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SBA Selects Albany SBDC as Regional SBDC Excellence and Innovation Award Winner

Release Date: 
Wednesday, May 8, 2013
Release Number: 
Advisory Date: 
Monday, May 13, 2013
Advisory Number: 
Rachael Stanton 315-471-9393 ext. 244

Albany SBDC Will Compete for National SBA Award

ALBANY, N.Y. – The U.S. Small Business Administration has selected the Albany Small Business Development Center (SBDC) as the Region II winner of the 2013 SBDC Excellence and Innovation Award.  SBA’s Region II includes New York, New Jersey, Puerto Rico, and the U.S. Virgin Islands. Nominated by the New York State SBDC Central Office, the Albany SBDC was chosen as one of the top 10 centers nationwide based on economic impact and for championing small business concerns, developing innovative programs, and surpassing milestones for small business success.

The Albany SBDC has served the small business community in the Capital District for nearly 30 years, providing business assistance to over 20,000 entrepreneurs. The SBDC’s strong collaboration efforts with chambers of commerce and technology parks enable outreach centers across their 11-county service area.

Leading by example, the Albany SBDC’s innovative programming efforts include launching a character-based microloan program, specialized mentoring through their technology entrepreneur in residence program, and a proposed contractor training program for NYS DOT Disadvantaged Business Enterprises. SBA relies on the Albany SBDC as the lead center for their Veterans Business Outreach Program (VBOP) in NYS and partners with the center for an annual government contracting matchmaker in Albany. 

The center’s relationship with the University at Albany’s School of Business creates a win-win for both students and small business clients; students review business plans, create cash flow projections and complete internships. The Albany SBDC consistently ranks among the top SBDCs in the state network based on factors such as efficiency and client satisfaction. The economic impact of the Albany SBDC is truly remarkable: $310 million in local economic investment and 10,444 jobs created or saved since the center opened in 1984.

The Albany SBDC will receive the Syracuse District and Regional awards at SBA’s annual awards luncheon on May 8 at The Albany Marriott Hotel in Albany. The Albany SBDC will compete for the national award at SBA’s National Small Business Week celebration on June 21 at the Renaissance Hotel in Washington, D.C.
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