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Category Archives: Business News

Ballston Spa Gears Up For Winter Magic: Annual Holiday Parade & Tree Lighting

Posted onNovember 22, 2023November 22, 2023
The Ballston Spa Holiday Parade and Tree Lighting event is set for December 1, 2023. The parade kicks off at 6:30 pm, starting from the intersection of South Street and Milton Ave.
Courtesy Ballston Spa Business & Professional Associatiom

The Village of Ballston Spa will soon become a winter wonderland. The Ballston Spa Business & Professional Association has begun preparations for its annual Holiday Parade and Tree Lighting taking place on Friday, December 1st on Milton Avenue.

 A hometown style tradition, this December favorite typically draws hundreds of spectators to Ballston Spa to watch the brightly decorated floats, fire trucks and community groups parading through the village. The parade steps-off at 6:30pm on the north side of Milton Avenue and proceeds to West High Street. Following the parade, Mr. and Mrs. Claus will arrive on the back of an Eagle-Matt Lee Fire Company truck to light the tree in Wiswall Park. 

 We are excited to announce the parade entries will be judged this year in the following categories: Best Emergency Vehicle Entry, Best Float Entry, Best Walking Entry, and the Brightest Light Award. The brighter and more festive the better.

The parade will once again spotlight the Toys for Tots campaign, in partnership with the Ballston Spa Community Emergency Corps, Saratoga County Sheriff Department and the U.S. Marine Corps. Volunteers from these organizations will be on hand to collect donations of new, unwrapped toys from spectators along the parade route as well as at the tree lighting.

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Forensic Accounting FAZ CPAs Has New Office, Enhances Services In Saratoga Springs

Posted onNovember 22, 2023

FAZ Forensics, a leading Forensic Accounting firm specializing in forensic accounting, valuation, and litigation support, announces its relocation to a new and expanded office space in downtown Saratoga Springs, NY. The move comes as a result of the company’s remarkable growth, having doubled its staff and revenue since its founding.

Seven years ago, Ferraro, Charles Amodio, and Paul Zarecki established their firm following the dissolution of the merger between Albany CPA firm BST and the New Jersey-based Sax.

The new office, located in downtown Saratoga Springs, provides FAZ with a strategic and accessible location to better serve its clients and accommodate its growing team. The decision to move aligns with the firm’s commitment to delivering top-notch forensic accounting services while fostering a collaborative and dynamic work environment.

FAZ has been at the forefront of the forensic accounting industry, offering expert services in financial investigations, valuation, and litigation support. With a proven track record of success and a dedicated team of professionals, the firm has experienced significant expansion, necessitating the move to a larger and more centralized office space.

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Strategic Planning Simplified: 8 Key Questions To Steer Your Business Toward Success

Posted onNovember 22, 2023
Wendy Waldron , the owner of WaldronWorks, is a Professional EOS Implementer®.

Budgets. Strategic Planning. Annual Planning. ‘Tis the season … but who has time? For many business owners it can be hard to work ON your business, rather than feeling the pull to solve IN the business issues. In this article we’ll share a simplified approach to strategic planning.

Can you gather your leadership team and answer these 8 Questions?

1. What are your Core Values? 

I don’t mean your aspirations or the words on a plaque. Rather, what are the behaviors that define your best team members? Who do you LOVE working with – including vendors and clients? What do they have in common? Your core values define the right people for your company. They act as a magnet – both attracting and repelling!

2. What is your Core Focus? 

This is your reason for being; it’s what you’re best at doing! Others call it a mission. It comes from your core and it should give you a filter to help you focus your energy. In Good to Great, Jim Collins says. “You are more likely to die of indigestion of too many opportunities than you are of starvation of not enough.”

3. What is your Core Target? 

Pick a timeframe – 10 years? 15 years? Then identify what you REALLY want to accomplish. Be brave. You are inviting people to be part of……what?

4. What’s your Marketing Strategy? 

Who is your ideal customer and what do they need to hear from you in order to part with their hard-earned money? You don’t need to become a household name. You do need to focus your Marketing and Sales efforts.

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Advance Auto, Sunmark Credit Union and Chase Bank Fill Wilton Perry Crossing

Posted onNovember 22, 2023
Perry Crossing completes transformation: Advance Auto Parts, Sunmark Credit Union, and Chase Bank Anch or 5-acre retail hub

By Christine Graf

Development of Perry Crossing, a 5-acre site located at3088 Route 50 in Wilton, is now complete. The property includes Advance Auto Parts, Sunmark Credit Union, and Chase Bank. Advance Auto Parts celebrated the grand opening of their 7,000-square-foot building in July. The 2,100-square-foot Sunmark Credit Union opened in September, and opening date for the 3,500-square-foot Chase Bank branch has yet to be announced by the company. 

