Courtesy OTS Here’s
Over 300 business and community leaders attended the Saratoga Economic Development Corp.’s 40th anniversary event at the historic Canfield Casino in Saratoga Springs in May.
At the event, Stacie Diana presented Dennis Probston, SEDC president, with a copy of an entry in the Congressional Record submitted by Rep. Stefanik honoring SEDC’s 40th year of private sector driven economic success.
Celebrating 40 years of success, SEDC continues to work with nearly 300 employers.
Projects like Ball Metal Container, QUAD/Graphics, SKS Bottling and Packaging, Arnoff Moving and Storage, AgroChem, PeroxyChem, Greenfield Manufacturing State Farm Insurance, Target and Ace Hardware distribution warehouses and the development of the Luther Forest Technology Campus (LFTC)—which lead to the attraction of GlobalFoundries—are among its successes.
In total, SEDC has worked to bring over 18,000 jobs to Saratoga County and over $16.5 billion in capital investment, according to the organization. Since 2014, it has helped to stimulate over $2.5 billion of new investment, creating and retaining over 1,700 area jobs, and generating over $47 million in local employee wages per year.
In 2017, SEDC launched SPARK Saratoga, the county’s only entrepreneur business incubator and early stage company accelerator supported by established, skilled professional mentors and regional academic institutions with global networks of resources and investors. It is currently supporting over 30 project companies on their paths to business growth.
SEDC officials said the agency is grateful to its members, the many local businesses who contribute to it, and SEDC looks forward to continued collaborative efforts to boost economic n the area.
SEDC is a private, investor-led, nonprofit consulting firm established in 1978 that works to retain existing businesses, while stimulating new investment to create more jobs in Saratoga County and the Capital Region.