Return home

Madison County business graduates from small business development program

Posted 12/14/22

The U.S. Small Business Administration Upstate New York District announced nine small business owners from across Upstate New York, including one from Madison County, have graduated from THRIVE.

This item is available in full to subscribers.

Madison County business graduates from small business development program

Posted

MUNNSVILLE — On Monday, the U.S. Small Business Administration (SBA) Upstate New York District announced nine small business owners from across Upstate New York, including one from Madison County, have graduated from THRIVE - Emerging Leaders Reimagined, an entrepreneurship development program that helps small businesses grow and expand.

“Helping small businesses grow and flourish is crucial for a healthy local economy,” said Bernard J. Paprocki, SBA Upstate New York district director. “This year’s THRIVE graduates have already started achieving their growth goals, such as hiring more employees, reaching new markets, opening brick-and-mortar locations, or planning for succession. I congratulate them all on their achievements thus far and thank them for their outstanding collaborative efforts to support one another’s growth and contribute to the Central New York economy.”

A redesigned version of the SBA’s annual Emerging Leaders program, THRIVE, is a hybrid, six-month course aiming to help small businesses develop and execute strategic growth plans. Participants completed online learning modules and met in Syracuse twice a month throughout the course of the program, sharing business challenges, feedback, and opportunities with one another.

Officials say this year’s class was the most geographically diverse of any prior years. Participants represented eight different counties — half of which are rural — some traveling two or more hours both ways to learn and support their peers during in-person sessions. Forty percent of the graduates are reportedly women-owned small businesses, and 20 percent are reportedly veteran-owned small businesses.

The 2022 THRIVE Syracuse graduates are:

  • Fuel Efficiency LLC, Clyde;
  • Mr. Electric, Queensbury;
  • Saratoga Springs Family Dentistry, Saratoga Springs;
  • New Moon Farmstead, LLC, Munnsville;
  • Grey Goose Graphics, LLC, Endwell;
  • Vetted Tech Inc., Syracuse;
  • Razzano Homes and Remodelers Inc., Loudonville;
  • Agrinomic Insights LLC, Cooperstown; and
  • Badgerface Beauty Supply, Gilbertsville.

New Moon Farmstead, based out of Munnsville in Madison County and run by Sarah and Chris Ficken, consists of a small family dairy farm with a growing CSA offering sustainable, local food through e-commerce. New Moon Farmstead is currently offering pop-up retail at The Hub, 20 Utica St. in Hamilton, now until Christmas. Learn more and shop local by visiting www.newmoondairy.com.

The SBA program graduates recently presented their final strategic growth plans to a panel of SBA Resource Partners, including Small Business Development Centers, SCORE Mentors, WISE Women’s Business Center, and the Veteran Business Outreach Center, and received real-time feedback, the SBA reported.

The Upstate New York District Office has hosted over a dozen cohorts of the Emerging Leaders program over the past decade, including 11 in Syracuse and three in Albany, with 170 total graduates, according to the SBA.

The SBA reports that nationwide, 70% of past program participants reported increased revenue, 65% added or retained employees, and 83% reported giving money or time to charity. Past participants also reported $600 million in new government contracts, $112 million in new financing, and 1,100 net new jobs created.

To learn more about SBA’s THRIVE program, including eligibility requirements and other locations outside of Upstate New York, visit www.sba.gov/thrive.

Comments

No comments on this item Please log in to comment by clicking here