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Jake Van Ness

2231 Articles

Business Report: IRA Distributions For Hybrid Long-Term Care

Posted onApril 18, 2022
Brian M. Johnson, director, business development, Advisors Insurance Brokers.

By Brian M. Johnson, MBA, CLTC

Many clients have qualified assets they intend to use for retirement income. However, there is one risk that could potentially jeopardize even the most well thought out plan—the need for long-term care or extended healthcare. 

Long-term care is defined as needing assistance or supervision with everyday activities of daily living or ADL’s. A long-term care event is generally not cure oriented and the need for services, whether in home or a facility, is expected to last longer than 100 days. This type of care of referred to as custodial care, and a reason why traditional health insurance, Medicare and/or Medicare Advantage plans don’t cover it. Our default plan includes trying to qualify for Medicaid, which is a financially means tested program, which typically covers a nursing home, zero assisted living and limited home care or to use our own assets and income. 

A hybrid long-term care policy is another popular way to address the risk. It’s a type of permanent life insurance policy which offers three core benefits: An income tax-free life insurance death benefit long-term care services aren’t needed, cash indemnity benefits to pay for home care, assisted living and/or skilled nursing and a return of premium rider, which allows the insured to surrender the policy and receive either all or a portion of their premiums back with no penalty or charges.

Unlike a traditional long-term care policy, policy premiums are guaranteed and can never increase and benefits for are paid in cash to the insured, meaning the insured can use the funds however he/she sees fit, whether it’s to offset other bills, pay a family member or licensed providers. It’s an asset allocation approach to financing long-term care needs. 

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Hospital Offers Interviews To Those Who Complete SUNY Adirondack Tech Course

Posted onApril 18, 2022

SUNY Adirondack and Saratoga Hospital have entered into a partnership that guarantees individuals who complete the college’s sterile processing technician course an interview for open technician positions at the hospital. 

“This is an incredible opportunity for those interested in this rapidly growing field to get the training they need to secure a fulfilling, in-demand career,” said Caelynn Prylo, assistant dean for Continuing Education and Workforce Innovation at SUNY Adirondack. “SUNY Adirondack knows Saratoga Hospital needs skilled, highly trained applicants, and we are thrilled to be able to provide them.” 

Saratoga Hospital will offer interviews to participants who successfully complete the sterile processing class. The positions available at the hospital include a competitive benefits package with medical, dental and vacation time.  

The sterile processing technician course is one of two 12-week courses offered by SUNY Adirondack through Workforce Readiness Academies Program (WRAP) Reimagine Grant, funded by state and federal Departments of Labor. For no cost, qualified applicants can participate in sessions in sterile processing or python for data analytics. 

Interested individuals must be at least 18 years old and have been impacted by the COVID-19 pandemic. 

These courses are geared toward people seeking occupational skills for a career in the high-demand industries of information technology and health care. SUNY Adirondack successfully offered two WRAP courses in 2021, both in information technology-related fields. 

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Officials In Region Work On Ways To House Temporary Workers Vital To The Economy

Posted onApril 18, 2022

By Jill nagy

Close to 900 university students are expected to arrive from overseas in the next few weeks to work at Lake George area hotels, restaurants, and resorts. Business people stress they all need housing, something that is always an issue but appears to be worse this year.

Several properties that were previously available for students have been sold or rented to other summer visitors, according to Gina Mintzer, executive director of the Lake George Regional Chamber of Commerce. 

The Chamber is always on the lookout for available motel rooms, cabins, campsites and the like, especially properties with accessible public transportation, she said. They pass on the information to the students who, she pointed out, “are used to paying for housing.” Usually, though, “before we know it, it’s already gone,” she said.

“The students are looking frantically,” she said. Some “couch surf” with fellow students until they can find places of their own. “We try to make sure they are safe.”

One such employer, Lake George Steamship Co., tendered employment offers that were accepted by 22 students.

“I hope they can get here,” said Bill Wilson, who is in charge of food and beverages for the company. He uses two recruiting companies to assist him in finding student employees. He reviews resumes and listens to pre-recorded interviews online. 

The steamship company itself does not provide housing. However, Wilson is aware of some viable apartments behind the Lobster Pot restaurant on Canada Street and some cabins on Route 9—three miles away on busy Route 9 with no public transportation available.

The students, according to Mintzer, come from “all around the world.” 

In 2019, the last summer before COVID travel restrictions, employees came from 53 countries. In a typical year, there are close to 1,000 of them, she said.

Lake George employers also hire local young people, both high school and college students. Mintzer said there is a slight preference for the international students because their schedules are more flexible and they can stay on into the fall—sometimes beyond that. In fact, she recalled some students who worked through the winter and are back for this summer.

