Leather retailer closing after 30 years in Latham
Russ & Rebel Leathers is closing its doors after 30 years in Latham, New York, as changing tastes in clothing and the rise of online retailing cut sales by more than half over the past decade.
Owner Russ Principe said leather coats, pants, vests and other mainstays of his business at 922 Troy-Schenectady Road largely fell out of fashion in the early 2000s other than with his core group of customers -- motorcycle riders.
Principe also didn't adapt when many retailers started selling their products… Read More
Dough rising at The Cookie Factory's new, bigger bakery
It took two years and $1 million in renovations and new equipment, but The Cookie Factory finally opened its new commercial bakery in Troy, New York -- a huge step for the growing business owned by brothers Chris and Joe Alberino.
The move from the small, cramped bakery in the rear of the retail store at 520 Congress St. into the large, roomy bakery at 41-61 River St. -- a former meat processing plant near Russell Sage College -- happened last week.
"It was exhausting but we managed it," said Chris… Read More
This year's class of 40 Under 40 winners: Where they got their work ethic
Kevin O'Leary's father used to tell him he could stop playing a sport at the end of the season, but he couldn't quit once he started playing.
"That philosophy has always stayed with me and impacts everything I do today," O'Leary says.
O'Leary, now director at Marvin and Company P.C. accounting firm in Latham, New York, says his parents' influence shaped his work ethic.
Parental influence had a big impact on the 2015 class of Albany Business Review 40 Under 40 honorees
Sports and extracurricular… Read More
Six startup events to add to your May calendar
The growing number of networking events in Albany, New York is part of what is driving the area's startup culture.
These networking events are a way for students, entrepreneurs and investors to meet and talk about new ideas or businesses. Some of the events are established, some are new. Some events have a more formal structure and dress code. Others are less formal and more social.
Here are six events for budding entrepreneurs or investors to check out this month:
Startup Tech Valley: Wednesday,… Read More
New jobs at IBM plant in Vermont ahead of GlobalFoundries acquisition
IBM is hiring 100 employees at its semiconductor plant in Vermont as GlobalFoundries awaits federal approval to acquire IBM's computer chip business.
Vermont Gov. Peter Shumlin said IBM's 100 new employees in Essex Junction near Burlington are expected to join the 5,000 IBM employees in Vermont and East Fishkill, New York who have received job offers at GlobalFoundries. Many of the IBM employees will remain at their current locations.
GlobalFoundries is a computer chip maker that has invested $10… Read More
Port Authority delays LaGuardia terminal decision, again
The Port Authority of New York and New Jersey has waffled over which firm will redevelop LaGuardia Airport’s Central Terminal for months, and at the agency’s latest board meeting ,decided to delay at least another month before choosing a builder.
The two consortiums still in the running for the contract -- expected to be worth about $4 billion -- agreed to the delay, in part to provide more time for them to consider and adjust to proposals issued by a design panel created by New York Gov. Andrew… Read More
Medical marijuana dispensary proposed in Clifton Park
North Country Roots, an upstate New York startup company, is seeking permission to open a marijuana dispensary in Clifton Park.
Douglas Butdorf, president of the Plattsburgh company contacted the town last week to discuss the plan said Supervisor Phil Barrett. North Country Roots also is seeking a state license to produce medical marijuana in a business park in Plattsburgh with four dispensaries scattered around upstate.
"This obviously is brand new for Clifton Park," Barrett said. "There is nothing… Read More
Kenwood Convent back on market after Bonacio deal falls apart
The religious order that owns the Kenwood Convent in Albany, New York will continue trying to sell the secluded property after plans for a $30 million conversion of the historic buildings into luxury apartments fell apart.
Last month, developer Sonny Bonacio withdrew his request for tax breaks from the Albany Industrial Development Agency that he said was crucial to financing the costly, high-risk venture.
The two sides were unable to agree on the terms of a stipulation that would have reduced… Read More
It's hoppy hour in New York
One of the hottest businesses right now is craft beer. And several brewers around the Albany, New York region are making upstate a destination for people who appreciate unique brews.
In the next few years, craft beer brewed in New York state will be more distinct.
The drinking habits of the millennial generation is driving the growth in the industry. Millennials are not loyal to brands, especially the traditional big-name brands, in the way earlier generations have been. That may be challenging… Read More
Let the New York state money games begin
Gov. Andrew Cuomo likes a little competition.
His fifth annual Regional Economic Development Council competitions officially started on Thursday. New York's 10 regional councils are competing for $750 million in state economic development money. They have until September 21 to finalize proposals. It was previously reported the due date was July 1.
Seven upstate regions also are competing for an even bigger pot of $1.5 billion in Upstate Revitalization Initiative money. The upstate regions will… Read More