HVEDC Receives NYSEG Grant For ‘Bet on Business’ Academy

John Jordan | August 2015

NEW WINDSOR— Hudson Valley Economic Development Corp. reported recently it had received a grant from the New York State Electric & Gas (NYSEG) Corp. for its groundbreaking “Bet on My Business Academy” initiative.

The pilot program, part of HVEDC’s Hudson Valley Food & Beverage Alliance, aims to help local entrepreneurs in the food and beverage industries learn how to meet the needs of larger companies—including gaming facilities, hotels and other tourist destinations—that may wish to purchase their goods and services.

“We are thrilled to receive this grant to help fund our innovative Bet on My Business Academy, which will help local business owners address a very real challenge—how to scale up to effectively sell their products to significantly larger clients,” said Laurence P. Gottlieb, president and CEO of HVEDC. “The food and beverage industry in the Hudson Valley has seen tremendous growth in recent years, and we are excited to help these companies better understand what it takes to sell to customers that will make consistent purchases at much higher volumes.”

The Bet on My Business Academy will be an immersive onsite job shadowing and classroom training program for business executives from the food and beverage industry across the Hudson Valley and beyond. Participants in the program will explore numerous key topic areas, including contracting, purchasing, logistics and customer service, while learning how to build the infrastructure needed to sustain strong relationships with large, high-volume clients.

“We believe that HVEDC’s Bet on My Business Academy will be a standout program that will have a real impact on businesses throughout the Hudson Valley, benefiting the regional economy and ultimately a program that could provide benefits across New York,” said Joe Rizzo, Manager, Economic Development and Community Relations at NYSEG and Rockland Gas & Energy (RG&E). “We look forward to seeing the results of this outstanding initiative.”

In developing the curriculum, HVEDC is partnering with Hospitality Resource Group, a top hospitality training firm that has created customized programs for large companies such as Crowne Plaza Hotels and Resorts, Dolce Hotels and Resorts, Hilton Worldwide and Marriott International Hotels and Resorts. Subject content will include culinary operations, sales and marketing, on-premise operations and purchasing, inventory and vendor management, among other important topics.

“Over the past several years, the Hudson Valley Food and Beverage Alliance has helped numerous businesses grow and thrive in our region, and this is the next logical step,” said Jim Laurito, chair of the HVEDC Board of Directors. “We believe this program will give business owners and executives the resources and knowledge they need to move their companies forward in meaningful and sustainable ways.”

John Jordan
Editor, Real Estate In-Depth