Rueckert Advertising adds to client roster
Arrow named to Forbes ‘Most Trustworthy Financial Companies’ list
GLENS FALLS -- Arrow Financial Corporation (NasdaqGS® – AROW), the parent of Glens Falls National Bank and Saratoga National Bank, was recently recognized by Forbes as one of “America's 50 Most Trustworthy Financial Companies” for its accounting and governance practices.
This is the fourth consecutive year the Glens Falls-based company has received a “Most Trustworthy” designation from Forbes. Arrow is the only New York-based bank listed for 2015.
Region's real estate keeps up with the weather
Pending Sales jumped nearly 18 percent over the last year (to 1065) with closed sales increasing 10 percent from July 2014 to 1031 for the month. The play between low inventory levels and rising prices are key factors. Market-wide, inventory levels decreased nearly 9 percent.
Nationwide, the percent share of first-time buyers dipped in July from 30 percent in June to 28 percent. Lawrence Yun, NAR chief economist, points to several challenges first-time buyers face. "The fact that first-time buyers represented a lower share of the market compared to a year ago even though sales are considerably higher is indicative of the challenges many young adults continue to face," adds Yun. "Rising rents and flat wage growth make it difficult for many to save for a down payment, and the dearth of supply in affordable price ranges is limiting their options."
Regionally, prices were up compared to July 2014 causing the Median Sales Price to increase by 9 percent to $220,000. On average, sellers are receiving 95.1 percent of listing price at sale since last year, which favors more activity from sellers.
The housing market has steadily rebounded since June 2009 to once again become a cornerstone of the national economy. Many trends continue to reveal a stable housing market. Federal Reserve Chair, Janet Yellen, has predicted a fine-tuning of monetary policy, and it is widely believed that interest rates will go up before the year is over. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage climbed to 4.05 percent in July from 3.98 percent in June — the first time above 4 percent since November 2014 (4.00 percent) and the highest since September 2014 (4.16 percent).
Greater Capital Association of REALTORS® (GCAR) President, Cathy Griffin, remains optimistic. “It’s been a very busy summer for the REALTOR® in the Capital Region. The lag created by the long winter heated up the real estate market in July and August right along with the weather.
Although interest rates are expected to bump up by 2016, mortgage rates are still remarkably low ”remarked Griffin. “Combined with improved lending standards, higher wages and planned growth for the region we are looking forward to a continued positive market in the coming months.”
GCAR CEO Laura Burns agrees, “The Capital Region’s growing commercial activity is expected to have a favorable impact on the residential sales market for the third and fourth quarters as buyers continue to enter the local housing marker and closings mark the fall calendar.”
The Greater Capital Association of REALTORS® is a professional trade association officially
representing more than 2,800 real estate professionals in the Capital Region. GCAR is the “Voice for Real Estate™ in the Capital Region.
Travers Viewing Party at The Crown Grill - $18.64 Menu and $5 Cocktails
Saratoga-based business American Natural Gas (ANG) announces Georgetown, Kentucky’s first public compressed natural gas station
Empire State Development announces 2015 Entrepreneurial Assistance Program awardees
- Provided services to 77 new and prior year clients;
- Helped start or retain 18 businesses;
- 38 businesses increase their sales by $3 Million;
- 29 businesses expanded or retained 177 employees;
- 19 loan packages were secured resulting in $753,500 in financing; and
- 25 business plans were created.
- Provided services to 56 new and prior year clients;
- Helped start or retain 10 businesses;
- 11 businesses increase their sales by $1.2 Million dollars;
- 10 businesses expanded or retained 121 employees;
- 7 loan packages were secured resulting in $205,000 in financing; and
- 15 business plans were created.
- Provided services to 81 new and prior year clients;
- Helped start or retain 30 businesses;
- Helping 19 businesses increase their sales by $840,818;
- 20 businesses expanded or retained 259 employees;
- 10 loan packages were secured resulting in $214,500 in financing; and
- 15 business plans were created.
Daydream.io Corporation participates in Technology Center ribbon cutting ceremony
- Troy’s first Virtual Reality Software Company locates at the Quackenbush Building.
TAG Solutions acquires NextGen Communications
Communication services throughout Upstate and Central New York, announced today it has acquired NextGen Communications, a provider of Telephone and Communication platforms to small and medium businesses in the Capital Region. The acquisition builds on the success, strength, technical capability, and product offerings of each firm.
"The purchase of NextGen Communications allows TAG Solutions to accelerate our expansion into the small and medium business market." stated Joe Yetto, President of TAG Solutions. "This is a great story of two established technology firms joining forces to leverage complementary organizational strengths and provide the best possible products and services to our cherished customers.”
“I am very excited,” said John Corrigan, Owner of NextGen Communications. “Joining the TAG Solutions team offers me the freedom and flexibility to spend more time with my customers. I’m looking forward to providing them with services that I have historically not been able to offer. This is a winning move for everyone involved.”
The acquisition supports the immediate and long term growth strategies of TAG Solutions because the combined entities will now service a far larger share of the local market. It also expands the product and service portfolios of the two firms which will provide more options and choices for existing and future clients.
