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…]

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…]

Study outlines 5-year strategy to boost St. Lawrence County’s economy

Matt Warren, right, a customer support representative for Frazer Computing, Inc. provides phone support Wednesday at Frazer Computing, Inc., 6196 US-11 in Canton. Also pictured is Mike Burnett, left, also a customer support representative. Photo by Jason Hunter, Watertown Daily Times.

Matt Warren, right, and Mike Burnett provide customer phone support Wednesday at Frazer Computing Inc., Route 11, Canton. A five-year plan compiled for the New York Power Authority recommends small business growth among ways to boost St. Lawrence County’s economy. Photo by Jason Hunter, Watertown Daily Times.

CANTON — A $4 million economic development study just released by the New York Power Authority lays out a five-year strategy for reversing St. Lawrence County’s stagnant economy. [Read more…]