Syracuse Economic Development Corporation

The Syracuse Economic Development Corporation is a public authority that acts as the City’s revolving loan fund. The fund provides low interest rate (3% - 5% depending on geographic area) and favorable term (up to 15 years depending on project) gap financing for small business expansion, startup, or relocation within city limits. Loan amounts range between $15,000 and $125,000, and are used for property renovation, acquisition, furniture, fixtures, and equipment. In 2017 SEDCO added the ability to provide SBA 7A lending through the ‘Grow Syracuse Fund’ in partnership with the National Development Council (NDC), which allows for up to $2 million in additional loan capital for projects that need more than the usual $125,000 maximum SEDCO can lend.

Committees

(show below)

SEDCO Loan Committee

Committee Members:

  • Steve Gross
  • Sheena Solomon
  • Ashanti Dickerson
  • Andrew Fish
  • Eric Ennis

 

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SEDCO Small Business Committee

Committee Members:

  • Patrick Lannon
  • Karolina Marcinkowski
  • Mark Barbee
  • Calvin Corriders
  • Rita Paniagua
  • Eric Ennis

     

More Information 

Associated Department

Division of Business Development

Contact

Contact/Office Name

Trecoy (Tre) Boyd 

One Park Place

300 South State Street, Suite 700

Syracuse, NY 13202

Email: SEDCO@syr.gov
 Phone: (315) 448-4781

 

 

Watch SEDCO Meetings

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Board Members

Eric Ennis, President

Vacant, Vice President

Sheena Solomon, Secretary

Vacant, Treasurer

Andrew Fish, Member

Alan Holt, Member

Ps. Ashanti Dickerson, Member

Calvin Corriders, Member

Carl Thomas Jr., Member

Stephen Gross, Member 

Rita Paniagua, Member

Melissa Davis, Member

Patrick Lannon, Member 

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