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Business News: January 2013 Archives

Chamber Of Southern Saratoga County Adds Staff In Reorganzation That Takes Effect In 2013

January 7, 2013

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Christine Donahue fills the position of VP of finance and administration
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Nigar Hale is in the new position VP of membership and marketing
The Chamber of Southern Saratoga County has reorganized and realigned staff responsibilities to better fit the program of work for 2013-15 and beyond.

Pete Bardunias, Chamber president and CEO, said the changes took effect Jan. 1. Christine Donohue assumed the new position of vice president of finance and administration.

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SEDC Will Work In 2013 To Make Sure Local Firms Adapt To Global Economic Changes

January 7, 2013

By Denis Brobston 
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Denis Brobston, president, Saratoga Economic Development Corporation.
As we reflect on 2012 and attempt to forecast the economy in Saratoga County in 2013, I can't help but be grateful for our past successes because we would be much worse off if we did not have them.

This year is SEDC's 35th anniversary and an opportune time to reflect on where we have been and where we are going in the future. In Saratoga County we don't day trade, we invest for the long term and the investments we have made over the past 35 years are paying off today in tax base, quality jobs and a quality of life unmatched in the rest of upstate New York. We are lucky but that doesn't mean we can stop now. In 2013, we need to get back to the drawing board and lay out the framework for building on our success.
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Mike O'Sullivan Is 2013 Board Chairman Of Saratoga County Chamber Of Commerce

January 7, 2013

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Mike O'Sullivan will steer the Chamber board of directors in 2013
The Saratoga County Chamber of Commerce board of directors Mike O'Sullivan, publisher of the Saratogian, as the chairman for 2013.

Others serving on the board this year will be Susan Halstead, owner of Family Vision Care as the immediate past-chairwoman; Stephan von Schenk, executive vce president of The Adirondack Trust Co. as the chairman-elect; Matt Jones, Jones Law Firm, and Valerie Muratori, executive director of Saratoga Bridges, vice chairpersons; David Collins of DA Collins as treasurer; and Dennis Albright owner of T-Shirt Graphics as secretary.

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Adirondack Trust Co. To Add Two Directors, Charles V. Wait Jr. And Douglass T. Mabee

January 7, 2013

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Charles V. Wait Jr. is vice president of legal and regulation at Adirondack Trust
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Douglass T. Mabee is the fifth generation of his family to be with the bank
The Adirondack Trust Co. announced that Charles V. Wait Jr. and Douglass T. Mabee were nominated to stand for election to the company's board of directors at the annual stockholders' meeting on Feb. 6.

Wait is a vice president of legal and regulation at company, which includes the analysis of regulations, credit and vendor information. Wait joined the company in 2009.

Mabee is a third-party consultant for Tetra Tech, an environmental consulting firm that is ranked number one in water services by Engineering News-Record. He works as an environmental inspector, overseeing permitting issues for pipeline construction projects.

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Adirondack Trust Allegiance Bowl Raises $10,000 For Soccer and Football Programs

January 7, 2013

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From left, Margaret Noel, Scott Perkins, Bob Turner, Tim Garland, Mark Baker, and Robert Ward hold a $10,000 check that was raised at the Adirondack Trust Allegiance Bowl
Allegiance Bowl Committee Inc. recently presented a check in the amount of $10,000 to the Saratoga-Wilton Soccer Club and Ballston Spa Pop Warner football and cheerleading programs. The check represents the net proceeds from the eighth annual Adirondack Trust Allegiance Bowl featuring sprint football teams from Army and Post University held last fall at Saratoga High School.

"We are extremely pleased that the community turned out to support this charity event and its beneficiaries, Saratoga-Wilton Soccer Club and Ballston Spa Pop Warner football and cheerleading," said Scott Perkins, Allegiance Bowl Committee chairman.

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Esperanto's Expands Into Burlington, Vt., With Menu Similar to Saratoga Springs Site

January 7, 2013

By Pamela Fisher

A local favorite eatery has opened a second location, this one in Vermont. After serving lunch, dinner, and latenight fare to the Saratoga Springs community for more than 18 years, Esperanto, located at 4 Caroline St., opened its second site in September at 113 Main St. in Burlington.

"We have been actively looking for a new location for the last couple of years, and Burlington seemed like a natural fit for us," said restaurant manager, Chris Biddle. "It reminds us a lot of Saratoga--a college town, a lot going on in the summer, always something going on to keep us active in business year-round." 

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Meme's Florist In Corinth relocates Store to a 'More Noticable' Main Street Property

January 7, 2013

By Pamela Fisher

Meme's Florist, previously at 116 Maple St. in Corinth, relocated to 118 Main St. as of Dec. 1. A longtime member of the Corinth and Saratoga County business communities, the shop moved in an effort to revitalize Main Street in Corinth, said owner Bobbie Tompkins.

