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…]

Riverside Iron in Gouverneur preparing for production

Eric S. Tessmer, who recently purchased Riverside Iron in Gouverneur, stands in front of his Gouverneur business, which he plans to rekindle. Jason Hunter / NNY Business

Eric S. Tessmer, who recently purchased Riverside Iron in Gouverneur, stands in front of his Gouverneur business, which he plans to rekindle. Jason Hunter / NNY Business

Riverside Iron is poised to reopen to manufacture miscellaneous and ornamental steel, bringing the potential of more than a dozen jobs.

Eric S. Tessmer closed on the purchase of the business Friday from Duane Winters, who is providing $350,000 in financing.

A native of Gouverneur, Mr. Tessmer has watched the zinc and talc industries fade, along with General Motors in Massena.

“It’s sad to see those jobs go,” he said.

But he is glad to bring back what he can. [Read more…]