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Month: June 2025

BOCES To Break Ground On $96M Wilton Campus To Train Students For High-Demand Careers

Posted onJune 23, 2025July 7, 2025
Architectural rendering of the new $96 million BOCES campus in Wilton, scheduled to open in 2027. The facility will expand access to career and technical education, special education, and workforce training.
Courtesy WSWHE BOCES
Editor’s Note: July 7, 2025
This article incorrectly stated in the headline that BOCES had broken ground on its new $96 million Wilton campus. The groundbreaking has not yet occurred. The headline has been updated to reflect that the event is forthcoming.

By Paul Post

BOCES officials are eagerly awaiting groundbreaking for a $96 million campus that will increase capacity for current programs such as construction trades while making new offerings such as green energy and a standalone electrical course possible.

Plans call for three buildings totaling 290,000 square feet on 25 acres at the corner of Ballard and North roads, just off Exit 16 in Wilton. Two buildings would be for special education (grades K-6 and 7-12) and a third for career and technical classes.

 The complex would replace the current Southern Adirondack and F. Donald Myers learning centers in Hudson Falls and Saratoga Springs, respectively.

A BOCES program for special education elementary students at the Sanford Street School in Glens Falls would also move to Wilton.

“Currently we tend to have a wait list for our programs,” BOCES District Superintendent Turina M. Parker said. “So we’ll be able to take more students into current programs. And some programs we’re only able to offer at one center now. All programs will be offered at the new center, so it expands our capacity to serve all 31 school districts in the five counties we serve. It expands our reach for students across the region.”

Approximately 1,275 students from Warren, Washington, Saratoga, Hamilton and Essex counties are currently enrolled in local BOCES district courses, and some from the immediate Capital District as well.

Groundbreaking on the new center is scheduled for this fall and it’s expected to start welcoming students in September 2027. 

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Belmont Stakes Heads Back To Saratoga In 2026 As Fans And Businesses Celebrate Success

Posted onJune 23, 2025
The lead pack rounds the first turn at Saratoga Race Course during the 2025 Belmont Stakes. The historic race will return to Saratoga for a third and final time in 2026.
Courtesy NYRA

By Paul Post

The Spa City has hit the trifecta of Belmont Stakes fortunes as the historic race will be back next year for a third and final time.

Dust is still settling from this year’s five-day racing festival and officials are already making plans for an even bigger and better event.

“By all measure, the 2025 Belmont Racing Festival supported by the popular Belmont on Broadway concert was an overwhelming community and economic success,” said Greg Connors, Saratoga Economic Development Corporation president. “Feedback from our organizational stakeholders, business owners, the hospitality industry as well as city and county residents has been almost unanimously favorable and positive. Business and community organizers took lessons learned from our 2024 experience and made changes to our 2025 efforts to the benefit of all concerned.”

“We do look forward to welcoming the international and national audience back to Saratoga County in 2026,” he said. “The substantial economic impact on not only Saratoga, but the Capital Region is significant. Historically, the traditional Saratoga meet contributes an estimated $9 million per day to the local economy.”

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The Albany Med Health System Elects Daniel T. Pickett III To Chair Its Board

Posted onJune 23, 2025
Daniel T. Pickett III has been elected chairman of Albany Med Health System board of directors.

Capital Region entrepreneur Daniel T. Pickett III has been elected chairman of the Albany Med Health System board of directors, beginning a two-year term July 1.

Pickett is founder and CEO of AptiHealth, a behavioral-healthcare company that connects high-need patients with comprehensive care, and CEO of Hudson River Capital Holdings, a private investment firm. He previously served as president of Zones and CEO of nfrastructure, two global technology companies, and joined the Albany Med board in 2012 when it oversaw only Albany Medical Center and Albany Medical College. Today, the board includes 30 members guiding a system that spans multiple hospitals, outpatient sites, the Albany Med Research Institute and partnerships with affiliated organizations across northeastern New York.

“A strong health-care network allows communities to thrive,” Pickett said. “Having 16,000 colleagues who live and work here means we understand local needs. It is an honor to lead a System that remains independent and able to define the future of care. As we move forward, we must develop new approaches to meet patients where they are.”

Pickett plans to focus on workforce development, expand access to specialized services such as cardiac and oncology care, and deepen integration among the System’s hospitals. The Albany Med Health System, the region’s largest private employer, offers more than 60 specialty services across 125 locations in New York’s Capital Region and the Hudson Valley, with an annual economic impact exceeding $2 billion.

