Putnam Resources Announces Affordable Housing Team
From a press release: Putnam Commons, located at 53 Putnam Street in Saratoga Springs, NY, is a unique private-public endeavor that will transform a cleaned-up brownfield site in the heart of downtown Saratoga Springs into residential condominiums offering homeownership opportunities for members of the local workforce.
To achieve this goal, the developers have guaranteed that at a minimum 30% of the units in the building will be offered at a price affordable for buyers earning 80% of the average median income of the area. Driving the project is a unique collaboration of entities with common goals of ameliorating the prevailing shortage of workforce housing in the Spa City.
Owner Putnam Resources, LLC has partnered with Habitat for Humanity, Rebuilding Together Saratoga County, and the City of Saratoga Springs to take advantage of state and private funding sources and other initiatives geared towards increasing the amount of workforce and affordable housing available in the state.
The group continues to accept proposals from other private investors as well.
In addition to the slate of invested partners, Putnam Resources’s team includes:
- First Fairfield Associates, LLC
- The Saratoga City Center
- Roohan Realty
- BBL Construction Services: Albany Group V
- Witt Construction
- HBT Architects – A Division of MRB Group- James Tripp (lead architect)
- Sustainable Comfort- Jeffery Love
- Fusion Systems Engineering
- DPC- Mark Cambria, CEO
- 260 Structural Engineering- Dale Meszler, Principal
- Environmental Design Partnership, LLP- Brian Osterhout, P.E.
- Young/Sommer LLC
- Sterling Environmental Engineering, PC
- Yepsen & Pikulski, Public Affairs.
Surrender Cannon becomes a permanent part of park’s collection
From a press release: Saratoga National Historical Park announces the donation of a light six-pound British cannon (Cannon #102) from the Department of the Army to the National Park Service (NPS). The park will permanently preserve Cannon #102 as a part of its museum collection.
“The National Park Service is honored to continue to be the stewards of this significant piece of history from the Battles and Siege of Saratoga,” said Superintendent Leslie Morlock. “It has been a pleasure to partner with the Department of the Army to recover Cannon #102 and secure its return to Saratoga National Historical Park, where it will remain in our care.”
This British Cannon, crafted from bronze in 1756, was captured by the Continental Army in October 1777 after they defeated the British Army at the Battles and Siege of Saratoga. The brass light six-pounder cannons were the most desired type of artillery used by the British and Americans during the War for Independence. British General Burgoyne had 18 light six-pounders captured by the Continental Army, among other weapons. Throughout the war, the Continental Army continued to use the light six-pounders captured at Saratoga.
Only three of the original 18 light six-pounders captured at Saratoga are known to remain in existence today. This alone makes this cannon of great value to historians. It was engraved with trophy honors marking the cannon as Surrender Cannon from Saratoga at West Point in 1783. But its story was far from over.
WalletHub survey of business leaders
From a press release: With Small Business Week starting Sunday April 30, a new survey from the personal-finance website WalletHub found that nearly 2 in 5 small business owners say the occasion helps their business. Other findings according to the WalletHub survey:
- Crippling Interest Rates: 63% of small business owners say high interest rates are hurting their business.
- Inflation Challenges: 75% of small business owners say inflation has made it more difficult to run their business.
- Low Tax Importance: Nearly 2 in 5 small business owners say low taxes are the most important factor for small business success.
- Unfair Card Terms: 58% of small business owners think it’s unfair that small business credit cards offer worse terms than consumer credit cards.
- Personal Card Reliance: More than 3 in 4 small business owners say they’ve used a personal credit card for business expenses.
- Crypto Resistance: 49% of small business owners are not in favor of accepting payments in cryptocurrency.
- Best Business Credit Card: Capital One Spark Cash Plus is the best business credit card overall because it offers an initial bonus of up to $1,000 and gives 2% cash back on all purchases.
- Best Business Bank Account: Live Oak Bank Business Savings Account is WalletHub's Best Business Bank Account of 2023 because it has a 4% APY.