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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

  • COURTS Wayne M. Bakken II, 20, of Saratoga, pleaded Oct. 6 to promoting prison contraband, a felony. Sentencing scheduled Dec. 1.  Jared M. Tenace, 27, of Schenectady, pleaded Oct. 6 to criminal possession of stolen property, a felony, in connection with an incident in Milton. Sentencing scheduled Dec. 1.  Nathaniel A. Harrington, 37, of Hudson Falls, pleaded Oct. 6 to promoting prison contraband. Sentencing scheduled for Dec. 1.  John P. Allen, 54, of Middle Grove, was sentenced Oct. 2 to time served and five years of probation, after pleading to felony criminal possession of a controlled substance. Lawrence D. Wright,…

Property Transactions

  • BALLSTON SPA 299 Lake Rd., $335,000. Key Bank National Association sold property to Cui Hong Liu. 44 Lancaster Court, $404,989. Traditional Homebuilders and Developers Inc. sold property to Tracy Kayser-Messing and Gert Messing.  25 Mourningkill Dr., $226,200. Joanne Lorenc sold property to Keith Searles and Patricia Keister.  216 Kingsley Rd., $221,450. Eric Labrecque sold property to Iris Rush. 320 Goode St., $200,000. John Goddard sold property to Joshua Knight. 347 Moonlight Dr., $364,000. Theodore and Beth Karis sold property to Jacob and Misha Marvel.  18 Cypress Dr., $331,505. Heritage Builders Group LLC sold property to Andrew and Theresa Proler.  28…
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