TAG Solutions is not resting on its laurels and will continue to seek acquisition targets during the execution of its strategic plan. The plan documents an aggressive growth strategy for the organization over the next three years.
"This is a really exciting time," said John D. Flory III., VP and Partner at TAG Solutions. "The NextGen announcement is the first step in a series of building blocks designed to help our company grow. We are growing our team, expanding our reach into new markets and satisfying the emerging demands and needs of our customers"
About TAG Solutions
TAG Solutions was founded in 1991 with one objective; simplify the inherent complexities of information technology for our precious customers. Technology has radically changed since we first opened our doors for business but, our approach has remained true and we continue to demystify a confusing and often expensive business function for CEO’s and Information Technology executives. We specialize in Network Security and Compliance, Managed Services, Cloud Computing and Unified Communications.
About NextGen Communications
NextGen Communications was founded in 2001 and provided affordable technology solutions to the SMB community in the Capital Region and surrounding areas. With deep industry expertise, broad technical resources and an emphasis on customer service, NextGen can mobilize the right people, skills, and technologies to help you achieve your business goals. NextGen takes pride in delivering innovative, cost-effective products and services.
New luxury apartments contribute to Cohoes revitalization
Warehouse 71 Ribbon Cutting and Open House
Thursday, August 20th at 4:00pm
71 Canvass Street Cohoes, NY 12047
On Thursday August 20th at 4:00pm, Bonacquisti Brothers Construction and Paragon Residential
Management will host a community event to celebrate the revitalization taking place in the city of
Cohoes with the introduction of the Warehouse 71 apartments. The event will feature a ribbon cutting
and open house providing the community a look into this newly renovated historical building of luxury apartments.
Warehouse 71, a $2.7 million dollar investment, is an “Adaptive Reuse” project that renovated a
historical warehouse originally built in 1883. Adaptive Reuse is the process of reusing an old building for a purpose other than what it was originally built or designed for. The Warehouse was built by C.M. Blaisdell to serve the textile and knitting trade in the bustling city of post-Civil War Cohoes. Close attention was paid to maintaining and preserving the original structure and interior features of the Canvass Street Warehouse.
“Our goal was to be respectful of the original building and its Architectural features, while transforming it in to a modern and unique facility.” – Paul Bonacquisti, Bonacquisti Brothers Construction.
The luxurious apartments feature affordable pricing and high end finishes including granite countertops, hardwood floors, stainless steel appliances, washers and dryers in every unit, exposed brick and wood beams, high ceilings, and large “tombstone-style” windows. Each of the 22 apartments is unique from the rest giving this building character that can’t be found in most modern day apartment communities.
“These new apartments are a great addition to our revitalization efforts in the City of Cohoes. This
community will help to bring more residents to the area and we thank Bonacquisti Brothers
Construction for making this investment in the City of Cohoes.” – City of Cohoes Mayor George Primeau.
“Preserving and restoring historic buildings such as Warehouse 71 give the community character while providing functionality at the same time. This building will serve as a historical marker in Cohoes, NY for years to come.” – Julian Adams Bureau of Community Preservation Services – NYS Parks, Recreation, & Historic Preservation.
The principal owners include Paul Bonacquisti, John Bonacquisti, and Sean Curtin. Bonacquisti Brothers Construction has specialized in both residential and commercial construction since 1985 and has worked extensively on projects throughout New York State. Paragon Residential Management has more than 20 years of experience having helped finance, develop, and/or manage over 3,000 multifamily units.
For more information about Warehouse 71, please call 518-640-4080 or visit
Saratoga National Bank Appoints Regional Managers
Empire State Development announces 200th patent earned by FuzeHub
RJ Murray Co. named authorized distributor for RenewAire
GreyCastle Security joins with national cybersecurity institute to provide education
GreyCastle Security is a cybersecurity consulting firm focused on risk management, awareness and operational security. Our company was established to counter rapidly evolving cybersecurity threats and manage risks in people, process and technology. We bring a client perspective to everything we do. We provide assessments, training, testing, and response capabilities to organizations of all sizes, types and industries. We bring passionate practicality to cybersecurity.
Laberge Group welcomes new Project Assistant and Administrative Assistant
ALBANY - Laberge Group welcomes Ms. Michelle Alexander to the firm as Project Assistant. Coming from Vermont, Ms. Alexander has extensive experience in processing and reviewing grant applications, contracts, permitting regulatory compliance, and project administration.
Laberge Group has provided engineering, architecture, surveying and planning services since 1964. Our diverse portfolio of successfully completed projects and community plans, coupled with an experienced core of project management and design staff, provides clients creative, integrated and
Laberge Group also welcomes Ms. Doreen Kilventon as an Administrative Assistant. Ms. Kilventon comes to Laberge Group with over 20 years of experience in creating and maintaining project manuals, developing data processes, compiling project bid proposals, providing desktop publishing assistance and IT troubleshooting.
Laberge Group has provided engineering, architecture, surveying and planning services since 1964. Our diverse portfolio of successfully completed projects and community plans, coupled with an experienced core of project management and design staff, provides clients creative, integrated and distinctive solutions.
For more information on Laberge Group, please visit www.labergegroup.com.