Category Archives: Business News

Woman With Extensive Design Experience Opens A Shop In Saratoga On Congress St.

June 7, 2019June 7, 2019

Staci Snider has opened Snider Fashion, a women’s clothing shop at 18 Congress St., in Saratoga Springs, featuring her clothing designs. It is open Monday through Saturday.
©2019 Saratoga Photographer.com

By Jill Nagy
Staci Snider has returned to Saratoga Springs and opened a women’s clothing shop at 18 Congress St., featuring her clothing designs.
In back of the shop is an atelier, or design studio, with a seamstress on duty.
The store, called Snider Fashion, stocks several dozen variations on the little black dress, most of them with an easy fit and a somewhat edgy look—a lot of crooked hemlines, but not much decolletage. She also sells jackets, skirts, pants, tops and jumpsuits, and some color, mainly bright primary colors, and some white, even an occasional print fabric.

Sky Zone Trampoline Park To Be Built In Clifton Park Center; August Opening Eyed

June 7, 2019June 7, 2019

by Christine Graf
Sky Zone Trampoline Park, currently under construction at Clifton Park Center, is scheduled to open in August. It will occupy 23,000 square feet of mall space, situated between Regal Cinemas and Boscov’s.
Owner Rusty Saunders is investing $1.5 million in the new facility.
Saunders owns several other businesses including R.S. Masonry in Fort Edward, Action Equipment and Supply in Glens Falls and Sky Zone Trampoline Park in Queensbury.

CEG To Expand Services In Merger With The Upstate Alliance For Creative Economy

June 7, 2019June 7, 2019

The Center for Economic Growth (CEG) is merging with the Upstate Alliance for Creative Economy (ACE) in an effort to expand on the economic development endeavors of both organizations.
ACE was founded in 2016 to advocate and help grow the “creative industries,” which have now become the fourth largest employment sector in the Capital Region, generating over $1.4 billion in earnings in 2017, according to development officials.

GlobalFoundries To Sell Chip Design Branch Avera Technology To Marvell For $740M

June 7, 2019June 7, 2019

GlobalFoundries is selling its chip design business Avera Semiconductor to Marvell Technology Group Ltd. in a deal valued at up to $740 million.
Officials said Marvell will pay $650 million in cash for Avera at the deal’s closing, plus another $90 million in cash if certain business goals are met within the first 15 months. The acquisition includes most of Avera’s revenue base, design agreements with several large OEMs, and a new supply agreement between Marvell and GlobalFoundries.

Pioneer Bank Acquires Employee Benefits Group And HR Consultants Jaeger & Flynn

June 7, 2019June 7, 2019

Pioneer Bank plans to acquire Jaeger & Flynn Associates, an employee benefits brokerage, insurance, third-party administrative services, and human resources consultant which has offices in Saratoga Springs, Clifton Park and Glens Falls.

New Co-Working Space, Palette Cafe, Also Offers Coffee, Baked Goods And Other Snacks

June 7, 2019June 7, 2019

Catherine Hover recently opened the Palette Cafe, at 493 Broadway in Saratoga Springs. It features a co-working space, but also a variety of food and beverage offerings.
©2019 Saratoga Photographer.com

by Andrea Palmer
Catherine Hover, owner of Saratoga Paint & Sip, has opened a new cafe and shared workspace in the heart of downtown Saratoga Springs.
The Palette Cafe, at 493 Broadway, features co-working space. It serves kru coffee, alcohol beverages, snacks, desserts, meat and cheese plates and the New Orleans specialty doberge cake. The cafe carries specialty doughnuts by Darling Doughnuts.

U.S. Small Business Association Gives Award To Berkshire Bank At Annual Lenders Meeting

June 7, 2019June 7, 2019

The U.S. Small Business Administration’s Office of International Trade has honored Berkshire Bank for its entrepreneurial approach, customer relations and distinctive culture.
44 Business Capital, a division of Berkshire Bank, as named as the 2019 SBA Export Lenders of the Year at the 12th annual SBA Export Lenders’ Roundtable. During the event, both lenders were recognized for their efforts to increase access to capital for U.S. companies providing international trade financing to small businesses.

Jim Malatras Named President Of Empire State College By SUNY Board Of Trustees

June 7, 2019June 7, 2019

Jim Malatras, the current president of the Rockefeller Institute of Government, was named president of Empire State College by the SUNY

Jim Malatras will be the new Empire State College president, effective July 15.
Courtesy Empire State College

Board of Trustees.
His appointment is effective July 15.
“Dr. Malatras has dedicated his career to serving the state of New York, and he has a keen focus on public education as a path to ensure social mobility for our citizens,” said SUNY Chairman H. Carl McCall.
“Empire State College offers a highly individualized education and in doing so it provides a unique opportunity for a campus president,” said SUNY Chancellor Kristina M. Johnson. “We are confident in Dr. Malatras’s abilities to move the campus forward in its mission to provide a high-quality academic experience.”

Saratoga Hospital To Proceed With Building New Medical Facility Near Northway Exit 18

June 7, 2019June 7, 2019

This is a rendering of the 17,700-square-foot medical building Saratoga Hospital plans to build near Northway Exit 18, a plot that was once the site of Carl R’s Cafe.

By Susan E. Campbell
Saratoga Hospital is proceeding with plans to construct a medical building at Exit 18 following unanimous approval by the Queensbury Planning Board at its April 30 meeting.
“The Planning Board process is now complete,” said a spokesperson for Saratoga Hospital. “The site plan has been approved and a SEQRA negative declaration prepared.”

Fifth Annual Adirondack Wine & Food Fest To See A Record 120-Plus Vendors In Late June

June 7, 2019June 7, 2019

This is an aerial shot of the Adirondack Wine & Food Festival in Lake George.
Courtesy Adirondack Wine & Food Festival

The Adirondack Wine & Food Festival will return to the Charles R. Wood Festival Commons in Lake George on Saturday, June 29, and Sunday, June 30.
The fifth annual, family friendly wine and food tasting event will feature a record 120-plus vendors, according to Sasha Pardy, festival owner and co-owner of the presenting sponsor, Adirondack Winery in Lake George.
It includes producers of New York state wines, craft beverages, artisan foods, 11 food trucks, arts and crafts and more.