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SBA makes changes to Community Advantage pilot program
The Biden-Harris Administration on March 30 announced what it called “impactful reforms” to the U.S. Small Business Administration’s (SBA) Community Advantage pilot program. The changes seek to prioritize “equitable access to capital for low-income borrowers and those from underserved communities,” the SBA said. Vice President Kamala Harris and SBA Administrator Isabella Casillas Guzman announced the reforms. Changes announced […]
NYSIF tops MWBE participation goal in fiscal year 2020-21
NYSIF — the New York State Insurance Fund — says it “far exceeded” its established annual MWBE participation goal of 35 percent in state fiscal year 2020-21. It also plans to continue recruiting MWBE financial firms to “further increase their participation in 2022 and beyond.” NYSIF describes itself as New York’s largest workers’-compensation carrier. It made
VIEWPOINT: Breaking Out of the Racial Wealth Gap
While it has been a challenge across the U.S. for decades, only recently has the racial wealth gap become common vernacular for both the media and politicians. Simply explained, the racial wealth gap is the shared experience of Black and Latino households earning half as much as their White counterparts and holding just 15-20 percent of the
Launch NY makes improvements to investor network program
“The advancements we’ve made with Investor Network 2.0 demonstrate continued commitment to and growth in the capabilities of our #InvestLocal community,” said Marnie LaVigne, president and CEO of Launch NY, said. “York IE recently ranked Buffalo as the 5th biggest U.S. startup city by funding and Launch NY’s #InvestLocal programs — including the Investor Network,
People news: LoCicero joins Finger Lakes Federal Credit Union
GENEVA, N.Y. — Kevin M. LoCicero has joined the loan department at Finger Lakes Federal Credit Union as its VP/lending manager. In this role, LoCicero
People news: Lindsey joins Caruso McLean Investment Advisors
UTICA, N.Y. — Bettina Lindsey has joined Caruso McLean Investment Advisors as a senior relationship manager. In this role, Lindsey will assist the firm’s investment
VIEWPOINT: Important Recent ESOP Developments
We saw several significant legal developments relating to employee stock-ownership plans (ESOPs) last year. This article will summarize a few of the most important developments. Fiduciary Indemnification and Insurance — Scalia v. Professional Fiduciary Services, LLC Fiduciaries of benefit plans covered by the Employee Retirement Income Security Act of 1974 (ERISA), including ESOPs, are subject to personal liability
CenterState CEO announces Business of the Year finalists in five categories
SYRACUSE, N.Y. — CenterState CEO on Wednesday announced finalists for its 2022 Business of the Year awards. CenterState CEO will recognize a single company or
Strategic Financial opens Little Falls office
LITTLE FALLS, N.Y. — Strategic Financial Services, Inc. has opened a new location in Little Falls as a new member of Rock City Centre (RCC),
Cornell University announces tuition, financial-aid increases for next academic year
ITHACA, N.Y. — Cornell University’s 2022-2023 budget includes a tuition increase of nearly 4 percent for undergraduate students, but that rise will be offset to
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