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Thursday, 18 May 2017 23:34

Saratoga County Index Released

MALTA — Saratoga County is outpacing the Capital Region – and in some cases, New York state and the nation – in several key economic indicators that portray a strong economy well positioned for growth, according to a first-ever index released earlier this month by the Saratoga County Prosperity Partnership.

The Saratoga County Economic Index includes key indicators such as unemployment levels, labor force participation, household income, and the strength of the housing sector.

The vibrancy of the county’s economy is illustrated by a host of data contained in the index, including: an unemployment rate at its lowest level since 2007, the lowest in the Capital Region and lower than New York state; participation in the labor force, at 68 percent, outpaces the Capital Region, the state, and the nation; median household income, at $71,496 annually, outpaces both the Capital Region and the state by just over 20 percent, and nationally by 33 percent; overall, housing permits have trended up since 2006; total value of multi-family housing permits has risen 30 percent since 2005, more than twice that of the Capital Region; and total value of single-family housing permits has begun trending upward over the past year, reversing a 21 percent decline since 2005, which was less severe than the drop of 35 percent in the Capital Region. 

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Blotter

  • COURT Paul J. Sims, 26, of Stillwater, was sentenced Nov. 29 to 16 months-to-4 years, and 1.5-to-5 years in state prison, after pleading, respectively, to felony DWI in connection with an incident in Malta, and criminal mischief in Saratoga Springs.  Nicholas L. Moon, 28, of South Glens Falls, pleaded Nov. 30 to felony DWI, in connection with an incident in Saratoga Springs. Sentencing  scheduled Feb. 1, 2018. Jared M. Tenace, 27, of Schenectady, was sentenced Dec. 1 to 1.5 to 3 years in state prison, after pleading to criminal possession of stolen property, a felony.   POLICE  Brian F. Egan,…

Property Transactions

  • BALLSTON SPA 1443 Route 50, $600,000. New York Development Group Kensington LLC sold property to Kensington Court Apartments LLC. 70 Lake Rd., $498,000. Bretton and Erica Adams sold property to Wei Huang. TOWN OF BALLSTON  6 Van Vorst Dr., $209,000. Mary Nixon sold property to Charles Fernandez and Kim Vo.  3 Kaleen Dr., $360,000. David and Danielle Donnelly sold property to Andrea Stankovic.  936 State Route 67, $221,500. Jason Serra sold property to Jason and Stephanie Savaria.  CHARLTON 1403 Cosgrove Dr., $481,452. Bordeau Builders Inc. sold property to Daniel and Vikki Mazzone. CLIFTON PARK 92 Balsam Way, $460,190. Heritage Builders…
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