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Category Archives: Economic Development

Mandi Marra Operates A Successful Property Preservation Company in Ballston Spa

Posted onMarch 16, 2021March 16, 2021
Mandi Marra operates M&K Preservation LLC in Ballston Spa.
Courtesy M&K Preservation LLC

By Andrea Harwood Palmer

Mandi Marra began her property preservation company out of Ballston Spa four years ago.

“It’s a complicated business. It’s an ever-evolving industry,” said Marra.

The company manages bank owned assets such as foreclosures. M&K Preservation acts as a third party to the bank that owns the foreclosed property, contracting with national mortgage field companies such as Mortgage Contracting Services LLC. They are the eyes and the ears for the company out in the field.

Marra began her career working in the back office of a friend who owned a similar company in a different region.

“I was really inspired by her and the work she did. She taught me how to navigate everything, and I decided to give it a shot for myself,” said Marra. Marra works within an hour radius of Ballston Spa, and works with different national mortgage field companies, to avoid any semblance of competition between the two businesses.

Over time, the company grew to include seven other employees and five company vehicles out on the road. Marra employs her own contractors full time. Each are supplied with a company work truck.

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MaltaWorks $20.21 Campaign Aims To Help Businesses Stay Open During Pandemic

Posted onMarch 16, 2021March 16, 2021

The Saratoga County Prosperity Partnership, a Saratoga County-based economic development organization, unveiled the MaltaWorks $20.21 Campaign, a promotion designed to help drive traffic to small businesses in Malta that have been fighting to stay open while battling the economic impacts of COVID-19.

The program is being done in partnership with the Saratoga County Chamber of Commerce and the Malta Economic Development Committee. The effort is assisted by a grant awarded to the Saratoga County Prosperity Partnership by the GlobalFoundries and the Town of Malta Foundation.

Customers participating in the MaltaWorks $20.21 program can enter to win weekly giveaways by simply spending at least $20.21 at a small business in the Town of Malta, then emailing a copy of their receipt to info@saratoga.org.

Each week, MaltaWorks $20.21 will randomly choose the winners of a $100 and $50 gift certificates. At the end of nine weeks, all participants will be entered into a drawing to win the grand prize of a $500 gift certificate at a business of their choice in the Town of Malta.

The program runs through May 2.

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New CEO Of Saratoga Prosperity Partnership Has Passion To Help Business Communities

Posted onMarch 5, 2020March 5, 2020
Shelby Schneider is the president/CEO of the Saratoga County Prosperity Partnership.

By Christine Graf
A shortage of new, young talent in the workforce is one of the issues the Saratoga Prosperity Partnership deals with, said Shelby Schneider, its new president and CEO.
The economic development organization was established in 2014 to enhance economic growth in Saratoga County.
Schneider, a mother of four who lives in Wilton, earned a degree in management and business administration from Skidmore College. She entered the economic development field in 2000 and spent thirteen years working at Saratoga Economic Development Corporation (SEDC). During her early years at SEDC, she served as the Empire Zone Coordinator. The Empire Zone tax incentive program allowed qualified businesses to take advantage of a variety of tax credits.
“I oversaw the New York state tax incentive program and administered it on behalf of county,” she said.

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Business Report: Consistent Leadership Key To Economic Success

Posted onMarch 5, 2020March 5, 2020
Kevin Hedley is the 2020 board chairman of the Saratoga County Chamber of Commerce.
Courtesy Saratoga County Chamber of Commerce

By Kevin Hedley
I first became involved in the Saratoga County Chamber of Commerce at the invitation or more accurately the insistence of Jessica Petraccione of First National Bank of Scotia. The Chamber had just formed its Twin Bridges Council and Jessica was the first person to lead it.
Forming the Twin Bridges Council was part of a larger effort to get more business owners with operations in Clifton Park, Halfmoon, and Mechanicville more involved in the Saratoga County Chamber.
Soon after getting involved in the Twin Bridges Council, I was approached about serving on the Saratoga County Chamber’s board of directors and a year or so later became the organization’s treasurer.
And here we are in 2020 and I’m the volunteer chair of the board of directors of the Saratoga County Chamber of Commerce.
One of the reasons the Saratoga County Chamber of Commerce is still thriving as it enters its 102nd year of operation is the fact that it has had tremendous volunteer and professional staff leadership.

