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M&T Bank says 85 percent of PPP loan applications are coming from repeat borrowers
SYRACUSE, N.Y. — M&T Bank Corp. (NYSE: MTB), the largest SBA lender and bank ranked by deposits in Central New York, says that so far
GWNC Chamber to host virtual week-long economic forum
WATERTOWN, N.Y. — The Greater Watertown – North Country (GWNC) Chamber of Commerce will host its economic forum Jan. 25 through Jan. 29 from 9
ReUse Caboose & Training Center opens in Ithaca
ITHACA, N.Y. — Finger Lakes ReUse — an Ithaca nonprofit that promotes the reuse of materials while providing job training and employment opportunities — formally opened its ReUse Caboose & Training Center in mid-December. The ReUse Caboose — located at 700 W. Buffalo St., on the north side of the building in Greenstar’s former “The
Mixed Methods: Shopping Small Made Easy
The COVID-19 pandemic has sped up the adoption of e-commerce sites and online-shopping portals for small enterprises, and one example we see of that locally is Mixed Methods, nestled in Hanover Square in Syracuse. Mixed Methods is a brick-and-mortar retail shop, located at 215 E. Water St. Rear, that features a variety of unique artists’ work from
ICS expands footprint into New England with acquisition of Massachusetts IT firm
ENDICOTT, N.Y. — An Endicott–based information-technology company has expanded its footprint into the New England region with a recent acquisition. ICS on Jan. 7 announced it has acquired AKUITY Technologies, a provider of information technology (IT) managed services in the greater New England area. ICS — a provider of IT managed services and cybersecurity products
Stewart’s Shops begins 2021 by acquiring Red-Kap’s assets
SARATOGA SPRINGS — Stewart’s Shops opened 2021 by announcing that the company is expanding with the acquisition of the assets of Schenectady–based energy company Red-Kap. The acquired assets include eight convenience stores, four car washes (one is currently under construction), and fuel distribution to more than 75 dealers, “which is the heart of the deal,”
VIEWPOINT: 5 Ways Small Businesses Can Grow in 2021 After Emerging From Disruption
The pandemic made 2020 a difficult year for many small businesses, as many closed permanently. But other small companies had success despite the surge in outbreaks and are hoping to build on those achievements in 2021. How can they keep their momentum going, and what can other businesses learn from their struggles to navigate the challenges of
Syracuse orange-zone restaurants spring back to life with indoor dining
SYRACUSE, N.Y. — One by one, restaurants in the former orange zone encompassing the city of Syracuse are springing back to life now that they
How the SBA’s new round of PPP loans works
It started with community financial institutions The U.S. Small Business Administration (SBA) and U.S. Treasury Department on Jan. 11 reopened the loan portal for the Paycheck Protection Program (PPP), the forgivable-loan initiative that seeks to help small companies survive the economic dislocations of the COVID-19 pandemic. This round of the PPP authorizes up to $284 billion toward
Restaurants in orange zone can reopen for indoor dining, Cuomo’s counsel says
SYRACUSE, N.Y. — Restaurants operating in orange zones under New York State’s COVID-19 cluster initiative can reopen for indoor dining across the state, Gov. Andrew
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