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Pathfinder Bancorp to pay quarterly dividend of 5 cents
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), holding company for Pathfinder Bank, has declared a quarterly cash dividend of 5 cents per share on its
OVIA acquires Banach Insurance Agency
OSWEGO, N.Y. — Oswego Valley Insurance Agencies, LLC (OVIA) has announced the acquisition of Banach Insurance Agency of Pulaski, effective Jan. 1. OVIA didn’t release
Rockin’ Jump franchise to formally open in New Hartford on Tuesday
NEW HARTFORD, N.Y. — A franchise business called Rockin’ Jump, which bills itself as the “ultimate trampoline park,” will hold a formal grand opening and ribbon cutting at its new New Hartford location on Tuesday at 10:30 a.m. “I’m excited to bring Rockin’ Jump to the Utica area, and to be able to offer the
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NEW HARTFORD, N.Y. — A franchise business called Rockin’ Jump, which bills itself as the “ultimate trampoline park,” will hold a formal grand opening and ribbon cutting at its new New Hartford location on Tuesday at 10:30 a.m.
“I’m excited to bring Rockin’ Jump to the Utica area, and to be able to offer the community a fun place to go,” Bob Morris, Rockin’ Jump New Hartford owner, said in a Greater Utica Chamber of Commerce email announcement about the grand opening.
Rockin’ Jump franchises offer large open jump arenas, trampoline dodge ball courts, climbing walls, jousting challenges, and other activities. Rockin’ Jump has more than 20 locations across the country.
The local franchise is at 4515 Commercial Drive in New Hartford. It first opened to the public on Nov. 21, according to the Rockin’ Jump New Hartford Facebook page.
Contact The Business Journal News Network at news@cnybj.com
Hamilton College’s next president is no stranger to Central New York
CLINTON — A man who once served as a professor and associate dean at Cornell Law School is returning to Central New York to assume the top leadership role at a different school. The Hamilton College board of trustees has named David Wippman as the school’s 20th president. The appointment is effective July
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CLINTON — A man who once served as a professor and associate dean at Cornell Law School is returning to Central New York to assume the top leadership role at a different school.
The Hamilton College board of trustees has named David Wippman as the school’s 20th president.
The appointment is effective July 1, 2016, Hamilton College said in a Dec. 11 news release.
Wippman, 60, currently serves as the dean of the University of Minnesota Law School.
“I am honored to be asked to lead one of the oldest and finest liberal arts colleges in the United States,” Wippman said in the release.
He will succeed Joan Hinde Stewart following her retirement on June 30, 2016, after 13 years as president.
Stephen Sadove, chairman of the school’s board of trustees, introduced Wippman to students, faculty and staff on Friday afternoon in the College Chapel.
“David Wippman emerged as the top finalist from a strong and diverse pool of well-qualified candidates because of his intelligence, warmth and enthusiasm for the liberal arts,” Sadove said in the release. “He personifies many of the objectives of a Hamilton education: He is a strong and collaborative leader, an effective communicator and a person committed to active citizenship. Hamilton is in a strong and stable position with a growing reputation. It will be difficult to follow Joan Stewart, but we believe we’ve found the perfect person to do so.”
Prior to becoming dean at Minnesota, Wippman was professor and associate dean at Cornell Law School and served as vice provost for international relations at Cornell University, where he oversaw efforts to enhance the university’s international programs, according to the Hamilton College release.
A Minnesota native, Wippman earned a bachelor’s degree at Princeton University in 1976; a master’s degree through a fellowship in the graduate program in English literature at Yale University in 1978; and his law degree from Yale Law School in 1982, the release stated.
Wippman is a recognized authority in international law, the school added. He has taught public international law, international criminal law, international human rights and ethnic conflict, and is “often called on to provide expert commentary,” Hamilton College said.
Throughout his career, he has traveled to areas dealing with conflict, including Nicaragua, the Philippines, Liberia, Kosovo, and Sierra Leone.
