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Economic Outlook 2025: Success Aided By Use Of Digital Marketing

Posted onJanuary 20, 2025
Sara Mannix, president and CEO of Mannix Marketing.

By Sara Mannix

Looking back at 2024, I’ve seen the digital marketing industry undergo remarkable changes. It’s been a year of rapid technological advancements, evolving consumer expectations, and the ongoing influence of global economic uncertainties. For me—and so many of us navigating this field—the new year has been a mix of challenges, exciting opportunities, and groundbreaking innovation.

As I reflect on the past year, one thing remains clear: no matter the state of the economy—whether tightening, as we saw in 2024, or expanding, as many predict for 2025—digital marketing continues to play a vital role. It’s where businesses connect with people in the spaces they spend the most time: online. From social media to search engines, digital platforms are where brands thrive—or fall behind.

Key Trends Defining 2024 That Shed Light on 2025

Artificial Intelligence: Moving Beyond the Hype

AI has shifted from being a buzzword to an essential digital marketing tool. I’ve seen how platforms like ChatGPT and AI-driven personalization have transformed how we connect with audiences and tailor experiences. But there’s a fine line here. In conversations with industry peers, especially in groups like the Bureau of Digital Agencies, the focus has been thoughtfully leveraging AI. Those who use AI simply as a shortcut to manipulate systems may see fleeting success, but that approach is unsustainable. The real winners in 2025 and beyond will be those who balance automation with authenticity—using AI as a tool, not a crutch.

Content’s New Frontier: Video and Interactive Media

Video content is still king, but I’ve noticed a growing interest in interactive formats like live streaming, polls, and augmented reality. TikTok, Instagram Reels, and YouTube Shorts continue to dominate, but the push for immersive experiences is opening up new opportunities. For us, the challenge is in finding creative ways to integrate these formats into campaigns that engage audiences and keep them coming back for more.

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Economic Outlook 2025: AI Is A Helpful Tool In Market Research

Posted onJanuary 20, 2025
Neal Sandin, President of 643 Research is a full-service qualitative market research company.

By Neal Sandin

AI continues to permeate into society, spreading to every corner of our homes and workplaces. People are using it to help make emails more professional and resumes more appealing. Unfortunately for market research, some are using it to answer questions.

This is a significant issue. The entire purpose of qualitative market research is to understand people’s unique wants, needs, and desires, as well as the issues and barriers they struggle against. If respondents provide us with AI-generated responses instead, we are failing on a fundamental level. After all, AI generates answers that are compiled from huge amounts of data from millions of users. While undoubtedly useful, it cannot accurately reflect the unique circumstances of the individual. AI can tell us where the rents are rising, but it cannot tell us the feelings, emotions, and hopes of a specific tenant. 

One obvious solution is to simply rely less on methodologies such as online bulletin boards, which allow users to reply to questions at their leisure. Face-to-face interaction, either in-person or via Zoom or Teams, precludes using generative AI like Chat GPT. Direct connection would seem to make for more engagement and better results. 

However, sometimes online bulletin boards are the best tool for the job, such as when people try a product over the course of several days. Nor has there been a significant drop in the use of online bulletin boards, or similar forms of market research, since the advent of Chat GPT or other AI tools.

Another solution is to simply disregard AI generated answers and replace those respondents. This is possible when the AI is obvious, but as teachers and professors around the world can attest, no person or program can infallibly identify AI-generated responses. 

So, the question becomes, why? Why do people use generative AI instead of giving their own opinion? It is easy to fault the respondents, saying that they are lazy or in it for the money. That may occasionally be the case, but the answer is hardly that simple. After all, most people want to have their opinions and frustrations heard and taken seriously. Yet, some turn to AI to generate a response. It is disheartening to find that when asking for a personal opinion (in a confidential and safe setting), people do not feel empowered to give it.

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Economic Outlook 2025: Mixed Challenges In The Building Trades

Posted onJanuary 20, 2025
Doug Ford is vice president of Curtis Lumber Company.

By Doug Ford

As we step into 2025, I remain optimistic about what lies ahead for the construction industry, even though there is much uncertainty. The construction industry, along with companies supporting it like Curtis Lumber, faces a year that will blend both opportunity and caution. Let’s take a closer look at what we know, what we think we know, and the unknowns that could influence the year ahead.