The housing shortage is partly the result of boom times in the Lake George area. Mintzer noted that Lake George had a very good season last year and she expects the same this year. Rooms that used to be available for students have been rented to others, usually for more money. 

She is aware of several properties near Bolton Landing that used to house students that have recently been sold. In short, she summed up, “it’s a tighter situation than in the past.” “We need more inventory.”

There has been some discussion of the town and village buying and rehabilitating old motels for student use or building dormitories. However, there are no current plans in place to do that.

Future plans may require grant money to pay for the purchase of vacant property along Route 9 between the village and the outlet stores.

However Jim Siplon, EDC Warren County CEO and president, thinks that the situation for this summer’s student workers in Lake George is, pretty much, under control. “The right people are working on it,” he said.

After a two-year hiatus, it was necessary to “reopen the pipeline” and start bringing international student employees to Lake George again. The next problem was finding housing for them. In the short term, this summer’s student workers have to be housed.  “They have a handle on that.”

Beyond the immediate housing emergency, he sees a larger issue for the region. Mid-term, he noted, there is a need for a more enduring home for hospitality workers in Lake George. 

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Study: Most New Yorkers Feel Ukraine War Will Lead To Long-Term Economic Problems

Posted onApril 18, 2022

Some 54 percent of New Yorkers say the war in Ukraine and the international response to it will lead to long-term economic problems resulting in financial difficulties that all Americans will face for years, according to a new statewide survey of consumers by the Siena College Research Institute (SCRI).

Thirty-two percent are more inclined to say that the war will soon end and despite significant short-term economic impacts, the American economy as well as the personal finances of Americans will be largely unaffected, the survey indicated. Seventy percent say that inflation is having either a very (26 percent) or somewhat (44 percent) serious negative effect on their personal finances. 

The survey said in light of current economic conditions and the war in Ukraine, 87 percent are concerned about food prices, 80 percent are concerned with the cost of gasoline, 76 percent with home utility costs, 71 percent with the worth of the American dollar and 68 percent with the value of their retirement accounts.

In response to price increases due to inflation, 69 percent will buy less in general, 67 percent will buy less expensive items and 28 percent plan to dip into savings to pay for everyday expenses. Over a third, 35 percent plan to get a second job or generate another source of income while 34 percent now say that they will postpone or cancel a vacation in the next six months.

“Inflation had gotten New Yorkers’ attention, but now add in war in Ukraine and consumers are very concerned, and many are planning to cut back,” said SCRI director Don Levy. “While a third think the war will soon be over and that our finances will not be largely affected, over half believe the war in Ukraine will generate economic shock waves that New Yorkers will face for years to come.”

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NYS Liquor Authority Accepting Permits For Craft Brewers To Sell While License Pending

Posted onApril 18, 2022

The State Liquor Authority is accepting applications for new permits to allow craft beverage manufacturing businesses the ability to manufacture and sell alcoholic beverages while their liquor license is pending. 

The new permits can generally be processed and approved in less than 30 days, compared to applications for new licenses that currently take an average of six months, expediting the time it takes to open new craft beverage manufacturing businesses throughout the state, officials said.

The permits allow businesses to manufacture and sell alcoholic beverages for a period of six months, or until the full application is approved, for a fee of just $125. The new permits may be extended for a three-month period for an additional $50 fee if necessary.

“New York’s craft beverage industry is not only a source of local pride, but also creates jobs and drives tourism in every corner of the state,” Governor Kathy Hochul said. “These fast-tracked permits will allow new businesses to hit the ground running by opening quickly and making immediate contributions to their local economies. This is another step in furthering our administration’s efforts to cut red tape, ease regulations, and make commonsense reforms to help these businesses grow and thrive.”

Legislation signed by Hochul in December  created new temporary permits for breweries, wineries, distilleries, cideries and meaderies, allowing them to open while awaiting the final approval, preventing accrued costs in rent and maintenance after the location and equipment have been acquired. There are currently 81 permit applications pending for craft manufacturers statewide, officials said. 

State Liquor Authority Chairman Vincent Bradley said getting craft producers open quickly is important for both the individual businesses and for our state’s entire economy.

“When our craft manufactures grow and thrive, they create jobs, put money back into their local economies and set the stage for future growth. New York has been a leader in the craft beverage industry, and these fast-tracked permits will no doubt help ensure this trend continues,” he said.

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Otis Named Corporate Responsibility Officer, Community Relations Manager At KeyBank

Posted onApril 18, 2022
Tam­ika Otis has 15-plus years of leadership and program management experience. Courtesy KeyBank

KeyBank has named Tam­ika Otis its corporate responsibility officer and community relations manager for the Capital Region and Central New York markets.

Otis has more than 15 years of leadership and program management experience and will oversee KeyBank’s broad community engagement strategy. 

