{"id":37801,"date":"2022-08-08T11:22:12","date_gmt":"2022-08-08T15:22:12","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=37801"},"modified":"2022-08-08T11:22:12","modified_gmt":"2022-08-08T15:22:12","slug":"sedc-very-pleased-with-judge-ruling-that-agency-is-a-privately-run-organization","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2022\/08\/sedc-very-pleased-with-judge-ruling-that-agency-is-a-privately-run-organization\/","title":{"rendered":"SEDC \u2018Very Pleased\u2019 With Judge Ruling That Agency Is A Privately Run Organization"},"content":{"rendered":"<p>By R.J. DeLuke<\/p>\n<p>A state Supreme Court judge ruled in late July that the Saratoga Economic Development Corp. (SEDC), the main agency in the county responsible for bring in new business and retaining jobs, is a privately run organization therefore not subject to financial oversight by the New York State Authorities Budget Office.<\/p>\n<p>The decision was handed down by Acting state Supreme Court judge Richard Koweek on July 27.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>For SEDC, it hopefully puts an end to a struggle that began in 2005 when state legislation was passed hoping to bring such agencies\u2014those that receive public funding\u2014under the state\u2019s purview for more disclosure of financial information and more scrutiny.<\/p>\n<p>The Authorities Budget Office overstepped its power in making that determination, the judge ruled.<\/p>\n<p>\u201cWe\u2019re very pleased\u201d said Dennis Brobston, SEDC president. \u201cWe knew from the beginning we had rights and we didn\u2019t want to be bullied. We were doing what we said we would, the right way.\u201d<\/p>\n<p>\u201cIt\u2019s been a long 17 years\u201d struggling with this issue,\u201d he said. \u201cIt\u2019s one less thing to worry about. Now lets go out and do the things we need to do\u201d to promote the county and grow the economy.<\/p>\n<p>The state entity had argued that services SEDC provided to the county and industrial development agencies extend beyond what is permitted under county law. SEDC works with the Saratoga County Board of Supervisors<span class=\"Apple-converted-space\">\u00a0 <\/span>and industrial development agencies on a yearly renewable pact for marketing services that help in its mission to grow jobs while promoting the county. But most of its budget comes from investors.<\/p>\n<p><b><span class=\"s1\"><span class=\"s2\"><!--more--><\/span><\/span><\/b>SEDC \u201cit is not dependent upon the sums received from these contracts with governmental entities for its existence,\u201d the judge\u2019s ruling said.<\/p>\n<p>Brobston said, \u201cwe have nothing to hide\u201d regarding the confidentiality of the information it garners from<span class=\"Apple-converted-space\">\u00a0 <\/span>companies looking to come to the area.<\/p>\n<p>Brobston and the economic group\u2019s directors have always pushed to remain private and free from state oversight and freedom of information laws to ensure companies are able to complete their due diligence and search for potential properties without tipping off their competitors.<\/p>\n<p>He said if a company wants to expand, for example, they don\u2019t want information in public that a competitor could take advantage of and cause problems or even nix the deal.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>\u201cIf too much information gets out there, it can affect a company\u2019s operations and the deal,\u201d Brobston said.<i> <\/i>\u201cCompanies need to have confidentiality.\u201d<\/p>\n<p>Brobston said that dealing with companies has a heightened sensitivity because<span class=\"Apple-converted-space\">\u00a0 <\/span>clients have concerns about inflation. Fuel prices are up, energy costs are up, equipment costs are up<span class=\"Apple-converted-space\">\u00a0 <\/span>and the cost of doing business has risen.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>\u201cYou have to get a company that can still compete\u201d amid those factors and they don\u2019t want the information on how they would do that released.<\/p>\n<p>\u201cThese clients don\u2019t want their information out about their plans and their investment strategies and finances,\u201d he said. \u201cThe judge was very specific\u201d that confidentiality can be retained.<\/p>\n<p>SEDC tries to find complimentary companies that fit with the industry in the area and are a good fit for the overall economy. \u201dWe want people (coming into Saratoga County) complimentary to the businesses here.\u201d<\/p>\n<p>He said SEDC is working with 65 different companies on prospective projects that would benefit the county and bring or expand jobs. Information on those cases cannot be released.<\/p>\n<p>Since Brobston has been at SEDC (14 years), he said the organization has had as many as 100 prospective projects in the works, and as few as 25.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By R.J. DeLuke A state Supreme Court judge ruled in late July that the Saratoga Economic Development Corp. (SEDC), the main agency in the county responsible for bring in new business and retaining jobs, is a privately run organization therefore not subject to financial oversight by the New York State Authorities Budget Office. The decision [&hellip;]<\/p>\n","protected":false},"author":89,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-37801","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>SEDC \u2018Very Pleased\u2019 With Judge Ruling That Agency Is A Privately Run Organization - Saratoga Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2022\/08\/sedc-very-pleased-with-judge-ruling-that-agency-is-a-privately-run-organization\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"SEDC \u2018Very Pleased\u2019 With Judge Ruling That Agency Is A Privately Run Organization - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"By R.J. DeLuke A state Supreme Court judge ruled in late July that the Saratoga Economic Development Corp. (SEDC), the main agency in the county responsible for bring in new business and retaining jobs, is a privately run organization therefore not subject to financial oversight by the New York State Authorities Budget Office. 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