Perry Crossing was developed by Kenneth Brownell and Barry Feinman, principals at Vanguard-Fine LLC. of Guilderland. A full-service real estate development company, Vanguard-Fine operates in Upstate New York, Vermont, Massachusetts, Connecticut, and Eastern Pennsylvania. Established in 1994, the company owns or third-party leases more than 4 million square feet of retail, office, and industrial space.

“We bought the (Perry Crossing) property almost 7 years ago,” said Brownell.  “It’s a great piece of property, and there weren’t really any properties left on Route 50. So, we purchased it, speculated on it, and waited for the right moment to develop it.”

It wasn’t until after the pandemic that Advanced Auto Parts and Sunmark Credit Union expressed interested in the site.

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Gateway Landmark Transformed: Saratoga’s Lincoln Bathhouse Welcomes A Modern Facelift

Posted onNovember 22, 2023
The Parks, Recreation, and Historic Preservation Office announces the completion of a $472,038 facade restoration at the Lincoln Bathhouse in Saratoga Springs.

The Office of Parks, Recreation and Historic Preservation has announced the successful completion of a façade restoration project at the Lincoln Bathhouse on South Broadway in Saratoga Springs. The $472,038 restoration enhanced accessibility and preserved historical features.

“Saratoga Spa State Park’s Lincoln Bathhouse is a distinctive landmark at the gateway to the city of Saratoga Springs,” State Parks Commissioner Erik Kulleseid said. “We are proud of the work to make the building more accessible to all visitors while honoring the park’s historic and aesthetic legacy.”

Most notably for accessibility, the project replaced a non-functional accessibility ramp with a modern and comfortable one that fits the bathhouse’s design. The terra cotta state seal that graces the front of the entrance has been restored to its original condition. The backlit lettering directly below the seal which has not been working in decades was repaired and modernized. Additionally, the building’s stucco had been repaired and repainted: the door hardware was upgraded and repairs to decorative metal railings and stone made.

Originally constructed in 1930, the building was built in the Beaux Arts Neoclassical style. Currently the Lincoln Bathhouse hosts the Saratoga Children’s Museum, the State Park Police, and the New York State Court of Claims. It is also set to become the future main office of Saratoga Spa State Park.

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Record-Breaking Pre-Lease Rate Over 80% Summit In Halfmoon Readies For November Move-Ins

Posted onNovember 22, 2023
The Summit at Halfmoon a 110 unit independent 55+ senior living apartment complex prepares to welcome new residents.
Courtesy The Summitt at Halfmoon

By Susan Elise Campbell

On Friday October 27th, The Summit celebrated the Grand Opening of its fifth and newest location offering independent living for seniors aged 55 or older. According to Jen Nelligan, director of community operations, BBL Construction broke ground just over a year ago, and while residents won’t begin to move in until the 20th of this month, occupancy is already at a pre-leasing commitment rate of 80 percent.

“We are moving in a record number of people in November,” said Nelligan. 

None had yet stepped foot into the new facility upon signing on the dotted line, but any who visited one of the other four locations would have “seen the quality of The Summit. The other buildings are models” for Halfmoon or any other location the profit-making company may construct in the future, she said. “Quality is part of our brand.”

Nelligan said the success of an independent living community is the location.

“Halfmoon is a huge and growing area with many conveniences and amenities on Route 9,” she said.

Seniors already living in the area can “maintain the familiar” and continue to go to their own bank, doctor and post office, which Nelligan said is very important to many.

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Business For Good Bolsters Leadership Team With Hospitality And Non-Profit Experts

Posted onNovember 22, 2023
Mare Pieper, Director of Giving & Grants for Business For Good.

Business for Good announces the hiring of Richard DeJesus, Chief Operating Officer of Hospitality, and Mare Pieper, Director of Giving & Grants. 

Richard DeJesus will be responsible for steering business strategy, revenue generation and growth, and operational oversight across the portfolio of hospitality assets, including Hattie’s Restaurants in downtown Saratoga Springs,Wilton, and the soon-to-launch Albany location; Bread Basket Bakery in downtown Saratoga Springs and Bread Basket Cake Shop in Wilton; and the soon-to-be-opened Blackbirds Tavern and Blackbirds Bike Cafe in Voorheesville. His team will play an important part in supporting Business for Good’s mission of making lasting change in local communities.

DeJesus is a seasoned finance executive with a proven record of leading companies to meet and exceed their revenue and profitability goals year-over-year. He brings more than 15 years of experience in various industries, including sports and entertainment, as well as three years in Big 4 accounting. DeJesus was the Vice President of Finance at Madison Square Garden Sports, where he achieved record revenues in 2022 and 2023. Prior, he was the Senior Director of Finance at Legends, where he facilitated investments and promoted future growth. He began his career as an Accountant at Centerplate (now Sodexo Live!), with oversight on financial details for that company’s exclusive food service agreement at Yankee Stadium.

