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Using Tax-Exempt Financing to Help Attract Foreign-Direct Investment
If you are a manufacturer, bank, or economic-development organization (EDO), you need to know about Section 144 of the IRS Tax code: https://www.irs.gov/Tax-Exempt-Bonds/Section-144-Small-Issue-Bond-Defined-10000000-Limit-Manufacturing-Facility. This government-sponsored program is meant to help stimulate public and private investment from abroad and here locally. Manufacturers, assisted living, multi-unit, waste management, and other for-profit entities can take advantage of this […]
Chemung Financial appoints Tully to board of directors
ELMIRA, N.Y. — Chemung Financial Corp. (NASDAQ: CHMG) announced that it has appointed Kevin B. Tully, of Saratoga Springs, to the boards of directors of
Rome Memorial Hospital affiliates with St. Joseph’s Health
ROME, N.Y. — Rome Memorial Hospital (RMH) has announced an affiliation agreement with St. Joseph’s Health of Syracuse that RMH hopes will “expand access to
Bank of America boosts employment at Utica contact center
UTICA — In December, Michael W. Brunner, Central New York market president for Bank of America, shared with local partners, clients, and friends the bank’s decision to expand its services at the Horatio Street customer contact center and boost the employment to handle the growing national volume of calls. “There are approximately 600 employees at
Entrepreneurial Leadership: The Answer to Fixing Our Economy
We need more entrepreneurs and startups in America to restore our economy, one that was once the envy of the world. Entrepreneurs are people who own businesses. However, I know a lot of them that are not very entrepreneurial. Startups are new companies whose failure rate runs between 50 percent and 85 percent, depending on
New director leading CITEC Business Solutions in Potsdam
POTSDAM — A man who has worked as a business advisor at CITEC Business Solutions since February 2013 is now the organization’s executive director. CITEC’s board of directors has appointed Reg Carter as the nonprofit’s new executive director. Carter started his work as executive director on Feb. 10, the organization said in a news release
People news: Preferred Mutual Insurance hires Pasternak as digital-media specialist
NEW BERLIN, N.Y. — Andrew Pasternak has joined Preferred Mutual Insurance Co. as a digital-media specialist, the insurance company announced. He brings more than 11
Schneiderman alerts consumers about phony government collection scams
New York Attorney General Eric T. Schneiderman recently issued a consumer alert about “imposter” phone scams. The callers pose as representatives from the attorney general’s
People news: Bonadio promotes two to leadership positions in Syracuse
SYRACUSE, N.Y. — The Bonadio Group announced it has named partners Gail Kinsella and Bettina Lipphardt co-leaders of the firm’s Central New York Healthcare/Tax-Exempt Team,
New York manufacturing index turns positive for first time since last summer
The Empire State Manufacturing Survey general business-conditions index rose 17 points to 0.6 in March, its first positive reading since July of last year. That
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