Business View Magazine | November 2020

301 BUSINESS VIEW MAGAZINE NOVEMBER 2020 MONTGOMERY COUNTY , NEW YORK total amount of capital invested was $147 million. “In 2019, Dollar General built a $110-million facility right down the road at Florida Business Park,” says Rose. “And Amazon’s Last Mile facility is now open. The major story, and overarching theme of the Montgomery County Business Development Center, is that the 5S corridor actualises $5.1 million in annual tax revenue generated from companies operating in this sector. Those companies also employ over 2300 people.” During the course of 15 to 20 years, over 3.5 million square feet of building has taken place in that corridor; highlighting a highly effective public private partnership. When it comes to incentives used, the County also calls on its partners to leverage incentive opportunities. In the case of the 5S corridor, it was able to leverage money via the State of New York, in association with the power authority, to receive funding for electric and gas infrastructure that was necessary for the corridor’s development.