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ALBANY, N.Y. — The new state budget includes a $200 million investment to support four ON-RAMP advanced–manufacturing training centers and prepare New Yorkers for the
New state budget includes funding for the Empire AI consortium
ALBANY, N.Y. — New York State has established Empire AI as part of the newly enacted state budget. Empire AI is described as a “first-of-its-kind consortium to secure New York’s place at the forefront” of artificial intelligence (AI) research, the office of Gov. Kathy Hochulannounced on Monday. The consortium will leverage a $275 million state
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ALBANY, N.Y. — New York State has established Empire AI as part of the newly enacted state budget.
Empire AI is described as a “first-of-its-kind consortium to secure New York’s place at the forefront” of artificial intelligence (AI) research, the office of Gov. Kathy Hochulannounced on Monday.
The consortium will leverage a $275 million state investment to create and launch a “state-of-the-art” AI computing center on the University at Buffalo’s campus. The center will be used by New York institutions to “promote responsible research and development, create jobs, and advance AI for the public good.”
The Empire AI consortium will include seven New York–based founding institutions: Cornell University, SUNY, CUNY, Columbia University, New York University, Rensselaer Polytechnic Institute, and the Flatiron Institute.
“Whoever is at the forefront of artificial intelligence will dominate the next chapter of human history — and I’m committed to seizing that opportunity here in New York,” Hochul said in the announcement. “AI will have a transformational effect on our economy and industries, and these investments ensure that we are using the extraordinary growth opportunity to benefit New Yorkers.”
The initiative will be funded by more than $400 million in public and private investment, including a $250 million state capital–grant investment, and $25 million over 10 years in SUNY funding. The project will also receive more than $125 million from the founding institutions and other private partners. They include the Simons Foundation, whose Flatiron Institute works to advance research through computational methods, and Tom Secunda, co-founder of Bloomberg LP and the Secunda Family Foundation, which provides millions of dollars a year in grants to conservation, health care, scientific advancement, and other causes.
In addition, as part of the budget, Hochul signed legislation to prioritize “safe, ethical”uses as the state continues to build its AI footprint. The legislation includes a requirement that all forms of political communication — including image, video, audio, text or any technological representation of speech or conduct — “disclose the use of materially deceptive media.”
Loretto offers LPN training program that helps younger employees develop soft skills
SYRACUSE — A Loretto staff member believes soft skills — especially emotional intelligence and managing relationships — are among the most important skills that a professional can possess. But what if a job candidate never developed these soft skills? Loretto says it’s a trend that’s linked to Gen Z workers, or those born between 1997
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SYRACUSE — A Loretto staff member believes soft skills — especially emotional intelligence and managing relationships — are among the most important skills that a professional can possess.
But what if a job candidate never developed these soft skills? Loretto says it’s a trend that’s linked to Gen Z workers, or those born between 1997 and 2012.
Loretto cited a December 2022 article “9 Future Work Trends for 2023” on the website of Gartner, which indicated 46 percent of Gen Z employees that it surveyed said the pandemic made pursuing their educational or career goals “more difficult,” and 51 percent said that their education has “not prepared them to enter the workforce.”
Gartner is an information-services firm based in Stamford, Connecticut.
Johaun Jackson, Loretto’s director of nursing education and development for skilled nursing, developed a paid training program that teaches emotional intelligence and managerial skills in addition to the necessary medical curricula as well.
Jackson spoke with CNYBJ in a March 27 phone interview.
The nonprofit Loretto is a health-care organization providing services for older adults throughout Central New York. It serves close to 10,000 individuals each year through 19 locations in Onondaga and Cayuga counties.
Loretto’s training programs typically include participants who Jackson describes as African-American females, single mothers between the ages of 25 and 35.
“That would represent a majority of the population that we’ve been serving in our training programs. But that Gen-Z population [also] comprises a lot [as well] … be they male, female or from other countries or different denominations,” says Jackson.
Those who were born or raised within that generation “communicate much differently” than people from earlier generations, he added.
“…where a handshake had value; where a discussion had value; and they find themselves, unfortunately, in a place of emotional destitution,” says Jackson.
He went on to say the unfortunate part of that is almost 90 percent of our communication has an “emotional component.” When Gen-Z employees enter an organization with co-workers who are older and supervisors who are also older and have that emotional component as a part of their decision-making process, they view the Gen-Z employee as “detached or uninterested.”
“In my estimation, what needs to happen … we put into place mechanisms that allow for an older generation to be able to receive, understand, and accept the younger generation, so that way we can bridge that communication gap,” says Jackson.
