REDCO (Rochester Economic Development Corporation) is a not-for-profit development corporation, established in 1983, dedicated to stimulating and increasing business investment in the City of Rochester, New York. REDCO's purpose is the creation and retention of jobs, as well as providing viable commercial services for city residents.
REDCO provides technical, financial and other services to support the growth and success of existing businesses, as well as businesses relocating to the city of Rochester.
Mission
As a non-profit development company, REDCO has the ability to provide creative solutions for economic development projects. These include the ability to offer low interest rate loans, provide access to New York State and Federal programs, develop and operate commercial/industrial real estate, and offer specialized loan programs, such as the US Small Business Administration 504 loan program.
About REDCO
There are several ways in which REDCO can provide assistance for qualified economic development projects. Available assistance includes:
- Low interest financing
- Access to NYS and Federal programs
- Commercial real estate development
- Technical industrial assistance
- SBA 504 Loans
REDCO also links businesses with other organizations, such as the City of Rochester, as well as other local economic development agencies. For more information on REDCO, please contact David Balestiere at (585) 428-6817.
Reports/Documents
Rochester Economic Development Corporation is subject to the provisions of the New York State Public Authorities Law. As a local authority under this law, REDCO is required to make certain information available to the public.
REDCO Board of Directors
REDCO is operated by an experienced board of public officials, business persons, and economic development professionals. Collectively, the board has the experience to evaluate and work with a variety of businesses and developers.
Mayor Thomas S. Richards
Mayor
City of Rochester |
Dana K. Miller
Vice President, City Council
City of Rochester |
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Gary Bonadonna, Jr.
Political Director
Rochester Regional Joint Board |
Richard Mueller
Administrative VP, Manager
M & T Bank |
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David L. Brooks
Sr. Vice President/Chief Lending Officer
ESL Federal Credit Union |
David Rodriguez
Principal
Council Rock Enterprises, LLC
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R. Carlos Carballada
Commissioner, Neighborhood &
Business Development
City of Rochester |
Brian L. Roulin
Director of Finance
City of Rochester
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Sergio Esteban, P.E.
President and CEO
LaBella Associates, PC |
Ruth Scott
CEO
Scott Associates |
Bret Garwood
Director, Business & Housing Development
City of Rochester
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Dale K. Trott
President, DG&M Agency
President, Rochester Black Business Association
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James Genthner
Executive Vice President
EPIC Advisors, Inc |
Julio Vazquez
Chair & CEO, Augenio Maria de Hostos
Charter School
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Michelle A. Hutchinson, Esq.
Attorney at Law
Brown & Hutchinson Attorneys at Law |
Lovely A. Warren
President, City Council
City of Rochester
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Barbara J. Jones
Retired Vice President and Regional
Manager, Community Investment
Chase Manhattan Bank |
David Young
Business Manager
International Brotherhood of
Electrical Workers Local Union 86
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Officers:
- R. Carlos Carballada Chairman of the Board/President
- Bret Garwood Vice President
- Brian L. Roulin Treasurer
- David Balestiere Secretary
Committees:
Executive Committee:
- R. Carlos Carballada
- Sergio Esteban
- Bret Garwood
- Richard Mueller
- Lovely Warren
Board Meeting Minutes
REDCO's board meets on an as needed basis. Meeting notices are publicized through the New York State Open Meetings Law. Meetings are held at City Hall, 30 Church, Rochester, New York, 14614.
2011 Board Meeting Minutes
2012 Board Meeting Minutes