Larry Rulison

Albany

Business Reporter at Times Union (Albany)

Reporter for the @TimesUnion. Email me: [email protected]

Articles

Port of Albany seeks business ideas, proposals for Beacon Island

6 days ago | timesunion.com | Larry Rulison

BETHLEHEM — The Port of Albany is seeking ideas for the redevelopment of Beacon Island, an 85-acre site it owns along the Hudson River in Glenmont. The port originally purchased the site for $5.25 million in 2018 for an offshore wind turbine tower manufacturing facility. The facility was going to supply the towers for an offshore wind farm called Empire Wind 2, planned off the coast of Long Island, set to be developed by Equinor, a Norwegian energy firm.
Rite Aid moves to offload leases at 11 Capital Region stores

1 week ago | timesunion.com | Larry Rulison

ALBANY — Real estate agents for drugstore chain Rite Aid have already started to unload its real estate assets across 15 states — including more than 1,187 leases it has with landlords, as well as the 50 stores it owns outright — just two days after the company announced its bankruptcy reorganization plan. Rite Aid, which had only emerged from a previous bankruptcy program in September, said Monday it would sell all of its assets and lay off all of its workers nationwide as part of the plan.
Rite Aid closing all 11 stores in Capital Region, laying off employees

1 week ago | timesunion.com | Larry Rulison

ALBANY — Rite Aid, the struggling drugstore chain with 1,245 stores in 15 states, is planning to close all of its 178 stores in New York state, including 11 local stores, as part of a plan to sell all of its assets through a Chapter 11 reorganization plan, its second bankruptcy in two years. Philadelphia-based Rite Aid was founded in 1962 in Scranton, Pa. and at its peak had more than 5,000 stores.
Plug Power to pay $600,000 to settle employee overtime case

1 week ago | timesunion.com | Larry Rulison

BETHLEHEM — Plug Power is set to settle an overtime pay class action lawsuit filed against the company in July 2023. The settlement totals $600,000, according to court papers filed in district court. Article continues below this adAttorneys for the company and the plaintiffs are scheduled to appear Wednesday in U.S. District Court in Albany to hammer out the final details, according to a court schedule.
New Upstate Capital CEO looks to connect investment with innovations, new ideas

1 week ago | timesunion.com | Larry Rulison

ALBANY — Upstate Capital may have found the perfect new leader in Shelby Schneider. Upstate Capital, also known as the Upstate Capital Association of New York, is a nonprofit designed to grow the private equity, venture capital and investment banking ecosystem in upstate New York while helping to nurture entrepreneurs and startup companies.
Mail delays may have caused late fees for some National Grid customers

1 week ago | timesunion.com | Larry Rulison

ALBANY — National Grid customers who pay their electric and gas bills by check may see the amount they owe one month migrate onto the next month’s bill — with a late fee attached — if their check is tied up in the mail, the utility company told the Times Union this week. If that happens, customers will need to call the company to get the late fee waived, according to National Grid.
Dream of appearing on ‘Family Feud’ realized by Times Union reporter

2 weeks ago | timesunion.com | Larry Rulison

I grew up in Syracuse, a child of the 1980s. On some dreary winter days — and there were plenty of those — when I had a sore throat or maybe a fever, my mom would hold me out of Salem Hyde Elementary for a sick day. The best part of my sick day was that I was able to park myself in front of the small television set we had in the sunroom of our colonial-style home and watch daytime TV.
Business Council's plea to lawmakers: Keep CHIPS Act funding intact

2 weeks ago | timesunion.com | Larry Rulison

ALBANY — The Business Council of New York State wrote a letter to New York’s congressional delegation on Monday urging its members to withstand efforts by the Trump administration to weaken the CHIPS and Science Act, which provides $52 billion in funding to help the computer chip industry bring its manufacturing facilities to the U.S. The Trump administration has sought to weaken or repeal the landmark economic development legislation, although nothing concrete has been proposed by Congress...
Tech firm cb20 moves headquarters to 268 Broadway in Saratoga

2 weeks ago | timesunion.com | Larry Rulison

SARATOGA SPRINGS — Chris Pickett is on the move again. Pickett, the CEO of cb20, a managed IT and audio-visual services firm, has moved the company’s headquarters to 268 Broadway in downtown Saratoga Springs. The building overlooks Congress Park. Article continues below this adThe company had previously been located on Federal Street on the other side of Broadway.
National Grid reaches deal on gas and electric rates with NY

2 weeks ago | timesunion.com | Larry Rulison

ALBANY — After months of negotiations and public hearings, National Grid has reached a settlement with state regulators to raise gas and electric rates for its upstate customers. The average residential gas and electric customer will end up paying $600 more than they currently pay over a period of three years if the rate plan is approved by the state Public Service Commission.