April is Financial Literacy Month

REACH YOUR FULL FINANCIAL CAPABILITY

A lot goes into small business success — hard work, vision, and resourcefulness. But perhaps nothing can help an entrepreneur achieve and maintain success more than a sound understanding of their finances. As the U.S. economy moves beyond recovery, financial literacy has never been more important.

Financial Literacy Month encourages all Americans — and the small business community in particular — to learn about best practices for improving their financial well-being. It’s also a reminder to establish or revisit overall financial projections and goals. Maybe you’re interested in obtaining a loan. AEDC is here to help!

BOARD OF DIRECTORS

The AEDC Board of Directors held its Annual Meeting in Saranac Lake on March 16th. The board said goodbye and a huge thank you for 16 years of service to Barbara Criss of Old Forge. Barbara retired from Community Bank and served on AEDCs Board twice and for many years on its Lending and Governance committees.

Also at the annual meeting, the organization thanked long-serving Board Chair Wayne Thomas of North Creek, for his incredible service as Chair. Wayne spent most of his career with the Internal Revenue Service. AEDC welcomes new Chair of the Board Rob Aiken of Watertown. Rob works at Aubertine Currier Architects also in Watertown.

New Board Member

At its annual meeting, AEDC welcomed Cedric Carter from TD Bank to its Board of Directors. The organization is thrilled to add his regional financial and community expertise to the Board.

Welcome, Cedric!

For more information

AEDC’s Board of Directors

CURRENT EVENTS

High Peaks Brew

Congratulations to Rebekah Hilpl of High Peaks Brew on a loan closed to support her business expansion. Rebekah is using the funding to renovate a new mobile coffee truck which will have upgraded equipment and rechargeable batteries to more sustainably power her operations. More delicious coffee and products coming!

For more information on High Peaks Brew see High Peaks Brew Mobile Coffee Bar!

NY CDFI Coalition

Victoria and Chad attended the NY CDFI Coalition conference in Albany, connecting with other CDFI colleagues, and enjoyed the Pulitzer Prize-winning author Matthew Desmond’s talk on “Poverty, by America”.

For more information on CDFI's see

What Are CDFI's?

Please congratulate, Dr.Chad!

Our own Chad Czelusniak-Serviss recently submitted his dissertation for a Doctorate in Business Administration in Social Impact Management, which has been approved! The doctoral study, Construction Industry: Profitable Corporate Sustainability Strategies and Processes to Achieve Competitive Advantage.

ANNUAL REPORT 2022

AEDC has released its annual report for 2022 operations. The team is excited to “grow forward” and to celebrate the successes of small businesses, and our incredible partners, across the region.

AEDC ANNUAL REPORT 2022

For more details contact AEDC and social media links below!

AEDC

67 Main Street Suite 300

Saranac Lake, NY 12983

518.891.5523