Regional Loan Funds
Regional loan funds are available to firms in St. Lawrence County from the North Country Alliance (NCA), the Development Authority of the North Country (DANC), and the Adirondack Economic Development Corporation (AEDC).
The North Country Alliance is a consortium of economic development organizations working in New York's six-county North Country. North Country Alliance members offer a full range of financial resources to support business expansion. In addition to administering the North Country Regional Revolving Loan Trust Fund, the NCA functions as a single point of contact for local, state and federal financing programs available to firms in the North Country.
The Development Authority provides services to enhance the economic development of Northern New York. DANC administers several business loan programs to encourage job creation and retention in Northern New York. These include programs include offerings from the U.S. Small Business Administration (SBA), the New York Business Development Corporation (NYBDC) and the DANC Community Development Loan Fund (CDLF).
The Adirondack Economic Development Corporation (AEDC) is a private not-for-profit 501-c-3 economic development corporation that was formed in 1976 as a cooperative effort of community leaders in towns of the northern Adirondacks, a mountainous rural region of upstate New York. AEDC was created to reduce unemployment and expand employment opportunities for the region's residents through activities to strengthen and diversify the regional economy. AEDC's programs combine entrepreneurial training and small business development, community development services, and financing capacity to create multi-level economic opportunities appropriate for an environmentally protected region.