Business Journal
10 Jun 2016, 01:46 GMT+10
The Schenectady County Legislature has asked the state to extend its economic development agency, the Metroplex Development Authority.
The Legislature asked New York lawmakers this week to raise the Metroplex's bond limit ' the amount it can sell in bonds ' to $100 million from $75 million and to push back the organization's end to 2038 from 2033, the Times Union reports.
A higher bond limit would allow the authority to borrow more money and provide additional grants for economic development...
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