellers-owners save taxes, workers save jobs and create wealth.

Concerned Capital (CC) is a social benefit corporation dedicated to social impact investments.

CC is a nationally recognized pioneer in recycling and repurposing community based small manufacturing companies by transferring ownership to long term employees. The company is focused on saving and/or creating living wage jobs in low to moderate income communities.

CC uses a wide array of economic development tools – ranging from working capital loans, hiring tax credits as well as employee training to help small businesses grow. Our goal is always to promote community stabilization and resilience by encouraging local entrepreneurship and the local ownership of place based small businesses.

CC has demonstrated its ability to facilitate the transfer of ownership repeatedly over its history. Over 200 jobs have been saved and created using this methodology.

Connect with Us on Twitter!

Tweets by ConcernCapital

Five LA County examples are:

Woodworking by Degree

Gary Pietruszka founded a custom cabinet manufacturing and installation company with 60 employees in North Hollywood during the 70’s. His success enabled him to launch a real estate investment company the quickly took over his time and caused him to look for a purchaser of the woodworking company. With a favorable government guaranteed loan, longterm employee Eddie Bapon was able to take over the company and retail all employees.

Ariza Cheese Manufacturing

A forty year old company that 4 long-term employees took over in 2015. 24 jobs were saved. In the first 60 days of ownership monthly sales increased by 40% and 3 new employees were hired.

Southwest Mill and Lumber

Noemi L. Prado started working at Southwest Mill and Lumber, a wood molding factory manufacturing picture frame parts, at 17 working her way up to general manager. At 44, Noemi purchased the plant and rescued 50 jobs in North Hollywood by moving the company to a new location after its rented building was sold by the company owners.

De Leon Enterprises

Miguel De Leon was the General Manager for 17 years of an electronic assembly company whose owner filed bankruptcy. Miguel used an EDA loan for $ 202,500, to reopen this company and save the existing 10 jobs. He has subsequently created 13 more jobs and more than tripled annual sales.

Adcraft Business Mail

The oldest, ongoing direct mail company in LA County had 38 employees and a 45 year history when its two owners both decided to retire in one year. The business operations were managed by one owners son and the other partner did not have a family member in the company. Sale to the son and a longterm employee allowed the business to stay in LA County.

Publications

October 2015 Don’t Start up a Company: Recycle One, Fashion Mannuscript Magazine, page 46

March 2015 Get A Federal Tax Break for New Hires, Fashion Mannuscript Magazine, page 43

February 2015 Challenges of Selling a Manufacturing Company, Fashion Mannuscript Magazine, page 42

June 2013 Refashioning Apparel Business, Los Angeles Business Journal, page 43

April 2012 Moving The Needle, Los Angeles Business Journal, page 67

View All Publications →

Concerned Capital’s clients are:

Business owners looking to exit their business.

Business owners interested in selling their business to their employees or parties they have already identified.

Employee groups, local governments, and community groups seeking to avoid business shutdowns and job loss in their communities.

Learn More