Daily business news in the Great State of New York!
New York Attorney General Letitia James and Acting Commissioner of Taxation and Finance Amanda Hiller announced the arrest of Guy Kennedy Nicolas of Colonie, NY on six felony charges for allegedly failing to report over $2 million in taxable sales and pay over $160,000 in sales tax. An investigation led by the Office of the […]
ALBANY – Once again, housing inventory across New York State fell to another record low in March, according to the housing report released by the New York State Association of REALTORS. Inventory of homes across the Empire State fell 14.7 percent in March – from 28,060 units in 2023 to a record-setting low of only […]
ESPN announced The 2024 NCAA Women’s Elite Eight was the most-watched on record with 6.2 million average viewers – up 184% year-over year. And Monday night’s rematch in Albany between Iowa and LSU was the most-watched women’s college basketball game on record with 12.3 million viewers and peaked at 16.1 million viewers. Iowa prevailed over […]
CLIFTON PARK, NY — PowerGEM, a provider of simulation modeling software and technical services for the electric power industry, has received an undisclosed strategic growth investment from private equity firm TA Associates (TA). Founded in 2000 and headquartered in Clifton Park, NY, PowerGEM’s power systems transmission reliability & market simulation software products serve over 200 […]
U.S. Senate Majority Leader Charles E. Schumer and U.S. Congressman (NY) Joe Morelle today announced over $90 million in federal funding from the U.S. Department of Energy’s (DOE) Clean Hydrogen Manufacturing, Recycling, and Electrolysis programs created in the bipartisan Infrastructure Investment & Jobs Act. The lawmakers said this will help bolster Upstate New York as […]
Berkshire Hills Bancorp — a Boston-based financial company — announced that its subsidiary Berkshire Bank has entered into agreements with three buyers to sell 10 of its upstate and eastern New York branches, consisting of eight offices in Albany, Saratoga, Schenectady and Columbia counties, one office in Whitehall and one office in East Syracuse. The […]
Herbie’s Burgers, a small chain of restaurants specializing in burgers and shakes, has opened its sixth location in the concourse of the Empire State Plaza in Albany. Herbie’s replaces a former McDonald’s which closed in October after nearly 27 years in business when it’s lease expired. Each Herbie’s burger is made to order. The Empire […]
Avelo Airlines is expanding service to upstate New York with twice-weekly flights from Albany and Rochester beginning in May. The Houston-based airline is introducing Albany as the newest city in its network with exclusive nonstop service to Raleigh-Durham International Airport (RDU). Avelo will also offer new nonstop service from Rochester, NY (ROC) and Manchester, NH […]
A Tesla sedan drove off an overpass heading to Crossgates Mall in Albany and landed on the I-87 Thruway on Super Bowl Sunday. The Tesla was hit by an SUV after landing on the Thruway and a total of eight people were injured. No fatalities have been reported. On February 11, 2024, at about 7:21 […]