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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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NEW OFFICE LOCATION

As of Monday, October 3rd, 2016 the Greater Glens Falls Local Development Corporation office is now located at 333 Glen Street (Travelerís Building) on the first floor room 101. Phone number remains the same 518-761-3833. You can enter the office from the Washington Street side.

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

YOUR FEEDBACK IS IMPORTANT
Please take survey for City Parks-Recreation Programs

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

click on image to download pdf of plan

Pruyns Island

vision

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 plan 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

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OUR MISSION

The GGFLDC will improve the economic conditions of the Glens Falls area by attracting new business and industry. One of the ways the LDC does this is through the administration of the Economic Development Revolving Loan Program.

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ECONOMIC DEVELOPMENT REVOLVING LOAN PROGRAM

The primary objectives of the revolving Loan Program are to create and retain employment opportunities for persons of low-to-moderate income through the expansion or creation of new businesses in the City of Glens Falls; to retain existing employment opportunities; to increase municipal sales and property tax revenues; to provide assistance to projects that present growth potential; to provide assistance to maintain, establish or expand small business – especially in the Central Business District; to leverage the greatest level of private funds possible; and to manage the loan fund in a manner that results in an increasing loan pool.

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FORM OF ASSISTANCE

Assistance will be provided in the form of secured term loans.

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ELIGIBILITY AND REQUIREMENTS

The applicant for loan funds must be current on real property taxes, all mortgage obligations, federal and state tax obligations, and all other debts. Revolving loans (i.e. credit cards) must be a manageable size and be receiving sufficient payments. The borrower must be free of any unsatisfied judgments or other claims which interfere in the lender’s rights in the collateral. Project feasibility includes, but is not limited to:

  1. Evidence that costs, both capital and operating, are reasonable. A reasonable, well thought out business plan.
  2. Appropriate management and financial accounting capabilities are in place.
  3. A market for the proposed products/services exists, and that a reasonable marketing plan is in place.
  4. Revenue estimates that are reasonable and that all sources of project funds, other than that from the Revolving Loan Fund, are firmly committed or can reasonably be expected to be committed prior to the loan closing.

The GGFLDC will look at personal financial statements; project capital cost estimates; equipment quotes; working capital needs; projection of income operating expenses; cash flow and net profit before depreciation and taxes; job projections; evidence of equity and other firm financial commitments.

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ELIGIBLE USES OF FUNDS AND LOAN TERMS

  Purchase of capital equipment Useful life of equipment or 5-7 years, whichever is less.
  Renovations and/or additions Up to 10 years*
  Acquisition and/or new construction Up to 15 years*
  Inventory Up to 2 years
  Working capital Up to 2 years
  * The GGFLDC may increase the terms of the loan if conditions or circumstances warrant.

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SECURITY

It is the policy of the program that all loans be secured whenever possible. The security will be in equipment, land and buildings, assets of the business and/or assets of the business owner(s) or corporate officers. Realistically, the loans may have to take a subordinate position to other private lenders, which is acceptable if conditions and circumstances so warrant.

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FEES AND OTHER LOAN COSTS

An application fee of $250.00 must accompany each application for a loan. Legal and accounting fees that the GGFLDC will incur make up the bulk of the costs involved. In addition, the applicant will be responsible for any disbursement regarding its project made by the GGFLDC’s legal counsel, or accountant, or by the GGFLDC itself. All these fees should be considered in planning the financing. These costs may be reimbursed to the applicant through loan proceeds, and should be estimated and included in the applicant’s loan proposal.

You can download an Application here. Return the completed form to the Office of Economic Development at City Hall.

  GGFLDC Application Information
  GGFLDC Application

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MONTHLY MEETING INFORMATION

Documents for the monthly meetings can be downloaded here:

  Meeting Agenda - 09.08.2016
  Meeting Minutes - 07.14.2016
  Financial Statement - 07.2016
  Meeting Agenda - 07.14.2016
  Meeting Minutes - 06.09.2016
  Financial Statement - 06.2016
  Meeting Agenda - 06.09.2016
  Meeting Minutes - 05.12.2016
  Financial Statement - 05.2016
  Meeting Agenda - 05.12.2016
  Meeting Minutes - 04.14.2016
  Financial Statement - 04.2016
  Meeting Agenda - 04.14.2016
  Special Meeting Minutes - 03.30.2016
  Meeting Minutes - 03.17.2016
  Financial Statement - 03.2016
  Joint Audit Committee Meeting Minutes - 03.08.2016
  Joint Meeting of the Governance
and Nominating Committee - 03.17.2016
  Annual Meeting Agenda - 03.17.2016
  Meeting Agenda - 03.17.2016
  Meeting Minutes - 02.11.2016
  Financial Statement - 02.2016
  Meeting Agenda - 02.11.2016
  Financial Statement - 01.2016
  Meeting Minutes - 01.14.2016
  Meeting Agenda - 01.14.2016

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DOWNLOADS

Additional LDC documents can be downloaded here:

  Budget 2016-2020
  Policies & Procedures 2016
  Warren County EDC Annual Report 2015
  Audit Report 2015
  Meeting Minutes 2015
  Financial Statements 2015
  Propsed Budget 2015-2020
  Bylaws 2015
  Policies & Procedures 2015
  Annual Report 2014
  Meeting Minutes 2014
 

Financial Statements 2014

  Audit Report 2014
  Auditor's Letter 2014
  Committees & Members 2014
  Policies & Procedures 2014
  Annual Report 2013
  Meeting Minutes 2013
  Members & Directors Meeting Minutes 2013
  Financial Statements 2013
 

Financial Audit Report - 2013

  Policies & Procedures 2013
  Budget 2013-2015
  Membership & Directors Bylaws 2013
  Annual Report 2012
  Meeting Minutes 2012
  Financial Statements 2012
  Financial Audit Report - 2012
  Board of Directors 2012
  Committees and Members 2012
  GGFLDC Policies & Procedures 2012
  Procurement Guidelines
  Audit Committee Charter
  Governance Committee Charter
  GGFLDC Code of Ethics
  GGFLDC By-Laws
  GGFLDC Missions Statement and
Performance Measurements

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CONTACT US

City of Glens Falls
Office of Economic Development
42 Ridge Street
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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The Greater Glens Falls Local Development Corporation (GGFLDC) is a not-for-profit corporation organized under the laws of New York State as a Local Development Corporation (LDC). Its members serve without pay and contribute freely of their time and experience to enhance the economic development of the Glens Falls Area.