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

New York State Broadcasters Association elects Galaxy’s Levine as board chairman
The New York State Broadcasters Association, Inc. (NYSBA) announced it has elected Ed Levine, president and CEO of Galaxy Communications in Syracuse/Utica, as its board

CrossFit Exagora to formally open near Oriskany on Friday
ORISKANY, N.Y. — A new specialty fitness gym, called CrossFit Exagora, will formally open this Friday near Oriskany. CrossFit Exagora will hold a ribbon-cutting event

CNY Executive: A chat with Eric Hinman, a serial Syracuse entrepreneur
In this issue, I speak with Eric Hitman, a serial entrepreneur and competive endurance athlete. His passion for health and wellness led him to co-found two Syracuse–based businesses — Urban Life Athletics (a CrossFit gym, indoor cycling studio, and high-intensity training studio) and Original Grain (a healthy, fast-casual restaurant). Hinman is also an investor in
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
In this issue, I speak with Eric Hitman, a serial entrepreneur and competive endurance athlete. His passion for health and wellness led him to co-found two Syracuse–based businesses — Urban Life Athletics (a CrossFit gym, indoor cycling studio, and high-intensity training studio) and Original Grain (a healthy, fast-casual restaurant). Hinman is also an investor in several New York City–based wellness businesses — WellWell, SWERVE Fitness, and Fitner Media. He also represents the athletic clothing company lululemon as a brand ambassador.
KNAUSS: Tell me a little bit about your background and how your career started.
HINMAN: I attended SUNY Geneseo from 1998 to 2002, majoring in business management. I grew up working for my father, who was the president of a small insurance company in Parish, called Oswego County Mutual Insurance Co. I didn’t really know exactly what I wanted to do after college. I didn’t go there with a certain mission that I’m going to be this when I grow up. I just wanted to get a broad spectrum of education, marketing, finance, accounting, and then kind of figure out how to apply it. So, my dad gave me an opportunity right out of college to work for him and sell property and casualty insurance. The timing was favorable because it was during what was called the hard market in insurance, meaning insurance prices were going up and I picked certain niches, mainly campgrounds and marinas that were experiencing just tremendous increases in their premiums. They were eager to shop for better prices.
The first seven or eight years of my professional career were spent selling property and casualty insurance, driving around New York state, soliciting these niche businesses and selling them policies. I learned early on that it’s best to focus on a niche rather than try to be a jack of all trades because then word spreads rapidly in that vertical market that you’re an expert, and you become the go-to person in that industry. So, that was one of the first things I learned in building a successful business. I worked directly for my father for two years, building up my book of business and then I went off on my own and started my own insurance agency and started licensing sub-brokers to sell insurance underneath me, soliciting very similar markets. I built that from 2002 until about 2009.
KNAUSS: What came next?
HINMAN: Then in 2009, I started stepping away a little bit from the day-to-day management and got involved in software.
I started a company called AppFury. Over a two-year period, from 2009 to 2011, I hired an employee who started managing the insurance business for me; up until then, I was hands-on. I was the guy who would go on vacation and would take every single phone call, just stay glued to my Blackberry at that time. I realized then that you don’t have to do everything. Instead focus on the things that only you can do that you’re most valuable at being involved in and delegate those other things. Building a business and building a team is so important. Having great people around you is critical to building successful businesses. As I delegated more, I realized that’s how you succeed and that’s how you become a serial entrepreneur. You just put a great team in place and then you can go on and pursue other things.
After I put a great team in place in the insurance business, I started working on software, building mobile applications, and web applications for clients. I partnered with a friend, Steve Von Deak, and we were in the Tech Garden in Syracuse. While being in the Tech Garden, we met the crew at Rounded and ended up merging with them in 2012. That’s really when we started firing on all cylinders and started doing great work and growing rapidly. I was involved there until 2014 and at the same time, I was training competitively for Ironman triathlons. It was just becoming very difficult to manage all the different things I was involved in. Around the same time, I also invested in a startup, Urban Life Crossfit and slowly got sucked more and more into the day-to-day of helping build the brand and grow that business. In 2014, I sold my shares in Rounded and focused entirely on training for triathlons and then growing the business and the brand at Urban Life.
KNAUSS: How did that go?
