Chancellor Malatras and New York State Small Business Development Center (SBDC) Interim Director Tammy Morrow Joint Statement on Ward Lumber Transitioning Ownership to Employees with Help of SUNY Canton SBDC

April 29, 2021

"Ward Lumber has been a North Country community staple for more than a century. We are immensely proud that our SUNY Canton Small Business Development Center pinpointed a problem and then worked closely with Ward Lumber to secure down payment capital to transition ownership to employees, save more than 50 jobs, and ensure that a 130-year-old business would remain intact. We are grateful for the Cooperative Development Institute (CDI) and the Adirondack North Country Association, which both partnered with the SUNY Canton SBDC to execute this historic transition—the first employee-ownership transition of its kind ever in the North Country region. SUNY operates 22 Small Business Development Centers across New York State that have helped thousands of small businesses secure funding to stay afloat and reinvent themselves during an incredibly tumultuous year. This is yet another example of the concrete impact they have on communities every day."

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The State University of New York is the largest comprehensive system of higher education in the United States, and more than 95 percent of all New Yorkers live within 30 miles of any one of SUNY’s 64 colleges and universities. Across the system, SUNY has four academic health centers, five hospitals, four medical schools, two dental schools, the state’s only college of optometry, and manages one US Department of Energy National Laboratory. As of Fall 2019, more than 415,500 students were enrolled in a degree-granting program at a SUNY campus. In total, SUNY serves about 1.3 million students in credit-bearing courses and programs, continuing education, and community outreach programs. SUNY oversees nearly a quarter of academic research in New York. Research expenditures system-wide exceeded $1.7 billion in fiscal year 2019, including significant contributions from students and faculty. There are three million SUNY alumni worldwide, and one in three New Yorkers with a college degree is a SUNY alum. To learn more about how SUNY creates opportunity, visit suny.edu.


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