May 2016 Cover Story: Economic Development

Securing a stronger future for the north country

COR Development’s Mercy Health Center Redevelopment project is set to begin its first phase of construction this summer on 30,000 square feet of commercial space and 108 apartments. Overall, the project will house 168 units and a community center on the grounds of the former Mercy Hospital in Watertown. Photo by Stephen Swofford, NNY Business.

COR Development’s Mercy Health Center Redevelopment project is set to begin its first phase of construction this summer on 30,000 square feet of commercial space and 108 apartments. Overall, the project will house 168 units and a community center on the grounds of the former Mercy Hospital in Watertown. Photo by Stephen Swofford, NNY Business.

Despite workforce challenges, regional economic development continues to power positive growth across Northern New York

By Karee Magee, NNY Business

A rural and historically challenged region where economic development was often stagnant, the Great Recession dealt a significant blow to New York’s north country as its counties saw a spike in unemployment and manufacturing jobs disappear, including about 600 from Jefferson County alone. [Read more…]

Watertown Trust approves incentive program for downtown business district

The downtown business district will be getting another shot in the arm from the Watertown Local Development Corp. [Read more…]

JCIDA OKs 10-year tax break for Watertown business incubator

Finishing a nearly yearlong negotiation process, the Jefferson County Industrial Development Agency’s board of directors approved a 10-year tax break on Thursday for the Watertown Center for Business and Industry. [Read more…]

Fort Drum project’s tax break could cause county financial stress

Jefferson County legislators say exempting a $75 million Fort Drum housing project from sales tax could further contribute to county financial stress. [Read more…]

Local experts discuss north country’s economic outlook at Chamber event

The Economic Forecast event featured a panel of five speakers discussing the economic trouble spots and assets in the north country.

The Economic Forecast event featured a panel of five speakers discussing the economic trouble spots and assets in the north country. Photo by Stephen Swofford, Watertown Daily Times.

Trying to get a glimpse of the local economic future is more like staring into an opaque globe than a crystal ball, noted Donald C. Alexander, chief executive officer of Jefferson County Economic Development. [Read more…]

JCIDA chief: $15-an-hour proposal could drive ‘handful’ of area businesses out of state

A handful of area businesses “across the gamut of sizes and sectors” say they’d consider moving out of New York if the governor’s $15-an-hour minimum wage proposal materializes, according to the chief of the Jefferson County Industrial Development Agency. [Read more…]

January 2016 Cover Story: Economic Outlook

Slow and steady
growth wins the race

OUTLOOK 2016 / MILITARY: A soldier salutes during the presentation of the colors last year in an activation ceremony for the 10th Mountain Division Divarty. As the post avoided major cuts in 2015, Fort Drum officials remain positive that 2016 will be a healthy year for one of region’s top economic sectors. Photo by Amanda Morrison, NNY Business.

OUTLOOK 2016 / MILITARY: A soldier salutes during the presentation of the colors last year in an activation ceremony for the 10th Mountain Division Divarty. As the post avoided major cuts in 2015, Fort Drum officials remain positive that 2016 will be a healthy year for one of region’s top economic sectors. Photo by Amanda Morrison, NNY Business.

Despite a few challenges, experts say the region is on pace for a positive year in 2016. Six sectors of the north country’s economy are ripe with opportunities for growth.

By Karee Magee, NNY Business

A grim fate cast a pall over the north country in early 2015, as federal budget sequestration threatened to cut up to 16,000 personnel from Fort Drum in an effort by the army to trim its active duty force from 490,000 to 450,000 by fiscal year 2017. [Read more…]

December 2015: Business Briefcase

ECONOMY

St. Lawrence County sales tax revenues down

Sales tax revenues in St. Lawrence County are continuing to decline compared with a year ago. [Read more…]

Developers say projects on track after Army spares Fort Drum major reductions

After learning that only 28 Fort Drum soldiers will be cut by the Army, developers planning projects in the Watertown area breathed a collective sigh of relief Thursday. [Read more…]