The Trails to Economic Upswing

AMANDA MORRISON / NNY BUSINESS
Lynette Lundy-Beck stands near the Seaway Trail in Chaumont where a new informational kiosk about the trail and the village of Chaumont was placed recently.

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Flux in Canadian dollar impacts NNY economy

STEPHEN SWOFFORD / NNY BUSINESS
Gary DeYoung, executive director of the Thousand Islands International Tourism Council, stands in front of the Thousand Islands Bridge.

Despite exchange rate IMbalance between U.S. and Canadian dollar businesses maintain vision towards continued economic partnership

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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…]

Lewis County kicks off economic development marketing plan

Lewis County has kicked off its “Naturally Lewis” economic development marketing plan, complete with a new logo. [Read more…]

Contract provision putting a wrinkle in Woolworth restoration plans

Could a stipulation involving some needed property for the Woolworth building project put a wrinkle in getting its restoration to move forward?

The Watertown City Council will be asked tonight to eliminate a provision requiring the so-called Iron Block/Woodruff II property to revert to the city if the developers fail to proceed with the $15.4 million project within three years.

Developers David Gallo and Erich H. Seber plan to convert the Public Square landmark into 50 apartments on the upper floors and commercial space on the ground floor. They want the green space between Cam’s New York Pizza and the Woodruff Professional Building where the Iron Block once stood for tenant parking. [Read more…]

Businessman submits plan for 10,500-square-foot multi-tenant building in LeRay

Ferris

Businessman Robert D. “Bobby” Ferris submitted a site plan to the LeRay Planning Board for a 10,500-square-foot multi-tenant building off Route 11, featuring a store selling items similar to those sold at Big Apple Music, which he owns off Arsenal Street in Watertown.

The proposed building would be located on a two-acre parcel north of Freedom Plaza, on the west side of the highway off the southbound lane. To the immediate south of the building will be an AutoZone built on land owned by West Carthage developer Michael L. Lundy. Mr. Lundy’s construction firm, Lunco Corp., plans to build Mr. Ferris’s structure and the AutoZone in the fall, finishing construction by December, Mr. Ferris said. The Planning Board will review the site plan Thursday. [Read more…]

California developer plans to submit townhouses proposal in LeRay

A development with 150-plus rental townhouses will be built off Route 11 outside Fort Drum if LeRay town officials approve a California developer’s plan.

The Common at Fleming’s Farm may be built on the parcel north of Eagle Ridge Village. Fidelity American Holdings Corp. bought 347 acres of property for development in 2005, but it now has the pieces in place to move forward with its project, said principal Linda W. Luther. [Read more…]

Regional EDC goes two for two

Gov. Andrew M. Cuomo has named the North Country Regional Economic Development Council a top performer for the second time in two years, garnering $90.2 million in financial aid for the north country. Since 2011, when the governor created 10 regional councils to competitively distribute state monies to priority projects the councils identified, the north country has been a top performer each year. The north country’s success has been its ability to implement its strategic plan effectively by identifying projects that are ready to go. Projects funded through this round are no different. [Read more…]

Corporate park plan at Watertown airport gains momentum

Local government leaders have mulled launching a corporate business park at the Watertown International Airport near Dexter since 2006, to be located on 45 acres of land owned by the Jefferson County Industrial Development Agency east of the airport’s taxiway.

Now, after years of inaction, they hope to start work in earnest by purchasing additional property and developing a business plan. [Read more…]