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North Country Center for Businesses in Transition

 

Without a transition plan in place, many of our region's businesses are in danger of closing, depriving their communities of employers as well as the vibrancy that helps our towns and villages thrive.

- Kate Fish, Executive Director, ANCA 

What is the Center for Businesses in Transition?

The Adirondack North Country Center for Businesses in Transition addresses the loss of area businesses by providing matchmaking services with potential buyers, access to planning tools and connection with existing services.

The Center is a dynamic partnership between regional organizations and individuals invested in the retention of local businesses and the future of our communities. The goal is to help owners sell their businesses on the open market, complete intergenerational family transitions or convert to an employee-owned or cooperative model.

 

Contact Us if...

You are a business owner looking to retire or transfer ownership and you need assistance:

  • Navigating available resources
  • Finding suitable successors
  • Accessing capital

Or if you are an aspiring entrepreneur looking to:

  • Purchase an existing business
  • Start on a new career path leading to business ownership
  • Find out more about employee ownership models and opportunities


       

Where is the Center Located?

Although we call it a Center, it is not housed in one location. The Center is staffed with a full-time coordinator at ANCA's central office & part-time outreach liaisons throughout the region dedicated to increasing the number of successful transitions.

Community Outreach Liaisons are on the road, using technology & collaborating with other organizations to bring assistance to communities across northern NY.  These individuals have been chosen for their understanding of area business and involvement in their communities. They share co-working space with chambers & economic development agencies throughout the region; ensuring the sharing of resources, information & objectives. The Center’s community liaisons include the following regional representatives:

 

 

 

 

 

 

 

 


Mike Besaw
St. Lawrence County Chamber of Commerce

Matthew Courtright 
Ticonderoga Area Chamber of Commerce

Brittany Davis
Lewis County Industrial Development Agency (IDA)

Russ Kinyon
Franklin County Local Development Corporation and County of Franklin IDA

Kelsey O’Shea
Cornell Cooperative Extension and the North Country Regional Ag Team

Christy Wilt and RaChelle Martz
Hamilton County Economic Development & Tourism and Hamilton County IDA

Lead Partners:

Business Advisors
SUNY Canton SBDC at Clinton Community College

Carol Calabrese
Essex County Industrial Development Agency 

 

Interested in Joining the Partnership?

CBIT Community Liaison Applications for 2020 now being accepted  

Do you represent a chamber of commerce, educational institution, partnership or economic development organization who would like to become more involved in the Center for Businesses in Transition Partnership? Applications for 2020 Community Liaisons are due on Friday, November 22nd by 4pm.

Click Here to Access the RFP

Press and Communications:

Regional Press Coverage
Official Press Releases 
What's Up North Blog 

Additional Resources: 

More than 10,000 businesses in the Adirondack North Country are owned by Baby Boomers looking to retire over the next several years in the so-called “silver tsunami.”  It is more than likely that most of these business owners do not have a transition plan. Nationally, while more than 1/2 of small business owners expect to retire in the next 10 years, fewer than 15% have an exit plan in place - despite the fact that 78% of small business owners intend to sell their businesses to fund retirement.

Those looking to create a plan, retire or transfer ownership have difficulty:

Finding suitable successors
Accessing capital
Navigating available resources

Many businesses are unfamiliar with solutions such as employee ownership, particularly in the form of worker cooperatives.  Worker Cooperatives provide a means through which a business may be transferred to individuals who are already invested in its success, keeping the business and jobs local.

ANCA & a network of public, private & nonprofit partners has establish the North Country Center for Businesses in Transition. No comprehensive program existed in our region to provide infrastructure & fill these gaps... until now.

Available North Country Opportunities

Some of partners also maintain public business listings and commercial opportunities on their websites:

Hamilton County Business Opportunities 
Essex County Business Opportunities 

Plan for the Future:
2019 Center for Businesses in Transition Workshop Series

The Center for Businesses in Transition will host a monthly workshop series that covers topics relevant for transitioning businesses.

The free morning workshops, scheduled for  Wednesdays from 8:00 am-10:30 am from April through August, will be hosted by partner organizations throughout the region. For those who are unable to attend workshops in person, community liaisons will offer online viewing opportunities at other locations around the North Country. Workshops will also be recorded so that interested business owners will be able to view them at their convenience and as needed in the future.

We hope that you will be able to join us. 

Click here for the full details about the series and to register. 

April 3: Business Transitions: Overview
Hosted by: Ticonderoga Area Chamber of Commerce

May 8: Preparing to Sell Your Business
Hosted By: Franklin County Local Development Corporation and County of Franklin IDA

June 5: Transitioning to Worker Ownership
Hosted By: Hamilton County Economic Development & Tourism and Hamilton County IDA

July 10: Intergenerational Family Transitions, Creative Solutions and Alternative Structures
Hosted By: St. Lawrence County Chamber of Commerce

August 21: Entrepreneurs: Taking over an Existing Business
Hosted By: Lewis County Industrial Development Agency (IDA)

In the year ahead, the Center will also be sponsoring additional programming which will be developed by regional partners and include half-day workshops on business valuation, farm transitions and other topics related to business transitions and succession planning. 

Sponsored events include:

Why It's Prime Time to Own a Business: SUNY Canton SBDC at Clinton Community College
Wednesday, March 20, 2019 from 5:30 PM to 7:00 PM (Ticonderoga) & Wednesday, March 27, 2019 from 5:30 PM to 7:00 PM (Lake Placid)

Buying or Selling a Business: What's it Worth?: SUNY Canton SBDC at Clinton Community College
Cost: $10 per person: Wednesday, April 10 9:00 AM to 12:00 PM (Saranac Lake) & Thursday, April 11 9:00 AM to 12:00 PM (Plattsburgh)

Farm Transition Series: Cornell Cooperative Extension 
Free! Each session will be offered live at two locations and available online after the session. 

Local Businesses: Local Success Stories

Read about businesses in your backyard who have successfully transitioned to new ownership. 

Advocacy:
The Main Street Employee Partnership Act

The Center for Businesses in Transition will benefit greatly from bipartisan legislation recently announced by Senator Kirsten Gillibrand (D- NY) at ANCA’s Saranac Lake office. The Main Street Employee Ownership Act will improve access to capital and supply technical assistance to businesses seeking this type of transition. Focus on employee ownership is growing nationally, as data shows these types of businesses pay their employees more, are more productive and supply greater stability.

Contact:

For more information about this initiative contact Jacob Vennie-Vollrath or Danielle Delaini at transitions@adirondack.org or (518) 891-6200.