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THE VICTOR LOCAL DEVELOPMENT CORPORATION

VICTOR, NY · EIN 161610973 · Form 990EZ · FY2025 · NTEE S20 · Community Improvement · Micro (<$100K) · victorldc.org
revenue
$53K
expenses
$59K
net assets
$169K
employees
mission · from form 990

The mission of the Victor LDC is to conduct activities that will relieve and reduce unemployment, promote and provide for additional and maximum employment; better and maintain job opportunities, assist individuals to improve or develop their capabilities for jobs, carry on scientific research for the purpose of aiding the community or geographic area by attracting industry to the community and lessening the burdens of government and acting in the public interest.

profile · synthesized from sources

The Victor Local Development Corporation (VLDC) is an economic development organization serving the Town and Village of Victor, New York. Established in 1999, it supports local businesses through loan programs, façade improvement grants, and business recruitment initiatives. The VLDC also administers awards and provides resources for business planning, lending, and regulatory compliance.

named programs · 3 · from sources

What they call their work

Façade Improvement Program
Offers grant funding for commercial building façade improvements in the Victor business district, administered by the Façade Improvement Committee with funding from the VLDC and Village Urban Renewal Agency.
Revolving Loan Fund
Provides lower-cost financing alternatives to business owners in the Village and Town of Victor through two dedicated loan funds focused on filling gaps in financing packages.
Victor Business Awards
Annual awards program recognizing excellence across multiple categories including Business of the Year, Family Owned Business, Woman Owned Business, Young Entrepreneur, and others.
activities · 6 groups

What they do

  • Small Business and Nonprofit Lending 2 activities
    • Administer low-interest loan programs for local businesses
      Manages two revolving loan funds and provides SBA LowDoc guaranteed loans to support business development and lower-cost financing for small businesses in the Town and Village of Victor.
    • Facilitate access to disaster recovery financing for small businesses
      Provides information and support to help small businesses affected by COVID-19 access SBA Economic Injury Disaster Loans.
  • Regional Economic Development Initiatives 2 activities
    • Conduct research to attract industry and support economic development
      Engages in scientific research aimed at attracting industry to the community and reducing burdens on government through data-driven economic development strategies.
    • Operate as a centralized resource hub for local businesses
      Functions as an umbrella agency providing economic development services, business support, and community events through a centralized platform for the Town and Village of Victor.
  • Industry and Community Recognition Awards 2 activities
    • Host annual business awards ceremonies
      Organizes and hosts annual events such as the Victor Business Awards to recognize local businesses and entrepreneurs across multiple sectors.
    • Nominate and recognize diverse local businesses
      Identifies and nominates local businesses across sectors—including manufacturing, healthcare, technology, retail, and minority- and women-owned enterprises—for recognition and support.
  • Small Business Technical Assistance 1 activity
    • Provide technical assistance and training to small businesses and entrepreneurs
      Offers education and resources in accounting basics, accounting software, business planning, legal requirements, patents and trademarks, business insurance, and access to venture capital; also provides toolkits and guides to support entrepreneurial development.
  • Local Business Financing and Incentives 1 activity
    • Secure and administer grants for local economic development
      Applies for and administers federal and state grant programs to support local businesses and funds facade improvements on commercial buildings in the business district.
  • Workforce Readiness Training 1 activity
    • Support job creation and workforce development
      Conducts activities to reduce unemployment, promote employment, improve job opportunities, and assist individuals in developing job capabilities as part of local economic development efforts.
financials · form 990EZ · fy2025
revenue
Total revenue$53K
Contributions & grants$53K100%
Program service revenue
Investment income
Other revenue
expenses
Total expenses$59K
Program expenses
Admin / overhead
Fundraising
Salaries & benefits
Grants paid out
balance sheet
Total assets$474K
Cash
Investments
Liabilities
Net assets$169K
4 years on record · 2020–2025 · YoY revenue +39.3%
leadership · form 990 part vii · fy2025

Who runs it

board members · 6
  • Brett Owen — Director
  • Joe Corsi — Director
  • Kathleen Rayburn — Exec Director
  • Kevin Overton — Director
  • Mike Guinan — Director
  • Tedd Rund Jr — Director
relationships · 27

Who they work with

  • Brite Partner — Recognized as Technology Business of the Year in 2024.
  • CAR Engineering & Manufacturing Partner — Recognized as Manufacturing Business of the Year in 2024.
  • Canandaigua National Bank Partner — Lending partner for small business commercial loans, including SBA LowDoc guaranteed loans.
  • Dominick Dardano Partner — Recipient of the Ambassador Award in 2024 for Fire on Main.
  • Dr. Beata Golec Partner — Recognized as Home Based Business of the Year in 2024.
  • Facade Improvement Committee Partner — Co-administers the Facade Improvement Program with the Victor Local Development Corporation.
  • Finger Lakes Cannabis Co. Partner — Recognized as Emerging Retailer of the Year in 2024.
  • IDI Billing Solutions Partner — Recognized as Business of the Year in 2024.
  • Lauren Tallman Partner — Recognized as Young Entrepreneur of the Year in 2024 for Finger Lakes Golf Academy.
  • NEW YORK STATE SBDC Partner — Partners with the New York State Small Business Development Center to provide business education and support services.
  • NYS LOVES BUSINESS Partner — Collaborates with the NYS Loves Business initiative to support small business growth and development.
  • Neon Wave Partner — Recognized as Retailer of the Year - Retail Merchant in 2024.
  • Ontario County Development Agency Partner — Works with the Ontario County Development Agency to promote economic development and business support in the region.
  • Rhino Chiropractic Partner — Recognized as Family Owned Business of the Year in 2024.
  • SCORE Partner — Partners with SCORE to provide mentoring and educational resources for small business owners.
  • Sephora Partner — Recognized as Retailer of the Year - Eastview Mall in 2024.
  • The T-Salon Partner — Recognized as Woman Owned Business of the Year in 2024.
  • Town & Village of Victor Partner — Collaborates with the Town and Village of Victor to support local economic development initiatives.
  • Town of Victor Government — Established the Economic Development Department and assumed financial responsibility for the Victor LDC in 2014.
  • U.S. Small Business Administration Government — Partners with the SBA to provide disaster loan resources to small businesses affected by COVID-19.
  • Vic Salerno Partner — Recipient of the Town of Victor Legacy Award in 2024 for O’Connell Electric.
  • Victor LDC Network — Component agency within the Victor Community Development Office umbrella structure.
  • Victor Views Senior Living Partner — Recognized as Health Service Provider in 2024.
  • Victor Village Inn Partner — Recognized as Retailer of the Year - Restaurant in 2024.
  • Victor’s Economic Development Department Partner — Coordinates loan programs, initiatives, and outreach efforts with the VLDC to support the Town’s Economic Development strategy.
  • Village Urban Renewal Agency Partner — Co-funds the Facade Improvement Program with the Victor Local Development Corporation.
  • Zoetek Medical Partner — Recognized as Retailer of the Year - Service Provider in 2024.
strategies · 2

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 Revitalization Through Industry Attraction
    methodology: economic-development-through-industry-attraction
    By conducting scientific research to attract new industries, the organization creates employment opportunities and reduces unemployment, because targeted industry attraction stimulates local economic activity and expands the job market.
  • Integrated Service Delivery for Business Support
    methodology: one-stop-shop model
    By operating a one-stop-shop model that consolidates business recruitment, retention, start-up assistance, and project facilitation, the organization increases accessibility and efficiency in service delivery, because streamlined access reduces barriers for businesses engaging with development resources.