{"id":4547,"date":"2018-05-09T17:05:15","date_gmt":"2018-05-09T17:05:15","guid":{"rendered":"https:\/\/www.adirondack.org\/businesses-in-transition-senator-gillibrand-and-anca-join-forces\/"},"modified":"2022-06-20T20:29:07","modified_gmt":"2022-06-20T20:29:07","slug":"businesses-in-transition-senator-gillibrand-and-anca-join-forces","status":"publish","type":"post","link":"https:\/\/www.adirondack.org\/north-blog\/businesses-in-transition-senator-gillibrand-and-anca-join-forces\/","title":{"rendered":"Businesses in Transition: Senator Gillibrand and ANCA Join Forces"},"content":{"rendered":"

There’s an invisible problem that poses a looming challenge to the North Country economy. Somewhere between 10,000 and 16,000 small business across the region are owned by Baby Boomers, and they are reaching retirement age. Most of them do not have solid plans in place for their businesses to change hands, change ownership or change ownership structures. Without plans in place, many will simply close their doors, leaving our communities short of jobs, main street businesses and the engines that help drive our local economies.<\/p>\n

On Monday, May 7, 2018, ANCA was honored to host Senator Kirsten Gillibrand (D-NY) in our office as she announced bipartisan legislation that will go a long way to addressing this issue. The proposed legislation, the Main Street Employee Ownership Act, will improve access to capital and supply technical assistance to businesses seeking to transition to employee-ownership or co-operative models.<\/p>\n

\u201cToo many hardworking New Yorkers are still struggling to get jobs that pay them enough to take care of their families and save for retirement. I am proud to announce this bipartisan bill to help companies reward work without sacrificing profit,\u201d\u00a0said\u00a0Senator Gillibrand in a press release.\u00a0\u201cEmployee-owned businesses have a strong track record of better pay and retirement benefits for workers and a commitment to creating local jobs.<\/p>\n

\"\"<\/p>\n

Photo: U.S. Senator Kirsten Gillibrand addresses members of the press and local and regional organizations at the ANCA office on May 7th.<\/em>
\nShe ann<\/em>ounced new legislation that supports employee-owned businesses.<\/em><\/p>\n

ANCA is working on a regional initiative that will complement this legislation. The Center for Businesses in Transition will assist interested retiring business owners in successfully protecting and investing in \u00a0their businesses for future generations.<\/p>\n

At Monday\u2019s event, ANCA\u2019s executive director Kate Fish described how rural North Country businesses are especially vulnerable to closure. \u201cIt\u2019s a hidden problem until you see the \u2018going out of business\u2019 sign or the \u2018closed\u2019 sign and you find out that it was somebody who \u00a0wanted to retire and couldn\u2019t find anybody to take over their business,\u201d she said. \u201cWe need to keep those businesses around and viable.\u201d<\/p>\n

The format for ANCA\u2019s new Center will be based loosely on its existing\u00a0Energy Circuit Rider program<\/a>, which uses \u201cboots on the ground\u201d field agents to connect with constituents and communities. Collaboration with other organizations is also key to the Center\u2019s work.<\/p>\n

In cooperation with legislators like Senator Gillibrand, regional partners and local business owners, we intend to leverage the tools and resources to invest in our region\u2019s businesses and hold on to the jobs and families they support.
\n\"\"<\/p>\n

Photo: Senator Gillibrand\u00a0speaks with local and regional leaders during her visit to the ANCA\u00a0office.\u00a0<\/em><\/p>\n

We plan to get the Center up and running later this year. For more information about the Center for Businesses in Transition, read\u00a0ANCA\u2019s press release<\/a>\u00a0about the program.<\/p>\n

For regional coverage on the Senator\u2019s May 7th visit, see the\u00a0Adirondack Daily Enterprise<\/a>, the\u00a0Sun Community News<\/a>\u00a0and\u00a0WAMC Northeast Public Radio<\/a>.<\/p>\n

To read more about challenges facing North Country businesses and opportunities provided by cooperative and employee-owned business models, read our March 2018 blog,\u00a0Rural Business Transitions and the New Economy<\/a>.<\/p>\n

For more information about the Center for Businesses in Transition, contact Jacob Vennie-Vollrath or Danielle Delaini at\u00a0transitions@adirondack.org<\/a>\u00a0or (518) 891-6200.<\/p>\n","protected":false},"excerpt":{"rendered":"

There’s an invisible problem that poses a looming challenge to the North Country economy. Somewhere between 10,000 and 16,000 small business across the region are owned by Baby Boomers, and they are reaching retirement age. Most of them do not have solid plans in place for their businesses to change hands, change ownership or change […]<\/p>\n","protected":false},"author":1,"featured_media":4288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-4547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-north-blog"],"acf":[],"yoast_head":"\nBusinesses in Transition: Senator Gillibrand and ANCA Join Forces - ANCA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.adirondack.org\/north-blog\/businesses-in-transition-senator-gillibrand-and-anca-join-forces\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Businesses in Transition: Senator Gillibrand and ANCA Join Forces - ANCA\" \/>\n<meta property=\"og:description\" content=\"There’s an invisible problem that poses a looming challenge to the North Country economy. 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