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New CEO of St. Joseph’s Health /SPHP begins duties
SYRACUSE — He had been serving as COO for the merged entity of St. Joseph’s Health of Syracuse and St. Peter’s Health Partners (SPHP) of Albany since last June. With the start of 2023, Dr. Steven Hanks became president and CEO of the regional health organization. Both St. Joseph’s Health and SPHP are part of […]
NBT Bank to move CNY regional HQ to The Post later this year
SYRACUSE, N.Y. — NBT Bank says it is planning to move its Central New York regional headquarters to The Post building later this year. The Post is the rebranded name of the building that was formerly home to The Post-Standard newspaper, which VIP Development Associates, the development arm of VIP Structures, is renovating into its
NUAIR’s Stewart reelected president of the Commercial Drone Alliance
Ken Stewart, president and CEO of NUAIR, will also continue serving as president of the nonprofit Commercial Drone Alliance (CDA). NUAIR (Northeast UAS Airspace Integration Research Alliance Inc.) is a Syracuse–based nonprofit that provides expertise in uncrewed-aircraft systems (UAS). NUAIR manages New York’s 50-mile UAS corridor between Syracuse and Griffiss International Airport in Rome. A UAS
Four CNY localities to prep projects for DRI, NY Forward
HOMER, N.Y. — The Village of Homer in Cortland County, Village of Moravia in Cayuga County, Village of Phoenix in Oswego County, and Village of Hamilton in Madison County are preparing to organize plans for spending state funding to improve their communities. New York State has awarded Homer $10 million as the Central New York
Herkimer College to add esports- management degree and arena this fall
HERKIMER, N.Y. — Herkimer County Community College will add a new esports-management degree this fall and a new esports arena to support the new degree and the esports team on campus. “This is an exciting time for Herkimer College with the addition of esports management to our academic portfolio,” Cathleen C. McColgin, Herkimer College president,
SECURE 2.0 Act brings changes to retirement planning
SYRACUSE — Passed at the end of 2022, the SECURE 2.0 Act contains many new benefits for employers as well as employees in hopes of boosting retirement savings across the country. The act (formally known as the Consolidated Appropriates Act of 2023 (HR 2617) builds upon the 2019 SECURE Act with about 90 provisions that
KeyCorp to pay Q1 dividend in mid-March
KeyCorp (NYSE: KEY) — parent of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York area — has declared a quarterly cash dividend of 20.5 cents per share of its common stock for the first quarter. The dividend is payable on March 15, to holders of record as of the
M&T Bank Corp. adds Hearst executive to board
M&T Bank Corp. (NYSE: MTB) recently announced that it has added Carlton J. Charles, senior VP of treasury and risk management at Hearst, to its board of directors. Upon his election, effective Jan. 18, Charles was appointed as a member of the nomination and governance committee of M&T’s board. He was also elected to the
VIEWPOINT: Retirement Planning has Changed Again with SECURE Act 2.0
In 2019, Congress passed and President Donald Trump signed into law the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The intent of this law was to improve the way businesses provide retirement benefits to employees. In 2022, some long-awaited changes to the original act were introduced, and what is now known as SECURE
State pension fund posts 4.5% return in latest quarter
ALBANY, N.Y. — The estimated value of the New York State Common Retirement Fund hit $242.3 billion at the end of the state’s 2022-2023 fiscal third quarter. For the three-month period ending Dec. 31, 2022, the fund’s investments returned an estimated 4.51 percent, the office of New York State Comptroller Thomas DiNapoli announced Feb. 10.
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