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Category Archives: Business News

Craft Beer Success Means Expansion At Local Brewery, More Business At Steel Fab Company

Posted onJune 8, 2016November 8, 2017
common roots hc.jpg
Bert Weber, left, and Christian Weber, owners of Common Roots Brewing Co. in South Glens Falls are adding four new fermenting vats to the growing operation.

Courtesy Common Roots Brewing Co.

fronhofer vc.jpg
Fronhofer Tool Co. has moved into the niche of making fermenting vats for breweries.

Courtesy Fronhofer Design

By Jill Nagy

Common Roots Brewing Co. in South Glens Falls is doubling its brewing capacity and a local company, Fronhofer Design of Cossayuna Lake, is fabricating the vats that will allow them to do it.

Both are local, family-owned, companies.

Common Roots will add four new 20-barrel (620 gallons) fermenting vats and a new 20-barrel “bright tank,” said co-owner Bert Weber.

The bright tank, he said, is for the final conditioning of the beer. It spends a day or two in the tank before being transferred to kegs.

Fronhofer is a 36-year-old steel fabrication company in Washington County, consisting of Fronhofer Tool and Fronhofer Design. Brewery equipment is a relatively new line of work for them.

“They do beautiful work,” Bert Weber said of Fronhofer.

Getting into the brewery niche began about two years ago, according to Paul Fronhofer II, who runs the business along with his brother Kyle. Paul Sr. founded the business in 1980.

Their projects have included a 40-barrel tank for a meadery (a honey-based beverage) in the Bronx, a 70-barrel tank for the Brown’s Brewery facility in Hoosick Falls, and a full-scale brewery in Argyle.

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Concerned Citizens For Saratoga Racing Tabs Lewi As Chair, Pushes for Track Privatization

Posted onJune 8, 2016November 8, 2017

The Concerned Citizens for Saratoga Racing has rejected the state’s plan for re-privatization of the New York Racing Association.

NYRA is the group that operates Saratoga Race Course, Belmont Park and Aqueduct, the three main thoroughbred horse racing tracks in the state.

According to the local group, the plan now being circulated by Gov. Andrew Cuomo that seeks to retain public control of NYRA and unilaterally transfer funds legally designated for the state’s thoroughbred racing industry into the state’s general fund.

Four years ago, Cuomo “promised to return NYRA to a nonprofit corporation in three years,” Concerned Citizens said in a statement. “He did not keep that promise last year. This year, his plan is another means by which he is seeking to exert his control over NYRA and the future of our state’s thoroughbred racing industry.”

The group, which recently elected Maureen Lewi as its chairwoman, said the governor’s proposal will:

• Allow the governor to appoint one-third of the members to the new NYRA board of directors or five of the 15 members.

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Downtown Business Association Joins With SPAC For Discount Promotional Venture

Posted onJune 8, 2016November 8, 2017

The Saratoga Performing Arts Center (SPAC) has partnered with the Saratoga Springs Downtown Business Association in celebration of SPAC’s 2016 50th anniversary season, offering SPAC patrons a 10 percent discount at participating DBA member businesses.

Participating DBA businesses show a SPAC 50 logo in their window.

In addition, SPAC and the DBA co-present a chance to win SPAC amphitheater tickets to all 2016 performances of the Freihofer’s Saratoga Jazz Festival, New York City Ballet, and the Philadelphia Orchestra. The sweepstakes package is valued at more than $2,000.

Officials said anyone can enter to win by completing an entry form at participating DBA member businesses before June 19. The winning entry will be drawn on June 21. Participants must be 18 or older to enter.

“We are delighted to announce our exciting 2016 50th Anniversary partnership with the Saratoga Springs Downtown Business Association,” said Marcia J. White, president and executive director of SPAC. “For five decades, community collaborations such as our continued partnership with Saratoga’s DBA member businesses have facilitated SPAC’s growth into an internationally renowned summer home for world-class music and dance. As we celebrate SPAC’s 50th Anniversary, we celebrate this community that has enhanced, enriched, and expanded SPAC for fifty years.”

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Cerri Annette Banks Is Named Skidmore College Dean Of Students Beginning Aug. 1

Posted onJune 8, 2016November 8, 2017
dean of students - cerri banks c.jpg
Cerri Annette Banks will be the new Skidmore College dean of students.

Courtesy Skidmore College

Skidmore College in May named Cerri Annette Banks as dean of students and vice president for student affairs.

