ARCC Board Names Tricia Rogers As President And Chief Executive Officer
Adiondack Winery Expands With A New Tasting Room Facility In Queensbury
Tricia Rogers is the new Adirondack Regional Chamber of Commerce president and CEO. Courtesy ARCC Water Slide World acreage in Lake George was sold to developer Rich Schermerhorn. Glens Falls Business Jouranl
BY JILL NAGY Morcon, a paper products company in Eagle Bridge, plans a major expansion of its facility.Company president Joe Raccula expects to have the final piece of the puzzle in place by the end of the month when the WarenWashington Industrial Development Agency (IDA) os expected to approve the company’s application for a tax abatement package.Thetotal cost of the project is budgeted at $15 million. To help pay that bill, the company is seek ing some $744,000 in sales tax exemptions and $119,000 in mortgage tax exemptions. Preliminary work, like moving fiber optic lines, has already begun. The IDA has been “extremely supportive” throughout a two-year planning process, Raccula said. That support influenced the decision to expand in Eagle Bridge rather than at the company’s much larger facility in South Carolina, he noted. Morcon manufactures paper towels, napkins, and facial tissue. They buy rolls of paper from factories all over North America and turn the paper into the finished prod ucts.The planned expansion would be in two phases. First, they will add 15,000 square feet of manufacturing space and bring in a $3.5 million state-of-the-art napkin folding machine. If, as planned, work begins in early September, the target date for completion of Phase 1 is April of 2023. The second phase will be construction of a
Morcon Paper Company Plans $15 Million Expansion At Its Facility In Eagle Bridge
Winery, with locations in Lake George and Queensbury, produces 35 varieties of wine from New York state grapes, most of them from the Finger Lakes region. In addition to many standard wine varieties, they special ize in fruit-infused wines.
BY JILL NAGY Adirondack Winery has opened a new tast ing room and event space in Queensbury at 395 Big Bay AdirondackRoad.
Courtesy Morcon
This is the new tasting room for Adirondack Winery in Queensbury. The room can host private events of up to 85 people for various types of meetings or events. The planned expansion at Morcon in Eagle Bridge will happen in two phases and include adding 15,000 square feet of manufacturing space for a $3.5 million napkin folding machine.
Tricia Rogers is the new president and CEO of the Adirondack Regional Chamber of Commerce (ARCC), the board of directors announced on Aug.The1. appointment is effective immediately.
The announcement was made after a monthslong search following the retirement of previous ARCC president Michael Bittel. “On behalf of the ARCC board of directors, I am extremely excited to share the news that we have promoted Tricia Rogers to the position of president and CEO,” said Marc Monahan, said ARCC board chair and regional executive vice president of NBT Bank. “After an extensive search process by the ex ecutive team and board of directors, we came to a unanimous decision to select Tricia to lead our organization. The passion and dedication Tricia has for both ARCC members and our community clearly set her apart from the other candidates during the process. We are looking forward to her stepping in to the role of CEO immediately and are excited to support her in this transition,” he Rogerssaid. began her relationship with the ARCC as an ambassador in her early career, and took on the role of membership manager in 2016. She has since worked closely with ARCC members, and the greater business community, on building relationships, promoting growth, and support ing the community in volunteer positions.
Sasha Pardy and her husband and co-owner, Michael Pardy, opened their first winery in 2008 at 285 Canada St. in Lake George. That year, Pardy and his father produced 1,000 cases of wine, using a 1,000-square-foot space at the back of the tasting room. They quickly sold out and had to supplement with wines from other New York state wineries. Three years later, they moved their wine-making operation to their location in Queensbury and they also renovated and enlarged the Lake George tasting room. Pardy estimated that more than 60,000 people visit that tasting room each year. The winery added Brad Casacci to its staff, promoting him to winemaker in 2021. The Pardys also developed an online sales capacity and began shipping their wine to 35 states.“We are now in a position to reach the thousands of customers who visited us in Lake George each year, more than the one time they visit us on vacation: we can ship to them, they can find it in a store near them,” Pardy said. When the pandemic hit, the Pardys piv oted to curbside pick-up, polished up their e-commerce and shipping operations, and
Water Slide World In Lake George Is Sold To Developer; Apartments Are Anticipated BY R.J. DELUKE Schermerhorn Real Estate Holdings in Queensbury has purchased the former Water Slide World amusement park property in Lake George for a reported $3 million. A document was filed July 27 in Warren County, signed by Dawn Koncikowski, who op erated the amusement park with her husband Gary until he died in May 2018. The 12-acre park has been dormant since 2018.It is located at the corner of routes 9 and 9L along the southern entrance to the Lake George village. Rich Schermerhorn, an active developoer of apartment complexes in the area, was repre sented by the firm of Bartlett Pontiff Stewart & Rhodes PC in Glens Falls. Schermerhorn did not respond to requests forHecomment.envisions a mixed-use project with professional offices, some retail and some apartments, according to media reports. In 2008, the amusement park was listed for sale for $6 million. About a decade later, the owners of Waterslide World asked to have the property included a proposed economic devel opment plan for Lake George that envisioned a year-round community with more commercial and residential development, according to Danial Barusch, director of planning and zon ing for the Town of Lake George.
GBJ 9 Broad Street #7 Glens Falls, NY 12801 U.S.PRSRTSTDPOSTAGE PAID GLENS FALLS, NY PERMIT12801#600 VOL. 34 NO. 06 HH The Business Newspaper of Warren and Washington Counties HH AUGUST 2022 www.glensfallsbusinessjournal.com Continued On Page 16 Continued On Page 16 Continued On Page 6Continued On Page 15
The board of directors for the Dake Foundation for Children announced a new executive director, Sarah Burns She brings more than 15 years of non-profit experience to the foundation, and her leadership has resulted in hundreds of thousands of dollars raised for organizations across the upstate region, the company said..For more than a decade, The Dake Foundation for Children has been helping local children with physical disabilities have more fun and independence. Founder Gary Dake, president of Stewart’s Shops, realized that health insurance would fund “medical necessities” but would not approve recreational equipment or activities, and he vowed to work to close that gap. Since then, the foundation has helped connect more than 330 children with adaptive bikes, tricycles, swings, strollers, and communication tools that allow them to have the fun, carefree experiences that every child deserves.
* * SUNY* Empire State College hired Julieta (Julie) Majak as vice president for administration and finance position based in Saratoga Springs.Majak will serve as SUNY Empire’s senior business and financial officer, responsible for overseeing development of policies, procedures, and controls to ensure sound management of the college’s financial, human, technology, and physical resources. She will also serve as treasurer of the Empire State College Foundation board. She served as assistant vice president for administration and campus controller at SUNY New Paltz, where she oversaw the college’s fiscal operations, including procurement and contracting, accounting services, accounts payable, internal controls, facilities finance and administration, and riskInmanagement.her29years at SUNY New Paltz, Majak served in progressively senior roles within the division of finance and administration, from associate director of telecommunications and administrative services to director of administrative services and assistant vice president for research administration.Sheearnedabachelor’s degree in marketing and management from Siena College and a master’s degree in educational administration from SUNY New Paltz. She also completed the SUNY and Cornell University School of Industrial and Labor Relations Leadership Development Program, and she served as the 2021 Fellow for the SUNY Hispanic Leadership Institute.
* * * Saratoga Hospital has named Lisa West administrative director of emergency and urgent care services, responsible for operations at the hospital’s Alfred Z. Solomon Emergency Center and urgent care centers in Wilton and Queensbury. She also oversees operations at Malta Med Emergent Care, where she previously served as site administrator.West,ofClifton Park, has more than 30 years of nursing experience and has held leadership positions in emergency services, case management, inpatient nursing and long-term care. A registered nurse, West holds a master’s degree in nursing, with a specialization in leadership and management, from Walden University in Minnesota. She is pursuing a doctorate in nursing practice from Chamberlain University in Illinois. West is a member of the Emergency Nurses Association, American Nurses Association and American Organization for Nursing Leadership. In addition, she is on the advisory board of the Center for Donation and Transplant, serving upstate New York and western Vermont. Briefs
Courtesy Sanding & Handyman Solutions LLC
Sanding & Handyman Solutions Specializes In Working With Wood Surfaces Of All Kinds
• • Personnel
It was through the sanding business that Thorne connected with a contractor who does house flipping in the Albany area. The man needed help with some of the jobs and enlisted Thorne for help. “When I started working with him, I was able to re-hone my skills from years ago—doing full remodels, building decks, and other basic handyman services,” he said. “In my past employment, I was a salesman for an abrasives company, but prior to that, I did all sort of construction work.”
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Christine now handles all of the business at Sanding Solutions so that Thorne can devote himself full-time to Remodeling and ContractingThSolutions.roneaccepts jobs as far south as Ballston Spa and as far north as Diamond Point. He will
BY CHRISTINE GRAF
In August 2021, Throne decided to establish his own handyman/contracting business, Remodeling and Contracting Solutions. Through that company, he offers a variety of services including complete remodels, deck builds, deck refinishing, pressure washing, floating floor installation, bathroom remodels, window tinting, and basic plumbing and electrical. Although he does most of the work himself, for bigger projects, he hires subcontractors. For example, he typically subcontracts sheet rock and taping. He also does not do any sort of in-depth plumbing or electrical work. “I do a mixture of handyman services and general contracting,” he said. I’m certified in gas work, so I can run gas lines to houses, barbecues, and things like that.”
In addition to sanding both new and old cabinet doors, Sanding & Handyman Solutions LLC, a Queensbury-based company, sands entry doors, new and old molding, hardwood floors, barn board, and a variety of other materials. The company, established by husband and wife Mike and Christine Thorne, does not offer any type of painting or finishing services. “We started by selling brush sanding equipment, and we now use that equipment to sand cabinet door,” said Mike Thorne. “People bring their doors to us after they clean them, and we sand them down. The doors are then ready for primer and paint.”
Christine and Mike Thorne are the owners/operators of Sanding & Handyman Solutions LLC, based in Queensbury, which sands entry doors, new and old molding, hardwood floors and more.
