Long Island Development Corporation

President and CEO Gina Hill Slater Parker leads the organization, overseeing loan originations and the SBA certification process. Founder Roslyn D. Goldmacher, the former CEO, remains influential through board-level roles at the Long Island Community Foundation and the Long Island Business Development Council.

LIDC operates as a certified development company under the SBA's 504 loan program, which authorizes the firm to originate, underwrite, and service government-guaranteed loans for owner-occupied commercial real estate and capital equipment. It also participates in the SBA's 7(a) working-capital loan program.

LIDC acts primarily as a loan packager and servicer for SBA-guaranteed products, meaning the credit risk is backstopped by federal guarantees rather than a proprietary balance sheet. This conduit model allows LIDC to serve borrowers whom conventional banks decline without requiring the organization to raise or hold large pools of risk capital.

The direct loan portfolio concentrates on Long Island — Suffolk and Nassau counties — while LIDC's affiliate, the Greater New York Development Corporation, extends coverage into New York City's five boroughs and the Hudson Valley. State-targeted loan funds administered jointly with Empire State Development can reach additional upstate regions.

LIDC does not raise committed capital from institutional investors or charge management fees on a fund structure. It earns origination and servicing fees on SBA and state-program loans, recycles those revenues into community-development initiatives, and operates on a permanent-capital basis — there are no fund-life constraints or investor redemptions to manage.

The organization concentrates on SBA 504 loans for owner-occupied commercial real estate — including industrial, retail, and office properties — and equipment financing. SBA 7(a) loans extend the reach to working-capital and term-debt needs. LIDC also administers New York State-targeted loan funds in partnership with Empire State Development, which can include special-purpose facilities for manufacturing or green-energy upgrades.

LIDC itself is structured as a non-profit economic-development organization. It maintains close ties to the Long Island Community Foundation, where founder Roslyn Goldmacher serves as a board member, and has an affiliate relationship with LISBAC, a Local Initiatives Support Corporation entity, which channels additional community-development finance.