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Personnel Briefs: July 2017

Posted onJuly 12, 2017

The Hyde Collection announced the promotion of three staff members, Colette Broestler, Kayla Ditlefsen and Keri Dudek.

Broestler, who has served as administrative assistant for the past two years, is the new external affairs associate. In this role, she will manage the museum’s donor database system and support department activities including membership, cultivation, and special events.

Working under Director of External Affairs Tawn Malison, Broestler will provide support for development goals and marketing strategies.

Ditlefsen was hired as administrative assistant after a year as visitor services associate. She will provide general office support, including monitoring and maintaining the phone system, and will lead the visitor services staff.   

Dudek has worked as part-time educator since October. She moved into a full-time position beginning July 10.

Dudek works with museum educator Jenny Hutchinson to develop curriculum for the Hyde’s educational programs, and leads children’s activities including Tours for Tots, ARTfull Afternoons, and workshops.

***

Silver Bay YMCA announced that Nick Rama will join its team as development director,  starting July 31.

Nick Rama

In this role, Rama will take charge of the development activities at Silver Bay YMCA, which funds the organization’s many free outreach programs such as the Ticonderoga Teen Center, Cancer Respite program, Clergy Respite program and Military R&R program.

Rama worked for the last several years as the senior development officer at SUNY New Paltz. Prior to that, he spent 18 years at the Culinary Institute of America in several roles, including senior director of annual giving and significant giving, senior director of advancement operations and associate director of corporate relations.

***

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Saratoga Sundress Opens Its Fifth Clothing Store For Women On Warren Street, Glens Falls

Posted onJuly 12, 2017
Saratoga Sundress, a trendy boutique featuring tops, tunics, skirts, rompers and cocktail dresses for women, is a new shop on Warren Street in Glens Falls.

By Jennifer Farnsworth

Fans of Saratoga Sundress can now enjoy the trendy boutique a little further up the Northway.

The company’s  fifth location opens July 14 in Glens Falls at 10 Warren St.

Jessica Hoesel, a manager for the company, said the Glens Falls store will operate under the belief that when a women enters a room, she should feel confident and special. Hoesel said unlike chain and department stores, they choose each piece very carefully and make sure they carry each article of clothing in three sizes, hoping their customers will own something that is unique to them.

“We want our customers to always be the best dressed girl in the room,” said Hoesel.

The Glens Falls store will stay in line with the fashions of the other locations, including their signature sundresses. The store has much more than just sundresses, said Hoesel. It carries a variety of  tops, tunics, skirts, rompers, and cocktail dresses. For the colder months they carry coats and sweaters. They also carry accessories year round.

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Woman Fulfills Lifelong Dream, Will Open Her Own Pizzeria On Broadway In Fort Edward

Posted onJuly 12, 2017
This is the logo for Stumpy’s Pizza, a business that will be located at 165 Broadway, Fort Edward, once renovated. Owner Amy Stumvoll says she has a ‘passion for pizza.’

By Jennifer Farnsworth

Amy Stumvoll has been making pizza since she was 18 years old. Working her way up to manager at a pizzeria, she started thinking of what it would be like to own her own place.

Originally from central New York, she worked and managed pizzerias in that area for 15 years. Then she worked for Caputo’s Pizzeria in Saratoga Springs for another nine years. When the opportunity came to take the next step and run her own business, she believed the time was right. Her Fort Edward pizza place, Stumpy’s Pizza is located at 165 Broadway, will open after renovations are complete.

Stumvoll named the business after a fictional moose character, based on her  husband’s childhood nickname.

“I wanted something fun and memorable and Stumpy’s fit the bill perfectly,” she said.

For Stumvoll, Stumpy’s will not be just another pizza place. The dedication she has to the industry will be reflected in the food and atmosphere of the restaurant.

“Pizza has been my passion since I picked up my first dough ball. I truly love everything about this industry, from the constant movement, to the staff, to the relationships that are formed with customers,” she said.

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Businesses In Warren,Washington Counties Received Awards At SBA Event In Albany

Posted onJuly 12, 2017
From left, George Scala and Kristen Vanderwarker, both of ICC Management and Consulting, Ross Pancoe of the 504 Company and Bernard J. Paprocki of the SBA at the association’s awards event.
Courtesy SBA

Two area small businesses were recognized during National Small Business Week at the U.S. Small Business Administration’s 19th annual Small Business Excellence Awards luncheon in Albany in May.

