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Business Briefs: May 2017

Posted onMay 12, 2017May 12, 2017

The Washington County Fair Inc. announced that five $500 scholarships will be awarded for the 2017-18 school year.

Eligible applicants are those students who have been, or are currently active in the fair and who will be students at an accredited institution of higher learning during the 2017-18 term.

The scholarship program was established as an extension of the educational purpose of the Washington County Fair. Scholarships are issued directly to the recipient.

Recipients of the 2016-17 scholarships were Ethan Jacob English of Cambridge, Brianna Getty of Hartford, Kaylah Gulley of Greenwich, Tricia Jordan of Greenwich and Bianca Martin of Hartford.

Applications for the scholarships are available on the Washington County Fair website at www.washingtoncountyfair.com/fair-scholarship.html and must be completed online by Aug. 1.

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Business Report: The Cost of a Mis-Hire

Posted onMay 12, 2017May 12, 2017

To understand why the hiring process is so important, we need to examine what it costs when we make a mistake.

There are hard dollar and soft dollar costs. There is the cost of advertising and recruiter fees. These are Direct Hiring Costs. When you must replace someone, you need to do this all over again, and the original costs are never recovered.

Then there is the issue of what you paid that person while they were in your employ. The actual salary or hourly rate PLUS the 20-30% benefit load PLUS any expenses they incurred that were reimbursed. Add in what you paid to have their computer and cell phone set up, and costs for other tools. Add in what you spent for outside training courses. Add in any severance expenses. Severance can be minimal if they were not there long. However, when you linger in your decision, you are “running up the meter”.

Indirect costs are harder to quantify. Yet, they are far greater. You will need to take time to coach these people. And to listen to complaints about them. That negative energy, drags us all down. Not only is the actual time spent wasted, it makes us less productive at the work we like to do.

It affects not just managers, but other employees as well. They will spend time complaining about your mis-hire. Often, they will have figured it out before you finally admit it to yourself. If they are in a customer facing position, they may have made life bad for a customer or client. You need to spend time repairing that damage. Lastly, they probably missed signals and lost some opportunities to pursue better initiatives that a productive hire would have seen.

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Adirondack Wine & Food Festival Vendors Lined Up For June 24-25 Event In Lake George

Posted onMay 12, 2017May 12, 2017
SUNY Adirondack culinary students prepare food at last year’s Adirondack Wine & Food Festival. Students from the college will again be part of the event on June 24-25 in Lake George.
Courtesy Adirondack Wine & Food Festival

Adirondack Festivals LLC has a long list of  vendors slated for this year’s Adirondack Wine & Food Festival set for June 24-25 at Charles R. Wood Festival Commons in Lake George Village.

“This festival celebrates the bounty of amazing craft beverages and locally made foods that New York has to offer and we’re excited to report that we will have more vendors and variety than ever before,” said Sasha Pardy, co-owner and president of the festival’s presenting sponsor, Adirondack Winery of Lake George.

The vendor list includes 23 wineries, eight distilleries, four breweries, three cideries, 23 artisan food vendors, six specialty vendors, eight food trucks, one local restaurant and a weekend full of culinary demonstrations provided by the SUNY Adirondack culinary students, she said.

“Where else can you discover your new favorite locally made wine, beer, vodka, cider, cheese, salsa, olive oil, garlic sauce, hot pepper jelly, kettle corn or ice cream all in one place? Attendees also love that our food trucks offer a variety of cuisine from classic barbecue and gourmet burgers to empanadas and gyros,” said Pardy.

Festival tasting-ticket holders receive a souvenir festival logo wine glass at entry to use to sample from the hundreds of craft beverages and artisan foods vendors will be offering. Attendees also receive a complementary welcome bag and festival program and tasting guide to navigate their way through the festival and take notes on the products they’ve sampled.

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Adirondack Thunder Hockey Sees Attendance Rise 15 Percent, Highest Increase In The ECHL

Posted onApril 14, 2017November 8, 2017
The Adirondack Thunder hockey team has announced its full season ticket plan for the 2017-18 season. The team is moving forward now under local ownership. Courtesy Adirondack Thunder

The Adirondack Thunder welcomed 101,883 fans into the Glens Falls Civic Center during the 2016-17 regular season, some 13,253 more fans than the 2015-16 season, team officials reported.

