Category Archives: Business News

New York state has awarded $22.1 million in funding to Albany International Airport as part of a $42.1 million project to modernize the facility. 

The grant funding is part of the $200 million Upstate Airport Economic Development and Revitalization Competition passed in the 2017 state budget. 

To complement the state’s investment in Albany airport, Gov. Andrew Cuomo announced a $50 million project to construct a new highway connector between the airport and the Northway in the town of Colonie, to ease traffic congestion and provide a more direct route to the airport. 

The Saratoga County Chamber of Commerce is set to host the 2018 Saratoga County Business-to-Business Expo on Thursday, Oct. 4 at the Saratoga Springs City Center.

The event will start at 3:30 p.m. for members and vendors and at 5 p.m. for non-members. It will conclude at 7 p.m.  Non-members pay a $5 fee,

The Adirondack Trust Co. is the presenting sponsor of the expo.

Donna Ng, a senior financial and administrative executive with extensive experience in higher education and non-profit organizations, was appointed Skidmore’s next vice president for finance and administration and treasurer, effective Oct. 1.

Ng, who was selected after a national search, is currently the senior vice president for finance and administration at Simmons College in Boston and previously vice president for business affairs and treasurer at Scripps College in Claremont, Calif.

At a time when the country is earnestly pursuing other-than-opioid options for pain, Saratoga Community Health Center’s Complementary Pain Management Program, located at 24 Hamilton St. in Saratoga Springs, has been credited by national experts for being among those on the leading edge of alternative pain management initiatives.

 The three-year-old program has been named a winner of the 2018 Recognition of Excellence in Wellness by the Substance Abuse and Mental Health Services Administration’s (SAMHSA) Program to Achieve Wellness. 

SAMHSA is an agency within the U.S. Department of Health and Human Services. The Community Health Center was one of only four recipients—and the only medical facility—winning this year’s national award.

The Board of Directors of the Adirondack Balloon Festival announced details of the 46th annual event to be held Thursday through Sunday, Sept. 20-23.

In celebrating 46 years, the festival’s  logo and theme represent  shared  and celebrated traditions of the region—ballooning and hiking. The event is set to celebrate the majesty of the 46 Adirondack High Peaks.

 The event kicks off Thursday, Sept. 20 at 4 p.m. at  Crandall Park in Glens Falls.  Events continue throughout the weekend at Floyd Bennett Memorial Airport  in Queensbury.  

The National Racing Hall of Fame and Museum announced a $20 million project that will create a multi-screen theater in the round inside the facility at 191 Union Ave., Saratoga Springs

The project was announced Aug. 3 by John Hendrickson, museum president, at the ceremony where new members of the Hall of Fame were inducted.

The theater is expected to be completed by 2020.

The Whitney family, long a friend and benefactor of the thoroughrbed racing industry, donated $1 million toward the project.

Lark Hotels, a boutique hotel collection with 21 properties in New England and beyond, has opened its first New York hotel—The Downtowner on Broadway in Saratoga Springs.

The site, at the corner of Broadway and Division Street, was known for years as the Saratoga Downtowner motel, dating back to the 1960s. It was sold last October to Lark Hotels, a Massachusetts-based company. The company paid former owners, the husband-and-wife team of Mary Cae and William Asay, $4.55 million for the motel.

It has been renovated and reopened as The Downtowner. According to the new company, it has 42 newly renovated guest rooms that “pay homage to the hotel’s past as a retro motor lodge and the surrounding area’s thriving creative community of writers, performers, and visual artists.”

With the release of the 2017 population estimates, it appears that population growth for the region’s municipalities remains stable and concentrated in Saratoga County, according to the Capital District Regional Planning Commission.

The commission — which covers Albany, Rensselaer, Saratoga and Schenectady counties — noted in a July news release that between 2010 and 2017 those communities posted largest residential gains. Halfmoon’s population rose by 13.5 percent, Ballston’s by 12.8 percent, and Malta’s 9.3 percent.

Of the region’s top 10 fastest growing municipalities, seven are located in Saratoga County, the commission said. Halfmoon remains the fastest growing municipality in the region, growing just over 2,900 residents since the 2010 census. The Town of Ballston is second, growing by an estimated 1,247 residents since 2010. 

A Saratoga Springs family has donated $2.5 million to the Massry Family Children’s Emergency Care Center at Albany Medical Center, the region’s only pediatric emergency department.

The donation from Robert and Lisa Moser, and their children, Carson, 10, and Emery, 8, supports Albany Med’s latest project, bringing the amount raised to more than $17 million of the $20 million goal, hospital officials said. 

A ribbon-cutting ceremony was held July 30 and it opened to the public Aug. 1. At the ribbon-cutting, which was attended by donors and leaders from business, government, the community and the hospital, Albany Med President and CEO James J. Barba said the pediatric emergency department is a place where parents can bring their children with confidence that they will receive the best care possible in an age-appropriate setting.