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

  • COURTS Mary B. Murphy, 49, of Ballston Spa, was sentenced on May 17 to five years of probation after pleading to falsifying business records, a felony, in connection with an incident that occurred in Corinth.  Paul E. Vidnansky, 32, of Greenfield, was charged on May 17 with felony assault and strangulation in the second- degree, also a felony, in connection with a domestic incident that allegedly occurred at the Saratoga Hospital and Nursing Home. Vidnasky is suspected of punching and strangling a woman and causing her to lose consciousness, according to the Saratoga County Sheriff’s Office. He was sent to…

Property Transactions

  • BALLSTON SPA 16 Middleline Rd., $540,000. Eric and Mary Hoover sold property to Stephane Renou and Helene Morel.  13 Gartner Dr., $164,000. Terri Maxson  sold property to Andrei Squires.  11 Carriage Run, $831,503. Old Westwind Farm LLC, sold property to Matthew and Alesia Carras.  CHARLTON 31 Redwood Dr., $649,900. Nicholas and Sandra Verola sold property to Michael and Mary Grygiel.  46 Old Stage Rd., $480,000. Kariann Morris and Robert May, Jr. sold property to Stephen and Sarah Little.  600 Charlton Rd., $50,000. Lisa Zambito sold property to Jeffrey Delano. 1 Edwin Dr., $225,000.. Robert and Cheryl Wold sold property to…
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