Adirondack Frontier: October Watch
Land banks are non-profit corporations with special powers to help communities fight blight and improve housing. For example, land banks can receive tax-foreclosed properties from a municipality and insure that they are only sold to responsible buyers. There are 26 land banks across New York and they are proven to help communities address zombie properties, increase housing, and improve neighborhoods.
FCEDC was pleased to assist Franklin County with its recently submitted application to New York State to create the Franklin County Land Bank. The County Legislature recognizes that a land bank can be a great tool for combating blight in our communities and adding to the affordable housing supply.
FCEDC was happy to assist with this effort because housing IS economic development. When our businesses can’t hire or retain workers because of the lack of housing options we must all work together to find solutions.
Read more about our work here.
FCEDC Director of Economic Development, Russ Kinyon, along with Rachel Karp, Saranac Lake Chamber of Commerce Executive Director, hosted a workshop at The Carry in Saranac Lake focused on what business owners should know and consider when selling a business.
It is critical to be thoroughly prepared for that process well in advance, and we are here to help you with resources to make your business transition successful.
More information on the Center for Businesses in Transition can be found at ownanorthcountrybusiness.com/.
The Adirondack Regional Trail Association recently held an informational session about the planned Adirondack Rail Trail. The Adirondack Rail Trail is a 34 mile 4-season multi-use trail between Lake Placid and Tupper Lake.
25 miles of the trail are within Franklin County, and it is one of the largest infrastructure projects Franklin County has seen in decades!
The trail will have a significant economic impact in the region. FCEDC is committed to assisting businesses and communities leverage visitor traffic to increase business and improve quality of life for our residents.
Learn more here.
The Villages of Tupper Lake, Malone, and Saranac Lake all submitted Restore New York applications that would support transformative revitalization projects. Good luck to them all!