Glens Falls Business Journal

Glen Street Associates To Renovate Former Red Cross Building Into Commercial Space

February 14, 2020February 14, 2020

This is a rendering of what 74 Warren St. in Queensbury will look like after renovation.
Courtesy Glen Street Associates renovation.

By Christine Graf
Renovation and restoration work is underway on the former Red Cross building at 74 Warren St. in Glens Falls.
Glen Street Associates purchased the approximately 5,000-square-foot property for $182,000.
According to Peter Hoffman, president of Glen Street Associates, 74 Warren St. is his company’s first 1940s-era building. In addition to specializing in the restoration of old buildings, the Glens Falls-based company also develops, owns, and operates apartment, commercial, office, and hospitality properties in Warren, Washington, and Saratoga counties.

Adirondack Trust To Build New Branch In Queensbury, Then Close Glens Falls Office

February 14, 2020February 14, 2020

This is a rendering of a new Adirondack Trust Co. branch office that will be built at 79 Main St. in Queensbury. It will have bank services on the first floor and conference rooms on the second.
Courtesy Adirondack Trust Co.

By Jill Nagy
Adirondack Trust Co. is planning to construct a new branch office at 79 Main St. in Queensbury. It will replace the present branch on Maple Street in Glens Falls.
Construction will begin as soon as the weather allows, according in Charles Wait Jr., executive vice president.
“We are stymied by the weather. It’s not exactly the best weather to be digging,” he said. Once construction can begin, they are “targeting an eight-month schedule.”

Saratoga Eagle’s Sales And Service Growth Leads To Plans To Expand Its Warehouse

February 14, 2020February 14, 2020

Jeff Vukelic, president and chief executive officer, Saratoga Eagle Sales and Service, says the company is expanding its local warehouse as business continues to grow for the company.
©2020 Saratoga Photographer.com

By Rachel Phillips
After years of growth, Saratoga Eagle Sales and Service is expanding its Saratoga warehouse.
Saratoga Eagle Sales and Service is a beverage distributor, which delivers products to restaurants, pubs, convenience stores, grocery stores, concert venues and other retailers all over the area.
Currently, they provide service in counties from Albany, Schoharie and Rensselaer all the way up to Franklin County.
Recently, the company acquired Plattsburgh Distributing in Clinton County, prompting the need for more storage space, officials said. The warehouse, located at 45 Duplainville Road in Saratoga Springs, will be expanded 30,000 square feet, and will then encompass a total of 165,000 square feet to help meet increased demand.

Hudson Headwaters Plans To Build New, $10 Million Primary Care Center In Glens Falls

February 14, 2020February 14, 2020

Hudson Headwaters Health Network plans to construct a new primary care center on Larose Street in Glens Falls.
The proposed facility will replace Hudson Headwaters Health Center on Broad Street.
Hudson Headwaters has received grant funding from the state of New York as part of its Statewide Health Care Facility Transformation Program. The total capital investment in the new space will be approximately $10 million.

SUNY Empire Study: Freelance Employees Would Create A Pool For State, Federal Jobs

February 14, 2020February 14, 2020

Seven in 10 freelancers would consider moving, thanks to job flexibility, creating a large pool of potential residents attractive to state and local governments, according to a policy brief developed by SUNY Empire State and Rockefeller Institute’s new Future of Labor Research Center.
The joint Future of Labor Research Center explores the growth of the mobile workforce and examines economic development initiatives aimed at attracting and maintaining these workers.
The research brief on the growth of the mobile workforce said as the mobile workforce expands, policy makers are looking to implement new strategies to attract them.

