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Saratoga County Capital Resource Board Recognizes Longtime Leadership Team

Posted onNovember 17, 2025November 17, 2025
From left, Jeffrey Reale, Ray O’Conor, and Lori Eddy are recognized for 12 years of service.
Courtesy Saratoga County Capital Resource Corporation

Ray O’Conor, Chief Executive Officer; Jeffrey Reale, Chief Financial Officer; and Lori Eddy, Administrative Secretary of the Saratoga County Capital Resource Corporation (SCCRC) were recognized recently by the SCCRC board of directors for their twelve years of service. All three members of the management team will retire from their respective roles at year end 2025.

During their years of service, the SCCRC has supported several Saratoga County not for profit organizations by issuing more than $400 million in tax exempt bonds for capital projects related to health care, education and affordable housing. The organization provides grants to local not for profit organizations as well.

Succeeding O’Conor as CEO will be Matthew Veitch, long time Saratoga County Supervisor from Saratoga Springs, who chose not to run for reelection this year. Michael Sharp will serve as the new CFO and Katherine Tiedemann has been appointed to the position of Administrative Secretary.

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Indulgence Bakery Brings Custom Cake Art And Sweet Creativity To Downtown Saratoga

Posted onNovember 17, 2025November 17, 2025
Elise Soto celebrates the grand opening of Indulgence Bakery, creating custom cake art downtown.
Courtesy Indulgence Bakery

By Susan Elise Campbell

Whoever coined, “Life is Short. Eat desert first,” knew that a little sugar is good for the soul.

That’s a philosophy of Elise Soto, new owner of Indulgence Bakery at 63 Putnam Street in Saratoga Springs.

Members of the Saratoga Chamber, family and friends, former associates from Putnam Market, Mayor John Safford, and Senator James Tedisco all attended the bakery’s grand opening and ribbon cutting on November 6th. 

It’s a full-circle moment for Soto. She was a pastry chef at Putnam Market on and off for 10 years, she said. Now her shop occupies the original site of the gourmet deli.

Soto left Putnam Market and started a custom cake business, Yours Truly Cake Designs, in 2021, she said. She had been employed there since 2008 as an intern after culinary school and had been promoted to kitchen manager by the end of the pandemic.

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Spa City Motel Is Rebranded As The Ambler After Its Acquisition By Weekender Hotels

Posted onNovember 17, 2025November 17, 2025
The Ambler is ideally located for guests to explore what Saratoga Springs has to offer.
Courtesy of Weekender Hotels

By Rod Bacon

A hospitality venue that was once part of a larger hotel complex that included the now-demolished United States Hotel has undergone a complete renovation and rebranding.

The St. Charles Motel, which was purchased in March 2024 by Saratoga Springs-based Weekender Hotels, opened in September with a new look and amenities.

“Saratoga is a continually growing market and we liked the urban nature of the property’s proximity on South Broadway to what downtown has to offer, as well as the Saratoga Race Course, mineral springs, and SPAC,” said Keir Weimer, founder/CEO of Weekender Hotels. “We had the vision to take it from what it was, which was a bit of a distressed, older, under-optimized property to Weekender Hotel standards.” 

Renamed The Ambler, the building was completely gutted and reimagined to what Weimer described as “a Palm Springs desert retro feel with pops of color and layouts that bring in sunlight.”

“We wanted to achieve a creative concept that was something different and unavailable in the local and regional areas,” he said.  

The two-story building has 18 guest rooms that were given new floors, bathrooms, and unique color schemes. State-of-the-art technology provides voice enabled Wi-Fi, thermostats, and streaming televisions. There are also two suites, one of which has an Alaskan king bed. The exterior brick has been painted white.

Weimer said rooms are priced from $160 per night to $500-$600 for suites during the summer season.

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New Yorkers Say Kindness Has Declined, But Still See Themselves As Kind

Posted onNovember 17, 2025

Seven in ten New Yorkers say people are less kind today than they were a decade ago, yet 97 percent describe themselves as either very or somewhat kind, according to a new Siena Research Institute (SRI) survey released Oct. 23.

Ninety-two percent say they personally follow the Golden Rule — treating others as they would want to be treated — at least most of the time. But only 27 percent believe others follow it as consistently.

Respondents report practicing small acts of kindness regularly, including holding doors (94%), greeting strangers (87%), checking on friends or neighbors with health issues (83%), and helping someone who appears lost or in need of assistance (79%). Nearly half (44%) say they volunteer their time for a cause, and 41 percent say they “pay it forward” at least occasionally.

Despite these reports of personal kindness, majorities say they often witness unkind behavior. Seventy-two percent say they see people acting unkindly online, including on social media, through texting, or in emails. Sixty-nine percent report unkind behavior in traffic or on public transportation, and 55 percent say they see it in person.

