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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 Nicholas J. Valcik, 34, of Ballston Spa, pleaded Dec. 5 to promoting prison contraband in the first-degree. Sentencing scheduled Jan. 30, 2018.  Trevor J. Hammar, 29, of Milton, pleaded Dec. 5 to felony burglary, and two felony counts grand larceny in connection with incidents suspected of taking place in Milton in October. Sentencing scheduled for Jan. 30.  Lana M. Senecal, 28, of Middle Grove, pleaded Dec. 6 to felony grand larceny in connection with an incident in Malta. Placed on interim probation to include Treatment Court.  Blake E. Labarge, 25, of Saratoga Springs, was sentenced Dec. 6 to five…

Property Transactions

  • TOWN OF BALLSTON  22 Main St., $12,500. Kenneth Merchant sold property to Ballston Lake Sewer District.  17 Lot 2 France Lane John and Florence France sold property to Craig and Catherine Todd.  60 McMaster St., $300,000. John and Robin Conroe sold property to Timothy and Amy Fealey. CLIFTON PARK 5212 Forest Point Dr. South, $212,500. Salvatore and Glenda Corcione sold property to Jeremiah and Jennifer Richardson. 14 Tanglewood Dr., $307,500. Jason Sczerba and Shaunesy McIntyre sold property to Kristie and William Schohn, Jr.  169 Tallow Wood Dr., $175,000. Helena Marks sold property to Jiabin Li and Kuiyang Zhang.  22 Payne…
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