Rochester Economic Development Corporation


Rochester Economic Development Corporation (REDCO) 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.  

Douglass-Anthony bridge from Corn Hill Landing.


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.

There are several ways in which REDCO can provide assistance for qualified economic development projects. Available assistance includes:

  • Access to NYS and Federal Programs
  • Commercial Real Estate Development
  • Low Interest Financing
  • SBA 504 Loans
  • Technical Industrial Assistance

REDCO also links businesses with other organizations, such as the City of Rochester, as well as other local economic development agencies.  For more information, please contact Thaddeus Schofield at (585) 428-7848.

Equal Opportunity Employer and Access to Information 

It is the policy of the REDCO to provide for and promote equal opportunity employment, compensation, and other terms and conditions of employment without unlawful discrimination on the basis of age, race, color, creed/religion, disability, national origin, sex/gender, sexual orientation, veteran or military service member status, familial status, marital status, domestic violence victim status, genetic predisposition or carrier status, arrest and/or criminal conviction record, or any other category protected by law, unless based upon a bona fide occupational qualification or other exception.

It is the policy of REDCO to provide reasonable accommodation to ensure effective communication of information to individuals with disabilities. If you need an auxiliary aid or service to make this information available to you, please contact Thaddeus Schofield at (585) 428-7848.


REDCO 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.   


About the Board

REDCO has 18 Directors. The corporation is committed to stimulating and increasing business investment within the City and operates under the following primary public objectives:

  • Supporting commercial, industrial and manufacturing growth within the City;
  • Creating employment opportunities, particularly for low and moderate income persons, and improving the quality of employment and the condition of life in the City of Rochester;
  • Providing technical and financial assistance to new and expanding City businesses, and to businesses relocating to the City; and
  • facilitating real estate development projects that result in a significant benefit to the community.

REDCO's loan and grant programs are funded through Federal, State and local funding sources.

The 18 Directors must be connected to the City of Rochester and must represent the following groups: lending and financial institutions, business organizations, and community organizations.

The 18 Directors include: four (4) who are ex-officio by virtue of their position in City government, including the: Mayor, Commissioner of Neighborhood and Business Development, Finance Director, and President of City Council. The remaining Directors include (minimally): one (1) who is a member of City Council; two (2) who are officials of regulated institutions; two (2) with commercial lending experience; seven (7) who are City residents or who own a business in the City; and overall, represent the demographics of the City population.

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.  

Rosiland Brooks-Harris            
Director of Finance
City of Rochester
Barbara J. Jones 
Retired VP/Regional Mgr
JP Morgan Chase Bank
Loretta C. Scott
President, City Council
City of Rochester
Jennifer Berrios
Vaisey Nocholson & Nearpass PLLC
Willie Lightfoot
City Council
City of Rocester
Ruth Scott
Scott Associates Consulting, Inc
Gary Bonadonna, Jr.
Assistant Manager
Rochester Regional Joint Board        
Dana K. Miller
Director of Development Services, 
NBD - City of Rochester 
Dale K. Trott 
President, DG&M Agency 
President, Rochester Black Business Assoc.
Keith Cleary
Director, ESL Federal Credit Union
Business Banking
Richard Mueller
Group VP - Western NY
Commercial Real Estate - M&T
Julio Vazquez
CEO, Eugenio Maria de Hostos
Charter School
Sergio Esteban, P.E.
President and CEO
LaBella Associates, PC
Baye' M. Muhammad
Commissioner - NBD
City of Rochester
David Young 
Business Manager - International 
Brotherhood of Electrical Workers 86 
Michelle A. Hutchinson, Esq
Managing Partner
Brown & Hutchinson Attorneys
David Rodriguez
Council Rock Enterprises  
Lovely A. Warren 
City of Rochester


  • Baye' M. Muhammad, President
  • Vacant, Vice President
  • Charles A. Benincasa, Treasurer
  • Thaddeus Schofield, Secretary  


Executive Committee:  

  • Baye' M. Muhammad
  • Sergio Esteban
  • Richard Mueller
  • Loretta A. Scott
  • Dana Miller

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. 

 2020 Board Meeting Minutes  

2019 Board Meeting Minutes      2015 Board Meeting Minutes   



 2018 Board Meeting Minutes      2014 Board Meeting Minutes   


 2017 Board Meeting Minutes  
 2013 Board Meeting Minutes     
2016 Board Meeting Minutes    2012 Board Meeting Minutes