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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

  • COURT  Michael C. Norton, 59, of Hadley, was sentenced Jan. 12 to 20 years-to-life after pleading to murder in the second-degree, in connection with the death of his wife at the couple’s home in Hadley in May 2017.  Alycia M. Andreadakis, 43, of Ballston Spa, was sentenced Jan. 12 to five years of probation, after pleading to felony burglary.  Erica M. Jukna, 35, of Mechanicville, pleaded Jan. 11 to felony DWI in Malta. Sentencing scheduled March 7.  Victor C. Mattson, 39, of Rotterdam, was sentenced Jan. 11 to 8 years state prison, after pleading to second degree robbery, a felony,…

Property Transactions

  • TOWN OF BALLSTON  1341 West High St., $335,000. James and Mary Schmitz sold property to Matthew and Devin Whalen.  5 Thomas Ave., $105,000. Equinox Properties LLC sold property to McConchie Properties LLC.  8 Roseland Blvd., $206,000. Herbert Gott (by Admin) sold property to Andrew and Amy Ferrone.  8 Willem Way, $135,000. Frank Volpe (by Atty) and Denise Volpe (Ind. And as Atty) sold property to Christopher Naughton and Donna Arini.  38 Forest Rd., $215,000. Aven Real Estate Enterprises LLC sold property to Craig Kincaid. Lot 14 MacKenna Ct., $427,116. John Paul Builders LLC sold property to Richard and Mary Leonard.…
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