The outlook for construction in 2025 is generally optimistic, especially for residential and multifamily projects. Nationally and locally, growth is expected, but experts predict commercial construction will slow compared to previous years. Residential and multifamily construction remains robust as demand for housing continues, despite challenges such as rising interest rates.

That said, there are still plenty of unknowns that could impact the industry. Much of this uncertainty stems from the new administration and its policies. Changes in leadership can significantly impact the construction sector, especially when it comes to regulation and funding for infrastructure. We are likely to see a focus on reducing regulations and prioritizing traditional infrastructure and energy projects, which is positive for the industry. However, there may be less emphasis on renewable energy projects, and potential labor impacts due to stricter immigration policies or rising tariffs could add costs. Only time will reveal how these factors will play out.

A major concern for the construction sector is the ongoing labor shortage. According to a recent AGC survey, over 90% of contractors struggle to fill positions across all levels. Despite efforts to raise awareness and encourage more people to pursue careers in the trades, these challenges persist. Locally, the Northeast Construction Trades Workforce Coalition (www.NCTWC.org), which I co-founded with Pam Stott, is working to bridge this gap by increasing awareness of career opportunities in the construction trades. Research has shown that many young people are unaware of the trades, largely due to a lack of accurate information provided by school counselors (no fault of theirs) and parents. Through our extensive research we have realized the construction industry has done very little to engage with the schools and provide the tools and resources necessary for the counselors. Additionally, parents are basing their knowledge of the trades on what they saw growing up, which is very different today.

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Economic Outlook 2025: Is A Return To The Office In The Offing?

Posted onJanuary 20, 2025
Dorothy Rogers-Bullis, owner of drb Business Interiors in Saratoga.

By Dorothy Rogers-Bullis

As we step into 2025, the question on everyone’s mind remains: “What’s going on with Return to Office RTO)?” My answer? It depends.

I’ve been asked this question so many times, I should probably print it on a t-shirt. As the president of drb Business Interiors and co-founder of Saratoga CoWorks, I’ve seen the challenges and opportunities from every angle—whether it’s a business owner trying to coax employees back to the office or an employee wondering if they can work from home in their pajamas just one more day. Spoiler alert: It’s complicated.

   Making the Office Worth the Commute

When business owners ask, “How do I get my employees back in the office?” My first response is simple: Make the office worth coming back to. Let’s face it, if your office looks like a scene from a 1990s sitcom (complete with beige cubicles and fluorescent lights), why would anyone trade their home office—where the coffee is free, the dress code is sweatpants, and there’s a dog under the desk?

Today’s offices need to offer more than just a place to work. Think ergonomic chairs that don’t scream “chiropractor visit pending,” collaborative spaces that spark creativity, and yes, even some creature comforts like good coffee and snacks. In 2024, we redesigned countless offices to include these features, helping businesses create environments that employees actually want to be in.

              The Flexibility Factor

But it’s not just about the furniture. Flexibility is the name of the game. For decades, the 8-to-5, Monday-to-Friday schedule was the gold standard. Now, employees want hybrid schedules that let them balance work and life without sacrificing either. Business owners who adapt—offering staggered schedules or remote work options—often find that productivity improves along with morale.

That said, flexibility must be carefully managed. Many employees have shared that working from home often comes with higher expectations for productivity. Without clear boundaries, this can lead to burnout. Striking the right balance is crucial. Instead of offering one work-from-home day each week, some businesses find that a few days a month makes more sense. Again, it depends on the business and the team.

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Economic Outlook 2025: More Headwinds Than Tailwinds In Economy

Posted onJanuary 20, 2025
Stephen Kyne, partner, Sterling Manor Financial LLC.

By Stephen Kyne, CFP®

The markets in 2024 were dominated, largely, by AI/IT and the Fed. 

The S&P 500 and the NASDAQ 100 were up 23% and 25%, respectively. On the surface that may appear to suggest that stocks, in general, did very well, however a deeper dig shows that a huge share of returns were limited to a very few stocks.

