Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

Wegmans limits toilet-paper purchases after frantic buying
Wegmans announced it is limiting shoppers to the purchase of one family pack of Wegmans-branded bath tissue after a run on toilet paper and other

McMahon: Still no confirmed coronavirus cases in Onondaga County as of midday Monday
SYRACUSE, N.Y. — As of midday Monday, Onondaga County still had no confirmed cases of coronavirus, but 19 people are under quarantine following overseas travel.

Embassy Suites Destiny USA announces new general manager
SYRACUSE, N.Y. — Embassy Suites by Hilton at Destiny USA is promoting its assistant general manager to the top position. Justin Chapman will begin his

BINGHAMTON, N.Y. — The UHS health-care system announced it has appointed Rick Borschuk as its senior VP and CFO, a position he has held on

Syracuse basketball’s Hughes named first-team all-ACC
SYRACUSE, N.Y. — Syracuse basketball forward Elijah Hughes, who led the ACC in scoring this season, has been named first-team all-conference, the ACC announced Monday

Number of New York coronavirus cases rises; state of emergency declared
(Updated at 3:30 p.m. on 3/8/20) ALBANY, N.Y. — Gov. Andrew Cuomo on Sunday confirmed additional cases of novel coronavirus, bringing the statewide total to

MACNY announces SRC’s Daniel Brown as 2020 Innovator of the Year
DeWITT, N.Y. — MACNY, the Manufacturers Association, on Friday announced that it has selected Daniel Brown of SRC, Inc. as the 2020 Innovator of the

Community Bank System to pay Q1 dividend of 41 cents in April
DeWITT— Community Bank System, Inc. (NYSE: CBU) announced that it has declared a quarterly cash dividend of 41 cents per share on its common stock. The dividend will be payable on April 9 to shareholders of record as of March 16. The dividend is the same amount that Community Bank paid in each of the
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DeWITT— Community Bank System, Inc. (NYSE: CBU) announced that it has declared a quarterly cash dividend of 41 cents per share on its common stock.
The dividend will be payable on April 9 to shareholders of record as of March 16. The dividend is the same amount that Community Bank paid in each of the previous two quarters, after it increased the payment by 8 percent from the previous dividend of 38 cents a share.
The new dividend of 41 cents represents an annualized yield of about 2.4 percent, based on Community Bank’s current stock price.
Community Bank System operates more than 230 branches across upstate New York, northeastern Pennsylvania, Vermont, and western Massachusetts through its banking subsidiary, Community Bank, N.A. With assets of nearly $11.5 billion, the banking company is among the nation’s 150 biggest financial institutions.
Broome County hotel occupancy rate edges up in January
BINGHAMTON — Hotels in Broome County welcomed ever so slightly more guests in January than in the year-ago month, according to a recent report. The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county inched up 0.2 percent to 40.6 percent in January, according to STR, a Tennessee–based hotel market
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BINGHAMTON — Hotels in Broome County welcomed ever so slightly more guests in January than in the year-ago month, according to a recent report.
The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county inched up 0.2 percent to 40.6 percent in January, according to STR, a Tennessee–based hotel market data and analytics company. It was the seventh consecutive monthly increase in occupancy.
Broome County’s revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, rose 0.8 percent to $32.90.
Average daily rate (or ADR), which represents the average rental rate for a sold room, was up 0.7 percent to $81.04 in January.

3 CNY businesses receive NYS service-disabled veteran-owned business certification
New York Office of General Services (OGS) Commissioner RoAnn Destito recently announced that three Central New York businesses have each been certified as a service-disabled veteran-owned business (SDVOB). The New York OGS Division of Service-Disabled Veterans’ Business Development (DSDVBD) issued the certification to CEK Consulting Services LLC, an Elmira firm that provides engineering-support services; the
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New York Office of General Services (OGS) Commissioner RoAnn Destito recently announced that three Central New York businesses have each been certified as a service-disabled veteran-owned business (SDVOB).
The New York OGS Division of Service-Disabled Veterans’ Business Development (DSDVBD) issued the certification to CEK Consulting Services LLC, an Elmira firm that provides engineering-support services; the Quality of Life Agency LLC, a marketing consultant located in Binghamton; and Beacon Water Equipment Co. Inc., a Chenango Bridge firm that specializes in water-treatment services and systems.
These three firms were among four newly certified business announced by OGS on Feb. 18. The DSDVBD was created by Gov. Andrew Cuomo in 2014 through enactment of the Service-Disabled Veteran-Owned Business Act. As of Feb. 18, a total of 774 businesses have been certified.
The law promotes and encourages participation of SDVOBs in New York State public procurements of public works, commodities, services and technology to “foster and advance economic development” in the state.
For a business to receive certification, one or more service-disabled veterans — with a service-connected disability rating of 10 percent or more from the U.S. Department of Veterans Affairs (or from the New York State Division of Veterans’ Affairs for National Guard veterans) — must own at least 51 percent of the business. Other criteria include: the business must be independently owned and operated and have a significant business presence in New York, it must have conducted business for at least one year prior to the application date, and it must qualify as a small business under the New York State program. Several more requirements also need to be met.
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