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Month: September 2020

NYRA Calls 2020 Race Meet Without Fans A Success, With Handle Topping $700 Million

Posted onSeptember 14, 2020September 15, 2020
The 2020 meet at Saratoga Race Course was conducted without spectators due to the continued impact of the COVID-19 pandemic, but all-source handle topped $700 million.
Courtesy NYRA

The New York Racing Association Inc. (NYRA) successfully concluded its 2020 summer meet at Saratoga Race Course without interruption and with all-sources handle topping $700 million for the second consecutive year, officials said.
The meet was conducted without spectators and with only a limited number of essential personnel, horsemen and owners on-site due to the continued impact of the COVID-19 pandemic.
NYRA said all-sources handle for the 2020 summer meet totaled $702,535,468 compared to $705,343,949 wagered from all sources on Saratoga in 2019.

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Cuomo Gives Green Light For Casinos To Re-Open Across New York State

Posted onSeptember 14, 2020September 15, 2020
Saratoga Casino Hotel has been allowed by Gov. Andrew Cuomo to reopen, with specified health rules and social distancing rules in place.
Courtesy Saratoga Casino Hotel

Gov. Andrew Cuomo said on Sept. 3 that casinos are able to reopen on Sept. 9 if they have enhanced air filtration systems and with capacity capped at 25 percent.
Masks and social distancing are required. There are no table games or beverage service on the gaming floor, state officials said.
Casinos in New York, many of which are regulated by the state, have been in the dark about when they would be allowed to reopen. New York took its time to make the announcement as health officials tracked what was happening at casinos that have reopened in other parts of the country.
Upstate’s four state-regulated casinos, including Rivers Casino & Resort in Schenectady, and video lottery terminal parlors, such as Saratoga Casino Hotel, have been closed since mid-March to prevent the spread of the coronavirus.

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With Annual Showcase Of Homes Canceled, Plans Are Underway For A Television Special

Posted onSeptember 14, 2020September 15, 2020
CBS-6 news anchor Liz Bishop will host the Showcase of Homes TV special this fall.
Randall Perry Photography

Due to public health and safety concerns from the COVID-19 pandemic, this year’s Showcase of Homes tour event was cancelled. But the Saratoga Builders Association is planning to film a one-hour Showcase TV special that will air this fall.
It will include interviews, tours, and more, as we celebrate our areas finest builders, homes and developments. It will also provide a way for you to contribute to our two important and extraordinary local charities which normally benefit from ticket sales, organizers said. The show is currently in production.
The broadcast will be hosted by CBS-6 news anchor Liz Bishop and air exclusively on WRGB Channel 6.
The 12 builders being featured are: Beechwood Homes, Bella Home Builders, Belmonte Builders, Caruso Home Builders, Degraff-Bloom Custom Builders, Heritage Custom Builders, Kodiak Construction, McPadden Builders, The Earth Source Company, The West Saratoga Condos, Whitbeck Construction & Witt Construction.

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Beth Berlin Named Officer-In-Charge To Lead SUNY Empire State After Maltras Departure

Posted onSeptember 14, 2020September 15, 2020

State University of New York Chancellor Jim Malatras has named SUNY Empire State College Executive Vice President for Administration and Chief Operating Officer Beth Berlin as officer-in-charge at SUNY Empire State following Malatras’ appointment as SUNY chancellor.
Working with senior leadership at SUNY Empire, Berlin will continue the work begun under President Malatras to reform and streamline the college’s operations to enhance the student experience, increase access to higher education for more students, raise the public profile of the college, and build a solid financial foundation for future growth, college officials said.The SUNY Empire College Council will begin planning a presidential search immediately.
Berlin brings extensive experience in education leadership, having served since 2013 as executive deputy commissioner of NYSED, before being named interim commissioner in 2019.

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Personnel Briefs: September 2020

Posted onSeptember 14, 2020September 15, 2020

Geoffrey S. Mullen has been hired as a partner at Teal, Becker & Chiaramonte (TBC).
Mullen comes to TBC with 25 years of experience working in public accounting.
He has extensive experience in real estate partnerships, mergers and acquisitions, private equity portfolio companies; technology companies; state and local taxation and tax credits; flow-through companies; consolidated corporate tax filings; international tax planning; and real estate transaction planning.

* * *

The Towne Law Firm announced a major expansion of its professional team and its geographic reach to accommodate increasing client needs in multiple jurisdictions throughout the Northeast.
The firm now has 24 attorneys based in New York, Connecticut, New Jersey, Pennsylvania, Vermont, Massachusetts and Washington, D.C., including new offices in Glens Falls; Arlington, Mass.; and Sparta, N.J.

