amny.com43%
REPORT: NYC Small Business Development Centers spurred hundreds of new businesses and millions in funding 48%
By Sadie Brown49%
8/3/2026, 2:48:11 PM
BS Summary: This article contains 17 faulty reasoning types, including Appeal to Emotion, Availability Heuristic, and Post Hoc (False Cause), with Halo Effect as the most egregious example at 12.7% saturation with 86 hits. Analysis detected 831 faulty-reasoning hits from 678 analyzed words, generating a BS Score of 41.4% and a BS Rank of 48% (15,859 of 30,209 articles). This article is better (less manipulative) than 52.50% of the article peer group.
Governor Kathy Hochul released Friday the 2025 annual report for New York Small Business Development Centers (New York SBDC), breaking down the impact of the 20 centers across the state offering free and paid help, training and resources to small businesses.
The report showed that in 2025 SBDCs in the five boroughs served over 4,800 clients who started over 330 businesses, generating or maintaining more than 9,300 jobs and spurring close to $41 million in investment.
“Small businesses are one of New York’s most important engines of job creation and economic opportunity,” Hochul said in a message leading the report.
“They employ our neighbors, support family livelihoods, create career pathways, provide essential services and anchor communities across the state.
When we assist an entrepreneur start, stabilize or grow, we are helping New Yorkers go to work and communities move forward.”
Topping out the list in NYC SBDC investments was Staten Island with over $13 million in funding for the 754 clients in Richmond County.
The borough also led the city’s numbers in jobs created or maintained with more than 2,300, followed closely by Brooklyn with more than 2,100 and Queens with more than 2,000 jobs created or maintained in 2025 through SBDC programs.
State Director at New York SBDC Sonya Smith said that in the more than 40 years that the centers have operated across the state, they’ve helped small businesses and entrepreneurs in New York excel, boasting an 80% five-year survival rate, around 30% higher than the national five-year average of close to 50%.
“They grow faster, hire more, and outperform businesses that go it alone,” Smith said.
“For every $1 invested in the SBDC, the SBDC delivers $4 in measurable return.”
The report highlighted some success stories, like Roderick Soto of Bush Box LLC, a Boxing Gym which expanded into a new space on Dekalb Avenue after outgrowing its original location.
SBDC said that after working with a Brooklyn advisor, Bush Box was able to secure a six-figure loan that allowed them to transition into a new space and accommodate their growing business.
SBDC highlights longterm success stories too, like Brittany Furnani and Cristian Abbrancati who opened Nose Best Candles in 2022 after falling in love with candle making during the pandemic.
What started as a hobby, transformed into a brick and mortar location offering retail and community events like candle making and perfume workshops with the help of the PACE University SBDC.
"Pace SBDC has been pivotal in assisting us with grants, business loans, and opportunities that would have otherwise been missed by us just because we are often hyper-focused on the operations of our candle shop day to day," Furnai and Abbrancati said.
"They have helped us feel like we are part of a community and always have a place to reach out to if we are in a bind, need mentorship/advice, or a brainstorm."
The SBDC is funded through the Small Business Administration and administered through the State University of New York (SUNY).
Its centers are hosted on local college campuses, like SUNY, CUNY and PACE University, but the program also has some 70 statewide satellite offices located in community hubs like chambers of commerce, local libraries and business improvement districts.
Prospective clients can sign up online to book an appointment and be matched with a business advisor.
They can then access online resources like webinars and workshops and once matched with a personalized advisor will be able to meet for one-on-one help with things like business plans, compliance, marketing, financial planning and more.
The report also revealed that the SBDCs in NYC will be expanding this coming year with a new location.
CUNY Chancellor Félix Matos Rodríguez announced in a note that Upper Manhattan would be getting its own SBDC hosted at the City College of New York.
“As CUNY’s founding institution, CCNY brings a powerful legacy of access and public purpose to this work, expanding support for entrepreneurs and small businesses across Upper Manhattan,” he said.
Speakers
3speakers33%attributed speech452writer words
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100%flagged-word coverageSonya Smith
66 attributed words29% of attributed speech87% writer coverage
Attribution is sentence-level. Pattern percentages are calculated only from words assigned to that voice.
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