# CBDC Business Valuation and Succession Planning

**Type:** Grant
**Category:** Other Programs
**Funding Amount:** Up to CAD 7,500 CAD
**Official Source:** https://www.cbdc.ca/en/programs/business-valuation-and-succession-planning

## About This Program

Funding to conduct business valuations

## Details

CBDCs in Newfoundland and Labrador have a pilot business valuation program available for commercial businesses. Professional valuators will be engaged directly by CBDCs and small businesses in rural communities to estimate the economic value of an owner's interest in a business. These valuations can be used to help businesses determine the sale price of an existing business. Succession planning and the successful transfer of businesses is an integral part of community development. CBDCs strive to ensure that existing businesses can be prepared for the transition, and potential business owners are aware of new opportunities.

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