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Saratoga County Chamber of Commerce Releases Insights for November 2022

A graph showing the employment figures in Saratoga County from January-October 2019 to 2022 (Via Saratoga County Chamber of Commerce).

SARATOGA COUNTY — The Saratoga County Chamber of Commerce has released insights from January to November of 2022, saying the county collected “a record amount of sales taxes when compared to the last three years.” The report also states that unemployment rates in the county “remains consistently lower than ever before” even with limited local workforce reductions.

Saratoga County collected $144.6 million in sales taxes from January to November, the report states. This is a 5.3% increase from the same period in 2021, and a 23.5% increase from 2019. Tax collections in the City of Saratoga Springs also increased to $15.2 million, up 16.3% from the previous year ($13.1 million).

In comparison to other local counties, Saratoga County’s sales tax collections increased at a higher rate than Schenectady County (4.2%), but at a lower rate than Albany and Warren Counties (11.2% and 8.3%, respectively).

The unemployment rate in Saratoga County in November 2022 was 2.1%, the report says, with 2,600 people considered to be unemployed. There were 120,900 people employed in the county in November, which the report states is the highest number of people employed in the county in the month. The report also states that the labor shortage is expected to continue into 2023, saying “there are still so many local jobs unfulfilled,” despite limited workforce reductions.

In terms of lodging, the report states that the county’s revenue per available room was $103.70, a 25% increase from the same period in 2021 and an 11.7% increase from 2019. Total occupancy for local hotels increased nearly 13% from 2021, says the report, and were 2% lower than in 2019.

The Greater Capital Association of Realtors reported that Saratoga County saw 2,776 closed real estate sales from January through November 2022. The report says this figure is “nearly identical” to numbers from 2019 and 2020, but is a 10% decrease from 2021 figures. 

The overall number of new listings has also decreased, “and as a result,” the county’s median sales price was $388,000, a 10% increase. Through the first eleven months of 2022, the report states that the amount of days a home is on the market continues to decline, and the percent of the original list price received is over 102%.

Mission Accomplished: Family Visits Every Stewart’s (358!) in 2022

CAIRO — Stewart’s Shops, one of the area’s most beloved businesses, has spread its operations throughout New York State and Vermont. And one family has seen them all.

Kristin and Augie Freemann, along with their son Kody, spent 2022 traveling across the state to visit every available Stewart’s location. 

Augie Freemann said the idea came about after hearing of a couple who visited every Cracker Barrel location in the United States.

“I said to my wife, ‘Oh, that’s something we would do.’ And she said, ‘Yeah, we could go to every Stewart’s’,” said Freemann. “We looked into it, and it seemed feasible, so here we are.”

To up the challenge for themselves, the Freemanns decided they would visit every Stewart’s location within a calendar year. Residents of Cairo, the family began on Jan. 1, 2022, visiting nearby locations in Cairo and Greenville. 

They also received some assistance from Stewart’s themselves. Kristin Freemann said the company shared a spreadsheet with the family, containing information about all of their locations. 

“We’d pick a weekend and say, ‘Where do we want to go?’” said Kristin Freemann. “We would map out and also kind of decide how many we wanted to do in a given day.”

Stewart’s currently has 358 locations, the Freemanns said. While the Cairo and Greenville locations are relatively close to the family, some stores took quite a bit of driving. 

“Some we had to be a little more strategic with, like any that were out in St. Lawrence County, out in Potsdam, Malone, and the ones that were up by Plattsburgh,” said Kristin Freemann. “Those we actually did as a weekend trip.”

The family said it was “really nice” to be able to see parts of the state they typically would not have traveled to.

“Up by Plattsburgh and Lake Champlain is beautiful, and we hadn’t really ever spent a lot of time up there,” said Kristin Freemann. “Same with the St. Lawrence area, Thousand Islands, out that way was beautiful. So, it was really nice.”

They also reconnected with old friends along the way, with Freemann saying she met up with a friend who currently lives in Potsdam while the family was in the area. 

“It actually became fun,” Freemann said. “I know people think we’re crazy. It was kind of a silly, crazy thing to do. …We didn’t have any reason to do this other than it was a silly, fun thing to do as a family.”

As part of the challenge, the family had to purchase a product at each location. 

“All three of us had to physically go into every single store, and we had to purchase something at every store,” said Kristin Freemann. “Fuel did not count. We obviously had to buy gas or whatever, but we would buy a product of some kind, at least one, at every store. … (Kody) got to pick a lot of the snacks, that was the fun part.”

