Three Rivers Development Corporation

What Three Rivers Development Corporation does

Three Rivers Development Corporation is a private, member-driven economic development organization founded in 1966 and headquartered in Corning, New York. It serves a three-county region in the Southern Tier — Steuben, Chemung, and Schuyler Counties — covering approximately 1,400 square miles and a population of more than 200,000 residents. Its mandate is to attract, retain, and grow businesses, jobs, and investment within this footprint on behalf of its institutional members, which include large regional employers such as Corning Inc., Arnot Health, and Guthrie Health, as well as public-sector partners.

The organization's core activities span business attraction and retention, site selection assistance, grant pursuit and administration (including ARC and RESTORE NY programs), workforce development, and housing strategy. Notable initiatives include the Corning Housing Partnership (through which approximately $3.5 million has been leveraged), the Southern Tier Railcar Industry Analysis conducted in partnership with Siemens Mobility and Brightline West, and the $1 million RESTORE NY-funded Carriage House Inn boutique hotel project. In 2025 the organization launched SoFLX.com, a regional workforce recruitment website designed to market the Southern Tier to prospective talent.

Three Rivers operates with a small staff of 1-10 employees under the leadership of President Kamala Keeley (appointed July 2021). Revenue is derived from a mix of membership dues from anchor employers and institutional members, state and federal grants administered through programs such as ARC and RESTORE NY, and ancillary consulting and project services. The model is non-profit and stakeholder-funded rather than transactional, with grant dollars frequently functioning as pass-through funding for member-driven projects rather than retained operating revenue.

Name

Three Rivers Development Corporation

Legal name

Three Rivers Development Corporation

Website

https://3riverscorp.com

Company type

Private

Founded year

1966

Operating status

Operating

Headcount range

1–10 employees

Short description

Three Rivers Development Corporation is a member-driven economic development nonprofit founded in 1966, serving Steuben, Chemung, and Schuyler Counties in New York's Southern Tier. It pursues business attraction, retention, workforce development, and grant-funded projects for regional anchor employers.

Ownership category

akta.pro rank

Product category

Economic Development Services

akta.pro primary industry

Economic Development & Business Licensing (Local) (BPAIACAN)

akta.pro secondary industries

Water Resources Administration (Watersheds, Rivers, Groundwater) (BPAIAMAE), State/Provincial Transportation, Roads & Public Works Administration (BPAIABAK)

Keywords

• Regional economic development
• Workforce development strategy
• Housing market analysis
• Talent recruitment services
• Strategic planning consulting

Headquarters

HQ city

Corning

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Membership Dues and Contributions: Three Rivers Development Corporation is a member-driven organization supported by area businesses and organizations that provide strategic guidance and financial support for projects and initiatives. Annual reports and strategic plans indicate ongoing membership-based funding model.
2. Grant Funding: The organization receives grant funding for specific initiatives. Examples include a $50,000 ARC grant for the Chemung River Greenway feasibility study and $1 million in RESTORE NY grant funding for The Carriage House Inn boutique hotel project.
3. Economic Development Consulting Services: Three Rivers commissions and manages economic development studies and strategies on behalf of municipalities and counties, including housing analyses, industry demand studies, and strategic action plans.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Three Rivers Development Corporation leads, partners, and collaborates with regional economic development agencies, organizations, and municipalities in Steuben, Chemung, and Schuyler Counties (New York's Southern Tier) to grow the regional economy and enhance quality of life. The organization delivers economic development consulting, housing demand analyses, industry studies, strategic planning documents, and the SoFLX.com regional recruitment platform.

Product overview

Three Rivers Development Corporation is an economic development organization (not a technology/software company) that offers a portfolio of economic development programs, initiatives, and research publications. Its primary offerings include SoFLX.com (a regional recruitment and retention website), various industry analyses (railcar, housing, cleantech), infrastructure feasibility studies, and strategic planning documents. These are economic development services and reports, not traditional software products or technology platforms.

Differentiator

Problem solved

Functional benefit

Brands

• Southern Finger Lakes (SoFLX): A regional recruitment and retention website for Southern Finger Lakes employers, economic development agencies, and chambers of commerce, promoting quality of life initiatives for the Southern Tier.

Products and services

• SoFLX.com Regional Recruitment Platform A regional recruitment and retention website for Southern Finger Lakes employers targeting recruits from outside the region, remote workers seeking a change, and locals open to new opportunities; serves major employers including Arnot Health, Guthrie, and Corning Incorporated.
• Southern Tier Railcar Industry Analysis A comprehensive demand analysis assessing the region's competitive position, workforce, and supply chain needs for the railcar industry, with forecasts over the next decade; commissioned for regional economic development partners.
• Southeast Steuben County Housing Needs Analysis A housing needs assessment evaluating current housing state, unmet demand areas, and providing data-driven guidance for future investments and planning efforts.
• Chemung River Greenway Trail Feasibility Study Feasibility study for a 53-mile multi-use trail connecting Corning, Elmira, and Erwin, outlining a $100 million vision for walking, cycling, and non-motorized transit.
• Strategic Action Plans Strategic planning documents including the 2025-2027 Strategic Action Plan and various regional economic development strategies for the Southern Tier region.

Quantifiable outcome

• Leveraged nearly $3.5 million in neighborhood housing revitalization through Corning Housing Partnership
• +4 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Siemens Mobility / Brightline WestcoreStrategic or Co-development Partner · 1 January 2025Southern Tier Logistics Business Park will be home to the new Siemens Mobility high-speed railcar production facility for Brightline West. Major economic development initiative for the region.
• Camoin AssociatesminorImplementation/ SI/ Consulting Partner · 1 January 2025Consulting firm commissioned for Southern Tier Railcar Industry Demand Analysis and Southeast Steuben County Housing Needs Analysis in 2025.
• LaBella AssociatesminorImplementation/ SI/ Consulting Partner · 1 January 2024Architecture and engineering firm collaborated on Chemung River Greenway Trail Feasibility Study completed in late 2024.
• Corning Housing PartnershipcoreStrategic or Co-development Partner · 1 January 2016Public/private partnership including City of Corning, Corning Enterprises, Three Rivers Development Foundation, and Arbor Housing and Development. Focused on neighborhood revitalization in Corning, NY. Leveraged nearly $3.5 million in housing revitalization investments. Single-family property values increased 9-11%, multi-family increased 93-131%.
• Johnson-Schmidt AssociatesminorImplementation/ SI/ Consulting PartnerRenowned preservation architecture team designated for The Carriage House Inn boutique hotel project design.
• Arbor Housing and DevelopmentcoreStrategic or Co-development PartnerPartner in Corning Housing Partnership and key collaborator on housing development initiatives in the region.
• City of CorningcoreStrategic or Co-development PartnerKey municipal partner in Corning Housing Partnership, downtown revitalization, and ongoing economic development initiatives.
• City of ElmiracoreStrategic or Co-development PartnerKey municipal partner for The Carriage House Inn boutique hotel project and downtown development initiatives.
• SCIDA (Steuben County Industrial Development Agency)coreStrategic or Co-development PartnerPartner in commissioning Southern Tier Railcar Industry Analysis in 2025.
• STEG (Southern Tier Economic Growth)coreStrategic or Co-development PartnerPartner in commissioning Southern Tier Railcar Industry Analysis in 2025.
• Town of ErwinminorStrategic or Co-development PartnerCollaboration on Exit 43 Economic Development Action Plan and market-rate housing initiatives.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Three Rivers Development Corporation