HINMAN: So, from 2013 through now, 2016, Urban Life has grown from a small CrossFit gym to a CrossFit gym, indoor cycling studio, and a high-intensity training studio. It has become a great brand here in Syracuse that I’m really passionate about and I love the community that we have built. In unison with that and in my travels, I’ve always been passionate about food and have seen a major trend toward healthy, fast casual restaurants in major cities. More people are becoming cognizant of what they put in their bodies and how that affects not only the way they appear, but also their physical performance and mental performance. I wanted to bring a concept like that here and develop a friendship and partnership with Chris Bily and Matt Goddard. Bily was one of the initial founders of Modern Malt and Goddard is owner of Café Kubal. Together, we conceptualized this healthy, fast-casual restaurant, called Original Grain. A great space just landed in our lap — the old Tim Horton’s location at the corner of South Salina and West Fayette Streets. In the past three or four months, we’ve been building up that space. It has been about a year in the works of conceptualizing everything and figuring out exactly what we wanted it to be. The next project for me is helping to build that business and brand, but not being involved intimately in operations. That means I’ll be just on the backend, helping with promotions.
KNAUSS: What do you think it was that drove you to get involved with so many diverse businesses?
HINMAN: Everything I’ve done since the insurance business has involved passion projects. But it was more than just passion that led me to each project; it’s something that I wanted to create to not only help me, but also to help other people. So, AppFury was that. Steve Von Deak and I were in New York City and we were walking around in Soho trying to find all the different shops, hotels, and restaurants. We were both passionate about our iPhones and saw this app ecosystem exploding in 2009. We built an app that helped tourists get around in Soho and then our plans were to scale that to every trendy section of every major city. We rolled one out in Midtown and then we had plans to roll one out in the meat packing district, then Aspen, Colorado, and California. But we soon realized that the way we were doing it wasn’t scalable, and at the same time, we were getting a lot of calls from people that wanted us to build apps for them. So, we transitioned into being more of a service-based business.
As for the gym — you know, essentially I’m solving my own problem — cool place to work out with a great community. In my travels, I saw how boutique fitness is exploding in major cities and wanted to bring that here. Same thing with the healthy, fast casual concepts in a hip restaurant with fun music playing. These are places I go to when I travel and I wanted to bring that here and allow other people to be able to experience it. So, I’ve just followed my passions and more so lately, everything has been kind of in the health and wellness space.
KNAUSS: How do you hire a new, great team member?
HINMAN: I seek people that are coachable. I like people that are into self-improvement because I feel like if they are into that, then they are going to want to continue to get better at whatever they’re involved in. They’ll not only improve themselves, but also better the business for which they work. I like people that are lifelong learners, read a lot, and have personality — all of that matters more than education. I feel like that brings more to the table than just a fancy education. I certainly don’t want people that are just there for a paycheck. I want people that are there because they feel like they share that same passion you do and they want to do something for the greater good.
KNAUSS: How do you guide culture in a growing organization?
HINMAN: I don’t know how much this goes for culture, but certainly living by example is important. Rather than just dictating, showcase the behaviors and the way that you conduct yourself, so that people follow suit. Culture involves just making people feel like they are part of something and that they’re not there just to make money for the business. They are there because they are building something great that’s helping people that they are passionate about and doing a lot of internal and external fun events with everyone. Creating a community with everyone in the organization is important, so doing fun things at the office and fun things outside of the office is key. The other thing is empowerment. I’ve never been a dictator-type leader. Letting people make their own decisions and allowing people to have authority in doing things is my approach.
KNAUSS: What is a major piece of advice you would give to somebody that’s interested in starting their own business?
HINMAN: Just do it. It’s difficult to tell someone who has a secure paycheck, a family, and has a big mortgage to just go off and start their own business. But if you’re passionate about something, start building it — whether it’s a website or a service-based business. Just do it in your off time and it shouldn’t feel like work. It should be fun. It shouldn’t be like, “Oh, I’m going to my job and then I have to do this, too.” It should be something that you look forward to doing and if you’re passionate enough about it and you can figure out how to monetize it, as soon as you start getting customers or making revenue, then it’s time to make that hard decision about whether to jump ship. I mean, so much of life is being happy. I realize that you need money to be happy, but you should also do something that you love. So, a big component of that is to just check in with yourself monthly and ask yourself, “If this is my last day, did I do everything that I would want to do today?” If the answer is no, then why are you doing what you’re doing?
