Center for Businesses in Transition
What is the Center for Businesses in Transition?
The Adirondack North Country Center for Businesses in Transition (CBIT) addresses the loss of area businesses by providing matchmaking services with potential buyers, access to planning tools and connection with existing services.
CBIT 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.
CBIT serves business owners looking to retire or transfer ownership and aspiring entrepreneurs looking to purchase a business or learn about business ownership opportunities in the North Country. We are eager to connect you with the tools, resources, opportunities and professionals to help you reach your goals.
Where is CBIT located?
Although we call it a Center, CBIT is not located in one place. CBIT is staffed with a full-time coordinator at ANCA’s central office and part-time outreach liaisons throughout the region dedicated to increasing the number of successful business transitions.
Engage with CBIT
• Read CBIT’s 2018-2023 Five-Year Case Study for impacts and success stories from our small business community.
• Check out ANCA’s Events page for upcoming learning and networking opportunities with CBIT and ANCA’s Small Business Team.
• Contact us for more information, resources, events and more at firstname.lastname@example.org or (518) 891-6200.
* CBIT was established by ANCA in 2018 with grant funding from the Northern Regional Border Commission and has since been supported by funding from the USDA Rural Community Development Initiative, National Grid’s Project C, Franklin County Government Office of Economic Development, Adirondack Foundation and local business sponsors.
Meet Our Team
CBIT community liaisons and partners are equipped to connect you with the tools, resources and networks to support you through the business transition process.
Selling a Business
The Center for Businesses in Transition partnership provides support free of charge to qualifying North Country business owners.
Buying a Business
CBIT provides matchmaking support and technical services to individuals interested in taking over a small business in the North Country.
A Tale of Two Transitions
The relationship between Adirondack Fragrance & Flavor Farm and ANCA goes way back — to 1986 when founder and owner Sandy Maine participated in ANCA’s inaugural Adirondack Buyer Days trade show. She was in the early stages of her soapmaking career, and ANCA’s annual gift show provided her with wholesaling experience and connections that would help her grow her markets and build her business. Sandy has since attended all but a handful of our 37 Adirondack Buyer Days shows. Fast forward to 2019, when Sandy began thinking more intentionally about the future of the business she had nurtured for decades....Read More