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NEW YORK STATE ECONOMIC DEVELOPMENT COUNCIL INC
ALBANY, NY · EIN 166064598 · Form 990 · FY2024 · Medium ($1M-$10M) · nysedc.org
revenue
$1.6M
expenses
$1.5M
net assets
$855K
employees
5
mission · from form 990

THE PURPOSE OF NYSEDC IS TO PROMOTE THE ECONOMIC DEVELOPMENT OF NEW YORK STATE AND ITS COMMUNITIES; TO ENCOURAGE SOUND BUSINESS PRACTICES IN THE CONDUCT OF REGIONAL AND STATEWIDE DEVELOPMENT PROGRAMS; AND TO DEVELOP EDUCATIONAL PROGRAMS THAT ENHANCE THE PROFESSIONAL DEVELOPMENT SKILLS OF NYSEDC MEMBERS.

profile · synthesized from sources

New York State Economic Development Council Inc (NYSEDC) promotes economic development across New York State by fostering collaboration among public and private stakeholders. It supports regional and statewide development initiatives, advocates for sound business practices, and provides professional development opportunities for its members. The organization hosts an annual conference to convene economic development leaders, share best practices, and shape policy recommendations for the state.

named programs · 4 · from sources

What they call their work

Blueprint for the Future of New York State's Economy
Joint initiative with The Business Council of New York State to develop a competitiveness report with policy recommendations for economic growth
NYSEDC Economic Development Conference
Annual conference convening economic development professionals to discuss policy, share best practices, and network
Research-Based Economic Development – Partnering with CATs and COEs
Program promoting collaboration between academic research centers (CATs and COEs) and economic development organizations to commercialize technology and drive innovation
Women in Power: The Future of New York's Energy Infrastructure and Ecosystem
Panel discussion highlighting women leaders in New York's utility sector and their impact on energy policy and infrastructure
activities · 5 groups

What they do

  • Policy Advocacy & Research 1 activity
    • Advance state economic development policy through advocacy and analysis
      Partners with organizations like The Business Council of New York State to develop competitiveness reports with policy recommendations for the Governor and legislature; provides mid-year and post-legislative session policy updates analyzing implications for IDAs and broader economic development strategy in New York State.
  • Professional Networking Events 1 activity
    • Host annual and periodic conferences and summits for economic development professionals
      Organizes an annual Economic Development Conference and Annual Meeting, including Leadership and Policy Summits in locations such as Albany, White Plains, and Cooperstown, featuring keynote addresses, book signings, welcome receptions, and networking events to convene hundreds of professionals from New York and the tri-state area for peer exchange and policy dialogue.
  • Industry and Community Recognition Awards 1 activity
    • Recognize excellence in economic development through awards program
      Administers an annual awards program honoring achievements in economic development across categories such as programs, partnerships, marketing, and leadership; presents awards during the annual meeting to promote recognition and professional exchange among members.
  • Women's Leadership & Career Advancement Networks 1 activity
    • Support women’s leadership and diversity in economic development
      Operates the Women’s Leadership and Diversity Council, which includes launching mentorship programs pairing experienced professionals with young professionals, developing guidelines, hosting webinars and roundtable discussions, organizing networking opportunities, and administering the Linda J. Hill Scholarship Program that covers course costs and includes participation in council activities.
  • Uncategorized 3 activities
    • Administer professional development and training programs for economic development practitioners
      Offers the Basic Economic Development Course, a comprehensive program in economic development fundamentals delivered through instruction, peer learning, and case studies; this course fulfills core prerequisites for the Certified Economic Developer (CEcD) credential and is equivalent to 3 graduate-level credits at SUNY Empire State University's Master's program in Community and Economic Development.
    • Conduct state-mandated board training for IDA board members
      Hosts state-approved Board Training Sessions for IDA board members in collaboration with the New York State Authorities Budget Office, fulfilling legal training requirements under Section 2824 of the Public Authority Law by covering fiduciary, financial, ethical, and legal responsibilities.
    • Deliver IDA-specific training academies on operational best practices and legal compliance
      Administers the Summer and Fall IDA Academies annually to train IDA staff and executives on best practices, legal powers, tools, public policy, operational efficiency, and housing development strategies; includes sessions on case studies such as shovel-ready site preparation, clean tech corridors, downtown revitalization, and affordable housing initiatives.
financials · form 990 · fy2024
revenue
Total revenue$1.57M
Contributions & grants$00%
Program service revenue$1.54M98%
Investment income$17K1%
Other revenue$15K
expenses
Total expenses$1.51M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$548K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$1.26M
Cash$766K
Investments$0
Liabilities$407K
Net assets$855K
Liquid reserves6.1 mo
5 years on record · 2020–2024 · YoY revenue -5.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
RYAN SILVA EXECUTIVE DIRECTOR 40 $222K
board members · 24
  • ARTHUR HAMLIN — AREA DIRECTOR
  • BOB PETROVICH — DIRECTOR-AT-LARGE
  • BRIDGET GIBBONS — VICE CHAIR
  • BRITTANY DAVIS — VICE CHAIR
  • CRICKETT THOMAS-O'DELL — AREA DIRECTOR
  • DR MARNIE LAVIGNE — DIRECTOR-AT-LARGE
  • DR RODGER RAMSAMMY — DIRECTOR-AT-LARGE
  • ELENA GARUC — SECRETARY
  • EMILY MARCUS — AREA DIRECTOR
  • FREDERICK C BRAUN — AREA DIRECTOR
  • HEATHER DEVITT — DIRECTOR-AT-LARGE
  • HEATHER MCDANIEL — AREA DIRECTOR
  • HONORA SPILLANE — DIRECTOR-AT-LARGE
  • JAMIE JOHNSON — IMMEDIATE PAST CHAIR
  • JOE SAYRE — DIRECTOR-AT-LARGE
  • JOHN CAPPELLINO — AREA DIRECTOR
  • JOHN PISECK — DIRECTOR-AT-LARGE
  • KATIE NEWCOMBE — AREA DIRECTOR
  • KELLY MURPHY — DIRECTOR-AT-LARGE
  • KIPP HICKS — DIRECTOR-AT-LARGE
  • KYLE STROBER — DIRECTOR-AT-LARGE
  • MATT HURLBUTT — VICE CHAIR
  • PATRICK J KELLY — DIRECTOR-AT-LARGE
  • ROCHELLE POWELL — DIRECTOR-AT-LARGE
relationships · 84

