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NFIB Small Business Optimism index dips in March
After three months of small increases, the National Federation of Independent Business (NFIB) Index of Small Business Optimism fell 1.3 points to 89.5 in March.
Cuomo: workers’ comp and unemployment-insurance changes will save companies $1.2 billion
Gov. Andrew Cuomo on Monday outlined $1.2 billion in savings for New York companies following changes to workers’ compensation and unemployment insurance that are part
Baltimore Woods Nature Center names Hartmann new executive director
MARCELLUS — Baltimore Woods Nature Center, a nonprofit environmental organization located in Marcellus, has appointed Mary Kate Hartmann as its new executive director. Hartmann will
Ithaca chocolatier Sarah’s Pâtisserie to open second store
ITHACA — Chocolate retailer Sarah’s Pâtisserie will open its second location in downtown Ithaca this spring, according to a news release of the Downtown Ithaca
Online-shopping app Rosie wins Startup Labs Syracuse competition
SYRACUSE — CenterState CEO today awarded the $200,000 top prize in its Startup Labs Syracuse contest to Rosie Applications, Inc., an Ithaca–based maker of an
Whitman School names Kavajecz new dean, effective July 1
SYRACUSE — Syracuse University (SU)’s Martin J. Whitman School of Management will have a new dean this July 1st. And, he comes from the University
Victory Sports Medicine & Orthopedics grows by treating athletes & the active
SKANEATELES — Dr. Marc P. Pietropaoli, founder and owner of Victory Sports Medicine & Orthopedics in Skaneateles, has built his practice on treating athletic injuries during practice, game situations, or just everyday leisure. Victory Sports Medicine & Orthopedics, which operates at 791 W. Genesee St. in Skaneateles, focuses on the treatment of joint replacements, torn
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SKANEATELES — Dr. Marc P. Pietropaoli, founder and owner of Victory Sports Medicine & Orthopedics in Skaneateles, has built his practice on treating athletic injuries during practice, game situations, or just everyday leisure.
Victory Sports Medicine & Orthopedics, which operates at 791 W. Genesee St. in Skaneateles, focuses on the treatment of joint replacements, torn ligaments, fractures, pulled muscles, knee and shoulder injuries, and aims to help its patients return to their active lifestyles or sports.
The practice targets athletes with its sports-medicine expertise, and orthopedics covers a wide range of musculoskeletal problems in any age category, ranging from babies up to people over 100 years of age, says Dr. Marc Pietropaoli.
Pietropaoli says, “48 percent of our patients are over the age of 50, so it’s almost 50-50 as far as the age of 50.”
Pietropaoli is an orthopedic surgeon and the sole owner of the practice, which he started in April 2001.
The practice also handles workers’-compensation injuries, and arthritis and degenerative conditions that have slowed patients down, he says.
Victory Sports Medicine & Orthopedics consists of departments that include orthopedics and sports medicine, physical therapy, athletic training, radiology, and clinical (nursing). The practice has seen more than 20,000 patients, but Pietropaoli isn’t sure how many patients Victory sees on an annual basis.
Victory employs 40 full-time and four part-time employees, Pietropaoli says.
The full-time employees include a physician assistant, a nurse practitioner, five physical therapists, two physical-therapy assistants, seven athletic trainers, two massage therapists, and one personal trainer.
The part-time employees include two X-ray technicians, he says.
The practice on March 25 announced the hiring of Jason Cherry as its director of physical therapy. The practice is also hoping to add to its nursing staff, and hire a part-time physician assistant.
“We’re always looking for good people, and there are always spots open if the person is the right fit,” Pietropaoli says.
Pietropaoli says Victory Sports Medicine & Orthopedics grew its revenue by 20 percent in 2012, but he declined to provide revenue totals. He also declined to offer a revenue projection for 2013.
Gait and balance & baseball
Besides athletic injuries, Victory is concerned about injury prevention and believes that early detection of gait and balance disorders will reduce a patient’s chance of falling or getting hurt.
Victory’s gait and balance program is used to screen patients to determine if they’re at risk for falling. It uses some sophisticated electronic equipment, says Pietropaoli.
“If they [the patients] are at risk, it can be sometime due to musculoskeletal problem, sometimes due to a neurologic problem, and sometime due to an inner-ear problem [such as vertigo],” he says, noting that his practice can then design a rehabilitation program for that patient.
Each year, he says one of three people over the age of 65 falls and is injured, and 2.2 million of those cases need some type of medical attention.
One out of 10 falls leads to a serious injury, Pietropaoli says.
Besides his work as an orthopedic surgeon, Pietropaoli also serves as the team physician for the Auburn Doubledays minor-league baseball team. He’s also worked with the Syracuse Chiefs when both clubs were minor league affiliates of the Toronto Blue Jays. Now, both clubs are affiliated with the Washington Nationals.