Express Employment Professionals Opens An Office In T.J. Maxx Plaza In Saratoga Springs

February 14, 2020February 14, 2020

Jordan Modiano opened an Express Employment franchise in Saratoga Springs.
©2020 Saratoga Photographer.com

By Christine Graf
Express Employment Professionals, a locally owned small business, opened its second Capital Region location in December.
It is located in the T.J. Maxx plaza on Route 50 in Saratoga Springs. Owner Jordan Modiano opened his first Express Employment franchise in Albany in September 2015.
“To put it simply, we help people find jobs, and we help companies find employees,” he said.
A Long Island native, Modiano moved to the area in 1999. He had a 20-year career in advertising and marketing before purchasing the franchise. Express Employment Professionals was founded in 1983 and has more than 780 franchise locations in the United States, Canada, and South Africa.
“I wanted to do something that made a difference in people’s lives and the community that I live in,” Modiano “That’s been something I’ve wanted to do for a long time.”
According to Modiano, his franchise currently specializes in providing employment services to several specific employment sectors.

Providing Retirement Options For Employees Leaves Business Owners With Many Options

February 14, 2020February 14, 2020

Richard J. Fuller is a CPA with offices in Glens Falls.
Courtesy Richard J. Fuller, CPA

By Susan E. Campbell
Small business owners have the flexibility to choose whichever type of retirement plan they desire to accumulate a future nest egg on a tax-deferred basis. But that doesn’t mean the decision is easy, or that the company may need to change to a different plan in years ahead.
“Each of the four basic types of defined contribution plans has advantages and drawbacks,” said Laurie A. Stillwell, CPA, in Saratoga Springs.
“My job is to talk through what the business owners’ goals are and direct them to the plan that checks those boxes,” she said.
“Companies are not stuck in a plan once they have it,” said Richard J. Fuller, CPA in Glens Falls. “But if there is to be a switch, it has to be done right.”
“There is no one-size-fits-all with retirement plans,” said Stillwell. “A plan may work well for the first five years, but in year 10 or 15, it may no longer fit.”

Business Report: Why New Hires Fail

February 14, 2020February 14, 2020

Michael Cruz, president of Lighthouse Advisors LLC in Queensbury.

By Michael Cruz
According to a study by Leadership IQ, 46 percent of newly-hired employees will fail within 18 months, while only 19 percent will achieve unequivocal success.
According to their study, the reasons for failure are more focused on these topics:
• Coachability (26 percent): The ability to accept and implement feedback from bosses, colleagues, customers, and others.
• Emotional Intelligence (23 percent): The ability to understand and manage one’s own emotions and accurately assess others’ emotions.
• Motivation (17 percent): Sufficient drive to achieve one’s full potential and excel in the job.
• Temperament (15 percent): Attitude and personality suited to the particular job and work environment.
• Technical Competence (11 percent): Functional or technical skills required to do the job.

Business Briefs: February 2020

February 14, 2020February 14, 2020

Glens Falls National Bank and Trust Co. was recognized as a 5-Star Superior bank by BauerFinancial, Inc., a bank rating and research firm.
Glens Falls National has earned this designation for the past 51 consecutive quarters, which secures its prominent position as an “exceptional performance bank.”
To earn 5 Stars, banks must excel in areas of capital quality, asset quality and profitability, according to Karen Dorway, president of BauerFinancial.

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Glens Falls Collaborative will hold a networking mixer highlighting the wellness and human services sector from 5:30-7 p.m. Tuesday, Feb. 18 at the Glens Falls Karate Academy, 28 Ridge St., Glens Falls.
Members, prospective members, and member business guests are welcome.

New York State Craft Beer Competition Is Expected To Receive 1,000-Plus Submissions

February 14, 2020February 14, 2020

The New York State Brewers Association (NYSBA) is accepting submissions for its fourth annual New York State Craft Beer Competition.
Sponsored by 1886 Malt House, it is open to all licensed breweries in the state. NYSBA is expecting to receive over 1,000 beer submissions for the 2020 competition.
It will be held on March 14 in Rochester, with the help of Raise a Glass Foundation, an organization with expertise in coordinating beverage competitions. It will bring together 60 of the most respected and influential people in the New York beer industry to judge the submitted beers, including brewmasters, cicerones, educators, retailers and industry writers and consultants.