Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Bank marketing: What happened to the toasters?
The year was 1979. President Jimmy Carter appointed Paul Volcker as chairman of the board of governors for the Federal Reserve System. Volcker’s challenge was to tame the “stagflation” crisis, which he did by raising the federal funds rate from 11 percent in 1979 to 20 percent in 1981. In the same year, the prime […]
Does Your FSA Plan Meet ACA’s Excepted Benefit Requirements?
Your organization’s health plan is not the only employee benefit that will be affected by the Affordable Care Act (ACA) in 2015. Employers that offer a flexible-spending account (FSA), or a cafeteria plan, need to be aware of new mandated requirements established under ACA, and set to go into effect for plan years beginning on

Harden Furniture plans major capital investment
McCONNELLSVILLE — The year was 1844. The 15th quadrennial, national, presidential election, between James K. Polk and Henry Clay, was underway. The great debate in the U.S. Congress was whether slavery should be extended to future states. That year, the Harden family began making quality kitchen chairs to supplement the work at the family sawmill,

Cuomo signs Craft New York Act, offers $3M in promotional funding
Gov. Andrew Cuomo recently signed the Craft New York Act that he says cuts “burdensome” requirements placed on craft-beverage manufacturers and eases restrictions on the marketing of products. Cuomo also launched two craft-beverage grant programs. The $3 million in promotional funding includes a $2 million craft-beverage marketing and promotion-grant program, and $1 million craft-beverage industry
ESD awards funding to Broome, Oneida County firmsESD awards funding to Broome, Oneida County firms
Companies in Broome and Oneida Counties will use state funding that the board of directors of Empire State Development (ESD) approved during a recent session
Welch Allyn unveils new website, online parts store
SKANEATELES FALLS — Welch Allyn’s customers spoke and the medical diagnostic-device manufacturer listened. The result is a newly launched website for U.S. customers that includes improved features, making it easier for clients to interact with Welch Allyn by computer, tablet, or smartphone. “We recognize that customers like our product, but we have to recognize that’s
Shop Small Business Saturday and Every Day
As we count down the days until the holiday season begins, many of us are planning our shopping strategy to make sure we get our loved ones those special gifts. I know many people may be focused on Black Friday, but please remember that the very next day is Small Business Saturday, Nov. 29. The
Community Bank System to pay dividend of 30 cents a share
DeWITT, N.Y. —– Community Bank System, Inc. (NYSE: CBU) announced that it has declared a quarterly cash dividend of 30 cents a share on its
CNY unemployment rates fall in October compared to a year ago
Unemployment rates in the Syracuse, Binghamton, Utica–Rome, and Ithaca metro areas declined in October, compared to a year ago, according to the latest New York

People news: MVCC appoints McDonald as director of community and workforce development
UTICA, N.Y. — Mohawk Valley Community College (MVCC) has appointed William McDonald as the new director of community and workforce development in the school’s Center
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.