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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

  • POLICE Michele Chabot, age 54, of Scotia, was charged with grand larceny, and Anna E. Riley, age 24, of Schenectady, with petit larceny on Feb. 14, following an investigation in the town of Ballston. It is alleged Chabot and Riley while working as home health aides for an elderly disabled woman in the town of Ballston, stole numerous pieces of jewelry from the residence. Johnathon R. Arnold, 37, of Wilton, was charged Feb. 13 with falsely reporting an incident, and making a punishable false written statement, following an investigation into a residential burglary complaint. It is alleged Arnold filed a…

Property Transactions

  • TOWN OF BALLSTON  220 Church Ave., $1,200,000. SOS 1031 Properties 110 LLC sold property to East High Holdings LLC.  29 Woodside Dr., $250,000. Red Sea Development Inc. sold property to Claire and James Walton III.    CHARLTON 12 Old State Rd., $325,000. Clifford  Baum sold property to Tracey and Thomas Lyons. 2 Marvin Dr., $185,000. Diane Karbowski (by Exec) sold property to Michael Karbowski.    CLIFTON PARK 63 Westbury Court, $220,000. Geoffrey Macintosh sold property to Carol Geddis. 7 Kimberly Court, $183,900. Danielle Andrrew Properties LLC sold property to Harlene Smalkin.  66 Carriage Rd., $277,000. John Waldron sold property to…
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