Category Archives: Business News

NY State of Health, the state’s official health plan Marketplace has a variety of health insurance options available to New Yorkers in 2020.
Open Enrollment for coverage in a 2020 Qualified Health Plan started Nov. 1 and will continue through Jan. 31. New York’s enrollment window is twice as long as the federal marketplace, giving consumers more time to shop for the best coverage for themselves and their families.
“Marketplace enrollment is at its highest point ever with more than 4.8 million New Yorkers enrolled in comprehensive health insurance coverage, but there’s still more work to be done,” said NY State of Health Executive Director Donna Frescatore. “As we enter our seventh year, New Yorkers will once again have a broad choice of affordable and quality health plan options in every corner of the state, and our free in-person assistors are ready to help consumers shop for the most affordable plan option.”

Small Business Association Syracuse District Director Bernard J. Paprocki released in October the fiscal year 2019 lending report, with 501 7(a) and 504 loan approvals valued at $172.9 million across the 34-county Syracuse district.
Paprocki said Berkshire Bank, The Adirondack Trust Co. and Saratoga National Bank & Trust Co. had the highest number of 7(a) approvals in their respective categories based on asset size.
“Small businesses in Upstate New York are accessing the affordable capital they need to start and expand with SBA-backed loans,” said Paprocki.

Saratoga Hospital is leasing more than 56,000 square feet at Wilton Mall to free much-needed space for patient care on the main hospital campus.
The lease, with mall owner and operator Macerich, reflects Saratoga Hospital’s long-term strategic plan to dedicate its Church Street campus to services that must be provided in a hospital setting—24/7 access to intensive and emergency care, constant monitoring, and a highly skilled medical team.
Officials said information systems and other support functions will be the first to move from the hospital campus to the mall space previously occupied by Sears. As departments relocate, hospital space will be reconfigured to meet the desperate need for more inpatient rooms and services that require the capabilities only a hospital can provide.
“Like many hospitals that were built before cities grew around them, we are almost out of room on our hospital campus,” said Angelo Calbone, Saratoga Hospital president and CEO. “To best serve our growing community, we must find ways to reserve space at the hospital for care that simply can’t be provided anywhere else.
“Virtually every Saratoga Hospital facility-related decision reflects that priority,” he said. “This innovative and strategic leasing arrangement is yet another example.”