Frequently Asked Questions

Q: What is the mission of the Schenectady Metroplex Development Authority?
A: Our mission is to enhance the long-term economic vitality and quality of life in Schenectady County. We do this through cooperative, purposeful actions and investments, with a particular emphasis on downtown.

Q: What types of activities does Metroplex do?
A: We can design, plan, finance, site, construct, administer, operate, manage, and maintain facilities within our service district.

Q: What kind of project aid is available?
A: Aid comes in several forms. We provide the grants and loans that are the traditional tools of development agencies. We also provide technical assistance and try to connect businesses with the resources and information they need to continue to grow their business in Schenectady County. Usually Metroplex assistance is matched by private financing on a matching basis with a larger share of project costs coming from private financing.

Q: Where do you get the funds?
A: Metroplex is funded through dedicated sales tax revenues, 70 percent of one-half of one percent of county sales tax.

Q: What areas do you serve?
A: Metroplex's original service district of 24 square miles stretches along Routes 5 and 7, which converge near the city's downtown. Several communities in the county have opted to join the authority, so that its territory has now expanded to about 84 square miles. Metroplex Boundaries Map

Q: Can I give some suggestions or voice concerns about any of the projects Metroplex is involved in?
A: Metroplex operates under the NYS Open Meetings Law, solicits public input, seeks consensus on all projects, and works in cooperation with Schenectady County and the City of Schenectady, often partnering with them on major capital projects.

Q: Where can I get more financial information on the Metroplex and its projects?
December 31, 2008 and 2007 Financial Statements
Public Authority Reporting Page
A: You can get more information by calling us at (518) 377-1109, or by fax at (518) 382-2575. You can also send us a request by clicking here,  and we will mail you information.

Q: What kind of credit rating does Metroplex have?
A: Metroplex has investment grade credit ratings from three of Wall Street's leading firms. We received an "A" rating from both Standard and Poor and Fitch, and the prestigious "A2" rating from Moody's.

Q: How can I get in touch with someone at Metroplex?
A: You can contact us by calling (518) 377-1109, or click here to send us an email.