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Regional Economic Development Council Opens Its Annual Competitive Grant Process

Posted onMay 5, 2017May 5, 2017

New York state has launched Round VII of the Regional Economic Development Council initiative, officially kicking off the annual competition for more than $800 million in state economic development resources.

The Consolidated Funding Application opened to applicants on May 1, enabling businesses, municipalities, nonprofits and members of the public to begin applying, through a single application, for assistance from dozens of state programs for projects that create jobs and help to revitalize communities.

“The Regional Economic Development Councils have successfully brought local communities together like never before, spurring economic growth from the ground up and creating jobs across New York,” Gov. Andrew Cuomo said. “With the seventh round of the REDC awards, the state will continue its partnership with local governments and community leaders—making smart investments in our cities, towns and villages to give the Regional Councils the tools needed to build their communities for years to come.”

Through six rounds of the REDC competition, the Capital Region REDC, which includes Saratoga and Warren counties, has delivered $436.9 million for 608 projects, officials said.    

Round VII of the REDC initiative will award more than $800 million in state resources across all 10 regions, including up to $225 million in performance-based grants and tax credits from Empire State Development, and approximately $575 million from two dozen state agency programs.

The governor said the REDC process has transformed New York state government’s approach to economic development, creating a statewide framework for bottom-up economic growth and streamlining the application process for state funding. Since 2011, the first year of the initiative, over $4.6 billion has been awarded to more than 5,200 projects that are projected to create and retain more than 210,000 jobs statewide.

Lt. Gov. Kathy Hochul, who heads the Regional Economic Development Councils said, “By empowering the people who know their communities the best, the governor has transformed this state’s economic development strategy into one that is not only successful, but is built to last. As the chair of the Regional Councils, I have seen proof that this investment in innovation and technology has revitalized our economy and there is a new confidence among local elected officials. Projects initiated with REDC funding are redeveloping our downtowns, retaining and expanding businesses, and rebuilding our infrastructure for the 21st Century.”

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Circus Smirkus Returns To Saratoga This Summer; Will Benefit The Waldorf School

Posted onMay 5, 2017May 5, 2017
This high-wire act was part of the 2016 Circus Smirkus show. This year, the troupe will be in Saratoga Springs as part of its 30th anniversary tour.
Courtesy Circus Smirkus

Circus Smirkus, an international youth circus, returns to the outdoor soccer field at the Saratoga Casino Hotel for four performances this summer.

It is a fundraiser for the Waldorf School on York Avenue in Saratoga Springs.

The event on July 11 and 12 is part of the circus’ 30th anniversary “big top tour.” Performances are scheduled for 1 p.m. and 6 p.m. each day. Tickets are $25 for adults 13 and older and $20 for children 2-12. Children younger than 2 are free on an adult’s lap.

This year’s tour continues the tradition of Smirkus theme-based shows. This year it is “Midnight at the Museum.” It creates the excitement of an adventure through the hallowed halls of a magical museum. Attendees “will embark on an enchanted journey with astonishing aerialists, courageous clowns, and wily wire walkers as they explore a museum that springs to life when the clock strikes midnight,” circus officials said in a news release.

It features 30 budding circus stars ages 12 to 18 from 13 states—California, Illinois, Massachusetts, Maine, Minnesota, Missouri, New Hampshire, New Jersey, New York, Rhode Island, Virginia, Vermont, and Washington—as well as Canada and Zambia.

The Waldorf School of Saratoga Springs first brought Circus Smirkus to Saratoga in 2007 as a fundraising and outreach event.

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Tourism Bureau: Saratoga City Center Had Big Jump In Events In 2016 With $57M Impact

Posted onApril 7, 2017April 7, 2017
The Chowder Festival in Saratoga Springs is one of the city’s major tourism events.
©2017 Saratoga Photographer.com

The Saratoga Convention & Tourism Bureau held its 32nd annual meeting and dinner at the Saratoga Springs City Center in March where the organization highlighted the successes of 2016, reviewed initiatives for 2017 and welcomed new members to its board of directors and Executive Committee.

Successes were listed in the 2016 annual report. It showed that the convention/group business continued to grow throughout 2016. More corporate group, sports and wedding leads and associations signed multi-year contracts again in 2016.

The year saw 627 events hosted, compared to 422 in 2015. Those events resulted in 90,908 room nights, up 11.8 percent from 2015. The estimated economic impact of those figures was $57 million last year, compared to $45 million in 2015.

  The report said the group market contributes one in five room nights in Saratoga Springs.

