Ward Lumber – Jay, NY

Posted on

This ownership transition is in process Industry: Lumber Location: Jay, New York Number of employees: 50 Became employee owned: In transition Assistance: Cooperative Development Institute (CDI) Financing: Cooperative Fund of New England (CFNE) From the company wardlumber.com Learn more Adirondack Daily Enterprise – North Country development council unveils 11 priority projects (2019) CDI – CDI’s Business Ownership Solutions Visits […]

Adirondack North Country Association

NPQ – Nonprofit Takes Leadership Role to Address Business Succession “Tsunami”

Posted on

From NPQ: Here at NPQ, we have noted that a business ownership succession wave—often called the “silver tsunami”—is rising. According to the nonprofit Project Equity, nationally “baby boomers own 2.34 million businesses, employ 24.7 million people, and have combined annual sales of $5.14 trillion.” Sadly, 80 percent of these businesses lack succession plans. Slowly, awareness of the looming crisis is […]

Adirondack North Country Association

Press Republican – Keeping North Country businesses alive

Posted on

From the Press Republican: More than 10,000 business owners nearing retirement in the North Country, and new ones are hard to find, but the new Adirondack North Country Center for Businesses in Transition stands ready to help. The unique collaboration of regional organizations and leaders aims to support existing business owners and aspiring entrepreneurs in […]