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Bi-Weekly Development News for Warren County and the Region
Ed Bartholomew, President  |  Arleen Girard, Chair

NOVEMBER 2, 2018

INSIDE EDC
Small Business Seminar on Finance & Growth

EDC Warren County is pleased to be partnering with TD Bank and the Adirondack Regional Chambers of Commerce to sponsor a morning seminar on November 15 in Queensbury designed specifically for small businesses. 

A group of eight experts will cover financing options for startups, credit repair, ways to grow a small business as well as MWBE certification, market identification, and hiring practices. We encourage small business owners to attend and make valuable connections.

REGISTER today!

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Save December 6 for EDC Holiday Mixer

EDC's popular Holiday Mixer will be held this year on Thursday, December 6, 4:30-6:30 at the Park Theater. Sponsorships are available. Further details will be announced next week. Save the date and see you there! 


WARREN COUNTY HAPPENINGS
Packaging Accolades for JUST Water

JUST Water received the Best Packaging Solution award at the 2018 Global Bottled Water Congress thanks to its unique Tetra TopĀ® carton bottle. 

Etain to Build Facility in Tech Meadows

As reported in the Post Star, " Etain officials hope to get started as soon as possible on their project to build a manufacturing facility at Tech Meadows park to expand its medical marijuana operations, after city economic development boards on Thursday voted to sell them the lot and agreed to a package of tax breaks.  The Chester-based company is purchasing Lot 4 for $210,000 and planning to build a 16,000-square-foot facility on the site."

Read More in the Post Star
Affordable Housing Project In Works for Glens Falls

As reported in this week's Albany Business Review, " Regan Development of Westchester County is under contract to purchase 4.1 acres on Broad Street in Glens Falls, New York, where it plans to construct 72 apartments.  The family-run real estate management firm wants to build a 4-story, $15 million workforce development complex with rents that will attract nurses, aides and families with incomes of less than $65,000 a year."

EDC is very pleased with the progress of this project, as attracting developers who would construct affordable housing was a goal of the $10 million Downtown Revitalization Initiative that Glens Falls received from New York State. 

Read More in the Albany Business Review

ECONOMIC DEVELOPMENT & REGIONAL NEWS
Fed Proposes Fewer Regulations for Smaller Banks

The Federal Reserve said this week that it wants to ease regulations for U.S. lenders with less than $700 billion in assets, lowering the burden on big commercial lenders that do not have volatile Wall Street businesses.

The proposal stems from a law passed by Congress earlier this year that ordered the Fed to reduce regulatory burdens on community and regional lenders.  Smaller banks would have even less restrictive requirements.

Read More from Reuters
Warren County and City of Glens Falls Sales Tax Collections Increase in First Half of 2018

Local sales tax collections rose for both Warren County and the City of Glens Falls during the first six months of 2018 as compared with the similar period in 2017. In Warren County, collections were up 4.97%, while in the City of Glens Falls, they rose 9.33%. Here is the full report with additional details. 

"Top States for Doing Business" Results

Area Development released its annual Top States for Doing Business survey results. New York finished tied for 18th.

Read More from Area Development
States Offering Incentives to Attract Workforce

Here is more evidence that available workforce is a critical issue for many states: some areas with declining population are providing incentives to young workers who will relocate with certain conditions. The state of Maine recently adopted a new program with this in mind. W hen young people move to Maine, the money spent toward paying student loan debt each year is subtracted from the individual's state income taxes.

  Read More from CNN

REMINDER
Time to "Fall Back" an Hour This Weekend

Remember to adjust your clocks back one hour when you go to bed this Saturday night or Sunday morning. The official time change occurs at 2 a.m. Sunday.  

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UPCOMING EVENTS

Prepared by Warren County Tourism Department


CONTACT EDC 
For member information on how to join EDC, contact:
Ed Bartholomew, ebartholomew@edcwc.org

To share your news, submit to info@edcwc.org

STAY CONNECTED:
EDC Warren County  |  www.edcwc.org  |  518-761-6007