Saratoga Business Journal

Ex U.S. Trade Representative Official Hired By Saratoga County Prosperity Partnership

June 8, 2018June 11, 2018

The Saratoga County Prosperity Partnership announced the completion and launch of new marketing resource it says will strengthen the collaborative effort to attract new businesses and private investment to Saratoga County.

The Saratoga Partnership worked with the Saratoga County Industrial Development Agency (IDA) to spearhead development of the agency’s new logo—its first since the organization was founded nearly 50 years ago—and a modern website to replace one that had not been updated in more than a decade.

Aligned with the brand identity of the Saratoga Partnership, the new IDA logo and website support a unified message that effectively markets Saratoga County’s world-class business tools and assets to prospective companies and employees across a variety of industries, officials said.

KaffeeHouse On West Avenue Offers Fresh Coffee, German-Style Pasties, Lunch Menu

June 8, 2018June 11, 2018

Marcus Solga, owner of KaffeeHouse in Saratoga Springs, and his mother Sabine pose in the business he owns in Saratoga Springs. She creates the recipes at the shop.
©2018 Saratoga Photographer.com

By Jennifer Farnsworth

For people in Saratoga Springs that may have a craving for something with a European flare, KaffeeHouse owners say their establishment is the place to go.

The new coffee and pastry shop at 120 West Ave., Saratoga Springs, offers roasted coffee, homemade German-style pastries, and lunch items like soups and salads.

Owner Marcus Solga said the family business is something that was always a goal of his. He loves the area, so when the opportunity arose, he took it.

New Owner Of ‘Yoga Mandali’ Intends To Continue The Studio’s 14-Year-Long Legacy

June 8, 2018June 11, 2018

Kristen Zorda is the new owner of the Yoga Mandali studio in Saratoga Springs. ©2018 Saratoga Photographer.com

By Rachel Phillips

Yoga Mandali, a 14-year-old yoga studio located at 454 Broadway in Saratoga Springs, has recently come under new ownership.

Located on the second floor of the Downtown Marketplace, the facility has two large yoga studios, as well as a smaller meditation space, including a lounge area and office with small retail area for yoga mats and books.

The studio is open seven days a week, with instructors offering vinyasa flow, yin, gentle restorative, kripalu and other types of classes five or six times a day. Yoga Mandali has also been doing yoga teacher training for 10 years.

Study Links Good Financial Habits To Achieveing Happiness, Financial Advisor Says

June 8, 2018June 11, 2018

David Cumming, senior vice president and financial advisor, Morgan Stanley.

By David L. Cumming

From record-breaking stock market returns to falling unemployment, the U.S. has no shortage of positive economic indicators, and the majority of investors say they feel confident about achieving both their short- and long-term goals, according to the latest Morgan Stanley Investor Pulse Poll, which surveyed more than 1,200 investors age 25 to 75 with over $100,000 in assets.

About one in four (29 percent)—or 36 million—U.S. households fall into this category.

Mostly sunny, with some clouds

Market Volatility Is Normal; Small Businesses Should Remain Calm As Things Play Out

June 8, 2018June 11, 2018

Kevin M. Hedley, partner with Hedley & Co. PLLC, Saratoga Springs.

By Jill Nagy

Investment strategies in today’s complex economic environment can cause small business people and individuals to pause.

“Every business owner has different issues to deal with and there is no one answer for everybody,” said Kevin Hedley, a principal in Hedley & Co. PLLC, Certified Public Accountants in Clifton Park.

In looking at investment strategies, near the top of his list this year is reviewing the structure of the business in view of recent changes in the tax code, he said.

To Keep Investments Working Consistently, Let Them ‘Go On A Vacation’ This Summer

June 8, 2018June 11, 2018

Rob Snell, financial advisor, Edward Jones Financial in Saratoga Springs.

By Rob Snell

Summer is here – and so is vacation season. Americans spend a lot on their summer getaways—more than $100 billion in 2017 alone, as reported in Travel and Leisure magazine.

When you hit the road, you will enjoy getting away from your regular tasks, but there’s one part of your life that should never take a break—your investments.

To keep your investments working consistently and efficiently for you, consider these suggestions:

Legacy Timberframes In Stillwater Completes Project In DesMoines, Iowa, For RV Business

June 8, 2018June 11, 2018

Legacy Timberframes crafted and installed these timber frame accents and porches for the exterior of this new RV One showroom in DesMoines, Iowa.
Courtesy Legacy Timberframes

By Rachel Phillips

Legacy Timber Frames Inc., a local boutique timber frame company that has clients all across the country, recently just finished a project for an RV showroom in Iowa.

Though they’ve worked in Maryland, Illinois, Florida, Maine and more, the majority of their work is local and their headquarters are located at 691 County Road in Stillwater. The company recently celebrated its 30th year in business.

Legacy Timber Frames’ president Annemarie Mitchell described the company as more of a sub-contractor, as they do not general contract an entire home or building. Instead, the company provides timber frames for various projects.

LaRue Woodworking Expands Its Business Through Relationship With Curtis Lumber

June 8, 2018July 20, 2018

Will LaRue is the owner of LaRue Woodworking in Ballston Spa. ©2018 Saratoga Photographer.com

By Maureen Werther

Master craftsman Will LaRue has operated LaRue Woodworking (part of LaRue Enterprises) on his family farm for nearly 20 years and he continues to expand.

His most recent expansion of business comes in the form of a relationship with Curtis Lumber, an area business with its own history of longevity in the region. LaRue said that he is currently doing custom moldings, custom millwork, wood countertops through Curtis.

“They pretty much send over anything wood-related,” said LaRue.

Recruiting New Workers For Jobs In Building Trades Continues To Be A Challenge Locally

June 8, 2018June 11, 2018

Those in the building trades field say recruiting new workers remains a challenge.
©2018 Saratoga Photographer.com

By Maureen Werther

People in the building and trades industry—union leaders, business owners and educators—continue to say there is an ongoing need to recruit new people for the welding, HVAC, building construction, plumbing, electrical and other trades.

At a recent meeting of BOCES counselors and business owners at the offices of Bonacio Construction, Sonny Bonacio talked about the need for skilled labor industry-wide. Bonacio Construction, formed in 1988, is a major residential and commercial builder in the Capital Region.

“It’s been a challenge for the last 15-20 years getting plumbers, roofers, framers. We’ve noticed in our own company there are way too many people who are in their 40s and 50s and not enough in the 20- and 30-year-old range,” said Bonacio.

Gansevoort Company Official Is NESCA President, Replacing Local Business Woman

June 8, 2018June 11, 2018

Cathy Morin of Niatrust Drywall in Wilton, was the third female president of NESCA. ©2018 Saratoga Photographer.com

By Maureen Werther

Lee Keirstead, project manager for Stone Bridge Iron and Steel, Inc. in Gansevoort, is the new president of Northeast Subcontractors Association (NESCA).

NESCA is a nonprofit trade association based in Albany. It represents nearly 500 subcontracting companies, specialty contractors and suppliers of construction material and equipment, making it the largest subcontractor group in the country. Its members include both union and open-shop companies.