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IAED hopes to soon hit funding goal of 5-year investment initiative
ITHACA, N.Y. — Ithaca Area Economic Development (IAED) has reached 65 percent of its $2.1 million goal in its five-year investment initiative and hopes to reach the goal over the next few months. IAED announced the public launch of its five-year investment initiative — Th!nk Tompkins — on Sept. 21 during a private reception held […]
SUNY uses sustainability bonds to raise $113M for its residency-hall program
ALBANY, N.Y. — SUNY says the Dormitory Authority of the State of New York (DASNY) raised $113 million to support SUNY’s residence-hall program. DASNY raised the funding through its first-ever issuance of sustainability bonds, per a Sept. 13 announcement. The authority issued SUNY dormitory facilities revenue bonds with a sustainability designation. SUNY will use proceeds
Generations Bank CEO Menzo Case dies at age 59
SENECA FALLS, N.Y. — Menzo Case, longtime president and CEO of Generations Bank in Seneca Falls, died last Friday, Oct. 13 surrounded by his family,
AIS sponsors suites at Adirondack Bank Center
UTICA, N.Y. — Rome–based Assured Information Security (AIS) announced it is the exclusive sponsor of the AIS Executive Suites at the Adirondack Bank Center at
New York manufacturing index dips back into negative territory in October
The Empire State Manufacturing Survey general business-conditions index fell seven points to -4.6 in October. The benchmark index had climbed 21 points in September to
SFCU merges with Edge Federal Credit Union
LIVERPOOL, N.Y. — Edge Federal Credit Union has merged with Sidney Federal Credit Union (SFCU) in a deal approved by Edge members on Sept. 19. The combination helps solidify SFCU’s entry into Onondaga County while also providing Edge members new products and enhanced services, SFCU President/CEO Jim Reynolds says. Edge got its start in 1956,
SBA appoints new director of the Syracuse-Upstate New York district office
SYRACUSE, N.Y. — The U.S. Small Business Administration (SBA) has named Daniel Rickman the new district director of its Syracuse-Upstate New York district office. Rickman’s
SBA Syracuse-Upstate district office seeks nominations for 2024 National Small Business Week Awards
SYRACUSE, N.Y. — The Syracuse-Upstate New York district office of the U.S. Small Business Administration (SBA) says it is seeking nominations for the 2024 National
Community Bank Trust Services changes name to Nottingham Trust
DeWITT, N.Y. — Community Bank Trust Services, the personal trust and custodial services provider subsidiary of Community Bank System, Inc. (NYSE: CBU), underwent a name change in August to Nottingham Trust. The change comes almost a year after the creation of Nottingham Wealth in late 2022. Nottingham Wealth combined the financial planning and investment capabilities
New York manufacturing activity bounces back in September
The Empire State Manufacturing Survey general business-conditions index rebounded into positive territory by rising 21 points in September to 1.9. The index had plummeted 20 points in August to -19 after declining six points in July to 1.1. The general business-conditions index is the monthly gauge on New York’s manufacturing sector. The September reading —
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