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.


SEDCO Loan Committee

Committee Members:

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


SEDCO Small Business Committee

Committee Members:

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


More Information