On March 2, Pietropaoli traveled to Viera, Fla. to help administer entrance physicals to all 75 baseball players at the Washington Nationals spring-training camp.
Future plans
Victory Sports Medicine & Orthopedics leases its 6,000-square-foot facility from Victor Ianno, but Pietropaoli declined to disclose his monthly lease payment.
“We’re pretty cramped and running out of space here,” he says, noting the practice does have plans to expand at some point in the future.
Pietropaoli says the practice has been working on a project called the “Victory campus,” which will eventually occupy 100 acres of land the practice owns on the east side of Skaneateles off Route 20.
The project would include an integrated health-care, sports, and wellness complex on that property. It would increase its building size to a 61,000-square-foot medical, health, and wellness facility, along with indoor athletic facilities and outdoor athletic fields surrounding the building. The practice is still working with the Skaneateles town planning board on all the details.
“We don’t have a definite exact timetable at this time,” Pietropaoli say.
A native of Rochester, Pietropaoli graduated from Syracuse University in 1988 with a bachelor’s degree in biology. He then earned his medical degree from the State University of New York (SUNY) Health Science Center (now Upstate Medical University) in 1992 and later completed his orthopedic-surgery residency program in 1997 followed by a fellowship in orthopedic sports medicine at the American Sports Medicine Institute in Birmingham, Ala. in 1998.
Contact Reinhardt at ereinhardt@cnybj.com
Brooks named Syracuse entrepreneur in residence for Launch NY
A Buffalo–based nonprofit group aiming to aid entrepreneurs and young companies across upstate New York has a named an entrepreneur in residence for the Syracuse area. Paul Brooks, former vice president for entrepreneurship programs at the Tech Garden in downtown Syracuse, will serve in the role for Launch NY. The organization focuses on a 27-county
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A Buffalo–based nonprofit group aiming to aid entrepreneurs and young companies across upstate New York has a named an entrepreneur in residence for the Syracuse area.
Paul Brooks, former vice president for entrepreneurship programs at the Tech Garden in downtown Syracuse, will serve in the role for Launch NY. The organization focuses on a 27-county region stretching from Buffalo to Syracuse and down to Binghamton.
It launched in 2011 and has received $1.2 million in financial support from the federal Economic Development Administration and the John R. Oishei Foundation and Margaret L.Wendt Foundation, both of Buffalo.
“We want to be the group that connects the different organizations that currently exist,” says John Seman, Launch NY president and CEO. “We want to work with them and help support their efforts.”
The group’s regional entrepreneurs in residence are a key to that goal, Seman says. In addition to Brooks, Launch NY has one stationed in Buffalo and one in Ithaca.
The organization’s goal is to have one entrepreneur in each of the major cities it covers, Seman says.
The entrepreneurs will serve and coaches and mentors to companies in their areas and help connect them with resources around the state, Seman says. Brooks, for example, could help a company in Buffalo tap into resources at the Tech Garden through his connections or help a Syracuse firm reach experts in Buffalo.
“Making connections is one of the foremost attributes of this organization,” Brooks says. “There are … throughout Upstate a lot of people trying to do similar things. The advantage we will have at this point is having feet on the street in several different locations.”
The local entrepreneurs will also be looking for potential investments. Launch NY is working to raise another $5 million by the end of the year so it can begin making investments in Upstate businesses, Seman says.
The group’s regional entrepreneurs will make recommendations to its board of directors, which will make final investment decisions.
“My role is to identify entrepreneurs that are promising and have the opportunity to grow,” Brooks says.
Brooks joined Launch NY in March.
The group is not targeting specific industries, but is looking mainly to aid companies a bit beyond their initial startup stages. The goal is to help firms on the cusp of going to market that have already gotten over their early hurdles and may have already been through an incubator program, Seman says.
Partners in Launch NY include Erie County Industrial Development Agency, the New York State Center of Excellence in Bioinformatics & Life Sciences at the University of Buffalo, Tompkins County Area Development (TCAD), and the Entrepreneurship and Innovation Institute of the Samuel Curtis Johnson Graduate School of Management at Cornell University.
The organization is based on JumpStart, Inc., a similar group located in Cleveland, Ohio.
In addition to its local entrepreneurs in residence, Launch NY is planning other efforts, including an online resource meant to help Upstate’s startup community make connections with regional and national resources and long-term business opportunities.
IdeaCrossing is a Web–based resource to help entrepreneurs find mentors and potential investors, access a regional directory of service providers, invite existing advisers to collaborate online, and more.
The group announced IdeaCrossing in March.
