Columbia Economic Development Corp
Columbia Economic Development Corp is a public charity based in Hudson, New York, and identifies itself as the lead economic development organization for Columbia County. It supports business development through lending, technical assistance, training, and other economic development services, including assistance with business location and expansion.
Columbia Economic Development Corp at a glance
In short: Columbia Economic Development Corp gave $277K across 13 grants in 2025 (avg $21K), mostly in New York. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $276,530
- -26.9% vs 2024
- Grants made (2025)
- 13
- -13.3% vs 2024
- Average grant
- $21,272
- -15.7% vs 2024
- Median grant
- $22,000
- Total assets
- $5,638,863
- +4.1% vs 2024
- Primary geography
- New York (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
How to apply to Columbia Economic Development Corp
- Contact
Mailing address: 1 Hudson City Centre Suite 301, Hudson, NY 12534
Phone: (518) 828-4718
Website: https://columbiaedc.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Columbia Economic Development Corp funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Columbia County Chamber of Commerce ($65K). Together the top 10 received $255K.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 27 grants of 32 (84%).
Geographic Focus
Where this funder awards grants
The organization is based in Hudson, New York. Its website describes SBA Microloans as available to for-profit businesses in Columbia and Greene Counties, while its revolving loan fund is for start-up and expanding businesses that create jobs in Columbia County. All 2025 grant dollars listed in the filing went to recipients in New York State.
Grant Distribution by State
Share of 2025 grant dollars across all 13 itemized grants.
States
Cities
How Columbia Economic Development Corp gives
- 15% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+4%). Method
Estimate from itemized grant lists in IRS Form 990 filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $5K (2019) to $378K (2024). In 2025 it made 13 grants totaling $277K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Columbia County Chamber of Commerce Hudson, NY | The loan program ofers loans to local businesses often at a discounted interest rate, to attract business to the county as well as expand business growth from existing businesses already located in the county. | $65,000 |
| Bacon and Toast LLC Hudson, NY | The loan program ofers loans to local businesses often at a discounted interest rate, to attract business to the county as well as expand business growth from existing businesses already located in the county. | $24,000 |
| Neighbor Running LLC Hudson, NY | The loan program ofers loans to local businesses often at a discounted interest rate, to attract business to the county as well as expand business growth from existing businesses already located in the county. | $24,000 |
| Green Square Enterprises LLC Hudson, NY | The loan program ofers loans to local businesses often at a discounted interest rate, to attract business to the county as well as expand business growth from existing businesses already located in the county. | $22,000 |
| Cascades Cafe LLC Hudson, NY | The loan program ofers loans to local businesses often at a discounted interest rate, to attract business to the county as well as expand business growth from existing businesses already located in the county. | $22,000 |
| Hey Moon Press LLC Hudson, NY | The loan program ofers loans to local businesses often at a discounted interest rate, to attract business to the county as well as expand business growth from existing businesses already located in the county. | $22,000 |
| Eutierria Wellness Hudson, NY | The loan program ofers loans to local businesses often at a discounted interest rate, to attract business to the county as well as expand business growth from existing businesses already located in the county. | $22,000 |
| Robert Mathews DBA Depot Deli Copake Falls, NY | The loan program ofers loans to local businesses often at a discounted interest rate, to attract business to the county as well as expand business growth from existing businesses already located in the county. | $22,000 |
| Philmont Clay Collective Philmont, NY | The loan program ofers loans to local businesses often at a discounted interest rate, to attract business to the county as well as expand business growth from existing businesses already located in the county. | $17,000 |
| Bel Fiore 616 LLC New Lebanon, NY | The loan program ofers loans to local businesses often at a discounted interest rate, to attract business to the county as well as expand business growth from existing businesses already located in the county. | $15,000 |
Ready to take the next step with Columbia Economic Development Corp?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $5,638,863 | $1,593,553 | $1,556,145 | $276,530 | 13 | $29,347 |
| 2024 | $5,416,497 | $1,544,530 | $1,511,410 | $378,477 | 15 | $36,980 |
| 2023 | $4,825,253 | $1,181,402 | $1,165,398 | $75,150 | 2 | $40,300 |
| 2022 | $4,476,822 | $1,131,840 | $1,149,573 | $265,000 | 2 | $5,795 |
| 2021 | $3,735,623 | $877,012 | $841,851 | $9,654 | Total only | $3,750 |
| 2020 | $3,599,960 | $893,546 | $1,170,862 | $244,770 | Total only | $10,854 |
| 2019 | $3,533,165 | $788,476 | $787,881 | $5,000 | Total only | $27,495 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
CEDC’s stated mission is to strengthen the area’s tax base through economic development and job creation, assist businesses to locate and expand within Columbia County, and promote the county as a place for business investment and personal opportunity.
