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Tompkins Financial to pay Q2 dividend of 52 cents on May 18

ITHACA — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors approved payment of a regular quarterly cash dividend of 52 cents a share for the second quarter.  The dividend is payable on May 18, to common shareholders of record on May 11. It’s the same amount that Tompkins Financial paid in […]

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Thank you for turning to CNYBJ during these tough times

The Central New York Business Journal has been publishing for 34 years. During that time, the business community in our region has never faced a challenge like the COVID-19 pandemic. While business activity over this period of social distancing has slowed to a crawl, the need for business news is more urgent than ever. The

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DEC cites construction firm for environmental violations at St. Lawrence River site

MORRISTOWN — On March 23, Mike Sherry, an environmental conservation police officer with the New York State Department of Environmental Conservation (DEC), was patrolling along the St. Lawrence River in the town of Morristown at 295 River Road, when he saw several construction vehicles.  Sherry noted that a company was working on the riverbank, so

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Cayuga Health using Rheonix same-day COVID-19 testing for faster results

ITHACA — Cayuga Health is working with Rheonix Inc. to provide same-day turnaround for COVID-19 test results. The organizations announced their partnership April 30, a day after the U.S. Food and Drug Administration (or FDA) had granted Rheonix emergency use authorization for its Rheonix COVID-19TM MDx assay.  The “rapid” sample-to-answer test enables the “fully automated”

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Oneida Health offering telehealth service for patient visits

ONEIDA — Oneida Health has implemented telehealth at all of its primary-care offices, its Quick Care locations, and many of its specialty practices throughout Madison and Oneida counties.  The organization announced that it took the step to help meet the needs of patients during the COVID-19 pandemic. Across the nation, the public-health crisis has led

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Upstate Medical University holds virtual commencement ceremony

SYRACUSE — Upstate Medical University on May 1 conducted its first-ever virtual commencement, conferring degrees on 419 students who graduated from Upstate’s four colleges. The event was originally set for May 3 at the SRC Arena on the Onondaga Community College campus, but since the COVID-19 pandemic, all large gatherings have been canceled, “necessitating the

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Area hospitals ready to resume outpatient, elective surgical procedures

Rome Memorial Hospital (RMH) on May 1 announced it is now ready to restart elective surgical procedures. In collaboration with its physicians, RMH says it redesigned workflows to test patients for COVID-19 before surgery. It is also designating separate entrances, elevators, units, and staff for patients’ “enhanced safety,” Mark Murphy, president and CEO of RMH,

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Crouse receives financial boost with resumption of elective surgeries

SYRACUSE — Crouse Health has received a vital fiscal shot in the arm now that it has restarted elective surgeries. The Syracuse–based health system was slated to resume outpatient elective surgeries and procedures on May 7, now that the state has allowed them in our region and across much of upstate New York. Crouse had

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SBA clarifies nonprofit hospitals are eligible for PPP loans

The U.S. Small Business Administration (SBA) recently provided clarification for how nonprofit hospitals can qualify for Paycheck Protection Program (PPP) loans The low-interest, forgivable loans are meant to be a lifeline for small businesses and nonprofits during the COVID-19 pandemic, helping them to keep their employees. In an interim final rule published on April 28,

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Slow, Strategic, Safe: Preparing for a Return to the Workplace

“The worst economy ever,” Federal Reserve Chairman Jerome Powell recently said. Let that sink in for a moment. More than 30 million workers have filed for unemployment  benefits in the last six weeks. Emerging data is shedding light on just how dis-equitably the economic pain is being distributed throughout our communities, with many of the

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