Contact The Business Journal at news@cnybj.com
SBA deputy administrator discusses business ownership at veterans’ event
ONONDAGA — After they’ve served their country, veterans are encouraged to seek the services of the U.S. Small Business Administration (SBA) for help in launching and growing their own business ventures. That was the message Marie Johns, the SBA’s deputy administrator, delivered in her remarks during Operation: Start Up & Grow, the SBA’s sixth annual
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ONONDAGA — After they’ve served their country, veterans are encouraged to seek the services of the U.S. Small Business Administration (SBA) for help in launching and growing their own business ventures.
That was the message Marie Johns, the SBA’s deputy administrator, delivered in her remarks during Operation: Start Up & Grow, the SBA’s sixth annual business conference for the military community held Thursday, March 21, at Onondaga Community College (OCC).
More than 250,000 service members are annually transitioning out of the military possessing the skills, experience, and leadership to start businesses and create jobs in their communities, Johns said in her remarks.
“So our goal at the SBA is to make sure that we give each of you the tools you need to make informed decisions about whether you should pursue business ownership, and if you do, how to make that business grow,” Johns added.
For the SBA, that means providing the capital, the counseling, and the access to federal-contracting opportunities to help veteran entrepreneurs start their business and grow successfully, she said.
Supporting loans to small businesses that have challenges obtaining credit in the conventional credit markets is one of the most important services the SBA provides, Johns said.
“So, our loan programs have a strong track record of leveraging billions of dollars in credit to help small-business owners and entrepreneurs nationwide start and grow their businesses so that they can create jobs,” Johns explained.
For example, in fiscal year 2012, SBA approved more than 3,200 loans to veteran business owners supporting a total of more than $2.1 billion in capital. The agency’s Patriot Express loan program was specifically designed to offer low-interest loans to members of the veteran and military community, and it supported more than $580 million in lending to veteran entrepreneurs and small-business owners over the past four years, Johns said.
Counseling is another important component of the SBA’s services, Johns added.
Nationwide, the agency annually counsels more than 200,000 veterans, service-disabled veterans, and reservists. And the SBA conducts the counseling through a network of resource partners that includes the Small Business Development Centers, such as the one at OCC, the Women’s Business Centers, and the SCORE volunteers.
“We engage our veterans through that network of 68 local SBA district offices, 16 veteran business-outreach centers, and our partnership with 1,000 Small Business Development Centers, and we have 12,000 SCORE counselors,” Johns said.
SCORE is a Herndon, Va.–based nonprofit association dedicated to helping small businesses get started, grow, and achieve their goals through education and mentorship.
The SBA also has a program called Boots to Business, which is focused on providing the training, the tools, and the resources veterans need to make the successful transition back into the community as successful business leaders, Johns said.
In 2012, the SBA joined with the Department of Veterans Affairs and the Department of Defense to launch that pilot program.
“Boots to Business provides entrepreneurial training to transitioning service members from every branch of the military at 151 locations across the country,” Johns said.
The program includes an exposure to entrepreneurship as a potential career path that’s offered to every service member as he or she is leaving the military. Those interested can opt-in to a program tract that offers an in-person training course, including interactive classroom-based learning. The next step is a feasibility analysis on a potential business plan, and if a veteran wants to continue, there’s an eight-week online course on the fundamentals of small-business ownership.
“For the men and women of our military who want to leverage their skills to become small-business owners and entrepreneurs, this program provides exactly the types of resources and counseling that will increase the likelihood of their success,” Johns said.
The agency also plays a role in helping small-business owners pursue federal-government contracts. More than $90 billion of the almost half-a-trillion dollar government-contracting market goes to small businesses. Federal contracting provides “a critical tool” for small-business owners to help them grow, drive innovation, and create jobs.
“At the SBA, we’re responsible for ensuring that 23 percent of the federal-contracting dollars go to small businesses, and furthermore that 3 percent of that federal-contracting spent goes to service-disabled, veteran-owned small businesses,” Johns said.
In a separate interview with The Central New York Business Journal, Johns said the federal sequestration budget cuts are having an impact on the SBA. The cuts will affect the agency’s loan-subsidy dollars “to the tune of about $900 million,” which will impact the SBA’s ability to support “probably 2,000 fewer loans,” Johns said.
“We’re doing our best to manage our resources as efficiently as we can, but it does have a detrimental impact on our ability to serve small companies.”
Johns has served as SBA’s deputy administrator since June 2010. Under her leadership, SBA had back-to-back record years of lending, supporting more than $30 billion in loans annually in 2011 and 2012. As the deputy administrator, Johns is focused on ensuring that underserved communities, including women, minorities, veterans, and young people, have the tools and resources they need to start businesses and create good-paying jobs.
Contact Reinhardt at ereinhardt@cnybj.com
Annese expects to relocate local office to aid growth
Company generated $66.9 million in revenue in 2012 SALINA — Annese & Associates, Inc. could soon be looking for new space in the Syracuse
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.