New York Business Development Corporation 
September 2006 Newsletter
News Highlights
 

n Kishlar is elected to Western New York loan committee 
We are pleased to welcome Thomas H. Kishlar, vice president and commercial lender, The Bank of Castile, to the Western New York loan committee. Tom has an extensive background in banking and has nearly 24 years of experience, both as a vice president of business banking and as an area manager. A 1983 graduate of the State University College at Geneseo, he is a member of the college's Jones School of Business Advisory Committee. He also serves as a board member for the Henrietta Chamber of Commerce. Kishlar and his wife, Judy, live in Greece with their two children, David and Michael. 

n NYBDC sponsors events throughout New York
NYBDC is proud to support the spirit of community service through our sponsorship program. We are happy to partner in a variety of events with our extensive membership. Some of our recent sponsorships include: Sullivan County Community College Conference, Ulster County Development Corporation Awards Dinner, Security Mutual Flood Relief Concert, The Broome County Urban League All Star Golf Tournament, Poughkeepsie Area Chamber Showcase of Champions, Rockland County Economic Development "Business Support Week," and the Independent Bankers Association Annual Convention. We congratulate all of our partners on successful events and are proud to be among your strong supporters.

n IBANYS 33rd Annual Meeting - Another great success  
Congratulations to Executive Director, William Y. Crowell, the staff, and member banks of Independent Bankers Association of New York State (IBANYS) for another successful annual meeting. The 33rd Annual Convention, held on September 10-12, 2006, in Cooperstown, was an unparalled networking opportunity for everyone in attendance. NYBDC looks forward to participating in the 2007 Convention. Founded in 1974, IBANYS serves independent community banks across New York State.  (photo right) Andrew Linehan, Senior Vice President, NYBDC, greets visitors at the IBANYS Convention. 

n Capital Region CPA Banker Dinner scheduled for November
The Capital Region CPA Banker Dinner has been scheduled for November 1, 2006 at Wolferts Roost Country Club in Albany. Kenneth Green, President, Saratoga Economic Development Corporation, will be the Keynote Speaker. Please contact Marty Hull, Partner, KPMG, at 518-427-4749, or by e-mail at mdhull@kpmg.com to learn more. Invitations will be sent out soon. If you are interested in this event, please block out this date on your calendar. This is a widely attended gathering in the Capital District and it is a great opportunity to network with other CPAs and Bankers.  

n NYBDC offers SBA 504 training sessions
NYBDC welcomes the opportunity to present its loan programs to groups of commercial loan officers and others involved with securing financing for businesses. If you would be interested in taking advantage of the benefits the SBA 504 loan program offers you and your customers, or if you would like a refresher course, we can tailor a training session to fit your specific needs. Please contact David Terrenzio in our Albany office at 518-463-2268 for more information or to schedule an in-house presentation.


n Women-owned firms increase nearly 20 Percent
According to a recent news release by the Office of Advocacy of the U.S. Small Business Administration, women-owned firms increased nearly 20 percent over the latest period studied. During the five years between 1997 and 2002, women-owned firms grew by 19.8 percent while all U.S. firms grew by about 10 percent. 

According to the recent data, significant proportions of women-owned businesses were in professional, scientific, technical, health care and social assistance.

n NYBDC sponsors Emerging Business Competition in Central New York
NYBDC in partnership with M&T Bank and other sponsors throughout Central New York are taking place in the first-ever EssentialConnections.org Emerging Business Competition. Spearheaded by The Central Upstate Regional Alliance, the competition was created to ignite the entrepreneurial spirit among businesses in Central Upstate New York. The competition features a $100,000 grand prize. The $100,000 grand prize is open to emerging small businesses within the 12-county Central Upstate New York region with less than $2.5 million in revenue. A separate $2,500 prize will also go to the best individual business idea, which is open to anyone in the region, including high school and college students.

“This type of competition is invaluable for a number of reasons,” said Patrick J. MacKrell, president and CEO, NYBDC. “In addition to the substantial monetary prize, the payoff for the winner is contact with experts and investors who may be able to help take the business to the next level. Even if an entry doesn't win, the process should be instructive, as participants will get feedback that could be the catalyst for putting entrepreneurs on the right track for success."