Developing Success in Fulton County
Meeting An Economic Challenge
The last half of the 1980s was a disparaging one for Fulton County. With the highest unemployment rate in the State of New York and seventh highest in the nation, the community was in dire need of help.
Fulton County Economic Development Corporation (FCEDC) was established by the private business sector of the area. Designed to possess the necessary tools to develop shovel-ready and state-of-the-art industrial parks, the necessary infrastructure and the monies to react to the needs of business, FCEDC was able to start developing a more positive future for the region.
EDC helped attract jobs and reinvigorate hope. In the late 1980’s, Crossroads Incubator Corporation was established to work as the real estate management arm of EDC. Working with Fulton County Industrial Development Agency, the Crossroads Industrial Park broke ground in Gloversville. By the 1990s, a beautiful rolling expanse of almost 200 acres – the Johnstown Industrial Park – was created to accommodate national corporations looking to site buildings with a large footprint. These two Parks quickly filled to near capacity.
In the late 1990’s, the County initiated plans for the Crossroads Business Park. Developed for high-tech businesses, this park contains smaller wooded lots and a hilltop with a view of the foothills of the Adirondacks.
Taking a Regional Approach
As the development dreams of Fulton County Economic Development Corporation’s Board of Directors were becoming manifest, the corporate structures of FCEDC and CIC underwent several changes. CIC’s growing real estate portfolio allowed the corporation to become an independent entity. They took on more challenging development projects, such as the renovation of a 1920’s era hotel – transforming it into The Johnstown Professional Office Complex in 2001. An abandoned school in downtown Gloversville saw new life in 2007 as Estee Commons Apartment Complex.
As the national economic climate began to change, the Boards of Directors of EDC and CIC looked to consolidate once more into one corporation. Negotiations began in 2009 and during the first quarter of 2012, Fulton County Center for Regional Growth (FCCRG) was born.
The Board of Directors of FCCRG is hopeful that their governance will reinvigorate the local business community as they work with local leaders on a regional level. This Board is populated by business leaders who are committed to the continued success of CRG as a corporation for the betterment of the citizens of Fulton County and surrounding communities.
FCCRG continues to provide loan funding to qualified small businesses; work with new or expanding businesses in the development of commercial property to suit their specific needs; and market the region on a national and international scale. CRG’s President and CEO is part of a regional marketing group that is working to cross county borders, bringing Fulton and Montgomery Counties together in an unprecedented way as they prepare for shared economic development success along their border.
Through partnerships with the public and private sectors, our accomplishments since the late 1980’s have included the construction or renovation of 46 buildings – a combined square footage of 2,447,379 – resulting in $120 million invested in our region.
To date, we have attracted such companies as Walmart’s Return Center and Northeast Distribution Center #6096, FAGE USA Dairy, Euphrates, Inc. and many other companies to secure more than 2,000 jobs.