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State funds headed to seed stage companies
Empire State Development approved awards of more than $25 million from the federally funded Innovate NY program to six investment entities from across the state.
SBA taking applications for new round of Intermediary Lending Pilot Program loans
The U.S. Small Business Administration (SBA) is opening its Intermediary Lending Pilot Program (ILP) for a second round. The ILP program provides long-term loans to
Nirvana to boost production, add equipment and workers
BOONVILLE — A $4.3 million Small Business Administration (SBA)-backed loan for new equipment will help Nirvana, Inc. increase its production by 67 percent and boost
CABVI lands military procurement contract
UTICA — The Central Association for the Blind and Visually Impaired (CABVI) recently won a contract with the U.S. Army Security Assistance Command (USASAC) as a prime vendor for foreign military sales (FMS) programs. Under the contract, CABVI will provide troop-support equipment and clothing items in support of the Aberdeen Contracting Center Aberdeen Proving Ground.
Furniture store ramps up marketing efforts
RICHFIELD SPRINGS — During a recession, buying new furniture may be about the last thing on anyone’s mind, but now that the economy is showing signs of continued recovery, Jeffrey Sarafin is hoping to take advantage of that momentum and boost business at his furniture store. Sarafin established Jeff’s Handcrafted Amish Furniture four years ago
Mohawk Valley native launches gift product with ‘Beekman Boys’
Mohawk Valley native Michelle Roberts has a new product that she hopes will help her business take flight with a little help from some entrepreneurs and reality TV stars in Sharon Springs. On Valentine’s Day, Roberts launched a gift line called Messenger Birds, which features a handcrafted ceramic bird with a unique feature. Instead of
Small-business optimism slips in March, ending six-month rise
Optimism waned among small-business owners in March, according to a monthly survey showing that owners who had been warming to their future prospects suddenly took a less rosy view of future hiring and sales. The Small Business Optimism Index from the National Federation of Independent Business (NFIB) slipped 1.8 points in March to 92.5. The
Paragon Environmental Construction and NYEG Drilling plot continued growth
BREWERTON –– Paragon Environmental Construction, Inc. (PEC), and its subsidiary company NYEG Drilling, LLC are growing side by side and plan to make equipment and facility investments to keep expanding. PEC and NYEG are currently located at 5664 Mud Mill Road in Brewerton. The two companies share the 8,400-square-foot office as well as equipment and
Sports PT looks for steady growth after ‘year of relocation’
DeWITT — Sports Physical Therapy of New York, PC (Sports PT) is looking forward to solid growth in 2012 after it moved nearly a quarter of its offices last year. The company, which is headquartered at 6319 Fly Road in DeWitt, did not move any of its three Syracuse–area locations in 2011. Last year’s relocations
Treasury report: Federal fund increased small business lending in N.Y.
New York banks have increased small business lending by $243.2 million since receiving capital through the federal government’s Small Business Lending Fund (SBLF), according to
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