News

Greetings from Olean Business Development! OBDC is proud to showcase our 2024 Annual Report, summarizing all of our activity within the...

Leaders in the Olean-area business community are preparing for growth in the startup economy. Some of that growth has already been a...

OLEAN TIMES HERALD — Officials hope a new revolving loan fund will help new businesses in and around the city get off the ground...

Greetings from Olean Business Development! OBDC is proud to showcase our 2023 Annual Report, summarizing all the activity within the past...

In early 2024, Olean Business Development, in partnership with Jamestown Community College - Workforce Development and the...

In December of 2023, the Laine Business Accelerator "graduated" 11 area businesses as part of the 2023 Laine Business Accelerator...

Olean Business Development is proud to publish our 2022 Annual Report. To view our activity within the past year, please click here:

In December of 2022, OBDC was awarded $625,000 from New York State (Empire State Development), while also designating OBDC as a Certified...

The 2022 Laine Business Accelerator Cohort, comprised of 9 area businesses, were celebrated at the Community Showcase in early December...

The second annual Laine Business Accelerator cohort has been selected and is underway, with 9 businesses participating this year thanks...

As a tribute to the legacy of Erick Laine, the OBDC Board of Directors unanimously approved the re-naming of the building at 301 N Union...

After the passing of one of the co-founders of Cutco Corporation, Mr. Erick Laine, in 2020, a memorial fund was established in his name...

Continued growth and demand for the newly renovated office spaces on the first 3 floors of the OBDC building drove yet another renovation...

As the collaboration between the SBU Innovation Center, JCC and OBDC continued to strengthen, the concept of a co-working space for...

The influence of a very active OBDC Board of Directors lead to a much higher level of collaboration between St. Bonaventure University,...

Part of the new business model was to renovate the building, which hadn’t been updated in decades. A key element of this was adding an...

Activity in the building was focused on providing office co-working, incubation space, and programming to support potential new business...

In 2015, 301 N Union Street was purchased by 2 entrepreneurs to establish a business incubation space.  The non-profit business formerly...

In 2013 we originally started out as a not-for-profit known as, “Family Partners Group Inc.” The mission was to benefit youth, families,...

Constructed in 1895, our building at 301 N Union St was originally the location of Riley & Wands, a local grocery wholesaler. From 1960 –...