Jackson says he developed the training program after he started working for Loretto in 2019.
He was tasked with creating a bridge program that coincides with the LPN (licensed practical nurse) program at OCM BOCES. Loretto wanted to build a nursing apprenticeship program.
The only way that federal recognition through the U.S. Department of Labor could happen is if the program worked in conjunction with state curriculum-approved nursing programs. Jackson says he had some choices to make.
“Do I create a program that duplicates the services that a student will receive in a nursing program, or can I … design a program that gives something to the student/employee that they will not receive from a nursing program,” he explained.
Educators focus on three particular domains of education that they can teach in: cognitive domain; the psychomotor domain; and the affective domain, or as Jackson put it, “what you know, what you can do, and how you feel.”
Instructors in nursing programs teach cognitive and psychomotor domains “ad nauseum,” says Jackson.
“We test you to death and we throw you out there into the fire in front of the patient … so you can show us that you have skills,” he adds.
But the affective domain, because it is so difficult to measure, is typically abandoned in all nursing curricula. “We do not measure how a student feels, or how they respond in terms of their feeling,” he notes,
With that in mind, Jackson says he decided to write a curriculum that focused on teaching in the affective domain, and over the last four years, Loretto had almost 97 percent compliance and success in its LPN graduates.
Loretto’s nursing-apprenticeship program spans over the course of the time that those involved are in the OCM BOCES program. “We teach it slowly over the course of 11 months,” says Jackson.
When asked about the results of the training program, he tells CNYBJ, “We have graduated successfully 34 students, 22 of them still remain, so we have 66 percent of our class still operating in the licensed roles … that’s over four years.”
He went on to say that Loretto is injecting emotional intelligence into many of its discussions with new employees and its other training programs, such as the nurse’s aide training program and its EDGE program, which involves training leaders coming into the organization.
“One of the things I hear more often than not is the term soft skill,” he says. “It makes for a microcosm of insanity because the skills are not necessarily soft. The skills are integrated into everything that a person does.”
Jackson went on to say that if you’re describing a person’s efficacy in an organization and put it on a scale of 100 percent … 10 percent would come from the person’s education; 20 percent would come from previous experiences.
“But 70 percent of an individual’s efficacy on a job or in an organization stems from the way that they make connections with other people. How they engage effectively, and we typically engage one another emotionally, so emotional intelligence is not a soft skill. It is an essential skill and it commonly overlooked and overshadowed by what individuals can do cognitively.”
Jackson describes what he does as “empowering talent for battle,” saying he sees working on the frontlines in health care as literally going to battle because nurses are dealing with a lot. That includes managing care for their patients; needing to have difficult conversations with patients’ families; and making sure they’re able to deal with all the pressure of the job, so they can continue handling the workload.
“On one side of the line, you have the health-care [workers] and they are fighting off, warding off sickness and death,” Jackson says. “On the opposite side of that line, that is exactly what you have … the presence of sickness and death and if those individuals are not frequently replenished … we just end recycling individuals and creating a conveyor belt, per se, of new employees. They need to be replenished in their ability to remain resilient and stay.”
Five Star Bank parent sells assets of SDN Insurance Agency
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), the parent company of Five Star Bank, has sold the assets of its wholly owned subsidiary SDN
VIEWPOINT: Financial Value Transparency & Gainful Employment Regulations: What We Know Now
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Crouse’s workforce-development initiative now includes a leadership institute
SYRACUSE — The workforce-development initiative at Crouse Health now includes the Crouse Leadership Institute, which the health system considers a “major focus moving forward” as the effort continues. “In line with Crouse’s mission, vision and values, this supportive framework will provide introductory, ongoing and as-needed training in leadership and personal and professional development for all
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SYRACUSE — The workforce-development initiative at Crouse Health now includes the Crouse Leadership Institute, which the health system considers a “major focus moving forward” as the effort continues.
“In line with Crouse’s mission, vision and values, this supportive framework will provide introductory, ongoing and as-needed training in leadership and personal and professional development for all members of the Crouse family,” the Syracuse–based health system said in its announcement.
Earlier this year, Crouse Health established a workforce development and training center to support its workforce-development focus for all Crouse employees, both union and non-union.
Its goal is providing educational and career-advancement resources and opportunities for its 3,500 employees.
Jeremy Freund — leadership and professional-development coordinator — will lead the institute. Freund has worked in educational services and as a bedside nurse for a total of 13 years at Crouse.
In his new role, he will help and guide Crouse Leadership Institute participants to accelerate learning, improve critical thinking skills, improve interaction within a team setting, and increase self-awareness.
