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Thursday, 18 May 2017 19:34

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

  • Saratoga County Court Matthew J. Gifford, 31, of Saratoga Springs, was sentenced to 5 days incarceration and 5 years probation, after pleading to felony DWI, charged February 2024 in Saratoga Springs.  Kevin P. Masterson, 52, of Mechanicville, was sentenced to 6-1/2 years incarceration / 5 years post-release supervision, after pleading to criminal possession of a weapon in the second-degree, charged May 2023.  Shawn Flores, 45, of Milton, pleaded to criminal contempt in the first-degree, charged February 2024. Sentencing July 30.  Nicholas F. Bonfante, 44, of Halfmoon, pleaded to criminal sale of a controlled substance in the second-degree, a felony, charged…

Property Transactions

  • BALLSTON  Eastline Holdings LLC sold property at 1 Aspen Drive to Sateeshnvss and Srividya Gudipaty for $549,980 Adesh Budhraj sold property at 1 Larkin Road to Katz Excavating and Construction LLC for $65,000 CORINTH William and Robert Morgan sold property at 677 County Route 25 to Christin Guilder for $285,000 GALWAY Rita Werner and Erin Forlenza sold property at 1064 West Galway Road to Karen Crandall for $145,000 GREENFIELD Desolation Ventures Inc. sold property at 498 Lake Desolation Road to MW Real Estate Enterprises, LLC for $680,000 Justin Kelsey sold property at 519 North Creek Road to Scott and David…
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