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Study Shows Workforce Housing In The North Country Is Facing A Severe Crisis

Posted onOctober 22, 2024

By Paul Post

Enough timber comes out of the Adirondacks to build a boardwalk stretching from Queensbury to California and back.

A project like that would generate worldwide attention without serving any practical purpose.

Recent studies say a great deal more lumber should be used to build much-needed workforce housing that’s vital for sustaining a healthy, vibrant local economy.

“The North Country region is facing a severe and growing workforce housing crisis that threatens to further constrain economic growth, negatively impact local workers’ and households’ quality of life, and disrupt the balance between a year-round and seasonal population.”

That’s one of the key findings in “Building Balanced Communities for the North Country,” a report prepared for the Lake George-Lake Champlain Regional Planning Board focused on Essex, Clinton, Franklin and Hamilton counties.

Similar concerns, although not quite as severe, are raised in a separate “Affordable Housing Strategy” study prepared for the Town of Queensbury.

It says housing cost stress in this Warren County community hasn’t reached crisis levels yet, but will likely increase significantly in the near future because many categories of housing costs for both owners and renters are expected to increase at a rate roughly double the expected increase in household income growth.

“Indeed, by 2027 both renters and owners will have a unit gap at all income levels up to 120 percent of median income “ . “there is likely to be a significant affordability problem” . “and units affordable at or below the 30 percent-of-median income threshold will be largely unavailable leading to many households becoming ‘housing cost burdened’,” the report says.

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CFO+ Provides A Number Of Key Business Services To A Wide Variety Of Clients

Posted onOctober 22, 2024
Sabrina Houser is the owner of Capital CFO+ in Saratoga Springs.
Courtesy of Capital CFO+

By Christine Graf

After two decades of working in the non-profit sector, Schenectady native Sabrina Houser established Capital CFO+ in 2017. The Saratoga Springs-based company provides business management solutions to companies and non-profits of all sizes. 

“We focus on five key areas–accounting, marketing, administrative services, business management services, and non-profit management services,” said Houser. “Our services include human resources, payroll, recruitment, grant writing, and leadership training.” 

Prior to opening her own company, Houser was the CEO and CFO of Big Brothers Big Sisters of the Capital Region. It was while working there that she came up with the idea of opening her own business. 

During the past seven years, Capital CFO+ has experienced rapid growth. Houser now has 40 employees, all of whom work remotely as well as on-site with clients. Her staff includes five directors, each director responsible for one of the five services the company offers. 

According to Houser, Capital CFO+ has a diverse client base, one that is split equally between companies and non-profits.

“Our clients include doctors, lawyers, construction companies, and property management companies. On the non-profit side, we have youth organizations, historic organizations, and foundations. We also have a couple of universities that partner with us for their foundations.”

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Local State Farm Agent Serves Her Clients While Contributing To The Community

Posted onOctober 22, 2024
Paula Traina is a State Farm agent in Queensbury and Glens Falls.
Courtesy of State Farm

By Ann Donnelly

Paula Traina, a dedicated State Farm agent with offices in Queensbury and Glens Falls, has built a thriving business rooted in community involvement and a passion for helping others. With a strong foundation in the insurance industry and a commitment to personal and professional growth, Traina has positioned herself as a trusted advisor and a valuable asset to the local community.

Traina’s journey with State Farm began in the corporate offices, where she gained a deep understanding of the company’s operations and the insurance industry as a whole. Her experience in various departments gave her a well-rounded perspective that has been instrumental in her success as an agent. She spent most of her career in the Claims area, with the last few in Corporate Learning and Development, which involved a lot of travel.

Driven by a desire for greater autonomy and a desire to impact her community significantly, Traina opened her first State Farm agency in Queensbury in 2018. 

“I was all over the country helping roll out different initiatives and training employees to learn those initiatives. It just became a lot from a family perspective, so I started to explore opportunities and see what I could do that would keep me home,” said Traina. “State Farm approached me. They planned to put a brand new agent here and asked if I was interested.”

Starting an agency was a big transition, but Traina’s dedication and strategic approach quickly led to growth and success. 

