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Albany EDC not rushing new hire

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April 15, 2008

Albany -- The Albany Dougherty Economic Development Commission paid former President Tim Martin more than $82, 600 to complete his severance pay after his resignation last month.

 Tuesday the commission approved their new budget for the new fiscal year, for $750,000. That is reduced from last year's $900,000 annual budget, with much of the difference consulting contracts that are paid off.

Interim President Robert McKinney said the board is in no hurry to hire a new President. McKinney said "we're going to work with staff that we've got. Very talented group of people. We're going to utilize their services, and continue to move their training along. And just see what it looks like out there."

McKinney said it would likely be six months before the Economic Development Commission begins to search for a new President.

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