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Category Archives: Business News

Jennifer Vucetic Of EXIT Realty Empire Associates Is NYSAR President For 2022

Posted onMarch 14, 2022
Jennifer Vucetic is the New York State Association of Realtors president for 2022.
Courtesy EXIT Realty Empire Associates

Local principal broker and owner of EXIT Realty Empire Associates Jennifer Vucetic is  the New York State Association of Realtors (NYSAR) president for 2022.

She was formally installed Feb. 7 by 2021 National Association of Realtor’s President Charlie Oppler as part of the organizations mid-winter business meetings. 

The celebration was held at the Crowne Plaza- Desmond Hotel in Albany.

Vucetic is a 2012 graduate of NYSAR’s Leadership Academy and a 2020 graduate of NAR’s Leadership Academy. She was named Realtor of the year in 2016 by the Greater Capital Association of Realtors, has served as local NS  NYS Women’s Council of Realtors president and regional vice president for the National Women’s Council of Realtors. 

Vucetic is also an 2019 Realtors Political Action Committee (RPAC) Hall of Fame inductee, 2020 recipient of the Lawernce B. Caldwell RPAC Service Award and currently Region 2 RPAC trustee. She also has several professional real estate designations.

“Jennifer is a valuable member of our team and we offer our warmest congratulations on this appointment,” said Amanda LaForte, office administrator and Realtor of EXIT Realty Empire Associates. 

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Prosperity Partnership Ceases Operations; SEDC Still Main Economic Development Cog

Posted onMarch 14, 2022

The Saratoga County Prosperity Partnership board of directors recently voted unanimously to transfer the partnership’s responsibilities to Saratoga County. The county’s Planning and Economic Development Department will assume operational duties, according to the change laid out by Partnership and county officials.

The economic development organization was founded by Saratoga County in 2014. Since that time, more than $5 million in taxpayer funding was put into the agency. 

There were few successes and  few private-sector jobs were ever credited to the Partnership, according to both media reports and their own progress reports.

The Partnership was formed after the county had a falling out with the Saratoga Economic Development Corp., a private-sector nonprofit with a long track record of success. SEDC refused the Saratoga County Board of Supervisors demand to appoint a member to the SEDC board. As a result, the county ended its funding for SEDC in 2013.

According to SEDC, over the last decade, the agency and its stakeholders helped to create over 1,700 new jobs with over $170 million in payroll while retaining over 2,050 existing jobs at Saratoga County companies.

In 2019, the county brought SEDC back on board and created an alliance between SEDC and the Partnership. The relationship continued to encounter unresolved conflicts. 

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Samantha Nass Floral Design Opens A New Storefront In Downtown Saratoga Springs

Posted onMarch 14, 2022
Samantha Nass has gone from doing business at home to getting her own storefront at 61 Lawrence St., Saratoga Springs, now the home of Samantha Nass Floral Design.

By Jill Nagy

Florist Samantha Nass—known as Sam—is enjoying the change from an appointment-only studio to a storefront in downtown Saratoga Springs. 

She opened Samantha Nass Floral Design at 61 Lawrence St. at the end of January.

She said she considered Valentine’s Day as “a test” for the new venture and, “Now that we’re through Valentine’s Day, spring is knocking on our door.”  

So are a lot of people who walk by and walk in. “A lot of people have been very curious about us,” she said and she is pleased to have them come in and look around. 

So far, Nass said, business is “going great . . .  a steady flow . . .  nothing crazy yet.” 

Potted plants, terrariums, and terra cotta planters are selling especially well. She also offers “lots of beautiful orchids” as well as a variety of cut flowers. At last count, she had 46 terrariums planted and ready to go.

Nass’ previous business concentrated on weddings and other special events. It was housed in the old Elks Club building, a building “with an old kind of Victorian Saratoga feel,” she said. It worked well as an appointment-only enterprise, but did not lend itself to a retail business.  

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CDTA Unveils Program Wherein People Can Rent Electric Cars By the Hour Or The Day

Posted onMarch 14, 2022
CDTA revealed the latest offering of their mobility program, DRIVE, an electric vehicle car sharing program. DRIVE is a network of zero-emission vehicles available to qualified drivers.
Courtesy CDTA

The Capital District Transportation Authority (CDTA) rolled out a series of milestones and bold initiatives to help transform the area into a regional mobility integrator during a State of CDTA event on March 3.

Foremost among them is a plan to make electric cars available for rent.

The event recognized what CDTA called “the momentum of 2021 and how CDTA is entering 2022 stronger and more resilient from the challenges of the pandemic.”

“CDTA emerged out of the pandemic with renewed momentum as we look to the future,” CDTA board chairman Jayme Lahut said. “I am proud of the milestones recognized today and bold plans for the future as we work with community partners to support the region’s economic development.”

CDTA revealed the latest offering of their mobility program, DRIVE, an electric vehicle car sharing program. DRIVE is a network of zero-emission vehicles available to qualified drivers 24 hours a day, seven days a week. 

