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7/28/2016 :: Albany, NY :: Albany Jobs :: Contests :: Blogs :: Advertising :: Deals :: My Account :: My Planner :: Sitemap :: Pay Bill

Local Albany Business Headlines

Can Democrats find a way to woo small business owners?
PHILADELPHIA – When it comes to concerns that small business owners attending the Democratic National Convention have, they are very similar to those expressed by Republicans, particularly overly burdensome regulations. While a plurality of small business owners are Republicans, these Democrats believe their party could woo people like them if they made a more targeted effort. “I don’t think the Democratic Party does a good job at all of courting or talking to small business owners,” said…
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Renovations begin to convert old Troy Record building into apartments
The conversion of the former Troy Record building into 101 loft-style apartments and retail space has begun in downtown Troy, New York. The Rosenblum Cos. in Guilderland is taking on the $23 million-plus renovation of the vacant building at 501 Broadway. A ceremonial groundbreaking was held today. The project includes demolishing a portion of the former newspaper offices and building a new addition. Ground-floor retail space will be available along 5th Avenue and Broadway. Balzer + Tuck Architecture…
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Scenes from Day 3 of the DNC
President Barack Obama led the list of political heavyweights on the DNC roster Wednesday with a speech that defended his record, built up Hillary Clinton, and attacked Donald Trump. "America is already strong. And I promise you, our strength, our greatness, does not depend on Donald Trump," Obama said. Other speakers included Vice President Joe Biden, former New York Mayor Michael Bloomberg and Vice Presidential nominee Tim Kaine. For scenes from day three of the Democratic National Convention,…
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Beer industry's biggest-ever merger deal may be in trouble (Video)
Shares in Molson Coors Brewing Co. tumbled Wednesday amid reports that a long-planned merger of beer making giants — a merger under which Molson Coors would assume full control of its U.S. business — may be running into trouble. Shares in Denver- and Montreal-based Molson Coors (NYSE: TAP) closed at $93.13, down about 5 percent from the previous day’s close of $98.11. At one point the price dipped below $91. As a side-effect of the planned purchase of SABMiller plc by Belgium-based Anheuser-Busch…
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DNC Notebook: Bloomberg says Trump a “risky, reckless and radical choice”
Billionaire and former New York City Mayor Michael Bloomberg pitched himself as a sort of nonpartisan national ombudsman on Wednesday night at the Democratic National Convention. He ripped apart GOP nominee Donald Trump’s business record and told Americans they should elect Hillary Clinton, “a sane, competent person with international experience.” The independent billionaire who founded the privately held news and financial information company, Bloomberg L.P., had weighed a third-party candidacy…
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One Monument Square back on the radar in downtown Troy
Three months after the death of the latest proposal to redevelop One Monument Square in Troy, New York, city officials will ask the public for input on the future of the prime downtown real estate. A public forum will likely be scheduled in late August to talk about the next steps for the 1.2-acre vacant property on River Street. Based on the feedback, the city will write a new request for proposals that would be issued in early fall, said Steven Strichman, commissioner of planning and community…
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First look inside Pioneer Bank's new headquarters
Pioneer Bank is putting the last few touches on its new headquarters near the corner of Wolf and Albany Shaker roads in Colonie, New York. The bank has been investing heavily in the new headquarters and its branch network to give Pioneer a more regional presence. Employees are expected to move in at the end of August. Check out the slideshow to see how construction is coming along. Visit this story for an in-depth look at Pioneer's construction and rebranding. Pioneer Bank is No. 12 on the Business…
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Small business owner: Clinton will be successful because ‘women govern differently’
PHILADELPHIA – Janet Carson is unabashed and unashamed about why she backs Hillary Clinton for president. “First off, I’m a woman. I know I’m not supposed to say that,” said Carson, who owns an independent insurance agency. “I identify with her, and she identifies with me.” Carson started Solon, Ohio-based Insurance Diversified in 1971 out of a bedroom in her house. She and her husband, Terry, have seen the business expand to $5 million in gross revenues and have 10 full-time employees.…
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Workers' comp rate hike is 'hugely problematic,' an 'annoyance,' manufacturing execs say
Jack Parrish of Blasch Precision Ceramics said a recent increase in workers' compensation costs will continue to raise the costs of doing business and make it harder for New York manufacturers to compete. "It just takes us out of the competitive arena. For us, it's another big barrier for doing business," Parrish said. He's the president and chief operating officer at the manufacturer of custom ceramics. The Menands company employs about 120 people. New York's insurance regulator last week approved…
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Momentive makes "final" offer in union contract negotiations
Sealant and resin manufacturer Momentive Performance Materials has made a "final" offer to its 745 union employees as the company seeks to end two months of contract negotiations. The Waterford, New York, company is the fourth largest manufacturer in the Albany region with 1,000 employees who make silicone materials used in electronics, construction and a wide range of auto parts from ignition cables and powertrain seals to door panels and car wax. Momentive began negotiating in early June with…
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