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.
• Follow CBIT on Facebook and YouTube to learn about our programs, workshops and more.
• View our Transitioning Your North Country Business Guidebook
• Contact us for more information, resources, events and more at [email protected] 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.
Featured Story
New Owners Take the Helm
In 2018, St. Regis Canoe Outfitters owners Dave and Rivka Cilley reached out to ANCA and the Saranac Lake Area Chamber of Commerce (SLACC) about a new program designed to help North Country small businesses transition to the next generation of owners. Over the course of five years, ANCA’s Center for Businesses in Transition (CBIT) would help connect the Cilleys with the right buyer, as well as a team of local providers and technical services to support them through the transition process. In July 2023, the Cilleys passed the paddle to Maeghan Farnham and Steve Cerri — two experienced and...
Read More