The State University of New York announced that the New York Small Business Development Center (New York SBDC) provided direct support to more than 24,000 small business clients across the state in 2022, affirming the organization’s stature as one of the state’s leading programs for entrepreneurs and economic development.
Full 2022 Annual Report is Available Here.
Administered by SUNY and primarily funded by the U.S. Small Business Administration, the work of New York’s 22 regional SBDC in 2022 resulted in over $475 million in financial impact, 2,000 new business starts, and more than 10,000 jobs created or saved.
“NYSBDC is a vital organization that truly is a lifeline for small businesses and the customers and communities they support, “said SUNY Chancellor John B. King, Jr. “SUNY is committed to economic development and upward mobility across the state. Hand-in-hand with the NYSBDC, SUNY showcases how networks of learning and entrepreneurship can fuel the future of business and the new world of work while creating a pipeline of support by educating the next generation of workers.”
NY Senator and Chair of the Commerce, Economic Development, and Small Businesses Committee, Sean M. Ryan said, “Small businesses are the backbone of our state. That’s why we work every day in the Senate to develop policies that support the companies that drive New York’s economy. For years, our state universities have been incredible vehicles for promoting economic growth. NYSBDC is one of the most impactful programs among SUNY’s many contributions to statewide economic development and job creation, and I commend them for the important work they continue to do for our state.”
NY Assemblymember and Chair of the Commerce, Economic Development, and Small Businesses Committee Harry B. Bronson said, “As Chair of the Assembly’s Committee on Economic Development, Job Creation, Commerce and Industry, I am proud to recognize and congratulate the NYSBDC for their work supporting over 24,000 small businesses in 2022. NYSBDC is a vital resource to new entrepreneurs and established small business alike, as well as being critical to our state’s workforce and economic outcomes. Small businesses are the backbone of our economy, and foster community resiliency, equity, and diversity. NYSBDC’s endeavors have enabled thousands of entrepreneurs to actualize their dreams of successful business ownership. I will work hard to ensure NYSBDC continues to receive the funds they deserve to serve small businesses throughout out state in the future.”
Sonya Smith, SUNY State Director of the New York Small Business Development Centers, said, “Through our unique partnership with SUNY, CUNY, and our other host institutions, we’re uniting one of the nation’s most powerful academic networks with one of the state’s most powerful business ecosystems at the NYSBDC. The dedication and backing SUNY and our other host institutions provide to our program are instrumental in enabling us to create economic opportunities through advising our clients, fostering education, and conducting research to build data-based solutions.”
Richard Uhlig, CEO, Quadrant Biosciences said, “As a result of the funding facilitated by the Binghamton SBDC, the majority of Quadrant’s employees in New York State were retained (43 jobs saved); further, since August, we’ve added six new employees.”
Noel Goddard, CEO, Qunnect said, “The SBDC sponsored SBIR/STTR Grant Writing workshop with Sharon Ballard provided our staff with valuable insights to prepare our winning grant proposals. Also, working with our Business Advisor Bob Harrison as Coach during the Pre-Seed Boot Camp enabled us to transition our thinking from the technical product development mindset towards our value proposition and market fit.”
Michael Bower, President, Eagle Metalcraft said, “I couldn’t have done it without the Onondaga SBDC & Mark [SBDC Advisor Mark Pitonzo]. They helped me with the business valuation, creation of a business plan and construction of financial projections for external funding.”
NYSBDC additionally served more than 17,500 individuals through a series of more than 500 webinars and workshops addressing various topics for entrepreneurs, including grant access, business plan writing, and taxes. The webinars assist in attaining professional development and certification goals and help to ensure both advisors, NYSBDC clients, and the broader public have the necessary skills to tackle the challenges of business ownership.
In 2022, NYSBDC served an incredibly diverse group of clients with 47% being women, 40% from minority groups, 15% from rural areas, 6% veterans, and 2% individuals with disabilities. The NYSBDC’s commitment to fostering diverse representation is embodied in its tailored programming, developed through insights garnered directly from its on-the-ground business advisory network and the power of its long-standing NYSBDC Research Network.
About the New York Small Business Development Center
The New York SBDC works closely with other state economic development agencies, faculty, and students at host institutions, as well as representatives from private industry and business to focus resources on assisting small businesses and entrepreneurs. The SBDC emphasizes counseling and training services to women, veterans, people with special needs, and minority clients.
Their work also includes connecting potential employers with job placement offices on SUNY campuses. This effort links SUNY students and alumni to jobs in the community.
The New York SBDC’s full-time professional business advisors undergo rigorous professional certification to keep their business knowledge up-to-the-minute and their counseling skills sharp. Their efforts are augmented by the New York SBDC Research Network—one of the most advanced business information resources in the country. The Research Network, located in Albany, New York, provides New York SBDC business advisors with the latest economic, demographic, regulatory, and other data that can have an impact on small business success.
Established in 1984, the New York SBDC has worked with more than 519,000 businesses, helping them invest $7.5 billion in the state economy and create more than 240,000 jobs. Please find a local SBDC at nysbdc.org.
Facebook Comments