Month: March 2019

By Susan E. Campbell
Washington County is on a trajectory for continued low unemployment and healthy economic growth in 2019. The Washington County Local Development Corp. will cross the $18 million mark in loans since the public entity began in 1985, officials said.
“Things are going well for us,” said Deanna Derway, WCLDC president and executive director. Since 2015, we’ve approved over $750,000 in loan funding each year and we continue to see an increase in loan applications presented to us annually.”

By R.J. DeLuke
EDC Warren County is the key driver of economic development efforts in the Glens Falls area and as such, its staff is always busy.
Toward the top of the tasks this time of year is giving businesses and municipalities in the county assistance with application process for the annual Capital Region Economic Development Council grant awards. The state doles out millions statewide through its Consolidated Funding by New York State program. The funding helps many economic development projects in the area—for businesses and municipalities. The applications are competitive, so interested parties must submit compelling information. In the first eight rounds of the state money competition, New York has given out $6.1 billion to 10 regions. The Capital Region, that includes Warren and Washington counties, has received $588.9 million for 813 projects over the past eight years. Last year, the counties raked in about $9.8 million.

By Greg Hitchcock
Warren and Washington counties are benefiting from the economic growth in the region spearheaded by Saratoga County. The growth is continuing in 2019, according to the Center for Economic Growth.
According to data from the Bureau of Economic Analysis, U.S. Department of Commerce, 17 counties in New York state had employment gains from June 2017 to June 2018 with Saratoga County having the largest gain up 2.7 percent.
“All three counties have grown their private sector over the last five years with GlobalFoundries kicking off this growth,” said Andrew Kennedy, president and chief executive officer of the Center for Economic Growth, an economic and business development agency serving as a primary point of contact for businesses interested in growing in or moving to the Capital Region.