Montgomery County Business Development Center

What Montgomery County Business Development Center does

Montgomery County Business Development Center (MCBDC) is a county government agency in New York State that consolidates the functions of the county Department of Economic Development, Planning and Tourism, the Industrial Development Agency (MCIDA), and the Capital Resource Corporation (CRC) into a single point of contact for businesses. The agency serves a heterogeneous constituency ranging from microenterprise startups (≤5 employees) to enterprise employers in food manufacturing, advanced manufacturing, transportation/warehousing/logistics, and retail distribution, including Beech-Nut, Dollar General, Target, Amazon, Amsterdam Printing, and Hill & Markes. Services include financial assistance (grants, low-interest loans, industrial development bonds, tax exemptions), site selection, planning approvals, and workforce development coordination.

The agency operates with a small professional staff of 8–10 employees led by Director Ken Rose, CFO Sheila Snell, and Director of Program Development Vinnie Nicosia. Core technology is limited to GIS-based mapping for planning and site analysis; no proprietary software or AI capabilities are disclosed. The go-to-market motion is direct relationship-based outreach supported by a website, social media presence, email newsletter, and community events such as the Small Business of the Month program and Buy It In Montgomery campaign. Services are provided at no cost to businesses, with funding secured through county budget allocations, Community Development Block Grants, USDA Rural Business Enterprise funds, EPA Brownfields Assessment awards, and state-level grants (notably $1.5M EPA, $270K Empire State Development, and $300K annual microenterprise grants). Revenue is not a relevant metric: MCBDC does not generate commercial revenue and is funded as a public agency.

Name

Montgomery County Business Development Center

Legal name

Montgomery County Business Development Center

Website

https://montgomerycountyworks.com

Company type

Public

Operating status

Operating

Headcount range

1–10 employees

Short description

Montgomery County Business Development Center is a county government agency that provides economic development services — grants, low-interest loans, tax incentives, and planning — to businesses that start, expand, or relocate within Montgomery County, New York.

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

Grantmaking and Giving Services (81321)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

Microloans & Working Capital Loans (FSAKAGAA)

Keywords

• Economic development services
• Small business financing
• Industrial development bonds
• Business attraction services
• County planning services

Headquarters

HQ city

Fonda

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Government Funding: MCBDC is funded through county budget allocations, state grants, and federal programs including Community Development Block Grants (CDBG) and EPA Brownfields funding. Services are provided at no cost to businesses.
2. Financial Incentives Administration: MCBDC administers industrial development bonds, tax exemptions, and loan programs that incentivize business investment and job creation in Montgomery County.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

MCBDC is a county government economic development agency that provides professional economic development services to businesses seeking to start, expand, or relocate in Montgomery County, New York. It administers financial assistance programs including microenterprise grants ($5,000-$35,000), low-interest revolving loan funds, industrial development bonds, and tax exemptions, and offers real estate/site selection, workforce development, and countywide planning services.

Product overview

Montgomery County Business Development Center (MCBDC) is a unified economic development agency that consolidates the county's Department of Economic Development, Planning and Tourism, Industrial Development Agency (MCIDA), and Capital Resource Corporation into a single point of contact for businesses. The organization offers a comprehensive suite of services including economic development assistance, real estate solutions, financial assistance programs (revolving loan funds, industrial development bonds, tax incentives), the Montgomery County Microenterprise Grant Program ($5,000-$35,000 grants), COVID-19 relief loans, workforce development connections, and planning services. Additional programs include the Small Business of the Month recognition initiative and brownfield redevelopment support. The center serves as the lead agency supporting economic growth, administering financial assistance, and connecting employers and workers in Montgomery County, New York.

Differentiator

Problem solved

Functional benefit

Products and services

• Economic Development Services Professional economic development assistance supporting business growth, expansion, and relocation to Montgomery County through coordinated county services.
• Montgomery County Microenterprise Grant Program Grant program providing $5,000 to $35,000 funding for small businesses with five or fewer employees to support equipment, inventory, marketing, and operational needs, funded through Community Development Block Grant (CDBG).
• Industrial Development Agency (MCIDA) Services Tax-exempt and taxable industrial development bonds, real property tax abatement, PILOT negotiations, sales and use tax exemptions (up to 8%), and mortgage recording exemptions (3-4%) for qualifying manufacturers and businesses.
• Capital Resource Corporation Services Direct revolving loan fund financing, low-interest loans for real estate acquisition, working capital, construction costs, and machinery and equipment purchases.
• Rural Business Enterprise Revolving Loan Fund Low-interest federal loans from the U.S. Department of Agriculture assisting with real estate acquisition, working capital, construction, and machinery and equipment purchases.
• COVID-19 Pandemic Loan Program One-percent interest short-term loans of up to $10,000 to help businesses cover costs associated with NY Forward reopening guidelines, deferred for up to six months, with loan period not to exceed two years.
• Planning Services Countywide planning services including land use regulations, zoning requirements, municipal demographics, and planning board referrals for the county and its municipalities.
• Real Estate Solutions Property acquisition assistance, shovel-ready real estate access, and site selection services for businesses relocating or expanding in Montgomery County.
• Workforce Development Connection Link between local workforce development board and Fulton-Montgomery Community College to help employers recruit and retain workers from the county's labor pool.

