Category Archives: Business News

Sunrise Management & Consulting in Latham has grown its multifamily apartment portfolio with the purchase of Halfmoon Garden Apartments in Clifton Park and Canfield Apartments in Gansevoort. 

The sale was brokered by Dean and Ryan Taylor of Continuum Commercial Realty, and SEFCU financed the transaction. 

Sunrise will manage the communities.

“Halfmoon Garden Apartments and Canfield Apartments are valuable assets that fit nicely into our portfolio,” said Jesse Holland, president of Sunrise Management & Consulting. “We were impressed with the way the longtime owners cared for the properties and wish them well in their retirement. We look forward to getting to know the residents.”

The Frances Young Tang Teaching Museum and Art Gallery at Skidmore College has reopened  and will host a series of upcoming tours that are free and open to the public.

Tang guide tours, Sundays at 2 p.m. during the spring semester through May 1, provide visitors with an overview of the museum and what’s on view. The tours are given by Tang Guides, Skidmore College students and visitor services associates who are part of a program that introduces them to the Tang and the museum world, trains them how to be gallery ambassadors and tour guides, provides guidance in how to talk about art, and gives them valuable experiences interacting with visitors.

Curator’s tours feature the organizing curator or curators providing in-depth information of an exhibition. They are set for:

Thursday, Feb. 17, noon: assistant director of curatorial affairs and Malloy curator Rachel Seligman; assistant professor of art history Nancy Thebault, and students from the Scribner Seminar; “Outsiders? Folk and Self-Taught Artists in the United States” give a tour of On Their Own Terms. 

Thursday, March 24, noon: associate curator Rebecca McNamara give a tour of Radical Fiber: Threads Connecting Art and Science, which includes the community-created crochet coral reef Saratoga Springs Satellite Reef.

Thursday, April 14, noon: Dayton director Ian Berry gives a tour of Opener 34: Ruby Sky Stiler—New Patterns.

SkillsUSA has awarded a grant to the SkillsUSA chapter at the F. Donald Myers Education Center in Saratoga Springs, thanks to its longtime partnership with Lowe’s Home Improvement. 

SkillsUSA and Lowe’s have teamed up for 16 years to support career and technical education (CTE) classrooms across the nation. 

The new Lowe’s grants provide eligible SkillsUSA chapters with additional programming resources including tools and equipment and construction materials for students’ hands-on learning projects, officials said. The support can also be used for materials and supplies for local community service projects SkillsUSA chapters would like to conduct but need additional support to launch. 

Each eligible school applied for a grant up to $15,000. Schools are asked to focus on outcomes and the quantifiable impact data of their projects. The grants are intended for construction trades programs to prepare our future skilled workforce, as well as for lab improvements or community service. 

The grant obtained by the SkillsUSA chapter at the F. Donald Myers Education Center will be used to provide the HVAC lab with upgrades and state of the art industry equipment.

“This amazing opportunity through Lowe’s provides our SkillsUSA chapters with more resources to support CTE and hands-on learning. All SkillsUSA projects are student-led and center around the development of personal skills, workplace skills and technical skills grounded in academics through the SkillsUSA Framework, so every member has an opportunity for career success,” said SkillsUSA executive director Chelle Travis. “These grants remove financial barriers to excellence and ensure that SkillsUSA chapters have quality resources for the betterment of our CTE programs and projects.” 

By Paul Post

Only a week after opening, more than 75,000 tickets had already been sold to a major new winter attraction that officials hope can contrubute to transforming Lake George into true year-round tourist destination.

Visitors to Ice Castles—a 1.5-acre man-made sculpture with frozen 25-foot-high archways, tunnels and slides—are expected to spend more than $4 million for lodging, meals, fuel and similar services.

Located at Charles R. Wood Park’s Festival Commons, 17 West Brook Road, it coincides with this year’s 60th annual Lake George Winter Carnival, featuring a slate of fun activities each weekend in February.

“This is big, really big,” said long-time Mayor Robert Blais, who has worked  to promote winter tourism for many years. “All the businesses that have been open all these years, that have struggled through the winter and supported the Winter Carnival, I say thanks to them. Now you’re going to be rewarded. To the ones that don’t stay open and take advantage of it, I say, ‘You don’t know what you’re missing’.”

In addition to Utah, where Ice Castles is based, the company has similar attractions in Minnesota, Wisconsin and New Hampshire. This is its first time in upstate New York.

By Susan Elise Campbell

Saratoga Eagle Sales & Service is in the process of acquiring two companies that will expand its reach distributing beer, wine, soft drinks and water to an additional eight counties upstate, according to president and chief operating officer Jeff Vukelic. 

With roots stretching back to Buffalo in 1928 with parent company Try-It Distributing, what started as a beverage bottling business by the late Stephen Vukelic is now a multi-generational family company. With the most recent acquisitions the company will hold exclusive distribution rights to such brands as Budweiser, Rolling Rock and Michelob in a total of 21 counties in upstate New York. 

According to Vukelic, the new acquisitions are Northern Eagle Beverages Inc. out of Oneonta and Seneca Beverage Corp. of Elmira, both Anheuser-Busch distributors. Both will operate under the Saratoga Eagle name.

Saratoga Eagle has been in a growth-through-acquisition model since 2004-2005. This is the time frame when Try-It expanded into the Saratoga and Glens Falls areas with a new distribution hub subsidiary out of Saratoga Springs and grandson Jeff Vukelic took on the role of COO.

“Typically we are purchasing the rights to distribute beverages in the territories of the companies we acquire,” said Vukelic. “Occasionally we acquire a brick and mortar facility, but it is more typical to lease the space where the trucks are loaded for delivery to customers.”

