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Bonacio Construction Purchases Building That Once Housed Stark’s Auto On Excelsior Ave.

Posted onJuly 5, 2018July 6, 2018
Bonacio Construction purchased the former Stark’s Auto property on Excelsior Avenue.
©2018 Saratoga Photographer.com

By Maureen Werther

Sonny Bonacio, president of Bonacio Construction, has purchased the property on Excelsior Avenue in Saratoga Springs that was Stark’s Auto for some 60 years.

Bonacio said he has not yet finalized plans for the parcel at 62-64 Excelsior Ave. He purchased the property on May 25 from Sidney Stark. The purchase price was $450,000 and the deal was made through Bonacio’s real estate holding company, RR Depot LLC.

He called the purchase “a defensive move.” His company recently constructed 14 residential condominiums at Excelsior East, as well as four 1,500-square-foot commercial spaces. While 12 of the 14 condominiums have been sold, three of the four commercial spaces have not been filled as quickly as Bonacio anticipated. 

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Experts: The Biggest Concern For IT Systems Continues To Be Dealing With Security Issues

Posted onJuly 5, 2018July 6, 2018
Mark Shaw, president and CEO of Stored Technology Solutions Inc. (StoredTech).

In the world fast-changing world of IT, security is still “the burning thing, the hottest thing going,” said Mark Shaw, owner of Stored Technology Solutions (StoredTech),

“The cyberworld is a really dangerous place,” said Jim Lapointe, president of Colden Company in Ballston Spa.  “And, more often than not, it’s the small business that has the vulnerability.”

While agreeing that security should be a business owner’s “first and foremost” concern, Dan Bardin, CEO of Tech-II Business Services in Saratoga Springs, emphasized the importance of businesses having a recovery plan and making sure that it works. Computer systems are vulnerable to disasters ranging from hackers and scammers to fires and floods, he said, but with a consistent and reliable backup system, they can recover.

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Co-Working Spaces Are Experiencing Growth Across The Nation And Through The Region

Posted onJuly 5, 2018July 6, 2018
A business woman works at the new Saratoga CoWorks office on Broadway.
Courtesy Saratoga CoWorks

By Maureen Werther

According to the 2018 Global Co-working Survey, a total of 1.7 million people will work in more than 19,000 co-working spaces by the end of 2018.  Twenty-nine percent of those 19,000 spaces opened in the last year alone. Those statistics can only be good news for the growing number of local office spaces available to entrepreneurs and corporations who want to utilize shared spaces for their staff.

The other trend being seen by analysts is a shift to more expanded work areas, with the average co-working space expanding their areas by about 70 percent. In addition, operators of existing co-work spaces are opening new locations to accommodate their growing clientele base and cement loyalty with their members.

According to Global Co-working Survey, “The expansion plans are based on overall optimistic estimations that haven’t changed compared to the previous year. Four out of five co-working spaces expect member numbers to grow, and almost as many expect higher profits. Overall, more operators of co-working spaces are optimistic about the future.”

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GSA Silicon Summit-East Will Bring Tech Experts To Saratoga Springs On October 9

Posted onJuly 5, 2018July 6, 2018

The inaugural GSA Silicon Summit-East, an event that will bring leading executives and technologists to Saratoga Springs to discuss extending semiconductor technology, emerging market trends, and opportunities for collaboration and business growth, has been scheduled for Oct. 9 at Saratoga  City Center.

It will promote collaboration to advance semiconductor technology and business, and provide unique insight to inform the regional ecosystem on growth opportunities, officials said.

Involved in putting together the event are the Saratoga County Prosperity Partnership, the county’s designated economic development agency;  the Global Semiconductor Alliance (GSA), a leading voice for the worldwide semiconductor industry, and the Center for Economic Growth (CEG), a regional economic and business development organization.

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GTM Payroll Services Offers Cloud-Based Human Capital Management Technology

Posted onJuly 5, 2018July 6, 2018

GTM Payroll Services in Clifton Park is now offering iSolved’s cloud-based human capital management (HCM) technology that combines key applicant tracking, human resources, time and labor, compliance, payroll, and benefit enrollment functions in one single point of entry solution.

Using a single-database architecture, iSolved’s fully integrated system reduces compliance risk, increases employee engagement and productivity, and saves time and money, the company said.

