Community Futures Succession Planning and Matching Program available to Rural Businesses
ROCKY VIEW COUNTY, AB (August 27, 2020) – Community Futures Centre West and Community Futures Wild Rose has partnered with 6 additional Community Futures offices throughout Alberta to provide a Succession Planning and Matching Program to rural businesses beginning September 17, 2020.
The project has been made possible by the Rural Opportunities Fund, which is supported by Western Economic Diversification Canada (WD). The Rural Opportunities Fund supports community economic development projects and business retention initiatives, including community resiliency projects and business retention initiatives such as succession planning for small business owners.
The Succession Matching and Planning (SMP) Project will address the need for succession planning and education resources within our rural business communities. To accomplish this, we have partnered with SuccessionMatching, the Alberta Business Family Institute, and Commercial Ventures to deliver a series of workshops and access to resources.
The Program will provide for-profit and not for profit businesses access to training and resources to prepare their business with a succession plan. There is a variety of options and training to choose from to assist in family, employee, or outside buyer succession plans.
Businesses currently up for sale and needing additional supports to attract a buyer can participate in the matching program offered by SuccessionMatching. Sellers can obtain a coupon valued at $2,000 to list their business for sale with SuccessionMatching a cost of $25. Businesses obtaining a code must participate in the SuccessionMatching Training sessions.
“CF Wild Rose partnered in this initiative to assist businesses that are prepared to sell or were selling their business prior to COVID-19. To build and maintain sustainable, healthy rural communities we rely on strong businesses to provide employment opportunities. Succession planning is an integral piece for businesses to prepare and begin thinking long term about the future of their business for the next generation. Whether your plan is to succession to a family member, employee, or attracting new investment to the region, we have made available a variety of resources for businesses to consider”, says Community Futures Wild Rose Economic Development Leader, Wendy Gerbrandt.
Our goal through this initiative is to raise awareness and educate business owners and their ‘circle of influence’ such as bank personnel, realtors, municipal government employees, and community stakeholders and to provide access to resources through our project vendors. We endeavor to see businesses successfully transition to new owners, ensuring those businesses remain a vital part of our local economies.
Registration is now open to rural entrepreneurs who are preparing a succession plan and/or require access to support to help sell their business. Information and Workshop Registration on the Succession Planning and Matching project can be found at:
Community Futures Wild Rose
Address: 101, 331 – 3 Avenue, Strathmore, AB T1P 1K5
email: firstname.lastname@example.org phone: 403-934-8888 www.wildrose.albertacf.com
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