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Broome County Business Wins SBA Small Business Excellence Award

Release Date: 
Tuesday, May 9, 2017
Release Number: 
17-36
Contact: 
Rachael Stanton 315-471-9393 ext. 244

SYRACUSE, N.Y. – One local small business was recognized during National Small Business Week at the U.S. Small Business Administration’s 19th Annual Small Business Excellence Awards luncheon in Syracuse on Friday, May 5th. Small businesses are selected for the Excellence Awards based on their company’s longevity, innovation, sales growth, increased employment, ability to overcome adversity or community contributions.

The 504 Company honored Galaxy Brewing Company, LLC based in Binghamton with a 2017 Small Business Excellence Award. Michael and Seth Weisel, father and son, are brewmasters that had a vision of opening a craft brewery and restaurant in Binghamton, NY. With assistance from the City’s Economic Development Department, the SBDC at Binghamton University and financing from The 504 Company and SBA, Galaxy Brewing opened in 2013. That year 600 barrels of craft beer were produced and distributed to venues across Upstate NY. Just two years later, production grew to 1,500 barrels. The company has won numerous awards for its beer and now has 25 employees. They feature an American-Fusion menu at their recently revamped restaurant.

“The 19th Annual Small Business Excellence Awards luncheon gives us the opportunity to celebrate our business community leaders for their small business successes,” said Bernard J. Paprocki, SBA Syracuse district director. “Entrepreneurs find success not by avoiding failure but by dreaming the impossible and taking chances. From Main Street stores to cyber merchants and all the companies in between, small businesses keep our economy innovative and vibrant.”

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Galaxy Brewing Company, LLC photo caption from left to right: Patrick MacKrell, NYBDC, Seth Weisel, Galaxy Brewing Company, LLC, Michael Weisel, Galaxy Brewing Company, LLC, Joanne Jones, The 504 Company, and Bernard J. Paprocki, SBA.

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Galaxy Brewing Company Award Photo 493Kb