KNAUSS: It seems like you travel a lot and you see a lot of different things, and it seems like that inspires you in deciding which businesses to get involved in. Why do you stay here in Syracuse?
HINMAN: It’s home base. I grew up here. My family is here and I certainly have a lot of friends here. I enjoy the things that I’ve helped build here and it’s a low cost of living. It’s a great place to start a business and run a business. You have inexpensive labor, inexpensive leases, and the risk isn’t as great as going to a major city and doing these things. It’s a nice hub and it gives me the flexibility, so that I can travel to the places that I enjoy being in. But there are not a lot of places that I go where I would want to be there full time. I enjoy going for one or two weeks at a time to different places, but I always like coming back here to the home base.
About the author: Jeff Knauss is managing partner & president of a digital-marketing firm, DigitalHyve.com, and has always been interested in hearing successful executive’s stories. He lives in Camillus with his wife Heta and son Max. For more, check out his blog at www.CnyCeo.org

Pathfinder Bancorp net income dips slightly in Q3
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), holding company for Pathfinder Bank, recently reported third-quarter net income of $820,000, down nearly 4 percent from $852,000 in the year-earlier period. Pathfinder’s earnings per share was 20 cents for both the third quarter of 2016 and third quarter of 2015. The Oswego–based banking company’s revenue (net interest
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), holding company for Pathfinder Bank, recently reported third-quarter net income of $820,000, down nearly 4 percent from $852,000 in the year-earlier period.
Pathfinder’s earnings per share was 20 cents for both the third quarter of 2016 and third quarter of 2015.
The Oswego–based banking company’s revenue (net interest income plus total noninterest income) rose almost 5 percent to $6.3 million in this year’s third quarter from $6 million a year prior.
Pathfinder’s net interest income increased 10.5 percent to $5.3 million from $4.8 million in the year-ago quarter. The improvement was led by an $802,000 rise in interest income, produced by a rise of $55 million in average loans compared to the prior-year quarter, Pathfinder said in its earnings report. The higher interest income was partially offset by a $300,000 increase in interest expense to $952,000 — primarily from a rise in the balance of subordinated loans and a 0.22 percent increase in the interest rate paid for time deposits.
Pathfinder’s noninterest income in the third quarter totaled $963,000, down 19 percent from $1.2 million in the prior-year quarter. The decrease was due primarily to a $156,000 reduction in earnings from bank-owned life insurance and an $84,000 decline in net gains on sales and redemptions of investment securities compared to the prior-year period, the banking company said in the earnings report. This was partially offset by a $31,000 increase in other charges, commissions, and fees, reflecting higher commission income from Pathfinder’s 51 percent ownership stake in FitzGibbons Agency, LLC and from investment services.
Noninterest expense for Pathfinder totaled $4.8 million in the third quarter, up more than 5 percent from $4.6 million in the prior-year quarter. The increase was mainly led by the company’s $210,000 rise in salary and benefit expenses.
“Our team produced another strong operating performance for the third quarter with loan growth of 5 percent, significant deposit inflows coming from multiple sources, and continued improvement to the bank’s already stable asset quality metrics,” Thomas W. Schneider, president and CEO of Pathfinder Bancorp, said in the earnings report. “We maintained a positive trajectory for our third quarter lending activity by continuing to develop solid commercial banking relationships and expanding upon our growing presence in Onondaga County. We continued to function as an effective deposit gatherer of retail, commercial and municipal accounts, as evidenced by an increase of $29.1 million in deposit balances in the quarter.”
Schneider indicated that Pathfinder Bank could benefit from customers rethinking their banking relationships in the wake of area mergers and acquisitions and branch closures.
“Of even greater long-term significance, we continue to be well positioned to compete for quality lending and deposit relationships within our service area as customers increasingly evaluate their options in the wake of the ongoing consolidation activities of certain in-market peers,” he said in the report.
Pathfinder’s net interest margin for the three months ending Sept. 30 was 3.28 percent, down from 3.39 percent in the comparable period in 2015. The lower net interest margin was primarily due to the addition of $10 million in subordinated loans in October 2015, the banking company said.
