Stimulating job growth remains a top priority for leaders across the state. In Glens Falls, local officials believe a series of new grants will help them make their city a future hot spot in the emerging tech sector. READ MORE
MONTHLY MEETING RESCHEDULED
November 1, 2018 at 7:30 a.m.
City Hall, 42 Ridge Street, 2nd Floor
Mayor’s Conference Room, Glens Falls
The regularly scheduled IDA meeting for Thursday, November 8, 2018 has been
changed to Thursday, November 1, 2018 at the same location. There will be no meeting on Thursday, November 8, 2018.
NOTICE OF PUBLIC HEARING
Thursday, November 1, 2018 at 7:30 a.m.
City Hall, 42 Ridge Street, 2nd Floor
Mayor’s Conference Room, Glens Falls
A public hearing pursuant to Article 18-A of the New York State General Municipal Law will be held by the City of Glens Falls Industrial Development Agency (the "Agency") in connection KDBF Ventures, LLC, a limited liability company established pursuant to the laws of the State of New York, having an address of 29 Old Aspetong Road, Katonah, NY 10536 (the "Company") has requested that the Agency provide :financial assistance in the form of a payment of lieu of taxes, mortgage tax exemption and sales tax abatements regarding a project (the "Project") to consist of: (i) the acquisition by the Agency of a leasehold interest in certain real property located on Veterans Road (Lot #4) in the City of Glens Falls, County of Warren, New York (the "Land", being more particularly described as tax parcel number 309.6-3-4); (ii) the planning, design, construction, operation and maintenance by the Company of an approximately 15,000+/- square foot light manufacturing/office facility (collectively, the "Improvements"); (iii) the acquisition of and installation in and around the Land and Improvements by the Company of machinery, equipment, fixtures and other items of tangible personal property (the "Equipment" and, collectively with, the Land and the Improvements, the "Facility''); and (iv) entering into a straight lease transaction (within the meaning of subdivision (15) of Section 854 of the Act), pursuant to which the Agency will retain a leasehold interest in the Facility for a period of time and sublease such interest in the Facility back to the Company (the "Straight Lease Transaction"), all pursuant to Title 1 of Article 18-A of the General Municipal Law of the State of New York, Chapter 862 of the Laws of 1971 of the State of New York (collectively, the "Act"), as amended.
NEW OFFICE LOCATION
As of Monday, October 3rd, 2016 the Glens Falls Industrial Development Agency office and the Glens Falls Civic Development Corporation office are now located at 333 Glen Street (Travelers’s Building) on the first floor room 101. Phone number remains the same at 518-761-3833. You can enter the office from the Washington Street side.
LEGAL SERVICES REQUEST FOR QUALIFICATIONS
The Greater Glens Falls Local Development Corporation (LDC), Glens Falls IDA (IDA), Glens Falls Civic Development Corporation (CDC) is requesting proposals and statements of qualifications for legal services as an independent contractor. To find out more, CLICK HERE.
STATEMENT BY IDA CHAIRMAN JUDITH CALOGERO
The Glens Falls IDA (IDA) recently participated in a review conducted by the Authorities Budget Office (ABO) in May 2015. The review involved comparing Glens Falls IDA project data gathered from the original source documents including project applications, project closing documents, property tax bills, reports, and other documents, with the state's online digital reporting system. To download this document, CLICK HERE.
GOVERNOR CUOMO ANNOUNCES $70 MILLION IN FUNDING FOR 68 BICYCLE AND PEDESTRIAN PROJECTS
Glens Falls Economic Community Development Director Ed Bartholomew stated that today's announcement represents an important collaboration by the City of Glens Falls with Glens Falls School District, YMCA and the Adirondack Glens Falls Transportation Council which has resulted in a substantial and important safety project going forward..
This project recommended by the recently concluded "City's Community Challenge HUD Grant" will greatly enhance safety for bicyclists, pedestrians who walk, and ride in the Kensington School, Crandall Park YMCA/Fire Road area.
Improvements has been long sought after through the years but with little success. The support received from Mayor Diamond and the Common Council, organizations and residents, Federal Highway Administration, state officials Senator Betty Little, Assemblyman Dan Stec and from the Governor's Office was most helpful in securing this funding.
Plans include: construct new sidewalks, multi- use path and raised crosswalk along Kensington Road, Jerome Avenue and Fire Road in the City of Glens Falls, thus formally connecting several major and important pedestrian generators including an elementary school (K-4), YMCA and significant public park facilities with separate accommodations for pedestrians and bicyclist of all ages;
Construct approximately new concrete sidewalks to ADA standards in front of the Kensington Road Elementary School;
Construct approximately multi -use path from the Kensington School north driveway along Jerome Avenue and Fire Road to the Glens Falls YMCA entrance;
Construct a raised, high visibility cross walk at the Fire Road entrance to the Glens Falls YMCA;
Construct approximately sidewalk between the YMCA driveway entrance at Fire Road to connect to existing sidewalks at Glen Street (State touring Route 9); and
The estimated Project cost is $$575,000 to $600,000 with funding ratio of 80 per cent (state share) -20 per cent(local share) - Project timetable --commence design in 2015 –construction 2016 and with closeout 2017—local share will be budgeted over 3 year period and will be supplemented by other non city funds
Report by EDC of Warren County & Adirondack Gateway Council and Infrastructure Priorities was presented at the Region's Infrastructure Forum –Tech Valley and Beyond - October 30 & 31, 2013. Click here for a copy of the report.
