Formerly known as the Urban Development Corporation, Empire State Development Corporation is an economic development financing entity in New York. In 1995, Empire State Development Corporation and the Job Development Authority were consolidated and reorganized as Empire State Development. The parent organization of both these agencies functions as a streamlined economic development organization that provides business growth and job creation across New York State. It offers a wide array of services for businesses, including loans and grants, tax credits, and other financing and technical assistance. The firm provides knowledgeable and professional level of assistance and service to businesses through its three divisions; Small Business, International Business, and Minority and Women-Owned Business Enterprise.