UAlbany Unveils New School of Business Building to Serve as Hub for Innovation and Entrepreneurship ALBANY, N.Y. (August 19, 2013)
The new building will also house the University’s award-winning Small Enterprise Economic Development (SEED) Program, which promotes and fosters small business and microenterprise. To date, the SEED Program has provided more than $1 million in funding and helped create 120 jobs in the Capital Region. The program, a collaboration of SEFCU, UAlbany’s Small Business Development Center (SBDC), Empire State Development (ESD), the School of Business and the University’s School of Social Welfare, was named a 2012 Tribeca Disruptive Innovation Award recipient. Other winners included the Massachusetts Institute of Technology and Stanford University.
Fighting to transform downtown Albany
Michael DeMasi - Aug 16, 2013, 6:00am EDT
Angelo Maddox has combined hard work and a deep understanding of his customers to find a formula that can work in downtown Albany.
In a city tough on retailers, Maddox owns Fresh & Fly, a store near the Times Union Center that sells merchandise steeped in urban culture.
Barbara Pinckney - Jun 25, 2013, 12:01pm EDT
a 50-year-old former minister, is growing his Albany, NY information
technology firm because of the Small Enterprise Economic Development
Barbara Pinckney - Jun 20, 2013, 2:12pm EDT
The Small Enterprise Economic Development (SEED) program, which makes
character-based microloans to entrepreneurs in the Albany, NY area, has
passed the $1 million mark.
Barbara Pinckney - Sep 14, 2012, 6:00am EDT
When Richard Thayer was laid off from his job selling online advertising, he decided to go into business for himself.
Thayer, 48, just needed a small loan to purchase a truck and start his independent bottle and can redemption center.
Larry Rulison, Times Union - January 26, 2012
A new small business lending program at the University at Albany has
created a new generation of entrepreneurs in the Capital Region who have
$35,000 for their dreams and a great deal of confidence.
On Wednesday, UAlbany introduced the first class 11 people to
complete its new Small Enterprise Economic Development, or SEED,
program.Participants such as Patricia Greenwood, who runs a vintage
shop in Schenectady called Patricia’s Room, said the program, anchored
by a $2.5 million revolving loan fund established by SEFCU, has led
to vast improvements.
In the Summer of 2012, CHSR was awarded a contract to study the Small Enterprise Economic Development (SEED) program.
The SEED program is a “character-based” lending program with the goal of supporting and financing entrepreneurs who have been unable to obtain the resources necessary to start or expand a small business through traditional sources. The program operates as a partnership between Empire State Development, the University at Albany, and the State Employees Federal Credit Union (SEFCU).
by Web Staff 01/25/2012 03:52 PM
Entrepreneurs know to plant many seeds for their
business to grow and a local partnership, appropriately named SEED, the
Small Enterprise Economic Development, is making that happen right here
in the Capital Region.
Small Business Administration (SBA) - 04/09/2012 11:04 AM EDT
The newest entrepreneurial program in the Capital Region is geared
towards those aspiring business owners who have more dreams than
dollars. SEED, or Small Enterprise Economic Development, is the first
public-private collaboration between Empire State Development (ESD),
SEFCU, and the University of Albany that offers small business training,
mentoring, peer support, and character-based financing.
program links faculty, staff and graduate students from the University
of Albany School of Social Welfare, School of Business and Small
Business Development Center (SBDC) with $2.5 million micro-loan fund
from SEFCU and $96,700 infrastructure support from ESD.
Steve Ference 06/29/2011 06:12 PM
Amid tight credit markets, a new local program is looking to help
entrepreneurs obtain loans they need for business ideas that otherwise
might not have access to cash. Our Steve Ference reports.