The “Magnificent 7” stocks make up nearly 33% of the S&P 500 that you often see quoted, and nearly 50% of the NASDAQ 100, the other 493 and 93, respectively, make up the rest. Weighting in these indices is proportional to the size of the companies. If you flatten it out and take all 500 companies in the S&P at equal weight, you’ll find a return of only about 12% for the year, which paints a very different picture. Investors have plowed funds into these few names, at the expense of the broader market. 

Looking ahead to the new year, we are cautiously optimistic about US stock markets providing positive returns for 2025. Much will depend on the governing policies and priorities of the new administration, which we believe we’ll learn in rapid succession in the third week of January. 

It was announced by the Presidend-elect that we’ll be re-naming the Gulf of Mexico the “Gulf of America”, as well as putting “substantial” economic pressure on Canada to surrender its sovereignty and become the 51st state. Once those very pressing issues are settled, maybe everything else will fall into place, and we can end this piece here. 

If only that were true…

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The Go Two Guys Are Building Success With Reliability And High Quality Work

Posted onJanuary 20, 2025
Kevin Higgins and Brian Bayle, co-owners of the Go Two Guys, deliver quality work on a variety of renovation projects.

By Paul Post

The Go Two Guys have one thing in mind when it comes to growing their new home improvement business.

Show up, on time, and do a good job.

“We’re going to show up when we say we’re going to be there and we’re going to do quality work,” co-owner Kevin Higgins said. “We had a lady who gave us a job just because we answered the phone.”

“That’s the model we try to have with this business,” said Brian Bayle, his partner. “It’s very important. One customer said, You guys are awesome! But I said, We haven’t done anything yet. They said, That’s okay. You called back number one, you said you were going to be here and then you confirmed to make sure we’d be home.”

Two Guys specialize in all kinds of repair and renovation projects from windows, doors and floors to interior and exterior painting, drywall work and kitchen and bathroom remodeling.

“We want to do things the big buys can’t or don’t want to do,” Bayle said. “It doesn’t matter the size of the job. Just call us up.”

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Economic Outlook 2025: New Federal Regulations Are Getting Tougher

Posted onJanuary 20, 2025January 20, 2025
Mark Shaw, CEO of Stored Technology Solutions Inc. (StoredTech).

by Mark Shaw

When it comes to technology the outlook for 2025 is split between compliance and AI utilization. What do we mean by this? We mean if you are in a HIPPA  (Medical Records) medical records or in any line of contracting for the federal government (CMMC) you will be impacted by some new regulations on your business.  You may not even be aware of them. 

For example, passed in the final hours of 2024, companies that fall under the HIPPA guidelines are now required to do two more things to protect their patient data. One they must have their computer systems scanned for vulnerabilities every quarter. This means four times a year you are expected to have a complete scan of your system to understand the current state of your IT health. Secondly you are expected to do annual penetration testing. This is where an outside firm tries to access your systems and data without being given permission. Once completed this report is shared with you and your technology provider to give a list of recommendations on how to remediate any shortcomings.

Interestingly HIPPA was created in 1995 and to date there has been very little “teeth” in the law and many practices are simply just saying “It is not for me, I’m too small, too specialized, not important enough, don’t have enough data to report on” We see this quite regularly.  Medical firms are focused on their main jobs and not the technology side. 

This is expected to no longer be the case. The new guidelines are letting regulators to get tougher on everyone. If you are not considering this and you have a medical practice, you should consider talking to your technology provider today to ensure you meet the requirements.

If you are in any industry touched by federal government, from a direct contractor for services, manufacturing for them or even being janitorial services with clients in the government space, you are being forced to adopt stronger guidelines and comply with the new CMMC rules.  

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The Man Behind Glens Falls’ Revitalization And The Queensbury Hotel’s Renaissance

Posted onJanuary 20, 2025
Ed Moore inspires change with dedication and hands-on leadership dressed in flannel.

By Paul Post

Ed Moore’s business suit is jeans and a flannel shirt, a bit atypical perhaps for a prestigious hotel owner and prominent civic leader.

It’s a simple reflection of his mindset for achieving success in both work and life. 

“I still get my hands dirty, get in there and do what I have to do,” he said. “My father used to say a job worth doing is worth doing right. Whatever you do, do it good. When you do that, you lift people up.”

