Regional Development Corp
The Lake Champlain – Lake George Regional Development Corporation (LCLGRDC) is a non-profit entity that was created in the late 1980’s to accept funds from the US Department of Agriculture for an Intermediary Relending Program (IRP) similar to the already established LCLGRPB Revolving Loan Fund.
Currently, the IRP has six open loans to businesses throughout the 5-county region:
- All Brand’s Redemption Center – Warren County
- Cloverland Farms – Essex County
- Jay’s Monitor Heating – Clinton County
- LaPan’s Precision A/C, Refrigeration & Heating – Warren County
- Livingston’s Property Management – Warren County
- Witherbee’s Carriage House – Essex County
The LCLGRDC is not currently accepting applications for new loans.
Current Loan Information
The LCLGRDC is subject to the 2005 NYS Public Authorities Accountability Act (PAAA), which ensures oversight of efficiency and transparency for Public Authorities. The following documents are posted as part of the Act’s compliance requirements.
Beth Hunt, Hamilton County
Albert Nolette, Washington County
Glen Cutter, Clinton County
Joseph Giordano, Essex County
John Strough, Warren County
David O’Brien, Chairman, LCLGRPB
Beth Gilles, Director, LCLGRPB
The LCLGRDC was formed to:
- Initiate and propose economic development projects in the counties of Warren, Washington, Clinton, Essex and Hamilton;
- Administer appropriated funding to implement projects that demonstrate a substantial likelihood of providing increases in new permanent jobs in businesses that need financial assistance to remain viable;
- Encourage and affect the location and expansion of commercial, industrial, and manufacturing facilities, and the retention of existing business and industry in the five aforementioned counties;
- Create employment opportunities and improve the quality of employment in the area comprising the five counties;
- Integrate, to the fullest extent possible, all available public and private resources, expertise and programs for economic development in the region; and
- Relieve and reduce unemployment, promote and provide for additional maximum employment, better maintain job opportunities, instruct and train individuals, and improve or develop their capabilities for jobs.
Certificate of Incorporation
The LCLGRDC was incorporated in 1989.
The Bylaws for the LCLGRDC were amended in January 2020.
- Certificate of Independent Director
- Financial Disclosure (Long-Form)
- Organization Structure
- Organizational Chart
- Real Property and Investment Statement
- Member Employment & Professional Experience
Reports and Audits
Below are copies of the most recent LCLGRDC audits of the financials.
- 2020 Assessment of Internal Controls
- 2020 Audit Management Letter
- 2020 Final Report To The Board
- 2020 Final Financial Statement
- 2020 Annual Report
- 2020 Measurement Report
- 2019 Assessment of Internal Controls
- 2019 LCLGRDC Annual Report
- 2019 LCLGRDC Measurement Report
- 2019 LCLGRDC Audit
- 2019 LCLGRDC Report to the Board
- 2019 LCLGRDC Audit Management Letter
- 2018 LCLGRDC Audit Management Letter
- 2018 LCLGRDC Audit Report to the Board
- 2018 LCLGRDC Audit
- 2018 LCLGRDC Annual Report
- 2018 Measurement Report
- 2017 LCLGRDC Audit
- 2016 LCLGRDC Audit
Due to the Novel Coronavirus (COVID-19) Emergency and State and Federal bans on large meetings or gatherings and pursuant to Governor Cuomo’s Executive Order 220.1 issued on March 12, 2020 suspending the Open Meetings Law, the Lake Champlain – Lake George Regional Development Corporation has suspended all in-person meetings until further notice. All meetings will be held electronically via video or teleconference. Call-in information for each meeting can be found on the posted agendas. Minutes of the meetings will be transcribed and posted on this website.
Thank you for your patience.