PROUDLY REPRESENTING THE WASHINGTON COUNTY BUSINESS COMMUNITY We take care of you so you can take care of business! The Washington County LDC is an equal opportunity leader, provider and employer. Washington County Local Development Corporation County Municipal Center 383 Broadway, Fort Edward, NY 518-746-2292 • info@wcldc.org • Loan programs for possible financing • Business training programs • Start up, expansion and relocation assistance • Commercial shovel-ready site information Visit us WCLDC.orgat Like us Facebookon Continued On Page 3
The Open Door Mission has named an interim executive director to implement the mission’s next phase of Jamiegrowth.Munyon was selected as interim execu tive director. He has been with the Mission since 2016, currently serving as program director and previously serving as director of shelter services. Previous executive director Dean Brown has stepped down and back into ministry at his local church.Since 2016, Open Door Mission has embarked on an aggressive campaign to extend programs to the homeless and those impoverished serving Warren, Washington and Northern Saratoga Counties.Current projects nearing completion include the 52 bed men’s shelter and the Life Path Program floor. The increase in beds will allow the Mission to accept more people into the Life Path Program, officialsOfficialssaid.said Munyon is one of the driving forces behind Open Door Mission’s Life Path Program which is a program designed to bridge the gap from homelessness to self-sustaining and balanced lives. The program follows eight steps: safe, sober, stable, schooled, skilled, secure, settled and serving. The classes and services offered fol low residents from their entry into the Mission through the point where they are housed and able to give back to the community. He is a SUNY Plattsburgh graduate with a B.S. in psychology and an A.A.S. in criminal justice and substance abuse. “We are very pleased to appoint Jamie to serve as the Mission’s interim leader while we launch a formal search for an Executive Director,” said Jeff Purner, chair of the Open Door Mission board of directors.Inaddition to Munyon’s appointment, the Mission announced the appointment of Ryan VanAmburgh to the board of directors. Van Amburgh has been working with the Mis sion since 2018 as a development consultant and joined the board of directors earlier this year.
Open Door Mission Selects Jamie Munyon As Interim Executive Director, Replacing Brown
Jamie Munyon has been with the Open Door Mission since 2016. Courtesy Open Door Mission
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DIGITAL MARKETING AGENCY PLAN NOW FOR A FALLSUCCESSFUL&WINTERSEASON. Now is the perfect time to get ahead of the competition and put a strategic plan in place. Contact Valleri James 518-935-3209Valleri@MannixMarketing com READY TO GROW YOUR BUSINESS? Mannnix Ad for SS SBJ & GFBJ.indd 1 12/15/20 2:32 PM Sanding Solutions Continued From Page 2 consider traveling farther depending on the job. “Most of the stuff that I do is smaller stuff--a day or two job. Very rarely do I get a job that takes a week or two ... I kind of found my niche because the big contractors don’t want to take on the small jobs. For small jobs, I’m that guy. I basically do what every wife asks her husband to do. What takes him three months only takes me a few days, but my wife will tell you that since I started this, everything takes me longer to do at home.”Thorne is fully insured and offers free esti mates. Although he is on the Thumbtack app, he prefers to book jobs directly through his web site. For more information, visit www.sandingso lutionsny.com
United Ag & Turf opened this new state-of-the-art facility on Route 29 in Greenwich that sells John Deere, Stihl, Honda and other products.
GLENS FALLS BUSINESS JOURNAL • AUGUST 2022 • 3
Facility In Greenwhich Sells John Deere Equipment And Related Support Products
Courtesy United Ag & Turf
United Ag & Turf has opened a new stateof-the-art facility in Greenwich for selling its John Deere, Stihl, Honda and other products that support residential and commercial landscaping, compact construction equip ment needs, and area farms. The facility replaces the Schaghticoke building that served as a John Deere dealer ship for over 40 years. The 25,200-square-foot building, located at 217 Route 29 in Greenwich, sits directly next to the Washington County Fairgrounds. It is a full-service store featuring an 11,500-square-foot service department, with 6,000 square feet of warehouse space and a showroom. Munter Enterprises of Middle Grove was the general contractor. “We are extremely excited to have the opportunity to not only expand and better serve customers in the greater Schaghticoke/ Easton/Greenwich area, but also provide our excellent team here with the best in facilities and improvements to help them continue to perform at the highest level,” United Ag & Turf president Scott Miller said. “We’ve seen tremendous growth in re cent years and the demand for the quality products and services that United Ag & Turf offers makes this investment in the area a great fit. We look forward to being a part of the community for many more years to come.”Eric Driscoll, CEO of United Ag & Turf, NE, and United Construction & Forestry, said the company is following this opening with several other new facilities. “We’re investing heavily in the Northeast to position ourselves to better meet the needs of our customers in this key market. Later this summer we will be unveiling our flagship construction, forestry, agriculture, and turf combination location in Clifton Park,” he “Shortlysaid.thereafter, a brand-new East Windsor, Conn., location will be opening, plus we’re busy with several other facil ity updates and expansions. We believe it’s important to provide our employees with the tools, facilities, and training to perform at their“Ourbest.excellent teams coupled with the new state-of-the-art facilities and the new products Deere is bringing to market pro vides us the foundation to continue to grow our business,” said Driscoll. United Ag & Turf Regional Director, Neal Opatkiewicz invites customers and the com munity to stop in and meet his team, tour the new store, and see the new John Deere equip ment on display. Opatkiewicz stated, “Our new home is a great new space to work in and we will continue to provide the outstanding service our customers expect. Our grand opening celebration will take place the week of July 18th with giveaways and chances to win great prizes, even a John Deere X330 lawn tractor! Our entire team has been waiting with anticipation to show-off our beautiful new facility to our customers and to the Unitedcommunity.”Ag&Turf is a John Deere dealer of agriculture, turf, utility vehicles, and compact construction equipment that was formed in 2018 by consolidating several John Deere dealerships into one new organization. United Ag & Turf has a total of 68 locations throughout New York, New Hampshire, Vermont, Maine, Massachusetts, Rhode Island, Connecticut, Texas, Oklahoma, and Arkansas.Theyserve customers in all market seg ments with new and used equipment, parts, service, and support. They also represent other brands such as Stihl, Honda, Ariens, and more. The company is owned by Fer nandez Holdings, an investment company that focuses on acquiring profitable middle market businesses with proven management teams, defensible market positions, and sustainable opportunities for growth.
“Winklepickers is for visitors and residents alike,” said Dutra. “We grew up here and we love this town,” said owner Rachel Dutra. “When we open a store, we’re providing the best quality products and the best quality service, because we believe people deserve that.”
BY ANDREA HARWOOD Winklepickers in Lake George has expanded at a new location at 222 Canada St.. Additionally, store owners Rachel and Dave Dutra are running an AirBnb on the second floor of the new Winklepickersbuilding.carries mid-to-high-end gift s, novelties, souvenirs, art and décor. Most items are made locally. The store features an exhaustive collection of hand-made loose-leaf teas and hand-made spices from Rachel’s Spice Co. The Lake George House of Jerky is also located inside the Winklepickers store. “I take pride in this space, and in what we’re providing the Village of Lake George,” said Dutra. “I frequently bring in fresh flowers and make sure the floor looks inviting. We aren’t just another T-shirt shop. We’re proud to represent Lake George with a quality store.”
Dutra owned and operated Rachel’s Spice Co. & Café in Glens Falls for many years. She relocated the spice company to the Winklepicker’s location, and consolidated the café when Winklepickers became too successful to keep both venues open. The former cafe eating space at 240 Warren St. in Glens Falls is for rent.Winklepickers opened in Lake George in the summer of 2020. After a robust year of sales, the gift and novelty shop moved a couple blocks over to a larger location on Canada Street. The impetus for the move was a need for more floor space and storage space. With the shop having such a strong fi rst year, Dutra found she needed to expand sooner than anticipated. The building came with a spacious residential apartment on the top floor which functions as the AirBnb. The apartment is called The Overlook at Shepard’s Cove, and includes on-premise parking for one vehicle. With three bedrooms, four beds and one bathroom, the rustic space sleeps six. There is a dedicated private room with Wifi that can be used as a workspace. It has a fully equipped kitchen, large living room and a private enclosed deck or sunroom. It also includes a washer and Winklepickersdryer. phone number is 518-6853018. The website is www.pickwinks.com. Hours are 11 a.m. to 10 p.m. seven days a week.
Andrea Harwood community. Subscription price is $25.00 per year. Third class postage paid at Glens Falls, New York. Rights to editorial content and layouts of advertising placed with Glens Falls Business Journal which are the creative effort of its contractors, and printing materials supplied by Glens Falls Business Journal are the property of Glens Falls Business Journal and may not be reproduced by photographic or similar methods, or otherwise, without the specific authorization of Glens Falls Business Journal.
4 • GLENS FALLS BUSINESS JOURNAL • AUGUST 2022
Rachel and Dave Dutra are the owners of Winklepickers, a business on Canada Street that sells a variety of products. They also run an AidBnb on the second floor.
