Category Archives: Business Briefs

The Adirondack Trust Co. has again secured a 5-Star rating from BauerFinancial, a bank rating firm.
A five-star rating indicates that the bank excels in areas of capital adequacy, profitability, asset quality and much more. Earning and maintaining this top rating for 58 consecutive quarters puts Adirondack Trust in a prestigious bracket as an exceptional performance bank.
BauerFinancial, Inc., based in Coral Gables, Fla., has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution can pay for or opt-out of a BauerFinancial rating.

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Eighteen members of the Sterling Homes Real Estate team recently graduated from a New Homes Sales Specialist training program. The education consisted of a five-week intensive course with the top new home sales trainer in the country.

The City Center parking facility, under construction since Sept. 23, 2019, is open.
The new facility, located between Maple and High Rock Avenues, has secure covered parking for over 620 vehicles. The building features a pedestrian bridge over Maple Avenue that leads into the City Center.
It has four electric car charging stations, two green spaces, and a roof top area that can be utilized for parking and convention-related events. Evening hours will have a security guard on premise.
The facility has a pay-per-park system, with the first hour of parking free and each additional hour being $1, up to a maximum of $15 per day. Yearly parking passes will also be available.
To help downtown Saratoga Springs restaurants and retail businesses this holiday season during the challenge of a pandemic, City Center will offer four hours of complementary parking on a daily basis until Jan. 1.
A limited number of yearly parking passes are now available for purchase. Pass holders will enjoy many benefits including: covered parking, electric charging stations, video surveillance and overnight security on site.

The Adirondack Trust Co. has again secured a 5-Star rating from BauerFinancial, a bank rating firm.
A five-star rating indicates that the bank excels in areas of capital adequacy, profitability, asset quality and much more. Earning and maintaining this top rating for 57 consecutive quarters puts Adirondack Trust in the most prestigious bracket as an exceptional performance bank.
BauerFinancial, Inc., based in Coral Gables, Fla., has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution can pay for or opt-out of a BauerFinancial rating.

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The Academy for Lifelong Learning is the recipient of a $3,500 grant from the Stewart’s/Dake Family for COVID-19 relief support. The funds are being used to convert in-person educational classes and social activities to virtual offerings through Zoom.
Twenty classes, most by Zoom, are currently being offered during the Academy’s fall semester and continue through early November. A first-ever winter term is also being planned to start Jan. 11 with registration in November. A spring term will begin in early April. Annual membership through June 30, 2021 is $65. Eight-week classes are offered at $50 and four-week classes are $25.

Whitman Brewing, 20 Lake Ave. in Saratoga Springs, announced the release of its first canned product, New World Water.
The new canning line was scheduled for setup by the manufacturer, Cask Global Canning Solutions, based out of Alberta, Canada, just days before the border was shut down due to the COVID-19 pandemic. This delayed the first canning run, but after video meetings with Cask, Head Brewer Nick Meyer had the machine up and running, the company said.
New World Water, a 5.14 percent ABV hard seltzer, is conditioned with pureed strawberries, giving it a subtle pink hue and a slightly tart fruit flavor.
People must be 21 and older to purchase brewery products and masks and proper social distancing are required.

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Saratoga Hospital has again been named a Best Regional Hospital by U.S. News & World Report, taking the top spot in Northern New York and ranking third in the Albany region for 2020-2021.
Saratoga Hospital also is ranked 22nd in New York state and was rated “high performing” in four specialties, procedures and conditions: chronic obstructive pulmonary disease, heart failure, hip replacement, and knee replacement.

Unified Beerworks, a craft brewery on Old Stonebreak Road in Malta, won a gold award for one of its products at the annual New York State Craft Beer Competition for 2020.

The brewery won gold in the Hazy Pale Ale category for “Right Time and Right Place.”

This year’s contest was sponsored by the New York State Brewers Association. The judging was held in Rochester in March.

Some 467 breweries in the state entered a total of 989 beers in the competition. There were 29 medal-winning breweries and 35 total medals awarded. There were 30 judges from across the state. Unified Beerworks was opened in October 2018 by the husband-and-wife team of Jeff Mannion and Erika Anderson.

Due to current circumstances related to the COVID-19 pandemic, Adirondack Health Institute’s Enrollment Assistance Services and Education (EASE) team has stopped seeing clients in person, however, continues to offer health insurance enrollment assistance via telephone.

The Adirondack Trust Co. reported it has once again secured a 5-Star rating from BauerFinancial, the nation’s premier bank rating firm.

A five-star rating indicates that the bank excels in areas of capital adequacy, profitability, asset quality and much more. Earning and maintaining this top rating for 55 consecutive quarters puts Adirondack Trust in the most prestigious bracket as an Exceptional Performance Bank.

The Saratoga Builders Association will be awarding two $1000 student scholarship in 2020.
One is the SBA scholarship award and the second is the Bob Best Memorial Scholarship award.
The scholarships are open to any high school senior or college undergraduate in Saratoga County who is planning to pursue a construction education at a two or four-year accredited college or university or to students who would like to purchase tools and/or equipment for a career or to start a business in the construction industry.
Students must have a GPA of 3.0 or higher. They must demonstrate current or past involvement in the construction field, including classes taken in high school or college, to be eligible for these awards.

The Saratoga County Foundation’s Veterans Business Council recently elected a new slate of officers for 2020.
Elected to two-year terms were Jason Collins, SUNY Empire State College, chairman; Erica Choi, Bank of America, as vice-chair; Robert Scheurer, Adirondack Trust Co., secretary; and Tom Dingley, Mosaic Wealth Advisory, treasurer.
Outgoing Chair Karen Charbonneau of Saratoga Home Team was recognized for her outstanding leadership the past two years. During her time as chair, the council helped to coordinate funding and construction of a 7,700-square-foot fieldhouse at the Naval Support Activity Base in Saratoga Springs, implemented a new scholarship program to aid Veterans pursuing higher education, and established a new fundraiser to help raise money for veterans initiatives in Saratoga County.