Kody said his favorite snack from the experience was the gummies. The family said a majority of the stores had mostly similar offerings but did note some variety throughout the state.

“Especially when it came to their hot foods,” said Kristin Freemann. “Some would have a specific kind of breakfast sandwich, or a specific kind of chicken sandwich. There were times where we would find things that we hadn’t seen in other stores.”

The family also said one constant was the staff, who Kristin Freemann said were “so nice” at every location.

“All of the employees at every single store, across the board, were really friendly. That’s something that’s hard to say about a chain,” Freemann said. “Every single store we went into, everyone was really nice.”

The Freemanns finished their quest on the final day of the year, hitting eight stores on New Year’s Eve. Kristin Freemann said they saved six locations in Ballston Spa and two in Mechanicville for the final day of the journey.

“We strategically planned that as well,” said Kristin Freemann. “Because Saratoga County had the most, but they’re also very close together, we knew that if we left Saratoga County kind of to the end, that we would be able to make it work.”

The family’s final Stewart’s was on Church Avenue in Ballston Spa, where the original Stewart’s location first opened. 

“Kody was concerned though, when we went into our last store, he said, ‘So does this mean we can’t go to Stewart’s anymore?’,” said Kristin Freemann. “I said, ‘Nope, we just don’t have to drive really far to go to Stewart’s now.”

Ultimately, what began as the Freemann’s quest to visit every location of a beloved local chain turned into nearly a full year of quality time and fun as a family. 

“It was really nice that we could just do something that was silly and fun, for no other reason than just to spend time with each other,” said Kristin Freemann. “We were able to spend quality time together, do something fun, and see parts of the state that we never get to see.

“Even those weekend trips we did where we were away, we did other things than go to Stewart’s. We would make a point to go on a hike somewhere. When we were in the Thousand Islands, we went and visited Boldt Castle. … It was really nice spending quality family time together just for fun. There was no reason for us to do this other than that.”

It’s Ski and Snowboard Season! What Could Possibly Go Wrong?

“Assumption of risk typically will not apply to concealed or unreasonably increased risks, or unique and dangerous conditions over and above the usual dangers that are inherent in the sport…”

The end of the holiday season and the official start of winter (recent warm spell aside) seems like a good time to talk skiing and snowboarding – one of the things that I enjoy most about winter in the Northeast.

Our son was in a pretty serious skiing accident last winter, when the edge of his ski clipped some ice, and he was launched off the trail and into the woods where he hit a tree. Thankfully his leg took the impact and while he had to have multiple surgeries and faced a long recovery, we know (and try not to think too much about) how it could have been a lot worse.  (Note for parents: if you didn’t know this already, kids heal much more quickly than adults.  On our son’s first day back this year he was bombing down the mountain).

As any good son of lawyers, he soon jokingly asked whether he could “sue God for the ice.”  Well, aside from shaking his fist, he’s out of luck.

But, sometimes, someone can be held liable for a skiing accident.  So, today we’re talking about when that might happen.

Assumption of risk is a legal doctrine that can apply to relieve defendants of liability for injuries sustained by an individual in the ordinary course of participating in various sporting or recreational activities like, here, skiing or snowboarding. 

Under New York’s Safety in Skiing Code (General Obligations Law art 18), the Legislature has determined that downhill skiing contains inherent risks that may result in personal injury, and in light of such recognition, both skiers and ski area operators have certain defined duties.

Some of the inherent risks in skiing identified under the law include the risks of injury, death or property damaged which may be caused by variations in terrain or weather conditions; surface or subsurface snow, ice, bare spots or areas of thin cover, moguls, ruts, bumps; other persons using the facilities; and rocks, forest growth, debris, branches, trees, roots, stumps or other natural objects or man-made objects incidental to the ski facility.  Anyone who skies with any frequency in the Northeast is very familiar with these types of conditions.

Assumption of risk typically will not apply to concealed or unreasonably increased risks, or unique and dangerous conditions over and above the usual dangers that are inherent in the sport.  But remember that it does generally apply to risks caused by less-than-optimal conditions, provided that those conditions are open and obvious and that the consequently arising risks are easily identifiable (i.e. that log or rock that is not yet fully covered).   

The Third Department (the NY appellate court that covers the area where we practice) recently had occasion to discuss liability for skiing related injuries in a December 2021 case involving a first-time skier’s fall during a lesson.  