GLENS FALLS BUSINESS JOURNAL 2000 Business Of The Year Adirondack Regional Chamber Of Commerce 9 Broad St. Glens Falls, NY 12803 (518) 581-0600 • Fax: (518) 430-3020 • www.glensfallsbusinessjournal.com Editorial: Advertising:RJDeLuke@glensfallsbusinessjournal.comHarryW@glensfallsbusinessjournal.com Publisher & Editor Harry Weinhagen Associate Editor R.J. DeLuke Editor Emeritus Rod Bacon Sales and Customer Service HarryMaryWeinhagenLongley Production Manager Graphic Precision Contributing Writers Susan Campbell Jill Nagy Jennifer Farnsworth Christine Gaf Andrea Harwood Paul Post Glens Falls Business Journal is published monthly, the second week of each month, by Weinhagen Associates, LLC and mailed to business and professional people in Warren and Washington counties. Glens Falls Business Journal is independently owned and is a registered tradename of Weinhagen Associates, LLC, P.O. Box 766, Saratoga Springs, New York l2866 (518) 581-0600. Glens Falls Business Journal is a registered tradename in New York. Glens Falls Business Journal has been founded to promote business in Warren and Washington counties and to provide a forum that will increase the awareness of issues and activities that are of interest to the business
VISIT OUR WEBSITE TO VIEW ALL ARTICLES ONLINE AND SHARE THE STORY ABOUT YOUR BUSINESS. Washington County New Business Registrations Charming Construction and More 4767 State Route 40 Argyle, NY 12809 Vads Steam Cleaning 40 Sweet Rd. Argyle, NY 12809 Bromos Services 169 State Route 372 Cambridge, NY 12816 Shine Hill Farm 355 County Route 19 Fort Ann, NY 12827 Real Deal Seal 19 Taylor St. Fort Edward, NY 12828 Dustins RV Repair 44 Gates Ave. Fort Edward, NY 12828 Hidden Valley Custom Cabins & Sheds 85 Hidden Valley Rd. Fort Edward, NY 12828 Hunnys Beauty Lounge 128 FortBroadwayEdward,NY 12828 Maid For You Maintenance 17 Taylor St. Fort Edward, NY 12828 Hogans Tavern 42 Old Schuylerville Rd. Greenwich, NY 12834 Deadwood Acres 56 Tripoli Rd. Hudson Falls, NY 12839 Christines Cleaning 6092 State Route 22 Salem, NY 12865 JULY 9 Broad Street #7 Glens Falls, NY 12801 9 Broad Street #7 Glens Falls, NY 12801
Winklepickers Store In Lake George Opens An AirBnb On The Building’s Second Floor
equip those who intend to pursue CPA licen sure with the entire 150 credits of coursework through our combined B.S. in accounting/ MBA,” said Dean of the School of Business Julie Gedro.
Gerarde has two daughters, Genevieve (Jenny) and Josephine (Jo), the namesakes of herYearsbusiness.ago when the business was owned by previous operators and known as The Smoothie Shoppe, Gerarde would take her daughter Jo down to the Spa City Farmer’s Market to get smoothies. She began following The Smoothie Shoppe on social media, and eventually connected with the owners. About a year ago, one of the previous own ers showed interest in selling the business. Gerarde already had interest in starting a business, perhaps a brick-and-mortar break fast place. When she heard the smoothie shop business was for sale, she inquired right away. The current menu features all-vegan, nondairy, soy- and wheat-free smoothies with no added sugars. While Gerarde plans to keep those options available, she will be adding more traditional smoothie flavors for a wider market. In particular, she said she would like to add smoothie flavors with a yogurt base. Jenny Jo’s Smoothie Bar is at the Glens Falls Farmer’s Market on Saturdays, The Food Truck Corral at The Shirt Factory on Thursdays, a pop-up on Maple Street next to Glens Falls City Park on Friday mornings, and the Spa City Farmers Market on Sundays. Additionally, Jenny Jo’s frequently has pop-up events.Gerarde is considering a small brick-andmortar space in The Shirt Factory for the winter months. She is developing a business model to provide a subscription program for local businesses, where she would go to specific locations on specific days to deliver smoothies.“I’llkeep the delivery radius small, within about four miles, because I want to keep the integrity of the smoothies I’m delivering,” saidBusinessesGerarde. interested in a regular delivery schedule, employee appreciation days and other events can contact Gerarde directly at jennyjosllc@gmail.com.Thebesttokeepup with Jenny Jo’s is on social media via Facebook and Instagram at @jennyjosllc.
• Agricultural Stewardship Association, $280,739 to protect 88 acres on Kenyon Hill Farm.
GLENS FALLS BUSINESS JOURNAL • AUGUST 2022 • 5 Jennie Jo’s Smoothie Bar Mobile Unit Can Travel To Provide Product At Local Events
• Agricultural Stewardship Association, $185,507 to protect 141 acres on Slack Hollow Farm.“We must continue to protect New York’s precious farmland so our agricultural footprint can grow and so our producers can thrive for generations to come,” Gov. Kathy Hochul said. “I am proud that we supported the Farmland Protection program in this year’s budget with an increased allocation, demonstrating our commitment to New York’s agriculture indus try.”The State’s Farmland Protection program made critical adjustments for Round 18. For the first time ever, projects were awarded that support the state’s top priorities, including food security, climate resiliency, and source water protection. In addition, eligibility criteria for the pro gram was expanded to include the agroforestry, equine, and wine sectors, reflecting New York’s diverse agricultural industry.
SUNY Empire State College will debut a new program this fall that combines the B.S. in accounting with the MBA in business manage ment.The combined B.S. in accounting and MBA in business management is a CPA-150 Licensure Qualifying Program that is regis tered with the state Department of Education. It satisfies the educational requirements for the certified public accountant license. Students who are accepted to the combined program will take three graduate courses (nine credits) during their bachelor’s degree studies at the undergraduate tuition rate. These credits will count toward both the bachelor’s and master’s degrees, for a combined program total of 152 credits to help students save on program costs and reduce the time needed to finish both degrees.TheB.S. in accounting can be offered in person or online. The MBA in business man agement is a fully online program. SUNY Empire also introduced a Bachelor in Business Administration (BBA) that will be accepting applications for the fall. To learn more about SUNY Empire’s busi ness programs, visit www.esc.edu. “SUNY Empire’s combined B.S./MBA program provides the advanced business and management skills New York state’s employers seek. At the same time, it reflects the innova tive, high-quality degree programs for which SUNY Empire is known,” said SUNY Empire State President Lisa Vollendorf. Dean of the School for Graduate Studies Bri an Carolan, Ph.D. said the college’s combined programs, such as the B.S. in accounting/ MBA, “provide opportunities for exceptional undergraduate students to begin their graduate coursework while completing their bachelor’s degree. Not only do these options provide a predictable pathway from the bachelor’s to the master’s degree but they also enable students to save time and money by allowing graduate credits to be used toward both degrees.” “We are thrilled to be able to educationally
Haley Gerarde and her husband Michael Gerarde pose at their Jenny Jo’s Smoothie Bar setup. The mobile smoothie truck operates in the greater Glens Falls region.
The following Washington County projects were awarded funding:
• Agricultural Stewardship Association, $420,350 to protect 238 acres on Lindsay Farm.
New York state announced that more than $38 million is being awarded to strengthen New York’s agricultural industry through the Farmland Protection Implementation Grants program, including funds for two Washington County properties. The 40 awarded projects will protect a total of 11,772 acres of valuable farmland across the State, helping to keep agricultural land in pro duction and ensure the long-term viability of New York’s farming operations, officials said.
Three Area Farms Get Help From State Grants
BY ANDREA HARWOOD Haley Gerarde has opened up a new business, Jenny Jo’s Smoothie Bar. The Lake George native operates the mobile smoothie truck in the greater Saratoga and Glens Falls region.Gerarde purchased the business in early 2021. The smoothie truck was previously known as The Smoothie Shoppe. Gerarde re named the business and the truck to Jenny Jo’s Smoothie Bar upon acquisition. She operated the business briefly as The Smoothie Shoppe as she waited for her signage to be completed.
Andrea Harwood
SUNY Empire State Has New B.S./MBA Program
JohnOwnerHomkey Flight Wine Bar & Restaurant Reads
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Call today and speak directly with No 800 number and no call centers. She was promoted to vice president, membership & community engagement in early 2022. Rogers currently serves on the boards of the Warren Washington Association of Mental Health, the Tri-County United Way and the Glens Falls Civic Center Foundation. In addition, she volunteers her time to serve on the CWI Dancing with the Adirondack Stars alumni committee, and the Glens Falls Fit Fest committee. “I am excited and honored to be named the president and CEO of the Adirondack Regional Chamber of Commerce. We have the most dedicated team in place, ready to serve our business community with a renewed energy. Being extremely passionate about this organization, I am looking forward to the possibilities and opportunities to continue lifting up our businesses and communities,” said Rogers. The ARCC is now looking to hire a membershipFoundedmanager.in 1914, the Adirondack Regional Chamber of Commerce (ARCC) is a membership funded, member focused organization serving Washington, Warren, Essex, and Northern Saratoga counties. The ARCC nonprofit corporation is governed by volunteer board of directors, and does not receive any funding from local, county or state governments. Its mission is to help regional businesses succeed, grow, and thrive through our four pillars of advocacy, education, connection, and collaboration. CEO From
CDL is a one-stop shop for all kinds of insurance products for individuals and businesses, including life, health, and employee benefits, said the owners. Colson’s experience traverses many lines of insurance, while Lange came out of the trucking business, he said. Consequently, CDL has a niche in writing commercial trucking and transportation policies, plus coverage for automobiles and RVs. Colson trains staff “from the ground up” with a program that takes months, she said. After working in the agency for a month, new hires are sent to Bryant & Stratton College for a three-week insurance class.“After the candidates pass the state exam and earn their licenses, they get extensive training with the individual carriers,” said Colson. The company is an independent agency that works with “14 carriers of standard insurances with access to brokers for special coverages,” she said. “Hometown service is key. We have the ability to look at a policy, evaluate it and communicate with the client about it.” “We personally review every single policy as it comes up for annual renewal to make sure we are servicing clients the best way possible,” Lange said. This level of customer service has driven the success of CDL and the growth of the agency by client referrals around the country. In less than two months of operation, Lange said the Lake Luzerne office is heavily trafficked. The licensed insurance agents who are acting office managers at the Lake Luzerne and Glens Falls locations are Cheryl Stewart and Shelly Munger, respectively.Visitcdlassociates.org for more information. proudly local since 1981 Ashtin Givens 518.894.2638
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BY SUSAN ELISE CAMPBELL CDL Associates Insurance Agency LLC has added a fourth office in Lake Luzerne, only a month following the grand opening of its Glens Falls location. Prior to May, the agency had its flagship office in Northville and another in Gloversville. The new office is at 4 Bridge St., Suite 2. From these upstate New York locations, CDL is underwriting a wide range of insurances to clients in 43 states, according to Vic Lange, who co-founded the agency with Heidi Colson in 2009. “We added 10 employees this year,” said Lange. “The staff is now 21 and 19 of them are licensed agents.”“That’s it for new offices in 2022,” Lange said. “Now we’ll be making sure everything stays in control and seeing what 2023 brings.”
