# Long Island Development Corporation

Long Island Development Corporation is a Government / Public Body based in Hauppauge, United States.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Hauppauge, United States
- **Region:** North America
- **Address:** 175 Engineers Road, Suite 200, Hauppauge, NY 11788, United States
- **Founded:** 1980
- **Assets under management:** Undisclosed
- **Website:** www.lidc.org
- **LinkedIn:** https://www.linkedin.com/company/long-island-development-corporation

## Regulatory record

- **Reports private funds:** No

## About

Long Island Development Corporation is a government agency based in New York, US. It focuses on North America and has committed to one fund.

## Sectors

- Private Credit
- Real Estate
- Small Business & Entrepreneurship

## People

- Roslyn D. Goldmacher — Founder, former President & CEO
- Gina Hill Slater Parker — President & CEO

## Questions

### Who runs investment and credit decisions at LIDC?

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.

### What is LIDC's relationship with the U.S. Small Business Administration?

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.

### Does LIDC lend off its own balance sheet or act as a conduit?

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.

### What is the geographic scope of LIDC's lending?

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.

### How does LIDC differ from a private credit fund?

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.

### What asset classes or loan types does LIDC focus on?

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.

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Last updated: 2026-06-03T20:00:00.000Z

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