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NEWS  
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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.
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GLENS FALLS IDA CURRENT PROJECTS

A. Report on 11 Active IDA Projects
B. Project Payments
C. Summary of City’s Assessed Valuations


INDIVIDUAL GLENS IDA PROJECTS

A. Queensbury Hotel
B. Park Theater
C. McEchron House - 65 Ridge Street

CITY OF GLENS FALLS
PRUYNS ISLAND MASTER PLAN - REDEVELOPMENT & CONNECTION PLAN

click on image to download pdf of plan

Pruyns Island



2012
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 gfeb@nycap.rr.com 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.
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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

forbes

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.
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Read more from Forbes

RIGHT AT HOME - There's No Better Region

Produced by Pepe Production


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 facilities.

OUR MISSION

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 economy.

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OVERVIEW BOND/LOAN PROGRAM

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:

  Tax-exempt bonds
  Manufacturing facilities can be financed with tax-exempt bonds.
  Taxable 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.
  Refunding bonds
  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 facility costs.

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MONTHLY MEETING INFORMATION

Documents for the monthly meetings can be downloaded here:

Glens Falls Industrial Development Agency (GFIDA) downloads
  Joint Annual Meeting Agendas, Minutes, and
Financial Statements - 3.14.2019
  GFIDA Meeting Agenda - 2.14.2019
  GFIDA Meeting Minutes - 1.10.2019
  GFIDA Financial Statement - 1.2019
  GFIDA 2019 Projects Update
  GFIDA Meeting Agenda - 1.10.2019
Civic Development Corporation downloads
  Joint Annual Meeting Agendas, Minutes, and
Financial Statements - 3.14.2019
  CDC Meeting Agenda - 3.14.2019

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DOWNLOADS

Additional GFIDA and CDC documents can be downloaded here:

Glens Falls Industrial Development Agency (GFIDA) documents
  GFIDA Minutes 2018
  GFIDA Financial Reports 2018
  2017 Annual Report
  GFIDA Meeting Minutes 2017
  GFIDA Financial Statements 2017
  GFIDA Budget 2017-2022
  Annual Report 2016
  GFIDA Meeting Minutes 2016
  GFIDA Financial Statements 2016
  GFIDA Budget 2016-2021
  GFIDA Policies & Procedures 2016
  Warren County EDC Annual Report 2015
  GFIDA Audit Report 2015
  GFIDA Meeting Minutes 2015
  GFIDA Financial Statements 2015
  GFIDA Application
  Procurement Guidelines
  GFIDA Project Sponsor Guidebook
 

GFIDA Policies & Procedures 2015

  GFIDA Annual Report 2014
  GFIDA Meeting Minutes 2014
 

GFIDA Financial Statements 2014

  GFIDA Audit Report 2014
  GFIDA Auditor's Letter 2014
  GFIDA Committees & Members 2014
  GFIDA Policies & Procedures 2014
  GFIDA Annual Report 2013
  GFIDA Meeting Minutes 2013
  GFIDA Financial Statements 2013
  GFIDA Financial Audit Report -2013
  GFIDA Policies & Procedures 2013
  GFIDA Proposed Budget 2013-2015
  GFIDA Annual Report 2012
  GFIDA Meeting Minutes 2012
  GFIDA Financial Statements 2012
  GFIDA Financial Audit Report - 2012
  Committees and Members 2012
  Board of Directors 2012
  GFIDA Code of Ethics
  GFIDA By-Laws
  GFIDA Mission Statement and
Performance Measurements
Civic Development Corporation (CDC) documents
  CDC Meeting Minutes 2018
  CDC Financial Statements 2018
  CDC Meeting Minutes 2017
  CDC Budget 2017-2022
  Annual Report 2016
  CDC Meeting Minutes 2016
  CDC Financial Statements 2016
  CDC Budget 2016-2021
  CDC Policies & Procedures 2016
  Warren County EDC Annual Report 2015
  CDC Audit Report 2015
  CDC Policies & Procedures 2015
  CDC Meeting Minutes 2015
  CDC Financial Statements 2015
  CDC Audit Report 2014
  CDC Committees & Members 2014
  CDC Policies & Procedures 2014
  CDC Meeting Minutes 2013
  CDC Policies & Procedures 2013
  CDC Proposed Budget 2013-2015
  CDC Meeting Minutes 2012
  CDC Audit Report 2012
  CDC Committees 2012
  CDC Board of Directors 2012
  CDC Policies & Procedures 2012

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CONTACT US

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
Room 101
Glens Falls, NY 12801
Phone: (518) 761-3833
Fax: (518) 798-5029

Ed Bartholomew
Economic Development Director
gfeb@nycap.rr.com

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OUR MISSION | BOND/LOAN PROGRAM | DOWNLOADS
MONTHLY MEETING INFORMATION | CONTACT US