Its loan policy identifies objectives that include promoting business development and economic stability, assisting women, low-income, veteran, and minority business owners and others who cannot obtain sufficient traditional financing, attracting businesses that provide employment, and encouraging business expansion or modernization. CEDC’s website says SBA Microloans include free technical assistance from staff and consultants. Its 2025 filing reports that it lent $1,038,599 to local businesses during the year and received $765,497 in loan repayments; these are lending figures, not grants given.
Grantmaking
The 2025 filing reports 13 grants totaling $276,530. Grants ranged from $5,187 to $65,000, with a median of $22,000. The listed grant purposes describe a loan program offering local businesses loans, often at discounted interest rates, to attract businesses to the county and support growth among existing businesses.
The largest listed grants were $65,000 to Columbia County Chamber of Commerce; $24,000 each to Bacon and Toast LLC and Neighbor Running LLC; and $22,000 each to Green Square Enterprises LLC, Cascades Cafe LLC, Hey Moon Press LLC, Eutierria Wellness, and Depot Deli.
CEDC’s website also contains Columbia Forward Microenterprise Development Grant application materials. The checklist calls for a signed application, a Columbia Forward Microenterprise Training Program certificate, a business plan with financial projections, an income form to determine low- and moderate-income status, financial and business records, and documentation of funds in the budget, including at least 10% owner’s equity. The materials state that completing an application does not guarantee grant funding. The available application document is dated March 2024; no deadline or current application cycle is stated.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists James Calvin as chairman, Tarah Gay as vice chair, Rachel Levine as secretary, and Bryan Mahoney as treasurer. Directors listed are Richard Cummings, Justin Goldman, Derek Grout, Christine Hinz, and Michael Johnston. Amanda Karch is listed as an ex-officio member.
Columbia Economic Development Corp is led by F. Michael Tucker, President & CEO on every filing since 2019; 1 of 17 officers listed in 2025 is compensated.
Officers on the 2025 filing
F. Michael Tucker
President & CEO
On filings since 2019
30 hrs/week
$156K (2024) → $147K (2025)
James Calvin
Chairman
Vice Chair → Chairman, 2024
On filings since 2019
5 hrs/week
No compensation reported
Derek Grout
Director
On filings since 2019
0.3 hrs/week
No compensation reported
Richard Cummings
Director
On filings since 2019
0.3 hrs/week
No compensation reported
Sean Sawyer
Director
On filings since 2022
0.3 hrs/week
No compensation reported
Justin Goldman
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Michael S. Johnston
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Rachel Puckett
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Christine Hinz
Director
On filings since 2024
0.3 hrs/week
No compensation reported
Gary Graziano
Director
New on the 2025 filing
0.3 hrs/week
No compensation reported
Carmine Pierro
Ex-Officio Member
On filings since 2019
0.3 hrs/week
No compensation reported
Tarah Gay
Vice Chair
Director → Treasurer, 2022
Treasurer → Vice Chair, 2024
On filings since 2021
0.3 hrs/week
No compensation reported
Bryan Mahoney
Treasurer
Director → Treasurer, 2024
On filings since 2022
0.3 hrs/week
No compensation reported
Rachel Levine
Secretary
Director → Secretary, 2025
On filings since 2022
0.3 hrs/week
No compensation reported
Amanda Karch
Ex-Officio Member
On filings since 2024
0.3 hrs/week
No compensation reported
Ryan Skoda
Ex-Officio Member
On filings since 2024
0.3 hrs/week
No compensation reported
Victoria Walsh
Ex-Officio Member
New on the 2025 filing
0.3 hrs/week
No compensation reported
Former officers (35)
- Former: Carlee Rader Drummer (2019–2024) — Ex-Officio Member
- Former: David Fingar (2019–2024) — Former Director
- Former: Kenneth Leggett (2019–2024) — Director
- Former: Ruth Adams (2019–2024) — Former Director
- Former: Sarah Sterling (2019–2024) — Former Director