Small businesses are selected for the Excellence Awards based on their company’s longevity, innovation, sales growth, increased employment, ability to overcome adversity or community contributions.

Glens Falls National Bank & Trust Co. honored the Bullpen Tavern based in Glens Falls with a the Small Business Excellence Award. The tavern, a downtown Glens Falls sports bar and restaurant, was started by four high school friends, Paul Bricoccoli, Jr., Scott Endieveri, David Krogmann, Jr., and Jason Krogmann.

In 2013, a fire in an upstairs apartment burned the interior. The partners undertook a complete renovation and re-opened nine months later with a new look. The new Bullpen Tavern also has a second-floor banquet space for 100 guests and two third-floor apartments.

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Glens Falls Hospital Names New Chief Medical Officer, VP Of Physician Practice Management

Posted onJuly 12, 2017
Benjamin Katz was named chief medical officer at Glens Falls Hospital.
Courtesy Glens Falls Hospital

Glens Falls Hospital announced that Dr. Benjamin Katz of Saratoga Springs was named vice president of medical affairs and chief medical officer.

The hospital also announced that Patti Hammond of Ray Brook was named vice president of physician practice management.

Katz succeeded retiring CMO Dr. Robert Pringle effective July 3.  Katz was previously the associate CMO. Pringle will remain at the hospital as an internal physician consultant through Dec. 1.

“We are incredibly fortunate to have Ben on our team and have witnessed his outstanding dedication and passion for his work.  His vision and commitment to high quality patient-centered care will be a tremendous asset to Glens Falls Hospital as we continue to grow and expand our services,” said Dianne Shugrue, president and CEO of Glens Falls Hospital.

In addition to his role as associate chief medical officer, Katz also served as associate medical director of the Emergency Department at the hospital.

Previously, he worked in the Emergency Department at Albany Medical Center as associate residency director and director of quality assurance.

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Adirondack Thunder 2017-18 Schedule Will Kick Off At Home Against The Brampton Beast

Posted onJuly 12, 2017
The Adirondack Thunder home 2017-18 regular season, which consists of 36 home games, will begin on Saturday, Oct. 14, at the Glens Falls Civic Center.
Courtesy Adirondack Thunder

The Adirondack Thunder hockey team has released its regular season schedule for the 2017-18 ECHL season, their third as a member of the ECHL.

The home schedule, which consists of 36 home games, will begin on Saturday, Oct.  14, as the Thunder take on the Brampton Beast at the Glens Falls Civic Center at 7 p.m., the first time that the Thunder have opened the regular season at home.

The 2017-18 home schedule will conclude on Friday, April 6, as the Thunder take on the Manchester Monarchs in a rematch of both the 2015 and 2016 Kelly Cup Playoffs.

The Thunder’s home schedule is highlighted by 13 Saturday home games and 12 Friday home dates for a total of 25 games on those evenings. The schedule also contains three Sunday home games making it the most weekend heavy schedule in three seasons in the ECHL, team officials said.

The 2017-18 schedule will be rounded out with two Tuesdays and six Wednesdays.

All Friday and Saturday home games will begin at 7:00 p.m., with the exception of Saturday, March 17, which will begin at 3 p.m. for a St. Patrick’s Day celebration. Sunday games will begin at 3 p.m., with the exception of the annual New Year’s Eve game, which will start at 5 p.m.

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Business Briefs: July 2017

Posted onJuly 12, 2017

Glens Falls National Bank and Trust Co. was recently named to Seifried & Brew’s “Top 15th Percentile of Community Banks,” list based on its performance in 2016.

It is the bank’s third consecutive year being recognized.

To create the list, Seifried & Brew measured how institutions with assets between $10 million and $30 billion balanced risk and reward, using its total risk/return composite ranking system.

The Bethlehem, Pennsylvania-based company specializes in education and analysis for community banks. More information can be found at seifriedbrew.com.

* * *

The Adirondack Thunder, in partnership with UA Local 773, has donated $15,800 to the Dog Tag Brewing Foundation, which supports and enhances Gold-Star Families, the families of our nation’s fallen military members.

The Thunder and UA Local 773 have supported the military in each of the last three seasons, holding Military Appreciation Night in December each season. The two organizations have combined to raise over $30,000 in total from jersey sales, ticket proceeds and 50/50 donations from fans.