Meme's Florist "is back home," Tompkins said.

Tompkins is the longtime floral manager and lead designer for Meme's Florist and has been working at the shop for more than 15 years. In June 2011, She purchased the business from previous owners Scott and Kay Moberg. She saw many benefits in returning the business back to its original location.

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'Make A Difference' Event Raises $100,000 Earmarked For 26 Charities In The Region

January 7, 2013

Saratoga Casino and Raceway's eighth annual Make a Difference event held in December marked the donation of $100,000 to 26 local charitable organizations.

Those donations contributed to an overall $250,000 provided for community support by the casino in 2012, company officials said. More than 150 people attended the event at the casino's Vapor Night Club.


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Saratoga Beauty Bar On Northern Pines Road Features Five Stylists, Amenities, Ample Parking

January 7, 2013

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Ryan DeLorenzo, left, and senior hairstylist Alyssa Hatin stand with Saratoga Beauty Bar owner Bobby Machnick, at the salon located on Northern Pines Road
By Barbara Brewer La Mere

Bobby Machnick, having spent seven years at Sanctuary Salon and Spa on Railroad Place in Saratoga, admits to having been more than a little nervous at the prospect of moving his business, now Saratoga Beauty Bar, out of downtown to a new location at 23 Northern Pines Road.

But since the move, Machnick says that business at the high-end, full-service spa and salon is good.

He said clients from as far away as Clifton Park and Albany have followed him and his staff to the new location, which is located at the Ballard Road end of Northern Pines.

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Two Historic Saratoga Springs Buildings See An Exchange Of Ownership Moving Forward

January 7, 2013

The owners of two noteworthy buildings in Saratoga Springs have agreed to an exchange of ownership.

The building at 17 Maple Ave., formerly the site of The Metro night spot and restaurant, and 446 Broadway, the Silverado building, are the subjects of that arrangement.

The 17 Maple Ave. was owned by Melissa Paquet of Miranda Realty. It was purchased and renovated by Peter Paquet in the 1970s and under his direction The Metro became one of the most popular nightclubs in the region. Saratoga Historic Restorations, owned by Thomas Gardner and Mark Straus, is taking over that structure.
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Stewart's Shops' Holiday Match Program Raises $1.34 Million For Region's Charities

January 7, 2013

The 26th annual Stewart's Shops' Holiday Match program again topped the $1 million dollar mark in contributions for local children's charities.

The company announced that Stewart's customers donated $672,000. Stewart's Shops is matching that amount, with a total of over $1.34 milllion to be distributed in March.

"These are difficult times for many families and despite the economic challenges we are always impressed with the generosity of our customers," said Susan Dake, Stewart's Foundation president.
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Merrill Lynch Moves To Division St. Locale Citing 'Tremendous Growth And Success'

January 7, 2013

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The staff of Merrill Lynch gathers in the lobby of its new offices at 18 Division St. in Saratoga Springs, where the company has 3,500 square feet on second-floor space
By Jill Nagy

Thanks to "tremendous growth and success in the last year and a half," the Saratoga Springs office of Merrill Lynch is about to move to larger quarters, according to John David Cornell, resident director of the office.

The office opened in September 2011 with two advisors (formerly called brokers) and one administrator. Today, there are nine advisors, three other staff members and two part-time staffers. Cornell said he is looking to hire more.
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2013 Economic Forecast - Jim Tedisco State Assemblyman

January 7, 2013

By Assemblyman Jim Tedisco

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State Assemblyman Jim Tedisco (R,C,I) Schenectady-Saratoga.
Remember when "it was the economy, stupid?" Well now, "it's the spending, stupid" or lack of real spending priorities that could endanger the long-term health of our nation's economy. The federal government on track to try to spend its way to a more perfect world may just be destroying a great one and its economy.

Trillion dollar deficits and financially faltering Social Security and Medicare programs didn't happen in and of themselves. Simply put, they (meaning all those who profess to be our representatives on the federal level) left IOUs and spent the money. Now they are in the business of blaming each other for doing so and haven't got a clue on how to fix it. 
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2013 Economic Forecast - James T. Towne, Esq.

January 7, 2013

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James T. Towne, Esq., principal at Towne Ryan & Partners, PC, Saratoga
By James T. Towne Jr.

The prospects for the legal community in Saratoga and the Capital Region in 2013 remain vibrant, especially when gauged against the national legal scene. New businesses continue to form in the area bringing new residents moving here as the inevitable result of the generally strong business environment in Saratoga County.

And from what we hear-they love the area's many amenities. So the successful branding of Saratoga as the place to be in the Northeast has worked wonders in facilitating attracting business and new residents. 
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2013 Economic Forecast - Gordon Boyd of EnergyNext

January 7, 2013

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Gordon Boyd, president of EnergyNext Inc. in Saratoga Springs.
By Gordon Boyd

Energy consumers concerned about cost controls for their businesses should look ahead to 2013 much as they did a year ago at 2012.

