Sharon Newman Named To NY Federal Reserve Bank’s Small Business Advisory Council

What They Think?:

Sharon Newman, president of printing company Action Envelope, has been appointed to a three-year term with the Small Business Advisory Council of the New York Federal Reserve Bank. She is the sole woman and the only Long Islander in the nine member council, which includes small business owners from New York, New Jersey and Connecticut.

“It’s very exciting to have been selected as the Long Island small business representative to this prestigious group. Attending briefings on national and regional markets presented by leading economists has provided me with a much larger perspective and has had an impact on how I look at the nature of the Long Island business community,” said Ms. Newman. For example, the recent decline in housing prices may have a trickle-down effect on many businesses, potentially sapping consumer confidence and stalling growth.

Newman was a stay at home mom when her husband Ken founded Action Envelope in 1971 as a distributor of plain and printed envelopes. When he died unexpectedly in 1993, Newman was left with three young children and no business experience. She jumped in, learned the business and kept the company growing. In 2000, her son Seth Newman joined the company, and the firm made its first foray onto the internet.

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