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2009 Annual Report

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2009 Annual Report ANREP-0210 NewYork State Small Business Development Center State University Plaza, 22 Corporate Woods Albany, NY 12246 (Toll-Free) 800-732-7232 518-443-5398 www.nyssbdc.org Finding Opportunities Likewise, business advisors helped business and the industry in which it A Diverse Clientele Within Challenges those with growth and expansion operates. NYS SBDC-assisted businesses are opportunities to evaluate the potential 2009 was a challenging year for The SBDC program also emphasizes exceptionally diverse, including high- and the cost, plan for the long-term, business, and by extension, a services for people with special tech manufacturers, pizza parlors, and take action. In this way, the challenging year for the New York needs, including veterans, members software developers, artists and SBDC is helping to rebuild the small State Small Business Development of the Guard and Reserve and crafters, physicians, clothing business community, and through it Center (NYS SBDC). Finding individuals serving in the armed designers, inventors of devices, and the local and State economy, one opportunities within those challenges forces; ethnic minorities and new others representing innumerable business at a time. is the cornerstone of what the SBDC immigrant communities; disabled industry niches. The ability to assist represents – giving hope to business The SBDC works to cultivate New individuals; women business owners; owners of this range of businesses is owners and entrepreneurs with York’s economy by promoting the small exporters and manufacturers; testimony to the range of expertise adversity standing between them and formation and stability of businesses. businesses and individuals in among SBDC center directors and their dreams. The NYS SBDC has It nurtures sound business practices economically distressed areas of New business advisors. assisted hundreds of thousands of among small business entrepreneurs York; and technology-based Among the businesses assisted by the small to medium-sized businesses by focusing on innovation, businesses. One of the SBDC’s top SBDC are a landmark hotel; gourmet with high quality, pro bono, productivity, quality, efficiency, priorities is helping businesses food creators; a mine selling tons of During its nine years of operations, Christina Steel, confidential business counseling, finance, marketing, exporting, cost- achieve improved productivity and Gust Freeman was referred by his bank to the rock salt to New York and Inc. has worked on such large-scale projects as training and business research. SBDC benefit analysis, and technology profitability in New York’s 21st Binghamton University SBDC to discuss the neighboring states; innumerable RPI’s Performing Arts Center, the GE Healthcare business professionals have been innovations. The SBDC helps New century innovation economy. purchase of Heatall, Inc. a retail seller of outdoor restaurants and eclectic cafes; a Digital X-Ray facility in North Greenbush, and the helping small businesses for 25 years. Yorkers with entrepreneurial dreams wood furnaces. With the growing trend of home- Golub Corporation’s new headquarters in The SBDC core mission is to assist manufacturer of armor plating for owners searching for lower cost fuel alternatives, build and grow strong, stable Schenectady. “We’re really thrilled we got our foot The NYS SBDC program reached small business owners, and those Humvees; a family farm converting the business has expanded to become one of the businesses to anchor economically in the door,” said Christina.” Christina Audi, owner several milestones this past year. planning to go into business, with the cow manure to electricity; a research largest wood furnace companies in upstate New healthy business communities that and full-time manager of Christina Steel, started the Since the program was established in help they need to be successful. firm developing human blood York. Gust developed an interest in the business structural steel erection company in 1999 when she support the State economy. when he purchased his own wood furnace four 1984, the SBDC has worked with SBDC business advisors do not replacement for critical care; a world- and her husband, George, a union ironworker, years earlier and installed it himself. When Gust Any resident of New York that wants supply the business decisions or decided to go into business together. She met with more than 301,300 citizens in this famous designer of women’s clothing; found out that the previous owner was looking to an SBDC Business Advisor for help with starting state. It has helped them locate more to start a business – or stabilize and judgments; rather, they provide a New York harbor tugboat; and a retire, he and his wife Yvonne decided the time was and her new venture. In 2000, she returned to the than $4 billion to start or expand their expand an existing business – can education and tools so that owners company that monitors driver’s right to take a chance on owning the business. Se SBDC for help with a business plan and Vnancial businesses, and