Essentially the Court held to the rule that a ski area operator is relieved from liability for risks inherent in the sport of downhill skiing where the participant is aware of, appreciates and voluntarily assumes those risks.  The issue of whether the participant is aware of and appreciates a particular risk is considered in light of their skill and experience.

In that case the court found that the assumption of risk doctrine did not apply to relieve the ski mountain of liability (at least at a pre-trial phase) because the skier was a novice, testified that she expressed apprehension to her instructor that she was able to move from the bunny hill to a regular trail, was on a trail that the instructor acknowledged included a risk to skiers of going into the trees, and the skier did not know how to adequately stop or slow down (the instructor admitted that when the skier went out of control, the experienced instructor was not able to catch up to her).

Some other examples of when a ski mountain or other defendant might be liable for injuries to a skier notwithstanding assumption of risk include: when the ski lift operator fails to stop the lift when someone has fallen or is tangled; when another skier’s reckless conduct causes the accident [meaning that the reckless skier him/herself would be liable]; or a case we recently handled in which the bar of a poorly maintained lift chair fell on our client’s face causing severe injuries. 

And some examples when a ski mountain or other defendant were found not to be liable: experienced skier’s fall on rail slide in terrain park; snowboarder standing in the middle of the trail struck by another skier (my snowboarding friends know all about this risk).

If you have been injured skiing, or engaging in another recreational activity, and think it was because of risks that went beyond what is normally expected, give us a call.  We are happy to see if we can help.

Rotary Club of Saratoga Springs Selects SRYMCA’s Capital Project for their Major Gift Program

Rotary Club of Saratoga Springs’ President Stephen Kyne (left) and Major Gift Committee Chair Susan Rhoades (right), present their major gift to SRYMCA Chief Executive Officer Scott Clark (middle) at their Capital Project construction site. Photo provided. 

SARATOGA SPRINGS — The Rotary Club of Saratoga Springs has awarded the Saratoga Regional YMCA a $20,000 gift to support their Capital Project, in partnership with the Saratoga Senior Center. 

The Saratoga Springs Rotary Club consists of local community leaders and business owners who share a common goal to uphold their values of fellowship and service. To continue that mission, the Rotary Club offers a Major Gift Program yearly to support local community-based organizations. After reviewing a total of 7 worthy applications, the Saratoga Regional YMCA was selected for the Rotary Club’s 2022 $20,000 major gift award. 

This major gift will benefit the Saratoga Regional Y’s Capital Campaign with the Saratoga Senior Center. The Senior Center will be relocated from their Williams Street location onto the Y’s West Avenue Campus and provide the county’s ever-growing senior population a larger space and a greater number of services. 

This project will also expand the Y’s programs and services, with additions such as a new gymnasium, health and wellness offices and an indoor Adventure Center for more children’s play space. Their joint $8.8 million-dollar project broke ground in June of this year and is expected to be completed in the Spring of 2023. 

The Rotary Club’s Major Gift was presented by Club President Stephen Kyne and the Club’s Major Gift Committee Chair, Susan Rhoades. 

“The club and its members are proud to support the Y, and its ever-growing role in the Saratoga Springs community,” said Kyne. 

Chief Executive Officer of the Saratoga Regional YMCA, Scott Clark, accepted the Rotary Club’s gift on the construction grounds of the Y’s Capital Project at their West Ave. location. 

“We are incredibly thankful and appreciative of the Rotary Club’s support of our capital project with the Senior Center and look forward to using their gift so we may have a greater impact on the communities both young and old we serve at the Y,” said Clark.

Saratoga County Senior Nutrition Program to Benefit in Hannaford Fight Hunger Bag Program in January

BALLSTON SPA —This January, when you buy a Fight Hunger Bag at the Ballston Spa Hannaford on Rossi Way, you’ll be contributing to the Saratoga County Senior Nutrition Program.

The Saratoga County Department of Aging and Youth Services has been selected once again by local Hannaford store leadership as the benefiting organization in the Fight Hunger Bag Program for the month of January. Donations made through this program will directly benefit the Saratoga County Senior Nutrition Program, which provides healthy meals to participating seniors throughout Saratoga County.

The Senior Nutrition Program helps Saratoga County seniors remain independent while providing those individuals with daily nutritious meals. The home delivered meal program serves those who are primarily homebound and in need of nutritional support. The Gather and Dine program offers dining at eight meal sites throughout the county, giving seniors the opportunity to socialize with others in their community.