According to the organization, Adirondack was one of 11 ECHL teams to see attendance increase from 2015-16 to 2016-17. The team’s 15 percent attendance increase was the largest in the ECHL this season.

“We’re thrilled with the fan support we’ve received this season, leading to three sellout nights at the Civic Center,” team President Brian Petrovek said. “The energy in our building has continued to grow and our players and coaches feel it and are impacted by it. We can’t thank our fans enough for their support and passion in creating a fantastic atmosphere for our team to play in as we begin what we hope is a long and successful playoff run.”

The Thunder saw an average of 368 more fans on a per game basis during the 2016-17 season, bolstered by three sellouts, up from one last season, officials said. The team had two crowds of greater than 5,000 fans, including a franchise record 5,135 fans on Feb. 25.

Officials said the attendance growth began with season ticket sales as the Thunder ranked tied for first in the ECHL with a 97 percent season ticket renewal rate and second in new, full season tickets. Adirondack has already sold over 100 new full season tickets for the 2017-18 season.

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Sale Of ‘The Mill’ Is An Example Of Positive Trend In Commercial Real Estate Activity

Posted onApril 14, 2017November 8, 2017
The Mill of Glens Falls was sold recently to two people in the commercial real estate development field. They plan to add 18 apartments to the second floor.

By R.J. DeLuke

The commercial real estate market in the in the Glens Falls/Lake George area is doing fairly well and for brokers in the field there is a feeling of optimism.

Most recent evidence was the sale of The Mill of Glens Falls which closed recently, brokered by Mark Levack, owner of Levack Real Estate in Glens Falls.

It has been purchased by Mark Rosen of Dawn Homes Management LLC in Albany and Marc Paquin of Cass Hill Development Co. in Clifton Park.

Levack said the owners “are excited to be in Glens Falls” and they received approval from the city in early April to add 18 apartments, bringing the total number of apartments in the six-story complex to 65. The second floor of the structure was never developed.

Space on the first floor, which also is vacant, was designed for retail or restaurant use.

Levack said there were three parties of interest that made offers for The Mill, among them Rosen and Paquin.

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Feigenbaum Cleaners Marks Its Centennial Anniversary; Started In Glens Falls In 1917

Posted onApril 14, 2017November 8, 2017
Feigenbaum Cleaners, based in Glens Falls, first opened for business in 1917. ©2017 Saratoga Photographer.com

 

Feigenbaum Cleaners, one of the oldest dry cleaning businesses in New York state, is celebrating its centennial anniversary.

The company was started in Glens Falls, where it is still headquartered, in 1917 by Herman Feigenbaum and his wife Jennie, both emigrants from Austria-Hungary. They met and married in New York City in 1909.

The Glens Falls shop is at 89 1/2 Bay St., and there is a Queensbury shop at 118 Quaker Road, in Quaker Plaza. Other shops are at 33 Railroad Place in Saratoga Springs and at Wilton Square, 3039 Route 50, and there is one in Latham.

“After working as a tailor for years in the crowded garment factories of New York’s Lower East Side, Herman decided to leave New York City to purchase a tailor shop in Whitehall,” said Todd Feigenbaum, the third-generation owner.

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Michael Consuelo To Retire As Leader Of Lake George Regional Chamber Of Commerce

Posted onApril 14, 2017November 8, 2017
Michael Consuelo, executive director, Lake George Regional Chamber of Commerce. Courtesy Lake George Regional Chamber of Commerce

 

After more than six years as executive director of the Lake George Regional Chamber of Commerce, Michael Consuelo, CHME (certified hospitality marketing executive) is retiring.

Consuelo’s departure will be at the end of the Chamber’s fiscal year, Sept. 30.

The board of directors has launched a search for a new executive director.

“This has been a very difficult decision for me to make,” Consuelo said. “Leading the Chamber has been such a wonderful job. I am sorry I did not get involved in Chamber life a long time ago.”

Consuelo, who resides in Lake George, has worked in the hospitality industry–primarily in hotels and resorts–for most of his career. He has worked for companies such as Hyatt Hotels, Marriott, and the Walt Disney Company. Locally, he assisted in the opening of the Great Escape Lodge.

The local tourism industry is the second largest economic driver in Warren County, behind health care.

