The Paycheck Protection Program (PPP) has been a very effective federal program designed to provide a direct incentive for small businesses to keep their staff on payroll during the COVID-19 Pandemic. The successful program had been extended until 5/31/2021, but the supply of money authorized to be lent under the program has run out. This means that many businesses who were still hoping to get some support to offset costs and lost revenues will not receive the boost that the program has provided.
Travel’s ability to bounce back after periods of economic hardship—and inject much-needed revenue directly into Saratoga County’s economy—is why the theme of this year’s National Travel and Tourism Week (NTTW) was the Power of Travel.
SARATOGA SPRINGS — The Saratoga Springs Preservation Foundation, in partnership with the Preservation League of New York State, will offer local real estate and design professionals an exclusive opportunity to learn about marketing historic properties while earning three continuing education credits.
SARATOGA SPRINGS — Northshire Bookstore opened the doors to its Saratoga Springs store on an August day in 2013, affecting in innumerable positive ways the downtown landscape of the Spa City. This week, it begins a new chapter.
GLENS FALLS — The Board of Directors of Arrow Financial Corporation on April 28 declared a quarterly cash dividend of $0.26 per share payable June 15, 2021, to shareholders of record on June 2, 2021. This represents an increase of 3% over the cash dividend paid in the second quarter of 2020, as a result of the 3% stock dividend distributed on Sept. 25, 2020.
SARATOGA SPRINGS — The Downtown Business Association thanks Zac and Corrina King of King Enterprises/King Hose, Bob Giordano and Michele Erceg of Best Dressed Windows for their volunteer efforts to bring Santa Claus to the community last year during the DBA Victorian Streetscapes. The "Santa Claus is Coming to Town" effort placed Santa Claus on a King Hose firetruck where he visited young and old alike in the neighborhoods of Saratoga Springs.
SARATOGA — The Gateway House of Peace, a not-for-profit organization offering hospice care, has been serving the Saratoga County region since 2014 as a safe, comfortable and caring home for terminally ill patients.
Gateway House has always relied on the generosity of this community for support, as they are a donor-driven community organization which receives no insurance reimbursements or government funding, and care for residents and their families is at no fee to them.
In an effort to become more self-sustaining, Gateway House is seeking to open a Thrift Store that would allow to build upon the fundraising success the organization has had in the community with yard sales. With that goal in mind, Gateway House is seeking the donation of a building or location that could be used for such a Thrift Store. Gateway House of Peace believes this gift would allow them to achieve a longevity of service for our community.
The most disruptive global crisis in more than 100 years presented an extraordinary challenge to culture and business, throttling the public and private life as we wrestled with a remedy for the pandemic and the disruption it caused. New routines like social distancing and remote working became “the normal.” Despite that negative impact, a positive paradigm shift developed in information security and even opened new paths for solutions where none previously existed.
As a small business owner, having the right tools and resources is crucial for stability, growth and continued success. The same is true with your company’s banking relationship. When you partner with a financial institution, you want as much value and support as possible — both financially and strategically.
MALTA — Globalfoundries is relocating its headquarters to Malta, the site of Fab 8, the company’s most advanced semiconductor manufacturing facility.
GF has invested more than $15 billion in its Fab 8 facility over the last decade to support innovation and manufacturing capacity. In 2021, the company is doubling its planned investment to expand global capacity, with $500 million targeted for Malta alone.
On Broadway: work continues at the former Saratoga Downtowner hotel, antisipated to reopen in early June as a Lark Hotel – which has properties in seven different U.S. states. The new venture is expected to keep the “Downtowner” name.
Less Football, More Twang
SARATOGA SPRINGS —The Phila Street site that formerly housed Peabody’s Sports Bar is slated to be reopened prior to the summer season as Nashville of Saratoga. The venue promises a “Nashville style country bar” and live events.
Job interviews will be held May 2 through May 4 and positions available include experienced cooks, bartenders, hosts and dish-washers. Go to: nashvilleofsaratoga.com.