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Every Penny Bookkeeping Provides A Suite Of Services To Help Its Clients Succeed

Posted onOctober 22, 2024
A variety of services are offered by Lourene Bouffard through Every Penny Bookkeeping.
Courtesy of Every Penny Bookkeeping

By Ann Donnelly

Lourene Bouffard, the founder of Every Penny Bookkeeping & Business Services, is a passionate entrepreneur on a mission to empower business owners with financial clarity and confidence. With decades of experience, Bouffard offers a unique blend of expertise beyond traditional bookkeeping.

“I’ve found that bookkeeping is the starting point, but we do much more than bookkeeping. When you delve into the numbers, you gain a deeper understanding of the business,” Bouffard explained.

Bouffard’s journey began with a desire to become a CPA. However, after witnessing the struggles of small business owners firsthand, she made a bold decision. 

“After about 20 years or so working in different industries and having various roles in management, payroll, and business advising, I decided that I wanted to go off on my own and do more for businesses that are struggling.”

She realized many businesses lacked the foundational knowledge and systems to achieve financial stability and growth. Seeing this frustration fueled her desire to help bridge this gap and allow business owners to take control of their finances. 

“There are so many people who have great business ideas, but they are not sure how to run a business, don’t know how to watch their finances, don’t know what they’re looking for, don’t have the right processes, or the right people needed for their business to succeed financially,” she said.

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Floral Divine Provides The Complete Range Of Floral Arrangements For Weddings

Posted onOctober 22, 2024
Weddings are a speciality for Floral Divine’s owner Mindy Ryzuk.
Courtesy of Floral Divine

By Jill Nagy

Floral Divine, Mindy Ryzuk’s shop at 21 Cooper Street in Glens Falls, focuses on preparing floral arrangements for wedding and other events. She is just coming off her busiest wedding season, from April to October, when she decorates between 10 and 18 weddings.

Ryzuk has been a floral designer for 30 years, mostly with a florist in Allendale, New Jersey, and has had her own business for four and a half years. 

Floral design is almost a sideline for Ryzuk. She is also a massage therapist. In fact, her space in the Shirt Factory is divided in two by curtains and a large cooler for flowers. On the other side of the cooler is the massage studio.

For weddings, Ryzuk can provide the whole package: bridal bouquet, table pieces, candles, arches and other large structures. She begins by consulting with the bridal couple. She finds that some people know exactly what they want; others have a color scheme and budget in mind and they work from there. 

Most of the flowers come from a distributor in Albany. She also buys flowers from local growers when they are in season. 

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ARCC Business Awards Honor Achievements of Local Businesses And Nonprofits In 2024

Posted onOctober 22, 2024
Celebrating excellence at the 2024 ARCC Business Awards, recognizing businesses and nonprofits for their remarkable contributions to the community.
Courtesy of ARCC

By Amanda Blanton

The Adirondack Regional Chamber of Commerce (ARCC), along with 250 guests, gathered at the Queensbury Hotel Conference Center in early October to celebrate 44 nominees across seven categories at the annual ARCC Business Awards. The event, held annually, is the culmination of months of preparation by a group of volunteers and ARCC staff. The result is a beautiful breakfast ceremony honoring the accomplishments of the business community.

The nomination process began in May, resulting in a record number of nominations. Throughout the summer, the volunteer Business Awards Nomination Committee met with and interviewed each nominee. After completing the interviews, the committee reconvened to discuss key takeaways and score the nominees.

After hearing brief summaries of each business and nonprofit, the winners for 2024 were announced:

Large Nonprofit of the Year: Behavioral Health Services North (BHSN), celebrating 150 years of service, focuses on providing mental health treatment, rehabilitation, and support to families in the North Country.

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Building On Last Year’s Momentum, Adirondack Thunder Coaches Are Confident Of Strong Year

Posted onSeptember 25, 2024September 25, 2024
Veteran forward Ryan Smith will once again contribute significantly to the scoring tally when the Adirondack Thunder take to the ice for their 2024-2025 season.
Photo by Andy Camp

By Paul Post

The Adirondack Thunder captured the ECHL’s North Division and Eastern Conference championships last year with a franchise record 97 points.

They also drew an all-time high 4,239 fans per game including 16 sell-out crowds, and their extended six-week playoff run saw gross revenues reach $4 million.

Profits have been invested in both on- and off-ice improvements to make the fan experience even better as the Thunder set their sights on bringing a Kelly Cup championship home to Glens Falls next spring.

