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Business Report: When Can You Choose Retirement?

Posted onAugust 15, 2022
Meghan Murray is a financial advisor with Edward Jones Financial in Glens Falls.

By Meghan Murray

If you’re like most people, your work has been a central part of your life. So, wouldn’t it be nice to have the flexibility to decide when you no longer want to work?

Many people of retirement age have achieved this type of control. In fact, two-thirds of workers ages 65 and older say they work primarily because they want to, not because they have to, according to a 2021 study by Edward Jones and Age Wave. 

But that means that one-third of workers in this age group feel financially compelled to work. This doesn’t necessarily mean they dislike the work they do — but it’s probably fair to say they would have liked the option of not working. How can you give yourself this choice?

You can start by asking yourself these questions: 

• When do I want to retire? You’ll want to identify the age at which you wish to retire. You may change your mind later and move this date up or back, but it’s a good idea to have a target in mind. 

• What sort of retirement lifestyle do I want? When you retire, do you anticipate staying close to home and pursuing your hobbies, or do you hope to travel the world? Would you like to spend your time volunteering? 

Read More

Report: Increasing Minimum Staffing At Long Term Care Facilities Will Cost Billions

Posted onAugust 15, 2022

The American Health Care Association (AHCA), representing more than 14,000 nursing homes and other long term care facilities across the country, released a new report from accounting and consulting firm CLA (CliftonLarsonAllen LLP), which found that increasing staffing minimums at the federal level will require billions of dollars each year to hire tens of thousands of more caregivers. 

CLA estimated the impact of implementing a staffing minimum of 4.1 hours per resident day (HPRD) and concluded:

• 94 percent of nursing homes that care for more than 900,000 residents would need to increase staffing levels in order to be in compliance with such a requirement.

• It would cost $10 billion a year and require hiring more than 187,000 nurses and nurse aides to meet the standard.

• 18 percent of residents, or more than 205,000 residents, may be at risk of displacement as facilities are forced to potentially reduce their census in order to meet the higher staffing standard.

“This report makes it crystal clear that increasing staffing standards in nursing homes requires substantial and consistent government resources. Even then, nursing homes would have the impossible task of finding another 187,000 nurses at a time when vacant positions sit open without applicants for months on end. The unintended consequences of this sort of unfunded mandate would be devastating to hundreds of thousands of vulnerable residents who could be forced out of their nursing home,” said Mark Parkinson, president and CEO of AHCA.

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Warren County Ranked Second To Albany County In Annual Business Formation Growth

Posted onAugust 15, 2022

Warren County ranked second to Albany County in annual business formation growth, according to the Center for Economic Growth (CEG).

The CEG recently published an analysis of U.S. Census Bureau data that shows 13,743 businesses in the eight-county Capital Region filed for an employer identification number (EIN) with the IRS in 2021—a 45 percent year-to-year increase.  

 CEG said Warren County’s growth can be partially attributed to the increasing desire for residents to maintain a healthy work/life balance, which is coveted since the onset of the COVID-19 pandemic. However, a balanced lifestyle is not possible if businesses and employees do not have access to reliable broadband connection. 

The ongoing efforts of EDC Warren County provided widespread expansions of broadband throughout the county, removing a major obstacle for sustainable business growth in the region, officials said. 

 “Broadband availability is a critical component of business formation growth in Warren County and the Adirondacks. Since the beginning of the pandemic there have been close to 3,000 addresses connected to fiber-based service particularly in the more rural areas of the county,” said John Wheatley, EDC Warren County vice president. 

“Having access to high-speed broadband enables many people to easily transition to remote work opportunities and we see that trend continuing in the post pandemic era.”  

He said access to world-class recreational activities and tourism destinations enrich both the personal and professional lives of county residents. Warren County offers a network of municipal parks, among stunning sites like Lake George (“Queen of American Lakes,”) West Mountain, Gore Mountain and the 1980 Olympic Center in Lake Placid.  

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ARCC Board Names Tricia Rogers As President And Chief Executive Officer

Posted onAugust 2, 2022August 2, 2022
Tricia Rogers is the new ARCC president and CEO.
Courtesy ARCC

Tricia Rogers is the new president and CEO of the Adirondack Regional Chamber of Commerce (ARCC), the board of directors announced on Aug. 1.