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Carruth Foundation Pledges $35,000 Match For Saratoga Springs Preservation Campaign

Posted onNovember 22, 2023
Supervisor Matthew Veitch presents Samantha Bosshart a grant for $30,000.

The Saratoga Springs Preservation Foundation announced that the Carruth Foundation has pledged $35,000 to match all gifts received to the Revive 65 campaign to underwrite the rehabilitation of 65 Phila Street. This comes after the Foundation recently announced the final stretch to raise the remaining $100,000 for its campaign.

 “This is such an amazing gift! This pledge, combined with the recently received $30,000 grant from the Saratoga County Supervisors Matt Veitch and Tara Gaston, if matched, will meet our $100,000 goal in record time,” said Executive Director Samantha Bosshart,

 The long-neglected 1851 Alexander A. Patterson House located at 65 Phila Street  – important for its associations with the early development of the city, the spring waters, and the Jewish community – had been on the Foundation’s endangered list for over 20 years and threatened by demolition in 2021. In 2021, the Foundation purchased it with the intent to stabilize the Italianate building, execute environmental abatement, and complete an exterior restoration.

 “Brady and I feel very passionate about helping to maintain the history and integrity of this beautiful city. We are proud to do what we can, as well as encourage others to do so as well,” said Zane Carruth.

 After the Foundation first announced its plans to rehabilitate 65 Phila Street, the Carruth Foundation was quick to show their support with a $50,000 donation to the project. Since then, the environmental abatement and interior demolition were completed. The porch framing and portions of the exterior siding were repaired.  The original porch railings and columns, as well as the historic window sashes, were carefully restored off-site.  A new roof for the main structure has been installed. The structural stabilization and framing of the east extension was recently finished. The exterior painting in historically appropriate colors is nearly complete. 

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Capital Region’s GTM Payroll Services Enhances Offerings With GTM Insurance Agency

Posted onNovember 22, 2023

GTM Payroll Services (GTM), a Capital Region leader in payroll and human resource solutions, announced a significant expansion of the insurance and employee benefit products and services it provides to businesses. Offered through a new affiliate, GTM Insurance Agency, GTM is further enhancing its ability to integrate essential business solutions that save companies time and money while delivering operational efficiencies.

Founded in 1991, GTM has offered workers’ compensation insurance with pay-as-you-go and robust payroll reporting options to businesses for more than two decades. The expansion of GTM Insurance Agency enables access to a wider variety of products and services utilizing local carriers, including MVP Healthcare, CDPHP, and Highmark, and national firms, such as The Hartford, Prudential, and Travelers Insurance, among others. Importantly, all of its sales, operations and support staff – including 4 new hires – are based in the Capital Region, at the same time several area insurance agencies have been acquired by larger firms from outside the region.

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Beyond The Classroom: Dr. Borgos-Hatin’s Impact On Business And Education

Posted onNovember 22, 2023
Dr. Borgos-Hatin appointed SUNY Distinguished Professor after 23 years at ACC.

by Ann Donnelly

New York’s State University Board of Trustees has appointed Dr. Kelli Borgos-Hatin as SUNY Distinguished Professor. Dr. Borgos-Hatin has been a Business Professor at SUNY Adirondack for over 23 years, starting when the college was known as Adirondack Community College, and has taught and mentored hundreds of students during that time. While building the next generation of business leaders is a great passion, she is also a highly regarded entrepreneur. Throughout her career, Borgos-Hatin had also worked in event catering and saw frequent issues with staffing the bar, so in 2011, she founded Mixaritas, mobile bartending services, with Jenn Berry-Youngs, who had been a student in Borgos-Hatin’s Hospitality Management Classes. Since then, the business has seen great success, leading to another business opportunity for Borgos-Hatin. Many event guests asked to purchase the flavored simple syrups she uses in her cocktails. 

In 2019, Borgos-Hatin launched Mixa-Fusion, making syrups with pure cane sugar and natural ingredients with no added preservatives, powders, or extracts. In addition to the syrups, Mixa-Fusion makes and sells hot cocoa bombs in various flavors and scented hand sanitizer that they started producing when there was a significant demand early on during the pandemic.

Early in her career, Borgos-Hatin worked with two strong businesswomen from the region who she cites as role models: Maureen Monahan Chase of Monahan Chase Caterers and Catherine Fisher, who owned a Carvel Ice Cream franchise. Her parents were also significant influences: her mother, JoAnn Borgos, showed her how to manage a busy yet happy household successfully, and her father, Stephen Borgos, who was Professor of Business Emeritus at Adirondack Community College (SUNY Adirondack), working there from 1966-2001.

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