A regional business corporation created in 1958 by St. Lawrence River area business leaders has been reorganized as the Jefferson Economic Development Fund and has affiliated with the Northern New York Community Foundation.
Founded as a nonprofit corporation known as the Jefferson County Chambers of Commerce nearly six decades ago the Fund will focus its activities on awarding grants to support projects or programs which promote the general welfare of the region with emphasis on the St. Lawrence River area.
The 1968 corporation was formally dissolved this month with the approval of the New York State Department of Taxation and Finance, the Secretary of State and New York’s Attorney General. Under its reorganization, the Fund will be independently guided by the board of the former organization with its funds stewarded by the Community Foundation.
“Our affiliation with the Foundation is a logical fit,” said Fund President Cary R. Brick of Clayton, “the Foundation has a strong record in investing the funds of its affiliated organizations. Our Fund is now assured that its 1958 mission of supporting local benefit activities can continue into perpetuity.” [Read more…]