Recent Successful North Country Business Transitions

January, 2021

After a year marked by a global pandemic and severe economic challenges, there are also bright spots for North Country businesses and communities.

As the North Country Center for Businesses in Transition (CBIT) enters its third year supporting transitioning businesses, the partnership has announced the successful sale of two regional businesses to a new generation of entrepreneurs.

Over the last two years, retiring owners of Tug Hill Vineyards and Adirondack Soy Candles accessed local business support services and resources, including CBIT’s community liaison network, in order to develop business succession plans and connect with potential buyers.

“Preparing to sell a business can be intimidating,” said Jenna Kraeger, economic development specialist at Lewis County Economic Development and one of CBIT’s new community liaisons. “These stories are testament to the hard work and dedication of these business owners, their professional services team and the economic development staff who supported them through the transition process.”

Read the full article in the New York Almanack.