The income gap: Reframing the debate
In his January State of the Union address, President Barack Obama declared that the American dream was under siege. The president promised to shrink the income gap between rich and poor, calling it “t Read More
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Tops reports positive Q4, full-year results
The parent company of the supermarket chain Tops Markets, LLC generated $1.2 million in net income in the fourth quarter of 2011, capping a year that contrasted with red ink in 2010.The fourth-quarter Read More
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Bravo! As I write this editorial, the pundits are 99 percent certain that our elected officials will present us with another on-time budget for New York State. Kudos to Gov. Andrew Cuomo for encourag Read More
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Reduce Your Tax Burden With the Proper Business Structure
Business owners can adopt a variety of legal structures, including a general partnership, limited partnership, registered limited-liability partnership (LLP), limited-liability company, C-corporation, Read More
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Federal funds available for development projects
The state announced $1.2 million in grant funding under a program administered by the Northern Border Regional Commission (NBRC) intended to alleviate economic distress and create jobs in 36 targeted Read More
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Syracuse cracks list of top-20 performing American cities
Business Insider has named Syracuse the 16th best-performing city in America.The ranking is part of The 20 Best-Performing Cities in America, a Business Insider list that the website based on fourth-q Read More
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Tompkins Financial prices stock offering
ITHACA — Tompkins Financial Corp. (NYSE Amex: TMP) will offer 875,000 shares of its common stock for $40 each.The banking company expects to raise $35 million, an increase over the $30 million it expe Read More
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Tompkins Financial announces stock offering
ITHACA — Tompkins Financial Corp. (NYSE Amex: TMP) is planning a $30 million stock offering.The banking company plans to use the proceeds for working capital, possibly including repayment of securitie Read More
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First Niagara adds indirect auto lending to portfolio
First Niagara Financial Group (NASDAQ: FNFG) is jumping into the indirect auto lending business.The Buffalo–based banking company said today it will provide a variety of financing options through deal Read More
Health Care & Education
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M&T Bank donates $100,000 to OCC’s applied learning program ONONDAGA, N.Y. — M&T Bank (NYSE: MTB) has donated $100,000 over five years to support the applied learning program of Onondaga Community College’s (OCC) career services office. Read More -
People news: Carinci joins the Kelberman Center as chief development officer UTICA, N.Y. — The Kelberman Center, an affiliate of Upstate Caring Partners, Inc., announced it has recently hired Kelly Carinci as its chief development officer. Read More -
Monroe Wheelchair acquired by Tennessee company A Rochester–based firm that operates a location in DeWitt is under new ownership. Read More
Construction, Design & Real Estate
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FEMA awards Oswego more than $2 million for repairs at Wright’s Landing Marina OSWEGO, N.Y. — The City of Oswego will use federal funding of more than $2.2 million for “critical” repairs to the Wright’s Landing Marina. Read More -
Oswego Hospital renovating surgical unit in $7.6 million project OSWEGO, N.Y. — Work has started on a $7.6 million project to renovate the surgical unit at Oswego Hospital, an effort that targets the facility’s third and fourth floors. Read More -
Anchor Glass Container completes $51 million expansion in Elmira ELMIRA, N.Y. — Anchor Glass Container Corp. (Anchor Glass) has completed a $51 million expansion of its facility in Elmira. Read More
Manufacturing & Engineering
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BAE Systems providing power systems for up to 600 buses in Ireland ENDICOTT, N.Y. — BAE Systems, which specializes in electric-propulsion systems, announced it will supply up to 600 electric power and propulsion systems for a new fleet of buses in Ireland. Read More -
Griffiss Institute announces eight startups for next AFRL Commercialization Academy ROME, N.Y. — Griffiss Institute has announced the eight startup teams in the next group involved in the AFRL Commercialization Academy. Read More -
Anchor Glass Container completes $51 million expansion in Elmira ELMIRA, N.Y. — Anchor Glass Container Corp. (Anchor Glass) has completed a $51 million expansion of its facility in Elmira. Read More