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Saratoga County Gears Up For A Season Filled With Festive Holiday Celebrations

Posted onNovember 17, 2025
Downtown Saratoga Springs will come alive with holiday spirit during the 2025 Victorian Streetwalk on Thursday, Dec. 4, from 6 to 9 p.m.
Saratoga Business Journal

By Carol Ann Conover

The holiday season brings festive cheer to Saratoga County with a packed calendar of events celebrating the most wonderful time of the year. From tree lightings and Victorian celebrations to holiday markets and train rides, there’s something for everyone to enjoy.

Saratoga Springs

The 50th Annual Saratoga Holiday Craft Marketplace takes place Saturday, Nov. 29, 2025, from 10 a.m. to 3 p.m. at the Saratoga Springs City Center. Admission is $5 in advance or $10 at the door, and proceeds benefit the Saratoga Center for the Family. The marketplace, held each year on Small Business Saturday, features handcrafted gifts and goods from regional artisans—an ideal kickoff for holiday shopping while supporting local makers and community programs.

The Saratoga Tree Lighting Ceremony will be held Dec. 4, 2025, in downtown Saratoga Springs, marking the official start of the holiday season. The ceremony features festive music, hot beverages and visits from Santa Claus.

Immediately following, the 39th annual Victorian Streetwalk will transform downtown Saratoga Springs into a Victorian wonderland from 6 to 9 p.m. The evening includes carolers in period costume, live music, church tours with hot beverages and sweets, and shopping at downtown businesses. Santa will greet visitors in his cottage following the tree lighting. Broadway and nearby streets will close to vehicle traffic at 3 p.m., reopening by 10 p.m. City garages and side-street parking remain available, and the event is free to the public.

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Year-End Investment Strategies Can Help Strengthen Your Retirement Planning

Posted onNovember 17, 2025
David Kopyc, president of Retirement Planning Group LLC in Saratoga Springs.
Courtesy Retirement Planning Group LLC

By David M. Kopyc, CRPC®

Integrating year-end investment planning into your retirement strategy is crucial for maximizing savings, minimizing tax liabilities and ensuring long-term financial security. The end of the year offers a critical window to review progress, make adjustments and use key tax-efficient strategies that align with your retirement goals.

Effective retirement planning is a continuous process, not a one-time event. The close of the calendar year provides a natural checkpoint to assess your financial health and determine if you are on track to meet your retirement objectives. This review should encompass your entire financial picture—from investment portfolios and savings rates to tax strategies and estate plans.

Maximize Retirement Plan Contributions: One of the most impactful year-end moves is maximizing contributions to tax-advantaged retirement accounts.

Employer plans (401(k), 403(b), etc.): Confirm you have contributed up to the annual limit. For 2025, this limit is $23,500, with an additional $7,500 catch-up contribution for individuals age 50 and older. If you haven’t reached the maximum, consider increasing contributions for the remaining pay periods of the year.

Individual Retirement Accounts: You can contribute to a traditional or Roth IRA until the tax filing deadline in April of the following year, but making the contribution by year-end can still be beneficial for planning purposes. The 2025 contribution limit is $7,000, with an extra $1,000 catch-up for those 50 and older.

Health Savings Accounts: If eligible, maximize your HSA contributions. HSAs offer a “triple tax advantage”—tax-deductible contributions, tax-free growth and tax-free withdrawals for qualified medical expenses—making them a powerful tool for covering healthcare costs in retirement.

Optimize Your Investment Portfolio:Year-end is the ideal time to ensure your investments are still aligned with your risk tolerance, time horizon and retirement goals.

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New Federal Tax Law Overhauls Business Deductions And Incentives Under OBBBA

Posted onNovember 17, 2025
Kevin M. Hedley, MS, CPA, PFS Partner of Hedley & Co., PLLC. Courtesy Hedley & Co., PLLC

By Kevin M. Hedley, MS, CPA, PFS

The One Big Beautiful Bill Act (OBBBA), enacted in July 2025, represents a sweeping overhaul of U.S. business taxation, with significant implications for federal and state tax planning, and corporate investment strategy. This article is a brief summary of some of the key business tax law updates introduced by OBBBA, focusing on the most impactful provisions for corporations and their practical implications.

100% Bonus Depreciation Made Permanent

OBBBA permanently restores 100% bonus depreciation for qualified property. This allows businesses to immediately deduct the full cost of most tangible property placed in service after January 19, 2025. This provision, which had been scheduled to phase down under prior law, now provides a powerful incentive for capital investment by enabling immediate expensing rather than requiring depreciation over several years. The law also introduces a transitional 40% bonus depreciation rate for property placed in service in the first tax year ending after January 19, 2025, if the taxpayer elects this treatment.

