Why does raising the minimum wage make sense?

My cell phone rang shortly after state Assembly Speaker Sheldon Silver announced his proposal to increase New York’s minimum wage from $7.25 to $8.50 an hour.

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People on the move – February 2012

Adworkshop names new president

Norfolk

Adworkshop, Lake Placid, a Northern New York employee-owned digital marketing and public relations agency, recently announced the promotion of Watertown native Darcy Norfolk to president.

Founded in 1977 by Tom and Adele Connors, the agency delivers a full suite of marketing services from its Lake Placid location and employs 26 full-time professionals.

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60th Annual Israel Shapiro Citizenship Award Dinner – Feb. 2

Lewis County Property Sales – January 2012

The following property sales were recorded at the Lewis County clerk’s office for the month of January 2012:

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Alex Bay Chamber Mid-Winter Evening – Jan. 28

Opportunity to grow in a new year

This time of year finds all of us reminiscing about the year just concluding and trying to understand — perhaps even predict — what the year ahead will bring. In my view, what makes predicting the future more difficult, at least from a community perspective, is that we are missing a comprehensive plan for long-range community and economic development. By any other name our plan would be a blueprint for how we would like to see our community grow.

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People on the Move – January 2012

CU alumna honored at White House

Clarkson University alumna and trustee Amy E. Castronova was honored Nov. 17 at the White House for her accomplishments as an entrepreneur and her positive influence on the American economy.

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Business Briefcase – January 2012

Mix 96.1 opens Potsdam studio

The Potsdam Chamber of Commerce welcomed Mix 96.1 Massena to Potsdam with a ribbon cutting on Nov. 29.

Mix 96.1 will have a studio at Scoopuccino’s, 167 Market St., Potsdam, two Tuesdays a month, offering local businesses and civic organizations spotlight opportunities with live interviews.

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The year of the Loonie

Thanks to a flat U.S. dollar and strong Canadian currency, Northern New York sees gains from cross-border shoppers

Chastity L. Baxter, Potsdam, serves customers from Cornwall, Ontario, at Trombino's restaurant in Ogdensburg. Photo by Jason Hunter.

By Nancy Madsen & Benny Fairchild
NNY Business

Canadians in search of back-to-school or holiday deals boosted the north country’s economy in 2011.

While the U.S. economy struggled and the north country showed spurts and sputters, Jefferson and St. Lawrence counties’ retail economies continued to grow. Regional experts agree it’s reasonable to connect increased Canadian traffic over international bridges with increased sales tax collections.

Jefferson County saw a 3.9 percent increase in collections for nine months – from $49 million in 2010 to $50.9 million in 2011. St. Lawrence County brought in 4.8 percent more in sales tax, from $29.4 million in 2010 to $30.8 million in 2011.

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Do you know what your business is worth?

Have you ever wondered what your business is worth? At some point, your business must be sold unless you are planning to give it away. If you are a shareholder of a corporation, a member of a limited liability company or a partner in partnership, there should be a mechanism in the corporate bylaws, operating agreement, or partnership agreement that establishes your ownership value. If not, it is time to think about drafting one.

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