CDL Associates Adds Office In Lake Luzerne, Its Fourth Location Serving Multiple States
ARCC
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Page 1 N U R S E S H O U S E 9 & W I N E S A R A T O G A N A T I O N A L G O L F C L U B D I N N E R R E C E P T I O N 5 : 3 0 P M 9 H O L E T O U R N A M E N T 2 : 3 0 P M WEDNESDAY SEPT 21, 2022 9 HOLE TOURNAMENT & DINNER RECEPTION TICKETS ON SALE NOW! nurseshouse.org $800 per Foursome Chance to Win a Car! $100 per Person An evening of wine and spirit tasting, savory dinner, drinks, prizes, raffles, and more while benefiting Nurses House, Inc. Nurses House, Inc. is a national organization dedicated to helping Registered Nurses in need. Nurses House, Inc. offers assistance with housing expenses and medical expenses to RNs who are seriously ill, injured, disabled or facing other dire circumstances. includes (4) Dinner Reception Tickets “Start with Quality, Quality Hardware!” Store Hours: Monday - Friday: 7:00AM - 6:00PM Saturday: 8:00AM - 6:00PM Sunday: 9:00AM - 3:00PM 3093 State Route 4 Hudson Falls, 518-747-6344NYPremiumLu m b er a n d U n s u r p asse d C u st o mer S erv i c e BURGOYNE QUALITY HARDWARE & LUMBER
Realtors: Southern Adirondacks Homes
CEI-Boulos prioritizes projects that represent collaborations between various entities—including non-profits, local and state government, philanthropic institutions, banks, community development finance institutions, community-based organizations, private investors, and local developers—that share a vision for their community.“We’rethrilled to be working with NBT Bank on this innovative fund to invest in high-impact, community supported real estate projects in New York state,” said Sam Spencer, chief executive officer and managing director, CEI-Boulos Capital Management.Officialssaid NBT will create a social impact advisory board to evaluate redevelopment and new construction projects, such as multi-family, mixed-use, industrial, office, retail and hospitality projects that closely align with community needs. The advisory board will provide input related to the social and environmental impacts of the fund’s proposed investments. Areas of targeted impact will include: projects that support job creation; affordable and workforce housing; Main Street revitalization/ historic preservation developments that do Offers Sourced Gift
Sharp Presents gift shop, in the Aviation Mall next to Dick’s Sporting Goods, has locally made and sourced gift items and specialty foods as well as unique gift items for special occasions.
The project investment area includes Warren and Washington counties. “As a community bank, NBT is committed to the communities we serve,” said, NBT Bank President and CEO John H. Watt, Jr. “This includes doing our part to create stronger, healthier neighborhoods. We believe that investments in projects that deliver critical affordable housing can also have a ripple effect in supporting job creation and strengthening our communities.”The NBT CEI-Boulos Impact Fund is managed by CEI-Boulos Capital Management, a fund management company focused on delivering competitive financial returns and social impact. CEI-Boulos helps banks achieve their CRA objectives by organizing and managing funds that invest in financially attractive, high-impact commercial real estate projects that benefit the communities in which they are located.
Expert
NBT Bank and CEI-Boulos Capital Management have launched the NBT CEIBoulos Impact Fund, a $10 million real estate equity investment fund with NBT Bank as the sole investor. The fund is designed to support individuals and communities with low and moderate income through investments in high-impact, community supported, commercial real estate projects located within the bank’s Community Reinvestment Act (CRA) assessment areas in New York.
MrElectric.com/Queensbury Locally Owned and Operated Franchise Continued On Page 9
“The fact that homes continue to sell quickly and above asking price indicates that demand remains strong in our area,” said Densay Sengsoulavong, Southern Adirondack Realtors CEO. “Given that summer is typically our most active sales season, we expect the market to remain competitive in the coming months.” New listings in the region increased 1.9 percent in June compared to last year, from 697 to 710. The inventory of homes for sale dropped 34.7 percent, from 1,432 to 935, and pending sales increased 4 percent, from 478 to 497. Closed sales were down 11.4 percent, from 466 to 413. Sellers received 103.6 percent of their list price in June. Officials said the median sales price increased 6.6 percent in June compared to last year, jumping from $328,250 to $350,000. Homes spent an average of 24 days on the market last month, compared to 44 days last year. The months supply of inventory decreased 17.9 percent compared to 2021, from 2.8 to 2.3. Southern Adirondack Realtors Inc. represents over 525 members and more than 60 Affiliate members in New York’s Southern Adirondack region.Formore information, visit southernadkrealtors.org. electrical service. 518.389.7411
Spent Average Of 24 Days On The Market
Aviation Mall Is Home To Sharp Presents, Which
GLENS FALLS BUSINESS JOURNAL • AUGUST 2022 • 7
Courtesy Aviation Mall
Homes in New York’s Southern Adirondack region spent an average of 24 days on the market in June, lower than any point in the past decade. The median sales prices jumped to $350,000, the highest mark in the past 10 years, according to the National Association of Realtors. Nationally, the median sales price exceeded $400,000 for the first time ever, up 15 percent from the same time last year
Locally
NBT Bank Partners With Company To Start A Real Estate Equity Investment Fund
Items
Sharp Presents gift shop has opened at Aviation Mall next to Dick’s Sporting Goods. Their products include locally made and sourced gift items and specialty foods as well as unique gift items for special occasions. Their specialty is creating customized, one-of-a-kind gift arrangements for any need or occasion, the company said.. “In early 2016, the Gideon Putnam Hotel in Saratoga contacted us to create gift arrangements for their VIP clients throughout the summer. During our work with the Gideon Putnam, we came to realize there was a need for a specialized gift shop and gift arrangement business in this area,” said James Joseph, owner of Sharp Presents. “We pride ourselves in offering a distinctive and professional gift givingJosephsolution.”hasyears of professional design training and has created thousands of gift designs throughout his career. James Griffith, general manager of the Aviation Mall said, “We are excited to welcome Sharp Presents, a very well-established and esteemed retailer, to the shopping center.” For more information, call 518-955-6907.
“This is going to be enormous,” said Jim Sip lon, EDC Warren County president and CEO.
Queensbury Hotel Celebrates Grand Opening Of Adirondack Ballroom Expansion Project
BY PAUL POST Downtown Glens Falls’ slow, steady resur gence just got a boost with the July 21 grand opening of Queensbury Hotel’s $3.8 million new Adirondack Ballroom. The 5,200-square-foot facility more than doubles the historic hotel’s capacity for host ing conferences and special events, which can further fuel the local economy.
8 • GLENS FALLS BUSINESS JOURNAL • AUGUST 2022
After spending 20 years in the restaurant, car wash, and real estate industry, Hoffman re-entered the development world in 2001. It was because of his wife, Suzanne, that he chose to work in and around Glens Falls. During her time as a New York state trooper, she had grown to love the city. “She always talked about how wonderful Glens Falls was,” said Hoffman, noting that Suzanne joined Glen Street Associates after leaving the state police. Since establishing their development com pany, he and Suzanne have worked on projects in Glens Falls, South Glens Falls, Clifton Park, and Hudson Falls. Their portfolio includes commercial and residential properties that the company owns, leases and manages. Renovating historic buildings became Hoffman’s passion after Glen Street Associate renovated 100 Glen Street in 2004. The former home to the Glens Falls Newspaper (now the Post Star), it was built in 1906. “It’s in my DNA,” he said. “My dad used to say that if they never built another building in the United States, that it would be okay. He said there would be enough buildings if we just took care of what we have.” “We’ve done a 55,000-square-foot building that was totally dark and boarded up. To see it
SPECIAL SECTION GLENS FALLS BUSINESS JOURNAL Environment / Development Continued On Page 9 Continued On Page 11
BY CHRISTINE GRAF Developer Peter Hoffman of Glen Street Associates is partnering with the youngest of his four children, daughter Christiana, on what will be his 20th local development project. The pair purchased the former Morgan Stanley building at 20 Maple St. in Glens Falls forHoffman,$275,000. a Clifton Park native, was intro duced to the world of property development by his father. From the time he was a young boy, he had a hammer in his hand and a nail apron around his waist. “I started with my father when I was 11 years old,” he said. “He was an amazing developer and I started by following him around. Along the way we became partners. He taught me the business, and we were partners up until 1983 when I went out on my own and did some other things in my life.”
Glens Falls Business Jouranl
The Queensbury Hotel’s new Adirondack Ballroom and renovated event space was officially opened in late July. It more than doubles the capacity for hosting conferences and special events. Peter Hoffman of Glen Street Associates stands in front of the former Morgan Stanley building at 20 Maple St. in Glens Falls which he purchased for $275,000.
“Every time the surface area of a place like this expands it has a three to four times multiplier effect in town, at a minimum, whether that’s culinary business, retail, attractions like the Hyde Museum, or so many other things that make this community unique. Every one of them will get a shot in the arm from this.” He described The Queensbury as a “quaint Glen Street Associates Will Renovate Property at 20 Maple Avenue In Glens Falls
“We’re already sold out now on Friday and Saturday nights, almost year round, hosting 300 people that need things to do. They want to go shopping, go to restaurants, events at Wood Theater or Cool Insuring Arena,” said Tyler Herrick, hotel general manager. “Before the expansion we were hosting 750 events a year. This is just going to help accelerate that by bringing midweek conventions to Glens Falls, which means more business for our property and all of downtown.” The New York State Sheriff’s Association was the new facility’s first customer. Scores of law enforcement personnel attended the multi-day event that began Sunday, July 24. Several large weddings and another state conference have already been booked this fall.