Programs offered through the institute include future leaders’ program, transformational leadership series, leadership growth series, leadership coaching program, and community leadership and professional development training.
The format of the programs will include ongoing “lunch and learn” sessions, classroom and online instruction and discussion, and one-on-one coaching based on individual needs, Crouse Health said.
Crouse will develop additional content offerings based on staff input and feedback. The institute will support and complement the workforce-development activities that the organization is developing in collaboration with the 1199SEIU Training and Upgrading Fund (TUF).
“Our goal with the Institute is to invest in our current workforce and attract and retain employees who are passionate about the Crouse culture and want to develop or build on the skills and resources needed to become leaders within our organization,” Dr. Seth Kronenberg, president and CEO of Crouse Health, said in a statement. “We want our employees to stay at Crouse for their entire career. The Institute will give them the tools and support to do that.”
Report: HSA balances rise but contributions not maximized
A new research report using the latest available data about health savings accounts (HSAs) finds average contributions are well below the maximum allowed, most accountholders taking a distribution from their HSA, and relatively few accountholders investing. Still, despite workers spending more on health care in 2022 than in previous years, average balances in HSAs increased,
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A new research report using the latest available data about health savings accounts (HSAs) finds average contributions are well below the maximum allowed, most accountholders taking a distribution from their HSA, and relatively few accountholders investing.
Still, despite workers spending more on health care in 2022 than in previous years, average balances in HSAs increased, rising from $4,318 in 2021 to $4,607 the next year.
That’s according to the report issued on March 28 by the Washington, D.C.–based Employee Benefit Research Institute (EBRI). The nonprofit describes itself as an “independent and unbiased” resource organization that provides the “most authoritative and objective” information about critical issues relating to employee-benefit programs in the U.S.
EBRI listed some key findings in the new research report, “Trends in Health Savings Account Balances, Contributions, Distributions, and Investments, 2011–2022.”
Since the establishment of EBRI’s HSA database, average account balances have generally trended upward and 2022 “was no exception.” End-of-year balances increased in 2022 to $4,607, but average balances are “still modest.” This may be a result of the fact that many of the HSAs in EBRI’s HSA database are relatively new.
About one-third of the accounts were opened since 2021.
The report found that relative to 2022, average HSA contributions increased. Average employee contributions rose to $1,962, while the average employer contribution decreased slightly to $762.
However, the growth in individual contributions outweighed the decrease in employer contributions, resulting in higher total contributions in 2022 than in 2021. The average combined HSA contribution was $926 less than the statutory maximum contribution for individuals and $4,576 less than the statutory maximum contribution for accountholders with family coverage.
In addition, the analysis found more than one-half of accountholders withdrew funds. The average distribution rose to $1,868, continuing to rise from the COVID-era lows observed in 2020.
The report also found few accountholders took advantage of the ability to invest HSA funds, as only 13 percent of accountholders invested in assets other than cash. However, the share of accountholders who invested their HSAs has increased for six years in a row, which is an “encouraging sign” that accountholders are increasingly leveraging the “powerful” tax advantages HSAs offer, EBRI says.
“It is critical for plan sponsors to understand how HSAs are being used by their workers, as trends can inform future workplace benefit strategies. We find that as individuals become more familiar with HSAs — the longer they have had their HSA — accountholders tend to take better advantage of the benefits HSAs offer,” Jake Spiegel, research associate of health and wealth benefits at EBRI, explained in the report. “In particular, the longer someone has owned their HSA, the larger their balance tends to be, the higher their contributions tend to be and the more likely they are to invest their HSA in assets other than cash. These strategies better position accountholders to withdraw larger sums when unexpected major health expenses occur and can leave accountholders more prepared to cover their health care expenses in retirement.”
The EBRI HSA database is a representative repository of information about individual HSAs. The database includes information provided by a variety of account recordkeepers representing the characteristics and activity of a broad range of HSA owners.
As of Dec. 31, 2022, the EBRI database includes 14 million health-savings accounts representing $42.5 billion in assets.
“Plan sponsors that wish to introduce or continue offering HSA-eligible health plans as part of a workplace benefit program, as well as policymakers and providers, can benefit from this long-term view of HSA accountholder behaviors,” Spiegel said.
Ask Rusty: When Should We Claim Social Security Benefits?