Currently serving as vice president for student affairs and dean of the college at Mount Holyoke College in South Hadley, Mass., Banks will begin her new position at Skidmore on Aug. 1.

“We are truly thrilled to welcome Cerri Banks, who brings an extraordinary level of experience in the increasingly complex world of student affairs,” said Skidmore President Philip A. Glotzbach. “She is uniquely qualified to lead a division that oversees every facet of our students’ lives outside of the classroom. Her background and insights will be invaluable in the President’s Cabinet and across our campus.”

Banks will oversee 134 employees and five offices within Student Affairs, including athletics, campus life, career development, student diversity programs, and student academic services.

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Cuomo Introduces 8 Laws To Cap Campaign Contributions At $5,000, Closing 'Loophole'

Posted onJune 8, 2016November 8, 2017

Gov. Andrew M. Cuomo announced in May that he is advancing legislation to close what he called “the LLC loophole” in New York state.

The governor has introduced eight bills – one for all political offices and one for each of the state’s elected offices, requiring that limited liability corporations be treated as traditional corporations, capping contributions at $5,000. The bills would prevent LLCs from circumventing disclosure requirements and ensure that businesses do not wield an outsized influence in politics and elections across the state, Cuomo said.

“The people of New York are demanding change and it’s time we took action to restore the public trust by closing the LLC loophole and bringing fairness to our campaign finance system,” Cuomo said. “For years, I have proposed closing the LLC loophole–one of the most egregious flaws in our campaign finance system–and every year the bill has stalled. This year, I am introducing eight different bills to close the LLC loophole – one for each elected office in the state. Pass all of them, or as many as you’d like, but at a minimum, pass the one impacting anyone running for the office of the governor.”

He said the LLC loophole is widely open to abuse – with companies regularly taking advantage of the gap in state law to set up numerous LLCs to donate millions of dollars to political campaigns, candidates for public office and elected officials in New York.

These eight bills are designed to close the LLC loophole, all of which apply to candidates for governor:

1. Everyone (all candidates for state political office).

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Lola Accessory Boutique Has New Broadway Space, Prepares To Launch New Product Line

Posted onJune 8, 2016November 8, 2017
lola-hc-logo.jpg
Megan Druckman operates Lola Saratoga at 372 Broadway, formerly Lola Accessory Boutique. The store sells women’s handbags, jewelry and accessories and some paper goods.

©2016 Saratoga Photographer.com

By Jill Nagy

The former Lola Accessory Boutique in Saratoga Springs has a new name, a new location and is about to launch a new product line.

The shop, now known as Lola Saratoga, moved in April to larger quarters at 372 Broadway, a location that allows greater visibility and an expanded assortment of merchandise, according to its owner, Megan Druckman.

The store sells women’s handbags, jewelry and accessories and some paper goods. Their products include Rebecca Minkoff handbags and they are the only Capital Region outlet for Kate Spade products, Druckman said.

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A Portion Of 'Fireball Run', A Contest Streamed On TV, Internet, To Be Filmed Locally In Sept.

Posted onJune 8, 2016November 8, 2017

Fireball Run, a television and internet streaming series, will be crossing New York state in late September, passing through southern Saratoga County in September.

The Fireball Run is a live action trivia pursuit, adventure travel competition that has “missions” or tasks framed as trivia. Each 26-episode season is filmed in a section of the country, edited, then streamed over the internet in the U.S. and shown on television stations.

Welcome events are planned in Ballston Spa and Clifton Park, according to the Chamber of Southern Saratoga County, as 40 competing teams vie for top honors in solving clues and engaging with historic artifacts. Contestants also aid in the search for America’s missing children, and to date 48 children have been found in part by their efforts, according to program officials.

The contestants will be in the area on Sept. 29 and 30.

The event is not a race, organizers said. Teams earn points for completing tasks after having driven to spots of interest, many times historical, based on clues. Points also can be deducted for things like speeding.

The 2016 rally will be going up and down the Hudson Valley as well as the surrounding states from Sept. 23 to Oct. 1. Estimates put the financial impact of the presence in a community at $250,000 per day, according to the production company.

The rally will arrive in Ballston Spa Sept. 29 and Clifton Park on Sept. 30.

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J.W. Danforth Co., Mechanical Contracting Company, To Have New Halfmoon Office Soon

Posted onJune 8, 2016November 8, 2017

By Maureen Werther

J.W. Danforth Co. plans to take occupancy of its newest location at 5 Liebich Lane in Halfmoon by late fall or early winter of this year.

