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.
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.
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.
Read our 3-year case study to learn more about our impact.
Community Liaisons
- Franklin County Economic Development Corporation, Jeremy Evans
- Hamilton County Economic Development, Christy Wilt and RaChelle Martz
- Lewis County Economic Development, Jenna Lauraine
- LivingADK, Dan Kieferbach and Steve Schanely
- St. Lawrence County Chamber of Commerce, Ben Dixon and Laura Pearson
- Saranac Lake Area Chamber of Commerce, Rachel Karp
- Ticonderoga Area Chamber of Commerce, Matthew Courtright and Erin Mullen
- Greater Watertown-North Country Chamber of Commerce, Kayla Perry
Lead Partners
- Adirondack Economic Development Corp. (AEDC), Stephanie Donaldson and Russ Kinyon
- Adirondack Park Agency Economic Services, Dan Kelleher
- Essex County Industrial Development Agency, Carol Calabrese
- SUNY Canton Small Business Development Center
- Ti-Alliance
- Watertown Small Business Development Center
The Adirondack North Country Center for Businesses in Transition is coordinated by the Adirondack North Country Association (ANCA). For more information about the project, please visit https://adirondack.org/businesses-in-transition
The program is made possible through the financial support of National Grid Project C and the Northern Border Regional Commission.