Officials said this includes Community Reinvestment Act (CRA) compliance and execution of KeyBank’s National Community Benefits Plan in the Capital Region. Since 2017, KeyBank has invested more than $666 million in Albany and the surrounding region through this plan, supporting small business and home lending in low- and-moderate income communities, affordable housing and community development projects, and philanthropic efforts targeted toward education, workforce development, and safe, vital neighborhoods.

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Business Briefs: April 2022

Posted onApril 18, 2022

The Adirondack Thunder raised more than $31,000 from its Stick it to Cancer Weekend in late March to benefit the C.R. Wood Cancer Center at Glens Falls Hospital.
With the totals from a 50/50 raffle, a paint the ice event, a postgame jersey auction and other various donations the Thunder raised over $10,000 more than the previous season’s Stick it to Cancer Weekend.
All the funds go to patients in the community to help cover the cost of gas, transportation, and medical copays.
“The staff and patients of the C.R. Wood Cancer Center greatly appreciate the community support during the Stick it to Cancer Hockey Weekend,” said Vickie Yattaw, oncology education and support services manager for the C.R. Wood Cancer Center.

* * *

Zobel & Co. Kitchens, located at 11 Broad Street in the Union Square Building in Glens Falls, won the Best of Houzz Customer Service award on Houzz, a leading platform for home remodeling and design.
The custom kitchen and cabinetry design firm was chosen by the millions of homeowners that comprise the Houzz community from among more than 2.7 million active home building, remodeling and design industry professionals.
This is the 10-year anniversary of the Best of Houzz awards program, and the eighth consecutive year that Arthur Zobel and Zobel & Co. Kitchens received this award. The Customer
Service award honor is based on several factors, including a pro’s overall rating on Houzz and client reviews submitted in 2021.

* * *

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Lake George Chamber Director Gina Mintzer Elected To State Association Of Chambers

Posted onMarch 21, 2022
Gina Mintzer, Lake George Regional Chamber of Commerce executive director.
Courtesy Lake George Regional Chamber of Commerce

The Chamber Alliance of New York State (CANYS), a statewide association of more than 70 Chambers of Commerce, has elected Lake George Regional Chamber of Commerce Executive Director Gina Mintzer, CMP, MHA, to its board of directors for 2022. 

Mintzer brings an extensive background in chamber of commerce leadership. She has been executive director of the Lake George Chamber since September 2017.

She is responsible for the overall development of the processes, productivity and profits that directly impact tourism in the Lake George region. Mintzer leads the team of 11 full- and several part-time/seasonal staff. She also manages three visitor information centers. 

Mintzer spent 19 years working as the director of sales of the Albany County Convention & Visitors Bureau. She’s involved in a variety of local, state and national organizations within the hospitality and tourism industry including the Empire State Society of Association Executives (ESSAE), Meeting Professionals International (MPI Upstate New York), NYS Hospitality & Tourism Association, NYS Destination Marketing Organization as well as the Warren County Council of Chambers, SUNY Adirondack, and SUNY Delhi, among others.

Born and raised in West Palm Beach, Fla., she is a graduate of the University of Florida. She received her Masters in Hospitality Administration (MHA) through University of Nevada, Las Vegas.

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Woodchip Bioreactor Works To Protect Lake George, Removing Algae-Causing Nitrates

Posted onMarch 21, 2022
A monitoring study by the LGA, Lake George Waterkeeper and the town of Bolton, found that this woodchip bioreactor removed 38 percent of nitrate from the wastewater that flowed through it.
Courtesy LGA

In what the Lake George Association believes to be the world’s first use of a woodchip bioreactor at a municipal wastewater treatment plant, the Town of Bolton is using woodchips to reduce the release of algae-causing nitrate into groundwater and a tributary that feeds Lake George.

A 27-month monitoring study conducted by the LGA, Lake George Waterkeeper and the town, found that the town’s woodchip bioreactor removed 38 percent of nitrate from the wastewater that flowed through it, compared to 0 percent removal of nitrate from the rest of the plant’s effluent stream.

The study was funded by a Lake Champlain Sea Grant. 

Nitrate is a chemical compound present in organic waste that, when discharged to water in high quantities and over long periods of time can result in human and ecosystem health problems and foster the growth of algae, including harmful algal blooms (HABs). The Bolton wastewater treatment plant was constructed in the late 1950s and early 1960s and, like other plants of that era, is lacking the denitrification stage found in modern-day plants that converts nitrate to nitrogen gas and releases it harmlessly into the air. 

Instead, nitrate is discharged as part of the effluent to sand infiltration beds where it enters the groundwater and sometimes resurfaces and flows into nearby tributaries, the LGA said. The bioreactor adds a wholly natural denitrification process to Bolton’s treatment capabilities.

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

Posted onMarch 21, 2022
The State Park lands around Lake George accords visitors with scenic views.

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.

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