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Bi-Weekly Development News for Warren County and the Region
Ed Bartholomew, President  |  Arleen Girard, Chair

APRIL 22, 2016
INSIDE EDC


Economic Spotlight: ENTREPRENEURS & GROWTH



Friday, May 13, 2016
EDC ANNUAL LUNCHEON
Great Escape Lodge 

Registration and Networking: 11:30 a.m. - Noon
Luncheon & Program: Noon to 1:30  p.m. 

Our annual economic development luncheon this year salutes the ingenuity, business acumen, and leadership of several local entrepreneurs. 

EDC is pleased to announce and welcome Phillip Morse as keynote speaker. In addition to Phillip Morse's keynote presentation, EDC officials will share highlights from 2015 and discuss 2016 initiatives. This annual event attracts private citizens as well as roughly 250 local business and non-profit executives, county and municipal administrators, school leaders, and elected officials. 

RESERVE NOW:  To register for this event click here.  Advance paid reservations are required.

SPONSOR OPPORTUNITIES:  For details on sponsorship click here.

Email Elaine Behlmer (ebehlmer@edcwc.org) by April 29, or call 518.761.6007 ext 300 with any questions. 
KEYNOTE SPEAKER


Phillip H. Morse

Founder
NAMIC U.S.A. Corp.
Medical device manufacturer now part of AngioDynamics 
 
 
Vice Chairman
Fenway Sports Group
Sports, media and entertainment

Founder
Heritage Creations USA
Custom golf trophies and awards


The Global NY Fund



ESD is working in partnership with lenders to extend financing to New York State companies seeking to create or expand direct exports, or to serve as suppliers to larger exporters. Loans of up to $500,000 are available for companies to purchase equipment and inventory needed to deliver on export-related contracts and provide working capital to support foreign accounts receivable. 

ESD is also providing grants of up to $25,000 to help companies start export or increase their global exports.
Hudson Avenue Mixed Use Project on Target for 2016
The Hudson Avenue mixed use development project in Glens Falls is progressing on schedule according to the developers Bonacio/Galesi. Steel has been going up in recent weeks (see photo). For leasing information on commercial space contact Julie Bonacio at 518.350.SOLD (7653).

Adirondack Thunder - Round 2 Group Packages

The Adirondack Thunder have advanced to Round 2 of the 2016 Kelly Cup Playoffs, the first time since 1994 an Adirondack professional hockey team has won a playoff series! The Thunder kick off Round 2 play at home next week and we'd love for you to join us!
 
A group experience with the Adirondack Thunder is a chance to have a fun night out with friends, family or coworkers, while enjoying playoff hockey at just $14 per ticket (before tax and facility fee)! Groups can also participate in a variety of activities throughout the game to make their experience truly memorable.
 
Let us take your entertainment experience to the next level with Adirondack Thunder playoff hockey! Give me a call at 518-480-3355 x319 and let me customize a Thunder hockey experience that you won't forget all at an incredible price. Be a part of our run towards a Kelly Cup Championship. Let's Go Thunder!
 
Please share this with employees and anyone else in your database. If you need a flyer please let me know.
 
When will the games be? Below are two potential home schedules: (The South Carolina and Kalamazoo series could go as late as Tuesday 4/26)
 
6 - Adirondack vs. 2 - South Carolina
 
Game 3: South Carolina @ Adirondack - Tuesday, May 3, 7:00 p.m.
Game 4: South Carolina @ Adirondack - Thursday, May 5, 7:00 p.m.
*Game 5: South Carolina @ Adirondack - Saturday, May 7, 7:00 p.m.
*If Necessary
 
6 - Adirondack vs. 7 - Kalamazoo
 
Game 1: Kalamazoo @ Adirondack - Friday, April 29, 7:00 p.m.
Game 2: Kalamazoo @ Adirondack - Saturday, April 30, 7:00 p.m.
*Game 6: Kalamazoo @ Adirondack - Monday, May 9, 7:00 p.m.
*Game 7: Kalamazoo @ Adirondack - Wednesday, May 11, 7:00 p.m.
*If Necessary
Home Sales Strong In March in Glens Falls Area 

Home sales in the Glens Falls, New York region increased 26 percent in March, while pending sales - a measure of future activity - shot up 36 percent, according to The Southern Adirondack Realtors.