Officials said car share, in tandem with CDPHP Cycle!, FLEX On Demand and SCOOT, continues CDTA mission to transform mobility in the region. 

“It is amazing to witness the impact and growth we have had on the region in just the past few years,” said CDTA Chief Executive Officer Carm Basile. “Our Bus Rapid Transit lines span nearly 40 miles, we have a network of electric vehicles, which now includes car share and we are expanding our footprint into Montgomery County to provide even more connections to the Capital Region. 

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Arnoff Global Logistics In Malta Begins The Construction Of 120,000-SF Warehouse

Posted onMarch 14, 2022
Arnoff Global Logistics has started building a 120,000-square-foot warehouse at its 40-acre Malta headquarters. The timeline for completion is highly dependent on the availability of materials.
©2022 Saratoga Photographer.com

By Christine Graf

Arnoff Global Logistics has broken ground on a new 120,000-square-foot warehouse at its 40-acre Malta headquarters, the former home of Racemark International. 

The company said the new warehouse will occupy a portion of the 18 acres of vacant land on the company’s sprawling campus. It will sit adjacent to Arnoff’s existing warehouse which is currently operating at full capacity. The need for additional space has been fueled by demand for the company’s warehousing and order fulfillment services which account for one-third of its revenue. 

Arnoff Global Logistics also offers residential moving and storage services as well as logistical services for the transport of items that require special handling. 

“We’re starting to order materials now. Right now, the primary steel that we ordered for the building is scheduled for July. As of last week, we were on schedule. We would like to move in during the late fall. Maybe for Christmas,” said president Mike Arnoff. “We plan to employ an additional 50 people once that operation is up and running.”

He said the construction timeline is highly dependent on the availability of materials. Supply chain shortages continue to plague the construction industry, making it difficult to predict product availability. 

The company’s plan for expansion also includes the construction of a 50,000-square-foot building that would likely include a combination of office and warehouse space, said Arnoff. The original price tag for both warehouses was estimated at $18.7 million, but that number has already increased by 12 percent due to due to skyrocketing material costs. 

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ANCA’s Adirondack Buyer Days B2B Trade Show Set For March 29-30 In Saratoga

Posted onMarch 14, 2022

The Adirondack North Country Association (ANCA) will hold its Adirondack Buyer Days, an annual business-to-business trade show that features the work of artisan makers from across the Northeast, in an in-person format later this month in Saratoga Springs. 

As the COVID pandemic loosens its hold on New York state, businesses and communities, regional retailers are invited to connect directly with local makers and purchase handcrafted gift products for their shops, organizers said.

The annual show, which was canceled in 2020 and held virtually in 2021 due to the pandemic, will return to its longtime home at the Saratoga Springs City Center on March 29 and 30.

Adirondack Buyer Days is a nonprofit, juried trade show featuring makers of handmade gifts from northern New York and northern New England. Product categories include housewares, personal care, value-added foods, garden and outdoors, apparel, jewelry, stationery and more. 

The show is for wholesale sales only and is not open to the public. 

Registration is open for buyers online at bit.ly/adkbd.

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SUNY Empire State Begins Bachelor Of Business Administration Program This Fall

Posted onMarch 14, 2022
SUNY Empire State College’s School of Business was approved by the State Education Department to offer a Bachelor of Business Administration degree, which can optionally be completed online.
Courtesy SUNY Empire State

SUNY Empire State College’s School of Business has been approved by the State Education Department to offer a new Bachelor of Business Administration (BBA) degree.

The program will launch in the fall term, with the option for students to be enrolled fully online.

Officials said the Bachelor of Business Administration (BBA) is a comprehensive business degree designed to serve adult learners working in business-related fields who want to advance their career by pursuing a bachelor’s degree in business or prepare for a MBA.  

The BBA program will require fewer liberal arts credits, making the new degree program an attractive option for students who want a strong knowledge base in all facets of business and community college graduates with an Associate of Applied Science (A.A.S.) degree, officials said.

 SUNY Empire State College Officer-in-Charge Nathan Gonyea, Ph.D., said the launch of the new BBA degree program “reflects SUNY Empire’s ongoing commitment to helping students fulfill their academic dreams and professional ambitions, while also addressing the employment needs of the economy. The BBA will fit around the busy lives of adult learners and enable them to shift their careers in exciting new directions.”

 “The time is perfect for SUNY Empire’s School of Business to offer a business degree program that contains all the subject areas that equip learners for successful business careers, with a design that is transfer friendly,” SUNY Empire State College Dean of the School of Business Julie Gedro, MBA, Ed.D., said. “Whether a student has an associate of applied science, an associate of science, or a trove of college-equivalent knowledge that we can help translate and acknowledge as credit applied toward the degree, our BBA provides an excellent degree for them to succeed in business.”

