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Martha Stansbury

Martha Stansbury. Photo by Chelsea McKenna,  Finishing Touch

Stony Brook University’s Economic Development Office has named Martha Stansbury director of the Small Business Development Center (SBDC) at Stony Brook. It was announced by Peter Donnelly, Associate Vice President for Technology Partnerships, Economic Development. Stansbury has worked with SBDC at Stony Brook as the center administrator since 2017 developing budgets as well as managing operations. She will report to Donnelly in her new role.

Stansbury will oversee a team of eight at SBDC at Stony Brook. The Center is located at the university’s Research and Development Park (Building 17) in Stony Brook, New York.

SBDC at Stony Brook provides free, one-on-one, confidential business advising in areas including business planning, marketing, fiscal management, access to capital and technology transfer. The Center will help  assist entrepreneurs, business and industry leaders to solve  their problems and  increase productivity and profitability.

“Martha will bring a wealth of experience, passion and vision to SBDC at Stony Brook in her new role,” said Donnelly. “Martha’s commitment to community engagement is also evident through her many external roles including as a member of the Women Economic Developers of Long Island serving in the roles as vice president and president. Martha has also been a trustee of the Three Village Chamber of Commerce and was voted in 2020 to her present role as treasurer. Last year, Martha received the Chamber’s Roy Dragoda Award for 15 years of community service with the Chamber and voted as the 2024 Member of the Year for her contributions to the Chamber’s financial management system.”

The New York Small Business Development Center (NY SBDC) comprises 20 campus-based centers and outreach offices (including the SBDC at Stony Brook) across New York State. NY SBDC  is overseen by the State University of New York (SUNY) System Administration. Since 1984, NY SBDC has helped 582,806 state residents. $8.7B has been used so far to start or expand businesses with 263,997 jobs created/saved. It is part of the US Small Business Development Centers (SBDCs), which funds the NY SBDC.

“I am honored to have been given the opportunity to lead the Small Business Development Center at Stony Brook as the New York State-wide network embarks on its 40th year, “ said Stansbury. “Together with the Center’s experienced NYS Certified Business Advisors and support from Economic Development, I will endeavor to increase the economic impact our Center has in the small-to-medium-size enterprise arena throughout Suffolk County.”

Previous to her present position, the East Setauket resident has also served as a management consultant where she provided facility management of Stony Brook University’s Business Incubator and Agriculture Consumer Center. She also served as a business manager for Gallery North; a management consultant,  accounting systems manager for an international LCD distributor ; assistant to the director of development at Boston College; and a Commercial Real Estate Analyst for the Bank of New England. Stansbury  earned her MBA from Fordham Gabelli School of Business and a bachelor’s degree in early childhood education and teaching from Boston College.

The Three Village Chamber of Commerce honored three dedicated residents for their service to the business community at their annual Awards Dinner at the Three Village Inn in Stony Brook on June 14. 

John McGregor, pictured above with Town of Brookhaven Councilmember Jonathan Kornreich, Town of Brookhaven Supervisor Ed Romaine and Charlie Lefkowitz, was honored as Member of the Year. Recipients of this award have shown to go above and beyond to support the Chamber and its mission. A member of the chamber for 8 years, he is Senior Vice President at Island Federal Credit Union and also a member of the Three Village Dads.

Martha Stansbury, pictured in top right photo with Supervisor Romaine, Ed Gutleber, Nicole Sarno, Charlie Lefkowitz, and Councilmember Kornreich, was presented with the Roy Dragota Award, named after the founder of the Three Village Chamber, for her outstanding commitment to and participation in the Chamber. Stansbury has served the chamber for 15+ years and currently serves as Treasurer.

Hope Kinney, pictured on right with Suffolk County Legislator Kara Hahn, David Prestia, Supervisor Romaine, and Councilmember Kornreich, received the Harold Pryor Award which is bestowed upon an individual that demonstrates a commitment to the Three Village Community through their faithful service. Kinney is the President of the Rotary Club of Stony Brook and is on the board of the Three Village Community Trust.