named programs · 1 · from sources
What they call their work
Glenville Business Assistance Loan Program
Provides direct low-interest loans (currently at 4%) to businesses for relocation, expansion, and development in the Town of Glenville, with support for site selection, permits, and approvals.
activities · 3 groups
What they do
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Small Business and Nonprofit Lending 1 activity
- Provides low-cost loans to local businessesOffers direct small business loans at a 4% interest rate through the Business Assistance Loan Program, with over $500,000 invested since 2012 to support economic development in the Town of Glenville.
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Regional Economic Development Initiatives 1 activity
- Supports local economic development through business resources and capacity buildingServes as a resource for stimulating economic development in the Town of Glenville by supporting the growth of new and existing businesses and implementing initiatives that benefit local citizens.
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Uncategorized 1 activity
- Conducts economic development research and community input initiativesCarried out an economic development survey between July and October 2013 that collected input from over 300 Glenville residents to inform local development strategies.
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financials · form 990 · fy2024
revenue
Total revenue$16K
Contributions & grants$00%
Program service revenue$4K26%
Investment income$12K74%
Other revenue$0
expenses
Total expenses$46K
Program expenses71%
Admin / overhead29%
Fundraising0%
Salaries & benefits$0
Grants paid out$3K
Largest expense lineFacilities
balance sheet
Total assets$406K
Cash$360K
Investments$0
Liabilities$5K
Net assets$401K
Liquid reserves94.6 mo
5 years on record · 2020–2024 · YoY revenue +5.5%
leadership · form 990 part vii · fy2024
Who runs it
board members · 8
- ANTHONY TOZZI — BOARD OF DIRECTOR
- BRIAN CRAIG — BOARD OF DIRECTOR
- CHRIS HEBBARD — BOARD OF DIRECTOR
- KRISTEN FAUBION — BOARD OF DIRECTOR
- RICHARD PALMER — TREASURER
- RICHARD USAS — CHAIR
- SCOTT OSSWALD — VICE CHAIR/SECRETARY
- SID RAMOTAR — BOARD OF DIRECTOR
relationships · 2
Who they work with
- Town of Glenville Government — Collaborates with the Town of Glenville on economic development initiatives and operates under a Board Resolution adopted by the town.
- Town of Glenville Government — Works in affiliation with the Town of Glenville, operating as its local development corporation.
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.
- Economic Development Through Business Growth 61 orgsmethodology: economic_development_through_business_growthBy supporting the growth of new and existing businesses through targeted initiatives, the organization stimulates economic development and improves community well-being, because local business expansion drives job creation, increases tax revenue, and strengthens the regional economy.shared approach: Economic Development via Business Support →
- Direct Lending for Economic Development 26 orgsmethodology: direct lending for economic developmentBy offering direct loans to local businesses, the organization enables capital access for enterprises that might otherwise face financing gaps, thereby fostering business growth and economic development in the Town of Glenville.shared approach: Capital Access for Inclusive Growth →
- Financing Incentives for Business Expansion 26 orgsmethodology: financing_incentives_for_business_expansionBy providing financing incentives to reduce costs for businesses acquiring and equipping industrial, commercial, and manufacturing facilities, the organization lowers barriers to investment, which in turn stimulates local economic development and encourages business retention and expansion.shared approach: Capital Access for Inclusive Growth →