“Honestly, the phone has been ringing off the hook,” Herrick said. The ballroom is the latest project in an ongoing makeover of the landmark, 96-yearold hotel, which has helped make it a business incubator by encouraging other small busi nesses to locate downtown. “I’m more excited about that than I am for The Queensbury itself because I love this community,” said Ed Moore, who purchased the hotel in March 2016. “I’m so proud of this place. We brought it (the ballroom) home and brought it in on time.”
GLENS FALLS BUSINESS JOURNAL • AUGUST 2022 • 9
State Funds Will Help Construct A 60Unit Affordable Housing Project In Corinth BY PAUL POST
Queensbury Hotel Continued From Page 8
NBT Bank
Continued From Page 7 not contribute to gentrification/displacement; developments that serve non-profit organizations; and environmentally sustainable real estate developments. CEI-Boulos Capital Management is a real estate investment fund management company focused on delivering both competitive financial returns and social impact. The company serves banks, family offices, and other institutional investors, and has a national scope. Learn more at www.ceiboulos.com.NBTBankoffers personal banking, business banking and wealth management services from locations in seven states, including New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Maine and Connecticut. The bank and its parent company, NBT Bancorp., are headquartered in Norwich, N.Y. and had assets of $12.1 billion as of March 31. More information about NBT is available online at www.nbtbank.com. Member FDIC.
But breathing new life into the old building was no easy task. Saratoga Springs-based Phinney Design Group handled architectural work while V&H Construction Inc. of Fort Edward was the general contractor. “Any time we do an historic building there’s always going to be things that pop up,” said Ed Anker, Phinney’s project manager. “We ran into a lot of that here. We found a lot of crumbling things and some of the past additions weren’t really done that well. We were very sensitive to match the building’s historic character, which was extremely critical, while also creating a little bit of flair for the new building. I think we nailed it spot-on with detailing, brick, cornices and baseboards.”
“I’m so thrilled,” he said. “Th is is going to bring more attention to our restaurants and shops. It’s up to us now to do a good job and make it all work.”
The $7.3 million in state funds is part of a $104 million Empire State Supportive Housing Initiative grant program that Gov. Kathy Hochul recently announced to create and preserve 864 affordable housing units across New York. The remaining cost, about $14 million, will be financed with state and federal low-income housing tax credit equity. Lack of affordable housing has become a critical issue not just in Corinth, but throughout much of upstate New York the past couple of years as real estate market prices have skyrocketed, due largely to large numbers of Metropolitan New Yorkers moving north during the COVID-19 pandemic. Many people discovered they could work from home almost full-time, and are attracted to upstate New York’s less expensive cost of living and more relaxed lifestyle. Also, a recent rise in interest rates is expected to prompt more people to rent, rather than make expensive mortgage payments. And seniors on fi xed incomes are finding it difficult to stay in and maintain their homes, as inflation has sparked a rapid rise in the cost of many goods and services, from fuel and food to telephone and cable television fees. “Each community has its own unique needs and while it’s difficult to speak for the needs of other local communities, some have already completed affordable housing projects,” Commanda said. “Corinth is not one of the communities that has addressed this need yet, so we felt it was important to find away to provide affordable housing to its residents.”
hotel you would pay an arm and a leg for in New York City, here in the heart of the North Country.”Thenew ballroom can host up to 400 people for plated dinners and dancing for special events. Adjoining hallway space affords capacity for nearly 600 guests for cocktail parties and business-related networking functions.”
The state is providing $7.3 million to help fund a proposed $21 million, 60-unit affordable housing complex, called Riverview Apartments, in the village of Corinth. A spring 2023 groundbreaking by Saratoga Springs-based Bonacio Construction Co. is planned.Theproject is a joint venture between Corinth-based Hudson River Community Credit Union and RISE Housing and Support Services, a Saratoga Springs nonprofit organization founded in 1978, whose mission is helping people with mental health, substance use and other life challenges stay safe and healthy in the community.Officialssaid 30 apartments will be reserved for homeless individuals with mental health illnesses who will have access to rental subsidies and on-site supportive services. The project will create eight jobs, including two case workers and a registered nurse to support residents. Another 15 apartments will be strictly for seniors and there will be 15 more for community residents.Threeyears ago, the credit union’s board of directors identified quality, affordable housing as the biggest challenge faced by many of its members living in Corinth. “Corinth residents will be given priority when it comes to housing to ensure that members of the community most in need are the ones receiving the assistance the project was designed to help,” credit union CEO Sue Commanda said. “However, individuals from other communities will also be able to apply and live in the building.”The 66,816-square-foot structure will be on a three-acre parcel, which the credit union donated. It is located near the intersection of Pine Street and Fift h Avenue. In 2011, the credit union purchased a 10-acre parcel on Pine Street from International Paper Co. and two years later built a new 16,000-square-foot operations center on three acres of the property. The complex will have both one- and twobedroom apartments with rental fees ranging from $546 to $1,309, depending on size of the unit and household income. “We certainly need affordable housing. It’s a much needed service,” said Corinth Mayor Chuck Pasquarell, who is also the credit union’s president. “People who live there have to shop and do business. The building adds to the tax base and will generate water and sewer service revenue, so it’s going to help all the way around as far as helping the village economy.”
“We also know there is a high concentration of low-to-moderate income households and seniors in Corinth who will benefit from reduced housing costs,” she said. “When surveyed, Corinth seniors in need of affordable housing made it clear they did not want to move out of theThcommunity.”e2021census says more than 20 percent of Corinth’s population is 65 or older. “Expanding the housing supply is the cornerstone of my $25 billion, five-year housing plan, and these awards will move us one step closer toward achieving our goal of making New York a more affordable place for all,” Hochul said in a statement. “With sustainable designs, on-site supportive services, and expanded access to free or low-cost broadband internet, we’re not just building homes with these awards; we’re creating vibrant, more enduring communities.”
V&H owner and president Rob Holbrook said his fi rm’s biggest challenge was staying on schedule while dealing with a shortage of materials and supplies caused by the COVID-19 pandemic. For example, temporary aluminum doors have been installed, leading to the hotel’s rear parking lot, as handsome glass French doors didn’t arrive in time for the grand opening reception, with about 250 well-wishers on hand. “I’ve been doing this over 45 years and I’ve never seen a time like this one,” Holbrook said.In addition to its anticipated future benefits, the ballroom expansion provided jobs to plenty of area people. “We employ about 25 directly, plus we pulled in eight other laborers and we work with a lot of sub-contractors, too,” Holbrook said.Precise Painting & Wallcovering (Hudson Falls) did all the fi nishes, Glens Falls Metal Fabricators (Fort Edward) handled heating, ventilation and air conditioning work, while Adirondack P&M (Queensbury) took care of plumbing.Herrick said the ballroom addition has created 15 new jobs, adding to the hotel’s staff that has grown from 35 to 100 employees since Moore purchased the property. “Six years ago, we were all standing in the hotel lobby,” Herrick said. “I’m always reminded of Ed’s comments that day. His goal was to be a good steward of this property that has stood strong in this community for close to 100 years. I think he’s hit a home run. But we have a lot more work to do.” A multi-year master plan, developed by Phinney Design Group, calls for a roof-top bar that will give hotel guests a view of the surrounding southern Adirondack region. Many sports, entertainment and political luminaries have stayed at or visited The Queensbury through the years. The list includes former heavyweight champion Mike Tyson, baseball Hall of Famer Jackie Robinson, musicians Bob Dylan, Louis Armstrong and Kenny Rogers, and Robert F. Kennedy who visited both prior to and immediately after his 1964 election to the U.S. Senate. Moore also owns Fairfield Inn & Suites at Northway Exit 18 in Queensbury, a large outlet store complex on Route 9 in Queensbury, and the Sawyer building directly across from Cool Insuring Arena in Glens Falls. In addition, he’s on the board of a coalition of business leaders that operate the arena and Adirondack Thunder hockey team. Moore said he’s hopeful that the hotel’s increased capacity will encourage Herrick and arena general manager Jeff Mead to collaborate on bringing more and bigger events to Glens Falls, which would greatly benefit downtown as well.
SPECIAL SECTION GLENS FALLS BUSINESS JOURNAL Workplace
Local Company Provides Service To Help IT Companies Fill Jobs Quickly And Efficiently
• Upon hiring a new employee, employers must obtain written acknowledgment of the notice.
• Written and electronic notice to current employees.
• • Business
Sabastian S. Piedmont, managing partner at Tully Rinckey PLLC. Courtesy Tully Rinckey PPLC Report
Continued On Page 14 Continued On Page 15
“Many human resources people aren’t technically savvy and don’t know much about who you need to hire for the cannabis industry, the types of people and skills they need,” Montgomery said. “Th is tool makes them an expert in all of those areas because we’re asking expert questions on their behalf.” Earlier in their careers, Montgomery and Aggarwal became acquainted as members of India-based Satyam Computer Services’ global leadershipMontgomeryteam.was working for General Electric Co. near Boston when he founded TIMIT Solutions in 2012 and moved the fi rm to his native Queensbury in 2014. Aggarwal has more than 35 years of tech industry experience. His fi rm’s website says ConvInt.ai is “an intelligent AI-based, cloud native conversational platform, built on the most contemporary technology stack, designed to accelerate corporate officials and recruiters in fulfi lling their recruitment needs and redefi ning the experience for the candidates and jobseekers.”Bothrecruiters and candidates can interact using their preferred channel or chat platform to register, initiate or take an assessment.
BY PAUL POST A Queensbury fi rm and its Singapore-based partner are helping companies worldwide with a new high-tech hiring service that purports to fi nd key employees quickly and efficiently while saving valuable time and money. “Our fi rst customer in New York City went from an average of two to three months per hire to just three days using our tool,” said Tim Montgomery, owner and president of TIMIT Solutions LLC. “Our primary target is businesses that hire a lot of people. We’ve initially engaged with some very large IT (information technology) companies in India.” ConvInt.ai (Conversational Intelligence), founded and owned by Virender Aggarwal, of Singapore, uses artificial intelligence to locate top candidates not only for IT companies, but those in other industries such as insurance, healthcare and the rapidly expanding field of cannabis production.
