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January 10, 2008

Farmingdale Small Business Advisor Wins National Award

Walter Reid receives Star Performer award at ASBDC Conference in Denver , CO
Walter Reid receives Star Performer award
at ASBDC Conference in Denver , CO
The Association of Small Business Development Centers (ASBDC) recognized Walter Reid, certified business advisor at the Farmingdale State Small Business Development Center (SBDC), as the 2007 State Star of the NYS SBDC network. Farmingdale State College is part of the State University of New York.

The State Star designation recognizes outstanding achievement in high quality business counseling and distinguished, long-term service in terms of economic development. Certified Business Advisor Walter Reid was honored as part of the ASBDC National Conference held in September in Denver , Colorado .

"I am pleased to make this announcement, and to recognize Walter Reid for his extraordinary contributions to small businesses in Nassau and Suffolk County ," said Farmingdale SBDC Regional Director Lucille Wesnofske . "Walter Reid excels in providing outstanding service to all of his clients."

Since joining the Farmingdale SBDC in 2002, Reid's commitment to excellence has enabled many of his clients to start and grow businesses, creating jobs and generating economic impact for the Long Island region. Between 2002 and 2007, Reid counseled 1330 clients. Clients working with him to start or grow their businesses invested more than $32.4 million in New York State , and created or saved more than 750 jobs. Numerous clients have praised Reid's dedication and hard work on their behalf. Many have stated that they would not be in business today without his advice and support.

Walter Reid's outstanding work has been recognized in previous years. Prior to working at the Farmingdale SBDC, Reid worked with the SBDC at the College of Staten Island . In 2000, he was recognized by the Staten Island Chamber of Commerce and the Staten Island Advance for his role in helping to amend a federal regulation (33 CFR 165) relating to navigation in limited access areas (waterways). The amendment to the regulation impacted the continuing operation of 32 small businesses and saved 190 jobs in the northeast corridor. In recognition of his efforts, the National Association of Management and Technical Assistance Centers (NAMTAC) presented Reid with their "Outstanding Project of the Year" award in 2000. In 2006, the NYS SBDC program named Reid as their "Counselor of the Year."

America 's Small Business Development Center Network is a partnership that unites private enterprise, government, higher education, and local nonprofit economic development organizations. It is the Small Business Administration's largest partnership program, providing management and technical assistance to help Americans start, run, and grow their own businesses. With more than 1,000 centers across the nation, the SBDC network assists about 600,000 small businesses every year in face-to-face counseling and training.

Since its inception in 1984, the New York SBDC has worked directly with more than 270,200 businesses, helping them invest nearly $3.4 billion in the state's economy, and creating or saving approximately 127,000 jobs . The program is funded by the U.S. Small Business Administration, the State of New York , and host campuses, and administered by the State University of New York.

For more information on the SBDC visit us on the Web at www.nyssbdc.org .