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Economic development plan to be drafted for Malta

Economic development plan to be drafted for Malta

MALTA — The Saratoga County Prosperity Partnership will help create an economic development plan for the town of Malta.

It is part of the Next Wave Communities initiative by the Saratoga County-based economic development agency, which has similar efforts underway in the towns of Moreau and Galway.

Malta has experienced rapid and extensive growth in recent decades, including in its portion of Luther Forest, where ground was broken in 2009 for the GlobalFoundries computer chip factory that now employs more than 3,000 people.

The process of developing the plan will include a survey of the community’s vision, meetings to gather input on the town’s economic development needs, mapping out the town’s economic development assets, and presentation of three-, five- and 10-year economic development scenarios.

When it’s complete, the written plan will include a vision, goals, objectives, opportunities for collaboration, a link to resources and next steps to take. 

The Prosperity Partnership and the town will then collaborate to implement the plan.

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