The company will take on 60 stakeholders, which is what the company calls their employees, who have jobs in warehousing, delivery, sales and administration. Total staff will be around 260 once the transactions are finalized and the new companies absorbed.

By Sen. Jim Tedisco

There’s a creature from the deep that’s just waiting to strike our towns and cities.

New York’s aging water and sewer infrastructure some dating back to the Civil War is like a lurking monster which will not go away if we just closed our eyes and wished it away. 

On the contrary, these trolls of the sub-level can catastrophically attack at any time the safety of our drinking water, sewer and gas lines and the ability of taxpayers to afford repairs. 

Recently, a 100-plus-year-old water main broke in Gloversville, paralyzing half the city with no water. We’ve seen similar water main and sewer breaks recently in Amsterdam, Niskayuna, Saratoga Springs and other localities. 

New York has a great CHIPS (Consolidated Local Street and Highway Improvement Program) that provides a formula-based annual funding source for all municipalities to maintain and repair local roads and bridges.  However, we will only continue to put good money after bad if we keep filling potholes and repaving roads while the sublevel infrastructure that’s underneath continues to deteriorate and collapse with the weight of newly minted roads and bridges. 

After talking with Clifton Park Supervisor Phil Barrett and other local leaders, I authored and introduced legislation, Senate Bill S.3968A, to create the New York State Safe Water infrastructure Action Program (S.W.A.P.) to repair and maintain vital local drinking water, sewer, storm water management, gas line and water tower infrastructure to protect lives and save tax dollars by avoiding costly repairs when systems break. 

By Todd Shimkus

As we begin 2022, Saratoga County has seen tremendous economic growth throughout the last year, indicating that the county is recovering strongly from the impact of COVID-19. We continue to see data trending upwards, nearing, or exceeding, pre-pandemic rates across sales tax, unemployment, lodging, and housing as individuals begin to buy, travel, and support their local community again.

County Sales Tax Collection

Year to date (January to November) 2021 county sales tax collection is 21.3 percent higher than the same time frame in 2020. Collections are also 14.8 percent higher than 2019 collections during the same period. 

In total, Saratoga County collected more than $20 million additional revenue in 2021 versus 2019. What does this mean? There has been tremendous growth for taxable sales by local businesses, residents, and visitors. Consumers have shown a clear willingness to spend money in Saratoga County throughout 2021, helping businesses recover from the 2020 shutdown and continued government restrictions in 2021.

County Unemployment

It has been more than 20 years (May 2011) since Saratoga County’s unemployment rate was as low as it currently stands at 2.8 percent.  The labor force—the total number of people employed or looking for a job—declined by 2,800 people last year, driving this decrease in unemployment. In November 2021 alone, both the number of people working and the number of people looking for work in Saratoga County has declined.

County Lodging

The revenue per available room (RevPAR) for hotel rooms sold from January through November 2021 indicates recovery in the leisure when compared to the same time frame in 2020 amidst significant travel restrictions. The hospitality sector continues to be challenged by the pandemic, especially within the group market. 

The average daily rate year to date in 2021 is higher than it was in both 2020 and 2019, demonstrating a willingness for individual consumers and families to spend money on travel.

The SUNY board of trustees appointed Dr. Lisa Vollendorf as president of SUNY Empire State College.

She was  interim provost and chief academic officer at the University of Northern Colorado. She replaces Dr. Nathan Gonyea, who has served as officer-in-charge at SUNY Empire since December 2020.

Vollendorf, who was selected after an extensive national search, will be SUNY Empire’s sixth president since its founding in 1971.

“I am both honored and excited to join SUNY Empire State College as its next president. I’ve spent my entire career championing the power of higher education to build a more inclusive, equitable society,” she said. “I believe deeply in SUNY Empire’s mission of meeting students where they are to help them achieve their educational dreams. I look forward to working with the SUNY Empire college community to advance the vital work already underway, find new and innovative ways to serve today’s diverse student population, and support the faculty, staff, and alumni at the heart of this amazing institution.” 

The search committee included four members of the college council, six faculty representatives, two students, an alumni representative, a campus-related foundation representative, an academic dean, a professional employee, a support staff member, a college senate member, a member of the chancellor’s senior staff, and three non-voting representatives. Consultants from Storbeck Search partnered with the search committee. 

John Maggiore, SUNY Empire State College presidential search chair and chairman of the SUNY Empire State College Council, said, “The breadth of Dr. Vollendorf’s administrative skill set, together with the depth of her academic experience and achievement, make her a compelling choice to lead SUNY Empire State College into its next half century of accessible, top-quality, innovative education for motivated adult learners. SUNY Empire is poised for strategic growth. 

By Susan Elise Campbell

Madira Wine & Spirits has been filling a gap in the smattering of liquor stores in Clifton Park since it opened last fall. Located at 643 Grooms Road, owner Bruce Patel said he knew that with the right location, his business model could be successful.

“A friend lives nearby and I used to stop by the Stewart’s Plaza, which is a very busy area,” he said. “I saw that there is little opportunity to buy liquor on this side of Clifton Park bordering Rexford.”

Patel said if looking at a map of Clifton Park, most liquor stores are “oddly concentrated in one side of the town. Based on my feasibility study factoring in demographics and growth, I was serving a real void here near the crossing of Vischer Ferry Road,” he said.

“I was always looking to do something on my own,” said Patel, who had been in a corporate career as an engineer with various companies in the Capital Region.

“My father did well with his own liquor store in Massachusetts when I was younger,” he said. “I’m a very proactive guy and had my eye on this location for our store even before the space became available.”

Patel said that “80 percent of my decision to leave my corporate job and go forward” with the new venture was the location. It is part of a bustling plaza and very visible from Route 9.

“It’s not just about driving by and stopping in once for a purchase,” he said. “I want this to be a destination store.”