Former Vice President of the United States Walter Mondale, a graduate of the University of Minnesota Law School, knows Wippman well, according to Hamilton College.
“As an expert in international law, David Wippman is an inspired choice to lead a college named for Alexander Hamilton and that counts among its distinguished alumni the 1912 Nobel Peace Prize winner Elihu Root, Civil Rights leader Bob Moses and former U.S. ambassadors Sol Linowitz, Bill Luers and Ned Walker,” Mondale said in the news release. “I commend Hamilton College and its trustees for choosing as its next leader someone who personifies the democratic values that Hamilton seeks to instill in its graduates.”
SUNY Cortland gets $800K to educate future STEM teachers
CORTLAND — SUNY Cortland on Oct. 30 announced it will receive nearly $800,000 to assist science, technology, engineering, and mathematics (STEM) majors and professionals in becoming K-12 educators in “high-need” school districts. It’s the second phase of funding the school has earned through the National Science Foundation’s Robert Noyce Teacher Scholarship Program. The
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CORTLAND — SUNY Cortland on Oct. 30 announced it will receive nearly $800,000 to assist science, technology, engineering, and mathematics (STEM) majors and professionals in becoming K-12 educators in “high-need” school districts.
It’s the second phase of funding the school has earned through the National Science Foundation’s Robert Noyce Teacher Scholarship Program.
The scholarship program is named after the co-inventor of the microchip, the school said.
SUNY Cortland in 2010 received its first phase of Noyce funding, according to the news release.
The school will award 38 scholarships over a five-year period to students pursuing biology, chemistry, geology, physics, and mathematics.
It’ll award 28 scholarships worth $11,500 each to junior or senior undergraduates and 10 scholarships worth $14,000 at the graduate level.
SUNY Cortland will also use the funding, which totals $799,855, to establish a first-year learning community for future STEM educators and to research teaching outcomes after program participants graduate.
“It responds to the critical need for … highly successful math and science teachers, particularly in secondary education or junior high and high school,” says Kerri Freese, coordinator of the Noyce Scholarship Program at SUNY Cortland.
Freese spoke with CNYBJ on Dec. 14.
Erik Bitterbaum, president of SUNY Cortland, called it “truly wonderful news” for future teachers and for the districts that will eventually benefit from their teaching.
“We need great teachers in STEM disciplines at all grade levels: teachers who enter the classroom with both a depth of knowledge in their content areas and the ability to pass that knowledge on to students,” said Bitterbaum.
The deadline for students to apply for the funding is April 29, 2016, for scholarships applicable to the 2016-17 academic year, according to the Robert Noyce Teacher Scholarship page on the SUNY Cortland website.
With its initial round of Noyce funding, SUNY Cortland awarded 54 scholarships during the five-year span from 2009 and 2014.
The number of scholarships that SUNY Cortland will award in the second phase “will be slightly less” to devote “proper” funding to study the impact of immersion practices such as specialized classes, field experience, and professional development, according to its release.
Teaching commitment
Noyce Scholars make a post-graduation commitment to teach in districts with high-need schools across New York.
The term “high need” is an NSF definition, says Freese, which includes a given district’s percentage of students receiving free and reduced lunches and/or its percentage of teachers who are teaching courses outside their certification.
The Binghamton, Cincinnatus, Cortland, Dryden, Homer, Marathon, McGraw, South Seneca, and Tully school districts wrote letters of support for SUNY Cortland’s pursuit of additional funding, she adds.
The goal is to create a “continuous pipeline of highly trained,” STEM educators to teach in the districts that need them the most.
“This program involves the hard work of a lot of different people from across campus,” Gregory Phelan, professor and chair of the school’s Chemistry Department as well as the principal investigator for the grant, said.
In addition to making a teaching commitment to a school in a high-need area, future recipients will participate in small-group activities such as campus workshops, seminars, and book talks with “highly effective” New York State Master Teachers.