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Housing Authorities To Get State Grant Funds

Posted onMarch 5, 2020March 5, 2020

The U.S. Department of Housing and Urban Development (HUD) has awarded more than $2.7 billion to public housing authorities in all 50 states, including those in Saratoga Springs, Mechanicville and Glens Falls.
The funding will allow agencies to make needed capital improvements to their properties. In New York, HUD awarded $653 million to housing authorities in the state.
Locally, the Saratoga Housing Authority received $764,749, the Mechanicville Housing Authority received $301,925 and the Glens Falls Housing Authority received $463,186.
The grants are provided through HUD’s Capital Fund Program, which offers annual funding to approximately 2,900 public housing authorities to build, repair, renovate, and/or modernize the public housing in their communities. Housing authorities use the funding to complete large-scale improvements such as replacing roofs or making energy-efficient upgrades to replace old plumbing and electrical systems.

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CEG Official: Area Counties Seeing Good Economic Growth Compared To Other Areas

Posted onMarch 6, 2019March 8, 2019
Andrew Kennedy, president and CEO of the Center for Economic Growth.
Courtesy CEG

By Greg Hitchcock
Saratoga County has taken its place as an economic powerhouse trending to continue growing into 2019, with nearby Warren and Washington counties benefiting from this 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.

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Saratoga County IDA Helps New And Existing Businesses Fund Important Projects

Posted onMarch 6, 2019March 8, 2019
GlobalFoundries in Malta is among the companies the Saratoga County Industrial Development Agency helped bring to the area via tax incentive packages.
©2019 Saratoga Photographer.com

By Christine Graf
The Saratoga County Industrial Development Agency, a public benefit corporation created to encourage the construction and expansion of industrial and commercial facilities, is a key cog in the economic development efforts in Saratoga County.
Since beginning operations in 1980, the IDA has approved financing arrangements for 119 projects.
“Those are the ones that have been approved and assisted financially. There have been a number that have not even been considered,” said IDA Administrator Michael Valentine. “There is an application process, a review process and certain standards that somebody coming in needing assistance has to go through.”

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County Airport Among Those Getting Grants For Development, Modernization Projects

Posted onMarch 6, 2019March 8, 2019
Saratoga County Airport was awarded $719,000 from the state for economic development and modernization projects. It will be used for a new snow removal equipment storage facility.
©2019 Saratoga Photographer.com

New York state is putting $23.6 million in infrastructure funding to support safety enhancements, modernization of facilities, operational improvements and local business development at 31 airports statewide.
These projects are funded through the state Aviation Capital Grant Program initiative and complement the Upstate Airport Economic Development and Revitalization Competition, which provided $200 million to modernize airports across Upstate.
“New York’s airports represent the front door to our local communities and are critical to facilitating tourism and business development,” Gov. Andrew Cuomo said. “A world-class airport is crucial to regional economic growth, and by investing in the modernization of our local airports we are creating vibrant communities where people want to live, work and play.”

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WJ Grande Industrial Park Continues To Be Economic Driver For The Saratoga Region

Posted onMarch 9, 2018March 9, 2018
Mike Munter, left, and John Munter, own land in the WJ Grande Industrial Park.
©2018 Saratoga Photographer.com

By Maureen Werther

The WJ Grande Industrial Park continues to be an economic driver in the region nearly 70 years after it was first developed by its namesake, William J. Grande.

In the early 1950s, Grande purchased approximately 550 acres on Cady Hill in Saratoga Springs, adjacent to the D&H Railroad. The lifelong developer and philanthropist envisioned Cady Hill Research and Industrial Park, as it was originally named, as a vehicle for creating sustainable employment locally, as well as creating a revenue base for the county.

Grande’s acquisition proved to be as beneficial for the region as he had envisioned, with a succession of businesses moving into the park over the course of several decades.

General Foods was the first company to locate in the park in 1959. They employed over 200 people for more than three decades. During the 1960s and 1970s, several small regional companies located in the park, and in the 1980s Guyson, American Tissue, Quad Graphics and Ball Corp. became tenants of the park. Ball, Quad and Guyson are still fully operational and have steadily employed more than 1,500 people since they located there.

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New Craft Brewery To Be Included In The Economic Development Project In Malta

Posted onMarch 9, 2018March 9, 2018

A new brewery is part of a development  at 7 Stonebreak Road in Malta this year.

The brewery will occupy part of the 25,000 square feet of new commercial space being developed with $2.5 million of private investment by area commercial developer MJ Properties of Clifton Park Inc., according to the Saratoga Economic Development Corp.

The initial tenant, Unified Beerworks, will occupy over 6,000 square feet of space, supporting seven full-time jobs in its first year, SEDC said. The project is expected to grow to support 15 full-time jobs by year three. The brewer expects to create seven full-time jobs in its first year and 15 by its third.

Officials said groundbreaking is scheduled for March, with construction expected to be completed in July. It will support 50 construction jobs.

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