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BREAKING CNY BUSINESS NEWS

Utica unveils signs for its prosperity initiative projects

UTICA, N.Y. — Utica Mayor Robert Palmieri recently gave an update on the city’s Utica Prosperity Initiative projects. Read More
Carrols Restaurant Group reports net loss in 1st quarter

SYRACUSE, N.Y. — Carrols Restaurant Group, Inc. (NASDAQ: TAST), the nation’s largest Burger King franchisee, reported a net loss of more than $21 million, or 42 cents a share, during the first quarter of 2022 that ended April 3. Read More
Grow-NY business competition seeks applicants for fourth round

ALBANY, N.Y. — The Grow-NY food and agriculture competition is accepting applications for the fourth round of the business contest. Read More
People news: Lyons National Bank adds commercial-loan officer in Auburn

AUBURN, N.Y. — Lyons National Bank (LNB) recently hired Todd L. Borsa as assistant VP, commercial-loan officer in its Auburn offices. Read More
New York manufacturing index plummets back into negative territory in May

The Empire State Manufacturing Survey general business-conditions index plunged 36 points to -11.6, pointing to contraction in manufacturing activity. Read More
Carthage Area Hospital, Claxton-Hepburn Medical Center in Ogdensburg cutting jobs

CARTHAGE, N.Y. — Carthage Area Hospital (CAH) and Claxton-Hepburn Medical Center (CHMC) in Ogdensburg on Friday announced each hospital is cutting jobs that “could potentially affect” 4 percent of each hospital’s workforce. Read More
Community Bank System completes nearly $83M acquisition of Elmira Savings Bank

DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU), parent company of Community Bank, N.A., has wrapped up its $82.8 million, all-cash acquisition of Elmira Savings Bank (NASDAQ: ESBK). Read More
UMN board elects new president, adds board members

UTICA, N.Y. — The UMN (Utica Monday Night) For the Arts board of directors has a new president in Angela Johnson DeCarlis. She will serve a three-year term. Read More
Greater Binghamton Chamber honors five for business and community leadership

BINGHAMTON, N.Y. — The Greater Binghamton Chamber of Commerce held its 58th annual dinner last Thursday, May 12 at the DoubleTree by Hilton Binghamton and honored five individuals for their accomplishments in the areas of business and community leadership. Read More

Opinion

OPINION: N.Y.’s Climate Goals Could Produce Reliability Crisis New York Democrats have a longstanding habit of taking an issue like environmental policy and addressing it with the most extreme, unrealistic solutions conceivable. Read More
OPINION: Bipartisanship Isn’t Dead, But It’s Not In Good Health, Either Having just watched a U.S. Supreme Court nominee supported by a comfortable majority of Americans draw just three Republican votes in the Senate, you could be forgiven for thinking bipartisanship in Congress is a thing of the past. Read More
OPINION: The recession could be here Well, that didn’t take long. It has only been a month since the spread between 10-year treasuries and 2-year treasuries in the bond market inverted on March 31. That has been a reliable recession indicator that has predicted almost every recession in modern economic history. Read More

Business Mentors

CEO FOCUS: Support Small Businesses, Key Drivers of Economic Growth National Small Business Week [which ran May 2-6], presented a time to recognize the critical contributions of America’s entrepreneurs and small-business owners. Read More
VIEWPOINT: New state law bars colleges from withholding transcripts of indebted students On May 4, 2022, Gov. Kathy Hochul signed into law A.06938B, which amends New York State Education Law. Read More
Ask Rusty: About the Earnings Test & Taxation of Social Security Benefits Dear Rusty: I’m 63, married, and we file a joint tax return. If I claim Social Security (SS) now and keep working and earn $7,000 more per year than the annual limit of $19,560, I know I’d have benefits withheld at the rate of $1 for every $2 over the limit ($3,500). Read More

People on the Move

People news: Lyons National Bank adds commercial-loan officer in Auburn AUBURN, N.Y. — Lyons National Bank (LNB) recently hired Todd L. Borsa as assistant VP, commercial-loan officer in its Auburn offices. Read More
UMN board elects new president, adds board members UTICA, N.Y. — The UMN (Utica Monday Night) For the Arts board of directors has a new president in Angela Johnson DeCarlis. She will serve a three-year term. Read More
Broadwell starts new role as Cayuga Strategic Solutions CEO AUBURN, N.Y. — After serving as executive director of the Fulton Community Development Agency, Bradly Broadwell has started his new position as CEO of Cayuga Strategic Solutions (CSS). Read More