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Small Business

John A. Vaccaro

Community Financial System appoints Vaccaro as new independent director

DeWITT, N.Y. — Community Financial System, Inc. (NYSE: CBU) announced it has appointed John A. Vaccaro to its board of directors as a new independent director, effective Oct. 1. Vaccaro is chairman emeritus of MML Investors Services, LLC, a national broker-dealer and registered investment advisor with more than $285 billion in assets under management, and

Ithaca company wins $500K in Grow-NY competition; NYC firm wins grand prize

CANANDAIGUA, N.Y. — An Ithaca business secured $500,000 in the seventh annual Grow-NY agribusiness competition held last week in Canandaigua. The company called Seen Nutrition is a food tech startup in the menopause market, initially focused on bone health, with a patented dietary calcium chew made with dairy produced in Central New York. Brekland of

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Kurt Foreman

New IAED leader begins duties in January

ITHACA, N.Y. — Ithaca Area Economic Development (IAED) describes its next president as someone who brings more than three decades of economic-development experience across the U.S. and a “proven track record of attracting business investment” to the role. IAED on Nov. 4 announced it has selected Kurt Foreman to lead the organization beginning in January

PAR Technology posts narrower net loss in third quarter

NEW HARTFORD, N.Y. — PAR Technology Corporation (NYSE: PAR) recently reported a net loss of nearly $18.2 million for the third quarter ending Sept. 30. It was a narrower loss than the more than $19.8 million loss (or almost $20.7 million for continuing operations only) that the New Hartford–based company posted in the third quarter

The Agency

The Agency starts planning process for manufacturing workforce-training center

DICKINSON, N.Y. — The Broome County Industrial Development Agency (The Agency) on Nov. 12 issued a request for qualifications and proposals (RFQ/RFP) to plan the creation of a regional advanced manufacturing workforce-training center. The Agency describes it as a “first-of-its-kind facility designed to strengthen the Southern Tier’s growing innovation and manufacturing economy.” The proposed hub

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