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State Parks, Campgrounds, Historic Sites Saw Strong Visitation Numbers In 2021

Posted onMarch 14, 2022
Saratoga Spa State Park is part of the state park system and a National Historic Landmark.
Courtesy NYS Parks and Recreation

New York’s State parks, historic sites, campgrounds, and trails welcomed a record-setting 78.4 million visits in 2021, continuing the robust level of visitation seen since the onset of the COVID-19 pandemic.

“From Niagara Falls to Montauk Point, our State Parks and Historic Sites are a treasure that every New Yorker should be able to enjoy,” Gov. Kathy Hochul said. “During the pandemic, parks and public spaces have become more important than ever, providing New Yorkers with safe and enjoyable outdoor spaces for gatherings and recreation. New York was proud to welcome a record-setting number of visitors to our State Parks last year, and we look forward to modernizing our parks system as we approach its historic 100th anniversary in 2024.”

Total visits statewide increased in 2021 by more than 427,000, driven by a dramatic rebound of more than three million visitors at Niagara Falls State Park compared to 2020, when international border tourism was curtailed due to COVID-19 protocols. More than nine million visitors went to Niagara Falls State Park last year.

Officials said state park attendance has been steadily climbing, rising 41 percent since 2008. In addition to the total attendance, parks also set a new record for 2021 overnight visitation at campgrounds, with campsite, cabins and cottages booked for more than 787,000 nights.

“I am grateful that even more people decided they wanted to go to our State Parks and Historic Sites in 2021, even as other recreation options were becoming more available to them. New York has invested significantly in recent years to make its facilities world-class and even more improvements are coming,” State Parks Commissioner Erik Kulleseid said.

Hochul’s proposed 2023 budget includes $200 million in capital funding for parks, an 80 percent increase from the current level, to enhance the NY Parks 100 capital initiative. 

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Workman’s Comp Unit To Push Women’s Goals

Posted onMarch 14, 2022

NYSIF, New York state’s largest workers’ compensation carrier, says it has far exceeded its established annual MWBE participation goal of 35 percent for fiscal year 2020-2021, and will continue to recruit MWBE financial firms to further increase their participation in 2022 and beyond.

That pronouncement was made March 1 at NYSIF’s 12th annual Minority- and Women-Owned Business Enterprises (MWBE) Investment Symposium in New York City.

“NYSIF continues to be a leader in meeting and surpassing the goals of the state’s MWBE initiative” said Kenneth Theobalds, NYSIF board of commissioners chairman. “But we must reaffirm our commitment and strive to do even better so that our values of encouraging diversity and inclusion continue to reflect in the pursuit of our core mission, delivering superior financial returns and value to NYSIF’s customers.”

For state fiscal year 2020-21, NYSIF allocated nearly 44 percent of dollars paid to asset management firms and financial institutions to MWBE-certified firms. In all, 54 percent ($1.9 billion) of the $3.6 billion in NYSIF’s externally managed assets were under the management of MWBE firms, including 100 percent of NYSIF’s equities portfolio.

“NYSIF’s commitment to identifying opportunities for diverse MWBE firms is foundational to our strong support for New York businesses,” said Gaurav Vasisht, NYSIF executive director and CEO. “As the state reemerges from the COVID-19 pandemic, NYSIF will redouble its efforts to utilize a variety of outreach programs in order to cultivate relationships with MWBE firms, boosting innovation and benefiting New York Sstate employers.”

Now in its 12th year, NYSIF’s MWBE Investment Symposium is a forum to further spark statewide job growth and expand investment opportunities to a diverse group of financial firms. This year’s event was held in a hybrid format to accommodate both virtual and in-person attendees. It featured programs and panel discussions that addressed a wide range of topics, from informative conversations on increasing diversity in capital markets and the pros and cons of being a woman-owned firm, to transforming environmental, social and governance impact in the financial sector.

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Soroptimists Schedule May Golf Tournament

Posted onMarch 14, 2022

Soroptimist International of Saratoga County (SISC), a member of Soroptimist International of the Americas (SIA), has opened registration for its second annual Spring Fever golf tournament to raise funds to aid women and girls in our community and beyond.

The event will be held Wednesday, May 18, at Saratoga National Golf Course, 458 Union Ave., Saratoga Springs. Golfer check-in will start at 11:30 a.m. The tourney will commence with a shotgun start at 1 p.m. A dinner will follow at 6 p.m.

Tickets must be purchased in advance by May 11. Registration for the event can be done online  at soroptimistsaratoga.org and includes 18 holes golf, golf cart, access to the driving range, lunch, and dinner. The event is open to  players of all levels.

CBS golf analyst Dottie Pepper is once again the honorary chair of the event.

Pepper is the lead reporter for CBS Sports coverage of the PGA Tour, Masters and PGA Championship. After an accomplished junior, college and amateur golf career, she went on to play 17 years on the LPGA tour, winning 17 times, including two major championships and one additional win on the JLPGA Tour. She represented the United States six times in the Solheim Cup matches, compiling a 13-5-2 record.

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