Who We Are
The Seaway Private Equity Corporation (SPEC) makes early stage
equity investments in companies that demonstrate significant growth
potential who choose St. Lawrence County, New York (USA) for their
principal business location. Through such early stage investment,
SPEC intends to help bring employment and economic opportunities
to the North Country.
SPEC focuses its investments on the commercialization of new
products and services in the areas of renewable energy and environmental
technologies. By investing in the power of our future, our hope
is to bring quality jobs to the North Country and spur critical
developments to improve the global environment.
To determine which projects qualify for SPEC investment, please
visit our Investment Process page.
Business Development Firms
We realize that developing or commercializing new technologies
can be a daunting task. To better position early stage companies
for success, SPEC contracts with Qualified Business Development
As your partner, a SPEC Qualified Business Development Firm
owns a minority interest in your company and works with you to
define your company’s business strategy and exercises oversight
and/or control of certain business operations.
Board & Operations
SPEC is a private, not-for-profit corporation operating in St.
Lawrence County to oversee the disbursement of up to $10-million
made available through the New York Power Authority. The purpose
of SPEC is to create quality job opportunities by attracting the
development of new technology companies - especially those focused
on renewable energy and environmental technologies.
The membership on SPEC's Board of Directors includes:
||Dr. Anthony Collins
||President, Clarkson University
||Mr. Ronald McDougall
||President, AFL-CIO Central Trades Council
||Mr. Richard Maginn
||Owner, Heritage Homes Inc.
||Mr. Thomas A. Plastino
Deputy CEO/CFO, St. Lawrence County IDA, LDC
||Mr. John B. Johnson
||Chairman/CEO, Johnson Newspaper Corp.
||Mr. Eugene L. Nicandri
||Retired St. Lawrence County Judge, Trustee NYPA
||Ms. Daphne Pickert
||Executive Director and CEO of St. Lawrence County ARC
||Mr. David Swanson
President/CEO, North Country Savings Bank
||Mr. Russell Strait
President, Harrison A. Rogers Agency
The operations of SPEC are coordinated by CITEC
News & Current Investments
March ‘06 press release
AGREEMENT INKED FOR
$10 MILLION IN FUNDING BY N.Y. POWER AUTHORITY FOR GROWING HIGH-TECH
JOBS IN ST. LAWRENCE COUNTY (75k pdf)
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