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Business

Minority-owned companies waited months for loans, data shows

NEW YORK — Thousands of minority-owned small businesses were at the end of the line in the government’s coronavirus relief program as many struggled to find banks that would accept their applications or were disadvantaged by the terms of the program. Data from the Paycheck Protection ...

Nonprofits share new Main Street storefront

SARANAC LAKE — There’s a new storefront on Main Street, with multiple businesses behind it. The space, located at 84 Main St., will showcase the nonprofit Northern Forest Canoe Trail, Play ADK and local artists. Tell Media, owned by Chris Morris, is leasing the storefront from Adam ...

Developer asks for tax break, North Elba says no

LAKE PLACID — Representatives of a development company planning to revamp the Saranac Avenue Quality Inn asked the North Elba Town Council for a tax break last week. The town council denied the request. Representatives of Dual Development LLC, the company behind a planned rebranding and ...

Canadian border closure extended

The closure of the United States-Canada land border has been extended for a 10th month. The border will now remain closed to non-essential travel until at least Jan. 21, U.S. Department of Homeland Security Acting Secretary Chad Wolf announced Friday. “We are working closely with Mexico ...

IP Ticonderoga mill part of new spinoff company

TICONDEROGA — International Paper’s Ticonderoga Mill is part of the recently announced spinoff into a new, stand-alone company. The Printing Papers Division the mill is in will be owned by the new SpinCo and the move is expected to be finalized sometime in the third quarter of ...