“The arena and team had their best year ever, which is real exciting as we head toward 2024-25,” said Jeff Mead, Thunder and Cool Insuring Arena general manager. “When this team started 10 years ago we sold 550 season tickets. Last year it was just north of 1,600 and we expect to be over 2,000 this season. So we’re pretty excited about where we are as an organization.”

The Thunder recently signed Head Coach Pete MacArthur and Assistant Coach Mike Bergin to new two-year deals. It was just over 24 months ago that MacArthur, a rookie head coach, inherited a last-place team that hadn’t made the playoffs since 2019.

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Glens Falls Currently Undergoing Significant Revitalization With Plans For Future Projects

Posted onSeptember 25, 2024
Timber beams are set as construction continues on the 6,000-square-foot South Street Market Square project.
Glens Falls Business Journal photo

By Paul Post

Raul’s Mexican Grill is offering new menu items to keep up with growing competition, and its owner has expanded his business footprint to stay at the forefront of Glens Falls’ fast-paced revitalization.

“When I started in October 2007 there wasn’t much here,” Russ Porreca said. “I could list the restaurants that were open at the time. Now we’re saturated with Mexican restaurants.”

In response, he’s bringing back popular fried chicken and waffles, previously offered at the former Chicken Shack, which he owned adjacent to Raul’s near Centennial Circle. Raul’s will also feature hardwood smoked brisket, beef and pork dishes.

In February 2021, Porreca purchased the former Dizzy’s Chicken building at 72 South Street, near the intersection of Broad Street, with plans to move Raul’s there when his lease at 164 Glen Street expired.

But in May, he purchased the downtown building, home to 162 and 164 Glen Street, for $800,000. The three-story building, at the corner of Hudson Avenue, has upstairs apartments in addition to first-floor commercial space.

Porreca recently leased his South Street site to long-time chef Shannon Hart-Hume who plans to open a unique new restaurant by early December, tentatively named Bastard Restobar. The eatery will have an eclectic menu offering Korean, Italian, Mediterranean and Middle Eastern dishes.

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NBT Bancorp Expands Footprint Into Western New York By Merging With Evans Bancorp

Posted onSeptember 25, 2024

NBT Bancorp Inc. (“NBT”) (NASDAQ: NBTB) and Evans Bancorp, Inc. (“Evans”) (NYSE American: EVBN) has announced they have entered into a definitive agreement pursuant to which Evans will merge with and into NBT. This merger will bring together two highly respected banking companies and extend NBT’s growing footprint into Western New York.

“We are enthusiastic about this opportunity to partner with Evans and are confident it is a high quality and incredibly impactful way to expand NBT’s presence into Western New York,” said NBT President and Chief Executive Officer Scott A. Kingsley. “Adding the greater Buffalo and Rochester communities to the markets served by NBT is a natural geographic extension of our footprint in Upstate New York where we have been very active and successful for nearly 170 years.”

The combined organization will have the highest deposit market share in Upstate New York for any bank with assets under $100 billion and will result in a network of over 170 locations from Buffalo, NY to Portland, ME.

NBT’s primary subsidiary, NBT Bank, N.A., has 154 locations in seven northeastern states. With 107 of those locations in Upstate New York, NBT’s banking franchise currently stretches west to east from Syracuse to the Capital District and north to south from Plattsburgh to Binghamton and the Hudson Valley. Evans, headquartered in Williamsville, NY had assets of $2.26 billion as of June 30, 2024, and 18 locations in the Buffalo and Rochester markets.

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Local Businesses And Civic Groups Support Tri-County United Way’s Kids With Packs Program

Posted onSeptember 25, 2024

Tri-County United Way has announced its partnership with Nemer Motor Group in leading the Kids With Packs program, which supports local schools. 

Joining forces this year are partners including the Lions Club of Glens Falls, the Charles R. Wood Foundation, Target and The Post-Star. 

This program ensures students across Warren, Washington, and Northern Saratoga counties have essential school supplies, setting up local schools for a successful start to the academic year.

The success of this year’s Kids With Packs program is further bolstered by the dedication of a record breaking number of volunteers who participated in the Kids with Packs Assembly Day held at Nemer Ford on August 23. 

Leading up to the assembly and distribution of supplies, Tri-County United Way works closely with local educators and community leaders throughout the academic year to identify areas of greatest need per school. This proactive approach ensures that resources and funds raised for this program are allocated where they will have the most significant impact, particularly in under served communities.

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