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Case builds new real-estate company Acropolis Development
SYRACUSE — Steve Case, who most recently worked as a leasing director with his mentor Robert (Bob) Doucette at Paramount Realty Group, LLC, struck out on his own earlier this year, launching his own real-estate firm. Case’s company, Acropolis Development, LLC, operates in a 1,500-square-foot space at 247 W. Fayette St. in the Hogan […]
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SYRACUSE — Steve Case, who most recently worked as a leasing director with his mentor Robert (Bob) Doucette at Paramount Realty Group, LLC, struck out on his own earlier this year, launching his own real-estate firm.
Case’s company, Acropolis Development, LLC, operates in a 1,500-square-foot space at 247 W. Fayette St. in the Hogan Block building, a structure that Doucette owns and Case manages.
Case started Acropolis Development in early 2015.
“I always knew that I wanted to have my own real-estate company at some point. It was just a matter of timing and when and where,” says Case. He spoke with CNYBJ on Nov. 13.
As Case was working on projects earlier in 2015, he realized he had the “capability to start doing a lot” of the work on his own.
“[Doucette] came to me at one point and said, ‘hey, are you ready to jump off and start your own company and be more of a partner on these projects than an employee,’ and I went ahead and just did it,” says Case.
He called Doucette “a great mentor to me over the past six years,” having first met him while taking his real-estate development class at Syracuse University’s (SU) Martin J. Whitman School of Management.
Case didn’t have to look far to find his initial operating space, he notes.
Argus Engineering, PLLC had occupied about 4,500 square feet on the second floor of the Hogan Block building. That firm has since bought a building in DeWitt and moved out, according to Case.
He had been working with some potential tenants who were looking for a 1,500-square-foot space, which was the same amount of space he needed for his firm.
When Argus Engineering moved out, Case had subcontractors divide up their space into three smaller spaces, and Case took one of the spaces.
The subcontractors doing the work included Matt Caves, a local flooring contractor; Allied Electric Co. of DeWitt; and Best Interiors of Syracuse, according to Case.
About Acropolis
Acropolis Development focuses on residential real estate, brokerage, property management, and development.
“As of right now, everything’s Acropolis Development when people make their checks out, no matter who it is, but going down the road, I will start Acropolis Property Management as a separate entity; Acropolis Brokerage as a separate entity,” says Case.
He may eventually develop an umbrella name for the firm using the word Acropolis, he notes.
The firm’s development arm is currently working to buy a vacant, historic building on Water Street in Hanover Square.
“We’re converting the ground floor into retail and then building out apartments on the upper floors,” says Case.
Case has one full-time employee. T J Perkins was a student in Case’s real-estate development class in SU’s Whitman School. The working relationship evolved in the same manner that brought Case together with Doucette, Case says.
Besides Perkins, Case’s firm also has three independent contractors who work as real-estate salespeople, “who either will list a house for a seller or work with buyers to help them find a [home], whether it be a condo downtown or a house in the suburbs,” he says.
Case hopes to hire additional sales agents and expand Acropolis’ property management business, he says.
Case says he uses the word “Acropolis” in his firm’s name because of his fascination with Greek architecture.
Doucette influence
Case says that after getting to know Doucette while taking his real-estate course in the Whitman School, he went to work for him.
“I came on working with Bob [at Paramount] right after I graduated [from SU],” he added.
Case was aware of Doucette’s involvement in the present day Armory Square, noting his work on Center Armory and ownership of the Hogan Block building.
He wanted to model his career after Doucette’s effort, learning real-estate development and seeing how projects evolved from start to finish.
“I was able to learn a lot about development through the Dey’s [Plaza] building project that we had done, converting the upper floors to 45 luxury apartments,” says Case.
Case still works with Doucette on projects, more so than with Paramount Realty Group, he says.
Case is a 2003 graduate of Charles W. Baker High School in Baldwinsville. He went on to earn his bachelor’s degree in economics at Bucknell University in 2007.
Following his undergraduate work, Case returned to Central New York to work at Worldwide Motorcom, a car dealership that Case’s father managed in Cicero.
A few years later, Case enrolled in classes at SU’s Whitman School, earning his MBA degree in 2011, before joining Paramount Realty Group.
