SARANAC LAKE - With the Baby Boomer generation on the verge of retirement, it's expected that many businesses in the Adirondack region can liquidate and disappear in the near future. Some refer to it as the "silver tsunami." As we approach that time, many businesses and organizations are looking to keep business districts vibrant and save them from a slew of empty storefronts.
A solution is transitioning owners. Long-standing businesses will go under new management but still provide generally the same services and products.
One group that wants to help facilitate transitions is the Adirondack North Country Association, a nonprofit, that has been working to bolster North Country economies and sustainability for the past 63 years.
ANCA is in the midst of launching its new program, the Center for Businesses in Transition, which will help local practices shift from one ownership to the next whether it's to a private entrepreneur, a family member or a group of employees.
Read the full article in the Lake Placid News.