Quantifiable outcome

• Average earnings are lower in Montgomery County ($57,156) than in New York ($93,291) and the United States ($72,048)
• +4 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core, major and minor.

• WonderschoolcoreStrategic or Co-development Partner · 1 February 2025Partnership with Wonderschool to establish and sustain family childcare providers through comprehensive training and mentorship program. Part of $270,000 childcare expansion initiative aimed at creating 10 new family childcare facilities in the county. Wonderschool provides expertise in childcare management, community engagement, and regulatory compliance.
• Fulton-Montgomery Community College (FMCC)coreStrategic or Co-development PartnerKey link between local workforce development board and FMCC to help employers recruit and retain workers from the county's labor pool. FMCC graduates 500 students annually and recently added a supply chain management program. Partnership supports workforce pipeline for manufacturing, transportation, logistics, and healthcare businesses.
• New York State Department of StatecoreStrategic or Co-development PartnerBOA (Brownfield Opportunity Area) program partnership with NYS Department of State for developing strategic plans to reactivate neighborhoods impacted by brownfields. Currently overseeing BOA plans for Villages of Fort Plain and Nelliston, and City of Amsterdam's East End.
• Villages of Fort Plain and NellistoncoreStrategic or Co-development PartnerPartnership with Villages of Fort Plain and Nelliston on Brownfield Opportunity Area (BOA) Plan. Study area covers 1,642 acres with approximately 20 potential brownfield sites and 12 priority sites in downtown centers. Villages secured USDA Rural Placemaking Innovation Challenge grant with active public engagement process.
• Village of St. JohnsvillecoreStrategic or Co-development PartnerPartnership on EPA Brownfields Assessment Coalition Grant focusing on key redevelopment areas. Priority site includes 3.7-acre unsecured former industrial property abandoned since the 1990s.
• City of AmsterdamcoreStrategic or Co-development PartnerPartnership on EPA Brownfields Assessment Coalition Grant focusing on City of Amsterdam's East End Brownfield Opportunity Area. Priority site includes 5.3-acre former carpet mill.
• Weston & SampsonmajorImplementation/ SI/ Consulting PartnerLead consultant team for Brownfield Opportunity Area planning, with assistance from Planning4Places, LLC and other sub-consultants. Providing environmental assessment and strategic planning expertise for brownfield redevelopment.
• Mohawk Valley EmpowerscoreStrategic or Co-development PartnerInitiative focused on addressing key barriers to employment and supporting marginalized populations. MCBDC/IDA partnership aligns childcare expansion project with goals of Mohawk Valley Empowers initiative.
• Hodgson RussminorOthersAgency Counsel for MCIDA and CRC Board.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Saratoga County Industrial Development Agency: County-level IDA in adjacent Upstate NY with the same integrated mix of tax-exempt bonds, PILOTs, revolving loan funds, and microenterprise support. Closest structural analog with overlapping labor shed and competing for the same investment projects.
• Oneida County Industrial Development Agency: Larger Upstate NY county IDA pursuing the same food-processing, advanced manufacturing, and logistics prospects within the same regional labor shed that MCBDC targets.
• Dutchess County Economic Development Corporation: County-level EDO administering a similar blended portfolio of IDA incentives, small-business lending, site-selection assistance, and workforce programs in a Hudson Valley county with comparable rural/industrial mix.
• Herkimer County Industrial Development Agency: Adjacent Mohawk Valley county IDA offering nearly identical small-business microloan, IDB, and tax-incentive services, competing for similar regional logistics and food-manufacturing tenants.
• Otsego County Economic Development Corporation: Rural Upstate NY county EDO that administers similar microenterprise, revolving loan, and IDA-style incentive programming with overlapping small-business clientele.
• Fulton County Industrial Development Agency: Neighbor county (Fulton–Montgomery Community College serves both counties) operating the same IDA-plus-economic-development model. Direct functional peer given shared workforce pipeline and adjacent industrial geography.
• Rensselaer County Economic Development Inc. (REDI) / RCIDA: County-level economic development and IDA organization serving Rensselaer County, NY. Offers the same suite of IDA financing, incentive packages, and workforce development services, and competes in the same Capital Region site-selection market.
• Schoharie County Industrial Development Agency: Rural Upstate NY county IDA with comparable agricultural-and-manufacturing economic base and overlapping USDA rural lending and BOA-style brownfield redevelopment programs.

Regional players

• Center for Economic Growth (CEG): Capital Region public-private economic development organization that operates at a multi-county scale overlapping Montgomery County's market, providing complementary workforce, research, and business-attraction services.
• Capitalize Albany Corporation: Albany metro-area economic development organization that mirrors MCBDC's municipal/IDA/CRC integrated functions at a larger scale, competing for the same investor and tenant capital.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/MCBDCworks
• YouTubeyoutube.com/channel/UCb2ADujEdFlTWfxncGkpuRQ
• Facebookfacebook.com/MontgomeryCountyBusinessDevelopmentCenter
• LinkedInlinkedin.com/company/montgomery-county-department-of-economic-development-and-planning
• Instagraminstagram.com/montgomerycountyworks_/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Montgomery County Business Development Center