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The Troy Industrial Development Authority approved hiring Randy Coburn as deputy executive director for one year at $75 per hour for approximately 10 hours per week. It also approved $5,000 toward a New York Main Street grant project intended to revitalize the Lansingburgh business district.
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The staffing approval provides the IDA with part-time administrative support and policy work. The additional $5,000 fills a funding gap because the grant covers up to $15,000 in administration costs while the selected proposal was $20,000. The board did not take action on a proposed 12-townhome project at 625 7th Avenue, and said it would revisit a consultant agreement next month.
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