Small Business Succession Readiness Support Program
The Small Business Succession Readiness Support Program is a dedicated initiative with a primary goal of bolstering business retention and expansion within the vibrant Flagstaff Region. The Small Business Succession Readiness Support Program offers comprehensive and tailored support designed to facilitate successful small business succession.
- Expert Succession Planning Assistance
- Precise Business Valuation
- Strategic Business Matchmaking
- Empowering Training and Education
- Invaluable Financing and Funding Guidance
- Trustworthy Legal and Regulatory Support
- Strategic Marketing and Promotion
- Access to Essential Resources and Tools
Our Commitment: to providing the expertise and resources needed to ensure a smooth and successful transition for businesses and individuals involved in the small business succession process within the Flagstaff Region.
The Small Business Succession Readiness Support Program consists of 6 interconnected phases with distinct budgets.
The Small Business Succession Readiness Support Program has been created to support the Flagstaff Region in its desire to achieve the ultimate outcome of:
Fostering a thriving and sustainable small business community in the Flagstaff Region. By facilitating successful business transitions, the program aims to ensure the long-term viability of businesses, economic growth, and the preservation of local entrepreneurial spirit, thereby contributing to the region’s overall prosperity and stability.
Through the delivery of the Small Business Succession Readiness Support Program, Flagstaff County seeks to accomplish the following:
1.) Business Continuity: Ensure the smooth transition of businesses, preserving their legacy and contributing to the ongoing economic vitality of the region.
2.) Economic Growth: Support local entrepreneurship and economic development by facilitating the transfer of businesses to new owners and fostering new entrepreneurial opportunities.
3.) Community Stability: Maintain a stable business environment, prevent job loss, and bolster community resilience by securing the future of existing businesses.
4.) Skill and Knowledge Transfer: Facilitate the transfer of skills, knowledge, and expertise from seasoned business owners to the next generation of entrepreneurs.
Agriculture Succession Readiness Support Program
The Agriculture Succession Readiness Support Program is a dedicated initiative with a primary goal of fortifying the agricultural sector within the rich and diverse landscapes of the Flagstaff Region. This program offers a comprehensive and tailored approach to facilitate successful agricultural business succession.
- Expert Succession Planning Assistance: Receive guidance from experienced professionals to develop effective succession plans tailored to the unique challenges and opportunities in the agricultural sector.
- Precise Farm Valuation: Accurate valuation services to determine the fair market value of farms, ensuring a transparent and equitable transition process.
- Strategic Farm Business Matchmaking: Connect with potential successors or find suitable farms for those looking to enter the agricultural industry, promoting a seamless transition of ownership.
- Empowering Training and Education: Access specialized training programs and educational resources to empower the next generation of farmers with the skills and knowledge essential for successful farm management.
- Invaluable Financing and Funding Guidance: Navigate the complexities of financial planning with expert guidance on securing funding, grants, and loans to support a smooth transition of agricultural businesses.
- Trustworthy Legal and Regulatory Support: Ensure compliance with agricultural regulations and legal requirements, providing a solid foundation for a secure and legally sound succession process.
- Strategic Marketing and Promotion: Assistance in developing marketing strategies to promote agricultural businesses, enhancing visibility, and attracting potential successors or partners.
- Access to Essential Resources and Tools: Connect with a network of resources and tools essential for efficient farm operations, fostering sustainability and growth.
Our Commitment: We are committed to providing the expertise and resources needed to ensure a smooth and successful transition for agricultural businesses and individuals within the Flagstaff Region.
Ultimate Outcome: The Agriculture Succession Readiness Support Program aims to achieve the following outcomes:
- Sustainable Agricultural Community: Foster a thriving and sustainable agricultural community in the Flagstaff Region by facilitating successful transitions and preserving the legacy of family farms.
- Economic Development: Support local agriculture entrepreneurship and economic development by ensuring the seamless transfer of farms to new owners and encouraging new agricultural opportunities.
- Community Resilience: Maintain a stable agricultural environment, prevent job loss, and enhance community resilience by securing the future of existing farms.
- Knowledge Transfer: Facilitate the transfer of valuable agricultural skills, knowledge, and expertise from seasoned farmers to the next generation, ensuring the continued success of the agricultural sector in the region.
For more information on how the Business Support Program can help support your business, please contact Shaina Dunn – Economic Development Coordinator at 780-384-4151 or email sdunn@flagstaff.ab.ca.