Capital Region businesses will now have access to the HCM solution with dedicated, local support. GTM’s HCM team will manage the implementation through a comprehensive yet streamlined process that keeps new clients in alignment and drives collaboration and transparency to ensure a smooth transition.

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‘The Joint Chiropractic’ In Clifton Park Offers Walk-In Services, Affordable Pricing

Posted onJuly 5, 2018July 6, 2018
The Joint Chiropractic in Clifton Park accepts walk-ins seeking treatment.
Courtesy The Joint Chiropractic

By Rachel Phillips

Since 1999, The Joint Chiropractic has been offering patients affordable, convenient chiropractic care all over the country. Three years ago, Stephen, David and Kristen Leonard brought the franchise to the Capital District.

It was first founded by a doctor of chiropractic medicine who wanted to provide less expensive services. His venture was successful and the brand has grown to a system of over 400 clinics all over the U.S.

The Clifton Park clinic is located at 5 Southside Drive, and has been open since May of 2014.

The facility is 1,200 square feet and has three adjustment tables in an open-bay setting, along with a seating area.

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Business Report: Mid-Year Economic Update

Posted onJuly 5, 2018July 6, 2018
Stephen Kyne is a partner at Sterling Manor Financial in Saratoga Springs. Courtesy Sterling Manor Financial

By Stephen Kyne

We’ve just closed the books on the second quarter, and what a ride it’s been. Let’s take look back at the first half of 2018, and what we think lies ahead for the economy as we begin the third quarter.

The economy continues to grow at a faster than expected pace, having been revised up from initial first quarter estimates, and we expect good news when initial Q2 reports are issued in a few weeks. Many economists estimate that second quarter growth could exceed a 5 percent annualized rate, which would mark an impressive improvement over the slow growth we’ve experienced for most of this bull market.

Corporate earnings continue to exceed expectations, and guidance so far seems to indicate this rate of growth will only accelerate as we continue through the year. The first major company to report Q2 earnings will be Alcoa (AA), on July 18, and then we’re off to the races!

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Officials Say New York’s 1,005 Craft Beverage Makers Place It In Top Five Among 50 States

Posted onJuly 5, 2018July 6, 2018

New York is now home to 1,005 craft beverage manufacturers operating in 60 counties across the state. 

Since the first Beer, Wine Spirits and Cider Summit in 2012, the number of businesses producing craft beverages has more than doubled, while the number of farm-based manufacturers has increased by over 150 percent, state officials said. 

New York now ranks in the top five states in the U.S. for its number of craft beverage producers in every category. The state ranks first in U.S. for the number of hard cider producers, second in craft distillers, third in breweries, and fourth in the country for the total number of wineries officials said.

“The growth of New York’s craft beverage industry continues to boost local economies throughout the entire state,” Gov Andrew Cuomo said. “By working to remove barriers to expansion, we have helped foster new opportunities for small businesses and will continue to support breweries, wineries, cideries and distilleries as they develop their brands, create new jobs and drive tourism all over New York.”

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Capital Area PT Acquires A PT Group In Malta

Posted onJuly 5, 2018July 6, 2018

Capital Area Physical Therapy and Wellness of Malta has acquired Cocozzo Physical Therapy PC of Malta.

Capital Area Physical Therapy and Wellness was established in August 2013 and opened a second branch in Queensbury in 2015. They currently staff six physical therapists.

The former owner of Cocozzo Physical Therapy, Amanda Cocozzo, PT, was hired as a full-time practicing clinician at the Malta branch of Capital Area Physical Therapy and Wellness. 

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Academy For Lifelong Learning Offers Slate Of Fall Classes; Registration Begins July 16

Posted onJuly 5, 2018July 6, 2018

Fall class registration at the Academy for Lifelong Learning (A.L.L.) begins July 16. 

Classes start the week of Sept. 10 with the term ending Nov. 8. Fall term class registration and membership application brochures can be found in area libraries, the Academy office at 113 West Ave, Saratoga Springs, or at www.esc.edu/all. Registration forms are being accepted for open classes through the beginning of the term. Some classes will sell out. 

Call the Academy office for class availability at 587-2100, ext. 2415.

Thirty-one different non-credit classes are offered Monday through Friday during the day and cover a wide range of genre including: history, art, literature, current world issues, health, religion, writing, science, and economics. Volunteer-led classes typically meet for two hours once a week for eight weeks. 

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