Category Archives: Business News

By R.J. DeLuke

Congress Plaza in Saratoga Springs will soon  be the home of a new taproom selling craft beers from a Washington County farm brewery business.

R.S. Taylor & Sons Brewery is renovating a 1,600-square-foot space in Congress Plaza. The business will go into the end unit in the southern portion of the plaza that was formerly Bubbles Laundromat.

Renovations involve putting in a bar and tap service. “It shouldn’t take long to do what we need to do,” said Rich Taylor, owner of the farm brewery business and its chief brewer. The main issue is getting all the necessary operating permits.

“We hope to be open by Memorial Day weekend,” he said.

The company currently operates a tap room on the farm property where people go to quaff the locally made product and occasionally listen to music. Under the farm brewery license, companies like R.S. Taylor & Sons are allowed to open up to five tap rooms.

The one in Saratoga Springs will be the second. A third is being planned in the Albany area, Taylor said.

R.S. Taylor & Sons specializes in brewing English-style ales with a brewing system custom crafted by Portland Kettle Works in Portland, Ore.  They use a combination of home-grown hops, hops grown for them at nearby Cold Spring Hop Farm in North Hebron, and a selection of British-grown hops. The water is from the artesian wells on the farm.

Feigenbaum Cleaners, one of the oldest dry cleaning businesses in New York state, with locations in Saratoga Springs and Wilton, is celebrating its centennial anniversary.

The company was started in Glens Falls, where it is still headquartered, in 1917 by Herman Feigenbaum and his wife Jennie, both emigrants from Austria-Hungary. They met and married in New York City in 1909.

The local shops are at 33 Railroad Place in Saratoga Springs and at Wilton Square, 3039 Route 50 (near Staples). The business also has shops in Queensbury and in Latham.

“After working as a tailor for years in the crowded garment factories of New York’s Lower East Side, Herman decided to leave New York City to purchase a tailor shop in Whitehall,” said Todd Feigenbaum, the third-generation owner.

“On their way to Whitehall, the family of five decided to spend a night in Glens Falls. After exploring the community and falling in love with its charm, they decided Glens Falls would be their new home.”

Is bigger always better? Not necessarily, according to August Rosa who opened his second business, Pint Sized, at 489 Broadway in Saratoga Springs.

“I am thrilled to finally announce this second business in the middle of Saratoga Craft Beer Week,” said Rosa in late February.

He said Pint Sized is probably going to be the smallest bar in the area, presenting guests with a cozy craft-beer experience.

The project is moving toward a spring opening date.

Rosa said the small bar will have 12 beers on tap, available by the glass or growler. In addition to craft beer on premises, there will be a wide selection of brews to purchase for off-premise consumption as well. Product will be sold broken up as single units, packaged, or as mix-six packs.

Rosa said there will be a small wine list and a rotating food menu with light fare.

BST & Co. CPAs LLP, one of the Capital Region’s leading financial and management consulting firms, has acquired the finance, management and accounting services company CFO for Hire LLC.

The Albany-based firm is operating under the BST banner. The acquisition was announced in March. Company officials said it will enhance and complement BST’s current service offerings of tax planning, financial consulting, and business valuation, by providing companies with an outsourced alternative for day-to-day accounting services.

All 19 staff members employed by CFO for Hire have made the transition to BST.

The new division of BST will be led by Jim Lozano founded CFO for Hire in 2000 and has grown the company from two clients at its inception to 84 clients in 2016. Under BST, CFO for Hire will continue to serve clients throughout the Capital Region, Central New York and Mohawk Valley, while expanding its offerings to businesses in the Hudson Valley.

“We are pleased to welcome Jim and his skilled team to BST as we further our services to meet a new type of client need. This addition is an opportunity for us to take advantage of the growth opportunities available to us in upstate New York while bringing BST’s signature brand of service to new businesses,” said Ron Guzior, managing partner of BST & Co. “Jim has built an outstanding operation that meets a demand unique to many closely- or family-held businesses and nonprofit organizations.”

“When I began CFO for Hire nearly two decades ago, it was in response to seeing the clear need for a permanent financial solution for companies that simply do not require full-time, in-house accounting personnel. We offer businesses the opportunity to have a team of expert finance and accounting staff at their disposal, without the overhead costs,” said Lozano. “I have long respected the team at BST, and am excited to join them.”