BY SABASTIAN PIEDMONT, ESQ. New legislation in the form of an amendment to the New York Civil Rights Law became effective on May 7, requiring private employers to inform current and newly hired employees that the employer electronically monitors their work telephone, email, and internet access and usage.With the increased reliance on technology in the workplace—and for that matter, the increased amount of remote work being done throughout New York state—many employees and employers are curious as to how this will impact their normal operating procedures, if at all. While the law does not radically modify the terms of an employee’s use of technology in the workplace (and remotely), there are several changes that both employees and employers should be aware of with regard to the consent/notice given of this surveillance, as well as how it will impact those currently employed versus those who will be newly hired. Now that the amendment is in effect, all private employers of all sizes must disclose that they are electronically monitoring employee internet usage, emails, and/or telephone communication in the form of:
Tim and Kathleen Montgomery are the owners of TIMIT Solutions.
The service completely eliminates the cumbersome process of sorting through and reading lengthy resumes, which may or may not be “Oncetruthful.youput a job description out there on Dice.com or Montster.com, people have technology that can create a resume based upon that job description,” Montgomery said. “There’s not a lot of honesty in the candidate search process any more because a lot of resumes we have found are duplicates of others or they aren’t resumes that represent the individual.” “That tells us two things,” he said. “First, resumes aren’t worth the paper they’re written on any more and two, you’re spending an enormous amount of time reading multi-page resumes, which might be seven to 10 pages long for tech people. We’re saying don’t bother with that. Other companies do similar types of
Electronic Monitoring Law Impacts Workplace
10 • GLENS FALLS BUSINESS JOURNAL • AUGUST 2022
• Posting a notice of their electronic monitoring in a conspicuous place which is readily available for viewing by subject employees.Whilethe statute does not define what is considered a “conspicuous area,” it is expected that many employers will choose to include this information in their employee handbooks or post stand-alone notices in break room areas so that employees can readily review these new policies at their convenience.Itisalso important to note that the law does not provide that those who were employed prior to the amendment be given the same written and electronic notice that those brought on after would have. Notably, this new legislation does not apply to processes that are designed to manage the type or volume of incoming or outgoing electronic mail or telephone voice mail or internet usage; are not targeted to monitor or intercept the electronic mail or telephone voice mail or internet usage of a particular individual; and are performed solely for the purpose of computer system maintenance and/or protection. Since the law is already in place, employers should have already made many of the necessary preparations to comply with this new legislation to avoid civil penalties. New York employers found in violation will be subject to a penalty of $500 for their first offense, increasing to$1,000 for the second, and $3,000 for the third and any additional future offenses. These provisions are enforced by the state Attorney General as the amendment provides no private cause of action for these violations. Although the electronic monitoring statute does not define what notification
New Hoff man
personal space, no common space, outdated structures, and few amenities are
• Your turnover rate is higher than years past. Your company is paying a landlord for space it doesn’t use. Have your employees shifted to working remotely? Are you paying for office space that you aren’t using? Downsizing can help a business when it’s right. Companies cut back or shift to remote positions all the time, especially recently. It’s normal and part of everyday business. Unless you plan on adding more people, it is a waste of money to have space that you’re notNoteusing.that moving into a space that is too big, but you own it, is completely different than paying a landlord for space. You have options on what you can do with extra space when you own it, most notably renting it out. This may be an option worth looking into. Your interior design needs to be reworked . Your office layout isn’t working. But moving may not be necessary. Perhaps a redesign will do the trick. A bunch of isolated cubicles may not be the best for your staff. They may respond better to working in an open space. It could also be the other way around. If employees lack privacy, they may be better suited or prefer cubicles or solo offices. A redesign will create the best layout for your company and your employees’ work style. If you lease, this is a good time to consider buying your own property. Spending your money on tenant improvements (redesign/renovations) only increases the landlord’s property value. When you own it, that money goes to you and your company’s pockets. Parking is sparse and traffic is heavy How much parking is there every day? Do you avoid prospective clients coming to your office because it takes a while to find parking? What is the commute like for your employees? Is the location inconvenient or is there always heavy traffic causing frustration before they’ve even arrived at work? These factors influence well-being, morale, and productivity. You need to impress more clients Meeting in a crowded, run-down, or unimpressive conference room doesn’t do much for prospective clients. Clients should come into your office and have an amazing first impression. If your office looks out of date, it could hinder you. A clearly outdated office may lead clients to think you are behind the times. They may find out later that it’s not true (if they stick around long enough), but that could be their first impression. Offices with modern features and updates leave a great impression. You aren’t attracting new talent (or retaining it). Not pulling in the high-level employees you used to? Your office space, amenities, and location may have a lot to do withPeoplethis. want to work in a fun and energizing environment. They may want a new job where the amenities are up to date, the space is ample, and where they can depend on the location for a long period of time. If they don’t see those things from your office, they may look for a place that does have that. Now more than ever, people are choosing workplaces with in-house amenities and areas to hang out in, in a convenient location.
• Productivity is down. They’re easily distracted.
• • Business Report Signs You Need Different Office Space With my construction background and desire to see others succeed, I specialize in assisting businesses achieve their financial and professional goals through commercial real
GLENS FALLS BUSINESS JOURNAL • AUGUST 2022 • 11
Anne K. Cabral, broker/owner, Glorious Day Real Estate. Glorious Day Real Estate estate. I’d love company culture is trending south Company culture can be affected by many things. Heavy little small things that make people not want to come to Thework.opposite things that make people want to go to work. A move, which remedies problems, can change your culture. You may need a culture change for other reasons. Maybe you had a massive turnover, and the new staff were introduced to bad working habits. For whatever reason, fixing it sooner than later is extremely important. What better way to do that than to restart your culture in a new office that you have full control over? Sometimes a new start like that is all it takes. The physical environment you work in influences your company’s culture, and a positive, updated, fresh new office can translate that feeling into your culture and employee engagement.These signs, indicating you need different office space, should be a springboard to your office utilization assessment, which is an investment for your company. today being highly embraced and loved by the community is just wonderful. It’s quite a joy of mine to take an old building that nobody much cares about and to get it to where it is appreciatedBothagain.”ofHoffman’s daughters have caught the development bug. Before entering into the 20 Maple Street partnership with Christiana, he partnered on projects with daughter Stephanie who lives in the Capital Region and is a financial planner for Morgan Manhattan-basedStanley.Christiana travels the world as a buyer for TJX Europe. “Christiana loves Glens Falls, and she grew up in the business more than my other kids and always said she would love to partner with me,” said Hoffman. “I thought it (20 Maple) was a perfect fit because it’s a small building to get into, and she can be part of it and redevelops and goes through its metamorphosis into a final project.”
The project was approved by the planning board at the beginning of August, and work on the building began immediately. Described by Hoffman as a “total redo,” extensive renovations are planned for both the interior and exterior of the structure. Exterior renovations will include a new slate roof and a custom-made iron canopy. Built around 1870, the historic post-and-beam building was once used as a livery stable for wellknown Glens Falls resident and philanthropist Henry Crandall. After that, it was owned by Spencer Trask, founder of the Yaddo artist’s community in Saratoga Springs. “The ironwork on the outside of the building says ‘ST’ on it which was Spencer Trask,” said Hoffman. “It’s absolutely gorgeous inside and is one of the most unique buildings I have downtown. It was once a barn, so we will celebrate that and bring that out and keep the history.” Renovations should be complete by the end of the year, and once the building is leased, final touches will put in place based on the needs of the tenant. Hoffman said that it is difficult to estimate a dollar amount for the renovations. “As you take these buildings apart and put them back together, you figure out what it needs. It’s not like building a new building when you can create cookie cutter pricing. It’s anything but that.”Christiana has a passion for architecture and will be heavily involved in the redesign of 20 Maple. She has already purchased some antique stained glass for the building as well as a beautiful antique copper horse weathervane for the roof.“We like to use period items that would be appropriate to the building,” said Hoffman. “Most elements have been taken out of the building by the time we get it, so we have to envision and imagine. We also try to do things that are a little more edgy with the design work, so it’s not just bringing it back to a horse barn.”
traffic,
• More employee conflicts and complaints. Like siblings sharing a room, employees sharing close space leads to bickering.
Courtesy
parking,
BY ANNE K. CABRAL Do you need different office space? Do you have too much? Too little? Has the COVID-age of remote working affected how much space you need? Will the increase in tech production affect your workforce? You work in your office every day and have grown accustomed to it. If you’re not sure about your office needs, this may be the perfect time for an office utilization assessment.Here are signs to look for: You’ve outgrown the space. Do desks seem to be stacked up on top of each other? Are conference rooms crowded? Are meetings scheduled outside the office to get into a less cramped environment? These are the most obvious signs that it’s time to get a bigger space. An overcrowded office can affect your employees’ morale and effectiveness and contribute to building a negative work environment. Feeling like a bunch of sardines crammed into too small a space will only frustrate them. A minimum of 140 square feet per employee is a good guideline. So, if you don’t meet that, then it’s time to move. Here are a couple of ways to realize whether you are running low on space: • Sick days are up. Germs spread like crazy in close quarters.
are
Project Continued From Page 8
• Meeting rooms are constantly booked up or people are standing during meetings.