SBA proposes changes to affiliation rule for business loan, surety bond guarantee programs
The U.S. Small Business Administration (SBA) is proposing revisions to its regulations for determining affiliation under its business-loan programs and surety bond guarantee program. These revisions are designed to “simplify” eligibility determinations and reduce costs and processing time, the SBA said. SBA published the proposed revisions on Oct. 2 in the Federal Register.
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The U.S. Small Business Administration (SBA) is proposing revisions to its regulations for determining affiliation under its business-loan programs and surety bond guarantee program.
These revisions are designed to “simplify” eligibility determinations and reduce costs and processing time, the SBA said.
SBA published the proposed revisions on Oct. 2 in the Federal Register. The comment period will be open until Dec. 1.
SBA seeks comments from the public on the proposed rule and will consider the comments in its development of a final rule.
The proposed rule would apply to affiliation rules for SBA’s business-loan programs and the surety bond guarantee program, but would not apply to SBA government contracting, business development, or grant programs.
The affected programs would include the 7(a) loan program, the agency said in a news release.
It would also impact the business-disaster loan programs, which include the economic-injury disaster loans, reservist-injury disaster loans, physical disaster business loans, and immediate disaster-assistance program loans.
The programs would also include the microloan program, the development-company program (or what is known as the “504 loan program”), and the surety bond guarantee program (the SBG program).
Explanation
SBA is proposing amendments to the current affiliation rules regarding its business-loan programs, according to the language in the Federal Register.
The agency believes that, “in general,” a majority of the principles of affiliation in the current regulations apply to the business-loan programs.
However, SBA believes that certain affiliation principles in their current form are “more applicable” to determining size in federal contracting and subcontracting and are “not necessarily” applicable to business-loan applicants.
SBA seeks to create “simple, bright-line tests” for business-loan program applicants when determining eligibility in relation to size and affiliation, and to “streamline requirements” for determining whether a business is small for purposes of receiving SBA loan assistance.
In addition to clarification, this will “reduce costs” of an application for the loan applicant and its participating lender, the agency contends.
Ownership
As presented in the Federal Register, the SBA’s proposed new paragraph sets forth the affiliation principles based on percentage of ownership.
SBA’s current affiliation rule sets forth a minority-shareholder standard stating that when no one person owns more than 50 percent of a company, SBA will find that the person or persons who directly or indirectly own an interest in the business “no less than the ownership of the next largest owner” is deemed to control the small business.
In addition, if the ownership of a business is widely held and no ownership interest is a large single block of stock as compared to any other, then the board of directors and president or CEO are deemed to control the business, unless they can present evidence showing otherwise.
SBA’s current affiliation rule says that if two or more persons own, control, or have the power to control less than 50 percent of the company’s voting interests, and the interests are equal, or approximately equal in size, and these minority holdings are as large as compared with any other holding, then the SBA presumes these owners have control of the business.
For purposes of the business-loan programs, however, SBA considers that in all of these instances, the holdings are so diffused that control would always rest with the board of directors or management of the small business since it is that unit of the organization that is “truly running the business,” according to the Federal Register.
SBA proposes that for the business-loan programs, the agency will determine control exists based on ownership when a person owns, or has the power to control, more than 50 percent of the voting equity of the company.
If no one person owns or has the power to control more than 50 percent of the voting equity of the firm, then SBA would deem the president, chairman of the board, or CEO has control of the small business.
Franchise agreements
SBA also proposes making one change to the existing language affecting affiliation based on franchise and license agreements.
Under the current language, SBA must review franchise agreements pertaining to both the applicant and any affiliates of the applicant.
If the applicant has an affiliate that operates under a franchise or license agreement, SBA would be required to review the franchise agreements regarding the affiliate to determine the size of the applicant.
Therefore, if the affiliate entity was operating under a franchise agreement that gave the franchisor control over the affiliate franchisee, SBA would determine that the affiliate entity is affiliated with the franchisor.
Based on this analysis, when the size of the affiliate entity and the franchisor are combined with the size of the applicant, the applicant may no longer be considered a small business eligible for SBA loan programs.
The proposed regulation would limit franchise or license-agreement reviews to the immediate loan applicant, and not consider other agreements in place with affiliated entities.
