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        <Identifier>DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:</Identifier>
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        <Explanation>THE CORPORATION IS A PUBLIC BENEFIT CORPORATION OF THE STATE OF NEW YORK AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 115 OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE ON THE ACCOMPANYING FINANCIAL STATEMENTS.</Explanation>
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        <AddressUS>
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          <City>ROCHESTER</City>
          <State>NY</State>
          <ZIPCode>14607</ZIPCode>
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        <PurposeOfGrant>SMALL BUSINESS ASSISTANCE</PurposeOfGrant>
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        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 7A</ReturnReference>
        <Explanation>ROCHESTER ECONOMIC DEVELOPMENT CORP HAS 25 MEMBERS, OF WHICH 18 ARE DIRECTORS. MEMBERS ELECT THE DIRECTORS (OTHER THAN EX-OFFICIO) TO THEIR POSITIONS AS DIRECTORS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>THE GOVERNING BODY RECEIVES A COPY OF THE 990 FOR REVIEW BEFORE FILING.</Explanation>
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      <GeneralExplanation>
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        <Explanation>GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.</Explanation>
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      <GeneralExplanation>
        <ReturnReference>PART XII, LINE 2C</ReturnReference>
        <Explanation>THE BOARD ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT, OF WHICH, THE OVERSIGHT PROCESS AND THE SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.</Explanation>
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