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GSBDC Honors M & T Bank and Solvay Bank with "Bank of The Year Award"
M & T Bank and Solvay Bank were the recipients of GSBDC's first annual "Bank of The Year Award." The award is based upon the number of loan referrals from participating lending institutions. Both Solvay Bank and M & T Bank referred the same number of projects to GSBDC in 2004. Paul Mello, President & CEO of Solvay Bank and Lee DeAmicis, Administrative Vice-President, Business & Professional Banking of M & T Bank accepted the award on behalf of their banks. Lance McKee, Partner, Dannible & Mckee, LLP and Chairman of GSBDC, along with Peggy Adams, Executive Director of GSBDC, presented the awards. The Greater Syracuse Business Development Corporation (GSBDC), the chamber's financing arm, delivers economic development loan programs to the business community of Central New York. GSBDC had a record year with fourteen projects totaling almost $20,000,000 with GSBDC's participation in excess of $5,000,000. Combined, these companies currently employ more than 500 and are projected to create over 160 jobs during the next two years. Executive Director Receives Financial Services Advocate Award
Adams has been with the Greater Syracuse Business Development Corporation (GSBDC) since January of 2000 and was selected for this award based on her extensive experience in commercial lending, economic development and community service. She earned her MBA at Syracuse University while employed as the Director of Research in the Economic Development Department at the Greater Syracuse Chamber of Commerce. For the next ten years, prior to returning to the Chamber organization, she was a commercial lender and Vice President with the New York Business Development Corporation, and later, Fleet Bank. Adams has helped move the Greater Syracuse Business Development Corporation
to the next level through increased marketing activities, which has resulted in
a substantial growth in their loan portfolio. Her skills and talents as a financing
professional and economic developer have enabled her to assist and guide her clients
to obtain the optimal financing structure among the many available economic assistance
programs. GSBDC Recipients of Small Business Excellence Awards 2005 - GSBDC Recognizes Busch Products, Inc. for Business Excellence
2005 - GSBDC Recognizes Busch Products, Inc.
for Business Excellence
On May 5, the US Small Business Administration hosted their Seventh Annual Small Business Excellence Awards Luncheon, which was held in celebration of National Small Business Week. The Greater Syracuse Business Development Corporation (GSBDC) honored SBA client Busch Products, Inc. who was presented an award at the luncheon. Owners Darlene and Robert Brown accepted the award on behalf of the company. In 2000, Robert Brown, the general manager for Busch Products, Inc., purchased the operation. The company manufactures and installs name-brand, solid surface, granite and engineered stone countertops, shower walls and vanities. Their customer base is comprised of kitchen and bath dealers, homebuilders, commercial and residential contractors and retail homeowners. Busch Products expanded their business in 2003 when the company moved to a new facility with the assistance of M & T Bank and the GSBDC and utilizing the SBA 504 program. Since the move, and with the purchase of new equipment, workflow has been more efficient, and the company has continued to grow. Sales and employment are up from the previous year. The company has gone from 15 full-time and two part-time to 32 full-time employees as of February 2005. GSBDC is the loan servicing arm of the Greater Syracuse Chamber of Commerce.
2004 - GSBDC Recognizes Terax America for Business Excellence
On May 3rd, the US Small Business Administration hosted their Sixth Annual Small Business Excellence Awards Luncheon, which was held in celebration of National Small Business Week. GSBDC honored our SBA 504 client, Terax America, which was presented an award at the luncheon. Marco Musumeci, Executive Vice President, accepted the award on behalf of the company. Franco Musumeci founded the company in 1984, as he maintained his popular hairstyling salon/day spa in Fayetteville, New York. Terax America is the exclusive distributor of a full line of deep cleaning shampoos, luxurious conditioners, and basic styling products manufactured in Italy. The company has grown considerably through distribution of its product line to various salons and upscale day spas located in Manhattan and Beverly Hills. In 1998, Franco's wife Cindee was hired as the operations manager and moved the company from the salon basement to a warehouse in downtown Syracuse. In 1999, Franco's son Marco graduated from Syracuse University Law School and was brought into the growing company. Marco instituted a new marketing and merchandising program, revamped the warehousing facility and began a nationwide sales program. In 2001, Terax America began construction of a 14,000 sq.ft. warehouse/office facility in Cicero, with the help of an SBA 504 loan through the GSBDC. In 2003, increases in sales revenue prompted a 24,000 sq.ft expansion of the facility. Currently, the company is in negotiations to bring the worldwide production of Terax Hair Care to Cicero, with hopes of a late 2004 beginning. Sales revenues have increased over 600% since 1996, and continue to grow at a pace of 20% per year. Today, Terax America employs six full-time personnel with an additional three hires anticipated this summer. The company projects to add between five and six part-time/full-time jobs over the next 12 months.