The median price increased 10 percent, to $165,000, and the average price rose 0.3 percent, to $199,635, based on sales through the Southern Adirondack Multiple Listing Service which includes Warren County and parts of Essex, Washington and northern Saratoga counties.

Read the article in the Business Review.

Attention all EDC Members and Future Members:  Renew your membership at EDC!  
Membership materials were sent via mail to all current members. For membership information and to become a new member please click here
or call EDC Offices today at 518-761-6007 and staff will gladly answer any questions about our membership program and benefits.
WARREN COUNTY HAPPENINGS
Great Escape Begins Work on New Looping Coaster

Workers from the Burt Crane & Rigging company assemble pieces of the new Greezed Lightin' looping coaster ride Tuesday at the Great Escape on Route 9 in Queensbury. The ride is located between the Sasquatch and Boomerang rides, near the front of the park. The amusement park is slated to open May 14, though the Greezed Lightnin' will debut May 21.  

Read the article in the Post Star.
Science Teacher Completes Purchase of Adirondacks Resort

Retired science teacher Carole McLean-Wright has completed the purchase of the 1,000 Acres Resort in the Adirondack Mountains in upstate New York.

Read the article in the Business Review.
Boat Inspection Update:  Park commission Passes Boat Inspection Regulations
Lake George Hospitality Market Attracts More Investments

A former mergers and acquisitions attorney from Manhattan has purchased his second motel in Lake George, New York and Real Estate Developer Dave Kenny is investing $25 million to construct a six-story, 120-room Marriott Courtyard Hotel and Conference Center in the center of the village.

Read the article in the Business Review.
 
 
Two More Executives Leave one of Albany's Biggest Public Companies
 
Read the article in the Business Review.
 
ECONOMIC DEVELOPMENT & REGIONAL NEWS
Brookings Institution Seeks to Redefine Economic Development in Age of Economic Weakness

Article in Chief Executive magazine article citing Brookings Institute report urging a redefinition of ED and encouraging a focus on growth from within i.e. cluster and entrepreneurial assistance and more wide scoped vision of rather than reliance of old school incentive based corporate recruitment efforts that are increasingly less productive in today's economy.

Click here for the article.
What Is Driving Beer Production?

For American Beer Drinkers Its a Great Time to Be a Beer Lover 

Article in Nielsen detailing what is driving beer growth in US including generational analysis. Not surprisingly, growth in craft beer demand is locally based according to the survey which is good news for tourism venues in Warren County.

Click here for the article.
Food Packaging Maker Will Move Headquarters Out of New York

Read the article in the Business Review.


UPCOMING EVENTS
April - May

April 25 - May 16
The Microenterprise Assistance Program
Mondays 6 p.m. to 8 p.m.
SUNY Adirondack Queensbury campus
Hartford Central School District
Salem Central School District
PRE-REGISTRATION REQUIRED
Call 518-743-2238, email conted@sunyacc.edu

Friday, April 29 at 6:00 p.m.
Saturday, April 30 at 2:00 p.m.
Adirondack Productions & Theater Inc.
Queensbury High School
Suggested Donation:  Adults - $6.00 Children - $3.00

April - July

May 13, 2016
EDC Annual Luncheon
Great Escape Lodge, 89 Six Flags Drive, Queensbury
Keynote Speaker:
Mr. Phillip H. Morse
Medical Device and Professional Sports Industry Entrepreneur
11:30 a.m. - 1:30 p.m.
Registration and networking at 11:30; luncheon begins at noon
Sponsorships Available - Call for Information (518) 761-6007


SAVE THE DATE
NYSEDC'S 2016 Annual Meeting
May 25 - 27, 2016
The Otesaga Hotel
Cooperstown, NY
CONTACT EDC 
For member information on how to join EDC, go to edcwc.org

To share your news, submit to info@edcwc.org

STAY CONNECTED:
EDC Warren County  |  www.edcwc.org  |  518-761-6007