The appointment is effective immediately.

The announcement was made after a months-long search following the retirement of previous ARCC president Michael Bittel.

“On behalf of the ARCC board of directors, I am extremely excited to share the news that we have promoted Tricia Rogers to the position of president and CEO,” said Marc Monahan, said ARCC board chair and regional executive vice president of NBT Bank.

“After an extensive search process by the executive team and board of directors, we came to a unanimous decision to select Tricia to lead our organization. The passion and dedication Tricia has for both ARCC members and our community clearly set her apart from the other candidates during the process. We are looking forward to her stepping in to the role of CEO immediately and are excited to support her in this transition,” he said.

Rogers began her relationship with the ARCC as an ambassador in her early career, and took on the role of membership manager in 2016. She has since worked closely with ARCC members, and the greater business community, on building relationships, promoting growth, and supporting the community in volunteer positions.

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Queensbury Hotel Celebrates Grand Opening Of Adirondack Ballroom Expansion Project

Posted onJuly 25, 2022July 25, 2022
Officials cut the ribbon to mark the unveiling of the Queensbury Hotel’s new Adirondack Ballroom and newly renovated event spaces. Hundreds attended the event. ©2022 StockStudiosPhotography.com

Hundreds attended the ribbon cutting ceremony on July 21 unveiling the Queensbury Hotel’s new Adirondack Ballroom and newly renovated event spaces.

The $3.8-million renovation features 4,000 square feet of event space, combined with the transformation of over 4,000 square feet of existing event space.

The project included the expansion of the Adirondack Room, the renovation of the Warren Room and the addition of both an outdoor patio space and a brand-new banquet kitchen.

The Adirondack Ballroom was the biggest undertaking of the project.

“The Adirondack Ballroom addition not only continues our mission of returning our city’s Queen back to the top of our region’s hospitality offerings, but also gives us the ability to attract larger conferences, increase the size of social gatherings and continue to hold more and more community events,” said Tyler Herrick, general manager of The Queensbury Hotel and president of Spruce Hospitality Group.

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New Lake George Visitor Interpretive Center Also Serves As HQ For Park Commission

Posted onJuly 14, 2022
The is the new Lake George Visitor Interpretive Center opened by the state DEC at 75 Fort George Road within the Lake George Battlefield Park.
Courtesy DEC

The state Department of Environmental Conservation (DEC) opened the new Lake George Visitor Interpretive Center on May 25.

The new facility at 75 Fort George Road will enhance the visitor experience at DEC’s Lake George Battlefield Park and also serve as the new headquarters for the Lake George Park Commission, officials said.

“DEC and our partners at the Lake George Battlefield Park Alliance are dedicated to preserving the beauty and history of Lake George through interpretive work and public education,” DEC Commissioner Basil Seggos said. “The VIC will provide park visitors with a welcoming and inclusive space that guides them on a historical journey through artifacts and interpretive displays.

“Bringing DEC, the Lake George Battlefield Park Alliance, and the Lake George Park Commission under one roof demonstrates the close partnerships working together to improve visitor education, recreation, and conservation in this environmentally unique and historic region of New York.”

Read More

West Mountain In Queensbury Features Many Outdoor Activities For The Summer

Posted onJuly 14, 2022
Guests ride the chairlift up West Mountain, taking in the scenic views of the Adirondack and Vermont mountains and the Hudson River Valley region.
Courtesy West Mountain

As the summer season gets into full swing, so does West Mountain and its array of outdoor activity offerings, including biking, an aerial treetop (high ropes) adventure, mountaintop yoga, scenic chairlift rides and hiking, mountaintop picnic packages, summer camps, birthday pizza parties, and weddings or events.

West has more than 25 cross-country and downhill mountain biking and hiking trails, as well as multiple mountaintop locations. New this summer is the Music on the Mountain with live music, vendors, activities and fireworks from 4-10 p.m. on Aug. 20, sponsored by DeCrescente and eight of its brand partners.