2003 - GSBDC Recognizes Dumac Business Systems, Inc. for Business
Excellence
On May 9th, the US Small Business Administration hosted their Fifth
Annual Small Business Excellence Awards Luncheon, which was held
in celebration of National Small Business Week. The Greater Syracuse
Business Development Corporation (GSBDC), the loan financing arm
of the Chamber, honored their SBA 504 client, Dumac Business Systems,
Inc., who was presented an award at the luncheon. Howard McCarthy,
President; David McCarthy, Chairman & CEO; and Shaun O’Brien,
Executive Vice President, accepted the award on behalf of the company.
2002 - GSBDC Recognizes Hansen & Hansen Quality Printing for Business Excellence On May 1st, 2002, the US Small Business Administration hosted their Fourth Annual
Small Business Excellence Awards Luncheon, which was held in celebration of National
Small Business Week. GSBDC honored our SBA 504 client, Hansen & Hansen Quality
Printing, a Division of Syracuse Computer Forms, Inc., who was presented an award
at the luncheon. Michael Hansen, President, and Ted Hansen, Chairman, accepted
the award on behalf of the company. As a printer for brokers and dealers only, Hansen & Hansen has become a leader in the business forms marketplace and the graphic arts community. To reach this point, Michael and Mary have committed to investing in top-of-the-line presses and related equipment to get top quality work out on time at the agreed upon price. Hansen and Hansen has been the recipient of two SBA 504 loans, which were used to purchase and renovate two facilities
2001 - GSBDC Recognizes Haun Welding Supply, Inc. for Business Excellence On May 23, 2001, the US Small Business Administration hosted their Third Annual Small Business Excellence Award Luncheon in celebration of National Small Business Week. At this luncheon, GSBDC honored its SBA 504 client, Haun Welding Supply, Inc., by presenting an award to President, Mark Haun. Haun Welding began in 1935 in the basement of Orval Haun's home where Mr. Haun built welders during the week and sold them on the weekends. Today, the company remains in the Haun family with grandson Mark serving as president and chief executive officer and granddaughter Patti serving as both vice president and branch manager of the Fulton store. Haun Welding distributes a full line of welding equipment and supplies. The firm also owns and operates a modern gas fill plant and is a major supplier of compressed and liquid gases. Over the years the company has expanded to 12 branch locations in New York State and Vermont. The Greater Syracuse Business Development Corporation congratulates Haun Welding for its strong and effective management, which has produced a history of profitable operations.
2000 - GSBDC Recognizes Design Prototyping Technologies, Inc. for Business Excellence On May 25, 2000, the U.S. Small Business Administration hosted their second annual Small Business Excellence Awards Luncheon at which GSBDC honored Design Prototyping Technologies, Inc. (DPT). The company is a rapid parts service bureau established by Michael Rufo and Daniel Sammons in 1993. Using state of the art rapid prototyping (RP) equipment (Stereolithography and Selective Laser Sintering), DPT builds fully functional prototypes from customer generated Computer Aided Design (CAD) files. In contrast to previous prototyping methods that required weeks to deliver a prototype that was representative of the CAD file, using RP equipment allows the prototypes to be delivered in days. These rapid deliveries permit companies such as Black & Decker, Carrier, Welch Allyn and others to rework and test the design a number of times in the same amount of time that was required using the previous methods to fabricate the first evaluation, functional testing and CAD file evaluation. DPT has been the recipient of two SBA 504 loans through GSBDC, which were used to purchase equipment and help DPT continue growing their business.
1999 - GSBDC Recognizes Allen Tool Phoenix, Inc. for Business Excellence On May 25, 1999, the U.S. Small Business Administration hosted their first annual Small Business Excellence Awards Luncheon at which GSBDC honored Allen Tool Phoenix, Inc. Cheryl Maines, the present stockholder, established the company in 1991 when her former employer discontinued operations. Cheryl and another co-worker, Richard Cook, knew the business and customer base and decided to start a similar business using their knowledge of the market place. Allen Tool operates as a close tolerance machine shop and specializes in machining and welding parts of a rocket engine (upper stage propulsion on unmanned RL10 engines) for one of their major customers, Pratt Whitney. In 1996, Cheryl bought out her partner and is the sole owner of the company. The company is projecting that sales will continue to increase and expects to continue adding to their current employment of 20, as Allen Tool's customer base enlarges. The Greater Syracuse Business Development Corporation congratulates Cheryl Maines for establishing and growing a small business and creating jobs in the Central New York community. GSBDC says Allen Tool Phoenix exemplifies the type of customers the 504 program targets.
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Peggy
Adams, Executive Director of GSBDC, in 2002 received the Financial
Services Advocate Award for the Syracuse District Office of the
US Small Business Administration, which includes 34 upstate New
York counties.
©Greater Syracuse Business Development Corporation