Pathfinder took a $322,000 provision for loan losses in the third quarter, up from $220,000 in the year-ago quarter. It said that reflects significant growth in the bank’s commercial-lending portfolio. The bank’s asset quality has been improving.
Year-to-date, Pathfinder’s 2016 net income totaled $2.3 million, up from $2 million for the first nine months of 2015. Earnings per share for the nine months of 2016 totaled 55 cents, compared to 49 cents in the comparable period of 2015.
Pathfinder had $473.4 million in total loans as of Sept. 30, up 10 percent from the start of the year. The increase was led by commercial real-estate lending.
The banking company had total deposits of $555.1 million as of Sept. 30, up 13 percent from the beginning of the year.
Pathfinder had total assets of $717.1 million as of Sept. 30, up 15 percent from Dec. 31, 2015.
Pathfinder Bank is a New York State chartered commercial bank that has nine branch offices in its market areas of Oswego and Onondaga counties. The branches are in Oswego (3), Fulton, Mexico, Lacona, Central Square, Cicero, and Syracuse.
Contact Rombel at arombel@cnybj.com

Cuomo’s State Fair committee considers further improvements at the venue
GEDDES — The task force that New York Gov. Andrew Cuomo appointed to consider additional improvements at the State Fairgrounds has until the end of the year to make its recommendations. Speaking at the State Fairgrounds in Geddes on Nov. 2, Cuomo said he’s willing to spend an additional $50 million for improvements on the
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
GEDDES — The task force that New York Gov. Andrew Cuomo appointed to consider additional improvements at the State Fairgrounds has until the end of the year to make its recommendations.
Speaking at the State Fairgrounds in Geddes on Nov. 2, Cuomo said he’s willing to spend an additional $50 million for improvements on the property.
The final decision will depend on the recommendations of the committee that Cuomo announced that same day, along with legislative support.
The recommendations will build on New York’s $50 million plan to revitalize the State Fairgrounds property.
“Yes, it’s a lot of money. Yes, it was a lot of money last year, but it’s an investment, and it’s an investment in upstate New York,” Cuomo said in remarks Nov. 2 at the State Fair.
The committee will recommend improvements for phase two of the State Fair master plan and evaluate options to “maximize the state’s investment and grow the region’s economy,” Cuomo’s office said.
“It’s going to be an intense sprint of service. We’re just starting November. I need the plan by the end of December because I want to put it in the [upcoming] State of the State address once again,” Cuomo said.
Cuomo wants the committee to address several topics in its final report.
“How do you increase the positive synergy between the Amphitheater and the State Fair? How do you take this Fair and make it more than a couple weeks a year, couple of months a year, a venue 365 days a year? How do you make it the premier convention exhibition site where companies all across the country want to come here all year long?” Cuomo said in listing the various questions that the group will examine.
The report could also address expanding parking, transporting visitors around the Fairgrounds faster, and figuring out the type of building the property will need to attract big shows.
Attendee feedback
Cuomo also used the event to announce that fairgoers gave the most recent State Fair “record” approval ratings “as a result of the state’s historic investment to transform the fairgrounds,” Cuomo’s office said in the release.
The fair’s annual survey found that 87 percent of the 2016 State Fair attendees rated the changes to the Fairgrounds this year as “positive.” The fair also received “record-high ratings for its family-friendliness and affordability.”
The 2016 event generated the highest level of attendance in its 175-year history at more than 1,117,000 people, per Cuomo’s office.
Members of the State Fair task force include:
Contact Reinhardt at ereinhardt@cnybj.com

Local entrepreneurs graduate from the SBA’s Emerging Leaders program
SYRACUSE — The Syracuse district office of the U.S. Small Business Administration (SBA) honored the latest graduates of its Emerging Leaders program in a graduation ceremony held Nov. 2. The SBA recognized the 17 local entrepreneurs at an event held at the Gateway Center on the campus of SUNY College of Environmental Science and Forestry
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
SYRACUSE — The Syracuse district office of the U.S. Small Business Administration (SBA) honored the latest graduates of its Emerging Leaders program in a graduation ceremony held Nov. 2.
