Glens Falls Business Journal - July 2020

Page 1

PRSRT STD U.S. POSTAGE

GBJ P.O. Box 766 Saratoga Springs, NY 12866

VOL. 32 NO. 05

PAID

GLENS FALLS, NY 12801 PERMIT #600

HH The Business Newspaper of Warren and Washington Counties HH

www.glensfallsbusinessjournal.com

JULY 2020

Aviation Mall Reopens After Green Light From Common Roots Brewing Co., At The End Of State; Many Safety Guidelines Are In Place A Challenging Road, Is Ready For The Future

These signs on an entrance to the Aviation Mall in Glens Falls remind shoppers of the safety measures that have been imposed due to the virus pandemic.

The owners of Common Roots Brewing Co. opened their business in a new building after its original one was destroyed by fire. V&H Construction built the new structure.

Courtesy Aviation Mall

In accordance with the announcement made last week by Gov. Andrew Cuomo, Aviation Mall will opened July 10 for on-property retail, dining and eligible entertainment following the official New York Phase Four guidance. As part of its re-opening, Aviation Mall introduced significant changes to its safety and sanitizing policies and procedures, along with Healthy Shopper Guidelines with Center for Disease Control (CDC) recommendations everyone must follow prior to entering the property, mall officials said.

Aviation Mall will operate under modified hours of operation, Monday through Saturday, 11 a.m. to 7 p.m.; and Sunday, 11 a.m. to 6:00 p.m. Officials said some venues, including restaurants may have different operating hours. “Our preparations over the past three months have truly put the safety and well-being of our guests, tenants and employees first,” said Aiden McGuire, director of corporate Continued On Page 14

Courtesy V&H Construction

BY ANDREA HARWOOD PALMER Common Roots Brewing Co. is open at its new, expanded facility at 58 Saratoga Ave. in South Glens Falls. The 15,000-square-foot facility is on the site of the company’s original brew house that was gutted by fire in March 2019. It is open seven days a week from noon to 8 p.m. for to-go sales only from the new taproom. It will open with beer-to-go service and outdoor on-premise seating, as allowed by guidelines imposed during the COVID-19

pandemic. A gastro pub-style menu will be rolled out with food to go. Phinney Design Group in Saratoga Springs designed the structure. V&H Construction of Fort Edward built it. Christian Weber founded the company with his father, Burt Weber, in 2014. “We understand it’s a destination spot for a lot of people,” said Weber. “The experience of coming to Common Roots has always been really Continued On Page 9

Texas Company’s Plan To Buy Former GE Report: Warren County’s Concentration Of Property In Fort Edward Falls To COVID-19 Medical Supply Jobs Is Highest In The Nation BY CHRISTINE GRAF Fort Worth-based WL Plastics, a subsidiary of Carson, Calif.-based Ineos Olefins & Polymers USA, has abandoned plans to acquire more than 25-acres of property at the former General Electric dewatering site in Fort Edward. GE ceased operations there in 2015 after spending 8 years and approximately $1.7 billion to dredge PCB-tainted sediment from the Hudson River. WL Plastics, one of North America’s largest manufacturers of high density polyethylene pipe, first expressed interest in the property two years ago. It would have been their ninth location. In December 2019, the Warren-Washington County Industrial Development Agency (IDA) voted unanimously to offer the company approximately $2 million in incentives. The package included up to $871,500 in sales tax incentives and $1.19 million in property tax breaks. WL Plastics planned to invest $17 million in the property and create 50 well-paying jobs. According to a written statement released by the company, their plans to build a new plant in Fort Edward were no longer “economically viable” a result of the COVID-19 pandemic. The company relies heavily on the oil and gas industries which have slowed considerably in recent months due to COVID-related industrial declines and travel restrictions. Dave O’Brien, chairman of the IDA, said he was expecting WL Plastics to close on the property in the coming weeks. No one at the IDA was aware the deal was in jeopardy. “I was quite a bit surprised by the phone call,”

WL Plastics in Fort Worth was closing in on the purchase of this former GE property. he said. “I understood that the oil and gas business was not helping them right now because that is one of their main markets, but I didn’t realize it was causing them to reevaluate their entire future plans.” O’Brien expressed disappointment in the decision, noting the IDA believed WL Plastics was a great fit for the area. “I think they were very sincere and excited about coming to Fort Edward,” he said. “I think Continued On Page 12

As the coronavirus pandemic underscores the importance of the domestic manufacturing of medical equipment and supplies, according to Ed Bartholomew, president and CEO of EDC Warren County. Bartholomew said that U.S. Bureau of Labor Statistics (BLS) data is revealing for the first time that Warren County has the nation’s highest concentration of jobs in that industry. According to a Center for Economic Growth (CEG) data analysis, over 1,509 jobs with total annual wages of nearly $93 million. For over 50 years, Warren County’s medical equipment and supplies manufacturing industry has been making high quality products, earning the area the name Catheter Valley. Today’s companies in Warren County, such as AngioDynamics, Becton Dickinson (BD) Bard, Delcath Systems and Medline Industries, have kept that tradition alive, Bartholomew said. BLS recently started disclosing the number of jobs in Warren County’s medical equipment and supplies manufacturing industry. The data shows that in 2019 the county had 1,509 jobs in the industry, resulting in an 18.2 location quotient (LQ). That LQ represented the nation’s highest concentration of jobs in this industry among more than 500 U.S. counties for which full employment data is disclosed, according to CEG. Bartholomew said Warren County’s medical equipment and supplies manufacturing industry includes total annual wages of $92.8

million in 2019, with annual average wage per employee was $61,354. “We’ve long known that Warren County’s medical equipment and supplies manufacturing industry is unique on the national level, and we now have the data to quantify that,” said Bartholomew. “While our manufacturers do not focus on the personal protective equipment that is in high demand amid this crisis, COVID-19’s supply chain disruptions have underscored the importance of domestically producing medical equipment and supplies. Warren County has a sizeable and skilled workforce that’s been doing this type of production for decades, and with the possibility of more manufacturing coming back to the U.S. shore we will be ready.” “As the nation comes to terms with how much manufacturing of medical equipment and supplies and pharmaceuticals is no longer done in this country, we are developing a deeper understanding of how much of this activity we have in the Capital Region,” said CEG. “What we have here is nationally unique, and we want the Capital Region to be the first place that leaders in business and politics think of when they start looking to increase domestic production of these essential products. When it comes to this type of manufacturing, Warren County is the Capital Region’s northern star, and that is why CEG partnered with Warren County EDC for this research.” Other counties with high concentrations Continued On Page 5


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