Category Archives: Business News

The LA Group, Landscape Architecture and
Engineering PC announced the acquisition of
HMH Site & Sports Design in Ithaca.

The expansion brings a new office in Ithaca,
six new staff members, and an increased focus
on resorts and recreation, including a niche in
athletic fields, the company said.

Founded in 1974, The LA Group is a 46-person
landscape architecture and engineering
firm based in Saratoga Springs. It’s built a
regional and national reputation working for
the Veterans Administration, the National
Park Service, developers and municipalities
for urban revitalization and clients such as the
Luther Forest Technology Campus in Malta.

HMH was founded in 2005 as a boutique
firm specializing in athletic facilities. Over
the past 10 years, it has worked on projects
for Farmingdale State College, SUNY Cortland,
Binghamton University, and the Niagara Falls
City School District, among others.

The state Public Service Commission has
approved a 10-year, $5 billion Clean Energy
Fund designed to accelerate the growth of
New York’s clean energy economy, address
climate change, strengthen resiliency in the
face of extreme weather and lower energy
bills for New Yorkers starting this year.

Additionally, the fund will attract and
leverage third-party capital to support the
governor’s aggressive Clean Energy Standard,
one of the nation’s most ambitious goals to
meet 50 percent of our electricity needs with
renewable resources by 2030, officials said.

“New York is a national leader in combating
climate change and growing the clean
energy economy and today we are taking the
next big step forward,” Gov. Andrew Cuomo
said. “This unparalleled $5 billion investment
will leverage more than $29 billion in
private sector funding and open the door to
new clean energy opportunities for years to
come. We are raising the bar when it comes
to increasing the use of renewable energy and
reducing harmful carbon emissions, and I am
proud that the Empire State is continuing to
set the example for the future.”

The fund, to be administered by the New
York State Energy Research and Development
Authority, builds on the progress the state is
already making in developing a robust clean
tech sector. It is projected to result in more
than $39 billion in customer bill savings over
the next 10 years through innovative projects
and private-public partnerships focused on
reducing greenhouse gas emissions, making
energy more affordable through energy efficiency
and renewable energy, and mobilizing
private-sector capital.

The Independent Advisory Committee of
the Adirondack Trust Co. Community Fund
has awarded Lend-A-Hand Grants to 23 local
nonprofit organizations.

The grants were presented at the fund’s annual
grant award reception in December. Directors or
representatives of the organizations were present
at the reception and spoke briefly about their
respective organization’s mission and how the
grant will support their particular cause.

Grant awards were provided to:

KeyBank, in the process of purchasing First
Niagara Financial Group announced in December
it plans to keep mortgage operations in Buffalo
where First Niagara Bank is based.

KeyBank, a wholly owned subsidiary of KeyCorp, with various offices in Saratoga County,
said it will leverage and expand First Niagara
Bank’s mortgage capabilities as it completes
First Niagara’s merger into Key.

Officials said that although it is too soon to
know exactly how many jobs the Buffalo mortgage
operations will entail, it is anticipated that
initially approximately 300 employees will be
needed to ensure all functions are covered.

KeyCorp and First Niagara Financial Group
announced on Oct. 30, 2015, an agreement for
Key to purchase the Buffalo-based bank, subject
to shareholder and regulatory approvals. Key
recently announced a plan to bring its currently
outsourced mortgage fulfillment operations into
the organization. The scope of the project will
now leverage First Niagara’s servicing platform
systems and expertise after the merger occurs.