Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
SBA Syracuse District loan approvals, dollar value rise in 2014 fiscal year
SYRACUSE — The Syracuse district office of the U.S. Small Business Administration (SBA) supported loan activity in fiscal year 2014 that represented a 10 percent increase in number of approvals and a 14 percent rise in dollar value over the last fiscal year. The agency backed 648 loans valued at nearly $147 million during the […]

Paint and sip business, Art & Vine, opens in downtown Utica
UTICA — Art & Vine, Utica’s first “paint and sip” business, formally opened in downtown on Nov. 10. Located on 157 Genesee St. in a 1,419-square-foot space, the business is owner Connie Pratt’s first venture. In a “paint and sip” business, beer or wine is offered while patrons participate in an art class. The U.S.
Four employee crime schemes plague businesses, study reveals
Business owners buy insurance to protect their firms from a variety of risks, but they may be overlooking one critical risk. “Business owners spend a significant amount of time and resources protecting their businesses from a variety of risks, whether it’s liability for their products or services or severe weather,” Helen R. Savaiano, president of management

New owner wants Syracuse Crate to include more local favorites
CLAY — Syracuse Crate, a six-year-old online retailer of gift boxes that include products made in Central New York, has a new owner who has plans to expand the offerings. It’s a method for people and businesses to ship the area’s “iconic” foods around the world, says Thomas Connors, sole owner of Syracuse Crate. “There’s
Here we are, nearing year-end, and everyone’s favorite topic — income-tax planning. This year you should be hearing your CPA mention things like net investment income tax and the unknowns around the fate of the “extenders.” While the net investment income (NII) tax is not pleasant, it exists and can be counted on as a
“The only thing that saves us from the bureaucracy is its inefficiency.” — Eugene McCarthy We’ve all seen the news reports on the ability of “computer hackers” to access electronic information that is reportedly well protected. These reports are relatively ominous. Millions of individuals have had their credit-card information illegally obtained. Hackers around the globe

Junior Achievement ramps up to serve Central New York
Junior Achievement (JA) of Central Upstate New York is reconnecting with Central New York businesses and professionals to bring its programs back to area schools. After the CNY chapter of JA formally dissolved at the beginning of 2014, the Rochester chapter announced in February it had assumed responsibility of the CNY region. Now covering 25
University Hill Drives $650 Million in Economic Activity
Syracuse’s University Hill continues to be a hub of economic energy and activity. Institutions on the Hill provide industry-leading education and medical care while also generating more than $650 million in total development between 2013 and 2015. Every day, more than 25,000 people, or 8 percent of all employees in the Syracuse metropolitan area, go

Onondaga County Medical Society elects Dr. Dennis Nave as president
SYRACUSE, N.Y. — The Onondaga County Medical Society elected and installed Dr. Dennis Nave as its 187th president during its annual dinner held Nov. 13

VF Outlet opens on second level at Destiny USA
SYRACUSE, N.Y. — VF Outlet on Friday opened a new store on Destiny USA’s second-level expansion, across from Jos. A. Bank. Destiny USA made the
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.