Paul Smith’s College’s Global Center for Rural Communities (GCRC) and the Adirondack Economic Development Corporation (AEDC) have partnered to launch an “Idea Lab” at Paul Smith’s College to support entrepreneurial efforts in the Adirondack region.
The Idea Lab is a satellite office for AEDC that is designed to provide students and the local community professional feedback on new business ideas and technical assistance with launching a business or growing an existing company, including business plan development, access to capital, and training.
AEDC is currently based out of Saranac Lake, and provides business training, lending, and technical assistance to underserved populations in 14 counties across the North Country: Clinton, Essex, Franklin, Fulton, Hamilton, Herkimer, Jefferson, Lewis, Oneida, Oswego, Saratoga, St. Lawrence, Warren and Washington counties. Launching the Idea Lab at Paul Smith’s College gives AEDC an opportunity to extend their client base to include student entrepreneurs with innovative ideas to bolster rural economic development in the region.
In 2018, Paul Smith’s formed the GCRC in an effort to share ideas with global partners about how to create thriving rural communities that exhibit ecological, social, and economic resilience. Faculty and students work with organizations addressing rural development issues including the Resilience Studies Consortium, UNESCO’s Man and Biosphere Program, and most recently, the AEDC.
For more information on the Idea Lab or to schedule an appointment for a free consultation, contact AEDC’s business counselor, Stephanie Donaldson, at (518) 891-5523 or email [email protected], or click here.