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SBA Invites 2014 Small Business Week Award Nominations
Do you know a small business worthy of recognition? Nominate them for a Small Business Week Award! Each year the President of the United States sets aside one week in the spring to honor and celebrate small business —National Small Business Week. SBA recognizes small business owners from winning nominations from lenders, SCORE, SBDCs, WBCs, chambers of commerce and economic developers.
The SBA Syracuse District Office invites nominations for the following award categories: Small Business Person of the Year, Small Business Exporter of the Year, and SBA Young Entrepreneur of the Year. If you have a nominee for National Small Business Week 2014, please review the relevant details for the award categories below. All nominations are due by January 17, 2014. Questions on award criteria? Please contact Cathy Pokines at (315) 471-9393 ext. 241 or firstname.lastname@example.org.
Completed nomination packages should be postmarked by Jan. 17 to:
SBA Syracuse District Office
Attn: Cathy Pokines
224 Harrison Street, Suite 506
Syracuse, NY 13202
2014 National Small Business Week Awards --- Syracuse District
1. Small Business Person of the Year- The Syracuse District winner will compete at the State level. State winners go on to compete at the National level.
2. Small Business Exporter of the Year –The Syracuse District winner will compete at the State level. State winners go on to compete at the National level.
3. SBA Young Entrepreneur of the Year - District level competition only.
Small Business Person of the Year (SBP)
Any individual who owns and operates or who bears principal responsibility for operating a small business may be nominated. Partners who jointly own and operate a small business may be nominated as a “team,” so long as the number of individuals in the team nomination does not exceed four. A nominee for Small Business Person of the Year must own or operate a business defined as “small” under the applicable SBA size standards. Indi-viduals who have received the Small Business Person Award at the State level within the past five years are not eligible. Elected officials are not eligible. Nominees must also be residents of the United States or its territories and will be subject to background checks. Small businesses owned and operated by nominees must comply with federal civil rights laws. While receipt of SBA assistance is not required, it is preferred.
Selection Criteria -In evaluating the nomination packages, the judges will look for the following criteria:
Staying power — a substantiated history as an established business.
• Number of years in business; minimum three years.
• Sustained expansion, addition of territories, growth in square footage occupied.
• Steady growth in net worth as evidenced by total assets less total liabilities on fiscal year end annual balance sheets over three years.
Growth in number of employees — a benchmark to judge the impact of the business on the job market.
• Sustained over a minimum of three years.
• Increase over the three years must be in excess of growth in Gross National Product.
Increase in sales and/or unit volume — an indication of continued growth over the last three years.
• Consistent growth in net income as evidenced by fiscal year annual profit-and-loss statements for a minimum of the last three years.
Current and past financial performance — financial reports substantiate an improved financial position.
• Profit-and-loss statements for the last three years, reflecting sustained upward growth.
• Balance sheets for the last three years, showing consistent increase in net worth and/or partners’ return.
Innovativeness of product or service offered — an illustration of the creativity and imagination of the nominee.
• Specific description of uniqueness of product or service.
• Explanation of how product or service fits a niche not being adequately addressed by the competition.
Response to adversity — examples of problems faced in the nominee’s business and the methods used to solve them.
• Specific description of financial, physical, legal or other crisis.
• Substantiation of the threat to the continuity of the business.
• Defined actions taken by the nominee to resolve the crisis.
Contributions to community-oriented projects — evidence of the use of his/her personal time and resources.
Listing of specific contributions of money, time, or resources to charitable causes.
• Membership in councils, boards and clubs providing support and services to the community. If applicable, a description of the products exported and markets served.
Small Business Exporter of the Year
Any individual, or team of individuals, who own and operate a small business that is defined as "small" under the
applicable SBA size standards and is engaged in exporting may be nominated. Nominees must also be residents of
and employed in the United States or its territories and will be subject to background checks. Small businesses
owned and operated by nominees must comply with federal civil rights laws.
Selection Criteria -the judges will look for the following criteria:
Increased sales, profits and/or growth of employment because of exporting.
Creative overseas marketing strategies.
Effective solutions to export-related problems.
Demonstrated encouragement of other small businesses to export.
Volunteer assistance to other small businesses entering the export market.