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Outlook 2021 – Kenneth J. Entenmann

Posted onJanuary 15, 2021January 18, 2021
Kenneth J. Entenmann, senior VP, chief investment officer, NBT Wealth Management.
Courtesy NBT Wealth Management

By Kenneth J. Entenmann
This past year was an interesting one, to say the least. Though some may prefer to use other adjectives to describe 2020. COVID-19 provided a vast disruption of economic activity, with U.S. GDP declining 31.7 percent in the second quarter.
However, the U.S. economy demonstrated remarkable resiliency and rebounded 32.7 percent in the third quarter. While the economy continued to grow in the fourth quarter, activity did slow, particularly in the labor markets. It is estimated that the full year 2020 U.S. GDP will decline around 3-5 percent.
As we flip the calendar to 2021, great uncertainty surrounding COVID-19 remains. Nonetheless, our 2021 economic outlook remains optimistic.
There is no doubt that the COVID-19 economic disruption has endured longer than most anticipated. The hope of a short duration event prompted by the quick “flattening of the curve” in the spring soon dissipated as COVID spiked in the summer and again during the holiday season. Portions of the country remain in lockdown with severe economic consequences.
However, the vaccines are slowly making an impact and it is widely expected that the vaccination process will accelerate. This provides hope that a return to economic normalcy is coming although the timing is still uncertain. COVID will negatively impact the economy at least through the first quarter, probably into the second. However, the economy is poised for a very strong second half of the year.

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Outlook 2021 – Shelby Schneider

Posted onJanuary 15, 2021January 18, 2021
Shelby Schneider is the president/CEO of the Saratoga County Prosperity Partnership.
Courtesy Saratoga Prosperity Partnership

By Shelby Schneider
Who knew this time last year that a pandemic would upend our lives and economies? Essentially, no one. We cannot say with any certainty how 2021 will turn out—but we do know more than we did last spring and, that there is hope and opportunity on the horizon.
Among the reasons for optimism is the prospect of widespread vaccination, and federal stimulus relief for our small businesses and state and local governments. For every problem created by COVID-19, there is an opportunity in disguise.
With the new year upon us, there are potential new opportunities to take advantage of and ways to adapt to challenges that our businesses and municipalities will face. There is an opportunity for 2021 to be the year of a remarkable bounce-back.
In Saratoga County our hospitality and tourism sector and arts and cultural venues, which generate over a billion dollars in revenue each year, experienced the worst of the impact. The good news is if enough Americans are vaccinated, it is plausible to expect a comeback in those sectors later this year.
If our public and private sector businesses work together to help coordinate the delivery of the vaccine to our workforce and the public, we will mitigate impacts to our economy and get to a new normal in the most efficient way.
In 2021, business retention and expansion will remain our highest priority. Like 2020, the Saratoga Partnership will be on the front lines, helping our small businesses gain access to the next round of PPP and EIDL funds, and help them get access to state and local relief programs like the personal protection equipment grants offered through our Industrial development agencies.

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‘At Sanctuary’ Offers Holistic Healing, Tarot Readings; Operates Virtually During COVID

Posted onJanuary 15, 2021January 18, 2021

By Andrea Harwood Palmer
A new holistic healing and educational organization called At Sanctuary has opened in Saratoga Springs.
Gabrielle Maryland is a shamanic practitioner. She runs the organization with Sera Rose, a shaman and friend. The organization opened for business in October and is completely virtual during the coronavirus pandemic.
“We had a really great reception at our launch,” said Maryland.
Maryland and Rose met in the summer of 2018 at the Omega Institute for Holistic Studies in Rhinebeck, New York.
“[Rose] was a wellness practitioner and I was milling around the bookstore, going about my business. She gave me a read, and it was an amazing experience. It changed my life. From that point on, we were best friends,” said Maryland.
A read is performed after an ethics speech detailing how a practitioner works with both the client and spirit to receive messages and communicate them to the client.
Upcoming workshops available are Past Life & Soul Agreement, Crystal Energy Healing and Being a Spiritual Translator Level 1. The organization also hosts numerous pop up virtual events.

