County to try new approach

AUBURN - Cayuga County's lead economic developer laid out plans for a future that may include an additional staff member or a collaboration with the city and others Wednesday.

The county would benefit from a more proactive approach to growth using the portfolio management model, Planning and Economic Development Director Stephen Lynch told members of the Planning Committee and city representatives. The model focuses on retention and expansion with the residual goal of attracting new business to a productive environment.

“Companies in the community are parts of the investment portfolio,” Lynch said, adding that like the personal finance version, it would require constant monitoring and updating.