Dear Rusty: I am almost 63 and my husband will be 61 soon, and we are looking to see when our best time would be to start our Social Security benefits. We would like to know if one of us qualifies for benefits from a previous marriage from 1984-1995. And we are wondering if I
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Dear Rusty: I am almost 63 and my husband will be 61 soon, and we are looking to see when our best time would be to start our Social Security benefits. We would like to know if one of us qualifies for benefits from a previous marriage from 1984-1995. And we are wondering if I can start drawing at age 65, in two years, or if it is better that I wait until 67 because my spouse is two years younger than me. Also, if I were to continue working limited hours after 65, what would my earning limit be?
Signed: Almost Ready
Dear Almost Ready: The first thing to understand is that full retirement age (FRA) for both of you is 67. If either of you claim before that, your monthly benefit amount will be permanently reduced and, because you are working, you will be subject to the Social Security “earnings test.”
If you claim your benefit at age 65, your monthly payment will be about 87 percent of what you would get if you claimed at age 67. If your husband claims at age 62, his benefit will be about 70 percent of his FRA amount. The only way to receive 100 percent of the benefit you’ve each earned from a lifetime of working is to claim at your FRA. You can choose to claim at age 65, as long as you’re comfortable with the benefit reduction that will occur, and as long as your annual work earnings do not significantly exceed the earnings limit for that year. In any case, when each of you claims will not affect the other’s retirement benefit amount.
Social Security’s “earnings test” for those claiming before FRA sets a limit for how much can be earned before some (or all) benefits are taken away. The earnings limit for 2024 is $22,320, but it changes yearly. If you claim early benefits and your work earnings exceed that year’s limit, the Social Security Administration will take away $1 in benefits for every $2 you are over the limit. It does so by withholding future benefits long enough to recover what you owe for exceeding the limit. If you significantly exceed the annual earnings limit, you may be temporarily ineligible to receive Social Security benefits until you either earn less or reach your FRA (the earnings test no longer applies after you reach your FRA). I cannot predict what the earnings limit will be two years from now, but it will be more than the 2024 limit and published at that time. FYI, in the year you turn 67 your pre-FRA earnings limit will be much higher, and when you reach your FRA, the earnings test no longer applies.
Regarding your previous marriage, you cannot receive spousal benefits from an ex-spouse while you are currently married. But when to claim may also be influenced by whether either you or your current spouse will get a spousal benefit from the other. If the FRA (age 67) benefit amount for one of you is more than twice the other’s FRA entitlement, the one with the lower FRA amount will get a “spousal boost” to their own amount when both of you are collecting.
Spouse benefits reach maximum at one’s FRA, but each person’s personal Social Security retirement amount will continue to grow if not claimed at FRA. Waiting past FRA to claim allows the Social Security retirement benefit to grow by 8 percent per year, up to age 70. So, with an FRA of 67, claiming at age 70 will yield a payment 24 percent higher than the FRA amount, 76 percent more than the age 62 amount, and about 37 percent more than the age 65 amount. But waiting beyond FRA is only smart if financially feasible and life expectancy is at least average (about 84 and 87, respectively, for a man and woman your current ages). And, as a general rule, if one’s spousal benefit at FRA (50 percent of their partner’s FRA entitlement) is highest, then that spouse should claim at FRA to get their maximum benefit.
Russell Gloor is a national Social Security advisor at the AMAC Foundation, the nonprofit arm of the Association of Mature American Citizens (AMAC). The 2.4-million-member AMAC says it is a senior advocacy organization. Send your questions to: ssadvisor@amacfoundation.org.
Author’s note: This article is intended for information purposes only and does not represent legal or financial guidance. It presents the opinions and interpretations of the AMAC Foundation’s staff, trained and accredited by the National Social Security Association (NSSA). The NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity.
VIEWPOINT: Administrative Support: Unsung Heroes of a Profitable Business
Administrative support in business is like the backstage crew of a Broadway play. It performs the tasks necessary to make sure the show goes on successfully. In the same way, managing schedules, handling paperwork, and coordinating resources, administrative tasks form the backbone of organizational efficiency. A skilled administrative department streamlines processes, reducing bottlenecks and minimizing
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Administrative support in business is like the backstage crew of a Broadway play. It performs the tasks necessary to make sure the show goes on successfully. In the same way, managing schedules, handling paperwork, and coordinating resources, administrative tasks form the backbone of organizational efficiency. A skilled administrative department streamlines processes, reducing bottlenecks and minimizing the risk of errors. This efficiency, in turn, translates to cost-effectiveness. And life for owners and managers becomes so much easier.
But so often we see leadership and management take on administrative duties themselves. Or delegate them to staff in sales and marketing. So, in addition to planning, marketing, and selling, owners and/or sales talent serve customers, manage their calendar, and sift through the company’s daily load of emails.
