Saratoga Business Journal

Business Report: Projecting Future Loss Of Earnings

August 7, 2019August 8, 2019

Charles S. Amodio is a partner at FAZ Forensics, Ferraro, Amodio & Zarecki, CPAs.

By Charles S. Amodio, CPA, CFF,
MAFF, MBA
In many personal injury cases, the award of damages often centers on the calculation of the loss of future earnings. The loss of future earnings is awarded where the jury finds that a plaintiff has suffered a reduction in his or her ability to earn money because of an injury.
The jury is typically instructed to consider the loss of future earnings based on a variety of factors, including the plaintiff’s earnings before the accident, opportunities for promotions and work-life expectancy.

SUNY Empire State College Names Benke Of Saratoga Springs As Permanent Provost

August 7, 2019August 8, 2019

Meg Benke, provost, executive vice president for academic affairs, SUNY Empire State College.
Courtesy SUNY Empire State

Meg Benke has been named provost and executive vice president for academic affairs at SUNY Empire State College.
Benke, of Saratoga Springs, first joined the college in 1991, and previously served as provost and vice president for academic affairs, 2011-12, as a member of the faculty and a department chair with the college’s School for Graduate Studies. Most recently she has been serving as provost on an interim basis.
She is nationally and internationally recognized for her expertise in individualized learning, educating adult students, online learning, and as an award-winning scholar.
Benke held several leadership positions with the Middle States Commission on Higher Education, an accrediting organization that assures academic quality and integrity in higher education.

Business Briefs: August 2019

August 7, 2019August 8, 2019

Saratoga Hospital is the recipient of the Mission: Lifeline Gold Receiving Quality Achievement Award for implementing specific quality improvement measures outlined by the American Heart Association for the treatment of patients who suffer severe heart attacks.

Adirondack Thunder Announces 2019-20 Schedule; Home Opener Slated For Oct. 19

August 7, 2019August 8, 2019

The Adirondack Thunder schedule calls for the regular season to start on Oct. 11.
Courtesy Adirondack Thunder

The Adirondack Thunder has announced the schedule for the 2019-20 season.
Spanning 72 regular season games, the Thunder will take on 12 different opponents, and face three teams that they have yet to see in their four previous seasons as a member of the ECHL.

Personnel Briefs: August 2019

August 7, 2019August 8, 2019

Whiteman Osterman & Hanna LLP law firm welcomed has Brian E. Lawlor as an of counsel attorney.
Lawlor joins Whiteman Osterman & Hanna’s Real Estate Practice Group, where his practice will focus on affordable housing and housing finance. He has served in many leadership roles in government housing agencies, including Commissioner/CEO of New York state’s housing agencies, assistant secretary to the governor for Housing, general counsel for the state Housing Trust Fund Corp., and the New Orleans director of housing policy and community development in the administration of Mayor Mitchell J. Landrieu.

Malta BPA To Integrate With Southern Chamber

August 7, 2019August 8, 2019

The board of directors of the Malta Business and Professional Association has voted to accept a consolidation offer from the Chamber of Southern Saratoga County and recommend integration into that Chamber, effective Jan. 1.
“We are proud to represent the local business community,” said Michael York, MBPA president, “and constantly seek ways to improve our offerings to our members and make a better community for all who live and work here.”
Pete Bardunias, CSSC president/CEO, said Malta “is a key part of the Capital Region, a center of excellence for technology and an important economic driver for upstate New York. But it is also a locally focused, vibrant small town with bucolic parks, one of the most beautiful lakes in the state, and a burgeoning small business community. We believe that, together, we can best serve both big and small and continue its history a town with one of the best qualities of life in the entire Capital Region.”

The Night Owl Intends To Offer A Different Bar Experience For Downtown Patrons

August 7, 2019August 8, 2019

The Sinclair bar on Maple Ave. will transition to a new nightclub spot, The Night Owl.

The Night Owl, a new cocktail and dance concept, is slated to open in downtown Saratoga Springs at 17 Maple Ave. in early October.
After two and a half years, the Sinclair Saratoga has sold to Matt Pedersen, who will oversee the new club.
The Sinclair will remain open for the remainder of the summer. The property will begin the changeover process after Labor Day weekend and will continue to be open through the remodel phase.

City, Chamber, Business Association Involved In Events Celebrating 150th Travers Stakes

August 7, 2019August 8, 2019

A typically large crowd is expected at Saratoga Race Course for the Travers Stakes.
Courtesy NYRA

The New York Racing Association, Inc. (NYRA) will run a series of community events during the official countdown to the 150th running of the Grade 1, $1.25 million Runhappy Travers.
The most famous race at Saratoga Race Course will be held Saturday, Aug. 24.
The City of Saratoga Springs, the Downtown Business Association and the Saratoga County Chamber of Commerce worked with NYRA on the celebration that will feature downtown events leading up to the summer season’s marquee race.

Governor Announces Plan To Build Marylou Whitney Pavillion At Saratoga Race Course

August 7, 2019August 8, 2019

This is a rendering of Marylou Whitney Pavilion, to be built at Saratoga Race Course.
Courtey Frost Hurff Architects

Gov. Andrew M. Cuomo announced plans for the creation of the Marylou Whitney Pavilion at the Saratoga Race Course to honor the late prolific philanthropist and racehorse owner and breeder.
The governor made the announcement Aug. 3 in an appearance at the track.
Whitney was known for her support of local charities and Saratoga Race Course backstretch workers. In recent years, she and her husband, John Hendrickson, began sponsoring a series of functions for the backstretch workers who care for the thoroughbreds at the Saratoga Race Course, including hosting and attendingSunday dinners in a temporary tent every racing season.
The Marylou Backstretch Pavilion will replace the temporary tent used by Mrs. Whitney and Mr. Hendrickson with a permanent building that holds up to 400 people. The Marylou Whitney Backstretch Pavilion is expected to be completed in July 2020.

Solar Energy Company Begins Construction Of A Solar Energy Park In Clifton Park

July 3, 2019July 10, 2019

Officials break ground for a new solar park being built by US Light Energy on 40 acres of land on the Sugar-Hill/Sugar-View Farm on Sugar Hill Road in Clifton Park.
Courtesy US Light Energy

US Light Energy, a solar energy company specializing in the development of solar electric and community solar systems, is constructing a solar park in Clifton Park.
The Sugar Hill Solar Farm, on 40 acres of land on the Sugar-Hill/Sugar-View Farm on Sugar Hill Road, will be the first community solar farm developed in Clifton Park, according to the company.
The 7-megawatt (MW), ground-mounted solar project will encompass nearly 20,000 solar modules. Officials said when fully operational later this year, it is expected to produce more than 8.6 million kilowatt-hours (kWh) of clean energy annually—enough electricity to power up to 600 homes and businesses.