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Welcome to the 2013 edition of The Central New York Business Journal’s Works In Progress feature. Every year we yield the floor to the businesses and nonprofit organizations we cover in order to obtain a snapshot of the local business scene. The information listed here was compiled and edited from forms that companies and nonprofits completed to showcase […]
BHL expands in Capital District with Schenectady agency acquisition
ONEIDA — The recently closed acquisition of an insurance agency in Schenectady gives Oneida Financial Corp.’s insurance unit a stronger foothold in the greater Albany market. McMahon, Fenaroli and White, which does business as Schenectady Insuring Agency (SIA), was merged into Bailey, Haskell & LaLonde (BHL), a subsidiary of Oneida Financial (NASDAQ: ONFC), on Dec.
Progressive moving offices from Salina to DeWitt
DeWITT — Progressive Insurance operations in the Syracuse area are scheduled to move at the beginning of February. Mayfield Village, Ohio–based Progressive is set to
POMCO on track to finish headquarters addition this winter
SYRACUSE — The expansion of POMCO Group’s headquarters in Syracuse is on pace to wrap up by March. POMCO broke ground on the addition to its building at 2425 James St. in the city’s Eastwood section in early 2012. Construction crews are adding about 18,000 square feet of space over two floors to the building,
Titan eyeing new CNY sector after being acquired
Titan Insurance & Employee Benefits Agency, LLC could be reaching into a new sector in and around Syracuse after being acquired by U.S. Retirement Partners. “The expansion to the Central New York market will be driven by two factors now,” says Eric Gilbert, Titan’s executive vice president. “We have what I call the corporate market.
N.Y. holds health premium increases to 7.5 percent
New York’s Department of Financial Services (DFS) trimmed nearly five percentage points from health insurers’ requested rate increases for 2013. Insurers operating in the state
Blue Ocean caps year of growth in 2012
SYRACUSE — Blue Ocean Strategic Capital, LLC went through a growth spurt in 2012, adding two new staff members from Morgan Stanley Smith Barney in Syracuse and acquiring Hebert Financial Strategies of Liverpool. Stephen Chow and Jeffrey Moro joined Blue Ocean from Morgan Stanley Smith Barney in July. It’s one of the first times in
Oneida Financial to acquire insurance agency in Schenectady
ONEIDA — Oneida Financial Corp. (NASDAQ: ONFC), parent of Oneida Savings Bank, announced today that it has agreed to acquire McMahon, Fenaroli and White, Inc.,
MVP promotes exec to take over for retiring CEO
SCHENECTADY — MVP Health Care filled the shoes of its retiring president and CEO, David Oliker, with its president of operations. The Schenectady–based health insurer’s
Reactor project at Cornell wins DOE funding
ITHACA — A research project led by two Cornell University professors aims to create compact reactors used in production of biofuel from algae. Biofuels can be made from a variety of stocks, including corn and wood. As it turns out, algae is especially energy dense, meaning a given amount of algae would produce more fuel
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