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Air Pro Solutions Sells, Installs, Services Air Filters To Businesses Throughout The Region

Posted onJanuary 15, 2021January 18, 2021
Patrick Schmidt is vice president of sales at Air Pro Solutions, a new business selling, installing and servicing air filtration systems. They have clients in Saratoga, Glens Falls and beyond.
©2021 SaratogaPhotographer.com

By Jill Nagy
“We’re breathing in a lot of stuff in the air that we cannot see,” said Patrick Schmidt, vice president of sales at Air Pro Solutions, a new business selling, installing and servicing air filtration systems.
When he and other member of his sales staff visit a potential customer, they bring along an air quality meter that can measure that “stuff in the air” and then show it disappearing as one of the company’s Air Box filters goes to work.
Air Pro, located at 229 Washington St. in Saratoga Springs, services an area including Saratoga and Albany counties, the Glens Falls area and the North Country. They are independent dealers for Air Box units manufactured in the Carolinas. Currently, the company employs three sales people and two service people.
When businesses and other institutions prepare to reopen, they usually begin by stocking masks, plastic shields, hand sanitizers, antiseptic wipes and similar equipment.
“The air piece of it,” he said, “is the last one usually” and arguably the most important.
Air Pro sells portable, stand-alone units about the size of a dehumidifier. There is also a model in a cabinet that fits into the wall.
They filter in three stages: an activated carbon filter removes odors; an anti-microbial filter removes the larger particles; the final filter, a HEPA (high efficiency particulate air) filter, can remove particles as small as viruses, including COVID viruses. The first two filters have to be replaced every six months. The HEPA filter is good for three years.

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Personnel Briefs: January 2021

Posted onJanuary 15, 2021January 18, 2021

Whiteman Osterman & Hanna LLP announced that Donald T. Kinsella has joined the firm as senior counsel and Robert J. McLaughlin has joined as of counsel.
Kinsella joins Whiteman Osterman & Hanna with more than four decades of experience in complex criminal and civil litigation. He prosecuted and defended several significant high profile federal and state criminal cases in New York. He is a former chief of the Criminal Division of the Office of the U.S. Attorney for the Northern District of New York.
McLaughlin will continue to focus his practice on gaming and lottery law, financial transactions and government compliance.
McLaughlin counsels gaming vendors, online gaming providers, state lotteries, and other entities in matters involving compliance with the complex federal and state regulation governing the gaming industry.
As bond counsel, he has represented the state Dormitory Authority, the state Environmental Facilities Corp., where he was the former general counsel, and the state Energy Resource and Development Authority/New York Green Bank. He has also represented numerous industrial development agencies and municipalities in the state.

* * *

The Arrow Family of Companies recently announced the appointments of senior vice president Christine Snow to director of customer experience and senior vice president Marc Yrsha to director of relationship banking for Glens Falls National Bank and Trust Co. and Saratoga National Bank and Trust Co.
In her new role, Snow will oversee the customer experience unit, which includes the call center, and deposit, loan and branch operations. Together these teams care for our customers and ensure a positive and unified customer experience across many different business lines.
Snow joined the company in 2016 and most recently served as senior vice president of branch administration, overseeing all branch and call center functions.
In his new role, Yrsha will oversee the retail banking unit which includes frontline sales teams for retail, consumer, business and municipal banking, as well as small business and home equity lending. Together these teams will continue to focus on the customer and growing relationships in all our communities.

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GlobalFoundries-Malta Foundation Awards Grants

Posted onJanuary 15, 2021January 18, 2021

The GlobalFoundries-Town of Malta Foundation has awarded $142,964 in grants to community organizations that serve Malta residents and the school districts in the town.
The largest single grant was $16,500 to the Malta-Stillwater Emergency Medical Service for purchase of a ventilator to be available in ambulances.
Both the Ballston Spa and Shenendehowa school districts each received multiple grants to support STEM learning, robotics and general education programs.
The grants are in addition to a $50,000 grant provided in March to help the town of Malta to provide local individuals and families with grocery store gift cards, as the economic impact of the COVID-19 pandemic first began to emerge.
The foundation was established in 2011 with $3 million donated by GlobalFoundries as part of the host community package negotiated in return for town approval of the computer chip manufacturing plant in Luther Forest that employs about 3,000 people.
The foundation is managed by a board made up of town and GlobalFoundries representatives. Since 2011, it has donated more than $1.4 million to organizations that serve Malta.

