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 John A. Oakes, 32, homeless, pleaded on May 9 to felony attempted assault DWI in connection with an incident that occurred in Saratoga Springs.    Fred F. Albright III, 35, of Saratoga Springs, was sentenced on May 10 to one year in jail, after pleading to felony DWI.   Manuel Olmo, 48, of Saratoga Springs, pleaded on May 5 to felony DWI in connection with an incident that occurred in Saratoga Springs.    Justin M. Lematty, 28, of Malta, pleaded on May 5 to felony criminal mischief in connection with an incident that occurred in Malta. Edmund G. Currier…

Property Transactions

  • Ballston 19 Martin Ave., $289,000. Michael Badger sold property to Linda and Thomas Clark 23 Marlyn Dr. $179,000. Daniel and Kathleen Appolo sold property to Vanessa Vero  1 Horseshoe Bend, $440,459. Legacy Custom Home LLC sold property to Anthony Medici and Jennifer Micillo 118 Midline Rd., $340,000. Catherine Schafer sold property to Peter and Kathleen Sacco Clifton Park 52 Grant Hill Court, $250,500. Randy Costales and Sheila Carattini sold property to Marie Barker 122 East Side Dr. $200,000. Jimmie and Leslie Daniels sold property to Michael Hazard 168 Tallow Wood Dr. $200,000. Jeffrey and Jason Bethon sold property to Howard…
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