Relatively low prices for natural gas, coupled with economic recovery, could lead to modestly higher costs, so for those who value stability, and predictability, fixed pricing is pretty attractive for both electricity and natural gas.

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2013 Economic Forecast - Pete Bardunias of Southern Saratoga County

January 7, 2013

By Pete Bardunias
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Pete Bardunias, president/CEO, Chamber of Southern Saratoga County
As 2013 dawns, we are coming off of a year of great promise for our county and Tech Valley as a whole but one of substantial uncertainty in other areas of the state and nationwide. For this reason we are wise to count our blessings and be mindful of the hard work and dedication needed to stay at the peak of our economic potential.

Success is no accident. Hard-working business owners, corporations, civic and political leaders, and concerned citizens are all part of a tapestry that together makes Saratoga County one of the fastest growing counties with one of the lowest unemployment rates in the entire state.
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2013 Economic Forecast - Tori Riley Washington County LDC

January 7, 2013

By Tori Riley
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Tori Riley, executive director, Washington County Local Development Corp.
Washington County is ripe and ready with a wide selection of possibilities and locations to spring investment, business ventures and ideas to life. That's our story and we're sticking with it.

The primary service offered by our LDC is lending. We finance start up endeavors, equipment and real estate investments just to name a few. We partner with financial institutions to make deals work for businesses, as well as offer community development investment programs for developers. Whether its equipment for upgrading existing machinery or adding production lines, buying or building a facility, working capital or job creation; we have the lending programs with the funding available to encourage growth, across sectors, throughout the county. 

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Firehouse Dedicated On Route 9 In Malta

January 7, 2013

The Wilton Fire District recently dedicated its new Station 2 building in Malta.

The facility on Route 9 was designed by C.T. Male Associates Engineering, Surveying, Architecture & Landscape Architecture, PC.

The district's program objectives going into this project were to improve response time to calls and to improve the protection of the residences and businesses on the east side of town, officials said. 

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Albany Medical Center Neonatal ICU Gets Praise For Stopping Bloodstream Infections

January 7, 2013

Albany Medical Center's Neonatal Intensive Care Unit (NICU) is the first Level IV NICU in upstate New York to have completely eliminated central line-associated bloodstream infections (CLABSI's) over a 12-month period.

According to the hospital, the unit also outperformed the national recommendations in 2011, with the lowest rates for any of the 18 state Department of Health-designated regional perinatal centers.

"Reaching this mark reflects Albany Med's long-term commitment to achieving quality benchmarks," said Dr. Michael Horgan, division head of neonatology at Albany Med's Children's Hospital.
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Zume Fitness Offers A Variety Of Programs To Help People Stay Fit While Having Fun

January 7, 2013

By Eva Weaver
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Zume Fitness strives to make exercise fun and to provide an environment that people love going to, says Michelle Palladino, a partner in the new business
Specializing in group fitness with an emphasis in aerial arts instruction, cycle, zumba, dance fitness and warm yoga, Zume Fitness strives to make exercise fun, to keep it fresh and to provide an environment that people love going to on a regular basis, says Michelle Palladino, a partner in the new business.

"Our motto for our classes is 'exercise in disguise,'" she said.

Palladino and her partners Henry Seth and Miranda Weese all share a passion for exercise and fitness. They opened the doors at Zume Fitness about eight weeks ago and currently have 130 practitioners with a goal to build to 500 practitioners in the near future.
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2013 Economic Forecast - Todd Shimkus of Saratoga County Chamber

January 7, 2013

By Todd Shimkus, CCE
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Todd Shimkus, president, Saratoga County Chamber of Commerce
This past year, I was honored to have been elected to serve on the board of directors of the American Chamber of Commerce Executives (ACCE). During my first board meeting in Chicago, in April of 2012, the fifty assembled chamber leaders from around the U.S. were asked to share the most significant challenge facing their community at that moment in time.

The challenges facing many of the communities represented there that day were daunting--significant job losses, high unemployment, substantial numbers of business closings, high downtown vacancy rates, the impact of catastrophic natural disasters on their communities, and brutal political battles resulting in paralysis or significantly higher taxes or cuts to local services. 
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2013 Economic Forecast - Dhiana Yezzi of Integrated Staffing

January 7, 2013

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Dhiana Yezzi, owner, Integrated Staffing, Saratoga Springs.
By Dhiana Yezzi

With the fiscal cliff negotiations behind us and despite the upcoming debt ceiling debates, the employment outlook for 2013 should continue its positive, albeit slow, pace.

After 34 straight months of job growth, the positive trend is likely to continue. Employers added 155,000 jobs in December, in line with economist's forecasts. Previous recoveries have seen much more dramatic growth such as 1982- 1983 where 450,000 jobs were added monthly after a difficult recession. 

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