Recent expansions include bringing pediatric specialties to communities that previously lacked them, launching mobile health units to serve rural areas, and investing in graduate medical education partnerships to train the next generation of providers. The System also continues to invest in telehealth and remote monitoring to reach patients in their homes and reduce barriers to care. Through charity-care programs and community clinics, Albany Med provides free or discounted services to underserved populations.

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Arrow Bank Names Shannon Richards As VP Commercial Relationship Manager

Posted onJune 23, 2025
Shannon Richards joins Arrow Bank as VP, Commercial Relationship Manager in the Capital Region.

Arrow Bank National Association is pleased to welcome Shannon Richards as Vice President, Commercial Relationship Manager.

Based in the Capital Region, Richards will work to expand commercial banking relationships, bring new clients to the bank and collaborate across business lines to deliver a full range of financial solutions. In addition, she will be actively involved in local events and initiatives, reinforcing the bank’s strong presence and commitment to the communities it serves.

Richards brings extensive experience in relationship management and a proven track record of building trusted connections across industries. Her role will continue to prioritize personalized service and long-term partnerships throughout the Capital Region.

Richards most recently served as Vice President, Business Banking Relationship Manager at KeyBank. As part of that role, Richards focused on championing women-owned businesses and women leaders throughout the region. She acted as chair and co-chair of Key4Women and played an integral role in fostering a vibrant network of professional women, speaking at events such as Women of Excellence and the WERC Awards.

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Tripi Named Region 5 Director Of ALDONYS

Posted onJune 23, 2025

Chris Tripi, owner and principal detective of Tripi Detective Agency, LLC, has been appointed as the Region 5 Director of the Associated Licensed Detectives of New York State (ALDONYS). This prestigious appointment recognizes Tripi’s extensive expertise and commitment to the field of private investigation.

Tripi is licensed and bonded in New York State and holds numerous professional certifications, including FAA certification as a drone pilot (sUAS). His educational background includes a bachelor’s degree in Computer Science from SUNY Westbury and a Master’s degree in Information Systems from Pace University.

“Chris has been a dedicated member of ALDONYS and brings decades of experience helping individuals and organizations navigate complex investigative challenges. We are thrilled to have him on the Board of Directors,” said Matthew Spaier, ALDONYS Chairman of the Board.

ALDONYS is the largest private investigator organization in New York and a leading voice for the profession. As Region 5 Director, Tripi will play a key role in supporting licensed detectives across the Capital Region.

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Business For Good Foundation Broadens Mission To Tackle Wealth Gap Across the U.S.

Posted onJune 23, 2025

Ed Mitzen, Co-Founder of Business for Good Foundation [right] and Maire Masterson, Executive Director of Business for Good Foundation [left].
Business for Good, a non-profit philanthropy committed to bridging the wealth gap in America, has announced plans to expand its mission and community work beyond the Albany/New York Capital region. New areas of focus will include economic mobility, business growth and entrepreneurship, workforce & community development and housing accessibility & affordability. Additionally, Co-Founder Ed Mitzen will turn his attention to identifying and partnering with likeminded leaders on a national level while Maire Masterson has been named as Executive Director, with a focus on local giving. The organization has also been rebranded the Business for Good Foundation.

The gap between the rich, richer, middle class and the poor is widening at an alarming rate, with socioeconomic disparities not only persisting, but growing. According to the Peter G. Petersen Foundation, the top 20% of wealthiest households in America have seen their income rise 165% from 1981 to 2021, while the middle and lowest quintiles have seen income growth of only 33% and 38%, respectively, over the same period.

A renowned healthcare marketing entrepreneur, Ed has built three consecutive businesses that generated over $1 billion in revenue. He co-founded Business for Good with his wife Lisa Mitzen by combining his entrepreneurial acumen with a personal passion for giving back – empowering entrepreneurs and working with local government and policymakers to drive meaningful change at the community level. Ed, best-selling author of Wealthy and White, has invested his own money into the Albany/New York Capital region over the recent years through projects, such as the Albany Black Chamber of Commerce.

“I am committed to using my privilege for good and with today’s announcement, we will be expanding our focus on a national level,” said Ed Mitzen, Co-Founder of Business for Good Foundation. “I realized that to have the impact that we want, we will need to partner with other leaders to make a difference – one person, one neighborhood and one community at a time.”

