New York State Industries for the Disabled, Inc. (NYSID) Market Research Report
Background
Overview
Established in 1975, New York State Industries for the Disabled, Inc. (NYSID) is a not-for-profit membership organization headquartered in Albany, New York. NYSID's mission is to advance employment and other opportunities for individuals with disabilities and qualified veterans. The organization operates through a statewide network of over 130 non-profit disability service provider agencies and private sector business partners, facilitating employment opportunities for nearly 6,000 New Yorkers with disabilities annually.
Mission and Vision
NYSID is dedicated to creating meaningful employment and wage opportunities for individuals who typically experience barriers to inclusion in the workplace. By leveraging the state's Preferred Source Program, NYSID ensures that state and local government agencies, as well as private sector businesses, can procure products and services that contribute to the economic empowerment of individuals with disabilities.
Industry Significance
As a facilitating agency for New York State's Preferred Source Program, NYSID plays a pivotal role in integrating individuals with disabilities into the workforce. The organization's efforts have led to significant economic contributions, including generating $368.9 million in economic output in New York State in 2018.
Key Strategic Focus
Core Objectives
- Employment Creation: Facilitate job opportunities for individuals with disabilities and qualified veterans through the Preferred Source Program and private sector partnerships.
- Economic Empowerment: Enhance the financial independence and self-esteem of individuals with disabilities by providing stable employment.
- Inclusive Workforce Development: Promote diversity and inclusion within the New York State workforce by integrating individuals with disabilities into various employment sectors.
Areas of Specialization
- Preferred Source Procurement: Offer a range of products and services approved by the New York State Office of General Services, including janitorial services, document imaging, industrial laundry, and office staffing.
- Partnerships with Private Sector: Collaborate with private businesses to diversify supply chains and create additional employment opportunities for individuals with disabilities.
Key Technologies Utilized
- Data Imaging and Document Management: Implement advanced technologies for scanning, storage, and retrieval of documents, facilitating efficient information management.
- Secure Document Destruction: Utilize certified methods for secure information destruction, ensuring compliance with industry standards.
Primary Markets Targeted
- Government Agencies: Provide products and services to state and local government entities, fulfilling procurement needs through the Preferred Source Program.
- Private Sector Businesses: Partner with private companies to offer employment opportunities and diversify their supply chains.
Financials and Funding
Funding History
As a 501(c)(3) non-profit organization, NYSID's funding primarily comes from contracts with government agencies and private sector businesses. In 2018, NYSID managed a portfolio of $254 million in contracts, employing 6,565 individuals with disabilities.
Recent Funding Rounds
Specific details regarding recent funding rounds are not publicly disclosed. However, NYSID's financial stability is supported by its extensive network of contracts and partnerships.
Notable Investors
NYSID's "investors" are primarily its partners, including various government agencies and private sector businesses that engage in contracts and collaborations to provide employment opportunities for individuals with disabilities.
Utilization of Capital
The capital generated through contracts and partnerships is utilized to support the operational costs of NYSID, including program development, staff salaries, and the expansion of employment opportunities for individuals with disabilities.
Pipeline Development
Key Pipeline Candidates
NYSID's pipeline consists of various employment opportunities facilitated through its Preferred Source Program and private sector partnerships. These opportunities span multiple sectors, including:
- Janitorial Services: Providing cleaning and maintenance services to government buildings and private businesses.
- Document Imaging and Management: Offering data imaging and secure document destruction services to organizations requiring efficient information management.
- Industrial Laundry Services: Supplying laundry services to institutions such as hospitals and hotels.
- Office Staffing: Providing temporary office and warehouse personnel to meet staffing needs across various industries.
Stages of Development
These employment opportunities are in various stages, from initial contract negotiations to full-scale implementation, depending on the specific needs of the clients and the capabilities of NYSID's member agencies.
Target Conditions
The primary focus is on creating employment opportunities for individuals with disabilities and qualified veterans, addressing the high unemployment rates within these communities.
Anticipated Milestones
NYSID aims to expand its network of contracts and partnerships, continually increasing the number of employment opportunities available to individuals with disabilities. Specific milestones include the onboarding of new contracts and the successful integration of individuals into various employment roles.
Technological Platform and Innovation
Proprietary Technologies
NYSID leverages proprietary technologies in data imaging and secure document destruction to provide efficient and secure services to its clients. These technologies are tailored to meet the specific needs of government agencies and private sector businesses.
Significant Scientific Methods
- Data Imaging: Utilizing advanced scanning and storage technologies to convert physical documents into digital formats, facilitating easier access and management.
- Secure Document Destruction: Implementing certified methods to ensure the complete destruction of sensitive information, maintaining confidentiality and compliance with industry standards.
AI-Driven Capabilities
While specific AI-driven capabilities are not detailed, NYSID's focus on efficient data management and secure document destruction suggests the potential integration of AI technologies to enhance service delivery.
Leadership Team
Executive Profiles
- Maureen O'Brien: President and Chief Executive Officer. Maureen has been instrumental in leading NYSID's initiatives to expand employment opportunities for individuals with disabilities.
- David Aziz: Chief Financial Officer. David oversees the financial operations of NYSID, ensuring fiscal responsibility and sustainability.
- Eileen J. McCarthy: Chief of Staff and General Counsel. Eileen provides legal guidance and strategic support to the organization.
- Sarah DeVoe: Chief Compliance Officer. Sarah ensures that NYSID adheres to all regulatory requirements and maintains high standards of compliance.
- Joseph Messina: Vice President of Sales. Joseph leads the sales team, driving growth and fostering relationships with clients.
Leadership Changes
In January 2024, Patrick Bardsley was appointed as the new Chair of the Board of Directors, succeeding his role as Vice Chair. Patrick is the CEO and co-founder of Spectrum Designs Foundation and has been recognized for his leadership in creating employment opportunities for individuals with disabilities.
Competitor Profile
Market Insights and Dynamics
The market for employment services for individuals with disabilities is characterized by a growing emphasis on inclusivity and diversity in the workforce. Organizations like NYSID are at the forefront of this movement, creating significant economic and social value. In 2018, NYSID's contracts generated $368.9 million in economic output in New York State.
Competitor Analysis
- YAI: A non-profit organization serving individuals with intellectual and developmental disabilities, offering a wide range of programs and services across New York, New Jersey, and California.
- Fedcap Rehabilitation Services: Provides vocational training and employment resources to individuals facing barriers to employment, operating in New York, New Jersey, and Washington, D.C.
Strategic Collaborations and Partnerships
NYSID has established several strategic partnerships to enhance its impact:
- Hill & Markes, Inc.: In July 2021, NYSID and Hill & Markes announced a partnership to boost economic opportunities for individuals with disabilities and streamline product distribution throughout New York State.
- Northeast Grocery, Inc.: In July 2024, NYSID partnered with Northeast Grocery, Inc., the parent company of Price Chopper/Market 32 and Tops Friendly Markets, to expand corporate administrative employment for individuals with disabilities.
Operational Insights