The Dog Tag Foundation grants support organizations and local projects of remembrance, large or small, new or existing. They offer free services to start new charities and improve existing ones that carry out remembrance projects and share the stories of service and sacrifice, inviting Americans to get involved.

* * *

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Business Report: Planning For Peace Of Mind

Posted onJuly 12, 2017
Brian M. Johnson, director of business development. New York Long Term Care Brokers Ltd.

By Brian M. Johnson, MBA, CLTC

If you’re approaching age 50 or thinking of retirement, keep this acronym in mind “SWAN.”

Surveys from folks in this retirement planning age group are interesting because these concerns are almost always in their answers to questions such as:  What do you worry about after your working years are over?

Here are some top concerns:

• Outliving my money.

• Keeping my nest-egg secure (no or little risk of principal).

• Dying too soon.

• Becoming sick or disabled which in turn could eat up my retirement nest-egg.

• Becoming dependent on my children.

• Leaving a meaningful and significant legacy to my children/grand-children/charity.

These concerns are real-life and can happen to any of us without proper planning

This is where my “SWAN” comes in. It stands for Sleep Well at Night.

If you have this SWAN wish for yourself or a parent/family member, then you need to speak with a competent financial/insurance advisor that knows about a fairly new financial-insurance product that is extremely popular to folks approaching age 50 and above. 

It combines long term care, critical illness and life insurance along with tax advantaged cash value build up that can be used as an annuity income stream for retirement.

Read More

People Getting Older, Wanting To Downsize, Have Options Available In The Region

Posted onJuly 12, 2017
Tom VanAernem, owner of VanAernem Realty and Associates, recommends people look into senior housing or look into building their own homes when considering downsizing.

By Liz Witbeck

One trend in the real estate field in recent years is that people want less space as they get older. People are looking for something smaller and more affordable. This is especially common with folks who have retired.

“Ninety percent of people who walk through our doors are looking to downsize,” said Vickie Rehberg a real estate salesperson for Better Way Realty in Fort Edward.

Rehberg moved to New York four years ago from Florida, where she was a licensed Realtor. She has extensive experience working with buyers looking to downsize.

Rehberg herself knows how it feels to downsize a home, because she did it herself. When living in Florida, she lived in a home that was more than 3,000 square feet. When she decided to move to New York to be closer to her son, she purchased a home that was less than 1,000 square feet.

“It’s a big relief” said Rehberg. “You think, ‘Why didn’t I do this sooner?’”

For people looking to retire, Glens Falls, Queensbury and the surrounding region offer many options.

Read More

Business Report: Mid-Year Economic Outlook

Posted onJuly 12, 2017
Stephen Kyne, partner, Sterling Manor Financial LLC.
Courtesy Sterling Manor Financial LLC

By Stephen Kyne

We’re halfway through 2017, so it’s time to take a look at how the year is progressing, and where we see the remainder of the year going, in terms of risks and opportunities in the economy.

The economy has grown at a faster-than-expected pace so far this year. First quarter GDP has been revised up, twice, and well exceeds expectations. Almost all of the S&P has reported earning for its first fiscal quarter of the year, and are trending toward a year-over-year growth of upwards of 20 percent (12 percent, not including the energy sector). These are largely due to top line revenue increases, meaning that increased profits are largely due to business growth, rather than cost cutting. We expect this trend to continue throughout the year.

Inflation is holding steady, in line with 2016 figures, at roughly 2 percent. Some inflation, perhaps counter-intuitively, is fundamentally good for the economy. When we expect goods and services to be more expensive tomorrow than they are today, we make purchases today, which means inventories need to be replenished, which puts people to work and gives them money to spend on the things they want and need. Without some inflation, the economy stagnates.

Another driver of spending this year may be interest rates. The Fed increased rates another .25 percent in June, as was expected. With the Fed finally making good on promises to increase the rates they charge banks, we’ll see that increase reflected in higher mortgage rates. The expectation of higher future rates pushes fence-sitting potential buyers into the housing market. As a result we’ve seen, and will likely continue to see, increased sales of new and previously owned homes. The same will likely be true of any purchases which are typically made on credit, including automobiles and business capital items.

An asset class that may be hurt by rising interest rates, however, would be bonds – specifically many bond funds. As newly issued bonds carry higher interest rates, the value of previously issued bonds, with relatively lower interest rates, should decrease. These changes should be reflected in the overall value of the funds that hold them.

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