They are instructors that SUNY has recognized “for their dedication to providing the most innovative STEM education,” according to the SUNY website.
Those seminars and book talks seek to provide a “casual, out-of-classroom” environment to discuss best-teaching practices in high-need schools, SUNY Cortland said.
Upstate Medical seeks participants in study with U.S. Army to develop dengue-virus vaccine
SYRACUSE — Upstate Medical University’s Center for Global Health & Translational Science is looking for healthy men and women between the ages of 18 and 45 who want to be part of a study to develop a vaccine to combat the dengue (pronounced DENG-ee) virus. The initiative targets a “global public health concern,” Upstate
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SYRACUSE — Upstate Medical University’s Center for Global Health & Translational Science is looking for healthy men and women between the ages of 18 and 45 who want to be part of a study to develop a vaccine to combat the dengue (pronounced DENG-ee) virus.
The initiative targets a “global public health concern,” Upstate Medical said in a news release issued at its Nov. 23 announcement at Upstate’s Institute for Human Performance at 505 Irving Ave. in Syracuse.
The U.S. Army Medical Research and Materiel Command (USAMRMC) is working with the local medical school on the development of a dengue human-infection model.
Researchers will infect participants with a “mild form” of the dengue virus to develop symptoms, Dr. Timothy Endy, founding member of Upstate’s Center for Global Health & Translational Science, said during his remarks at the announcement.
The USAMRMC will invest up to $12 million over the next 3 1/2 years to pay for five clinical trials in which healthy adults can volunteer to participate.
Each volunteer will be financially compensated for the time associated with his or her six-month participation in the study, Upstate said.
The U.S. Food & Drug Administration, or FDA, will regulate the trials, the medical school added.
Researchers will screen the volunteers to ensure that they are medically fit, are dengue free, and have a healthy and uncompromised immune system.
For more information about the study, or to participate, contact the clinical-research coordinators at Upstate’s Center for Global Health & Translational Science at (315) 459-3031.
Upstate’s role
The U.S. Army selected Upstate as a partner in this development effort, “in part,” because of Upstate’s established clinical-trial center with investigators who are experts in dengue disease and experienced with human-infection trials, the medical school said.
The initiative will generate at least three or four new hires for clinical trials, Dr. Mark Polhemus, director of the Center for Global Health & Transitional Science, said when questioned about what effect the grant would have on employment.
The new hires will include a new investigator and a new clinical trialist as well, said Endy.
“A number of new hires will happen,” Endy added in responding to a reporter’s question.
About dengue
Dengue isn’t well known but it’s an “important” mosquito-borne viral disease that “truly is a global health problem,” said Endy.
“The severity of dengue can range from just having … a flu-like illness to the more severe form of dengue hemorrhagic fever where children and young adults are hospitalized in the intensive-care unit, mortality can be as high as 10 percent,” said Endy.
Dengue is caused by any one of four related viruses transmitted to humans through a bite from an Aedes aegypti mosquito, the type of mosquito that serves as a vector (carrier and transmitter) for the dengue virus, according to a fact sheet that Upstate Medical provided.
Dengue cases have been reported in Puerto Rico, the U.S. Virgin Islands, Samoa, Guam, Key West, Florida, and in the Hawaiian islands, said Endy.
Upstate has treated “several” patients admitted for acute dengue, including a traveler who had returned from Hawaii this past summer.
U.S. soldiers on active duty in places like Haiti and Somalia have been infected with dengue.
The Centers for Disease Control and Prevention has listed dengue as the leading cause of fever in returning travelers.
“Unfortunately, there is no licensed vaccine or [a] therapeutic against dengue and the delay for development of these types of therapeutics is largely because of a lack of an appropriate animal model to test vaccines and therapeutics,” said Endy.
Trial protocols
Upstate focuses the development of its protocols on safety of the individual volunteers, said Polhemus.
