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CRG working on dissolving EDC

April 3, 2013
By MICHAEL ANICH , The Leader Herald

JOHNSTOWN - The Fulton County Center for Regional Growth is still working to dissolve the Fulton County Economic Development Corp., but no timeline has been set for completion of that move.

CRG President and Chief Executive Officer Michael Reese recently reported to his board of directors plans are still in place to dissolve the EDC, one of the CRG's companies. The CRG is parent company of two longtime, local affiliated economic development corporations - the EDC and Crossroads Incubator Corp.

The CRG and Fulton County government in October announced future plans for the agency, which include dissolving both the EDC and CIC.

"We're working with an attorney to transfer assets to the CRG and close down the EDC," Reese told his board.

But he said no timeline has been set to accomplish the dissolution of the CRG's corporations.

Reese told his board he could have an attorney attend the next CRG board meeting May 2 to give a status report on the situation.

He also reported the CRG's marketing firm - Saratoga Springs-based Shannon-Rose Design - has begun posting blogs for the CRG. The CRG also has a Facebook page, which also directs internet users to the new CRG website - fccrg.org.

Board Chairman Dustin Swanger said the CRG needs help marketing Fulton County's two cities.

Reese also reported he will be following up with contacts from a real estate executive forum he recently attended in South Carolina.

Estee use

In his Audit and Finance Committee report, committee Chairman Ronald Olinsky said his panel reviewed rentals at Estee Commons in Gloversville. He said the housing complex owned by the CRG has a 72 percent occupancy rate.

"It's much better than it has been in the last few months," Olinsky said.

Michael Anich covers Johnstown and Fulton County news. He can be reached at manich@leaderherald.com.

 
 

 

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