Farmingdale Small Business Development Center awarding $1000 grants for various business needs.
The Farmingdale Small Business Development Center (SBDC) on the campus of Farmingdale State College, has been awarded a $30,000 grant from Capital One, a lending partner and supporter to the Center, to provide minority students and alumni of the College living and working on Long Island, with training, business advisement and financial start-up support to help create a pathway to self-employment and to ensure the participants of the program develop a successful business foundation for growth. The SBDC will support aspiring small business owners with individual grant funding up to $1000.00 for various business needs. A total of $25,000.00 in grants will be awarded.
This new initiative was inspired by the Farmingdale State College NAACP chapter as it conducted a student-led initiative to measure students' perceptions of systemic racism. They gathered and analyzed qualitative survey data with which the group submitted a resolution to support student entrepreneurs with technical assistance and grants to the President of the College, Dr. John S. Nader. Consistent with the State University of New York’s (SUNY) and the College’s commitment to diversity, equity, and inclusion, Dr. Nader charged the SBDC on campus to work toward a program to carry out this effort.
Applications for program participants are being accepted at this time and the funding awards and assistance will begin in December 2021. The SBDC will support small business owners with grants up to $1000.00 for various business needs.
For full details on eligibility and program requirements contact Sarah Shilstone at 934-420-2886 or Email.
The Farmingdale SBDC is located on the campus of Farmingdale State College and provides free, one-on-one business advising. This free technical assistance is available to anyone who wants to start a business or who already owns a business. Services range from answering startup and business structure questions to assisting with business plans, cash flow projections, marketing plans, and loan information.
As the largest of SUNY’s colleges of technology (nearly 10,000 students), Farmingdale State College equips students with the resources and knowledge sought by today’s emerging industries. Offering both bachelor and associate degrees, FSC introduced its first Master’s degree – Technology Management - in 2017. At FSC, students learn in small, personalized classes and have abundant opportunities for applied learning—internships, clinical training, and guided research—that provide practical instruction and personal growth. The mission of Farmingdale State College is to deliver exceptional academic and applied learning outcomes through scholarship, research, and student engagement for Long Island and beyond. The College’s commitment to student-centered learning and inclusiveness prepares graduates to be exemplary citizens equipped to excel in a competitive, diverse, and technologically dynamic society. For more information, go to Farmingdale.edu.