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The NYBDC Local Development Corporation is a nonprofit organization focused on economic development and community improvement in New York. With an operating budget of $8.7 million and total revenue of $13.1 million for the filing year 2025, the organization is dedicated to assisting small businesses in acquiring real property, promoting business prosperity, and creating jobs within the state. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission.
Mission Statement
TO ASSIST SMALL BUSINESS IN THE ACQUISITION OF REAL PROPERTY, AND CONSTRUCTION, RENOVATION OR OTHER IMPROVEMENTS THEREON, AND THEREBY PROMOTE AND ENCOURAGE THE BUSINESS PROSPERITY AND ECONOMIC WELFARE OF THE STATE OF NEW YORK; TO ENCOURAGE AND ASSIST IN THE LOCATION OF NEW BUSINESS AND INDUSTRY IN THE STATE OF NEW YORK; AND TO PROVIDE FINANCING TO BOTH NEW AND EXISTING BUSINESSES AND INDUSTRY; AND TO CREATE AND RETAIN JOBS WITHIN THE STATE OF NEW YORK.
Cause Areas
2
Community improvement
Economic development
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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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Frequently Asked Questions
What is NYBDC LOCAL DEVELOPMENT CORPORATION’s budget?
In 2025, NYBDC LOCAL DEVELOPMENT CORPORATION reported an annual operating budget of around $8.7 million. More detailed financial information is available to registered users.
What causes does NYBDC LOCAL DEVELOPMENT CORPORATION support?
NYBDC LOCAL DEVELOPMENT CORPORATION supports work in Community improvement and Economic development.
Where does NYBDC LOCAL DEVELOPMENT CORPORATION operate?
NYBDC LOCAL DEVELOPMENT CORPORATION is headquartered in Latham, NY.
Who funded NYBDC LOCAL DEVELOPMENT CORPORATION recently?
In 2024, NYBDC LOCAL DEVELOPMENT CORPORATION received grants from HILLMAN FAMILY FOUNDATIONS, THE RALPH C WILSON JR FOUNDATION, and TRAVELERS FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant NYBDC LOCAL DEVELOPMENT CORPORATION received in 2024?
The largest grant to NYBDC LOCAL DEVELOPMENT CORPORATION in 2024 exceeds $1 million.