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CENTERSTATE CORPORATION FOR ECONOMIC OPPORTUNITY

SYRACUSE, NY · EIN 272620882 · Form 990 · FY2024 · NTEE S20 · Community Improvement · Large ($10M-$50M) · centerstateceo.com
revenue
$30.3M
expenses
$14.5M
net assets
$27.7M
employees
63
volunteers
94
mission · from form 990

BASED IN SYRACUSE, THE CENTERSTATE CORPORATION FOR ECONOMIC OPPORTUNITY IS A TWELVE-COUNTY BUSINESS LEADERSHIP AND ECONOMIC DEVELOPMENT ORGANIZATION. A PRIVATE, NOT-FOR-PROFIT ORGANIZATION, CENTERSTATE CEO REPRESENTS 2,000 MEMBERS AND SERVES AS THE REGION'S PRIMARY ECONOMIC, COMMUNITY AND BUSINESS DEVELOPMENT CATALYST. CENTERSTATE CEO WORKS TO ACHIEVE REGIONAL GROWTH AND TOTAL COMMUNITY PROSPERITY THROUGH PARTNERSHIPS, PLANNING AND PROBLEM SOLVING.

profile · synthesized from sources

CenterState Corporation for Economic Opportunity is a twelve-county economic development organization based in Syracuse, NY. It serves as a regional catalyst for business growth, workforce innovation, and community prosperity by supporting entrepreneurs, expanding access to capital, and promoting inclusive economic development. The organization operates through direct programs and affiliated foundations that focus on marginalized populations and underserved neighborhoods.

named programs · 6 · from sources

What they call their work

Fiscal Sponsorship
Invest CNY serves as a fiscal sponsor for community-based projects such as Food Access Healthy Neighborhoods Now! and Fulton Block Builders.
Growth + Equity Fund
Provides micro-grants and loans to entrepreneurs from historically marginalized populations, along with customized business support.
Racial Equity & Social Impact (RESI)
Offers DEI education and programming including Equity Day events and webinars for nonprofits and businesses.
Syracuse Surge Accelerator
Provides support to tech and tech-adjacent entrepreneurs, including access to capital and skill-building opportunities.
Up Start
Supports entrepreneurs with "main street" businesses through training and resources, particularly those from marginalized communities.
Work Train
Workforce development program connecting individuals to career pathways in high-demand fields through partnerships with companies and training providers.
activities · 11 groups