Surety bond guarantee program
For the surety bond guarantee program, SBA has proposed amending the definition of “Affiliate” in the surety bond guarantee regulation to explain that the term is defined in the proposed small-business size regulations, or the loan programs’ definition of affiliation, according to the Federal Register.
You probably have heard the phrase: “Under-promise, over-deliver,” but not many people really think it through. It actually can be a good strategy, if you can stick to it, without withholding information simply for the sake of “under-promising.” When we are on the right business path, we prepare ourselves to work our hardest but
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You probably have heard the phrase: “Under-promise, over-deliver,” but not many people really think it through. It actually can be a good strategy, if you can stick to it, without withholding information simply for the sake of “under-promising.”
When we are on the right business path, we prepare ourselves to work our hardest but maintain realistic — if not conservative — expectations.
It’s important to be honest with the C-suite executives, your customers, and other audiences about what you’re doing for them and to provide them with updates when new information is available. But, it’s just as important to manage their expectations.
This applies to everything from multi-million dollar projects to daily social-media interactions for your organization. For example, we always recommend creating a detailed social-media plan for your proactive engagement with fans and followers, and then sticking to a schedule for responding to inquiries. Just because it’s easy to answer a few social-media posts on the fly doesn’t mean you should comment back and forth with fans right away. Why not? Because when bad news breaks later, they’ll expect you to be just as responsive.
We all get excited about what we do, and it’s hard not to promise the world to your boss, client, or customer. But, it’s much easier to explain better-than-expected results, than it is to clarify why you weren’t able to deliver. And, sometimes the only difference between these two outcomes is how you communicated.
Crystal DeStefano is president and director of public relations at Strategic Communications, LLC, which says it provides trusted counsel for public relations, including media relations, employee relations, and community relations. Contact DeStefano at Crystal@stratcomllc.com.
Nobody believes us: Why Are We Still Telling Customers What to Do?
Even though we know that “telling isn’t selling,” we can’t stop doing it. It’s become “second nature” to tell customers what to think, believe, and buy. In a sense it is, since most of us were raised to “respect authority,” whether it was the police, teachers, clergy, bosses, doctors, accountants, politicians, reporters, bankers, business
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Even though we know that “telling isn’t selling,” we can’t stop doing it. It’s become “second nature” to tell customers what to think, believe, and buy.
In a sense it is, since most of us were raised to “respect authority,” whether it was the police, teachers, clergy, bosses, doctors, accountants, politicians, reporters, bankers, business leaders, coaches, or news anchors.
It worked well for selling just about anything, but not now. The air has gone out of respect for authority, including marketing and sales.
Even so, playing the authority card continues. From actors in TV ads wearing white coats with stethoscopes hanging around their necks to real-estate agents in suits masquerading as corporate executives.
Here are some thoughts about why telling doesn’t work.
1. Nobody’s listening.
Millennials, for example, aren’t into listening to “telling” messages. They turn to their social-media contacts for purchasing recommendations. One 34-year-old woman was getting ready to buy a car. She ignored ads and TV commercials and contacted friends and business associates for suggestions and those were the only brands she would consider.
And, it’s not just millennials who reject being told. Some 69 percent of “connected Americans … seek out advice and opinions on goods and services before purchasing,” according to a research brief on the American Lifestyles 2015 study. Of those, 70 percent go to user-review sites or independent-review sites before making a purchase, “while 57 percent use social-media networks for recommendations.”
Yet, advertisers still try to grab attention. Chandar Pattabhiram of Marketo, a company that conducted a recent consumer survey, says that marketers “are talking at us rather than engaging with us and we, as consumers, are beginning to tune them out.”
But we’re not just tuning out ads, we’re blocking them big time. TiVo started it years ago, but they’re fast gaining ground. Hulu offers an option that comes with a surcharge. Apple raises the ante with a built-in ad blocker in its IOS 9 operating system for mobile devices, while the Android system isn’t far behind. We can count on others to fall in line.
Takeaway: Figure out ways to both gather and use data to personalize your messaging so that customers and prospects know you’re thinking specifically of them. If not, they ignore the message, are offended, and leave.
2. Engage not persuade.
A car dealer says his brand is #4 in the ratings. And, he stops right there, thinking his statement will influence someone’s buying decision. But the astute customer, trying to have a conversation, asks, “What does that mean? Highest ratings for what?” But the agile dealer changes the subject.
