Monday, September 01, 2014

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Hudson Valley

SEED helping local entrepreneurs

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Albany/HV: SEED helping local entrepreneurs
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ALBANY, N.Y. -- Entrepreneurs know to plant many seeds for their business to grow and a local partnership, appropriately named SEED, the Small Enterprise Economic Development, is making that happen right here in the Capital Region.

In just six months, 16 entrepreneurs have been trained and financed for success.

SEED is a collaboration between UAlbany, SEFCU and Empire State Development. More than $2.5 million is available in funding. Each business can get up to $35,000 per loan.

Recent success stories include local restaurants, a recyclables redemption center and a web portal for young people with disabilities.

It not only funds start-ups, but businesses already in existence.

"I've always had a dream and a goal to have a really large salon, a great team and great services. Somewhere that's really serene and relaxing for ethnic women to come and get their hair done. And it's (SEED) really allowed me to jump start that," said Kerri-An Wilson, Heaven on Earth Beauty Salon owner.

Wilson is expanding her business. A grand opening will happen February 6th at 330 Central Avenue. ClientIP:, UserAgent: CCBot/2.0 ( Profile: TWCSAMLSP