New 100% Deduction for Qualified Production Property (QPP)

A major innovation is the creation of Section 168(n), which allows a 100% immediate deduction for certain nonresidential real property used in qualified production activities—primarily manufacturing, production, or refining of tangible personal property. This deduction is available for property placed in service after January 19, 2025, and before January 1, 2031. The provision is elective and subject to recapture if the property ceases to be used in a qualified production activity within 10 years. This is a significant departure from the traditional 39-year straight-line depreciation for nonresidential real property, and it is designed to spur domestic manufacturing investment.

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Hewison Aviation Celebrates First Year As FAA Part 141 Approved Flight School

Posted onNovember 17, 2025November 17, 2025
Chris Hewison, co-owner of Hewison Aviation, on the wing of one of their training aircraft.
Courtesy Hewison Aviation

By Susan Elise Campbell

Through Hewison Aviation, Christopher and Maura Hewison extend their passion for flight to help people of all ages become pilots in a safe, professional, and pleasant atmosphere.

Chris founded Hewison Aviation 11 years ago, originally as a Part 61 flight school instructing in private pilot, instrument, commercial, and certified flight instructor (CFI) designations, as well CFII for teaching instrument reading to other students, said Maura Hewison, the company’s chief operating officer.

Their flight instructors currently teach out of five airports, the closest in South Albany until the newly renovated Saratoga County Airport welcomed them a year ago. The timing coincided with FAA approval for Hewison’s Part 141 school, she said.  

In October, with staff and members of Saratoga Chamber of Commerce, a representative of Assemblywoman Mary Beth Walsh’s office, and others, the Hewisons hosted a grand opening ribbon cutting and accepted a citation from a representative of Senator James Tedisco’s office. They also received congratulations from the Chamber and sponsor Arrow Bank.

“It was cool to hold those big scissors,” Maura Hewison said.

Where Part 61 is more flexible, the more regimented Part 141 classes are for students who want to get into professional flight, commercial airlines, or charter services. In addition to training on the ground, this designation requires more time in the air than when qualifying to fly recreationally, Hewison said.

“I’ve been surprised at the number of our students looking to make a career change and fly professionally,” she said.

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Stark Tech Helps Businesses Make Buildings Smarter, More Efficient, And Economical

Posted onNovember 17, 2025
Jason Tyler, Market Lead for Eastern New York at Stark Tech, at Ballston Spa office.
Courtesy Stark Tech

By Ann Donnelly

Stark Tech helps businesses run their large buildings more efficiently by making them “smarter” and more sustainable. The company connects heating, cooling, lighting, and security systems into one easy-to-manage platform. This allows companies to save money on energy costs, lower their environmental impact, and simplify building management.

Stark Tech specializes in energy solutions, building systems integration, and maintenance services. The company expanded its reach in 2021 with the acquisition of Technical Building Services (TBS), headquartered in Ballston Spa, NY, and founded in 1981. TBS served a wide Upstate New York territory—from Lake Placid to Utica, south to Binghamton, and east to the lower Hudson Valley—providing temperature-control and mechanical maintenance services. The acquisition enabled Stark Tech to build on TBS’s strong reputation while expanding into advanced solutions such as access control, security integration, and protective systems.

Today, Stark Tech employs more than 1,000 people across 16 offices in New York, with additional operations in Florida, Massachusetts, Georgia, and New Jersey.

In Eastern New York, Market Lead Jason Tyler manages operations from Stark Tech’s Ballston Spa office. His territory stretches from the Canadian border to Westchester County, where he oversees client accounts and coordinates with a technical team of union technicians, engineers, and designers.

Tyler draws on more than 15 years of experience in hospitality, real estate, and property management to help clients plan for both capital (CAPEX) and operational (OPEX) expenses. He said he once looked for companies like Stark Tech to help reduce costs and modernize facilities. “I was looking for a true mission and purpose behind what I was doing,” he said. “It’s nice to see the results of the projects you support. What we’re doing now is making an impact not only locally but throughout the state.”

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Campaign Challenges Myths To Promote Fact-Based Understanding Of Homelessness

Posted onNovember 17, 2025

The Saratoga–North Country Continuum of Care (SNCCoC) has launched “Myths Hurt. Facts Help.” to combat stigma around homelessness and elevate data-driven solutions across Saratoga, Warren, Washington and Hamilton counties.

“To effectively address homelessness, we must begin with facts,” state SNCCoC Co-Chairs Lindsey Connors and Amber Beaudet. “When stakeholders and the public have access to accurate, transparent data, they can support strategies that work.”

“This campaign aims to shift the narrative from blame to understanding, from isolation to inclusion,” said Joan Spector, MST, lead of the SNCCoC Planning Team.

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