College basketball tournament will bring $2.2 million boost to downtown Albany
The return of the men's and women's MAAC basketball championships to downtown Albany, New York next week will generate a $2.2 million impact on the economy.
The Metro Atlantic Athletic Conference tournament means big business for the city, filling up 2,645 hotel rooms, $1.36 million in direct sales and nearly $900,000 in indirect sales, according to Michele Vennard, president and CEO of the Albany County Convention and Visitors Bureau.
"Tournaments like this put a big focus on us as a destination,"… Read More
The New York Daily News may be sold soon
The New York Daily News may be sold soon.
Owner Mort Zuckerman told staff in an email today that he has hired the firm Lazard to explore sale possibilities, according to Capital New York.
"I have not come to this decision easily," Zuckerman wrote, according to Capital. "But I believe the immense hard work in turning the business around in an extremely challenging period for the industry, has put the Daily News in as strong a position than it has ever been, particularly online."
Zuckerman acquired… Read More
Apple sends invite for an event, and it's probably for Apple Watch
Apple has sent out invitations to an event for March 9, tagging it "Spring Forward" — a reference to Daylight Savings Time that seems to point to a glitzy release of the Apple Watch.
The Verge reports that we're likely to get a nailed-down timeframe for the release of the Watch, which is to be sometime in April. It's also likely that we'll get an update on the watch's functionality, possibly a downgraded one.
Reports surfaced earlier this month that there were issues with some of the watch's… Read More
Google pushes Android for Work after Apple's IBM deal
Can Google Inc.'s Android woo the cubicle dweller before Apple Inc. does? The Mountain View-based Web search company launched Android for Work on Wednesday in hopes of winning over white-collar workers and their employers.
That market — people at work — is drawing more and more companies' attention. Apple allied with former cultural opposite IBM Corp. to spread iPhones and iPads throughout the business community. Younger companies like Box Inc. and Dropbox Inc. are also seeking their place in… Read More
Kohl's CEO weighs in on minimum wage debate
The chief executive officer at Kohl's Corp. isn't making any promises on minimum wage, but wage hikes from competitors could apply pressure.
Wal-Mart's decision to raise minimum wages is rippling through the retail industry, prompting an analyst to ask Kohl's president, chairman and CEO Kevin Mansell for his take on the issue Thursday during a conference call with analysts and investors.
"We have a pretty robust and successful system in place to assess the competitive market across the whole country,… Read More
Health co-op CEO on dealing with consumer complaints
Millions of people are buying brand new health insurance plans tied to the Affordable Care Act, and how consumer complaints get handled is an important part of the federal health care law's story.
One of the people leading the push to expand coverage options is Debra Friedman, president and CEO of Health Republic Insurance of New York, the largest of several health co-ops created under the Affordable Care Act to increase competition among insurers.The co-ops, or consumer operated and oriented plans,… Read More
Restaurant owner finds niche in Albany's catering market
Ric Orlando caters multiple weddings each weekend, often preparing food around a different theme for each event.
The most requested package is Hudson Country wedding. Entree options include maple glazed, bacon wrapped, smoked Gouda stuffed meatloaf, Korean fried chicken tenders and Thai BBQ portobello mushrooms, with appetizers and sides.
Orlando has built a reputation as a chef who offers innovative menus. Last fall, Orlando and his business partner and wife, Liz Corrado, opened New World Catering… Read More
Founder of computer consulting firm dies
Robert B. Quick, founder and former CEO of Tailwind Associates, a computer consulting firm in Schenectady, died suddenly Feb. 18. He was 71.
Quick was on vacation in Florida when he died, according to an obituary published in The Daily Gazette of Schenectady.
Tailwind Associates was the second-fastest growing computer consulting firm in the Albany region in 2013, with revenue of $11.2 million, according to Albany Business Review.
Quick was one of three businessmen who started an incubator in 2012… Read More
Gov. Cuomo to take first trade mission to Cuba
New York will be the first state to go on a trade mission to Cuba since President Barack Obama opened trade between the United States and Cuba last month.
Gov. Andrew Cuomo will head to Cuba on April 20, according to a statement from Cuomo's office. Several government officials and businesspeople will be joining him.
"This mission will be a tremendous stepping stone for our state's relationship with Cuba, and will help open the door to a new market for New York businesses," Cuomo said.
The trip… Read More
Off The List: Five questions with Ron Oakley, M+W U.S.'s new CEO
Multinational engineering and high-tech contracting firm M+W U.S. is a part this week's Engineering Firms List — coming Friday! — but is better known for its contracting work, including on two game-changing projects in the region, the SUNY Polytechnic campus in Albany and GlobalFoundries plant in Malta.
Former CEO Rick Whitney moved the company's American headquarters to the Watervliet Arsenal from Dallas in 2010, in large part because of those projects and also the feeling that the region was… Read More