Customers are turned off by anything that smacks of being self-serving. Awards, such as a “Premier Dealer of the Year” plaque or “Five Star” this-or-that are less than compelling, as are company-sponsored surveys.
Takeaway: If you want to attract and retain customers, then make sense to them. Identify and align with their values, make it easy for them to give their feedback, and encourage them to challenge you. Such interchanges create conversations that can give customers a stake in your brand.
3. You get one chance so don’t blow it.
The opportunity was interesting, because it seemed like a good fit for our business, particularly since it came through a vendor we had worked with for years.
It was introduced with an impressive webinar, which I followed up by calling a toll-free number. What I received was unexpected, an unprofessional recorded message to leave my number for a callback. It came three hours later.
Here’s what went through my mind: “If they weren’t prepared to handle calls after the webinar, how would they take care of the work they would be doing for me? Would there be excuses for not getting it done on time?” That’s when I went online to check for complaints and found hundreds that reflected my worst fears. Only about one-third of the complaints had been resolved.
Takeaway: “When in doubt, don’t.” That is the mantra of today’s customers. Why put yourself in harm’s way? Why take a chance? It simply isn’t worth it, so move on.
4. Keep upping the ante.
“Push yourself because no one else is going to do it for you” is good advice. And there’s plenty of pushing to do today. CVS Pharmacy does a lot of things well for customers — automated prescription notifications, compelling customer rewards, and a good customer-feedback program.
Yet, good customer care can create unanticipated problems by raising customer expectations. For example, a recent email from CVS offering 25 percent off women’s cosmetics left me wondering: Why not an offer for men? Today, such “mistakes” don’t go unnoticed. We expect messaging to be personalized, and when it’s not, we’re irritated. It also says, “They say they know me, but really don’t.”
Also, nothing annoys customers more than being asked to fill out the same information over-and-over again. “You go one place and are given a clipboard, which is annoying and takes a while. And then somebody talks to you about it. And then you go somewhere else and you have to start all over again,” Jonathan Bush, CEO of athenahealth, Inc. said in USA Today. Although his company markets cloud-based electronic health-records apps, the problem is far from limited to the medical field. It’s everywhere.
Takeaway: The cost of keeping up with customers’ expectations is not nearly as high as losing their business.
It’s a mistake to believe that we aren’t doing our best unless we tell customers what to think and buy. It holds us back and blinds us to what we can learn by aligning our actions and messages with what customers want and need from us.
John Graham of GrahamComm is a marketing and sales consultant and business writer. He publishes a free monthly eBulletin, “No Nonsense Marketing & Sales.” Contact him at jgraham@grahamcomm.com or visit: johnrgraham.com
Listening: the Oft Forgotten, Yet Critical Skill In Learning
Listening is often a forgotten, but vitally important skill in learning and problem solving. How many times have each of us encouraged a child in our lives to pause and listen to something we were trying to convey so they could learn something? We’ve all seen it and probably engaged in one form or
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Listening is often a forgotten, but vitally important skill in learning and problem solving.
How many times have each of us encouraged a child in our lives to pause and listen to something we were trying to convey so they could learn something? We’ve all seen it and probably engaged in one form or another of not listening — distracted listening, biased listening, or selective hearing, to name a few.
I look back at the mess with the roll out of Common Core in New York state and the problems still incurred by this dramatic shift in education policy. Listening and effective communication seem to be wholly underused skills by those charged with ensuring the effective education of our state’s children.
It began with poor communication about the full scope and impact of the roll out of the Common Core Standards. The New York State Education Department failed to properly consult educators, school administrators, and parents when developing the policies and curriculum first imposed on students. When these parents and teachers spoke up in frustration, then-Education Department Commissioner John King shut down public forums on the matter. He didn’t want to listen to the justifiable criticism of the way the department managed the roll out under his watch.
My colleagues in the Assembly Republican conference, in stark contrast to King, sought to engage the public by launching 14 public hearings throughout the state, two of which I co-hosted. With feedback from the public, we developed a plan to address what was most egregious about the state’s failed launch of Common Core. It became the Achieving Pupil Preparedness and Launching Excellence (APPLE) Plan, a set of solutions aimed at shaping education around the child, limiting high-stakes testing, and empowering schools and teachers to shape public education. We recognized that the top-down approach was becoming a muddled mess.
