AIDA jobs report shows value of city-based economic development efforts

City of Amsterdam businesses created 78 new jobs and retained 153 jobs with the help of the Amsterdam Industrial Development Agency over the past twelve months, according to a report Director Jody Zakrevsky presented at July’s board meeting. According to Zakrevsky, all the businesses exceeded the number of jobs they were expected to create.

The following is a summary of the various grants secured by AIDA for city businesses between July 1, 2016 and June 30, 2017, and the jobs associated with them.

  • Embassy Millworks – Small Cities grant for $205,000. Seven new jobs were created.

  • GIANT Solutions – Small Cities Grant for $50,000, NYS ESD grant for $50,000. Nine jobs were retained. The company currently employs 17, which is an increase of eight jobs.

  • Vida Blend – Small Cities grant for $28,000. 14 new jobs were created.

  • Mohawk Fabric – Small Cities grant for $100,000, NYS ESD grant for $40,000. The company retained 10 jobs and currently employs 19, which is an increase of nine employees.

  • Beckmann’s Converting – Small Cities grant for $68,000. The company retained 4 jobs and currently employs 28 which is an increase of four employees.

AIDA also worked with Noteworthy to secure a Payment in Lieu of Taxes agreement that helped the company retain 130 jobs. The company currently employs 166 which is an increase of 36 employees.

Other grant programs the agency is currently working on include:

  • A $500,000 NYS ESD grant secured by AIDA for electrical upgrades to the Edson Street Industrial Park.

  • A $500,000 Restore NY grant for Cranesville Properties secured by AIDA to develop the former Wrestling Hall of Fame building on Main Street.

  • Administering a $200,000 Micro-Enterprise grant secured by Montgomery County which will be distributed to local small businesses in September.

  • Administering a $500,000 NYS DHCR Main Street grant secured by Montgomery County to create a business incubator program at the Clock Tower building.

  • Secured a $750,000 Small Cities grant for the The Sentinel assisted living community to purchase new equipment.

Tim Becker

Tim Becker is the owner of Anthem Websites Inc. which publishes The Compass. He serves as both editor and a writer.