Community Frank G. Zarb School of Business Scott Skodnek Business Development Center

Local Entrepreneurs Win Seed Money in Hofstra-Capital One Bank Business Plan Contest

Business Plan Competition winners Laura Boehm, RItma Sood and Linda Scainetti with Associate Dean Judith Tyne (center).

 

Entrepreneurs from Bethpage, Old Bethpage and Ozone Park win seed funding for their businesses as winners of the 2013 Entrepreneurial Assistance Program Business Plan Competition sponsored by Capital One Bank. Throughout the fall of 2013, Capital One Bank Small Business Bankers served as mentors to participants of Hofstra University’s Skodnek Business Development Center’s Entrepreneurial Assistance Program (EAP). The bankers advised EAP clients to effectively develop business plans and financial systems for starting and expanding their businesses.

The winners are:

  • Ritima Sood  of Bethpage – awarded $2,500 to grow and expand Artiems, a software development and e-commerce business providing cutting edge, high quality and cost effective technology solutions for small to medium size businesses. Ms. Sood is a database and systems analyst with 20 years’ experience in Information Technology.
  •  Linda Scainetti of Old Bethpage – awarded $1,500 to grow and expand DesignWorks, a commercial interior design business started in 2001.   The business provides a full range of services to commercial clients including building plans, space planning, renovation and design, construction drawings, lobby design and furniture selections.  Ms. Scainetti has over 25 years’ experience in the interior design industry and worked for top interior design firms.
  • Laura Boehm of Ozone Park, Queens – awarded $1,000 to grow and expand LMB Consultants, started in 1987 assisting New York City building owners, agents, attorneys, banks and tenants with managing filings and permits for city departments. LMB Consultants specializes in expediting issues with DEP (Dept. of Environmental Protection), DOH (Dept. of Health), DOB (Dept. of Buildings), Fire Departments, Consumer Affairs, and the Environmental Control Board.

Three winners were selected on feasibility of the business, quality of the plan, research/analysis, demonstration of growth in the industry and target market, and development of financials.   Participants presented their business idea during  Hofstra’s Shark Tank on December 12 , 2013.   A panel of “sharks” evaluated participants on their presentations and business plans.  Since its founding in 1991, the EAP has enrolled over 1,190 entrepreneurs who have since launched 383 businesses, generated $23M in sales revenue, created 881 jobs and secured over $15M in financing.

 

Photo: (From left to right) Business Plan Competition winners Laura Boehm and Ritma Sood, Hofstra Associate Dean Judith Tyne and winner Linda Scainetti

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