The SUNY institutional review boards, the FDA, and the human-research protection organization of the U.S. Department of Defense “extensively” review the protocols, he adds.
For this dengue human-infection model, Upstate will have extensive oversight during the conduct of the trial by the independent dengue-safety monitoring board. Members will be monitoring for any safety signals during the study.
“And we’ll have, additionally, an independent clinical monitor who’ll be monitoring the conduct of the study to ensure that all is in accordance with the protocol,” said
Polhemus.
Prior to enrollment, researchers will “thoroughly” screen volunteers with an “extensive” evaluation for their inclusion, exclusion criteria, and ability to be involved in the study.
“And once in the study, they’re closely monitored by our staff, both as outpatients and as soon as fever symptoms develop, as inpatients at our Community General Hospital where they’ll be closely monitored until resolution of their symptoms,” he added.
Le Moyne to rename school after Rochester couple’s $6.5M donation
SYRACUSE — Le Moyne College will rename one of its schools following a $6.5 million donation from a Rochester couple who met while students there. Le Moyne has renamed its School of Graduate and Professional Studies as the John & Kathy Purcell School of Professional Studies. The Purcell donation represents the third-largest gift in
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SYRACUSE — Le Moyne College will rename one of its schools following a $6.5 million donation from a Rochester couple who met while students there.
Le Moyne has renamed its School of Graduate and Professional Studies as the John & Kathy Purcell School of Professional Studies.
The Purcell donation represents the third-largest gift in the college’s history, Le Moyne said in a news release.
Le Moyne can use the donation for scholarships and facility and technology needs. It can also use the funding to help develop future programs within the school and to pay for faculty or student research or travel, or a guest-speaker series, the school said.
The Purcell School of Professional Studies includes physician-assistant studies, nursing, occupational therapy, and family-nurse practitioner, according to Le Moyne.
Besides this gift, John Purcell has contributed “significantly” to the Madden School of Business, and Kathy Purcell’s background in health care “helped guide” their decision to support Le Moyne’s professional programs.
“Since we first set foot on campus as students and throughout our time as alumni, this wonderful Jesuit institution has been a central part of our lives for more than 50 years,” the Purcells said in the Le Moyne release.
John Purcell, who graduated from Le Moyne in 1965, worked his entire career in the telecommunications industry.
Joining the personnel department of the Rochester Telephone Company the day after his college graduation, he spent 32 years with the firm, which later became Frontier Communications (NASDAQ: FTR). Purcell eventually became the company’s VP for mergers and acquisitions.
After retiring from Frontier, John partnered with Frank Chiaino, an executive for Time Warner Cable, to form Fibertech Networks LLS, which designs, builds, leases, and operates fiber-optic networks.
Kathy Purcell, who graduated from Le Moyne in 1966, holds a master of public administration in health-care management and works as a clinic administrator at the Kirch Developmental Services Center, which is part of the University of Rochester medical system.
DraftKings, FanDuel fight to stay in business in New York
It’s now a waiting game for daily fantasy sports websites DraftKings and FanDuel to see if they can maintain their operations in New York. They’re in a battle with New York State Attorney General Eric Schneiderman over whether the games constitute illegal gambling. A New York appellate court judge on Dec. 11 issued an
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It’s now a waiting game for daily fantasy sports websites DraftKings and FanDuel to see if they can maintain their operations in New York.
They’re in a battle with New York State Attorney General Eric Schneiderman over whether the games constitute illegal gambling.
A New York appellate court judge on Dec. 11 issued an emergency stay that allows state residents to keep playing on the sites, according to the website of The Wall Street Journal.
The stay continues until at least Jan. 4, the paper reported. A five-judge panel in January will hear both sides and decide whether to extend the stay or allow the original court ruling to shut down the sites go into effect, the publication added.
Earlier on Dec. 11, a judge had ordered DraftKings and FanDuel to stop conducting business in New York. A judge had granted Schneiderman’s request to keep the websites “from doing business in the state of New York, accepting entry fees, wagers or bets from New York consumers in regards to any competition, game or contest run on” those sites.
