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Midyear business leaders outlook improves slightly
Business leaders are slightly less worried about a recession this year, according to JPMorgan Chase & Co.’s 2023 Midyear Business Leaders Outlook survey. A total of 45 percent of business leaders say the nation is already in a recession or expect a recession before the end of 2023, down from 65 percent who felt that […]
State’s $55.5M Small Business Revolving Loan Fund 2 offers microloans
ALBANY — New York State recently announced that its expanded $55.5 million Small Business Revolving Loan Fund 2 is available to provide shorter-term microloans and regular loans to address “inequitable” capital access “by bridging the financing gaps facing new companies, under-banked communities, and small businesses.” It’s part of New York’s broader Small Business Credit Initiative
Five Star Bank partners with software firm on digital loans
WARSAW — Five Star Bank is now offering digital-loan origination for small businesses through its partnership with Numerated, a Boston, Massachusetts–based software company. Five Star Bank is the wholly owned community bank subsidiary of Financial Institutions, Inc. (NASDAQ: FISI), which is headquartered in Warsaw in Wyoming County in Western New York and has branches across
Banker offers small firms’ tips on navigating current economy
Despite the doom and gloom in the headlines, the overall small-business outlook is still fairly positive, says Lindsay Weichert, senior VP and commercial-banking group manager at Community Bank, N.A., a DeWitt–based commercial bank serving customers in upstate New York, northeastern Pennsylvania, Vermont, and Massachusetts. While the Federal Reserve is still working to cool down the
New York manufacturing index plunges back into negative territory in August
ALBANY, N.Y. — The Empire State Manufacturing Survey general business-conditions index plummeted 20 points in August to -19. The index had dropped six points in
SECNY Federal Credit Union opens new branch, operations facility in Camillus
CAMILLUS, N.Y. — SECNY Federal Credit Union has opened a new Fairmount location at 3508 West Genesee St. in the town of Camillus across from
On Point for College looks to connect students to careers in semiconductor industry
UTICA — On Point for College, a nonprofit education and career-attainment program, is setting its sights on the semiconductor industry to ensure the future pipeline of workers in the microchip-manufacturing industry. On Point created a new dedicated career-advisor position in its Utica office and is working on developing a program that will help connect high-school
Visions FCU opens new branch in Oneonta
ONEONTA, N.Y. — Visions Federal Credit Union (FCU) on July 25 announced the grand opening of a new branch office in Oneonta, representing its first branch in Otsego County. Located in the WellNow Plaza at 5001 NY-23, the branch offers accounts and financial services for individuals, businesses, and nonprofits. It is equipped with a teller
NBT Bank plans new Johnson City branch
JOHNSON CITY, N.Y. — NBT Bank plans to open a new branch in Oakdale Commons at 625 Harry L Drive in Johnson City. Construction has
People news: AmeriCU names new manager for Utica financial center
UTICA, N.Y. — AmeriCU Credit Union announced it has appointed Kevin Dzwonkowski as the new financial center manager for the credit union’s Utica location. As
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