Category Archives: Business News

Submitted by

the Saratoga County Chamber of Commerce

Recently reported September county data indicates that Saratoga County is coming back stronger and more resilient than ever as we continue to emerge from the pandemic.

“Unemployment rates, sales tax collections, lodging, and real estate across the county are seeing tremendous growth when compared to this time last year,” said Todd Shimkus,  Saratoga County Chamber of Commerce president. “We’re excited to see residents and tourists working, shopping, and staying throughout the county, and we hope the numbers continue to rise.”

Unemployment

As of August, the unemployment rate has decreased from 7 percent in 2020 to 4 percent in 2021. The number of employed residents has risen, adding an additional 800 laborers to our county’s workforce. Unemployment numbers have been nearly cut in half compared to last year.

Lodging

Hotel occupancy has seen a rise throughout the county in 2021 thanks to an increase in leisure demand coming out of the pandemic, and group and corporate travel is starting to rise. Revenue per available room (RevPAR) has nearly doubled since this time last year, showcasing that out-of-town visitors are beginning to explore our vibrant county again.

“Our lodging partners had a strong season with some even setting revenue records,” said Darryl Leggieri, president, Discover Saratoga. “While we didn’t break revenue records in 2021, the occupancy and average daily rate that our lodging partners were able to command shows a strong return to our historical patterns in 2019. The future looks bright.”

By Jennifer Farnsworth

A new doughnut shop, 518 Donuts, has opened in Clifton Park.

This one will combine doughnuts with speciality fried chicken.

Glenn Babinueau, Joseph Carl, and Sam Clifford officially opened the doors to 518 Donuts at 7 Southside Drive in Clifton Park and  business has been good.

“Day one, there was a line all the way down the sidewalk waiting for the doors to open,” said Clifford.

He said all three owners have roots in Troy, where they were in the process of opening what was set to be their flagship shop. But they took one look at The Shops at Village Plaza and   decided they would plan for locations in both Clifton Park and Troy.

“We basically walked in and said,’We will take it.’ We knew we had to move quickly on it,” said Clifford.

CDTA has expanded its FLEX service to the Southern Saratoga County region.

The on-demand, app-based service became available in the Mechanicville, Halfmoon and Clifton Park areas as of Sept. 20.

“It is our mission to create connections and seamless transportation options throughout the Capital Region,” said Carm Basile, CDTA chief executive officer, in a press release. “Now with the addition of Mechanicville Halfmoon and Clifton Park, we have expanded our route network and increased access and opportunity for thousands of residents.”

CDTA first introduced FLEX to the Capital Region in January of 2020 and allows customers to enjoy curb-to-curb service within specified zones by downloading the free TransLoc App and requesting a ride or by calling CDTA.

The program also operates in Colonie, Guilderland, Latham and at the UAlbany Uptown Campus. This service is also offered to Albany Medical Center, Albany International Airport, and University at Albany as part of a Universal Access agreement.

The Southern Saratoga County FLEX service will operate free of charge during the initial pilot period. It operates from 7 a.m. to 8 p.m. Monday through Friday and from 10 a.m. to 6 p.m. on weekends.

By Lisa Balschunat

Golden Goal Sports Park recently installed two lighted outdoor basketball courts to its complex in Fort Ann, with pickleball courts next on the facility’s installation agenda. 

In operation for 15 years, Golden Goal is a 196-acre sports complex designed in the style of an Olympic Village. The property at 495 Goodman Road touts eight outdoor fields for soccer, lacrosse, field hockey and flag football, training, games and tournaments. Four fields are natural grass. Four are artificial turf.   

According to Emmie Doin, facility director, the complex—promoted as the Northeast Premier Residential Sports Venue—offers practice times, sports retreats, tournaments, a college internship program, and has 25 cabins that can sleep up to 400 people.  Field rentals are available for professional organizations, clubs, colleges, academies, high schools and travel teams.

“Golden Goal gives young athletes a place to fine-tune their skills, compete in games and tournaments, and train outdoors,” she said.

Players, team staff and chaperones can participate in 2-day to 7-day programs that include meals and all of the amenities in the Athlete’s Village and staff lounge.

“The Athlete’s Village includes outdoor activities like spike ball, can jam and cornhole and indoor activities include ping pong, air hockey, televisions, Xboxes and PlayStations,” she said.  “We also have a challenge course for athletes to work on their team building skills while having fun.”  The course includes a 10-foot vertical wall and tire flips. 

“It’s something that someone can do alone,” she noted, “but it’s designed to encourage a team to work together.”

By Christine Graf

The residential real estate boom that is occurring throughout the country has Capital Region real estate agents scrambling to find homes for their clients. Much of the demand is being fueled by millennials who are in their prime home-buying years and make up the county’s largest demographic.

The decline in interest rates that took place during the past year has made purchasing a home especially attractive. Mortgage rates dropped in 2020 and reached a record low of 2.65 percent in January. Those in the industry say demand far exceeded supply of homes, and low supply has been the primary driver for the rapid increase in home prices.

“It’s nuts,” said Howard Denison of DeMarsh Real Estate in Glens Falls. “People are offering up to 10 percent more than asking. There was a two-family ranch that sold within four hours. Potential buyers are getting upset and disgusted.”

According to Susan Kassal of Hunt Real Estate, during her 19 years in real estate she has never witnessed such high demand for residential properties. Many of her customers make offers on three to four houses before securing a winning bid, and a surprising number are making all cash offers. Although the majority of the cash buyers are relocating from cities, she said some are local.

Ground was broken Oct. 7 on the Adirondack Winery project that will result in a $2.6 million, 14,100-square-foot winemaking facility and tasting room at the site of its current Queensbury headquarters.

Company officials said the new building will provide the family run winery with the space it needs to triple its wine production over the next 10 years.

The new building will house an all-new tasting room, where the winery plans to offer new services customers have long desired, such as wine by the glass, outdoor seating, and light dining.

The winery will introduce classes and launch tours of the new facility. There are also plans to rent event space for private events and conferences.

The goal is to complete the construction by April, in time for the winery’s 14th anniversary celebration.

“This groundbreaking is the start of a new chapter for Adirondack Winery,” said Adirondack Winery president and co-owner Sasha Pardy. “This company started as a small family business, making wine in the back room of our Lake George tasting room almost 14 years ago. Now we’ve grown to the point where this new building is the only way we are going to keep up with demand.

The Lake George Chamber of Commerce says the winter of 2021-22 promises to be unlike no other in the area as a new venture—Ice Castles—brings its display of sculptures, caverns, ice slides, lighting and more to Charles Wood Park’s Festival Space.

The new winter event that has drawn hundreds of thousands of visitors to numerous communities around the country, officials said,  with ice displays that feature LED lights that change color.

Lake George will be its sixth location in the United States, joining sites in New Hampshire, Wisconsin, Minnesota, Utah and Colorado.

The event was formally introduced at a news conference on Oct. 5.

“We are excited to bring the magic of Ice Castles to Lake George this winter,” said Ice Castles CEO Kyle Standifird. “Our mission is to create a fun and safe outdoor experience where people can escape from the hustle of daily life for a moment and step into a frozen fairy-tale world.”