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. Assistance available 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. One report, shown below, is REDCO’s Budget & Financial Plan, prepared in accordance with the NYS Authority Budget Office guidelines.
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.
City Public Officials
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Business and Community Leaders
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Mayor Thomas S. Richards
Mayor
City of Rochester
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Sergio Esteban, P.E.
President and CEO
LaBella Associates, PC
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Lovely A. Warren
President, City Council
City of Rochester
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James Genthner
Executive Vice President
EPIC Advisors, Inc.
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Elaine M. Spaull
Vice President, City Council
City of Rochester
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Richard Mueller
Administrative VP, Manager
M & T Bank
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R. Carlos Carballada
Commissioner, Neighborhood &
Business Development
City of Rochester
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Jeffrey McFadden
President
Rogers Machine Tool Group
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Bret Garwood
Director, Business & Housing Development
City of Rochester
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Barbara J. Jones
Retired Vice President and Regional
Manager, Community Investment
Chase Manhattan Bank
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Brian L. Roulin
Director of Finance
City of Rochester
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David Rodriguez
Principal
Council Rock Enterprises, LLC
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Julio Vazquez
Chair & CEO, Augenio Maria de Hostos
Charter School
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Ruth Scott
CEO
Scott Associates
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David Young
International Brotherhood of
Electrical Workers
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Gary Bonadonna, Jr.
Political Director
UNITE Here
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Dale K. Trott
President, DG&M Agency
President, Rochester Black Business Association
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