News Summary
Jim King, the co-founder and longtime executive director of the New York Small Business Development Center (NYSBDC), has passed away at the age of 73. Known for his influential role in supporting small businesses across New York State, King dedicated over three decades to expanding resources for entrepreneurs. His leadership saw the NYSBDC grow into a crucial support network, particularly during challenging times such as the September 11 attacks and the Great Recession. His legacy in economic development will continue to inspire future generations.
Albany, NY – Jim King, the co-founder and long-time executive director of the New York Small Business Development Center (NYSBDC), passed away at the age of 73. His death was announced on a Wednesday, marking the end of a significant chapter in small business support in New York State.
King, who retired in 2017, served as the executive director for 33 years, during which he was instrumental in building the NYSBDC into a vital resource for entrepreneurs across the state. Under his leadership, the organization expanded into a network of 24 regional centers and over 70 outreach locations, providing crucial support to small businesses.
The impact of King’s work is reflected in the tens of thousands of entrepreneurs who received one-on-one advisement and business support each year. His vision and dedication were pivotal in creating a small business support network that has become recognized as one of the most enduring and impactful economic support programs in New York.
In addition to his role at NYSBDC, King was known for his collaborative efforts with legislators, economic development agencies, and leaders in higher education. These partnerships helped secure long-term support for small businesses, which he viewed as essential to the community and family prosperity.
Contributions and Challenges
King’s tenure at NYSBDC was marked by his leadership during significant challenges, including the aftermath of the September 11 attacks and the Great Recession. He emphasized the need for robust support systems for small businesses, particularly in times of crisis.
His leadership style was described as transformational, and his ability to guide organizations through difficult periods has been widely recognized. King’s contributions were not only felt in New York but also resonated throughout the national network of Small Business Development Centers (SBDCs), where he served as a mentor to many.
Legacy in Economic Development
Current NYSBDC state director Sonya Smith noted King’s critical role in economic development within the state. His warm sense of humor and approachable demeanor made him a beloved figure among peers and those he aided. His lengthy career dedicated to small businesses has left a lasting legacy that will be felt for years to come.
King’s commitment to supporting entrepreneurs and fostering a nurturing environment for small business growth has fundamentally changed the landscape of small business assistance in New York. His dedication and the structures he put in place have enabled countless small businesses to thrive, adapt, and maintain their roles as vital components of the local economy.
Looking Ahead
The NYSBDC organization now faces the challenge of continuing King’s legacy. His work set a standard for excellence in small business development, and while his presence will be sorely missed, the foundation he built will continue to support innovative and ambitious entrepreneurs across the state.
In remembering Jim King, the community reflects on his enduring contributions to economic support, business development, and the overall vitality of New York’s small businesses. His leadership may have ended, but the impact of his work will carry on, influencing future generations of entrepreneurs.
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Additional Resources
- Syracuse.com: New Businesses in Central NY
- Wikipedia: Small Business Development Center
- Talking Biz News: Syracuse Daily Seeks a Business Reporter
- Google Search: Small Business Support
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- Google Scholar: Small Business Development Economic Support
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- Encyclopedia Britannica: Pandemic Relief Grant