to walk you through the process and explain how I can help you! Holly Abromaitis Licensed Real Estate holly@continuumcommercial.comSalesperson 518.371.0200 | continuumcommercial.com518.982.4262 Since 1945 Eastern Heating and Cooling, Inc. has been serving commercial and industrial customers through Upstate New York, Western Massachusetts and Southern Vermont with designs, installation and maintenance service. When faced with difficult complex problems, experience matters Quality People. Buildin g Solutions Chuck Ciaccia 28 years Jude Gosh 33 years Dave Weiss 22 years Spencer Agan 24 years OVER 154 YEARS COMBINED EXPERIENCEDennisChoiniere47years A Division of Mechanical Design Service & Maintenance Facility Automation Services Sheet Metal Fabrication easternheatingcooling.com518-465-8878 Your
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these
BY ANDREA HARWOOD
For example, if $20,000 is needed for a new roof pull $20,000 out of a Roth IRA rather than a taxable account. If you want to continue making charitable contributions at previous levels, consider donating appreciated stock rather than cash. Then look more closely at your necessary/recurring costs. Consider cancelling magazine subscriptions and going to the library instead. Try to consolidate errand to use less gas. Take advantage of coupons and seniorWhatdiscounts.canbe learned by pre-retirees from the current economic circumstances? First, it shows the importance of setting aside at least six to twelve months of expected spending in cash or cash equivalents that are not subject to changes in the stock market. Th is allows for withdrawals from cash reserves without needing to sell investments at a reduced value. Next, consider the effect income taxes will have on your sources of income. Once you reach age 72 minimum distributions (RMDs) will be required from your taxable pension accounts and even if under age 72 it is likely that you would need to withdraw funds from a taxable account. Withdrawals from Roth IRAs on the other hand are not taxable so every dollar of distribution is available for spending. The bright side of depressed stock market values is it makes this an opportune time to convert taxable retirement accounts to a Roth IRA. Yes, you will pay taxes now but future appreciation will never be taxed. Th ird, revisit your asset allocation. Historically, a typical portfolio Jim Amell, CPA, director of Marvin and Company PC CPAs.
Biddiscombe said Europe is struggling to keep up with travel demand. Ireland, Greece and Italy, including the Maltese Coast, are all in demand as travel destinations. Spain is also one of the top requests. She has people asking to go for longer stays, and they are willing to pay more money. “The frustrations I see lies not so much with the increased cost of air fare, but more so with the air delays,” she said. “Everyone’s getting hours more of unexpected wait time at the airport, or even having to spend the night. Everyone blames employment shortages within the airline. That’s going to be used as an excuse for awhile. The truth is, I think companies are trying to recoup costs by hiring less people.” “Once you’re told ‘no, no, no’ on something you want, you just want it more. People have been waiting to go places, and people are ready to travel now,” she said. In previous years, an airline may reduce prices as departure date gets closer in order to fi ll seats. Biddiscombe said she doesn’t see as many dips in airline fares as in the past. If travelers wait to make their plans, hotels book up and airline fares will almost certainly increase. As far as airports go, Biddiscombe says the Philadelphia International Airport () is the worst to fly in or out of. She said her clients consistently experience problems with service, cancellations, delays and rudeness among various airline Biddiscombestaff. said Charlotte Douglas International Airport and Hartsfield-Jackson Atlanta International Airport are both very good, particularly for layovers. Nonstop fl ights out of Newark Liberty International Airport and John F. Kennedy International Airport in New York City also tend to be trouble-free. “Instead of having one night out or going to lake house for a couple days, we’re getting a lot of requests for four to five daylong bachelor and bachelorette parties,” she said. Destination weddings are also on the rise. Biddiscombe is currently working on a destination wedding in Mexico with a guest list of 90 people and growing. “People want to have fun now,” she said, after being curtailed because of the pandemic for two years. “I think now they’re rebelling. They just want to do things. They don’t mind theBaxtercost.” agreed with the popularity of Europe right now, particularly with cruises and guided tours. Labor shortages in European are part of the problem. Airports in Amsterdam and London in particular are “a mess”, she said. The struggle seems to be fi nding workers to come in for jobs like baggage handling and reservation taking. Those are issues with the airport, not the airline. Baxter said about half of travelers choose a guided tour as a means of taking in Europe.
BY JIM AMELL
The cost of vacation travel has gone up significantly. But Dawn Biddiscombe, owner and operator of Premier Plus Travel & Tours in Glens Falls, has seen an increase in business and says people are willing to pay the price. “People are paying more now without questioning price”, said Biddiscombe. Travelers know that prices are expected to be higher than ever, especially considering the cost of gasoline and diesel fuel, she said. In previous years, clients may have taken time to think over the cost of trips. Now, they book trips as they come available because of an inventory“Everyoneshortage.wants to travel,” said Biddiscombe. “Popular places are in Europe right now. It used to be Mexico and the Caribbean, which is still somewhat popular. Now, people want to do something more unique.”
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Continued On Page 13 Continued On Page 15 SPECIAL SECTION GLENS FALLS BUSINESS JOURNAL Senior Living / Retirement
Retirement Considerations In Inflationary Times
Stacie Baxter at Heber Travel says there has been a high demand for travel.
More young people are doing point-to-point travel and foreign independent tours, she said. People are picking a short tour or cruise, then tack on extra time to do their own thing.
Even With Vacation Prices Rising, Area Travel Agents Say People Will Pay The Price
• Report
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After a decade of extremely low inflation, the rapid increase in costs of living we are experiencing has been difficult for most households, particularly retirees on a fi xed income. Many retirees are facing declining income along with increased expenses. Our current economic environment also provides lessons for everyone on how to position their personal fi nances for their retirement. How should retirees respond so as not to be overwhelmed by increased cost of living? First, determine your monthly income. Social Security benefits have and will continue to increase at a rate roughly equal to the core inflation rate. Unfortunately, Medicare premiums withheld may also increase, leaving beneficiaries with only a slight increase in net social security benefits.Revisit your sources of income other than social security. The stock market has declined significantly this year, and whether your retirement savings are in a 401k/IRA/Roth IRA, taxable investments, cash savings, or a combination of the amount you can comfortably withdraw depends on the nature of your investments and income generated by those investments. If you withdraw from investments based on a fi xed percentage of invested assets you will most likely be withdrawing less than in recent years. Sure, you can withdraw more than the percent planned but doing so will increase funds available for the future. Plan your withdrawals to minimize taxes, including State income taxes. Take advantage of the New York state exclusion of the fi rst $20,000 of pension income from tax. Consider selling investments that have little appreciation or even a loss, to minimize taxable gains. After estimating available income, review and estimate your monthly expenses and divide into recurring costs such as housing and household costs, transportation, food, medical, recreation/entertainment, dues and subscriptions and income taxes; and nonrecurring costs such as travel, major repairs, new vehicle and/or appliances, and gifts and contributions. Further divide these expenses into necessary and discretionary. If your budgeted expenses are covered by your estimated income, congratulations! If not, time to start paring down your spending. Look at discretionary expenses fi rst, and if they can not be cut or deferred, at least consider paying for them with nontaxable assets.
Stacie Baxter, sales manager at Heber Travel Services in Queensbury, sees a high demand for travel as well. “People are going everywhere,” she said. “I’m doing a lot of planning for Africa and South America for the end of the winter months.”
Warren County Ranked Second To Albany County In Annual Business Formation Growth
Warren County ranked second to Albany County in annual business formation growth, according to the Center for Economic Growth (CEG). The CEG recently published an analysis of U.S. Census Bureau data that shows 13,743 businesses in the eight-county Capital Region filed for an employer identification number (EIN) with the IRS in 2021—a 45 percent year-to-year increase. CEG said Warren County’s growth can be partially attributed to the increasing desire for residents to maintain a healthy work/ life balance, which is coveted since the onset of the COVID-19 pandemic. However, a balanced lifestyle is not possible if businesses and employees do not have access to reliable broadband connection.
The Docksider Restaurant Lake George, NY Open year round on Glen Lake in Queensbury, The Docksider Restaurant features lunch and dinner with a fireplace for winter and a great deck for outdoor dining overlooking the water.
Morgan & Co. Restaurant Glens Falls, NY Experience fine American dining in downtown Glens Falls at Morgan & Co. Every dish offers a unique and innovative twist on original recipes. Morgan & Co. also caters events from weddings to reunions and more!
Courtesy of GlensFalls.com Escape 298 Glen Lake Rd., Lake George, NY 12845
The Grateful Den Glens Falls, NY The Grateful Den offers a different take on traditional pub grub, as well as classic favorites like chicken wings, burgers, and salads. Their menu also includes specialty appetizers, sandwiches, and plenty of craft beer options on tap.
“The candidate clicks on a button or link that says you’ve been selected as a candidate for this job opening with these skills,” Montgomery said. “You could have thousands of people completing assessments. All you do is sit back and wait for the results.” Candidates are asked to answer a number of job-related questions. ConvIntl.ai decides the next question to asked based upon the previous answer, and continually redefines what a difficult, medium-difficult or easy question is based upon how all respondents answered that question.Companies are then given a candidate assessment report that shows which questions a person got right or wrong, and how they answered each question. The report also tells if the candidate agreed to being video taped while answering questions. This helps ensure integrity by showing how long it took to answer questions, and proving that they answered questions on their own without seeking outside help.So bottom line, the service tells employers the best people to choose from based upon their responses.“Nowif they want to call a few candidates, they can do that,” Montgomery said. “It’s a good idea, we recommend it. For example, they might want to ask: You answered Question 3 right, why did you answer that way? The HR director can also ask questions that aren’t part of the assessment, like are you willing to relocate? What is your salary expectation? “In the end, the HR director is very confident the person is suitable for that job. They can focus on all the important aspects of recruiting and not waste time reading resumes and questioning candidates on skills they may or may not be experts in.” TIMIT Solutions can be found at timitsolutions.com.
O’Toole’s Restaurant Pub Queensbury, NY Whether you’re looking for a relaxed meal or a night of fun and excitement, you’ll want to come to O’Toole’s. We’ve got the best food, drinks and entertainment in the area! Come on in and experience dining at it’s best. We look forward to seeing you. The Silo Restaurant Queensbury, NY We hate to brag, but The Silo has a reputation for being one of the best places in the region for breakfast, lunch and delicious cider donuts. Looking for jewelry and gifts? The Silo is also the area’s largest retailer of Ed Levin Jewelry Davidson Brothers Restaurant Glens Falls, NY Located in downtown Glens Falls, Davidson Brothers Restaurant & Brewery is a hotspot for craft beer and food in a laid-back atmosphere.
