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Month: March 2017

Townley And Wheeler Funeral Home Is Both A Business And ‘A Calling,’ Says Its Owner

Posted onMarch 3, 2017
Kathleen Lowes Sanvidge is the owner of Townley and Wheeler Funeral Home.
Maureen Werther

By Maureen Werther

Some people may wonder why a person would choose mortuary science as a profession, and others might even consider it to be depressing. For Kathleen Lowes Sanvidge, being a funeral home director is the fulfilment of what she terms a God-given gift.

Lowes Sanvidge is the owner of Townley and Wheeler Funeral Home at 21 Midline Road in Ballston Lake, which she purchased four years ago after working as a funeral director in the Clifton Park area for 20 years. Owning her own business has meant being able to do the work she feels she was meant to be doing, while offering the compassionate care to her clients and their departed loved ones.

Lowes Sanvidge first became interested in the profession as a Shenendehowa senior. She had an internship at Ellis Hospital, where she met people who worked in the funeral home industry. She said she realized they were a special kind of people with whom she related on a spiritual level. After graduating from Shenendehowa, Lowes Sanvidge went on to obtain a degree in mortuary science from Hudson Valley Community College.

Over 25 years later, Lowes Sanvidge is more invested in her work than ever. 

“This is not a morbid business,” she said. “Doing this work fills me with a sense of grace and purpose that I realize not everyone is fortunate enough to feel.”

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SEDC Creates, With Clarkson University, An Advisory Team To Mentor New Businesses

Posted onMarch 3, 2017
Ryan VanAmburgh, left, shakes hands with Clarkson University President Anthony Collins at the finalization of an agreement under which the college will give support to early-stage businesses.

Following through on a key element of its 2016  Advance Saratoga priorities, Saratoga Economic Development Corporation (SEDC) has formed an Advance Saratoga Startup Advisory Team to mentor early-stage businesses.

Officials said it supports SEDC’s mission to promote, retain and grow talent, investment and job opportunities.

Local entrepreneur networks like Sharatoga Tech Talks and similar regional tech executive meet ups revealed a desire among Saratoga area entrepreneurs for access to professional expertise to help overcome challenges to business growth, said Dennis Brobston, president of SEDC.

Clarkson University’s Shipley Center for Innovation operates six business incubators and has agreed to provide support services to new entrepreneurs and early-stage project teams and companies for the Advance Saratoga startup platform.

“Talent begets talent,” said Brobston. “Inspiring, mentoring and accelerating growth companies to do business here will be enhanced by facilitating access to the world-class talent and reach of our member investors and other area experts.”

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Development Officials In Glens Falls Region Await State Decision On Grant Spending Plan

Posted onMarch 3, 2017
This portion of downtown Glens Falls, looking across South Street, with South Street in foreground and School Street on left, is a portion of the Glens Falls Downtown Revitalization Initiative (DRI).

By Jill Nagy

Glens Falls planners and city officials have had the job for the last few months of deciding how to spend $10 million. The money comes in the form of a grant from the state’s Downtown Revitalization Initiative.

They came up with more than a dozen programs and initiatives ranging from a year-round farmers’ market to a “race for space”  contest.

Plans were presented to the public at a Feb. 23 meeting. The final wish list will be reviewed by a statewide committee and then passed along to the governor, according to Ed Bartholomew, president of EDC Warren County.

Each proposed project will be reviewed. Bartholomew said the proposals total more than $10 million. If all 14  of them are approved, the city will seek other funding to make up the difference.

A decision is expected from the state in late summer.

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Job Retention Is As Important As Job Creation When It Comes To A Strong Local Workforce

Posted onMarch 3, 2017
Martin Vanags is president of the Saratoga Prosperity Partnership.
Courtesy Saratoga Prosperity Partnership

By R.J. DeLuke

A huge component of economic development is helping existing businesses, looking to expand, find a local solution that meets their needs, and also connecting the right dots so that businesses looking to come into Saratoga County can do so with relative ease.

A key part of both of those situations is having a workforce that meets the needs of the employer, said Marty Vanags, president of the Saratoga County Prosperity Partnership.

The Prosperity Partnership, along with the Saratoga County Chamber of Commerce and Chamber of Southern Saratoga County, announced less than a year ago a business retention and expansion initiative dubbed Business First Saratoga.

It is intended to serve local business owners by developing relationships to better understand the opportunities and challenges of doing businesses in the region. An area that the program tries to assist businesses with is  workforce development.

“Employers are having a difficult time finding employees to work at their facilities,” he said. “I hear it all the time.”

Some of the need to find employees comes as the work demographic changes, he said. Baby Boomers are getting to the point of retirement those jobs need to be filed.

Skills that are required today are different as technology put a stronger stamp on how things are accomplished.

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Business Report: Trump Presidency And Tax Planning

Posted onMarch 3, 2017
Jane-Marie Schaeffer is a senior associate with the Herzog Law Firm.
Courtesy Herzog Law Firm

By Jane-Marie Schaeffer

How can you best tax plan in 2017? Will the proposals of the Trump campaign impact your immediate plans? The answer is “depends.”

There are certain changes that were already scheduled to happen in 2017 irrespective of the election results. In addition, while there will be more changes if President-Elect Trump’s proposed tax plan gets passed, most would not take effect until 2018.