What they do

  • Local Business Financing and Incentives 1 activity
    • Administers tax incentive and innovation support programs
      Administers the Innovation Hot Spot, a five-year tax incentive program for formative-stage technology and manufacturing companies in Central New York, to stimulate economic growth and business retention.
  • Regional Economic Development Initiatives 1 activity
    • Business development and support services
      Provides business development assistance, resources, and networking opportunities to businesses of all sizes across a twelve-county region, including Oswego County, through the Greater Oswego-Fulton Chamber of Commerce. Facilitates connections among member businesses and supports competitiveness through advocacy, training, and regional partnerships.
  • Community Foundation & United Way Support 1 activity
    • Capacity building and fiscal sponsorship for grassroots initiatives
      Provides fiscal sponsorship for community-based projects such as Food Access Healthy Neighborhoods Now!, Fulton Block Builders, and Oswego Renaissance Association, enabling local leaders to secure funding. Supported the Creative Communities Initiative with an $800,000 Ford Foundation grant, contributing to the creation of the Greater Syracuse Land Bank and regional land use strategies.
  • Business Community Advocacy 1 activity
    • Community and economic development advocacy
      Advances business and community interests through targeted policy and government advocacy efforts on behalf of regional businesses, particularly in the Oswego-Fulton region and across a twelve-county area centered in Syracuse, NY.
  • Startup Acceleration & Business Growth Support 1 activity
    • Entrepreneurship acceleration and startup support
      Supports early-stage entrepreneurs and startups through accelerator programs including Syracuse Surge Accelerator, Up Start Start It!, GENIUS NY (a global competition for uncrewed systems, IoT, and robotics), and a cleantech accelerator linked to higher education. Provides access to capital, skill building, problem solving, and professional services matching.
  • Women Entrepreneurs Grant Programs 1 activity
    • Funds equity-focused micro-grants and loans for marginalized entrepreneurs
      Operates the Growth + Equity Fund, which provides micro-grants, loans, and customized support to entrepreneurs from historically marginalized populations to help them establish and grow their businesses, including awardees such as Khadijah's Kitchen, BeeJay's Experience, and Ma’s Wings and Things.
  • Neighborhood Revitalization Initiatives 1 activity
    • Leads downtown revitalization and real estate development projects
      Plays a lead role in redeveloping key urban properties and districts, including the Galleries of Syracuse, Jefferson Street Armory (now The MOST), Jefferson-Clinton Hotel, 300 block of South Salina Street, Electronics Park, and the Central New York Regional Market. Secures public grants, assembles land and funding, and acts as developer or contracting entity to transform blighted or underutilized sites into mixed-use, commercial, or housing developments.
  • Professional Networking Events 1 activity
    • Organizes chamber events and community engagement programs
      Hosts annual signature events including the GOFCC Annual Meeting, Golf Social (featuring a four-person captain-and-crew tournament), and Holiday Social to foster networking and member engagement. Also organizes educational sessions, roundtables with government officials, Trades Signing Day, and other gatherings to strengthen business community ties.
  • Business Improvement District Management 1 activity
    • Promotes local businesses through marketing campaigns and partnerships
      Runs the OsweGO advertising, marketing, and social media campaign to promote the Oswego County business community. Partners on initiatives such as Project Bloom (flower installations), Oswego-Fulton Farmers Markets, Oswego County Restaurant Week, and employee discount programs with major employers to drive local economic activity.
  • Advanced Manufacturing Workforce Training 1 activity
    • Workforce development programs for underrepresented populations
      Operates workforce initiatives such as Work Train, Syracuse Bridge to Manufacturing Careers, and ON-RAMP to improve access to long-term career pathways in high-demand fields like advanced manufacturing and construction for underrepresented and underemployed individuals. Co-founded Syracuse Build and leads Upstate Build to expand these models regionally.
  • Uncategorized 1 activity
    • Conducts research to inform inclusive economic development
      Conducted the Oswego Minority Business Needs Study to identify barriers and opportunities for strengthening inclusive economic growth and supporting minority-owned businesses.
financials · form 990 · fy2024
revenue
Total revenue$30.25M
Contributions & grants$26.82M89%
Program service revenue$2.64M9%
Investment income$-34K-0%
Other revenue$832K
expenses
Total expenses$14.49M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$5.23M
Grants paid out$815K
Largest expense lineCompensation
balance sheet
Total assets$41.59M
Cash$7.10M
Investments$8.20M
Liabilities$13.92M
Net assets$27.67M
Liquid reserves12.7 mo
5 years on record · 2020–2024 · YoY revenue +83.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 16
NameTitleHours/wkCompensation
ROB SIMPSON PRESIDENT 40 $434K
JOHN LIDDY VP 40 $184K
BENJAMIN SIO SVP 40 $175K
ANDREW FISH SVP 35 $170K
JUHANNA ROGERS SVP 40 $151K
ELLE HANNA SVP 40 $143K
KEVIN SCHWAB VP PUBLIC POLICY & GOVERNESS 40 $139K
ANDREA HAHNN SVP 40 $137K
AIMEE DURFEE VP OF WORKFORCE INNOVATION 40 $125K
HONORA SPILLANE VP OF ECONOMIC DEVELOPMENT 10 $124K
CHRISTA GLAZIER VP OF COMMUNICATIONS 40 $120K
MARIAN FRANCHER SENIOR DIRECTOR OF FINANCE 40 $118K
DOMINIC ROBINSON SVP 40 $116K
SUSAN PHILLIPS DIRECTOR OF HR 40 $113K
KELLY FUMAROLA DIRECTOR 23 $99K
LORI DIETZ SVP 40 $97K
board members · 9
  • ALBERTO BIANCHETTI — DIRECTOR
  • ALISA SALIBRA — DIRECTOR
  • AMINY AUDI — DIRECTOR
  • ANNE MESSENGER — DIRECTOR
  • ANTHONY FIORITO — EX OFFICIO
  • ASHLEY WHITE — DIRECTOR
  • BILL PATRICK — DIRECTOR
  • BO MACHAYO — DIRECTOR
  • BRIAN BISACCIO — DIRECTOR
relationships · 42