Many things have transpired since then. During the legislative session, murky teacher-evaluation reforms were pushed through in the budget by Governor Cuomo in response to the backlash he received from the public. These requirements forced a tight timeline in which the Education Department had to develop a new teacher-evaluation system that the Board of Regents then had to adopt. And, schools had to negotiate with their teachers in a span of about eight months. Many of us in the legislature understood what a burden this was on the schools, so we passed legislation allowing them more time.
That listening hasn’t stopped. In Herkimer, I recently participated in a regional forum on Common Core, where parents, teachers, and administrators from area schools had the opportunity to express their concerns. I sincerely hope their carefully thought-out statements receive the deliberation they deserve.
And here we are today. The governor’s recently appointed Education Department Commissioner, MaryEllen Elia, has offered up a number of reforms to Common Core and the state’s education system. I agree with some of these reforms. In particular, I agree that the state should develop assessments that are appropriate for students with severe disabilities. Some of her points I don’t agree with, but they all merit further discussion. It is good to listen and engage in a conversation about ideas to reform what is broken. However, the governor’s administration, as reported by POLITICO NY, thoroughly dismissed the recommendations and an opportunity to have a meaningful discussion.
As I said, listening is often a forgotten tool in the learning process. I encourage the governor to take time to listen to the people.
Marc W. Butler (R,C,I–Newport) is a New York State Assemblyman for the 118th District, which encompasses parts of Oneida, Herkimer, and St. Lawrence counties, as well as all of Hamilton and Fulton counties. Contact him at butlerm@assembly.state.ny.us
Mason Contractors Association of America starts new upstate New York chapter
CAZENOVIA — The Mason Contractors Association of America (MCAA) has announced the creation of its first chapter in New York state. The Upstate New York MCAA Chapter was incorporated in July. Its purpose is to preserve and promote the masonry industry by providing training for masons, advocating fair codes and standards, fostering a safe
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CAZENOVIA — The Mason Contractors Association of America (MCAA) has announced the creation of its first chapter in New York state.
The Upstate New York MCAA Chapter was incorporated in July. Its purpose is to preserve and promote the masonry industry by providing training for masons, advocating fair codes and standards, fostering a safe work environment, and marketing the benefits of masonry materials, according to an association news release.
The Upstate NY Chapter will provide services to the masonry industry throughout Central New York, the Southern Tier, and all of upstate New York.
Fee-based memberships in the chapter are open to mason contractors, suppliers, and industry design and construction professionals. Students pursuing construction
industry studies can also join the chapter without having to pay a membership fee.
The Upstate New York MCAA Chapter created a board of directors and has elected its first officers. Mike Palmer of Remlap Construction will serve as the chapter’s first president. Other officers include: VP: Brett Sherman of Alliance Masonry; Treasurer: Eric Schneid of Schneid Construction; Secretary: Jim Polakiewicz of Doyner, Inc.
David Biggs of Biggs Consulting Engineering, Rick Roach of Barnes & Cone, and Brian Casler of Casler Masonry are also serving as board members.
The Upstate New York MCAA Chapter is one of 13 MCAA chapters nationwide, according to the association’s website. The local chapter is listed under a New Woodstock, N.Y. address (town of Cazenovia).
Community Bank to complete acquisition of Oneida Financial on Dec. 4
DeWITT, N.Y. — Community Bank System (NYSE:CBU) has set Dec. 4 as the closing date for its acquisition of Oneida Financial Corp. (NASDAQ: ONFC). The
Chemung Financial declares latest quarterly dividend of 26 cents
ELMIRA, N.Y. — Chemung Financial Corp. (NASDAQ: CHMG), parent company of Chemung Canal Trust Company, announced that its board of directors has approved a quarterly
UnitedHealthcare warns it may stop offering insurance on Obamacare exchanges
UnitedHealth Group (NYSE: UNH) — parent company of UnitedHealthcare, the nation’s largest health insurer — today warned it may stop selling its individual insurance plans
Katko opposes amendment that would cut federal funding for Centro
SYRACUSE, N.Y. — U.S. Representative John Katko (R–Camillus) says he’s opposing an amendment to a House of Representatives bill that would result in funding cuts
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