Redtire
RedTire is an economic development service that connects qualified alumni from any college or university with business owners seeking to retire, thereby sustaining the economic well-being of Midwestern communities. With over 900 jobs saved and 100 successful businesses assisted, RedTire plays a crucial role in facilitating smooth transitions and preserving essential services in local areas.
Through valuation assessments and experiential learning opportunities for intern analysts, RedTire has generated significant proceeds for sellers, totaling approximately $62.9 million from business sales along with potential real estate earnings. The organization embodies a commitment to maintaining community businesses and fostering intergenerational entrepreneurship in the region.
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