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Woman Opens Saratoga Chocolate Co. In Space In The Downtown Saratoga Marketplace

Posted onSeptember 14, 2020September 15, 2020
Allison Rose has opened her own retail shop, Saratoga Chocolate Co., in the Saratoga Marketplace on Broadway in Saratoga Springs.
©2020 Saratoga Photographer.com

By Jill Nagy
After four years of building a customer base through sales online, at seven area farmers’ markets and some 80 regional specialty stores, Allison Rose has opened her own retail shop, Saratoga Chocolate Co., in the Saratoga Marketplace on Broadway in Saratoga Springs.
The shop, which opened July 31, sells gourmet handmade chocolates and other sweets. “We make everything that we sell at the store,” she said.
Rose started in 2003 when she began making chocolate truffles as holiday treats for friends. She has since branched out into other chocolate confections and prides herself on balancing the right ingredients with the right chocolate.

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TOGA HERITAGE Opens At New Location On Broadway In Downtown Saratoga Springs

Posted onSeptember 14, 2020September 15, 2020
Deborah DePasquale is the owner of TOGA HERITAGE, a gift and home goods store that celebrates the history and spirit of Saratoga Springs, at 322 Broadway. ©2020 Saratoga Photographer.com

By Susan Elise Campbell
TOGA HERITAGE, a gift and home goods store that celebrates the history and spirit of Saratoga Springs, has moved to the “dream location” of owner Deborah DePasquale at 322 Broadway next to Congress Park.
Dreaming about it had little to do with the success of the transition. Good business planning did. Not only did DePasquale stick to her timeline of moving into a larger location right after her third year in business, but she did it at the beginning of the coronavirus pandemic.
“We were ready to move a year ago, but it took that long to find the right spot,” she said. “The goal was to buy something unique and possibly historic, and this was one of our top three desired locations.”
The building goes back to 1884 and was once home to Congress Theatre. The space opened up when the previous retailer, Hatsational, left the space to consolidate with another of its downtown locations.
DePasquale said the previous owner renovated the entire building interior in 2016.

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SUNY Empire State Offers Its First Doctoral Degree: Educational Leadership And Change

Posted onSeptember 14, 2020September 15, 2020

SUNY Empire State College has launched its first doctoral program in the college’s nearly 50-year existence.
The Ed.D. in educational leadership and change will prepare current educational leaders to advance their education and careers while learning how to lead positive change in colleges, universities and communities, officials said om Aug. 27.
As educational systems face mounting challenges from the COVID-19 pandemic and a rapidly changing workforce, the program will address both day-to-day and long-term issues confronting educators to prepare them for leadership positions in higher education institutions, college officials said.
Applied coursework will focus on educational trends, organizational issues, and policy, including rigorous training in research methodology enabling graduates to analyze challenges facing their institutions in a broader national and global context.

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Momentive Performance Materials Invests $15M To Expand Work At Waterford Plant

Posted onSeptember 14, 2020September 15, 2020

By Christine Graf
Momentive Performance Materials in Waterford announced plans to invest $15 million in specialized electronics materials production at its Waterford plant.
The company is investing $40 million overall as part of its global transition from commodity basics chemicals to specialty silicones.
Momentive officials also said they are moving forward with recently announced plans to sell its consumer sealants business to Henkel, a chemical and consumer good company headquartered in Germany. Although the sale will include GE-branded consumer sealants, GE-branded construction sealants are excluded.
Financial terms of the sale were not disclosed, and Momentive will continue to manufacture consumer sealants in Waterford through 2021, the company said.
The company has been in business since 1947 and has 36 offices in 17 countries. Its products are used in many industries including healthcare, telecommunications, electronics, personal care, construction, transportation, agriculture, and energy.
“The $15 million investment we are making is really going to augment our capabilities and our capacities in one of our most exciting, fastest growing business—electronic materials,” said Sandip Tyagi, president and general manager of formulated specialties. “This is really in line with our overall strategy of continuing to transform our company into a more specialty chemical business.”
The specialty chemical business targets several end markets that Tyagi described as “extremely exciting and fast growing.” They include telecommunications infrastructure, and e-mobility. The e-mobility market encompasses fully electric, plug-in hybrid, and hydrogen fueled vehicles as well as other electric powered technologies.

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‘NBT Guided Investor’ Launched As Digital Investment Tool In Partnership With Schwab

Posted onSeptember 14, 2020September 15, 2020

NBT Capital Management, a business unit of NBT Bancorp Inc., has launched NBT Guided Investor, a new digital investment solution in partnership with Schwab Performance Technologies.
Guided Investor is a digital solution that offers fully-online investment management capabilities. According to bank officials, accounts can be opened in as little as 10 minutes and are supported by a dedicated financial advisor.

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