Saratoga.com logo
Saratoga.com logo
  • Places to Stay
  • Things To Do
  • Food & Drink
  • Events
  • Businesses
  • Travel Guides
Saratoga Business Journal
  • Home
  • New Businesses
  • Business News
  • Business Reports
  • Business Briefs
  • Business Registrations
  • Personnel Briefs
  • Contact Us
Home  »  Business News  »  SEDC: Business And Job Retention Are Critical In County’s Development Efforts
Business News

SEDC: Business And Job Retention Are Critical In County’s Development Efforts

Posted onOctober 8, 2014
sedc report vc.jpg
SEDC’s Dennis Brobston talks about the local economy at a September luncheon

The efforts of the Saratoga Economic Development
Corp. is focused on job retention and
maintaining the businesses that already exist
in the county, its president told a group of local
business people in September.

At a luncheon at Longfellows Hotel and
Conference Center, SEDC President Dennis
Brobston unveiled the results of an Economic
and Fiscal Impact Analysis the agency commissioned
to substantiate their efforts in Saratoga
County.

He addressed the audience at the luncheon,
noting the impressive impact of the SEDC over
the last 26 years, but also said the agency has
to “balance the work we accomplish. Retention
and attraction projects seem to come in cycles.
You read about the attraction [of new businesses]
in the paper most of the time. We need
to be concerned about our existing companies,
that we retain them in Saratoga County.”

Camoin Associates of Saratoga Springs
produced the study which lays out SEDC’s
accomplishments since 1978. It uses as case
studies seven companies — Quad Graphics,
GlobalFoundries, Ball Corp., State Farm,
Ace Hardware, Target and Sepsa/Albatross
— which it says account for 11 percent of
the county’s work force in direct (5,546) and
indirect (4,143) jobs.

“The case studies in the report are tools we
will use to show our potential clients that we
can deliver what we say we do. But that is only
part of the reason” for the study, Brobston said.
SEDC commissioned it to “quantify the value
of our economic development work in Saratoga
County,” he said. SEDC has helped more than
200 companies but “didn’t really have a grasp
on their fiscal impact other than to say that
we help create over 17,000 jobs and over $10
billion of investment. We need to understand
what the impacts would be if we were to lose
these companies. What would be the loss of
revenue and to whom?”

He said the seven companies in the report
are just a few, many companies assisted and an even smaller percentage of the over 18,000
businesses in Saratoga County.

“But their impact is impressive. And they are
here because SEDC was the driver for them
to locate here. Yes, they had to have the right
land to build on, yes they had to find the right
employees to hire and yes they had to make
sure that the infrastructure was around their
site and if not get it to the site. SEDC was able
to be the conduit, the ombudsman to solve
those issues.”

Brobston said more jobs in Saratoga County
means more employment opportunities for
residents, and shorter commute times. “This
translates into better quality of life. Less traffic
on the Northway to Albany. Greener, too. It also means more property tax revenue, more sales
tax revenue when companies grow and hire
more people in Saratoga County.”

“Make no mistake about it, Saratoga County
will continue to grow. We will build more houses
and those houses and the people living in them
will need services. Those people will need jobs.
Good jobs.”

The seven companies and their employees
generate 5 percent of the revenue that goes
into the Saratoga County budget through sales
tax, he said. “Just seven companies employing
over 5,500 people and helping other companies
to employ another 4,200 indirect jobs have
impressive economic impact.”

Brobston said the county population estimate
for 2013 is approximately 223,865, an
increase of 4,258 from 2010.

“How many people moved here because of
GlobalFoundries? More people are moving here
because we have good schools, good quality of
life, low taxes, employment potential, and good
companies.”

“It is very hard to replace 9,700 jobs, very
hard to replace $480 million of payroll, very
hard to replace $17 million of property tax
revenue. Ask Corinth what it’s like to lose 1,600
jobs in International Paper. Look how long it’s
taken for Mechanicville to see growth in their
rail yard? Over 35 years,” he said.

The SEDC president said economic development
officials need to understand the concerns
and problems of existing business and be able
to help them remain, grow and invest in the
local community.

“This study shows how well we have done,
and also gives us benchmarks for our future. As
SEDC continues to grow business in Saratoga
County we will look to support our existing
businesses, market to attract new good paying
companies, help our communities build
capacity for future companies to locate here.”

Brobston said SEDC expects to begin to
analyze the area’s natural gas infrastructure
to help business growth.

The full study can be found on the SEDC
website, www.saratogaedc.com.

Photo Courtesy SEDC

Previous Article Chamber of Southern Saratoga County Garners State’s ‘Chamber Of Year’ Award
Next Article Personnel Briefs
Subscribe to Our Newsletter View the Latest Virtual Edition

Categories

  • 50-Plus
  • Banking
  • Banking / Asset Managment
  • Building Trades
  • Business Briefs
  • Business News
  • Business Registrations
  • Business Reports
  • Commercial / Residential Real Estate
  • Community Services
  • Construction
  • Construction Planning
  • Corporate Tax / Business Planning
  • Cyber / Tech
  • Dining Guide
  • Economic Development
  • Economic Outlook 2016
  • Economic Outlook 2017
  • Economic Outlook 2018
  • Economic Outlook 2019
  • Economic Outlook 2020
  • Economic Outlook 2022
  • Economic Outlook 2023
  • Economic Outlook 2024
  • Economic Outlook 2025
  • Education/ Training/ Personal Development
  • Entrepreneurial Women
  • Entrepreneurship
  • Environment / Development
  • Financial Planning / Investments
  • Fitness / Nutrition
  • Health / Community Services
  • Health & Fitness
  • Health & Wellness
  • Healthcare
  • Holiday Guide
  • Holiday Shopping
  • Home / Energy
  • Home / Insurance
  • Home & Real Esate
  • Insurance / Employee Benefits
  • Insurance / Medical Services
  • Leadership Development
  • Legal / Accounting
  • Meet The Chef
  • New Businesses
  • Non-Profit
  • Office / Computer / New Media
  • Office / HR / Employment
  • Office/ Technology/ E-Commerce
  • Outlook 2021
  • Personnel Briefs
  • Retirement Planning
  • Senior Living / Retirement
  • Summer Construction
  • Uncategorized
  • Wellness
  • Women In Business
  • Workplace / Security / Legal
  • Year-End Tax Planning

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
Connect With Us

Follow, like and subscribe to Saratoga.com on social media

Account Sign In Submit An Event
Saratoga.com logo
  • Home
  • Places To Stay
  • Things To Do
  • Food & Drink
  • Events
  • Real Estate
  • Businesses
  • Guides
  • Contact Us
  • Blogs
  • Sweepstakes
  • Advertising
Visit Saratoga.com For Everything Saratoga
Full-Service Internet Marketing: Search Engine Optimization, Website Design and Development by Mannix Marketing, Inc.
Mannix Marketing, Inc. is headquartered near Saratoga Springs in Glens Falls, New York
Saratoga.com All Rights Reserved © 2025
Disclaimer & Privacy Policy / Terms of Use / Copyright Policies
[uc-privacysettings]

We strive to insure accuracy on Saratoga.com however accuracy cannot be guaranteed. Information is subject to change.
Please alert us if there is any inaccurate information here.

Having trouble using this site? Accessibility is our goal, please contact us with site improvements.