November 8, 2020 Saratoga Partnership Receives $95,000 USDA Rural Business Development Grant to Support Next Wave Communities Economic Development Planning and Business Retention + Expansion Efforts
Funding helps support Community Economic Development Planning efforts while also focusing on retaining and growing small businesses throughout Saratoga County
Malta, NY – The Saratoga County Prosperity Partnership, a Saratoga County-based economic development organization, announced that it has received a $95,000 grant from the United States Department of Agriculture (USDA) Rural Business Development Program to support its Next Wave Communities Community Economic Development planning and business retention expansion efforts in communities throughout Saratoga County. The USDA is investing more than $1.2 Million in grant funding in rural New York to provide equipment, technical assistance, and training opportunities.
The Saratoga County Prosperity Partnership’s Next Wave Communities initiative offers communities a comprehensive and customized economic development plan designed to spur new vitality, promote future growth, and drive long-term economic growth. Guided by input from hundreds of citizens and community, business and government leaders, the blueprint outlines a strategic and tactical approach for attracting investment and jobs while retaining and growing existing businesses.
“Rural Development is proud to collaborate with small business, business development organizations as well as our educational partners in New York,” said USDA State Director of NY Richard Mayfield. “USDA has been working tirelessly to be a strong partner to rural NY in building stronger and healthier communities, because we know when rural America thrives, all of America thrives.”
“This funding will help us continue our work with Saratoga County communities to create smart and strategic economic development plans that will attract new investment, retain and grow our existing businesses while driving job creation.” said Saratoga County Prosperity Partnership President Shelby Schneider. “It is so important for our Towns, Cities, and Villages to harness their assets and resources to support future goals and aspirations. This planning process offers community and business leaders, and residents the opportunity to contribute to the economic prosperity in their community. The funds offered by USDA will support our efforts to implement these plans to ensure that our small businesses are well-positioned to meet today’s challenges and build a prosperous future.”
The Saratoga Partnership’s Next Wave Communities initiative involves creating tailored economic development plans for individual municipalities in Saratoga County. The Saratoga Partnership recently unveiled a plan for the Village of Ballston Spa and is actively working on plan implementation. Similar efforts are currently underway in the towns of Galway and Malta. The Saratoga Partnership is also working on similar economic development strategies with the Towns of Hadley, Day, Edinburg, and Corinth.
About the Saratoga County Prosperity Partnership
The Saratoga County Prosperity Partnership leads a host of critical economic and workforce development initiatives across the public and private sectors, driving economic success for residents, businesses and government in Saratoga County, New York. The Saratoga Partnership provides a point of contact for business retention and expansion, enabling a seamless delivery of programs and services for businesses seeking to grow, and spearheads semiconductor industry marketing and attraction, global trade assistance, community economic development, and data collection and planning. For more, visit us at saratogapartnership.org and on Twitter, Facebook and LinkedIn. The Saratoga County Prosperity Partnership is a member of the Saratoga County Economic Development Alliance, which includes the Saratoga Economic Development Corporation