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Insurance & Financial Services

Tenney pushes bill to help tiny firms to offer retirement plans

It’s a proposal to incentivize micro-businesses with fewer than 10 employees to adopt retirement plans, helping more workers save for retirement. U.S. Representative Claudia Tenney (R–Canandaigua) on Oct. 23 introduced the Retirement Investment in Small Employers Act (RISE Act), along with Rep. Dan Kildee (D–MI). Background As Tenney’s office explained it, the SECURE 2.0 Act […]

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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

Shared services net savings for Broome County

Municipalities have worked for decades to share services and cut costs, Broome County Executive Jason Garnar tells CNYBJ in an interview. In both small and large ways, shared services have been happening for a while. “There are tons of things that local governments are doing already to save money,” he says. In Broome County that

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