Category Archives: Business News

AngioDynamics Inc., a leading provider of innovative, minimally invasive medical devices for vascular access, peripheral vascular disease and oncology, has an agreement to acquire RadiaDyne, a privately held medical diagnostic and device company that designs and develops patient dose monitoring technology to improve cancer treatment outcomes.

The transaction expands AngioDynamics’ growing oncology business by adding RadiaDyne’s early-stage, proprietary OARtrac, real-time radiation dose monitoring platform, and other market-leading oncology solutions, including the IsoLoc/ImmobiLoc and Alatus balloon stabilizing technologies.

“The acquisition of RadiaDyne, combined with our recent BioSentry asset purchase, delivers on our commitment to build a world-class oncology portfolio,” said Jim Clemmer, president and chief executive officer of AngioDynamics.

By Maureen Werther

A stretch of road along Route 9, from Route 149 to Sweet Road in Queensbury (Exit 20), is the subject of a $100,000 traffic study, an area for “targeted growth, investment, revenue and new jobs” that is expected to span over the next decade, according to Ed Bartholomew, president and CEO of EDC Warren County.

The study was completed by the engineering firm of Creighton Manning LLP and funded by EDC Warren County, Warren County and National Grid. In September,  EDC Warren County held what was billed as an “open house and interactive meeting” to discuss he study.

Currently, the area has a mix of residential homes and commercial businesses. According to the press release put out by EDC, the “success and growth of this corridor collectively over time has led to increased traffic and congestion beyond normal seasonal peaks.”

The Washington County Local Development Corporation and the Adirondack Regional Chambers of Commerce announced the nominees for the 2018 Washington County Business Awards.

In the Professional Business Category, nominees are: Adirondack Studios, Capital Tractor Inc., Golden Goal Sports Park, Irving Tissue and Morcon Tissue.

In the Rookie Business Category, nominees are:  Bonnie & Clyde’s Gourmet on the Run, Broadway Upstate and On the Rocks Pub.

In the Small Business Category, nominees are:  Argyle Cheese Farmer, Bug U Pest Control, Hunt Companies Inc., Lakeside General Store and Lavenlair Farms.

The utilization rate for Minority and Women-Owned Business Enterprises participating in state contracts increased to 28.62 percent for the 2017-18 fiscal year, the highest in the nation, according to state officials.

Gov. Andrew Cuomo announced in early October that MWBEs won more than $2.5 billion in state contracts during that time.

The announcement was made Oct. 4 in conjunction with New York state’s eighth annual MWBE Forum at the Empire State Plaza Convention Center in Albany. 

“New York is building a stronger tomorrow by ensuring that our minority-and women-owned businesses have the opportunity to grow and thrive,” Cuomo said. “Our nation-leading utilization rate is a testament to our unparalleled network of MWBEs that continues to grow in size and scope, reflecting the state’s rich diversity.”

“As a woman who helped start a family women-owned small business, I know firsthand the barriers faced by aspiring entrepreneurs,” said Lt. Gov. Kathy Hochul. “We are leading the nation in our MWBE utilization, increasing the rate to nearly 29 percent. We must do everything in our power to provide opportunities for minority and women-owned businesses, and we’re continuing to expand the state’s program to help break down barriers and help entrepreneurs take their business to the next level.”

By Jill Nagy

More than 40 people attended a kick-off luncheon to announce a Habitat for Humanity project in Granville and gauge interest in the home-building project.

Telescope Casual Furniture, a manufacturer in Granville, emerged as the lead sponsor. The project received “a very warm reception,” according to Adam Feldman, executive director of Habitat for Humanity of Northern Saratoga, Warren and Washington Counties.

Habitat for Humanity builds subsidized housing using a combination of volunteers, donations, and the “sweat equity” of the family who will own the home when it is completed. At its peak, a project may have 100 or more volunteer builders on site, including a contingent of people who coordinate the work and bring in a crew of 50 volunteers to join an equal number of local volunteers.

By Maureen Werther

Chad Nims, a real estate developer and owner of Nims Outdoor Services,  recently received approval from the city of Glens Falls to move forward with his plan to invest $2 million in renovating and building apartments at 46-56 South Street.

The roughly 26,000-square-foot building was a garment factory for many years, according to Nims. In the last 15-20 years, the second and third floors sat idle, with the first floor being occupied less and less in recent years. Northway Communications will continue to remain as a tenant on the first floor, according to Nims.

Nims purchased the building in the fall of 2017 from investor Peter Shabat. A native of the region, Nims grew up in Hudson Falls and opened Nims Outdoor Services in 2003, a business that handles commercial facility maintenance, snow plowing, landscaping, excavation and construction. The company employs approximately 40 people.