One of the largest mechanical contracting firms in the Northeast, Danforth has its origins in the Buffalo area, where it began over 130 years ago. Its main office is now located in Tonawanda, a few miles outside of Buffalo. The company received site plan approval from the Town of Halfmoon in early May.

Danforth came to the Capital Region in the fall of 2015 to help support the expansion at GlobalFoundries. The company initially rented space in Clifton Park until about six months ago. The company is now occupying space at 107 Hermes Road in Malta until construction on the new office is completed.

This new building will be the third location for Danforth. They also have an office in Victor, N.Y.

According to Steve DiRaimo, vice president of business development and acquisitions, “With the addition of the new office, Danforth will be better positioned to expand in the Capital Region and offer a full array of services, including custom sheet metal and pipe fabrication; full mechanical contracting services; design-build capabilities; energy performance contracting, and other specialty offerings.”

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NBT President Dietrich Named Chairman, Among Bank Management Changes In 2016

Posted onJune 8, 2016November 8, 2017
nbt story - martin deitrich c.jpg
NBT President and CEO Martin A. Dietrich was elected chairman of
NBT Bancorp Inc.
Courtesy of NBT
nbt story - daryl forsythe c.jpg
Daryl R. Forsythe has retired as chairman of NBT Bancorp Inc.
Courtesy of NBT

The board of directors of NBT Bancorp Inc. elected President and CEO Martin A. Dietrich to the position of chairman following the retirement of Daryl R. Forsythe.

Dietrich also announced his intention to retire in December 2016.

Dietrich began his career in financial services with NBT Bank, N.A, in 1981. He joined the bank’s senior management team in 1995. Dietrich became president of the bank in 2000; advanced to president and CEO of the bank and president of NBT in 2004; and ultimately became CEO of NBT in 2006. He joined the board of directors in 1993 and NBT’s board of directors in 2005.

Dietrich is a graduate of Colgate University with a bachelor’s degree in economics.

He said of Forsythe, “Daryl’s impact on NBT has been tremendous. During his tenure, the company has grown from a community bank with a local presence in central New York to one of the leading financial services organizations in the northeast at a time when the banking industry has faced many historic challenges. On behalf of all NBT directors, our nearly 1,800 employees and our retirees, I extend our deeply-felt gratitude and appreciation for the dedication, leadership and vision Daryl has provided.”

The board of directors also unanimously endorsed a succession plan that calls for the promotion of John H. Watt, Jr. to the position of president of the bank, effective immediately, and expanded roles for other members of NBT’s Executive Management Team.

Upon Dietrich’s retirement from active employment, Watt will succeed him as chief executive officer of NBT and the bank.

“NBT has benefited from consistent leadership for several decades,” said Dietrich. “We are pleased to have the resources within our organization to create this succession plan. The board’s unanimous endorsement of the plan speaks to the high level of confidence they have in John Watt and NBT’s entire Executive Management Team.”

Watt joined NBT in 2014 to lead the bank’s expansion into Maine and establish a regional headquarters in Portland. Since joining NBT, his role has expanded to provide executive leadership for credit administration, consumer lending, marketing and product development. He was promoted to executive vice president in 2015.

Watt has over 30 years of experience in financial services. Prior to joining NBT, he was executive vice president of commercial banking, investment management and bank operations at Alliance Bank, N.A., through the merger with the bank in 2013.

Previously, he was employed by JP Morgan Chase and its predecessors. He is a graduate of Rutgers University with a bachelor’s degree in political science and earned his Juris Doctor from the National Law Center at George Washington University.

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National Grid To Hold Upstate Business Prices

Posted onJune 8, 2016November 8, 2017

National Grid’s prices for delivering electricity and natural gas to upstate New York customers will be extended at today’s levels into 2018, following regulatory approval of a plan that also will allow the company to continue investment in its networks.

Current energy delivery prices will be maintained through March 2018, extending a period of delivery rate stability for consumers that began more than a decade ago, company officials said.

The company also will be increasing its capital investment in its electricity and natural gas networks over the next two years to approximately $1.3 billion, bringing total investment since 2013 to more than $3 billion. These investments are improving the safety and reliability of the networks, encouraging growth and enhancing storm resiliency, said Daly, National Grid president-New York.

Read More

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