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News releases from Albany Business Review

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Pharmacy college raises $3.25M and renames biopharma training center
Three people have donated a total of $3.25 million to The Albany College of Pharmacy and Health Sciences, which nearly puts an end to the institution’s $11 million capital campaign. 
Tags Michelle Borisenok Education Colleges & Universities
From Business Journals
The week in bankruptcies: D&K Quality Auto
This week in Albany business bankruptcies include D & K Quality Auto. For the year, Albany has recorded 4 business bankruptcy filings. 
From Business Journals
$16 million renovation, new name for The Desmond in Colonie
The Desmond in Colonie finished a nearly $16 million renovation that includes a new name, upgrades and modern features to replace a design meant to evoke the Colonial era. 
Tags Travel & Tourism The Desmond Hotel Albany Tyler Desmond
From Business Journals
Cuomo: Fans will be allowed at race tracks, bar curfew pushed later
The new rules have major implications for the Saratoga Race Course, which wasn't allowed to have fans last year. 
Tags Government & Regulations
From Business Journals
How much it's costing New York to lease two malls for Covid vaccine clinics
The three-month contracts are with Syracuse-based Pyramid Management Group LLC, which owns both Crossgates and Aviation Mall. 
Tags Government & Regulations Pyramid Management Group Inc/
From Business Journals
High earners were already leaving New York, higher taxes could drive more out
Tim Noonan, a partner at Hodgson Russ who specializes in tax residency issues: "I've been doing this for 20 years and the exodus of high-earning, high-income tax payers from New York state and New York... 
Tags Government & Regulations Tim Noonan Hodgson Russ LLP
From Business Journals
State budget fix saves Start-Up NY employees from hefty income tax bill
More than 1,000 employees across an estimated 200 companies who participate in the Start-Up NY tax-incentive program were at risk of a surprise tax bill. 
Tags Government & Regulations Megan Finin Marc Alessi
From Business Journals
Commission on Independent Colleges and Universities names next president
The CICU, headquartered in Albany near the Capitol, represents more than 100 New York independent colleges and universities in matters of public policy. 
Tags Lola Brabham Commission On Independent Colleges & Universities Mary Beth Labate
From Business Journals
What you need to know about New York's new tax increases
Annual taxes on corporations and the wealthiest New Yorkers will increase next year after Gov. Andrew Cuomo and legislators agreed on a $212 billion budget for 2021-2022. 
Tags Heather Briccetti Government & Regulations
From Business Journals
The new branding campaign to sell the Capital Region is here
The Center for Economic Growth and the Upstate Alliance for the Creative Economy have revealed a new strategy and branding campaign to sell the region to both those who live here now and others who... 
Tags Center for Economic Growth Maureen Sager Katie Newcombe
From Business Journals
State budget includes $750 million for new Wadsworth lab in Albany
The state budget had originally excluded the $750 million that's been set aside for years to build a centralized New York state public health lab in Albany. 
Tags Government & Regulations Patricia Fahy
From Business Journals
Attorney: "If there are individuals looking to get involved in [NY's marijuana] industry, they need to do it now"
Harris Beach's Karl Sleight specializes in helping clients navigate highly regulated industries in New York — a category that will soon include a multibillion-dollar market for recreational marijuana.... 
Tags Cannabis Karl Sleight Government & Regulations
From Business Journals
Golf was the only game in town in 2020. Expectations are high for 2021
State regulations stopped a lot of usual summer activity last year. But not golf. Some country clubs were able to capitalize on having the only game in town. 
Tags Terri DeVoe Sports Business
From Business Journals
New York passes recreational marijuana bill: 5 things to know
The New York State Legislature voted Tuesday to legalize recreational marijuana for people over the age of 21, creating what is likely to become a multibillion-dollar industry. Here's what business... 
Tags Cannabis Government & Regulations
From Business Journals
IBM and Intel planning hundreds of new jobs in Capital Region
Arvind Krishna, chairman and CEO of IBM: "The semiconductor technology ecosystem we have assembled in Albany is uniquely positioned to deliver rapid new breakthroughs that will catalyze the economic... 