Who they work with

  • Advance Media New York Partner — Partner in the This Is CNY talent attraction initiative.
  • Ascend Capital Partner — CenterState CEO oversees Ascend Capital, with Brian Bund serving as Executive Director and staff such as Morgan Flack and Kyle Hale holding roles in small business lending and relationship management
  • Blueprint 15 Partner — Partnered with CenterState CEO to deliver the Up Start Start It! program.
  • Central New York Regional Market Partner — Partner in the $8.4 million renovation of the regional market into a commerce and entertainment asset.
  • City of Syracuse Partner — Co-founded Syracuse Build with CenterState CEO to develop construction workforce opportunities.
  • Constellation Partner — Partner in the employee discount program promoting Oswego County businesses
  • Constellation Partner — Presenting sponsor of the Greater Oswego-Fulton Chamber of Commerce annual meeting.
  • Electronics Park LLC Partner — CenterState CEO collaborates with Electronics Park LLC, with Jeff Hart serving as Director of Facilities and Michael Lacey as Site Manager
  • Empire State Development Funder — Funder of the GENIUS NY accelerator program.
  • Food Access Healthy Neighborhoods Now! Partner — Fiscal sponsorship partner supporting grassroots food access initiatives in Syracuse.
  • Ford Foundation Funder — Provided an $800,000 grant to support the Creative Communities Initiative.
  • Fulton Block Builders Partner — Fiscal sponsorship partner focused on neighborhood revitalization in Fulton.
  • Greater Oswego-Fulton Chamber of Commerce Network — Operates the Greater Oswego-Fulton Chamber of Commerce as part of its regional economic development network.
  • Greater Oswego-Fulton Chamber of Commerce Partner — CenterState CEO operates in partnership with the Greater Oswego-Fulton Chamber of Commerce, with Sara Broadwell serving as Executive Director and Taylor Davis as Member Engagement and Operations Manager
  • Greater Oswego-Fulton Chamber of Commerce Partner — Collaborates with CenterState CEO to advance regional business and community interests
  • Greater Oswego-Fulton Chamber of Commerce Partner — Operates the chamber as a fully integrated partner to support local businesses and economic development in Oswego County.
  • Lockheed Martin Partner — Key regional employer retained through the development of Electronics Park.
  • NY SMART I-Corridor Partner — Collaborates on semiconductor manufacturing, innovation, and workforce development.
  • National Grid Partner — Co-sponsor of the CenterState Cleantech Accelerator.
  • National Grid Partner — Presenting sponsor of the annual Holiday Social event.
  • Northside Learning Center Partner — Partnered with CenterState CEO to deliver the Up Start Start It! program.
  • Not specified Partner — Engages in partnerships to advance regional economic and community development
  • Novelis Partner — Partner in the employee discount program promoting Oswego County businesses
  • Novelis Partner — Presenting sponsor of the annual Golf Social event.
  • ONRAMP Syracuse Partner — CenterState CEO supports ONRAMP Syracuse, with Dr. Carlene Lacey serving as Chief Executive Officer of ONRAMP Syracuse under the CenterState CEO leadership structure
  • Oswego Health Partner — Partner in the employee discount program promoting Oswego County businesses
  • Oswego Health Partner — Presenting partner for the Oswego-Fulton Farmers Markets.
  • Oswego Renaissance Association Partner — Fiscal sponsorship partner supporting community development in Oswego.
  • Pyramid Companies Partner — Partner in the redevelopment of the Clinton Square Post Office into corporate headquarters.
  • Richard S. Shineman Foundation Funder — Provided support for the OsweGO advertising, marketing, and social media campaign
+ 12 more
strategies · 3

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.

  • Cross-Sector Collaborative Problem-Solving
    methodology: cross-sector_collaboration
    By convening diverse sectors—public, private, and nonprofit—around shared regional challenges, we produce more effective and sustainable economic solutions because collective expertise and resources lead to stronger, systems-level outcomes.
  • Equitable Regional Development Through Targeted Investment and Partnerships
    methodology: equitable_regional_development
    By directing capital and development initiatives toward underrepresented entrepreneurs and marginalized communities through targeted grantmaking, equity-focused funds, and community-partnered programs, we produce more inclusive economic growth because addressing structural inequities unlocks untapped human and entrepreneurial potential.
  • Systems-Level Partnership Model to Address Workforce Barriers
    methodology: systems-level_partnership_model
    By partnering with organizations to co-develop solutions that address non-economic barriers like transportation, child care, and housing, we improve workforce participation and economic mobility because systemic barriers must be removed for individuals to fully engage in the economy.