UHY Advisors and UHY LLP are expanding their portfolio in the Northeast region with the acquisition of the professional services firm Flynn, Walker, Diggin CPA, PC, in Saratoga Springs. 

The firm began operating under the UHY banner effective Nov. 8. 

“We are pleased to welcome the highly experienced team at Flynn, Walker, Diggin to the UHY network,” said Michael Mahoney, CEO of UHY Advisors NY Inc. “Their addition will further strengthen our presence in the capital region and help us advise clients in the local marketplace. The acquisition is also testament to UHY’s organic growth in the Northeast which allows us to bring UHY’s signature brand of service to businesses and organizations in the area while maintaining local community ties.”

Teal, Becker & Chiaramonte CPAs, PC, an accounting and advisory firm, and Ferraro, Amodio & Zarecki CPAs, a boutique forensic accounting firm at 18 Division St., Saratoga Springs, have announced a strategic alliance designed to provide their respective Capital Region clients and contacts with expanded service offerings. 

TBC and FAZ will remain independent organizations as they pursue a set of agreed upon objectives to ensure a successful relationship, firm officials said. 

“We are excited to join forces with FAZ to bring premier forensic accounting and fraud prevention services to our clients, COIs and referral sources,” TBC Managing Partner Jim Drislane said. “For decades, the FAZ team members have served as valued consultants and forensic experts for attorneys, insurance companies, corporate clients, not-for-profits and governmental entities. They have built a strong reputation specializing in forensics. Working with a well-established player like FAZ will only enhance our ability to serve clients.”

By Susan E. Campbell

Gemset has relocated to 72 Henry St. after nearly 30 years at the Downstreet Marketplace on Broadway.

The new location is slightly smaller, but it offers the convenience of off-street parking for those stopping in to replace a watch battery, have their jewelry repaired, or shop the collection of vintage jewelry and original creations for which owner Stan Lynn, a master jeweler, is well known.

Stan and Judith Lynn relocated to Saratoga three decades ago to be closer to their children, who at that time were attending Rochester Institute of Technology, SUNY Binghamton and University of Massachusetts. The Lynns had been in the U.S. since 1976.

New York state has $5 million available as part of the first rebate designed specifically for the installation of electric vehicle charging stations at workplaces, office buildings, multi-family apartment buildings, and public locations such as theaters, malls, parks and retail locations. 

The installation of charging stations for public use supports the state’s clean energy goal to reduce greenhouse gas emissions by 40 percent by 2030.

 “New York continues to lead the nation in reducing our carbon footprint by aggressively investing in clean transportation methods,” Gov. Andrew Cuomo said. “By expanding public access to electric vehicle charging stations, this program will make it more affordable for New Yorkers to make the switch to an environmentally friendly electric vehicle, resulting in a cleaner, greener New York for all.”

 Administered by the state Energy Research and Development Authority, the new Charge Ready NY initiative provides a $4,000 rebate per charging port for public or private employers, building owners, municipalities and non-profit organizations to install Level 2 charging stations. 

The  Small Business Association’s Syracuse District announced that Adirondack Trust Co., Saratoga National Bank and TD Bank were among the top performers in the Capital Region.

SBA Regional Director Bernard J. Paprocki released the fiscal year 2018 lending report, with 670 7(a) and 504 loan approvals valued at $177 million across the 34-county Syracuse district.

“Small businesses in Upstate New York are accessing the affordable capital they need to start and expand with SBA-backed loans,” he said.

Paprocki said Adirondack Trust and Saratoga National Bank had the highest number of 7(a) approvals in their respective categories based on asset size.

TD Bank was the top Capital Region large commercial lender, with 29 loans at a value of $7.5 million.