4. “More than most regions of the
country, Saratoga County is the
beneficiary of major capital investment,
strong and vibrant communities, and a
diverse economy that provides
opportunities in tourism, agriculture,
and technology.
It was also felt, however, that recent
successes have not been capitalized .
There was a growing sense that
Saratoga County was not positioned
for the next wave of opportunity. “
5. Mission of the Partnership
The mission of the Saratoga County
Prosperity Partnership shall be to
secure sustainable jobs and capital
investment by attracting new
business to the County and
retaining existing businesses by
assisting them to grow.
6. Economic Development
“Circle of Life” Sustainable jobs
Disposable Income
Demand for
Retail/Services
Generates Sales Tax
and other Revenue
Creates superior
“Quality of Place”
Attracts new
business, generates
new local business
8. • There are a bunch of us!
• We’re smart!
• We’re making more money!
• Gimme shelter! We’re building homes.
• Most of us are working!
• You can be anything you want to be when
you grow up!
Saratoga County Themes
10. Source: U.S. Census Bureau
SARATOGA COUNTY Population Growth
2010
219,607
2017
229,869
4.5% growth
10,262 people
11. SARATOGA COUNTY
Population Migration
2010 - 2017
International Migration 4,458
Domestic Migration 5,804
The only other county statewide to see growth among
both categories was Ontario County
12. Source: Times Union
NEW YORK
Population Change
2010 - 2017
Saratoga County has seen the highest
increase in population in the Capital Region
and one of the highest in New York State
46 of 62 New York Counties have declined
in population since 2010
Blue – Population Growth
Orange – Population Loss
13. Population relative to surrounding area
227,053
308,846
160,070 154,553
64,567 61,800
Saratoga County Albany County Rensselaer County Schenectady County Warren County Washington County
Population by County
Source: U.S. Census Bureau
14. Population relative to regions in NYS
Source: U.S. Census Bureau
881,839
295,568 299,397
656,510
1,078,879
1,132,804
Capital Region Fishkill IBM Marcy Nanotech Syracuse White Pines Rochester Metro Area Buffalo Region
Population for Semiconductor Regions
15. Population relative to regions in US
Source: U.S. Census Bureau
881,839
1,148,176
564,088
4,088,549
664,422
Albany, Schenectady, Troy Austin, Texas Hillsboro, Oregon Chandler, Arizona Boise, Idaho Treasure Valley
Population for Semiconductor Regions
17. Saratoga County Educational Attainment
• 94% High school degree
• 39.6% Bachelors degree
• 17% Post-graduate degree
Adults with a Bachelor's degree or
higher have risen 2.5% over the last year
and 11.9% over the last 5 years
Source: Center for Economic Growth & Censusreporter.org
18. Educational Attainment
Source: Center for Economic Growth
& Censusreporter.org
94%
93%
91%
90%
91%
89%
86%
87%
88%
89%
90%
91%
92%
93%
94%
95%
Saratoga County Albany County Rensselaer County Schenectady County Warren County Washington County
High School Diploma
Saratoga County Albany County Rensselaer County
Schenectady County Warren County Washington County
19. Educational Attainment
Source: Center for Economic Growth
& Censusreporter.org
40% 40%
29%
31%
28%
20%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Saratoga County Albany County Rensselaer County Schenectady County Warren County Washington County
Bachelor’s Degree
Saratoga County Albany County Rensselaer County
Schenectady County Warren County Washington County
20. Educational Attainment
Source: Center for Economic Growth
& Censusreporter.org
17%
19%
12%
14%
13%
8%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
Saratoga County Albany County Rensselaer County Schenectady County Warren County Washington County
Post Graduate Degree
Saratoga County Albany County Rensselaer County
Schenectady County Warren County Washington County
21. Educational Attainment
Source: Community Survey
94%
88% 88%
92% 94%
40%
46%
36%
41% 39%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Saratoga County Austin, Texas Hillsboro, Oregon Chandler, Arizona Boise Idaho