For every $2.50 reusable Fight Hunger Bag purchased, Hannaford sends a $1 donation to an organization local to the Hannaford in which it was purchased. During the month of January, the Saratoga County Senior Nutrition Program has been chosen to receive $1 for every Fight Hunger Bag purchased at the Hannaford on Rossi Way in Ballston Spa.

Moby Rick’s Mechanicville Location Launching ‘Soft Opening’ Today

The exterior of the new Moby Rick’s location in Mechanicville. Photo provided by Rick Lofstad.

MECHANICVILLE — The newest restaurant in Mechanicville opens its doors today, with Moby Rick’s Seafood, a restaurant and fish market, kicking off a “soft opening” today and tomorrow, Jan. 6 and 7.

Owner Rick Lofstad said the location is “huge,” noting that it has a catering hall with a capacity of 100 people among other amenities.

“It’s huge,” said Lofstad. “That’s a 3,500-square-foot full restaurant.”

Located at 251 North Main Street in Mechanicville, it is the second current Moby Rick’s location, with another on Congress Street in Saratoga Springs. Lofstad also owns Pura Vida Fisheries, where he sells fish at “25 farmer’s markets a week.”

Lofstad said he will be able to make prepared foods at the Mechanicville location and bring some to Saratoga to be sold.

“We have been making soups, sauces, sides. Crab cakes, fish cakes, meals ready to go,” said Lofstad. “For example, we’re making a smoked salmon quiche, where people can take a slice home or take a full pie home. We’ll make baked dinners, where it’s like a take-and-bake. You just throw it in the oven and off you go.

“Those are the kind of things that we’ll now be able to make in Mechanicville and offer over there (in Saratoga).”

Lofstad also said he plans to open a tasting room, where customers can experiment with unfamiliar fish.

“The ocean is full of fish, but not fish that people know,” Lofstad said. “So now I have a tasting room. I go to a brewery, they have a tasting room with four or five different beers. A vineyard, they have different wines. But I’m a fisherman, so I have my own tasting room.”

The Mechanicville restaurant will have a limited menu during the soft opening, with Lofstad saying he will take things “slow and steady.”

“I have a good team of experienced restaurant workers, so we’re going to go slow and steady,” said Lofstad. “Unfold as we go along.”

In addition to the new location, Moby Rick’s is also opening an online business, with Lofstad saying they will be able to deliver in the area. He said many people travel from the Adirondacks to pick up products during the summer.

“We do get many customers that make the trip all the way down to Saratoga to pick up product and take it up to their camps,” Lofstad said. “The online business will be able to offer me to deliver it to them.”

Lofstad said he hopes the Mechanicville location can be “a place where local people can experiment and enjoy new things.”

“The fish I’ve been mostly catching, people up here don’t really look for, like mackerel, blue fish, porgies, and sea bass,” said Lofstad.

Lofstad said he gets fish “from all over the world,” and also catches some himself. Lofstad said he owns three boats and that his family owns four additional boats in Long Island, Massachusetts, and Connecticut.

He also noted that the fish come directly from the sea to his locations, saying “it’s just as fresh as anybody’s getting on the coast.”

He said he also hopes to begin offering brunch at the location, naming smoked salmon, a seafood quiche, and shrimp and grits as possible offerings.

“And maybe a Bloody Mary or a mimosa,” said Lofstad. “Something a little bit different.”

Lessons Learned in 2022

While not superstitious, even-numbered years have been much less friendly to investors than their odd-numbered siblings lately. We all know what happened in 2020, even though the year ended positively. Before that, 2018 featured a 20% drawdown, right before Christmas, no less. From an economic standpoint, it appears that some degree of a recession is coming in 2023. We can even make the case that we may already be in one. As I have written about before, predicting recessions is hard enough; predicting how the market will behave in response to them is even harder. I don’t write this to scare people – recessions are part of the normal ebb and flow of the economy.  With that, let’s look at some factors that got us to where we are now.

Mid-term election years really do matter. At the beginning of this year, I wrote how midterm election years were typically more volatile than any other year in the presidential cycle. That turned out to be accurate this year. Despite the increased volatility, don’t lose sight of the long-term here.

Don’t fight the Fed. The Federal Reserve controls the money spigot for our economy. When they want to give the economy a boost, they open the spigot. This year, they were committed to stopping the flow of easy money that put us in our inflation predicament. Tightening the screws like this affected the economy as well as financial markets, and we all felt the pain.