Who they work with

  • Advance Albany County Alliance LDC Partner — Participates as a speaker and sponsor in the IDA Academy program.
  • Alliance for Clean Energy NY (ACE NY) Partner — Sponsor of WiFi services at the NYSEDC 2026 Conference
  • Barclay Damon Partner — Sponsored coffee at the 2026 Annual Meeting.
  • Barclay Damon Partner — Sponsors the Fall 2024 IDA Academy and provides legal expertise through staff participation in sessions.
  • Barclay Damon LLP Partner — Sponsor of the 2024 Summer IDA Academy.
  • Binghamton Local Development Corp Partner — Sponsor of the 2024 Summer IDA Academy.
  • Bohler Engineering Partner — Sponsor of lanyards at the 2026 NYSEDC Economic Development Conference
  • Bond, Schoeneck, & King Partner — Sponsor of breakout sessions on February 10, 2026
  • Brookhaven IDA and LDC Partner — Honored Fred Braun from Brookhaven IDA and LDC with the 2022 Brian McMahon Lifetime Achievement Award.
  • C&S Companies Partner — Sponsor of refreshment break and exhibitor booths at the 2026 conference
  • C&S Companies Partner — Sponsored table wine at the 2026 Annual Awards Dinner.
  • CSArch Partner — CSArch sponsors breakout sessions at the 2025 NYSEDC Annual Meeting.
  • Camoin Associates Partner — Sponsored the refreshment break at the 2026 Annual Meeting.
  • Chautauqua County IDA Partner — Honored Rich Dixon from Chautauqua County IDA with the 2022 Brian McMahon Lifetime Achievement Award.
  • Clarkson University Network — Listed exhibitor at the 2026 NYSEDC Economic Development Conference
  • Connecticut Economic Development Association Partner — Collaborating with NYSEDC on the 2026 Leadership and Policy Summit.
  • Cornell University Network — Listed exhibitor at the 2026 NYSEDC Economic Development Conference
  • Empire State Development Government — Collaborates with Empire State Development on economic development initiatives, including co-hosting a fireside chat at the 2025 annual meeting.
  • Empire State Development Government — Government agency represented in multiple conference sessions on economic development policy and MWBE programs
  • Empire State Development Government — State agency whose staff serve as course instructors, including in areas such as financial packaging and international trade.
  • Empire State Development Partner — Collaborates with Empire State Development staff to present updates on state economic development programs such as POWER UP.
  • Empire State Development Partner — Honored Kevin Younis from Empire State Development with the 2023 Robert T. Dormer Economic Developer of the Year award.
  • Empire State Development (ESD) Government — State agency whose staff serve as instructors in the Basic Economic Development Course.
  • Farrell Fritz Partner — Sponsor of breakout sessions on February 10, 2026
  • Farrer Fritz Partner — Sponsored awards at the 2026 Annual Awards Dinner.
  • Genesee County EDC Partner — Honored Steve Hyde from Genesee County EDC with the 2024 Brian McMahon Lifetime Achievement Award.
  • Gotostage Partner — Platform used to host the NYSEDC Video Library and webinars.
  • Greater Rochester Enterprise Partner — Sponsored awards at the 2026 Annual Awards Dinner.
  • Greater Rochester Enterprise (GRE) Partner — Honored Matt Hurlbutt from GRE with the 2025 Robert T. Dormer Economic Developer of the Year award.
  • Harris Beach Murtha LLP Funder — Sponsors the 2025 Summer IDA Academy event.
+ 54 more
strategies · 5

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Capacity Building via Collaborative Training and Analytical Tools
    methodology: capacity_building_partnership
    By delivering targeted, expert-led training and promoting the use of standardized analytical tools, the organization improves the operational effectiveness of IDAs because structured capacity-building strengthens institutional decision-making and implementation.
  • Equity-Centered Leadership Pipeline Development
    methodology: leadership_pipeline_development
    By creating dedicated councils and mentorship opportunities for women and minorities, the organization builds leadership capacity and promotes equity in economic development because targeted inclusion initiatives address systemic underrepresentation and expand the leadership pipeline.
  • Leadership Development through Integrated Curriculum and Peer Learning
    methodology: integrated_leadership_curriculum
    By integrating technical, professional, and societal challenge domains with peer learning and case studies, the organization prepares emerging economic development leaders for complex real-world environments because multidimensional learning and peer engagement deepen practical understanding and retention.
  • Policy Influence through Convening and Cross-Sector Partnerships
    methodology: policy-shaping_convening
    By convening economic development professionals, legislators, and business leaders and leveraging partnerships with councils and academic institutions, the organization shapes state-level policy agendas because structured dialogue and data-driven collaboration produce actionable, field-informed policy solutions.
  • Virtual and Experiential Learning for Scalable Professional Development
    methodology: virtual_learning
    By using virtual platforms and experiential learning methods such as case studies, the organization delivers accessible, practical education to economic development practitioners because flexible, real-world-focused formats increase engagement and applicability across diverse geographies.