Final comments are due Tuesday, June 18, 2013 at 4 pm
By email: email@example.com
By fax: 518 798 5029
By mail: Community Challenge-Office of Community Development City Hall 42
Ridge Street, 2nd Floor, Glens Falls NY 12801
CITY OF GLENS FALLS
PRUYNS ISLAND MASTER PLAN - REDEVELOPMENT & CONNECTION PLAN click on image to download pdf of plan
DOWNTOWN VISION AND DEVELOPMENT STRATEGY COMMUNITY CHALLENGE GRANT PROJECT SUMMARY OF INFORMATION AND DATA TO DATE
Download Downtown Vision & Development Strategy Schematics Download Glens Falls Downtown Vision &
Development Strategy Description Download Glens Falls Goals & Objectives Download Downtown Vision & Development Strategy Brochure Download plans and images
COMMUNITY CHALLENGE DOWNTOWN VISION AND STRATEGY PLAN
The City's public engagement process continues.
Following a series of public information meetings, focus groups, steering committee meetings and open house, the draft action plan is now available for review on line above.
Copy of the Draft Action Plan is available at Crandall Library and at the City Clerk's Office, City Hall.
Designs, concepts, renderings are also available for review at City Hall, first floor.
Comments on the Draft Plan will be received from the public through January 25, 2013 and may be mailed or dropped off at City of Glens Falls, Community Challenge, Community Development Office 2nd Floor, 42 Ridge Street, Glens Falls NY 12801 or by email firstname.lastname@example.org or by fax 518 798 5029
LEGISLATIVE SESSION REPORT Source: looktvonline.com
Kenneth Adams, head of the Empire State Development Corporation, discussed Governor Andrew Cuomo’s 2011-2012 session accomplishments with local leaders and residents. VIEW VIDEO
STATE WILL FEATURE FAGE, NANOTECH, IN ADS Source: timesunion.com
Gov. Andrew Cuomo just unveiled a new set of advertisements designed to attract and retain businesses in the state. VIEW ADS
BEST MID SIZED CITIES FOR JOBS LIST BY FORBES MAGAZINE -- GLENS FALLS IS 12TH
Glens Falls Mayor Jack Diamond has responded favorably to positive job growth report and national ranking from Forbes magazine for the city and the region. Mayor stated that the Glens Falls Economic Development Group has already forwarded this information to NY Empire Development Officials, Governor's Office and legislative leaders in Albany and Washington as well to several interested parties. READ MORE
The City of Glens Falls Industrial Development Agency (IDA) is an economic development tool that allows the City
to issue Industrial Development Revenue Bonds, lease/sale agreements, installment sale agreements, as well as various tax advantages to businesses that wish to locate or expand their
operations within the City limits. Typical projects eligible for financing include the purchase and/or rehabilitation of existing buildings, or the construction of additions to existing
The Agency is in place to help private businesses improve the job opportunities, health, general prosperity, and overall economic welfare of the City of Glens Falls
and its residents over the long term. Our immediate goal is to retain and increase jobs by supporting projects that will have a significant positive impact on the City’s
Although the IDA issues the bonds, it does not actually loan any money to the applicant. Rather, a financial institution loans the funds through the IDA by purchasing
the bonds. The financial institution will review the project and makes a decision on whether or not to purchase the bonds based on the financial strength and credit of the applicant.
A City of Glens Falls IDA representative will assist in identifying and facilitating discussions between the lender and the applicant. The company will then negotiate the terms and
conditions of the loan with the lender.
The IDA issues both tax-exempt and taxable industrial development revenue bonds for the acquisition, construction, and equipping of manufacturing, commercial, and
civic facilities. The four financing mechanisms available through the IDA include:
Manufacturing facilities can be financed with tax-exempt bonds.
Commercial non-manufacturing projects, such as office buildings, hotels, and retail stores qualify for taxable bonds.
Tax-exempt and taxable bonds
A combination of tax-exempt and taxable bonds can be used for projects that include both manufacturing and non-manufacturing activities.
Projects that were previously assisted with tax-exempt bonds are allowed to repay/refund the outstanding principal amount of the “old”
bonds with new tax-exempt refunding bonds bearing a lower interest rate. Refunding at lower interest rates allows companies to remain competitive in Glens Falls by reducing their
The purpose of this site is to provide a brief overview of the IDA program. We encourage you to contact us regarding the establishment or expansion of your business.
We have a range of economic development programs, incentives, and economic development tools that make Glens Falls a great place to do business.
City of Glens Falls
Office of Economic Development
333 Glen Street
Glens Falls, NY 12801
Phone: (518) 761-3833
Fax: (518) 798-5029