Inflation is hard to tame once it gets going. For an entire decade, the Fed scratched its head, wondering how it could get the economy to hit its 2% inflation target. Why do they want that much inflation? That is deserving of a separate post. Thanks to the policies enacted during the COVID lockdowns, the inflation genie came roaring out of the bottle. Now that it is out, they are trying desperately to put it back in with minimal success thus far.

Knowing economic data in advance would not guarantee investment success. I touched on this in my last post, but it bears repeating. If you were supplied with the economic data from this year on January 1st, 2022, you would have had a difficult time capitalizing on that knowledge with a sound investment strategy. All the “inflation-sensitive” investments failed to do much in a year of generational inflation. 

The war in Ukraine compounded all the problems. There is a very human element to war that I will not discount here. On top of all the challenges listed above, Russia invaded Ukraine at the beginning of the year which sent waves through the financial world. The lesson learned here is that unexpected external variables can throw even the soundest financial model off course. 

I think it is safe to say that this year is not one most people will look back on with affection. We know that, historically, roughly three out of every four years is positive in the stock market. 2019-2021 saw positive annual returns, which simplistically meant we were due this year. Of course, hindsight is 20/20, and using simple averages like that is no way to invest your money. My point is that occasionally, we need these resets to flush the system of excesses. It doesn’t make them any more fun to live through, but hopefully, we learned some valuable lessons. 

David Rath, CMT, CFA, is the Chief Investment Officer at Continuum Wealth Advisors in Saratoga Springs. Continuum Wealth Advisors, LLC is a Registered Investment Advisor registered through the Securities and Exchange Commission.

For more information, visit contwealth.com.

Hip Hop Dancing for Kids: C3 Hip Hop Dance Co. Launching in January


C3 Hip Hop Dance Co. founder and coach Julie Labate (Photo provided).

SARATOGA SPRINGS — Starting in January, a new opportunity for kids to learn hip hop dance is coming to Saratoga Springs. 

C3 Hip Hop Dance Co., started by founder and coach Julie Labate, will offer local kids an opportunity to train, dance, and perform in the community. 

Labate said she has wanted to start a hip hop dance program since she was a child, and said she realized “that there probably was space in the community for youths to get excited about a different program that wasn’t currently being offered here.”

“I felt it was time for me to realize that dream, that I’ve had, really, since I was a kid, and start my own youth hip hop dance company,” said Labate. “And basically share the opportunity with kids up here that I was really fortunate to have growing up in different locations.”

Labate was born and raised in Miami, Florida, where she began dancing at a young age, joining her first hip hop dance team at nine years old. As a member of the Hip Hop Kidz, a longtime program in the Miami area, Labate performed at the Super Bowl, at parades, Miami Dolphins games, and more. 

She was a competitive cheerleader with the Top Gun All-Stars and at the University of Florida, and led her sorority’s cheerleading and dance teams. After college, Labate moved to New York City and began teaching classes. 

“That helped me kind of transition to a new stage of life, where dance was still part of it, but in a really different capacity where I was instructing adults,” said Labate of teaching classes.

Now living in Saratoga Springs, Labate will lead her own teams at C3 Hip Hop. 

“I have two daughters, and I want them to have the opportunity to learn hip hop dance,” Labate said. “I want other kids to get to have the same opportunities that I had.”

C3 Hip Hop is planning to launch at the end of January, with the inaugural season being a half-season, Labate said. Team placements begin on Jan. 28, according to C3’s website. Classes and instruction are held at Max Level Fitness.

“They’ll follow the school year’s calendar, so it will be September through June,” said Labate of the seasons. “Whereas this year, we’re starting in January because I don’t want to delay any further, and it’s just a half season. It’s primarily going to be focused on training.”

Labate said that there will be an advanced team and a novice team for the initial season. 

“If you come to tryouts, it’s just team placements,” Labate said. “You’re going to get placed on a team no matter your level, because I really want this to be an inclusive place for people of all levels if they want to improve.”

“We’re definitely going to have a novice space, that might be joined with intermediate. Then we’ll have an advanced team as well.”

The teams are open to kids ages 9 to 18, with Labate saying she hopes to add a peewee team (ages 5-8) in future seasons. She said the goal is for the teams to have opportunities to perform both locally and for family and friends, stressing that they will be “full-on productions.”

“They’re going to actually have dynamic productions that they put on that should be really exciting for friends and family, plus the local community, to watch,” said Labate. “I also really want to start competing within the next year or two. That’s something that we’ll build up to.”

Labate said the competitions would primarily be against other local teams to start.

