Artificial Intelligence
The US Chamber of Commerce found 91% of small businesses owners believe AI will aid business growth and 76% have plans to implement.
Cybersecurity
43% of small businesses face security breaches yearly, costing them over $10 billion in 2023 alone; 60% close within 6 months of a major attack.
Disaster Recovery
In the last two decades, NY businesses have faced over $200 billion in damages from disasters like Hurricane Sandy, 9/11, and the COVID pandemic.
Government Contracts
The federal government awards contracts worth over $150 billion annually to small businesses. In New York there are significant additional contract opportunities from state and local government.
International Trade
In 2021, New York’s small businesses made up 93.4%, or 30,707 of all of the state’s exporters. These small firms contributed $37.8 billion which is 54.6% of the total export value from New York.
Technology
The SBIR and STTR programs are federal initiatives funding R&D in small technology businesses with commercialization potential, investing over $3 billion annually to drive innovation.
Community Initiatives
Our community initiatives focus on communities across New York and tackling the challenges and hurdles that they face. We ensure we provide specialized support, help amplify their voices and build solutions to address their unique needs. Our programs are open and available to ALL New Yorkers.
Childcare Provider Program
New York has over 21,000 licensed daycare facilities. Childcare providers face major issues: 53% report staffing shortages, and 48% have raised tuition due to increased operational costs.
Rural/Agribusiness
New York is home to over 30,000 family farms spanning 7 million acres, collectively producing more than $5.75 billion in agricultural revenue each year across the state.
Veteran’s Assistance
Veteran-owned businesses are a significant portion of U.S. small businesses, with ~304,823 veteran-owned employer firms in 2023, representing about 5.2% of all employers.
Spanish Speaking Services
We provide services in multiple languages to fulfill our mission of ensuring all New Yorkers, including Spanish speakers, have access to the support they need.
Certifications
In 2019, 16-22% of the U.S. workforce held business-related certifications or licenses, key for businesses securing gov’t and industry contracts.
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Our statewide network of 20 regional development centers and over 70 satellite locations is ready to help you take the next step. Find your center & start your SBDC journey.
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