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‘Once Upon A Child’ In Clifton Park Plaza Has Clothing Selection For Children, Babies

Posted onJanuary 15, 2021January 18, 2021
Once Upon A Child in Clifton Park Town Plaza, off Route 9, buys and sells ‘gently used’ kids’ clothing, shoes, toys and baby gear and offers cash on the spot for qualified items.
©2021 SaratogaPhotographer.com

By Jennifer Farnsworth
The Winmark Corp., parent company of Style Encore and Plato’s Closet “gently used clothing stores”, has opened a babies and children version of the businesses in Clifton Park.
Once Upon A Child in Clifton Park Town Plaza, off Route 9, buys and sells used kids’ clothing, shoes, toys and baby gear and offers cash on the spot for qualified items. Franchise store owner Rhonda McMaster-Allendorph has owned of both Style Encore and Plato’s Closet stores. She said opening Once Upon A Child seemed like the next step.
McMaster-Allendorph said like all other new business owners, opening the store during the COVID-19 pandemic came with hesitation. She said that business has been slow to start since the official opening in November, but she remains optimistic that things will pick up.
“It’s been tough with the pandemic, but I think we are going to do okay. We are working on spreading the word. The people that have come in have been pleased with the selection of what they see,” she said.

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Business Briefs: January 2021

Posted onJanuary 15, 2021January 18, 2021

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.

* * *

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.

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OrthoNY Moves Some Operations Into New Building On Route 9 In Clifton Park

Posted onDecember 11, 2020December 14, 2020
Michele Brinkman is COO of OrthoNY, which relocated to a new Clifton Park office.
©2020 SaratogaPhotographer.com

By Christine Graf
OrthoNY has relocated its Clifton Park office to a newly constructed $6.9 million building at 1768 Route 9.
The state-of-the-art 40,000-square-foot square foot facility had its ribbon cutting at the end of October. The practice previously operated a Clifton Park office out of a 5,000-square-foot leased space in the Ellis building on Sitterly Road.
The new Clifton Park location offers clinical orthopedic care, walk-in urgent care, and physical therapy. It also houses a spine center that provides both comprehensive care and pain management procedures.
Officials said patients are able to receive epidural steroid injections and other treatments in the spine center’s on-site procedure suite. This eliminates the need for them to travel to ambulatory surgery centers or hospitals to receive these treatments. The Route 9 location also provides on-site imaging services including MRIs. It is the only one of OrthoNY’s locations to offer such a comprehensive range of services.

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Victorian Streetwalk, First Night Canceled By COVID; ‘Re-Imagined’ Festivities In Place

Posted onDecember 11, 2020December 14, 2020
This is the logo of Victorian Streetscapes, a month-long celebration featuring an enhanced holiday look on Broadway and the downtown Saratoga Springs area.
Courtesy Saratoga Springs Downtown Business Association

The annual Victorian Streetwalk, that would have been held Dec. 3 in downtown Saratoga Springs, will not be held this year—another victim to the COVID-19 pandemic.
Saratoga First Night, the New Year’s Eve entertainment event, is also canceled.
Both events drew thousands of people to Saratoga Springs every year,
Normally for the Victorian Streetwalk, the main section of Broadway would be blocked off and revelers would crowd the main thoroughfare and surrounding streets.
First Night had entertainment events in many venues across the city.
But in an effort to preserve the holiday traditions, the Saratoga Springs Downtown Business Association has re-imagined the downtown holiday celebration for 2020.
The Saratoga Springs DBA, which has presented the traditional Victorian Streetwalk for the past 33 years, in collaboration with Discover Saratoga, is bringing an enhanced holiday look to Broadway and the downtown area for a month-long celebration called Victorian Streetscapes.
“The DBA is excited to collaborate with our partners to add the festive element for all to enjoy during this holiday season,” said Deann Devitt, president of the Saratoga Springs Downtown Business Association. “It has been a challenging year for our local businesses, but the outpouring of support from the community has been remarkable.

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