“With that, you’re essentially preparing a really dynamic performance that incorporates different elements of hip hop dance,” Labate said. “It’s like a medley of songs, it’s pretty short. It’s meant to have lots of wow factor, high energy, and just really intricate choreography.”

Labate said she will also be hosting summer clinics to “give people a glimpse into what they would be getting if they signed up for the following season.”

“I really want them to have the opportunity to perform around the community, and for their families, for their friends, and just be proud and excited of what they learned, and show it off, and have these unforgettable experiences that keep them focused, and driven,” said Labate.

Labate grew up with long-term, established programs in Miami, and said she now hopes to build a similar community in Saratoga with C3. 

“Over the years, my vision for this is that it’s a long-term community, a staple of the broader dance community here in Upstate New York. It’s a place that they’re proud to call home,” Labate said. “I’ve seen that in other places that I grew up cheering and dancing with, and I know it’s possible to bring here as well. I’m excited to get that started.”

Corinth Affordable Housing Project Awarded $1 Million Grant; 60-Apartment Complex Breaks Ground in January 

CORINTH — Hudson River Community Credit Union (HRCCU) and RISE Housing and Support Services are pleased to announce they have been awarded a $1 million grant from the Federal Home Loan Bank of New York (FHLBNY). 

The grant will be allocated to the construction of The Riverview Apartments at Corinth project, which will provide 60 affordable and supportive housing apartments for low-income families and seniors.

The grant follows a $7.3 million state grant the project received as part of Gov.Kathy Hochul’s affordable housing initiative in July 2022.  

Launched in 2021, the Riverview Apartments at Corinth project is a product of an ongoing partnership between HRCCU and RISE and will provide 30 supportive housing apartments, 15 affordable senior housing apartments and 15 affordable community apartments. RISE will oversee the construction and operation of the building, while the three-acre parcel of land on which the apartment building will be constructed was donated by HRCCU. 

Construction on the building is expected to break ground in January 2023. The total cost of the project is projected to be $21 million.

‘FAST NY’ Grant Program Now Accepting Applications

ALBANY — Governor Kathy Hochul has announced that the new up-to-$200 million Focused Attraction of Shovel-Ready Tracts grant program will now accept Letters of Intent from potential applicants. 

FAST-NY provides certification and grant funding to help prepare key commercial sites across New York State for development in order to attract high-tech manufacturing, interstate distribution and logistics businesses, and other large employers. Empire State Development is accepting Letters of Intent as a first step in the application process and will accept applications on a rolling basis from those who have submitted letters.

“The new FAST-NY program will further establish New York’s standing as a commercial hub by increasing our supply of shovel-ready sites and attracting the jobs and businesses of the future,” Governor Hochul said in a press release. “With this up-to-$200 million investment, we are helping to supercharge our state’s economy and draw in the key industries that bring high-growth, high-wage jobs. I encourage those interested in FAST NY to jumpstart their application by submitting a letter of intent.”

There are three types of Focused Attraction of Shovel-Ready Tracts (FAST NY) programming: 

• Track A – FAST NY Shovel-Ready Certification: This no-cost designation by ESD for site-marketing purposes establishes that the applicant has worked proactively with New York State to address all major permitting issues prior to a business expressing interest in the location. Details will be announced at a later date. 

• Track B – FAST NY Pre-Development Grants: Working capital grants of up to $500,000 per site will be awarded to fund the cost of necessary pre-development site planning and reviews for future shovel-ready sites.

Grants will fund necessary costs to assist grantees in completing pre-development activities, such as those required for FAST NY Shovel-Ready Certification.

• Track C – FAST NY Infrastructure Improvements: Capital grants will be awarded to improve the shovel-readiness of existing, mature sites by funding infrastructure improvements such as water, sewer, transportation, electricity, gas and other capital-eligible site improvement costs.

Competitive grant awards will be available to sites that have substantially met the requirements of FAST NY Shovel-Ready certification.

Sites must be at least 40 acres in size to be eligible for grant consideration. However, exceptions may be made for smaller sites demonstrating compelling site assets or public benefits such as the possibility for brownfield redevelopment. Eligible industries include: 

• High-tech manufacturing, including but not limited to clean-tech renewable energy, life sciences, agribusiness, optics, transportation equipment, materials processing, industrial machinery manufacturing and other advanced manufacturing 

• Sites for interstate distribution and logistics 

• Priority may be given to semiconductor manufacturing and related industry and supply-chain projects 

Eligible site activities include manufacturing, research and development, office park, and interstate distribution and logistics. All grant funds will be issued on a reimbursement basis.