| Economic Development Resources |
||Downtown Schenectady Improvement Corporation|
The Downtown Schenectady Improvement Corporation (DSIC) is a nonprofit organization dedicated to the revitalization of downtown Schenectady, and represents more than 600 property owners in the defined boundaries that make up the city’s first-ever Business Improvement District (BID). The organization is primarily funded through a special assessment on properties within downtown Schenectady, from contributions through the Schenectady Metroplex Development Authority, and by fundraisers organized by DSIC that are held throughout the year. DSIC works closely with Schenectady County and city agencies, business owners and residents to initiate and implement a comprehensive program of activities aimed at cultivating and supporting long-term economic growth. The DSIC officially formed during the summer of 2001.
The corporation manages and carries out many programs: environmental enhancement and maintenance (sidewalk and public parking lot maintenance, landscaping, partnership with the City Mission to provide maintenance workers, public safety initiative); a facade improvement program utilizing $250,000 in Metroplex funds that during the summer of 2002 awarded matching grants to about 40 downtown property owners; business promotion and marketing; a Web site launched in June 2002 that provides a listing of all available properties within the BID, links to economic development agencies and organizations, copies of DSIC publications and information about the facade grant program; special events; fundraising and development.
John Samatulski is the DSIC executive director. President of the board is John Senisi of Synthesis, a downtown architectural firm.
Downtown Schenectady Improvement Corporation
184 Jay St., Schenectady, NY 12305
(518) 377-9433 Fax
||Schenectady County Community Business Center|
The Schenectady County Community Business Center is the county’s newest business incubator, marking its second year of operation during August 2002. The center, made possible with $1.2 million in funds appropriated by the Schenectady County Legislature, provides a full range of small business assistance services to its tenants as well as to other businesses not actually located in the center that could also benefit from the services. The center has 20,000 square feet of space for lease. As of August 2001, there were three tenants and a branch of the State Employees Federal Credit Union housed in the center.
Services provided by the center include:
Business and technical assistance through a combination of in-house expertise, mentoring and a network of community support, including accounting, marketing, business plans, human resources and payroll.
Shared services such as telephone, answering service, bookkeeping, fax, copier, business library, computer system and Internet services.
Financial assistance through a micro-enterprise program, small business loan program and links with other revolving loan funds, banks and other lending institutions.
Peer network and mentoring system to assist entrepreneurs and start-up companies that are struggling with business issues.
Flexible space and leases in a technology friendly facility that responds to the always changing needs of new businesses as they grow.
Entrepreneur training services in areas such as starting a business, developing investor forums, negotiations, software applications, legal issues, patents, engineering, cash flow and real estate issues.
Jeffrey Corcoran is the center’s executive director.
Schenectady County Community Business Center
920 Albany St.
Schenectady, NY 12307
(518) 688-2028 (fax)
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|306 State St., Schenectady, NY 12305 • Phone: 518.372.5656 • 800.962.8007 • Fax: 518.370.3217 • Email