Saratoga, New York Gets Funds for New Tech Campus

The Empire State Economic Development Corp. has loaned the Saratoga Economic Development Corp. $5.6 million to buy 164 acres in Malta.

The acres are part of the SEDC's plans to create the Luther Forest Technology Campus. The campus received zoning approval from the Malta town board on May 18.

Empire State Development approved the loan the day after the Malta vote. Empire State Development said Saratoga Economic Development would pay no less than 4 percent interest on the five-year loan.

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