Tags Chuck Schumer Arvind Krishna IBM Corp/
From Business Journals
Ahead of legal marijuana vote, a question for employers: What is the meaning of impairment?
The New York State Legislature is expected to pass recreational marijuana legislation that would allow adult use and create a new multibillion-dollar industry. It also raises some questions for... 
Tags Cannabis Erin Callahan Government & Regulations
From Business Journals
New York will soon expand Covid-19 vaccine eligibility to everyone over 16
The announcement comes as the head of the CDC on Monday warned of "impending doom" as cases, hospitalizations and deaths rise across the country. Here are the details on the eligibility expansion. 
Tags Government & Regulations Andrew Cuomo Coronavirus
From Business Journals
New state app will help businesses, event venues, stadiums reopen
The app — called The Excelsior Pass — will be needed for New Yorkers to gain entry to major stadiums and arenas, wedding receptions, or other catered events above the social gathering limit. 
Tags Government & Regulations
From Business Journals
Times Union Center reopening to use body temp readers from Albany company
The company says the thermal imaging system can screen about five to eight passersby per second and flag individuals with elevated skin temperatures for additional tests. 
Tags Sporting Venues Technology
From Business Journals
New York close to legalizing recreational marijuana
Several news outlets reported Wednesday afternoon that New York state legislators have reached a deal to legalize recreational marijuana. Here's what we know so far about the proposal. 
Tags Cannabis Government & Regulations
From Business Journals
Business Council: New taxes are the last thing NY needs right now
Heather Briccetti says proposals to raise taxes in the state budget could drive more New Yorkers to leave the state and hurt businesses at a critical time for New York's post-Covid recovery. 
Tags The Business Council of New York State Inc/ Heather Briccetti Robert Mujica
From Business Journals
Albany Business Review Publisher Cindy Applebaum announces retirement
Cindy Applebaum has led the Business Review through the unprecedented times of the pandemic – moving a news and sales operation remote, navigating the switch to virtual events and continuing to be a... 
Tags Media & Marketing Cindy Applebaum
From Business Journals
Fingerpaint adds Charlotte naming and branding agency to its portfolio
This is the first deal announced since Fingerpaint secured an investment from a private equity firm for what it said would be an acquisition spree. 
Tags Shamik Patel Ed Mitzen Media & Marketing
From Business Journals
Cuomo: Outdoor arts, entertainment and sports venues can reopen next month
The allowed attendance for venues will initially be limited. Gov. Andrew Cuomo hinted during a press event Thursday that the capacity limits will likely increase as more people get vaccinated and the... 
Tags Andrew Cuomo Government & Regulations
From Business Journals
UAlbany hires former Marquette assistant as new head men's basketball coach
The hiring comes just over two weeks after UAlbany decided to part ways with head coach Will Brown after 20 seasons at the school. 
Tags Sports Business Dwayne Killings
From Business Journals
DiNapoli: Covid-19 impact on tax revenue starting to ease up
New York state tax revenues are improving for 2021 as the state slowly emerges from the recession caused by the Covid-19 pandemic. 
Tags Government & Regulations Thomas DiNapoli
From Business Journals
Albany Skyway expected to open by end of this year
The project will convert a ramp off I-787 into a multi-use linear park connecting downtown Albany with the riverfront. 
Tags Construction Transportation Logistics & Transportation
From Business Journals
New budget plan proposes $7B in new taxes on wealthiest New Yorkers
The Assembly and Senates budgets go beyond what Gov. Andrew Cuomo had envisioned by raising taxes on the wealthiest New Yorkers and creating new tax brackets. It would also create a Covid-19 assistance... 
Tags Government & Regulations
From Business Journals
Cuomo: Domestic travel quarantine requirement to end in April
The rules have required people traveling from other states — or returning to New York — to either quarantine and test negative for Covid-19 on the fourth day after their arrival or stay in quarantine... 
Tags Government & Regulations
From Business Journals
Mark Quandt is retiring from the Regional Food Bank after more than three decades
For 37 of those years, Quandt has been executive director of the organization. It's grown to serve nearly 1,000 agencies in 23 counties and distribute more than 55 million pounds of food annually. 
Tags Philanthropy & Nonprofits Mark Quandt Jim Santamarina
From Business Journals
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