The attorney general’s office released a statement in response to the decision.
“We are pleased with the decision, consistent with our view that DraftKings and FanDuel are operating illegal gambling operations in clear violation of New York law. I have said from the beginning that my job is to enforce the law, and that is what happened today,” Schneiderman said.
Schneiderman on Nov. 17 filed documents seeking the preliminary injunction against DraftKings and FanDuel.
Six days earlier, his office announced that Schneiderman had sent cease-and-desist letters to the two companies ordering the two largest daily fantasy sports companies in the U.S. to stop accepting bets inside the Empire State.
Company reaction
On its website, New York City–based FanDuel, Inc. responded with a statement saying it planned to appeal the decision.
“…this is only the beginning of the legal process and, perhaps more importantly, the New York legislature is already moving forward on action to ensure our game remains legal and is regulated, which we strongly support. The court specifically noted that this was not a final determination of the issue and that discovery would be needed to fully resolve the legal question, which we think should be decided in our favor when all of the evidence is in,” the statement read.
FanDuel went on to say that New Yorkers have been able to legally play its games for more than six years, contending that the preliminary decision was “wrong and we expect we will ultimately be successful.”
On the website of Boston–based DraftKings, the company includes a tab in its menu at the bottom of the home page that reads “100% legal.” On that page is a message that reads “playing on DraftKings is 100% legal in the USA.”
That same page includes a box with the question, “Why is it legal?” The company answers its own question saying, “The legality of daily fantasy sports is the same as that of season long fantasy sports. Federal law and 45 of the 50 U.S. states allow skill-based gaming.”
FanDuel and DraftKings also face legal battles in other states, as governments wrestle with the questions of whether daily fantasy sports contests are gambling and if they should be allowed or regulated.
New York State ranks 2nd in spending generated by fishing, hunting
Fishing and hunting bring a stream of cash to New York’s economy, generating the second-highest annual expenditures of any state at about $5 billion, according to a recent report issued by New York State Comptroller Thomas P. DiNapoli. “Our 7,500 lakes and ponds, 70,000 miles of rivers, streams and coastline and millions of acres
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Fishing and hunting bring a stream of cash to New York’s economy, generating the second-highest annual expenditures of any state at about $5 billion, according to a recent report issued by New York State Comptroller Thomas P. DiNapoli.
“Our 7,500 lakes and ponds, 70,000 miles of rivers, streams and coastline and millions of acres of forest and open space are a natural draw,” DiNapoli said.
“Meanwhile, residents’ and visitors’ spending on licenses, equipment and travel boosts our economy and supports our management of fish and wildlife programs.” That supports local businesses and jobs across the state, he adds.
Nearly 2 million people fish, hunt, or trap in New York, ranking the state third nationwide, DiNapoli’s report found. In several Empire State counties, the number of resident licenses sold equaled more than one-third of the county’s population. Fishing is the most popular, with two-thirds of New York participants fishing exclusively, followed by 28 percent who fish and hunt, and 9 percent who hunt only, according to the report.
Consumer spending on these sporting activities totaled more than $5 billion in 2011, the most recent year for which such figures are available. Nearly $1.9 billion was spent on trip-related purchases including transportation, lodging, and food. Nonresidents generated 20 percent of the revenue collected from license fees in the 2012-13 license year.
Erie County ranked first in total license sales in the 2012-13 season, issuing more than 120,000 licenses and permits. Oswego County ranked first in fishing licenses.
In addition to benefiting the economy, fishing and hunting supports state wildlife programs. Revenues from the sale of annual licenses to fish, hunt, and trap have contributed an average of $45.3 million a year to the New York State Conservation Fund in the last five fiscal years. Spending from that fund on state wildlife-conservation programs has averaged $44.3 million over the same timeframe, according to the report.
