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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.

This page is focused on the development and administration of the program, 

If you are a... 

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

Please visit:

http://ownanorthcountrybusiness.com/
 

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:

 

Community Liaisons

Cornell Cooperative Ext. North Country Regional Ag Team, Kelsey O’Shea

Franklin County Industrial Development Agency, Russ Kinyon 

Hamilton County Economic Development, Christy Wilt and Rachelle Martz

Lewis County Economic Development, Brittany Davis

St. Lawrence County Chamber of Commerce, Mike Besaw 

Saranac Lake Area Chamber of Commerce, Patrick Murphy *

Ticonderoga Area Chamber of Commerce, Matthew Courtright and Erin Mullen

Greater Watertown-North Country Chamber of Commerce, Kylie Peck *

2020 Lead Partners 

Adirondack Economic Development Corp. (AEDC), Victoria Duley and Stephanie Donaldson*

Adirondack Park Agency Economic Services, Dan Kelleher

Essex County Industrial Development Agency, Carol Calabrese

SUNY Canton SBDC at Clinton Community College, Angela Smith

 *New as of January 1, 2020

 

 

Press and Communications:

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

Interested in becoming a 2021 CBIT Liaison? 

Do you represent a chamber of commerce, educational institution, partnership or economic development organization and would like to become more involved in the Center for Businesses in Transition partnership? 

The Center is currently accepting applications for Community Liaisons to serve from January to June of 2021.

 Applications are due by Tuesday, December 15, 2020.


 

Additional Information: 

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. The program is made possible through the financial support of the Northern Border Regional Commission

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 Danielle Delaini at transitions@adirondack.org or (518) 891-6200.

For more information, contact:

Danielle Delaini, Business Transition Program Coordinator
ddelaini@adirondack.org
518-891-6200