New York SBDC Research Network

Lending commitment will support estimated 2,000 Veteran-Owned Small Businesses, Add $475 Million in Capital WASHINGTON – The U.S. Small Business Administration (SBA) has announced the SBA Veteran Pledge Initiative, a commitment by its top national, regional and community lenders to collectively increase their lending activity to veterans by five percent per year for the next five years. Oftentimes, veterans face challenges in raising capital or have trouble receiving a conventional loan. With the support of SBA’s top 20 national lending partners, and approximately 100 additional regional and community lending partners across the United States, SBA expects to assist an additional 2,000 veterans obtain loans to start or expand small businesses by increasing lending by $475 million over the next five years. This equals a five percent increase above historic veteran lending activity by the SBA. The initiative also complements SBA’s existing partnership with the National Association o

In 2011, Jason DiBenedetto and Leo Rentzis, friends with a shared vision, started Noble Wood Shavings (NWS). NWS is Central New York’s only manufacturing facility dedicated to producing the absolute best quality bedding for horses. They use an exclusive recipe of soft wood species to ensure a top quality product that is consistent, super absorbent, and rot free. The product is super-heated during the drying process to kill bacteria, fungus, and molds. Business Advisor David Lerman worked extensively with the partners to draft a solid business plan and projections. The business plan included several letters of interest from prospective customers, which proved to be key to the successful funding of the project. Locating the business in Sherrill Manufacturing Park with low cost power and overhead helped keep NWS’ operating costs competitive, as did an abundance of local low cost raw material. NWS opened for business with financing from Alliance Bank (an SBA guaranteed loan), Mohawk V

"A lot (of our business) we found out is word of mouth and repeat customers," Lynn Burkdorf said, but she's hoping participating in Herkimer County Chamber of Commerce's Small Business Week May 19-25 will draw new customers to her establishment, which opened late last year. Throughout the state and the nation, chambers of commerce and business organizations celebrate, honor and promote small businesses through small business weeks or days. During last year's Small Business Saturday - which began in 2010 and takes place the Saturday after Thanksgiving - U.S. consumers spent $5.5 billion at small businesses, American Express spokesman Scott Krugman said. He said no statistics were kept in the two prior years. Of the tens of millions of Americans familiar with the event, 67 percent planned to “shop small” last year, according to the Small Business Saturday Consumer Insights Survey. About 44 percent of those surveyed said they shopped small in 2011... At the

Graduate of Monroe Community College, Rochester Institute of Technology and St. John Fisher College, Kaye holds an A.S. degree in Computer Science, a B.S. degree in Computational Mathematics and an M.B.A. In 2011 Kaye retired from a 25-year career at Xerox Corporation where she spent several years as a senior executive in their North American Service organization. In late 2011, she and her husband Ross formed Stone Goose Enterprises, Inc. and in February 2012, Stone Goose Enterprise, Inc. purchased Smith’s Gravel Pit in Sodus, New York . Kaye is currently the President / CEO of Stone Goose Enterprises, Inc. and President / Owner of Smith’s Gravel Pit. In her roles she runs the day-to-day operations of Smith’s Gravel Pit, an aggregate mining facility; which also provides trucking and excavation services and works strategic development / business expansion for Stone Goose Enterprises, Inc. Kaye was one of the Rochester Business Journal 40 under Forty recipients in 2004 and in 20

From US Citizenship and Immigration Services : Form I-9 is used for verifying the identity and employment authorization of individuals hired for employment in the United States. All U.S. employers must ensure proper completion of Form I-9 for each individual they hire for employment in the United States. This includes citizens and noncitizens. Both employees and employers (or authorized representatives of the employer) must complete the form. On the form, an employee must attest to his or her employment authorization. The employee must also present his or her employer with acceptable documents evidencing identity and employment authorization. The employer must examine the employment eligibility and identity document(s) an employee presents to determine whether the document(s) reasonably appear to be genuine and to relate to the employee and record the document information on the Form I-9. The list of acceptable documents can be found on the last page of the form. Employers must retai

Founded in 1986 by Roger and Shelley Gray, Center Line Studios (CLS) builds scenery for Broadway shows, opera, and television. After 9/11, the industry went into a recession. They downsized and moved to a smaller location. They were limited by physical space constraints and were unable to accept projects that would enable the company to grow. In March 2011, they purchased a large building. Vacant for many years, it needed substantial work. They spent the summer cleaning and doing construction. In August 2011, with Hurricane Irene, the creek flooded by taking the most direct path, through the building, delaying their move. In January 2012, their small shop caught on fire. They moved the office to their dining room table. The shop continued to function in the area where the fire damage wasn’t as bad. In February 2012, they met with Mid-Hudson SBDC adviser Myriam Bouchard with the goal of securing a loan to finish the renovations. A few months later, they moved the office out

WASHINGTON – A global climate expert from National Oceanic and Atmospheric Administration (NOAA) will share the 2013 Atlantic Hurricane Season forecast during a free webinar Tuesday, May 28 hosted by SBA and Agility Recovery. After the weather discussion, disaster preparedness tips will be presented by Agility. Dr. Gerry Bell has been the lead scientist of NOAA’s Long-Range Hurricane Outlook Team since 1998. He was instrumental in developing NOAA’s Atlantic and East Pacific hurricane activity outlook, and has done weather analysis on CNN and The Weather Channel. The Atlantic Hurricane Season begins June 1. Last year’s season ended memorably when Hurricane Sandy pounded the Eastern Seaboard in late October. The storm caused billions of dollars in damages, and so far the SBA has approved about $370 million in disaster loans to more than 3,500 businesses affected by Sandy. Now is a good time to protect your employees, customers and business from the devastating physical and econom