Recognized at the dinner were those elected to serve on the Executive Committee for 2017-18. They are Cindy Hollowood, chairperson, Holiday Inn Saratoga Springs;  Thomas Newkirk, immediate past chairperson, Saratoga National Golf Club; AJ Bodden, incoming chairperson, Townsquare Media Group; Marianne Barker, treasurer, Impressions of Saratoga; and Robert Berrey, at-large officer, The Gideon Putnam.

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Jeff And Deane Pfeil Met Many Challenges, Had Many Successes In Real Estate Careers

Posted onApril 7, 2017
Jeff and Deane Pfeil created Pfeil & Co. Real Estate in Saratoga Springs in the 1990s.
©2017 Saratoga Photographer.com

By Maureen Werther

As Jeff and Deane Pfeil prepare to transition out of their commercial real estate and development careers and into their new lives on Bainbridge Island in Washington state, they have a lot to be proud of and a lot to be grateful for.

The husband-and-wife team created Pfeil & Co. Real Estate and moved to Saratoga Springs from Westchester in 1994. Both were commercial real estate brokers and they started out managing shopping center developments, moving into doing historic restorations and adaptive re-use apartments. Deane was born and raised in Troy, while Jeff comes from the small town of Carmel, in Putnam County.

Looking back on their careers, Deane recalls that there was no internet when they first began and it took a lot of cold-calling to develop a client base, something at which she excelled.

“We liked to joke that I would get them on the line and Jeff would reel them in,” she said.

The Pfeils first major project in Saratoga Springs was the office building at 340 Broadway.

“The property had been sitting vacant since 1969, and we kept asking ourselves why nothing had been done with it,” she said. Deane zeroed in on Eddie Bauer and “barraged” them with flyers, mailings, and information about Saratoga Springs.

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R.S. Taylor & Sons Farm Brewery Plans To Open A Tap Room In Congress Plaza

Posted onApril 7, 2017
This sign welcomes people to R.S. Taylor & Sons Brewery in Salem.

By R.J. DeLuke

Congress Plaza in Saratoga Springs will soon  be the home of a new taproom selling craft beers from a Washington County farm brewery business.

R.S. Taylor & Sons Brewery is renovating a 1,600-square-foot space in Congress Plaza. The business will go into the end unit in the southern portion of the plaza that was formerly Bubbles Laundromat.

Renovations involve putting in a bar and tap service. “It shouldn’t take long to do what we need to do,” said Rich Taylor, owner of the farm brewery business and its chief brewer. The main issue is getting all the necessary operating permits.

“We hope to be open by Memorial Day weekend,” he said.

The company currently operates a tap room on the farm property where people go to quaff the locally made product and occasionally listen to music. Under the farm brewery license, companies like R.S. Taylor & Sons are allowed to open up to five tap rooms.

The one in Saratoga Springs will be the second. A third is being planned in the Albany area, Taylor said.

R.S. Taylor & Sons specializes in brewing English-style ales with a brewing system custom crafted by Portland Kettle Works in Portland, Ore.  They use a combination of home-grown hops, hops grown for them at nearby Cold Spring Hop Farm in North Hebron, and a selection of British-grown hops. The water is from the artesian wells on the farm.

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Feigenbaum Cleaners Marks Its Centennial Anniversary; Started In Glens Falls In 1917

Posted onApril 7, 2017April 11, 2017
Feigenbaum Cleaners owns this shop at 33 Railroad Place in Saratoga Springs.
©2017 Saratoga Photographer.com

Feigenbaum Cleaners, one of the oldest dry cleaning businesses in New York state, with locations in Saratoga Springs and Wilton, is celebrating its centennial anniversary.

The company was started in Glens Falls, where it is still headquartered, in 1917 by Herman Feigenbaum and his wife Jennie, both emigrants from Austria-Hungary. They met and married in New York City in 1909.

The local shops are at 33 Railroad Place in Saratoga Springs and at Wilton Square, 3039 Route 50 (near Staples). The business also has shops in Queensbury and in Latham.

“After working as a tailor for years in the crowded garment factories of New York’s Lower East Side, Herman decided to leave New York City to purchase a tailor shop in Whitehall,” said Todd Feigenbaum, the third-generation owner.

“On their way to Whitehall, the family of five decided to spend a night in Glens Falls. After exploring the community and falling in love with its charm, they decided Glens Falls would be their new home.”

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Broadway Building Near Post Office Will Become Home To ‘Pint Sized’ Craft Beer Store

Posted onApril 7, 2017
Pint Sized, a small bar and bottle shop, will open in Saratoga in the spring.

Is bigger always better? Not necessarily, according to August Rosa who opened his second business, Pint Sized, at 489 Broadway in Saratoga Springs.

“I am thrilled to finally announce this second business in the middle of Saratoga Craft Beer Week,” said Rosa in late February.