Saratoga County vs. Semiconductor Regions
High School Diploma Bachelor's Degree
23. Saratoga County Household Income
•$74,080 – Median Household
Income
•Increased 14.5% since 2010
•Increased 3.6% 2017 - 2018
Source: American Community Survey estimates 2016 &
Federal Reserve Bank of St. Louis (FRED
24. 65,100
67,186
67,712
69,826 70,581 71,496
74,080
55,603
56,951
57,683 58,003 58,687 59,296
60,741
51,914 52,762 53,046 53,046 53,482 53,889
55,322
40,000
45,000
50,000
55,000
60,000
65,000
70,000
75,000
80,000
2010 2011 2012 2013 2014 2015 2016
Saratoga County compared to NYS and US
Saratoga New York USA
Median Household Income
14.5% Increase since 2010
Source: American Community Survey estimates
2016 & Federal Reserve Bank of St. Louis
25. Median Household Income
$44,455 $46,090
$63,216
$65,707
$59,959 $61,754 $60,904
$74,080
Montgomery
County
Fulton County Washington
County
Warren County Schenectady
County
Rensselaer County Albany County Saratoga County
Saratoga County compared to neighboring counties
Source: 2016 Community Survey
26. Median Household Income
Source: 2016 Community Survey
$81,130
$63,326
$52,349
$58,681
$43,638
$58,182 $60,977
$97,000
$73,661
Town of Wilton Town of Moreau Town of Corinth Village of
Ballston Spa
City of
Mechanicville
Village of
Schuylerville
Town of
Waterford
Town of Clifton
Park
City of Saratoga
Springs
Saratoga County communities
28. Housing Permits
• Saratoga County: 853 - 2016
• Single family permits: 750
• Multiple family units (5+): 37
• Albany, Schenectady, Troy MSA: 2,455
• Single family permits: 1,200
• Multiple family units (5+): 1,014
Source: CDRPC
29. Housing – Single Family Permits
655
341
116
79
598
369
134 134
693
296
106
72
750
395
131
76
0
100
200
300
400
500
600
700
800
Saratoga County Albany County Rensselaer County Schenectady County
2013 2014 2015 2016
Saratoga County + Capital Region Communities 4 - year period
30. Value of Housing Permits
Source: CDRPC
$209.70
$177.50
$32.20
$198.60
$160.70
$37.90
$280.40
$179.20
$101.20
$278.70
$218.20
$60.50
$0.00
$50.00
$100.00
$150.00
$200.00
$250.00
$300.00
Total housing value Single-family housing value Multi-family housing value
Saratoga County permits over 4-year period
2013 2014 2015 2016* In millions
33. Employment
• February 2018 unemployment is 5%
• USA Unemployment is 4.1%
• NYS Unemployment (February 2018) = 4.6%
• Albany, Schenectady, Troy MSA: 5%
• Saratoga County Labor Force Participation Rate is 67.2%
Source: U.S. Census Bureau, American Community Survey, & State Labor Department January 2018 Area Unemployment Rates
34. Annual Unemployment 2016
3.6%
3.8%
5.0%
4.4%
4.7% 4.8%
5.0%
4.8% 4.9%
Saratoga
County
Warren County Albany-
Schenectady
County
Rensselaer
County
United States NY State Montgomery
County
Fulton County Washington
County
Saratoga vs. Neighboring Counties
Source: 2016 Community Survey
37. Labor Force Participation Rate 2016
67%
63% 64%
Saratoga County NY State United States
Saratoga compared to State + Nation
Source: 2016 Community Survey
38. Labor Force Participation Rate 2016
60% 60% 61% 63% 64% 65% 66% 67%
Fulton County Montgomery
County
Washington County Warren County Schenectady County Albany County Rensselaer County Saratoga County
Saratoga vs. Neighboring Counties
Source: 2016 Community Survey
44. • This past month, we surveyed local
business owners
• We asked about a variety of measures
including:
• Sales
• Adding additional employees
• Business costs
• Concerns about our local economy
Local Economic Pulse
55. Source: SCPP Economic Index Community SurveyRespondents: 131
33%
16%
8% 8%
6% 6%
4%
2%
16%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
Saratoga County
Biggest Concerns About Saratoga County Economy
Attracting Talent/Workers Regulatory Issues
Cost of Living Affordable Housing
Utility Costs Local Taxes
Surplus of Living Wage Jobs Preservation of Oen Space
Other
Last May we asked this:
Thinking about Saratoga County’s local economy, what is your biggest overall concern?