New York SBDC Research Network

This Black History Month we had the opportunity to chat with long-time entrepreneur and SBDC client John Parker, owner of D. Parker & Sons. In 1978, John took over the construction business started by his grandfather in 1911. John's energy and pioneering spirit are a tribute to his business philosophy of keeping things simple and knowing when to bob and weave, Joe Louis style.  Shortly after incorporating D. Parker & Sons in 1978, the business successfully applied for Minority-owned Business Enterprise (MBE) Certification. John’s eldest daughter Hillary worked on D. Parker & Sons' certifications for NYC contracts during this time and the firm successfully won many high-profile projects. John’s advice to other Minority/Women-owned Businesses: “Certification is a great way to earn money in the state and government procurement process. It is to your advantage.” “John Parker has been a Stony Brook SBDC client since 2018 which has allowed me the opportunity to support hi...

      I n the spirit of new year's resolutions, I wanted to share a couple of articles on being a leader for your business. These items are about the need for leadership and what that means. Many people don't consider their leadership style; they either inherit a method or randomly strike out without a plan. Organizations often randomly develop a cobbled together method that is predominantly reactionary. We admire companies that have a well-developed set of goals and philosophy but don't sit down to translate values into an approach for ourselves. Putting out fires is necessary but equipping your business with a value system that can be flexible and respects all involved ensures that employees and partners are equipped to handle the inevitable challenges that arise. Like any other skill, leadership skills can be developed. Organizing people toward a shared goal may seem like herding cats but most people want to do better. Seizing on that impulse is key and can be encourag...

The Business Formation Statistics (BFS) provide timely data about early-stage business formations at the national, regional, and state level. The BFS use data from the Internal Revenue Service's Employer Identification Number Applications (Form SS-4) to create time series on the number of business applications filed. These data can enhance the ability of researchers, policymakers, analysts, and businesses to assess recent national and local trends in business formation, monitor the state of entrepreneurial activity, and anticipate and respond to shifts in economic conditions. Visualizations

Annual Report on the State of Small Business Empire State Development 2019 Annual Report on the State of Small Businesses In accordance with section 134 of the NYS Economic Development Law, Empire State Development (ESD) is required to compile an annual report on the state of small businesses, particularly businesses with less than 25 employees which are often referred to as “microbusinesses.” Please note that the data provided in this report are the most recent available. The data includes such topics as:  Growth & Economic Trends of Small Businesses Employment and Economic Data of Small Businesses in New York State Programs to Improve Small Business Growth in NYS Employment in New York State Small Businesses with 0 - 19 Employees, By Industry (4th Quarter 2017*)  Improving the Business Climate State & Local Business Regulations

 Much has been learned about what we need to work, and what we need to have meaningful collaboration under the pall of COVID-19. Many of us would like to think that what we've learned will not be lost. Just about every industry has had to make adjustments to how they conduct business. Time will tell what sticks as we (hopefully) normalize in the next few years. I've read with interest the predictions of how we will work in the face of "old heads" who know one "correct" way to do business. The standards of how we run businesses and how we act in that mode are dyed-in-the-wool and not easily turned. Silicon Valley took a left turn away from traditional work styles in the 90s and yet it had little effect on staid business environments. At least where I've worked, there was no chance of bringing one's dog to work. But now, now we have been forced to use technology that had been present all along but not used fully if at all. We've had to grin and bea...

Following on from efforts in 2020 to highlight Black-owned companies already doing business on Amazon.com, Amazon has launched the Black Business Accelerator Program . They are partnering with organizations like the Department of Commerce Minority Business Development Agency and US Black Chambers, Inc. to reach Black business owners. According to the Amazon website, the benefits are: Financial Assistance A $500 credit for businesses getting started on Amazon.com $400 in advertising credits to raise your profile Free imaging services for products A $10,000 grant "for selected sellers in partnership with Hello Alice , an organization dedicated to helping entrepreneurs launch and grow their businesses. Applications for these grants will open on July 1, 2021." Othe r benefit s includ e busines s educatio n and mentorshi p as wel l a s marketin g an d promotiona l support . Th e offe r i s fo r a yea r o f advisor y service s an d opportunitie s ...