named programs · 5 · from sources
What they call their work
Access to Capital
Connects projects with regional banks, lending institutions, and equity investors to secure gap financing and growth capital.
Advocacy and Government Relations
Advocates for business interests with local, state, and federal officials, promoting supportive policies and funding.
Incentives and Approvals
Identifies local, state, and federal incentive programs and supports community engagement and public awareness to gain project approvals.
Real Estate
Assists businesses in identifying properties for acquisition or lease, including adaptive reuse, brownfield, greenfield, and build-to-suit development projects in the Hudson Valley.
Workforce Development
Partners with HR departments, academic institutions, and government agencies to help businesses attract and retain skilled workers.
activities · 2 groups
What they do
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Regional Economic Development Initiatives 3 activities
- Business relocation and expansion supportProvides comprehensive services to businesses locating to or expanding within nine counties in New York's Hudson Valley region, including property identification, workforce coordination, and access to financing and incentive programs.
- Facilitation of private investment and job creationFacilitated over $5 billion in private investment and supported the retention and creation of more than 15,000 jobs in Dutchess County through targeted economic development initiatives.
- Leadership in regional economic development initiativesLeads the Hudson Valley Economic Development Corporation in major regional projects, including a $500 million culinary campus development near The Culinary Institute of America.
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Business Community Advocacy 1 activity
- Economic development advocacyAdvocates with local, state, and federal officials to secure public funding and address regulatory barriers impacting economic development in the Hudson Valley region.
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financials · form 990 · fy2024
revenue
Total revenue$852K
Contributions & grants$852K100%
Program service revenue$00%
Investment income$00%
Other revenue$0
expenses
Total expenses$1.05M
Program expenses92%
Admin / overhead8%
Fundraising0%
Salaries & benefits$547K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$542K
Cash$407K
Investments$0
Liabilities$55K
Net assets$488K
Liquid reserves4.7 mo
5 years on record · 2019–2024 · YoY revenue -14.4%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| MICHAEL OATES | PRESIDENT & | 40 | $436K |
board members · 4
- ALAN MARKS — TREASURER
- ANTHONY GIOFFRE — SECRETARY
- NICK PREDDICE — CHAIRMAN
- ROBERT LEVINE — IMMEDIATE PA
relationships · 16
Who they work with
- Bellefield Development Partners LLC Partner — Associated with the $500 million culinary campus development near The Culinary Institute of America, linked through HVEDC leadership.
- Dutchess County IDA Partner — Shared leadership and coordination in economic development; Sarah Lee serves as Executive Director of the Dutchess County IDA and a leader at HVEDC.
- Galvan Foundation Partner — Collaborated on the advancement of the Depot District project in Hudson.
- Hudson Valley Economic Development Corporation Partner — Implied self-reference as the central economic development organization coordinating regional business advancement
- Mohonk Mountain House Partner — Mohonk Mountain House joins the HVEDC Board of Directors.
- Regional Food Bank of New York Partner — Collaborated on the development of the Regional Food Bank of New York’s Distribution Center in Montgomery.
- Sun River Health Partner — Sun River Health joins the HVEDC Board of Directors.
- TechCXO Partner — TechCXO joins the HVEDC Board of Directors.
- The O'Neill Group Partner — The O'Neill Group joins the HVEDC Board of Directors.
- Think Dutchess Partner — Collaborative relationship through shared leadership; Sarah Lee serves as both CEO of Think Dutchess and a leader at HVEDC.
- Webster Bank Partner — Webster Bank returns to the HVEDC Board of Directors.
- academic institutions Partner — Collaborates with academic institutions to support workforce development and talent recruitment.
- equity investors Partner — Partners with equity investors to provide growth capital for business projects.
- real estate community Partner — Works with the real estate community to identify properties for business acquisition or lease.
- regional banks Partner — Partners with regional banks to secure gap financing for business projects.
- state and local government agencies Government — Coordinates with state and local government agencies to support business expansion and workforce needs.
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.
- Housing as Foundational Economic Infrastructuremethodology: housing-as-economic-developmentBy developing affordable housing, we strengthen regional economic competitiveness, because stable, accessible housing attracts and retains a skilled workforce essential for business growth.
- Public-Private Partnerships to Accelerate Development Projectsmethodology: public-private-partnershipsBy structuring strategic public-private partnerships, we overcome barriers to complex development projects, because coordinated investment and policy alignment reduce risk and increase project viability.
- Regional Economic Attractiveness through Infrastructure and Talentmethodology: regional-economic-attractivenessBy leveraging proximity to New York City, transportation access, and a skilled workforce, we increase business investment and retention in the Hudson Valley, because regional competitiveness depends on accessible infrastructure and human capital.