Economic Development is a comprehensive program of initiatives implemented by communities and policymakers to enhance and promote the economic and social quality of life in a particular region. These initiatives can involve programs such as workforce development, job creation and retention, attracting new businesses, developing existing local enterprises, sustainability, infrastructure, regional competitiveness, health, safety and more.
For entrepreneurs and small business owners, local economic development agencies typically provide assistance in the form of low interest loans and other financial incentives offered to qualified businesses to stimulate job growth and retention. There are many economic development programs operating within the New York Capital Region and the Center for Economic Growth does an excellent job compiling and keeping track of the many opportunities available for local businesses of all sizes. To explore economic developments through the Center for Economic Growth, please click on the CEG logo below. Tech Park tenants should also go directly to the Rensselaer County IDA and Town of North Greenbush IDA to explore financial incentive programs when they are ready to grow or expand their businesses locally: