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Succession Connect Information Session - Fredericton Chamber of Commerce

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50 Crowther Lane

Fredericton, NB E3C 0J1

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Are you interested in selling your business?

Are you a newcomer interested in purchasing a business?

Are you a lawyer, banker, accountant or other business professional who helps with business transitions? Or do you have interaction with newcomers interested in purchasing a business?

Then this workshop is for you!


We welcome you to join us on September 6th, starting at 8:30am at Planet Hatch in Knowledge Park to become acquainted with a newly launched innovative pilot program funded by ACOA, GNB, the City of Fredericton and corporate sponsorship.

Succession Connect was developed in response to two major challenges facing New Brunswick.

1. Aging population - Critical need for population growth through immigration into New Brunswick

2. Aging business owner demographic with high numbers expected to be exiting their businesses at higher rates than we have been seeing in the past. With the baby boomers retiring they are faced with the challenges of their business succession and just where and how they will locate a buyer or investors to pass it off to.

Our objective is to support the economic maintenance and growth in New Brunswick by connecting current business owners with incoming immigrant investors who are seeking viable turn-key business opportunities that will allow them to fulfill the agreements they have made with the Province of New Brunswick and the Federal Government of Canada in regard to their acceptance into the country as permanent residents.

We are currently in year one of our three year pilot and this year has been focused on the build of program, creating our brand, developing our program outlines, succession training sessions and getting to know service providers in the area that work with businesses and are aware that the owner is preparing to sell

Important to note that we are not in any way acting as brokers, realators, agents or advisors. Our role is simply to support the introductions of our immigrant investment clients with owners who either have their business on the market, are planning to sell in the near future or are simply looking at this point at succession information. We feel that the best resource in getting our information to the selling public is through their accountants, bankers and lawyers.

We are working diligently to maintain a high level of confidentiality and have retained a local legal firm who have drafted non-liability and non-disclosure agreements which we have our clients sign as we begin working with them.

We can tell you that this program is the first of its kind in Canada and we are thrilled to be the "pioneers" of immigrant business support programs. The Fredericton Chamber of Commerce has been working alongside the Population Growth Division - Government of New Brunswick for eight years by housing, building and directing three uniquely individual programs for immigrant investors.

The Business Immigrant Mentorship Program - Pilot launched Fredericton 2009 - Now offerd in five centers in New Brunswick and borrowed by Alberta and British Columbia

Hive Incubator Program - Incubation offices available for immigrant busienss developers - Launched 2014 - Offered in five centers across New Brunswick

Succession Connect - Launched 2016 - Pilot - Federal, Provincial and Municipal funding agreement - New Pilot offered in Fredericton region only.

We hope you will be able to join us for more information.

Should you have any questions please feel free to contact us at anytime.

Thank you,

Janet Moser

Director

506 - 451-9745

janetm@frederictonchamber.ca

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50 Crowther Lane

Fredericton, NB E3C 0J1

Canada

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