Property Rights Foundation of America®

3. Adirondack Economic Development Corp.
(Latest update 2001)

Trudeau Road
P. O. Box 747
Saranac Lake, NY 12983

(5l8) 89l-891-5523
Fax: (518) 891-9820
Elizabethtown (5l8) 873-9114

Web site: www.aedconline.com
E-mail: aedc@northnet.org

Key Personnel

Ernest S. Hohmeyer, President
Paul Connelly, Chairman
Allen Dunham, Director, AEDC Asset Management and Industrial Development Services (Community Development)
Mary McLean, Project Director, The Adirondack Initiative Program

 

Membership (not applicable)

Finances (1997)

Income: $995,971
Assets: $2,468,462

Files IRS Form 990

Coalition Involvements

Manages the Essex County Industrial Development Agency, Elizabethtown, and the Hamilton County Industrial Development Agency. The Essex County IDA also manages seven business parks in Moriah, Ticonderoga, Newcomb, Chesterfield, Schroon Lake, Westport and Keeseville in Essex County.

The Annual Report lists numerous businesses, banks, various members of the state Legislature, county boards of supervisors, and local towns in appreciation, as well as the following government agencies and organizations:

Adirondack Association of Towns and Villages
Adirondack/Champlain Valley Chamber of Commerce
Adirondack Community College
Adirondack Council
Adirondack Mountain Club
Adirondack Nature Conservancy
Adirondack North Country Association
Adirondack Park Agency Local Government Review Board
The Adirondack Project
Advertisers Workshop
Association for the Protection of the Adirondacks
Clinton, Essex, Franklin County library System
Essex County IDA Board
Governor George Pataki and Executive Staff
International Paler Company
Lake Placid/Essex County Visitors Bureau
New York State Builders Association
New York Blue Line Council
New York State Department of Environmental Conservation
New York State Department of State
Niagara Mohawk
North Country Community College
Olympic Regional Development Authority
Paul Smith's College and Trustees
Small Business Development Centers
St. Lawrence County IDA
SUNY College Of Environmental Science and Forestry
Technical Assistance Center, Plattsburgh SUNY
Tug Hill Commission
U.S. Forest Service
U.S. Rural Development Administration
U.S. Small Business Administration
Warren County Rural Economic Development Corporation

Organization Goals

Founded in 1984, AEDC's goals are assisting new business and business expansion, and promoting new business in the Adirondacks.

Board of Directors (1998)

Paul Connelly, Chairman (Marine Midland Bank)
James McKenna, Vice Chairman (Lake Placid/Essex County Visitor Bureau)
Cregg Thalmann, Secretary (Adirondack Bank)
Christine Snide, Treasurer (Member Hamilton County Board of Supervisors)
Julie Connors, Assistant Treasurer (National Bank and Trust)
Ernest Hohmeyer, President
George Canon (Newcomb Town Supervisor, Adirondack Association of Towns and Villages)
John Clark (HyperTrain, Inc.)
Philip Feinberg, (S. Curtis Hayes, Inc.)
Lutz Goesser (Adirondack Regional Airport
Fred Monroe (Attorney, Chestertown Town Supervisor, Adirondack Park Local Government Review Board)
Deborah McDonnell (Saranac Lake office of Community Development)
Robi Politi, (Town of North Elba)
Jean Raymond (Edinburgh Town Supervisor, Saratoga County Board of Supervisors)
Nancy Reich (Franklin County Community Action Agency)
Ed Roetman (Adirondack McDonalds)
Mitchel Smith, Board Member Ex-Officio (American Management Association)
Jerry Strack (Essex County Industrial Development Agency)

Note: Local town offices added by this writer to regional affiliations included in AEDC annual report.

Publications

"Business Opportunities in the Adirondacks" (a folder/brochure)
1998 Annual Report-Adirondack Economic Development Corporation

Comments

In July l998, Governor Pataki awarded AEDC a matching-fund grant of $500,000 to "bolster the Adirondack's sluggish economy and ignite the Adirondack Initiative," according to the Adirondack Journal. Hohmeyer said that the initiative is an "innovative funding program that will allow communities to plan for sustainable development that is congruent with job creating while protecting the community's quality of life."

The Initiative will include an "Economic Development Round Table," community economic planning, and an "Adirondack Business Development Strategy" involving a "coordinated regional business development marketing strategy." One strategy is to develop APA "conceptually pre-approved sites" for economic activity.

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