create or save more make an appointment with an can make their own informed licenses to help keep dangerous Freeman’s belief in the business and the product statements to access capital from a local Minority than 140,000 jobs. experienced business advisor at any business decisions. drivers off our roads. made this the perfect opportunity for them. and Women Businesses Enterprise revolving loan SBDC regional office. He or she can Business Advisor Steve Amell was able to structure fund. With Business Advisor MaY Staccone’s help, In 2009, small and medium-sized As illustrated by its client success The NYS SBDC recognizes a proposal that made sense to the Freemans, the find an SBDC office by calling a toll- the Audi’s accessed a $25,000 line of credit to businesses in New York endured the stories, the SBDC has been helping outstanding small businesses in a bank and the seller by restructuring the purchase free number or visiting the SBDC stabilize cash Wow and take on additional business. continuing economic crisis. For some, small business owners achieve their variety of ways. There are 23 stories in order to make the deal “bankable.” Se website: www.nyssbdc.org. Potential opportunity came together in August with the Se company participated in the Albany SBDC’s the turbulence of the marketplace goals since 1984. In addition to printed in this report, one from each Minority Contractor Bonding Initiative in 2008. clients can request counseling via the purchase. Plans are underway to resolve zoning brought hardships and challenges; for tangible measurements of success, the of the regional centers. The SBDC Recently, the Vrm was awarded a contract with website and the service centers issues associated with a relocation of the business to others, it presented opportunities. The SBDC provides its clients with presents Entrepreneur of the Year GlobalFoundries (AMD) to erect 1,800 tons of throughout the State offer flexible a site where they hope to be able to build a new SBDC assisted businesses in both support, guidance, and nurturing awards to a select group of business steel for the company’s new chip fabrication plant options for meeting with advisors. showroom, office space and warehouse facility. in Saratoga County. Se contract represents a situations. SBDC business advisors every step of the way. The SBDC owners at its annual awards dinner in Sey hope to begin construction in the spring and Clients receive personalized, signiVcant portion of the company’s projected $3 helped struggling business owners goal is to provide whatever assistance May. In addition, a committee of be in their new site by June. “None of this could confidential, and free business million revenue for 2010. Christina Steel’s evaluate their current situation, plan New York residents need to achieve directors and business advisors selects have happened without Steve Amell and the counseling and moderately priced SBDC.” Freeman said. GlobalFoundries project will employ between 25 strategically, and take steps toward a business success, regardless of the “the best of the best” for inclusion in and 35 union workers over a two-month period, training, and focused, accurate, and productive and profitable future. challenges they face. the Small Business Hall of Fame. As Audi said. Se job involves erecting the steel for the timely research related to his or her central utilities building, an ancillary structure to the 800,000-square-foot primary facility. 2 3 of 2008, 41 exceptional businesses needed help. They were instrumental “My advisor was very helpful. I had identify technology options that best have been named to the Hall of Fame. in making our business successful another business and was switching to suit the client’s needs, and help through tough economic times.” a new one. I came in with a specific analyze the factors in decision- The SBDC prioritizes assistance for set of questions and she helped me making to ensure that the client manufacturers, exporters, companies We are going to implement our plans with all of them. I ended up referring arrives at the best decision. They do in economically distressed areas of with the help of our SBDC advisor. some other people to her.” not endorse the purchase of goods or New York, and projects that advance She has been very informative and services from any one individual or the job development, investment, and supportive. She exhibits foresight, “This service was very helpful from firm. In the same way, if the business economic growth priorities of New understanding, and intelligence in a several perspectives. It helped me advisor recommends that the client York State. In addition to the pleasant, motivating way. We look make choices based on my individual retain legal, business accounting, or aforementioned, the SBDC forward to your and her continued needs and also helped me find ways business insurance assistance—and emphasizes business assistance support in making our business a long to determine if full-time private almost every business requires these programs for women, minorities, and term success, and navigating in these practice was financially feasible.
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