Individual income tax – brackets and rates

Currently, there are seven income tax brackets and they are expected to remain in place in 2017. Income tax rates range from a low of 10 percent to the maximum of 39.6 percent. For married couples, the maximum tax rate of 39.6 percent will apply only after adjusted gross income reaches $470,700. Capital gains will continue to be taxed at 0 percent, 15 percent or 20 percent, depending on your income level.

If the tax proposals Trump’s campaign presented were enacted, it would simplify the tax code by reducing the number of income tax brackets from seven to three (12 percent, 25 percent and 33 percent), with the highest bracket starting when adjusted gross income reaches $225,000 for a married couple.

This would result in a significant reduction in taxes collected overall, however results at specific income levels would vary depending on the deductions and credits that would be available to each taxpayer. Capital gains tax rates would remain the same under Trump’s plan.

Individual income tax – deductions and misc.

The annual standard deduction gets a small increase in 2017, up to $6,350 for individuals and $12,700 for married couples. The personal exemption amount did not change and remains at $4,050 per person. Taxpayers have the choice of using either the standard deduction or the itemized deduction (whichever is higher).

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State: Cybersecurity Rule Will Help Financial Services Industry Avoid Costly Cyber Attacks

Posted onMarch 3, 2017

New York state has adopted a cybersecurity regulation that officials say will protect New York’s financial services industry and consumers from the threat of cyber attacks. It took effect March 1.

The regulation requires banks, insurance companies and other financial services institutions regulated by the Department of Financial Services to establish and maintain a cybersecurity program designed to protect consumers’ private data and ensure the safety and soundness of New York’s financial services industry.

“New York is the financial capital of the world, and it is critical that we do everything in our power to protect consumers and our financial system from the ever increasing threat of cyber-attacks,” Gov. Andrew Cuomo said.

He said the protections “will help ensure this industry has the necessary safeguards in place in order to protect themselves and the New Yorkers they serve from the serious economic harm caused by these devastating cyber-crimes.”

State Department of Financial Services Superintendent Maria T. Vullo said the  regulation “is ensuring that New York consumers can trust that their financial institutions have protocols in place to protect the security and privacy of their sensitive personal information. As our global financial network becomes even more interconnected and entities around the world increasingly suffer information breaches, New York is leading the charge to combat the ever-increasing risk of cyber-attacks.”

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NYSERDA Website Provides Business Info For New Clean-Energy Companies Across The State

Posted onMarch 3, 2017

The New York State Energy Research and Development Authority (NYSERDA) in February launched a new website that provides early-stage, clean-energy entrepreneurs with individual, secure business assessments and resources to help them grow their companies.

Officials said the success of clean tech companies is vital to advancing the state’s Reforming the Energy Vision (REV) strategy to build a cleaner, more resilient and affordable energy system for all New Yorkers.

The website, www.StartupGPS.org, features an interactive survey enabling entrepreneurs to supply information that will be used to assess their team skills, product development, marketing and internal operations. Upon completion of the survey, users receive a report showing core business development areas that are the most complete and which ones need attention.

Technologies developed by new and emerging clean energy companies will help New York meet the Clean Energy Standard to have 50 percent of electricity used in the state come from renewable sources by 2030, officials said.

“New York State is attracting more and more clean tech entrepreneurs,” said John B. Rhodes, president and CEO, NYSERDA. “StartupGPS.org is another state resource to help these innovative companies create jobs here as we continue to build a robust clean energy economy.”

Along with the survey report, companies are guided toward the most helpful resources in the StartupGPS.org library of more than 300 documents, templates, articles and presentations organized by topic. Website visitors do not need to complete the survey to access the library. Reports with the private, secure results of the business assessments are stored by the website so each company can track its progress. The reports can be deleted at the company’s request at any time.

Read More

New Gaffney’s Owners Keep Old Feel, Bring New Menu To Caroline Street Establishment

Posted onMarch 3, 2017June 13, 2018
Zach Cutler, corporate executive chef for Saratoga Hospitality, raises at glass at Gaffney’s on Caroline Street in Saratoga Springs. The group recently took over ownership of the establishment.
©2017 Saratoga Photographer.com

By Liz Witbeck

Saratoga Springs has many iconic establishments, from the race course to the Saratoga Performing Arts Center. The restaurants downtown are also well known by locals and tourists alike. Perhaps one of the most beloved is Gaffney’s, a restaurant and bar at 16 Caroline Street.

The establishment is now under new ownership, with a new menu after longtime owner John Baker sold the business recently.

The business was purchased by Saratoga Hospitality. The company also owns Max London’s Restaurant, Mrs. London’s Bakery and Café, and the Saratoga Stadium, all in Saratoga Springs.

Saratoga Hospitality officially took over in late January 2017.

Zach Cutler is corporate executive chef, working with each of the Saratoga Hospitality locations. He is excited for the transition of ownership and has been hard at work crafting a new vision for the dining experience at Gaffney’s. Cutler is confident his team will continue to make the Gaffney’s brand proud, and build on what has already been established.

“He wanted to make sure it went into the right hands,” Cutler said of Baker. “It’s a Saratoga staple. It’s a place that resonates around the country and around the world. It’s a brand that John built and that we want to build upon.”

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