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This Year’s Summer Trades Camp Builds Skills, Confidence, And Career Pathways For Girls

Posted onJune 23, 2025
Girls in grades 5–7 tour an active construction site as part of the expanded summer trades camp hosted by the Northeast Construction Trades Workforce Coalition and Whitbeck Construction.
Courtesy Northeast Construction Trades Workforce Coalition

Whoever said building and construction trades is a man’s world must be light years behind the times.

A summer camp for fifth- to seventh-grade girls has been expanded to two weeks this year, giving hands-on opportunity and exposure to the industry’s many different careers.

“On day one, last year, we put a power screwdriver in their hand and they were scared to death,” program coordinator Doug Ford said. “By day five they were working with pneumatic nailers and building vertical gardens that we donated to nursing homes. They didn’t know each other to begin with so teamwork was part of it. The transformation was incredible. It was a huge hit.”

Ford, a Curtis Lumber Company vice president, is also co-founder with Pam Stott of the Northeast Construction Trades Workforce Coalition, a nonprofit organization launched eight years ago to address the construction industry’s skilled labor shortage by promoting such careers to students and young adults.

Females represent a large untapped pool of potential employees.

“We want them to understand there’s so many jobs within trades and not all of them are physical,” Ford said. “You’ve got project management, logistical, estimating. All these different jobs are part of trades that never get talked about. The only ones that get talked about are the guy on the roof, in a ditch or on a backhoe. We need to paint an accurate picture of all the things that are available to males and females.”

There’s plenty of financial incentive as careers in the trades can pay from $80,000 to well over $100,000 for jobs such as project manager.

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Saratoga Builders Association Awards Scholarships To Two Future Construction Industry Leaders

Posted onJune 23, 2025
SBA Executive Director Barry Potoker, 2025 SBA Scholarship recipient Jameson Brownell, 2025 “Bob Best” Memorial Scholarship recipient Sean Ward and SBA President Matt Whitbeck of Whitbeck Construction.
Courtesy Saratoga Builders Association, Inc.

The Saratoga Builders Association, Inc. is proud to announce the awarding of two student $1000 cash scholarships. One is the annual SBA Scholarship and the second is the annual “Bob Best” Memorial Scholarship.

Congratulations to Sean Ward of Corinth. Sean will be graduating from Corinth High School this June and plans on attending Hudson Valley Community College pursuing a degree in Construction Technology.

Congratulations to Jameson Brownell of Schuylerville. Jameson will be graduating from Schuylerville High School this June and plans on attending Utica College pursuing a degree in Construction Management.

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Business Value

Posted onJune 23, 2025

By Kathlene Thiel, MBA, CVA, M&A Master Intermediary

a business owner, you may have an idea of what you think your business will sell for, but we find that an owner’s expectation of value is typically much higher than an outside buyer would pay or a bank would finance.

A potential buyer’s (and banker’s) perception of value is based on the expectation of future cash flows. That is calculated from the historical financial performance of your company; not your idea of what a buyer could do if they purchase and grow your business.

To build value, avoid these deal killers:

Focusing on Minimizing Taxes – In an effort to reduce income taxes, you may be purposely driving down profits by running it as a “lifestyle” business with lots of discretionary (personal) expenses run through your company. While it may reduce taxes it also drives down the value of the business. 

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New York Home Sales Slide In April Amid Higher Inventory And Steady Mortgage Rates

Posted onJune 23, 2025

Despite a slight uptick in housing inventory and continued mortgage rates below 7 percent, existing home sales in New York State declined in April, according to the housing report released today by the New York State Association of REALTORS® (NYSAR).

Closed sales of homes fell 6.2 percent in April, from 7,428 homes in 2024 to just 6,968 units last month. Pending sales inched up to 9,565 sales in April 2025 from 9,471 during April 2024, representing a slight 1.0 percent increase. New listings of homes in the Empire State rose 5.6 percent, from 13,246 listings in April 2024 to 13,989 listings in 2025.

Statewide housing inventory was up 3.1 percent in year-over-year comparisons, from 25,379 homes on the market last April to 26,165 units available in April 2025.

Mortgage rates remained under seven percent for the 14th consecutive month during April according to Freddie Mac. The average rate on a 30-year fixed rate mortgage during April closed at 6.73 percent. By comparison in April 2024, the rate sat at 6.99 percent.

Read More

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