Glens Falls and surrounding towns have a variety of casual dining opportunities for every taste, budget and occasion. Find a Glens Falls NY restaurant from the list below. Park 26 Glens Falls, NY Park 26 is an innovative restaurant that offers locally-inspired, modern American cuisine that’s perfect for a date night, business dinner or family celebration. Located inside The Queensbury Hotel in Glens Falls. Jack’s American Bistro Queensbury, NY Jack’s American Bistro was the culmination of a lifetime spent in the restaurant business. After several months of planning in June 2004 the doors were open to a new dining experience in the Glens Falls/Queensbury area.
The View Restaurant at Dunham’s Bay Resort Lake George, NY The View Restaurant at Dunham’s Bay Resort in Lake George offers a front-row seat of its namesake bay and an expertly crafted menu that changes with the seasons. Fenimore’s Pub Glens Falls, NY Fenimore’s Pub in the heart of downtown Glens Falls is open daily for lunch and dinner.
He said access to world-class recreational activities and tourism destinations enrich both the personal and professional lives of county residents. Warren County offers a network of municipal parks, among stunning sites like Lake George (“Queen of American Lakes,”) West Mountain, Gore Mountain and the 1980 Olympic Center in LakeThisPlacid.wave of economic development is unique in that it is based on attracting people in addition to companies and organizations. Increasing numbers of our changing workforce are choosing where they will base themselves on places they find appealing to live, according to EDC President Jim Siplon. “Every day I meet new and potential professionals who are seeking affordable housing, access to major markets without having to live in them and the ability to live a unique and fulfilling lifestyle that includes access to nature and recreation,” he said. “Warren County is all of that and we are working to evolve our efforts around building a long-term sustainable economy and community around this incredible combination of appealing assets we can offer.”Visit www.edcwc.org for more on Warren County and the latest work of EDC. EDC Warren County is the economic development engine for Warren County, attracting new businesses to the area, and helping existing ones expand. It offers one-stop solutions for businesses seeking introduction to the county and its resources and for finance, real estate, workforce, and development-related assistance.
Very LUNCHFriendly!Family at 11:30am DINNER starting at 4pm Enjoy a viewbeautifulof Glen Lake! Seating for 100 Plenty of CoveredParkingDeckOpenPatio • Steamers • Shrimp Cocktail • Burgers • Wings • Pizza • Reubens • Club Sandwiches • Salmon • Cauliflower Crust Pizza • Oscar’s Smoked Pork Chops • Prime Rib (Fri. & Sat.) plus more! Daily!Open TuesdayClosed Dine OutsideLakeside!
518-792-3534 • Open Year Round • docksiderrestaurant.com Glen Lake Check us out on Facebook! 1.3 miles from the Light at The Great
Birch Bark Eatery Glens Falls, NY Birch Bark Eatery offers a wide variety of soups, sandwiches, burgers, salads, and baked goods - and it’s all 100% plant-based. They also offer catering!
14 • GLENS FALLS BUSINESS JOURNAL • AUGUST 2022
Doc’s Restaurant Glens Falls, NY Doc’s Restaurant is an upscale restaurant and cocktail bar in the historic Park Theater in Glens Falls, NY. They offer a delicious modern take on classic dishes, along with a hand-picked selection of wines, craft beers, and creative cocktails!
Glens Falls Area Restaurants
TIMIT Solutions Continued From Page 10 things, but we believe we are the only one that is not just accelerating, but eliminating steps in the hiring Companiesprocess.”interested in using ConvInt.ai are given a free two- to three-week pilot run, which includes training in how to set up specific questions, and “how to assess what you get back and what to do with it,” Montgomery said. For example, a company might need a sales force developer with expert or even medium administration skills. “We give you a link to access our product,” Montgomery said. “You go in and decide what skills you’re looking for and pick those from our database. Now you’ve created a role. That’s step one.”
Next, the employer decides how long it wants to offer the job, perhaps four weeks. Candidates may be invited to consider the position, using only their name and email address, or it can be posted on a job board or the company website.
The ongoing efforts of EDC Warren County provided widespread expansions of broadband throughout the county, removing a major obstacle for sustainable business growth in the region, officials said. “Broadband availability is a critical component of business formation growth in Warren County and the Adirondacks. Since the beginning of the pandemic there have been close to 3,000 addresses connected to fiber-based service particularly in the more rural areas of the county,” said John Wheatley, EDC Warren County vice president. “Having access to high-speed broadband enables many people to easily transition to remote work opportunities and we see that trend continuing in the post pandemic era.”
Listing
GLENS FALLS BUSINESS JOURNAL • AUGUST 2022 • 15 •• Available Commercial & Residential Properties We’d like to promote your commercial or residential property. Call us, 581-0600. BIRCHES MOTEL Wilton, New York Beautiful Saratoga Motel in a fantastic location close to shopping, business and the Saratoga Race Track! Minutes to Saratoga Springs! is lovely property boasts 11 spacious guest rooms & a fabulous owner’s apartment. Call Mitch for details! 617-610-7774 • mitch@muro ospitality.com
Schermerhorn, is said to be at the early stages of development plans for the site, in the process of selecting planners and architects for the design.Water Slide World was built in 1979 and featured the fi rst Wave Pool in New York State, added in 1984. After years of summer fun, Water Slide World stayed closed after the 2017 season. The park, with its 35 slides and attractions, drew thousands of visitors each summer. Its location at the corner of routes 9 and 9L is on the main strip of restaurants, businesses and entertainment venues in the bustling summer resort town.
NEWLISTING Electronic Monitoring Continued From Page 10 Water Slide World Sold Continued From Page 1 Retirement Considerations Continued From Page 12
saratogashowcaseofhomes.com SHOWCASE PROCEEDS BENEFIT: Bella Home Builders, Belmonte Builders, DSG Construction, Kodiak Construction, Peerless Builders, Trojanski Builders, Witt Construction PARTICIPATING BUILDERS 2022 Saratoga Showcase of Homes OCT. 8-9 & OCT. 15-16
Located in the beautiful hamlet of Greenfield Center, this sunlit beauty sits on 5+ acres just 5 miles/10 minutes to downtown Saratoga Springs. With 4 bedrooms, 2.5 baths spread out over the 3,000+above ground sf. Perfectly laid out for entertaining. Host parties overlooking your backyard vista of meadows, stone walls, pine groves and mountains. The lower level boasts a gym and additional flex space. Detached 30X40 three stall garage is trussed to allow 2nd floor 700 square foot studio or 2 floor 1 bedroom apt, plumbed for bath. Upgraded and maintained to perfection, this luxe property affords you privacy and serenity; your oasis away from all the hustle and bustle. Locust Grove Road, Greenfield Center, NY $749,000 Agent: Kathleen “Kati” Hauser 518.788.8606 | hauser.kt@gmail.com is required for out-of-state employees working remotely for a New York-based corporation, it is expected that the law would still apply. Considering that if the business is located in New York state and under the jurisdiction of the Attorney General, the provisions would seemingly still apply even if the employee was working out of state. While this law does not change much with regard to an employee’s use of technology in the workplace, it does help to clarify the relationship between employers and their employees and makes the monitoring of their communications a bit more transparent.Whileemployers should have already taken the proper steps to comply with this new law, those who still have questions about the proper implementation of these notices should contact experienced legal counsel. includes a mix of equities and bonds under the assumption that equities are riskier but allow for long-term growth while bonds are more conservative but provide income and security of principal. Well, we see what has happened to bond values as interest rates increase. Asset allocations should be based on not only the type of investment (equities or bonds) but also asset sectors. Try to structure your investment portfolio so that sufficient dividends and interest will be generated to cover the majority of your expected annual withdrawals.
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Finally, when projecting your expenses once in retirement, factor in inflation! Assuming an inflation rate of 2.5 percent, $50,000 of spending today would be $64,000 in ten years. If assumed inflation is 6 percent, the same $50,000 today would cost $89,500 in 10 years. If you are currently retired do not panic; reduce spending where you can and be strategic when withdrawing funds. If you have not yet retired take steps to position you fi nances to survive inflation and stock market declines more easily in ten or more years from now.
Tasting Room Continued From Page 1 Morcon Continued From Page 1
When you’re in business, sometimes you have to move quickly to make things happen. Your business banker should be just as quick. That means being smart enough to create solutions, and local enough to act on them right away. At Adirondack Trust Company, we take your success personally. We’re prepared for whatever comes your way. And we’re right here when you need us. AdirondackTrust.com introduced outdoor tastings. At the same time, they found that they were again running out of space and began work on the new building in Queensbury.Aformal ribbon-cutting and grand opening celebration is scheduled for 4-6:30 p.m. Wednesday, August 16. According to Sasha Pardy, their best seller is Berry Breeze, a rose wine infused with strawberry, raspberry, and blueberry natural flavors. The room offers wine tastings, two-ounce pours, and wine by the glass. They also serve wine slushies and some cocktail. Beer, cider, and spirits from other local producers are also available.Theroom can host private events of up to 85 people for birthdays, anniversarys, meetings, conferences, or team building. The company website is www.adirondackwinery.com. 40,000-square=foot warehouse facility to store finished goods. The company’s inventory its now stored at facilities in the Albany area. When the work is complete, Morcon’s corporate offices and main plant, with 65 employees, will be in Eagle Bridge. “I’m a stubborn individual, committed to New York,” Raccula said. “This is my home.”Morcon has been in business since 1987. Raccula purchased the company in 2013. He was formerly CEO of Finch Paper. The company has been growing steadily under hisMorconmanagement.islocated at 62 Owl Kill Road in Eagle Bridge. Their telephone number is 518-677-8511. Their website is www. morcontissue.com.
CAN YOUR BANK MOVE AS FAST AS YOUR BUSINESS?
16 • GLENS FALLS BUSINESS JOURNAL • AUGUST 2022
