After a brief hiatus, the powers-that-be at the Press Republican invited me to resume writing a bi-monthly column for the Business Section of the Sunday paper.
I stopped writing a column focused on workforce issues last June when I stepped down as executive director of the North Country Workforce Investment Board. Later that month, I accepted an offer to become the president of The Development Corporation (TDC) — otherwise known as a “dream job.”
Over the past six months, I realized that not many people understand what TDC is or what it is that TDC does. Therefore, I thought it appropriate to devote my first column to a primer on TDC.
Let me begin by explaining what TDC is not. TDC is NOT a government agency. A legislative body does not appoint our Board of Directors. TDC does NOT receive any public funding. TDC funds its budget with rental revenue from the buildings it owns.
Unfortunately, perhaps in part because of our name (The Development Corporation, Clinton County, New York), many people believe that we are a part of the Clinton County government.
TDC is a private, not-for-profit, economic-development corporation with more than 50 years of economic-development success in Clinton County. Governed by a 39-member board of directors comprised of business and community leaders from throughout Clinton County, TDC develops industrial parks, markets the county for new business investments and works to retain and expand local industry.
The precursor to TDC, the Champlain Development Corporation of New York, was incorporated on Aug. 25, 1961. The incorporators included a group of five Clinton County businessmen, none of whom was an elected or appointed local, state or federal official. The name of the organization changed over the years from Champlain Development Corporation of New York, to New Industries for Clinton County, to Clinton County Area Development Corporation, to The Development Corporation.