Support for North Country Business Owners
The Center for Businesses in Transition partnership provides support free of charge to qualifying Adirondack North Country business owners. Supports include:
• Matchmaking services with potential buyers
• Access to planning tools
• Connections with low- and no-cost services, including the Seller’s Working Group
Submit an inquiry form to get started with CBIT.
After completing the inquiry form, you will be:
• Contacted by a member of the CBIT team who will interview you about your future plans and needs.
• Added to a mailing list to receive notifications about relevant events & workshops
• Presented with recommendations for next steps. Often this will be connecting you with experts in the region who can work with you to realize your goals.
• Added to an online directory of available businesses in the North Country (Dependent upon your goals)
• Supported by the CBIT team as needed throughout your process.
What CBIT doesn’t do:
• Act as your lawyer, banker, financial consultant, mortgage broker, etc. But we do help you build your team and learn about what questions to ask.
• Provide business valuations and/or build business plans for you. But we can provide templates and resources for you to get started before you meet with other professionals.
What else you should know before getting started:
• Building a smooth and successful transition plan takes an average of 3-5 years
• Regardless of the type of transition, you would like to plan (even family transitions), the transition process often costs a minimum of 3K in fees and services. These expenses likely come from your accountant, lawyer, and other members of your transition team.
• View CBIT’s Transitioning Your North Country Business Guidebook for more information and tips
Contact us at transitions@adirondack.org or (518) 891-6200, and we’ll connect you with a liaison or partner who can assist you with your business transition needs.
* CBIT was established by ANCA in 2018 with grant funding from the Northern Regional Border Commission and has been partially funded by grants from the United States Department of Agriculture’s Rural Community Development Initiative and National Grid.