KPM Group Tax and Business Services is expanding with the relocation of its corporate offices to 125 Highrock Ave., Suite 107, in Saratoga Springs.

KPM is a national ‘boutique tax advisory’ firm, as well as traditional accounting office combining the talents and expertise of the father/son team of Paul and JP Komorny. 

Paul has been serving and providing the community of Saratoga Springs and surrounding area with accounting, tax and investment services for over 40 years. Since 1995, JP has been involved in real estate taxation and engineering-based cost segregation studies and other specialty tax cost recovery services for corporate or business clients.

He offers a comprehensive approach to his corporate clients, with over 20 years of experience in cost-recovery tax methods.

Company officials said blending the traditional with cutting-edge specialty tax recovery services is the foundation of KPM.

KPM service offerings include cost segregation, asset dispositions, research and development tax credits, energy tax credits, commercial lending, payroll services, tax preparation, accounting/bookkeeping services and business planning.

Bond, Schoeneck & King law firm opened a new office in Saratoga Springs on March 20.

Company officials said the Saratoga office will serve a large client base comprised of businesses, nonprofit organizations and individuals in the Saratoga and southern Adirondack communities.

The office is located at 268 Broadway in downtown Saratoga Springs.

“We are opening the office to better serve one of the fastest growing communities in upstate New York,” said Michael Billok, co-chairman of the firm’s cybersecurity and data privacy practice, and member of the firm’s labor and employment practice.

“With the number of clients we have in Saratoga and the surrounding areas, it made sense for us to add a Saratoga office to be more convenient for our clients. I’m excited to work in the heart of this vibrant community,” he said.

Bond has been an active member of the Saratoga County Chamber for many years, and its attorneys serve on boards for several local organizations, including the Saratoga Senior Center, Saratoga County Economic Opportunity Council, the Prevention Council, the Adirondack Chamber of Commerce and Make-A-Wish of Northeast New York.

By Maureen Werther

When the owners of Studio Tack, a Brooklyn-based design and development group, first encountered the old motor lodge on Gridley Street near Saratoga Race Course, it was not the type of structure people would want visitors to ponder when thinking of the Racing City.

Run down and in need of repair, the Brentwood Hotel at 15 Gridley St. presented an opportunity for the Studio Tack team to develop a boutique property that captures the history of Saratoga Springs.

Studio Tack has transformed properties as nearby as Scribner’s Catskill Lodge in Hunter, N.Y., and as far away as Barcelona, Spain. The company takes cues from the culture and heritage of the property’s surroundings and incorporates them into cosmopolitan and contemporary spaces.

“We were all captivated by the property’s location and relationship to the historic race course,” said Leigh Salem, one of the owners of Brentwood Hotel. “During track season, you wake up to horses walking down Gridley Street to the training grounds. There is something incredibly romantic to be surrounded by the stables and the long traditions of the sport. In the off season, we find the location equally charming. A place of respite away from Broadway where you can sit outside and enjoy some quiet.”

“We fell in love with the idea of creating a small, intimate, and carefully appointed property,” he added.

Tickets are already on sale for the 2017 meet at historic Saratoga Race Course.

The New York Racing Association (NYRA) said people can now purchase full-season ticket plans and season admission passes.

Full-season plans, which include reserved seats for the full 40-day season,  are available online through NYRA AccountManager, utilizing the Saratoga Virtual Venue seating map, enabling fans to digitally preview their seat location and sightlines before purchasing tickets, officials said.

Full-season plans include 40 days of admission based on the cost of a season pass.

A season pass provides fans with admission to 40 days of racing, including the Grade 1 Travers and Grade 1 Whitney.

NYRA said the cost for a grandstand season pass is $40 and a clubhouse season pass is $65. Season passes do not include reserved seating and are valid for one admission. Season passes may be purchased through NYRA AccountManager.

“A Saratoga season pass provides fans with the ability to witness the best thoroughbred racing at a world-class sporting and entertainment venue for the equivalent of a dollar a day,” said NYRA Senior Vice President and Chief Experience Officer Lynn LaRocca. “A Saratoga season pass also comes with an exclusive, free perks program that offers discounts to local restaurants, retailers and Live Nation concerts at SPAC, plus local college basketball and other sporting events. One can easily argue that there is no better value in professional sports.”