The state Division of the Budget estimates $50.2 million in such expenditures in state fiscal year 2015-16. Federal programs that allocate certain federal hunting, fishing, and boating revenues to the states for wildlife programs have provided an average of more than $24 million a year for New York since 2011.
You can view the full report, “Fishing, Hunting and Trapping in New York State,” at: http://www.osc.state.ny.us/reports/economic/sportpersons_11302015.pdf
Utica staffing firm, M3 Placement & Partnership, grows its ranks and revenue
UTICA — M3 Placement & Partnership, a Utica–based staffing and placement firm, has more than doubled its revenue in the last year and is poised for more growth, according to owner and CEO Mary Malone McCarthy, who founded the business in 2011. “We’ve been busier than I could have ever imagined,” she says, declining
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UTICA — M3 Placement & Partnership, a Utica–based staffing and placement firm, has more than doubled its revenue in the last year and is poised for more growth, according to owner and CEO Mary Malone McCarthy, who founded the business in 2011.
“We’ve been busier than I could have ever imagined,” she says, declining to disclose specific financial figures.
The firm added a fourth employee this fall, and moved into a larger office space situated at 110 Lomond Court in Utica at the end of October, according to McCarthy. The new office is 1,500 square feet, whereas the firm’s former home — located at 4350 Middle Settlement Road in New Hartford — was fewer than 1,000 square feet. The firm simply outgrew the previous location, she says.
M3 Placement & Partnership is leasing the space from Utica–based Charles A. Gaetano Construction Corp., which spent 12 weeks renovating the space, McCarthy says.
“The office part is beautiful,” she says. “It was all in great shape, it was just making it fit to what we needed.” She declined to provide the cost of the renovations.
M3 Placement & Partnership held a ribbon-cutting ceremony on Dec. 3 at the new office.
M3 Placement & Partnership is the firm’s operating name. Its parent company is M3 Business Services, according to McCarthy.
Coming off a strong 2015 performance, McCarthy intends to keep her foot on the gas pedal, with plans to double M3’s revenue again in the next 12 to 24 months. “I know those are aggressive goals, and we want to do that the right way.”
One reason for the firm’s considerable growth is its certification as a woman-owned business enterprise, which it received two years ago from Empire State Development’s Division of Minority and Women’s Business Development, McCarthy says.
Thirty percent of state contracts are required to go to minority- or women-owned business enterprises, in accordance with efforts by Governor Andrew Cuomo’s administration to grow such businesses.
In November, M3 Placement & Partnership submitted for a national certification as a woman-owned business with the Women’s Business Enterprise National Council, according to McCarthy.
McCarthy was taught by her father to go farther for clients than they expect, a philosophy she believes has greatly contributed to her firm’s growth. “The customers are so pleased when you strive to exceed their expectations every day.”
Some of the company’s clients “are referring us to people outside the area,” which has also aided M3’s growth.
The focus moving forward is to take the model M3 has, continue to improve it, and begin expanding its client base throughout the Northeast, McCarthy says.
Developing a close relationship with clients by thoroughly vetting and understanding what kind of employee the firm is seeking is key to M3’s model.
Most clients are seeking to fill a single position, McCarthy explains. In those cases, M3 speaks with the team members of the future employee, that company’s executive team, its search team, and any other relevant people, to identify the attributes of an ideal hire. And McCarthy says she and her team learn from each of their client companies.
Some customers may come to her firm looking to put together an entire team composed of new hires, and McCarthy’s team has a window of time to assemble it for the client. In addition, M3 Placement & Partnership can also provide help with the on-boarding/orientation processes.
McCarthy sees the growth of her company as a microcosm of the area’s business environment. “It just shows the economic livelihood in our region right now,” she says, adding that a lot of executive-level positions have been or are becoming available, making the region more attractive to outsiders.
“This is a great place to relocate to,” is a line that McCarthy says she frequently hears from prospective hires about the Mohawk Valley.
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