Moore has been a driving force in downtown Glens Falls’ revitalization since moving to Warren County full time from Staten Island in 1987.

“My wife, Linda, and I passed through here on our way back from Niagara Falls on our honeymoon in 1966,” he said. “We came back up in ’68 for a weekend and in 1975 I bought a piece of property and built a cabin on Schroon Lake, 50 years ago this coming September.”

Moore had a lucrative downstate career as an excavating contractor, but left it behind to make Warren County his permanent home.  

“I was smitten with the area, the mountains, all the lakes, just the beautiful calming environment,” he said. “I decided to make a life change. I wanted to get out of that rat race down there, come up here and have a change of life. It’s worked out amazingly well.

To say the least.

He owns French Mountain Commons and Log Jam Outlet Centers on the Route 9 Million-Dollar Half Mile; Fairfield Inn & Suites near Exit 18; and the Sawyer’s building (leased to Sawyer’s Kitchen & Bath) on Glen Street hill opposite Cool Insuring Arena.

But the property he’s most visibly linked to is Queensbury Hotel, which he purchased in 2016 from a Connecticut-based investment group, bringing it back under local ownership for the first time since 2001.

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Janitorial Services Are Not A Dirty Job For Community Conscious Navy Seabees Veteran

Posted onJanuary 20, 2025
Kristopher Brunelle, CEO & Founder of veteran-owned White Glove Janitorial Service.

By Susan Elise Campbell

White Glove Janitorial Service invites area businesses to enjoy much more than a dirt-free, healthier workplace. According to founder Kris Brunelle, his “grime fighters are cleaning up the community and making a difference.” 

The veteran-owned company opened in October 2022 and now has seven staff cleaning offices and medical facilities, as well as manufacturing spaces, dealerships, and gyms. Brunelle also offers post-construction cleaning services and residential cleanup for homeowners moving in or out.

Brunelle is a former Seabee who has “built things around the world,” he said. His career as a carpenter for the Navy’s construction battalion took him to Spain, Croatia, Africa, Afghanistan, and Japan. 

After the Navy, Brunelle sold solar systems and then insurance, and while he enjoyed selling and relationship building, he said he needed something different to sustain his family. At the time that included two foster children in addition to their daughter.

“I saw in sales that companies could not always deliver what they promise and that I had no control over the product,” he said. 

The way to fix that problem was to start his own business and he chose cleaning services. After all, “there is always going to be dirt,”  he said.

Brunelle scoured the web for tutorials about commercial cleaning and watched every video. He also located a company nearby offering a master class that taught him all he “needed to know from the business side of things.”

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Warren County Grant Applications Result In Over $600k In NYS Funding Awarded For Community Projects

Posted onJanuary 20, 2025

Warren County has been awarded over $600,000 in New York State grant funding to pursue economic development and environmental projects across the county, including money to begin development of a countywide composting facility.

The grants were awarded through the most recent round of Regional Economic Development Council (REDC) funding thanks to the work ofWarren County Department of Planning & Community Development, assisted by Warren County Department of Public Works.

In all, $602,665 was awarded by New York State to Warren County for projects that will focus on cleanup of potentially contaminated properties, improved handling of organic waste, better handling of road salt and more.

Said Kevin Geraghty, Chairman of the Warren County Board of Supervisors: “The Warren County Board of Supervisors would like to thank New York State for trusting Warren County with funding for these important projects, and Warren County staff for successfully applying for these grants. This funding will help improve our environment through better handling of organic waste and storage of road salt, and help us work toward addressing the regional housing crisis by identifying properties that can be redeveloped. Our Warren County staff is ready to put this funding to good use.”

Said Ethan Gaddy, Warren County Planner: “The Planning Department is pleased with this year’s awards because they demonstrate that by developing good plans we can position our communities to capture funding for projects that improve quality of life, environmental health, and the economy. The funded projects are aligned with ongoing planning efforts such as the County’s Comprehensive Plan, Outdoor Recreation Economy Strategic Plan, and Housing Strategy. Continued support for planning efforts from the Board of Supervisors Economic Growth and Development Committee and the County Administrator’s Office has been instrumental in allowing us to pursue grants.” 

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