Overview

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Est.

1987

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

CENTER FOR ECONOMIC GROWTH INC is an economic development nonprofit focused on supporting technology and manufacturing companies, helping regional businesses create and retain jobs, increase sales, and expand capital investment. It also works to strengthen Tech Valley’s quality of life and promote smart, sustainable community growth through planning, government efficiency, and technical assistance; for fiscal 2024, it operated at about $1.5M in both revenue and budget.

Mission Statement

TECHNICAL SERVICES GROUP ASSISTS REGIONAL TECHNOLOGY AND MANUFACTURING COMPANIES IN THE CREATION AND RETENTION OF JOBS, INCREASE SALES AND EXPAND CAPITAL INVESTMENT. VENTURE INITIATIVES PROVIDES CAPTIAL TO REGIONAL TECHNOLOGY COMPANIES BY CONNECTING THEM TO POTENTIAL INVESTORS, REVIEWING BUSINESS PLANS AND EXPANDING VENTURE FUNDING OPPORTUNITIES. CEG'S SALES CALLS, TRADESHOWS AND CULTIVATION OF BUSINESS CONTACTS THROUGH TARGETED STRATEGIC, CROSS-INDUSTRY & GLOBAL MARKETING PROGRAMS. PRESERVATION AND PROMOTION OF TECH VALLEY'S QUALITY OF LIFE WHILE HELPING POSITION COMMUNITIES TO ACHIEVE SMART AND DESIRED ECONOMIC GROWTH BY WORKING AT LOCAL, COUNTY AND STATE LEVEL TO EXPAND SERVICE-SHARING, ELIMINATE DUPLICATION AND STREAMLINE SERVICES AT ALL LEVELS OF GOVERNMENT. TO ENCOURAGE SMART GROWTH THROUGH THE DEVELOPMENT OF COMPREHENSIVE PLANS AND BY PROVIDING THE TOOLS, INFORMATION AND EDUCATION THAT WILL ALLOW FOR SUSTAINABLE COMMUNITIES.
Revenues
$1.5M
Expenses
$1.7M
Net Income:
-$205.4K
Assets
$1.3M
Liabilities
$274.3K
Net Assets:
+$1.1M
Operating Budget
$1.5M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
4
Median grant size
$10K
Largest grant received
$25K
M
Mark Eagan
Board Member
F
Fran O'ROURKE
Board Member
S
Stephen Obermayer
Board Member
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Frequently Asked Questions

What is CENTER FOR ECONOMIC GROWTH INC’s budget?
In 2024, CENTER FOR ECONOMIC GROWTH INC reported an annual operating budget of around $1.5 million. More detailed financial information is available to registered users.
What causes does CENTER FOR ECONOMIC GROWTH INC support?
CENTER FOR ECONOMIC GROWTH INC supports work in Economic development and Economics.
Where does CENTER FOR ECONOMIC GROWTH INC operate?
CENTER FOR ECONOMIC GROWTH INC is headquartered in Albany, NY.
Who funded CENTER FOR ECONOMIC GROWTH INC recently?
In 2024, CENTER FOR ECONOMIC GROWTH INC received grants from KIWI FOUNDATION, BBL CHARITABLE FOUNDATION, and FUZEHUB INC. More information on this organization’s funders is available to registered users.
What is the largest grant CENTER FOR ECONOMIC GROWTH INC received in 2024?
The largest grant to CENTER FOR ECONOMIC GROWTH INC in 2024 exceeds $25 thousand.
What is CENTER FOR ECONOMIC GROWTH INC’s reliance on government grants?
CENTER FOR ECONOMIC GROWTH INC relied on government grants for more than 40% of their total revenue in 2024.