Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

M&T Bank approaches nearly 2,000 PPP loans in Syracuse-Utica region
SYRACUSE, N.Y. — M&T Bank Corp., the largest bank in the 16-county Central New York region by deposits, says it has so far made 1,995

Chemung Financial profit falls 44 percent in 1st quarter
ELMIRA — Chemung Financial Corp. (NASDAQ: CHMG), parent company of Chemung Canal Trust Company, recently reported that its net income fell 44 percent to $2.5

Cuomo to CNY: Start to reopen the economy
SYRACUSE, N.Y. — Gov. Andrew Cuomo on Thursday gave the Central New York region the go-ahead to partially reopen its economy starting Friday — following

Businesses with PPP loans under $2 million can relax a little following new SBA guidance
The SBA said that “safe harbor” for PPP borrowers under $2 million “is appropriate because borrowers with loans below this threshold are generally less likely

New York reports another new low in COVID-19 infections
JOHNSON CITY, N.Y. — New York State on Tuesday reported 1,430 new coronavirus infections in the last day, a 0.4 percent increase in the state’s

Cuomo greenlights phased regional reopening starting May 15
IRONDEQUOIT, N.Y. — New York State’s COVID-19 lockdown is poised to partially end across the Mohawk Valley and Southern Tier — and likely Central New

SBA clarifies nonprofit hospitals are eligible for PPP loans
The U.S. Small Business Administration (SBA) recently provided clarification for how nonprofit hospitals can qualify for Paycheck Protection Program (PPP) loans The low-interest, forgivable loans

SBA says it’s still not too late for small businesses to get a PPP loan
The PPP loans are meant to help small businesses and nonprofits stay afloat during the COVID-19 pandemic, by funding eight weeks of payroll and certain

Centro bus driver tests positive for coronavirus; here are the routes the operator drove
SYRACUSE, N.Y. — Centro has reported that another one of its Syracuse bus drivers has tested positive for COVID-19. The employee last worked on April

New York reports lowest increase in daily infections since pandemic began
ROCHESTER, N.Y. — New York State on Monday reported 2,538 new coronavirus infections in the last day, a 0.8 percent increase in the state’s total,