Tuesday, February 23, 2010

Champlain Bridge Business Assistance Center Established

The Albany regional Small Business Development Center (SBDC), an affiliate of the University at Albany’s School of Business, is establishing the Champlain Bridge Business Assistance Center, an “emergency outreach office” to assist small businesses that have been adversely affected by the closing and demolition of the Champlain Bridge. The Center opened Feb. 18, at 3259 Broad Street in Port Henry.

The Champlain Bridge Business Assistance Center will help interested business owners plan how to transition and maintain the viability of their businesses during construction of the new bridge. The SBDC, along with strategic partners, will offer assistance to dislocated workers who cannot afford the long commute around Lake Champlain to jobs in Vermont and may be interested in starting a business. The Albany SBDC is collaborating with the North Country SBDC located at SUNY Plattsburgh to provide staff for the counseling and outreach efforts.

Services offered will include assessment of impact, identification of NYS Champlain Bridge Relief Programs, application assistance for these programs, market research, cost analysis/financial management, identifying sources of capital and business growth strategies.

The bridge, which crossed Lake Champlain between Crown Point, NY and Chimney Point, VT, was demolished in December, cutting off a vital connection. Construction of a new bridge is expected to be complete in late summer 2011.

The SBDC program is funded through the Small Business Administration, New York State, and the State University of New York.

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