Strings Go Silent on Broadway
SARATOGA SPRINGS — Matt McCabe, who for decades owned and operated several Saratoga Guitar locations in and around the community, died in January at his home from complications of COVID-19.
Last week, the shop on Broadway located next to City Hall, posted the following message:
After a great deal of consideration, we have decided to close Saratoga Guitar permanently. It pains us to do this, but after considering multiple avenues for its continuation we have come to a personal conclusion: Matt was the store.
Even if the store continued to exist in some form, it wouldn’t really be Saratoga Guitar.
Thank you to everyone who has supported us over the years.
New Tailgate and Party Shop Opens on Phila
SARATOGA SPRINGS —The spot long-occupied by Four Seasons on Phila Street reopened on April 25 as the Tailgate and Party Shop. The shop relocated from its previous Caroline Street location and features entertainment for the entertainer - unique gift ideas, family and drinking games, hosting supplies, balloons, party goods and unique Saratoga items.
“You can honestly take an hour to just walk through here,” says owner Kirsten Lambert, who opened the initial store last June in a rented building on Caroline Street, and has since purchased the building where the new shop stands. Open every day of the week. Go to: tailgateandparty.com.
Rockefeller Capital Management Grows into New Office Location in Saratoga Springs
SARATOGA SPRINGS — Rockefeller Capital Management this week announced the relocation of its Saratoga Springs location, the headquarters of its Family Office business. The new office will host all 40 employees in the Saratoga area.
Led by Saratoga-based President of the Family Office Timothy O’Hara, the business serves ultra-high-net-worth families through an expanded offering of investment, tax and estate planning, strategic advisory, and trustee services, while creating access to strategic partnerships providing risk management and lifestyle-enhancing services. The business complements Rockefeller’s other practices, including Private Wealth Management, Rockefeller Asset Management and Strategic Advisory offerings.
To support the growing Family Office business and the complex needs of its clients, Rockefeller has relocated to the 3rd floor of 321 Broadway, to accommodate its growing team of senior client advisors and multigenerational wealth planning experts. This space will enable socially distant and COVID-safe protocols and allow for an increase in collaboration among employees by consolidating from two small floors to one larger floor.
Across the U.S., Rockefeller counts a total of 677 employees in 23 locations as of March 31, 2021.
Woman-Owned Tech Company Celebrates 25 Years In Business
SARATOGA SPRINGS — In 1996, Beth Weise Moeller, Ph.D., founded Interactive Media Consulting, LLC (IMC) as a website development company. Over the past 25 years, IMC has grown and evolved into a full-service digital marketing agency keeping pace with the ever-changing online world.
When Moeller established her woman-owned business, the digital profession was in its infancy, and tech-savvy women were a rarity. At the time, there were less than 260,000 registered websites around the world. Today, twenty-five years later, there are over 1.6 BILLION websites registered internationally. Yet even as computers, the internet, and digital and social media have changed and grown at an astounding rate, women remain significantly underrepresented in the information and technology sector, accounting for approximately 25% of industry professionals.
Every year since its founding, IMC has given back to the community, supporting dozens of nonprofits and local organizations with digital marketing assistance. Over the years, IMC has worked with many youth or arts organizations, providing ongoing support to ensure continued growth and success.
A passionate advocate for the arts and entrepreneurship, Moeller has long been committed to promoting artists and counseling small businesses. In 2015, Moeller introduced Arts Spark, a division of IMC established to “Help Artists With The Business of Being An Artist.” In 2019, Moeller launched The Innovation Center at Saratoga, Inc., a nonprofit collaborative makerspace where artists, entrepreneurs, and community members join together to learn, create, and innovate. Moeller’s vision includes programs where students can explore STEM in a hands-on environment.
IMC is a full-service website and digital marketing firm. Services include website design and programming, branding, content creation, print collateral materials, and hosting. Go to: www.imediaconsult.com.
SARATOGA SPRINGS – Stewart’s Shops traces its origins back more than 75 years when the Dake brothers purchased a small dairy and ice cream business in Ballston Spa. Family and employee owned, it is now run by second and third generations of the Dake family.