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Personnel Briefs: April 2017

Posted onApril 14, 2017November 8, 2017

Glens Falls Hospital announced that Jerry Gretzinger has joined its leadership team as director of communications and marketing.

Gretzinger brings over 20 years of experience in the communications industry to the hospital.

Gretzinger spent many years at WRGB CBS 6 News in Niskayuna, where he was an evening news anchor and reporter. He has worked in communications and marketing management in the theme park industry and higher education and has served as a communications consultant for small businesses and non-profit healthcare organizations.

He has a Bachelor of Arts in communications from Marist College.

* * *

Adirondack Health Institute announced the appointment of Jeffrey Hiscox as chief compliance officer.

Hiscox oversees and monitors the development and implementation of AHI’s compliance program, with a focus on Delivery System Reform Incentive Payment (DSRIP) program compliance requirements.

He also directs methods to improve efficiency and quality of services and reduce vulnerability to fraud, waste and abuse, such as conducting periodic audits, developing effective lines of communication on compliance issues, and preparing, maintaining, implementing, and disseminating written practice standards and procedures.

Hiscox has held a number of roles over a 32-year career at IBM Corp. in Armonk, N.Y., advancing to the rank of risk and compliance officer. In that role, he was responsible for shaping regulatory health for 41 financial services clientele and executing information technology operational risk.

Hiscox has also held the role of chief operating and compliance officer for two organizations–Building Performance Institute in Malta and Greenewit LLC, in Columbia, Md.

He earned a Bachelor of Science degree in management science from Columbia State University in Clifton, Tenn.

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Glens Falls Native Opens Office In Smith Flats Building As Edward Jones Financial Advisor

Posted onApril 14, 2017November 8, 2017
Steve Babson II is an Edward Jones financial advisor with a new office at 55 Bay St., Glens Falls. He helps clients build personalized strategies to achieve their financial goals.

By Jennifer Farnsworth

Steve Babson II started his professional career almost 20 years ago in downtown Glens Falls, and it now appears to be coming full circle.

Today, the Glens Falls native is an Edward Jones financial advisor with a new office at 55 Bay St., Glens Falls.

“I like to say that I started my career a block out of the heart of downtown Glens Falls 17 years ago and I’m finishing a block out of downtown Glens Falls in the other direction. I want to continue to help people as best I can, listen to them intently and create strong plans so they can have the future they envision,” said Babson.

Babson graduated from Glens Falls High School and SUNY Oswego before opening a coffee shop at the old Triad’s building, currently Rock Hill Café. He spent some time with The Chronicle, before working with the Regional Radio Group as a sales representative. He then started to follow a path in business and finance working in banks in both Glens Falls and Mechanicville.

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EDC Breakfast Speakers: State, Regional Agencies Stand Ready To Help Local Business

Posted onApril 14, 2017November 8, 2017
Andrew Kennedy, president and CEO of the Center for Economic Growth, outlined the services his agency can provide at an EDC Warren County breakfast at the Queensbury Hotel in March.

By R.J. DeLuke

“It’s great to see the revitalization in the region, especially in the city of Glens Falls,” said Andrew Kennedy, president and CEO of the Center for Economic Growth (CEG) leading off his remarks at the annual EDC Warren County economic outlook breakfast at The Queensbury Hotel in Glens Falls on March 22.

CEG is the regional economic development organization for the greater Capital Region and New York’s Tech Valley that includes Warren County. He was one of three speakers at the event, each of them with talking points about how public/private partnership and collaboration have helped–and can continue to be a vital part of–local economic development.

Kennedy outlined the services his agency can provide, such as helping attract new business and investment, supporting programs that allow businesses to thrive and preparing communities for development opportunities when they arrive.

Among the specific programs Kennedy viewed as important was the Business Growth Solutions program for small to medium-sized companies in the manufacturing and technology sectors across several industries. CEG team members and third-party partners help businesses find new revenues and increase profitability.

He said it has had a $40 million impact on the area’s economy.

Another highlighted program was Talent Connect, a new program that helps employers recruit and retain skilled workers. It also identifies jobs that are emerging and helps create a skilled workforce for them

“We like to be that sort of connective tissue, that one-stop shop,” for assisting businesses, said Kennedy.

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