But can people really multitask like this? According to the National Library of Medicine, “…multitasking is almost always a misnomer, as the human mind and brain lack the architecture to perform two or more tasks simultaneously.” So, we don’t really multitask; we switch from one task to another.
The problem becomes that administrative tasks take away from attention to the things that make businesses grow. Product development, up-to-date marketing efforts, and sales all take a backseat to paperwork and constantly battling administrative hurdles.
But paperwork would be reduced, and administrative hurdles eliminated if people who were tasked with these duties could give them their full attention.
We strongly urge you to prioritize professional administration for your business — one that can step in to rescue you from this bureaucratic abyss.
By delegating to employees who are specifically tasked with administrative responsibilities, you are freed to focus on your core competencies — innovating, strategizing, and delivering quality to your customers.
With the burden of administrative tasks lifted, you can channel your creativity and strategic thinking into crafting products and services that not only meet but also exceed customer expectations. Administrative efficiency fuels managerial creativity, resulting in a business that not only runs smoothly, but also thrives in delivering excellence.
Not ready to organize and staff an administrative department? Another possibility is to outsource your administrative duties to an outside firm offering a virtual assistant. It can handle your calendar management, travel arrangements, email management, and data entry. The virtual assistant can even provide customer service from online inquiries or over the phone.
This is especially helpful if you’re just starting out. Your business may not require a full-time employee to complete all of its administrative tasks. You hire an outside virtual assistant to do them so you, or your sales force, can concentrate fully on what you do best — bringing in new business.
Then, as you grow, you may reach a point where it makes sense to hire a full or part-time administrator. In the meantime, the outside firm can work as your administrative department.
The upshot is that it’s so important to take the administrative duties of your business seriously. And consider the people who quickly and accurately complete them as truly the unsung heroes of your business.
Christina Aiello is the administrative officer at Empower Business Strategies. Contact her at christina@gowithempower.com
Morehouse Appliances celebrates five generations of business
NEW HARTFORD — From world wars to a global pandemic, Morehouse Appliances has weathered it all through four generations of family ownership — with the fifth generation already on staff. The appliance retailer and servicer celebrated its 130th year in business on April 20 with an event to celebrate its decades in business, the five
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NEW HARTFORD — From world wars to a global pandemic, Morehouse Appliances has weathered it all through four generations of family ownership — with the fifth generation already on staff.
The appliance retailer and servicer celebrated its 130th year in business on April 20 with an event to celebrate its decades in business, the five generations of family behind it, and the customers who have supported the business along the way. The event featured cooking demonstrations, discounts, and giveaways.
“It’s kind of a big number,” owner Dan Morehouse says of why he chose to celebrate 130 years.
Henry D. Morehouse opened the first store — H.D. Morehouse — in 1894. Eventually, his son Leslie joined him working in the business before World War I took him to Europe, Morehouse says. During that time, his great grandmother helped her husband run the store until their son returned and took over.
Morehouse’s father, another Henry, took over the business in 1973 after his father passed. Eventually Dan and his brother Dave took the reins from their father in 1993.
“We were the first siblings in the business together,” Morehouse notes. His brother retired a few years ago, and now Morehouse’s daughter Ellie works with him as the store’s office manager.
“I’m not ready to retire yet,” Morehouse says, but he’s already planning for his daughter and future generations to take over one day.
The early Morehouse generations contended with two world wars and kept the business going, he says. During World War II, people couldn’t even buy new appliances because none were being made. All manufacturing efforts went toward armaments for the war, he says. However, they could bring in an old appliance to trade and purchase a refurbished one. Customers’ old appliance would then be refurbished and sold to someone else.
Fast forward 75 years, and Morehouse had to contend with a global pandemic that severely disrupted supply chains for all of his products.
The store remained open and still had display models because he decided not to sell them, Morehouse recalls. He believes that decision helped him continue to make sales during the pandemic.
“We had back orders that it took well over a year to get them,” he says. “People were ordering, and they understood it would take a while.”
It was challenging tracking those orders and managing deliveries throughout the pandemic, but they got the job done, Morehouse says.
“We gained during the pandemic, and we’ve kept most of those new customers,” he adds.
Morehouse credits the family value of focusing on the customer for the company’s 130-year history, including through those trying times.
“We hope to go for another 130 years,” he adds.
Morehouse Appliances operates from 15,000 square feet of space at 8411 Seneca Turnpike in New Hartford. The store has 11 full-time employees, including positions in sales, service, and delivery.
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