The SBA recognized the 17 local entrepreneurs at an event held at the Gateway Center on the campus of SUNY College of Environmental Science and Forestry in Syracuse.
The Gateway Center is located east of Syracuse University’s Sadler Hall and across Forestry Drive from the Carrier Dome.
The event’s speakers included Bernard J. Paprocki, director of the SBA Syracuse district office; John Liddy, entrepreneur in residence at the Tech Garden; Nicole Samolis, owner of SKY Armory and graduate of the 2011 Emerging Leaders program; and Chris Belna, owner of A La Cart Business Services and member of the 2016 Emerging Leaders program.
The seven-month, executive-entrepreneurship education series, which the SBA describes as “intense,” provides more than 40 hours of advanced-management training.
The Emerging Leaders program targets small companies that have the “potential for rapid expansion and job creation,” the SBA said.
Now in its sixth year, Syracuse is one of 51 participating Emerging Leaders locations nationwide.
Including the 2016 class, 95 Central New York entrepreneurs have now completed the program since it launched locally.
It’s a collaboration of the SBA Syracuse District Office with CenterState CEO; CNY Technology Development Organization Inc.; City of Syracuse Office of Neighborhood and Business Development; Downtown Committee of Syracuse, Inc.; Manufacturers Association of Central New York; Onondaga County Office of Economic Development; Onondaga Small Business Development Center; SUNY College of Environmental Science and Forestry; Syracuse SCORE; Falcone Center for Entrepreneurship at the Martin J. Whitman School of Management at Syracuse University; Syracuse Technology Garden and the WISE Women’s Business Center, according to the SBA release.
The 17 members of Emerging Leaders Class of 2016 are:
Contact Reinhardt at ereinhardt@cnybj.com
Robert Half survey: small-business workers are the happiest
Employees at companies in the U.S. and Canada are “generally happy” people and those working at small businesses are the happiest of all. That’s according to a “major” research study that Robert Half and London–based Happiness Works released Oct. 27 that addresses the question of what drives people to be happy — or unhappy — at
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
Employees at companies in the U.S. and Canada are “generally happy” people and those working at small businesses are the happiest of all.
That’s according to a “major” research study that Robert Half and London–based Happiness Works released Oct. 27 that addresses the question of what drives people to be happy — or unhappy — at work.
Happiness Works is a firm that provides companies with tools to “identify, measure and manage” employee happiness, according to a Robert Half news release.
The survey of 12,000 workers examines who are the happiest, unhappiest, most stressed, and uninterested people at work.
Robert Half commissioned the survey in collaboration with Nic Marks, founder of Happiness Works and a “noted expert in the field of happiness,” according to Robert Half.
The report includes the opinions of more than 12,000 workers in the U.S. and Canada (10,000 in the U.S. and 2,000 in Canada). The survey, which was conducted online in July, included 30 questions.
On-the-job happiness
The research found most professionals are “generally happy.” On a happiness scale of 0 to 100, those surveyed scored a 71, according to the report.
The research used three key indicators to measure happiness, says Robert (Bob) Nealon, regional president for Robert Half who oversees the upstate New York and southeastern Massachusetts markets.
“The first one was having pride in the work that you do every day. The second was feeling appreciated by your organization, and then the third was being treated with fairness and respect in the workplace by your employer,” says Nealon.
He noted that 71 percent of those polled responded yes to all three of the questions asking about those indicators.
Nealon spoke with CNYBJ on Nov. 7 from his office in Westborough, Massachusetts.
The research also found that the top driver of overall workplace happiness is having pride in your organization.
Those who feel proud of their organization are three times more likely to be happy than those who are not, the report said.
The second and third top factors driving happiness are feeling appreciated and being treated with fairness and respect.
One-third of workers (33 percent) say they will likely leave their current employer in the next six months; workers who report that they are not a good match with their employers are the most apt to leave.
Nic Marks, CEO and founder of Happiness Works, noted in the news release that happiness isn’t about feeling cheerful every day or avoiding challenges.
“Work can be difficult and demanding, but if employees feel proud of what their organization does, respected as a person and appreciated for what they do, then they tend to be happy and do better work as a result. Happiness at work is a genuine win-win — great for employees and great for employers,” said Marks.
