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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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MARK YOUR CALENDARS - CDC Meetings for 2017

January 12th, 2017
April 13th, 2017
July 13th, 2017
October 12th, 2017
7:30 a.m. in City Hall, 42 Ridge Street, Glens Falls, NY 12801 in the Mayorís Conference Room, 2nd Floor

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 (Travelersís 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;

Details:
  1. Construct approximately new concrete sidewalks to ADA standards in front of the Kensington Road Elementary School;
  2. Construct approximately multi -use path from the Kensington School north driveway along Jerome Avenue and Fire Road to the Glens Falls YMCA entrance;
  3. Construct a raised, high visibility cross walk at the Fire Road entrance to the Glens Falls YMCA;
  4. 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
infrastructure

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.

vision

Community Challenge Report 2013

Download the Executive Summary
Download the Downtown Vision
Download info about the Walk Bike Connectivity

Final comments are due Tuesday, June 18, 2013 at 4 pm
By email: gfeb@nycap.rr.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

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.
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

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
  GFIDA Meeting Agenda - 12.08.2016
  GFIDA Meeting Minutes - 11.10.2016
  GFIDA Financial Statement - 11.2016
  GFIDA Meeting Agenda - 11.10.2016
  GFIDA Meeting Minutes - 10.13.2016
  GFIDA Financial Statement- 10.2016
  GFIDA Meeting Agenda - 10.13.2016
  GFIDA Meeting Minutes - 09.08.2016
  GFIDA Financial Statement- 09.2016
  GFIDA Meeting Agenda - 09.08.2016
  GFIDA Meeting Minutes - 07.14.2016
  GFIDA Meeting Agenda - 07.14.2016
  GFIDA Meeting Minutes - 06.09.2016
  GFIDA Financial Statement - 06.2016
  GFIDA Meeting Agenda - 06.09.2016
  GFIDA Meeting Minutes - 05.12.2016
  GFIDA Financial Statement - 05.2016
  GFIDA Special Meeting Agenda - 05.25.2016
  GFIDA Meeting Agenda - 05.12.2016
  GFIDA Special Meeting Minutes - 04.27.16
  GFIDA Meeting Minutes - 04.14.2016
  GFIDA Financial Statement - 04.2016
  GFIDA Meeting Agenda - 04.14.2016
  GFIDA Special Meeting Minutes - 03.30.2016
  GFIDA Meeting Minutes - 03.17.2016
  GFIDA Financial Statement - 03.2016
  GFIDA Meeting Minutes - 02.24.2016
  Joint Audit Committee Meeting Minutes - 03.08.2016
  Joint Meeting of the Governance
and Nominating Committee - 03.17.2016
  GFIDA Annual Meeting Agenda - 03.17.2016
  GFIDA Meeting Agenda - 03.17.2016
  GFIDA Meeting Minutes - 02.11.2016
  GFIDA Financial Statement - 02.2016
  GFIDA Meeting Agenda - 02.11.2016
  GFIDA Financial Statement - 01.2016
  GFIDA Meeting Minutes - 01.14.2016
  GFIDA Meeting Agenda 01.14.2016
Civic Development Corporation (CDC) downloads
  CDC Meeting Agenda - 11.10.2016
  CDC Meeting Minutes - 10.13.2016
  CDC Meeting Agenda - 10.13.2016
  CDC Meeting Minutes - 09.08.2016
  CDC Financial Statement - 09.2016
  CDC Meeting Agenda - 09.08.2016
  CDC Financial Statement - 08.2016
  CDC Meeting Minutes - 07.24.2016
  CDC Meeting Minutes - 07.14.2016
  CDC Meeting Agenda - 07.14.2016
  CDC Meeting Minutes - 06.09.2016
  CDC Meeting Agenda - 06.09.2016
  CDC Meeting Minutes - 05.12.2016
  CDC Special Meeting Agenda - 05.25.2016
  CDC Meeting Agenda - 05.12.2016
  CDC Meeting Minutes - 04.14.2016
  CDC Meeting Agenda - 04.14.2016
  CDC Meeting Minutes - 03.17.2016
  Joint Audit Committee Meeting Minutes - 03.08.2016
  Joint Meeting of the Governance
and Nominating Committee - 03.17.2016
  CDC Annual Meeting Agenda - 03.17.2016
  CDC Meeting Agenda - 03.17.2016
 

CDC Meeting Minutes - 02.11.2016

  CDC Meeting Agenda - 02.11.2016
  CDC Financial Statement - 01.2016
  CDC Meeting Minutes - 01.14.2016
  CDC Meeting Agenda - 01.14.2016

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DOWNLOADS

Additional GFIDA and CDC documents can be downloaded here:

Glens Falls Industrial Development Agency (GFIDA) documents
  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 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