.“We look forward to the summer season at West just as much as the winter,” said Sara Montgomery, general manager of West Mountain. “We pride ourselves on being a year-round destination for local and out of town guests. It’s our goal to create memorable family or group adventures that people look forward to year after year.”

West Mountain is located at 59 West Mountain Road, just 3 miles off the  Northway Exit 18, in Queensbury.

It is open through Labor Day weekend, 9 a.m. to 4 p.m.

Read More

ARCC’s Leadership Adirondack Program Returns After Two-Year COVID-19 Hiatus

Posted onJuly 14, 2022

The Adirondack Regional Chamber of Commerce (ARCC) is brining back its Leadership Adirondack program after a two-year hiatus during the COVID-19 pandemic.

ARCC has partnered with Catamount Consulting to offer a program consisting of leadership training class time, paired with industry tours throughout the region.

“ARCC is thrilled to introduce the revamped and elevated Leadership Adirondack program for the fall of 2022, facilitated by our partners at Catamount Consulting. After putting the program on pause during the pandemic, we are excited to offer a full, in-person program for this year’s participants,” said Marc Monahan, ARCC board chair and regional executive vice president  of NBT Bank.

Catamount Leadership Training believes that “understanding human behaviors and valuing relationships are the pillars on which highly engaged cultures are built upon. With Gallup reporting that nearly $500 billion dollars is lost annually in the United States due to unengaged teams, it is Catamount’s mission to provide the young leaders of our community with not only the knowledge, but the tools necessary, to develop compassionate, emotionally agile and high performing teams within their organizations,” the company said in a statement.

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Queensbury Hotel Prepares To Open Its New Adirondack Ballroom With Other Amenities

Posted onJuly 14, 2022
This is a rendering of the new Adirondack Ballroom at the Queensbury Hotel.
Courtesy Queensbury Hotel

The Queensbury Hotel’s brand-new Adirondack Ballroom expansion is set to open on July 21. 

Hotel officials said the space will be debuted at a ribbon cutting ceremony sponsored by the Adirondack Regional Chamber of Commerce and the Lake George Regional Chamber of Commerce. 

 The 5,200-square-foot expansion project includes a complete renovation and enlargement of the Adirondack Ballroom, update of the Warren Room, the addition of a patio space and a new state-of-the-art kitchen. 

The addition, with state-of-the-art kitchen facilities, is located to the right of the building’s rear entrance,

The hotel is now booking weddings, conferences, meetings and events for the new spaces for later this year and beyond.

Read More

Personnel Briefs: July 2022

Posted onJuly 14, 2022

Brian Bearor was recently named Stored Technology Solutions Inc. (StoredTech) vice president of sales. 

Bearor has served as the CEO at the Family YMCA of the Glens Falls Area for 12 years and the Y Movement for 29 years. 

He has held both national and community leadership positions that include serving on the Adirondack Health Institute board of directors and as former vice chair of the Adirondack Regional Chamber of Commerce board of directors. He also served as chair of the National YMCA of the USA Small and Midsized CEO Cabinet and the State Alliance of New York State board of directors.

Bearor received a bachelor’s degree from Green Mountain College. 

***

SUNY Adirondack announced the appointment of John Delate, Ph.D., as vice president of enrollment and student affairs. 

Delate has more than 22 years of experience in higher education at public institutions in New York and New Jersey. He most recently served as associate vice president for student services at Monroe Community College. 

He previously served as associate dean of student affairs at Purchase College and executive director of Residence Life at Montclair State University. Early in his career, he served in the Peace Corps in Liberia, West Africa, and coached college football. He is an adjunct professor of communications at Purchase.  

In his role at SUNY Adirondack, Delate oversees Student Affairs, which includes the college’s Educational Opportunity and TRIO SSS programs, and Student Engagement and Diversity Initiatives; and Enrollment, which includes Athletics, College Access, Enrollment Systems, Financial Aid, Student Success and Marketing and Communications. 

Delate earned bachelor’s and master’s degrees in social sciences from Manfield University (Pennsylvania), and master’s and doctorate degrees in American History from Clark University (Massachusetts). 

***

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