Company size and occupation
The report found small-business employees are happier. People working in firms with 10 or fewer employees have the “highest” happiness levels. Organizations with 10,000 or more employees indicated the “lowest” levels of happiness.
People working in the education and training sector, along with the marketing and design field, report the highest levels of on-the-job happiness and interest in their work. The report also found finance professionals were among those reporting the lowest levels on workplace happiness and interest.
Legal professionals reported the highest stress levels at work, while technology employees cited the lowest stress levels, according to the research.
Benefits, happiness factors
The report also outlined the benefits of having happy employees, and the six factors that influence employee happiness.
Having happy employees “creates a very good culture,” says Nealon.
“It’s very, very important for the long-term health of an organization to … create that for [its] employees,” he adds.
Having happy employees “drives retention” and encourages “meaningful contributions,” says Nealon.
The report cites six factors that influence happiness, including fitting in well at a given employee’s work place; having a sense of empowerment; feeling appreciated; handling “interesting and meaningful” work; feeling like you’re being treated fairly; and having “positive” workplace relationships.
Happiness by age, gender
The research found that millennials “want to make their mark.” For those age 34 and under, a sense of accomplishment is the “strongest determinant of happiness.”
Workers aged 35 to 54, categorized as “Generation X,” are the “least happy, most stressed out and least interested” in their work.
At the same time, employees aged 55 and up report the highest levels of happiness on the job.
The research also found that men feel more influential. In the U.S., men fare better than women in “nearly every aspect” of happiness studied.
The biggest difference was in the influence they have on business decisions, with 55 percent of men saying they are able to influence business decisions, compared to 47 percent of women.
Contact Reinhardt at ereinhardt@cnybj.com
CenterState CEO affiliate changes name to Business Solutions of NY
SYRACUSE — Benefit Specialists of New York, an affiliate of CenterState CEO, is now operating under the name Business Solutions of NY (BSNY). The organization announced the name change on Oct. 27. The organization changed its name in mid-October, coinciding with the open-enrollment period for benefits, says Frank Caliva, Jr., Sr. VP and COO of
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
SYRACUSE — Benefit Specialists of New York, an affiliate of CenterState CEO, is now operating under the name Business Solutions of NY (BSNY).
The organization announced the name change on Oct. 27.
The organization changed its name in mid-October, coinciding with the open-enrollment period for benefits, says Frank Caliva, Jr., Sr. VP and COO of CenterState CEO. He spoke with CNYBJ on Nov. 8.
Caliva describes Business Solutions of NY as a wholly owned, for-profit subsidiary of CenterState CEO.
The name change
The organization over the last two years has been looking at the changes in the employee-benefits business resulting from the Affordable Care Act and technology, says Caliva.
People are turning to the Internet for help in making decisions about how they buy and manage their benefits.
“As we started to look at all that, we began to realize, we really were a lot more than just benefits to our clients. We were really helping them manage the people side of their business,” says Caliva.
The organization’s clients were asking for advice on matters pertaining to payroll and human resources, so BSNY started working with other companies who specialized in those areas, he says.
BSNY had also purchased a technology platform called Employee Navigator, an online system that allows companies of all sizes “to manage their work force online.”
“In its simplest form, you can use it just as an online portal for employees to choose their benefits on an annual basis,” says Caliva.
After considering the factors involved, CenterState CEO decided to pursue the name change. The organization started thinking about it in the spring.
When asked if the group considers the name change a rebranding, Caliva thinks it’s “more of a reframing.”
“It’s just kind of underscoring the fact that, absolutely, we’re still all about employee benefits but we’ve always been helping [clients] with other things as well,” he says.
Business Solutions of NY services about a “couple thousand” clients, most of which are not chamber members, he notes.
“There’s a lot who are, but a significant majority of our clients at BSNY don’t happen to be chamber members,” says Caliva.
BSNY serves about 10 client chambers of commerce in Central New York, according to Caliva. Its footprint extends west to near Rochester and east to Oneida County and into Cooperstown.
“Our strongest presence is in Onondaga County,” he notes.
It markets “exclusively” through chambers of commerce and business associations, according to its website.
Business Solutions of NY offers employee benefits, including health insurance, payroll, human-resources, and regulatory-compliance services.
