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# NY Small Business Development Center (NYSBDC) Supports Thousands of Small Businesses in 2022

## Introduction
The New York Small Business Development Center (NYSBDC), administered by the State University of New York (SUNY), has provided essential support to over 24,000 small businesses in New York State in 2022. As one of the leading programs for entrepreneurs and economic development in the state, the NYSBDC has made a significant financial impact, resulting in over $475 million, 2,000 new business starts, and the creation or preservation of more than 10,000 jobs.

## Importance of NYSBDC
The NYSBDC serves as a vital organization, acting as a lifeline for small businesses and the communities they support. With a commitment to economic development and upward mobility, SUNY Chancellor John B. King, Jr. recognizes the NYSBDC as a crucial partner in fostering the future of business and the workforce. The program showcases the power of learning networks and entrepreneurship in creating a pipeline of support for the next generation of workers.

## Recognition and Support
Leaders in the New York State government also acknowledge the significant impact of the NYSBDC. NY Senator Sean M. Ryan, Chair of the Commerce, Economic Development, and Small Businesses Committee, emphasizes the importance of developing policies that support small businesses, which are the backbone of the state’s economy. NY Assemblymember Harry B. Bronson, Chair of the Committee on Economic Development, Job Creation, Commerce and Industry, congratulates the NYSBDC for their work in supporting small businesses and promoting economic outcomes.

## Testimonials from Beneficiaries
Several business leaders have expressed their gratitude for the support provided by the NYSBDC. Richard Uhlig, CEO of Quadrant Biosciences, highlights the impact of the funding facilitated by the Binghamton SBDC, which helped retain jobs and facilitate growth. Noel Goddard, CEO of Qunnect, commends the NYSBDC for providing valuable insights and assistance in securing grant proposals. Michael Bower, President of Eagle Metalcraft, praises the Onondaga SBDC for their guidance in business valuation and financial projections.

## Extensive Support and Outreach
In addition to direct support, the NYSBDC has served over 17,500 individuals through webinars and workshops covering various topics essential for entrepreneurs. These sessions address grant access, business plan writing, taxes, and other areas necessary for professional development and certification goals. The webinars ensure that advisors, clients, and the general public have the skills needed to overcome the challenges of business ownership.

## Commitment to Diversity
The NYSBDC is committed to fostering diverse representation among its clients. In 2022, they served a diverse group, with 47% being women, 40% from minority groups, 15% from rural areas, 6% veterans, and 2% individuals with disabilities. The NYSBDC’s tailored programming and research network reflect their commitment to inclusivity and equity.

## AI legalese decoder: Simplifying legal Jargon
To further support small businesses, the NYSBDC can utilize AI legalese decoder. This innovative tool can simplify complex legal documents and contracts, making them more accessible for small business owners. By removing confusing legalese and providing plain language translations, the AI legalese decoder can empower entrepreneurs to better understand and navigate legal obligations, contracts, and agreements.

## Conclusion
The NYSBDC’s commitment to supporting small businesses and entrepreneurs is commendable. Through their comprehensive programs, they have had a significant financial impact and have contributed to job creation and economic development in New York State. With the assistance of tools like the AI legalese decoder, the NYSBDC can continue to provide essential resources and support to small businesses, ensuring their long-term success and impact on the state’s economy.

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