He said Pint Sized is probably going to be the smallest bar in the area, presenting guests with a cozy craft-beer experience.

The project is moving toward a spring opening date.

Rosa said the small bar will have 12 beers on tap, available by the glass or growler. In addition to craft beer on premises, there will be a wide selection of brews to purchase for off-premise consumption as well. Product will be sold broken up as single units, packaged, or as mix-six packs.

Rosa said there will be a small wine list and a rotating food menu with light fare.

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BST & Cos. CPAs Grows, Acquires Finance Services, Accounting Firm ‘CFO For Hire LLC’

Posted onApril 7, 2017
Jim Lozano founded CFO for Hire in 2000 and will continue to guide it for BST & Cos.
Courtesy BST & Cos. CPAs LLP

BST & Co. CPAs LLP, one of the Capital Region’s leading financial and management consulting firms, has acquired the finance, management and accounting services company CFO for Hire LLC.

The Albany-based firm is operating under the BST banner. The acquisition was announced in March. Company officials said it will enhance and complement BST’s current service offerings of tax planning, financial consulting, and business valuation, by providing companies with an outsourced alternative for day-to-day accounting services.

All 19 staff members employed by CFO for Hire have made the transition to BST.

The new division of BST will be led by Jim Lozano founded CFO for Hire in 2000 and has grown the company from two clients at its inception to 84 clients in 2016. Under BST, CFO for Hire will continue to serve clients throughout the Capital Region, Central New York and Mohawk Valley, while expanding its offerings to businesses in the Hudson Valley.

“We are pleased to welcome Jim and his skilled team to BST as we further our services to meet a new type of client need. This addition is an opportunity for us to take advantage of the growth opportunities available to us in upstate New York while bringing BST’s signature brand of service to new businesses,” said Ron Guzior, managing partner of BST & Co. “Jim has built an outstanding operation that meets a demand unique to many closely- or family-held businesses and nonprofit organizations.”

“When I began CFO for Hire nearly two decades ago, it was in response to seeing the clear need for a permanent financial solution for companies that simply do not require full-time, in-house accounting personnel. We offer businesses the opportunity to have a team of expert finance and accounting staff at their disposal, without the overhead costs,” said Lozano. “I have long respected the team at BST, and am excited to join them.”

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Center For Economic Growth Reaches $6M Goal For Programs To Promote Development

Posted onApril 7, 2017

The Center for Economic Growth (CEG) has reached a $6 million target for its Accelerate capital campaign.

Launched Sept. 1, 2016, Accelerate is a five-year campaign and collaborative investment to accelerate and secure the region’s economic stability. Officials said the success of the campaign means CEG—the Capital Region’s 30-year-old professional and economic development organization—will be better positioned to promote the eight-county region to businesses and entrepreneurs across the country and beyond while also helping companies already rooted in the region thrive.

The region includes Saratoga County.

“CEG’s successful $6 million capital campaign under the leadership of Andrew Kennedy marks the beginning of a new stage of advancement for not only this vital economic development organization but also for each of our region’s eight counties. The region-wide team effort—from developing our economic blueprint to the Capital 20.20 Plan—laid the groundwork. And now regional leaders have shown their confidence by rallying behind CEG so it can help implement the plan. Together we will pursue a bold new future for the Capital Region’s economy,” said Laura Schweitzer, chair of the CEG board and the University of Albany’s vice president for health sciences.

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SEDC Incubator Project Name To Be Released April 12; Entrepreneurship Film Will Be Shown

Posted onApril 7, 2017

As part of its Advance Saratoga Startup initiative to promote, retain and grow business and jobs in the region, the Saratoga Economic Development Corporation (SEDC) formed an  entrepreneur incubator supported by peer mentors, capital networks and academic entrepreneur centers across the region.

The SEDC then enlisted community input to develop a permanent name for its business accelerator. The winning name will be unveiled at an event with regional community and business leaders, entrepreneurs and students on 5: 30 p.m. Wednesday, April 12, at Bow Tie Cinemas in Saratoga Springs.

“We know Saratoga County has enjoyed recent success,” said Dennis Brobston, president of SEDC. “We also know it requires constant innovation to remain competitive. We have the benefit of talented, community-focused, successful entrepreneurs and professionals in our area. Launching this early-stage company accelerator and startup incubator will position us to support small-business growth and retain more talent to invest and create jobs here at home.”

The event will also feature the regional premiere of the movie “Generation Startup.”

“Generation Startup” captures the struggles and triumphs of six recent college graduates who put everything on the line to build startups in Detroit. Shot over 17 months, it’s an in-the-trenches look at what it takes to launch a startup.

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