September Newsletter from AEDC

ESD Commissioner Knight Announces Revolving Loan Fund Partnership with AEDC

Charles Williams, owner of Our Plates, a new restaurant in Saranac Lake; Hope Knight, Empire State Development President, CEO, and Commissioner; and Victoria Duley, executive director of the Adirondack Economic Development Corporation (AEDC). Photo by Nancie Battaglia

Empire State Development (ESD) Commissioner Hope Knight was in Saranac Lake on August 7th to jointly announce a new $1 million revolving loan fund through New York State, matched to $1 million in private investments. Making the joint announcement were Commissioner Knight, Executive Director Victoria Duley, and Adirondack Foundation CEO Cali Brooks.

Commissioner Knight toured downtown Saranac Lake businesses including the Village Mercantile, Our Plates, Human Powered Planet Earth, and Art Rise during her visit. These funds will be used to grow small businesses across Clinton, Essex, Hamilton, Herkimer, St. Lawrence, Washington, and Warren Counties at the onset. For more information contact AEDC office or at www.aedconline.com

Adirondack Economic Development Corporation | AEDC

AEDC is a 501c3 non-profit economic development organization providing business training, lending, and technical assistance to small businesses and entrepreneurs across Northern New York State. AEDC

Township 7 Brewing Company's success started with an entrepreneurship class hosted by Adirondack Economic Development Corporation!

"I attended the class in 2014 to work on my business plan and solidify my idea for the brewery," said owner, Nate Drake. "They helped significantly with putting a business plan together, which allowed me to present to investors who would potentially, and did, invest in the company."

For more information click: Township 7 Brewing Company

Human Power Planet Earth

Human Power Planet Earth, a bicycle repair, rental, and sales shop in Saranac Lake has a mission for more sustainable "human-powered" transportation. We are thrilled to have helped them with several of our services throughout their time in business so far.

“I first learned about AEDC in the newspaper when I was working at Nori’s” John Dimon recalled. Dimon is the owner of Human Power Planet Earth. A bicycle repair, rental, and sales shop in Saranac Lake with a mission for more sustainable “human-powered” transportation.