named programs · 2 · from sources
What they call their work
Economic Development Financing
Provides local, convenient, and economical financing opportunities for businesses, nonprofits, and government projects in Onondaga County to support job creation, retention, and infrastructure development.
Government Problem Facilitation
Uses statutory powers to design and implement flexible, efficient solutions to governmental challenges, reducing administrative burdens and improving service delivery.
activities · 3 groups
What they do
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Small Business and Nonprofit Lending 1 activity
- Facilitates low-cost financing through bond issuanceActs as a conduit bond issuer and provides local, convenient, and economical financing by issuing taxable and tax-exempt bonds to support projects and enable nonprofits and businesses to access low-cost capital.
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Local Business Financing and Incentives 1 activity
- Provides economic development incentives in Onondaga CountyOffers financial and policy incentives including property tax abatements through PILOT agreements and sales/use tax abatements for machinery, materials, equipment, and site work to support business expansion and economic growth in Onondaga County.
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Workforce Readiness Training 1 activity
- Supports workforce development for local businessesProvides workforce development programming to help businesses attract, hire, and train qualified workers, supporting economic vitality in Onondaga County.
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financials · form 990 · fy2025
revenue
Total revenue$1.43M
Contributions & grants$00%
Program service revenue$1.31M92%
Investment income$115K8%
Other revenue$3K
expenses
Total expenses$239K
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$3.43M
Cash$3.43M
Investments$0
Liabilities$212K
Net assets$3.22M
Liquid reserves172.3 mo
5 years on record · 2020–2025 · YoY revenue +1723.6%
leadership · form 990 part vii · fy2025
Who runs it
board members · 7
- CHRISTOPHER DANIEL — DIRECTOR
- JANICE HERZOG — DIRECTOR
- KIMBERLY TOWNSEND — DIRECTOR
- MICHAEL LAFLAIR — CHAIRPERSON
- MITCHELL LATIMER — DIRECTOR
- VINCENT CIOCI — DIRECTOR
- VIRGINIA BIESIADA O'NEILL — DIRECTOR
relationships · 5
Who they work with
- County of Onondaga Government — Primary governmental entity supported and partnered with in economic development initiatives.
- Manufacturers’ Association of Central New York (MACNY) Partner — Collaborates to support workforce development and talent acquisition for local businesses.
- Onondaga County Government Government — OCDC supports Onondaga County government and operates under its economic development priorities.
- Onondaga County Office of Economic Development Government — Manages the Onondaga Civic Development Corporation
- Zoom Partner — Uses Zoom for virtual meetings
strategies · 4
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.
- Conduit Bond Financing for Nonprofitsmethodology: conduit_bond_issuanceBy enabling access to low-cost capital through conduit bond issuance, the organization supports nonprofit-led economic development projects, because tax-exempt financing reduces financial barriers and increases project feasibility for mission-driven organizations.
- Incentive-Based Economic Developmentmethodology: incentive-based economic developmentBy deploying financial and policy incentives in a coordinated way, the organization stimulates job creation, business growth, and local prosperity, because targeted public support reduces barriers to private investment and improves community economic outcomes.
- Locally-Adaptive Economic Developmentmethodology: locally-adaptive economic developmentBy leveraging local knowledge and institutional flexibility, the organization improves economic development outcomes, because hyper-local responsiveness and agility enable more effective alignment with municipal needs and faster adaptation to changing conditions.
- Workforce Partnership Modelmethodology: workforce-partnership_modelBy partnering with regional industry associations, the organization aligns workforce training with employer demands, because direct collaboration ensures talent pipelines meet real-time labor market needs and supports sustainable business growth.