- Former: Michael Molinski (2022–2024) — Secretary
- Former: Christian Lopez (2024) — Director
- Former: Christopher Nardone (2024) — Former Ex-Officio
- Former: Richard Nesbitt (2024) — Director
- Former: Rick Scalera (2024) — Former Director
- Former: Richard Scalera (2019–2023) — Ex-Officio Member
- Former: Anita Otey (2021–2023) — Former Director
- Former: Joseph Benson (2021–2023) — Former Director
- Former: Anand Balasar (2022–2023) — Former Director
- Former: Rick Rector (2022–2023) — Director
- Former: Brian Stickles (2019–2022) — Director
- Former: James Lapenn (2019–2022) — Director
- Former: John Lee (2019–2022) — Director
- Former: Patricia Finnegan (2019–2022) — Director
- Former: Seth Rapport (2019–2022) — Director
- Former: Michael Hochman (2022) — Director
- Former: Michale S. Johnston (2022) — Director
- Former: Gary Spielmann (2019–2021) — Director
- Former: Maria Suttmeier (2019–2020) — Director
- Former: Russell Bartolotta (2019–2020) — Director
- Former: Collin Brown (2020) — Director
- Former: Erin Mortenson (2020) — Director
- Former: Colin Stair (2019) — Director
- Former: James Campion (2019) — Ex-Officio Member
- Former: John Reilly (2019) — Director
- Former: Michael Polemis (2019) — Director
- Former: Richard Bianchi (2019) — Director
- Former: Robert Sherwood (2019) — Director
- Former: Tony Jones (2019) — Director
- Former: Triona Fritsch (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $147K, to F Michael Tucker (President & CEO).
Frequently asked questions about Columbia Economic Development Corp
How much does Columbia Economic Development Corp give each year?
Columbia Economic Development Corp gave $277K across 13 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $378K across 15 grants.
What is Columbia Economic Development Corp's typical grant size?
Columbia Economic Development Corp's median grant in 2025 was $22,000, and its average grant was $21,272, across 13 grants on its 2025 IRS Form 990.
Where does Columbia Economic Development Corp give grants?
Columbia Economic Development Corp gives mostly in New York: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Hudson, NY (9 grants).
Does Columbia Economic Development Corp give general operating support?
Not in 2025: none of the 13 grants with a stated purpose on Columbia Economic Development Corp's 2025 IRS Form 990 were described as general or operating support.
Who are Columbia Economic Development Corp's largest grantees?
Columbia Economic Development Corp's largest 2025 grantees include Columbia County Chamber of Commerce ($65,000), Bacon and Toast LLC ($24,000) and Neighbor Running LLC ($24,000), according to its 2025 IRS Form 990. Together they received 41% of its itemized 2025 grant dollars.
How large is Columbia Economic Development Corp?
Columbia Economic Development Corp reported $5.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.6M.
What does Columbia Economic Development Corp fund?
CEDC’s stated mission is to strengthen the area’s tax base through economic development and job creation, assist businesses to locate and expand within Columbia County, and promote the county as a place for business investment and personal opportunity. See mission & focus areas ↑
How do I apply for a grant from Columbia Economic Development Corp?
Columbia Economic Development Corp has no public application process in the sources Grantable reviewed. Check columbiaedc.com for current guidelines, or contact the foundation directly before submitting a request.
What is Columbia Economic Development Corp's EIN?
Columbia Economic Development Corp's EIN (Employer Identification Number) is 14-1755710. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS June 28, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS August 28, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS August 1, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS August 13, 2026)
- Added Form 990 for fiscal year 2019 (received by the IRS April 20, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 10, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS April 18, 2022)
- IRS filings on file for fiscal years 2020–2024
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