Get our email updates
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
What's New
Upcoming Events
CNYBJ Job Board
Subscriber Only
VIEWPOINT: COVID-19 Business-Succession Planning
In just [10] months, the COVID-19 pandemic has changed nearly everything — how we work, play, teach, shop, and travel. And its full impact is still not known, as the virus continues to claim lives and livelihoods. Amid so much tumult and uncertainty, it’s essential for business owners to review and update their business-succession plans. […]
New York’s closed & pending home sales jump in November
ALBANY, N.Y. — New York realtors sold 13,276 previously-owned homes in November, up 21 percent from 10,961 homes sold in November 2019, as the housing market continued to show strength amid a limited inventory of homes. The growth of closed sales is also likely to continue as pending sales in November climbed more than 32
Health-benefit costs rose 3.4% in 2020 for firms with 50-plus employees
Total health-benefit costs rose 3.4 percent, on average, in 2020, reaching $13,674 per employee among all U.S. employer health-plan sponsors with 50 or more employees. That’s according to the annual Mercer “National Survey of Employer-Sponsored Health Plans 2020,” which the firm released Dec. 8. The 3.4 percent figure represents “the lowest annual health-cost increase in over two
SUNY provost appointed acting president of SUNY Poly
MARCY, N.Y. — SUNY Polytechnic Institute (SUNY Poly) begins the new year with new leadership. The SUNY board of trustees on Dec. 29 appointed SUNY Provost Tod Laursen as SUNY Poly’s acting president. His appointment is effective immediately. A search for a permanent SUNY Poly president will begin “shortly,” SUNY said in a news release.
VIEWPOINT: Managed Accounts in 401(k) Plans & the Choice they Offer Plan Advisers
In a recent PlanAdviser magazine article, it was reported that a participant in Nestlé’s 401(k) Savings Plan had filed a proposed class-action lawsuit. It alleged a breach of fiduciary duties under the Employee Retirement Income Security Act (ERISA). Frankly, by itself, an article like this wouldn’t have caught my attention. Participant lawsuits alleging fiduciary wrongdoing are so
Briggs & Stratton offers some MVCC students employment following welding internships
UTICA, N.Y. — Some students at Mohawk Valley Community College (MVCC) have secured positions with the Sherrill location of Briggs & Stratton Corp. following their welding internships. MVCC says it partnered with Briggs & Stratton for the welding internships. Briggs & Stratton — headquartered in Wauwatosa, Wisconsin — says it is the world’s largest manufacturer
KeyCorp names Fiala head of corporate responsibility
KeyCorp (NYSE: KEY), parent of KeyBank, recently announced that it has appointed Eric Fiala as head of corporate responsibility. In this role, Fiala oversees the company’s community engagement; environmental, social, and governance (ESG); philanthropy, and Community Reinvestment Act teams. Fiala joined KeyCorp in 2002 and has held roles of increasing responsibility in corporate finance, analytics, and
Insurers mandated to suspend preauthorization requirements
The New York State Department of Financial Services (DFS) on Dec. 13 issued a letter directing insurers to suspend certain preauthorization and administrative requirements to help hospitals implement New York’s “surge and flex” protocol. The protocol — which mandates all hospitals to begin expanding their bed capacity to prepare for a COVID-19 surge — is part of
New Yorkers can use new paid sick-leave benefits under new state law
New Yorkers can begin using sick-leave benefits under the state’s paid sick-leave law that took effect Jan. 1. The new law secures paid sick leave for workers at medium and large businesses and paid or unpaid leave for those at small businesses, depending on the employer’s net income, the office of Gov. Andrew Cuomo announced Dec. 29.
VIEWPOINT: From Employee To Entrepreneur: Becoming Your Own Boss in 2021
Maybe you have dreamed of launching your own business for years but couldn’t summon the nerve — or the capital — to pull it off. Perhaps 2020 proved disastrous to your career aspirations when the company you worked for downsized or shut down altogether — and out the door you went. Either way, 2021 could be
Get our email updates
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.