BSNY works with DeWitt–based ChoicePay, Inc. as its payroll provider and Syracuse–based Pinnacle Employee Services, a professional employer organization, in offering services to its clients, according to Caliva.
Caliva refers to Business Solutions of NY as a “one-stop shop” for a small or medium-sized business.
Caliva declined to disclose any financial information about BSNY, noting its financial performance is reported on as part of the overall reports of CenterState CEO.
Contact Reinhardt at ereinhardt@cnybj.com
Citizens Bank executive named to Clarkson University Board of Trustees
POTSDAM — Lauretta M. Chrys, executive VP and head of strategic onboarding for the Consumer Banking Division at Citizens Bank, has been elected to the Clarkson University Board of Trustees. She will serve on the audit and finance and budget committees, the university said in a news release. Based in Albany, Chrys provides strategic leadership
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
POTSDAM — Lauretta M. Chrys, executive VP and head of strategic onboarding for the Consumer Banking Division at Citizens Bank, has been elected to the Clarkson University Board of Trustees.
She will serve on the audit and finance and budget committees, the university said in a news release.
Based in Albany, Chrys provides strategic leadership to the management of Citizens Bank’s Consumer Banking Division’s 13,000 employee workforce through development and deployment of methods to onboard new employees. Chrys serves on the Executive Leadership Group of Citizens Financial Group, parent of Citizens Bank.
During her 25-year banking career, Chrys has held leadership positions in consumer banking, wealth management, small-business banking, commercial and government banking, and treasury products and services, according to the release.
Since 2004, Chrys held a number of senior positions with Citizens Bank, including director of retail banking in New York, and Mid-Atlantic states. As head of Premier Banking, she led the bank’s business expansion across Citizens’ 11-state footprint. Earlier in her career, she held key leadership positions with KeyBank in New York state.
Chrys is a board member and first woman chair of the Retail Banking Executive Committee of the New York Bankers Association.
Chrys received her bachelor’s degree in economics from SUNY Albany. She holds an MBA from Union College.
Clarkson University’s main campus is located in Potsdam. It has additional graduate program and research facilities in the Capital Region and in Beacon, New York.
Contact The Business Journal News Network at news@cnybj.com
State advises health insurers on requirements to cover substance-abuse treatment
The New York State Department of Financial Services (DFS) has issued guidance to health insurers outlining new insurance-coverage requirements for substance-abuse treatment. Gov. Andrew Cuomo announced the DFS guidance on Oct. 19. The action follows a new state law to combat the heroin and opioid “crisis” in New York, the DFS said in a news
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
The New York State Department of Financial Services (DFS) has issued guidance to health insurers outlining new insurance-coverage requirements for substance-abuse treatment.
Gov. Andrew Cuomo announced the DFS guidance on Oct. 19.
The action follows a new state law to combat the heroin and opioid “crisis” in New York, the DFS said in a news release.
The new law requires health insurers to cover medication, including naloxone, for detoxification or maintenance treatment of substance-use disorders under large-group insurance policies.
The new requirement “mirrors” the coverage requirements for individual and small-group policies, DFS said.
It also requires health insurers to provide coverage without preauthorization for inpatient substance-abuse treatment in facilities that participate in their networks and are certified by the New York State Office of Alcoholism and Substance Abuse Services.
“Health insurers have an obligation to cover costs for lifesaving substance-abuse treatment and our administration will have zero tolerance for those who seek to sidestep this responsibility,” Cuomo said in the DFS release. “This action is an important step toward breaking the cycle of addiction and … ending the epidemic of opioid abuse in New York once and for all.”
The new guidance alerts health insurers that they must provide inpatient and outpatient coverage for detoxification and maintenance-treatment medication, including naloxone.
It also instructs health insurers that they must eliminate prior-authorization requirements for a five-day emergency supply of prescribed medications for the treatment of substance-use disorder “when an emergency arises.”
The DFS guidance outlines insurer-utilization review requirements, and includes timeframes under which the health insurers must make the utilization-review determinations.
The department will review health insurers’ compliance with requirements for coverage during market-conduct exams and will “take action against any insurers found to have failed to meet all statutory and regulatory requirements for coverage of substance use disorder treatment.”
Contact Reinhardt at ereinhardt@cnybj.com
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.