Adirondack Economic Development Corporation

Saranac Lake NY


The Adirondack Economic Development Corporation (AEDC) was formed in 1984 to promote business development in the Adirondack region of New York. Economic development presents unique challenges in this rural area due in part to the pattern of land ownership in the Adirondack Park region; small business entrepreneurs also have difficulty gaining access to capital. The AEDC was created to help remedy this situation. It is currently in the process of developing a new lending program the Adirondack Community Investment Fund.

CDFI Awards for Adirondack Economic Development Corporation


SECA (2002) - $43,300

The technical assistance award will help AEDC develop a venture capital fund to target existing tourism-related businesses, design appropriately flexible financing products, and provide staff members with tourism-focused financial training.



SECA (1999) - $53,000

The AEDC will use the TA award from the CDFI Fund for consulting training and technology.



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