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Saratoga County committee to keep $10,000 cap on 2024 economic development grants, vote moves funds from reserve
Summary
The Saratoga County Economic Development Committee on July 2 voted to maintain the full $10,000 award for each 2024 economic development grant application and to use the county's economic development reserve to cover the approximately $40,000 difference between requests and this year's budget.
The Saratoga County Economic Development Committee on Wednesday voted to keep the full $10,000 award for each 2024 economic development (ED) grant application and to transfer roughly $40,000 from the county's economic development reserve account to cover the shortfall between applications and the annual ED budget.
The decision followed a presentation by Mister Kemper, who said the county received applications from 19 municipalities requesting about $190,000 while the approved ED grants budget…
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