Glenville’s business loan group fires up

Town LDC looking to fill several open seats, begin giving loans next year

— The Corporation is being formed in the wake of the state’s disapproval of having several different economic development agencies throughout the county. Rotterdam’s Industrial Development Agency was ordered disbanded in late 2011 because it held no outstanding bonds.

“We are well aware of the increased scrutiny that these organization are rightfully coming under from the Comptroller’s Office,” Martin said. “We are well aware of across the state where there have been instances of abuse.”

The goal of the group is to increase the commercial tax base of the town, which is much lower than in surrounding communities, and to attract new jobs.

“In Schenectady County the type of land uses that are bearing the burden of taxes are the residential taxpayers,” Martin said. “What we need to have happening in this county, in this town, we need industrial and commercial land uses … pulling their optimal weight.”

Besides the two open LDC Board of Directors seats, there are several committee positions open. Board members must be a town of village resident, but committee chairs can be non-residents. Committee members will participate in governance, loan review, or business development and recruitment.

Applications must be submitted electronically to Town Director of Operations James MacFarland at jmacfarland@townofglenville.org by Friday, Nov. 30. Applications should include a cover letter and a personal resume. Interviews are planned to begin in December.

All positions are voluntary, with no compensation or reimbursement. Interested applicants may review the By-Laws and organizational documents to help determine their participation or type of position to seek.

“We cannot thank the (Town) Board enough for having the vision to do this,” Martin said. “This public money, this is taxpayer money, and we are very, very cognizant of that.”

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