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The Salvation Army of the Syracuse Area fills two leadership positions
SYRACUSE — Captain John C. Luby and Major Gayle B. Luby took over as area coordinator and associate area coordinator, respectively, for The Salvation Army
Upstate Shredding-Ben Weitsman acquires Western NY scrap yard
OWEGO — Upstate Shredding-Ben Weitsman has announced the acquisition of Valley Recycling of Allegany in Cattaraugus County in an all-cash transaction. The company completed
Berkshire Hills Bancorp CFO to resign on Friday
Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, on Monday announced that Kevin Riley, executive vice president and CFO, will resign on
SCORE offers Binghamton workshop on achieving business success
BINGHAMTON — The Binghamton Chapter of SCORE is offering to the public a Success Through Knowing Your Business workshop, Thursday, Aug. 8, from 5:30 to
The Business Council taps Hughes as VP of communications
The Business Council of New York State, Inc. announced it has appointed Gary Hughes as its vice president of communications. Hughes has more than
USDA selects NY schools for Greek-yogurt pilot program
The U.S. Department of Agriculture (USDA) has issued a pilot program that will provide Greek yogurt to schools in four states, including New York, U.S. Senator Kristen Gillibrand (D–N.Y.) and U.S. Representative Richard Hanna (R–Barneveld) announced today. The state is a “natural fit” because of its “burgeoning” Greek-yogurt manufacturing sector and New York school districts
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The U.S. Department of Agriculture (USDA) has issued a pilot program that will provide Greek yogurt to schools in four states, including New York, U.S. Senator Kristen Gillibrand (D–N.Y.) and U.S. Representative Richard Hanna (R–Barneveld) announced today.
The state is a “natural fit” because of its “burgeoning” Greek-yogurt manufacturing sector and New York school districts favor the program, Gillibrand and Hanna said in a news release.
New York leads the country in Greek yogurt production, the lawmakers said. Several producers have operations in the state, including Norwich–based Chobani, which ranks first in the U.S. in Greek yogurt market share.
The purpose of the pilot program is to test the cost effectiveness of offering high-protein Greek yogurt in the school-lunch program, which feeds 31 million students monthly nationwide.
The Greek-yogurt pilot program would also promote the health benefits of Greek yogurt. Compared to regular yogurt, Greek yogurt has twice the protein, less sodium, and fewer carbohydrates, according to Gillibrand and Hanna.
If the pilot program is successful in the trial states, Greek yogurt could become a permanent fixture on the USDA Foods List for school meals. In addition to New York, Tennessee, Idaho, and Arizona will also participate in the pilot program. Chobani also has a manufacturing plant in Idaho.
In January, Gillibrand and Hanna urged the USDA to select New York schools for the Greek-yogurt pilot program, the lawmakers said.
Contact Reinhardt at ereinhardt@cnybj.com
Upstate consumer sentiment climbs in June
Consumer sentiment in upstate New York rose three points to 76.9 in June, according to the latest monthly survey from the Siena (College) Research Institute (SRI) released on Friday. Upstate’s overall-sentiment index of 76.9 is a combination of the current-sentiment and future-sentiment components. Upstate’s current-sentiment index of 81.5 is up 1.5 points from May,
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Consumer sentiment in upstate New York rose three points to 76.9 in June, according to the latest monthly survey from the Siena (College) Research Institute (SRI) released on Friday.
Upstate’s overall-sentiment index of 76.9 is a combination of the current-sentiment and future-sentiment components. Upstate’s current-sentiment index of 81.5 is up 1.5 points from May, while the future-sentiment level rose 3.9 points to 74, according to the SRI data.
The Upstate figure was 1.8 points below the statewide consumer-sentiment level of 78.7, which was up 1.5 points from April, SRI said.
New York’s consumer-sentiment index was 5.4 points lower than the figure for the entire nation of 84.1, which was down 0.4 points from May, as measured by the University of Michigan’s consumer-sentiment index.
National confidence slowed this month but consumers in New York took another “sure- footed step” up the staircase of economic recovery, Dr. Douglas Lonnstrom, professor of statistics and finance at Siena College and SRI Founding Director, said in a news release.
“The overall index as well as both the current and future outlooks were up over the breakeven point indicating more optimism than pessimism for the second straight month. In fact, each index is up between 23 and 27 points compared to this time in 2008,” Lonnstrom said.
In SRI’s monthly analysis of gas and food prices, 68 percent of upstate respondents said the price of gas was having a serious impact on their monthly budgets, which is down from 69 percent in May and unchanged from the 68 percent figure in April.
In addition, 56 percent of statewide respondents indicated concern about the price of gas, down from 57 percent in May, according to SRI.
When asked about food prices, 69 percent of Upstate respondents indicated the price of groceries was having a serious impact on their finances, down from 71 percent in May. About 67 percent of statewide respondents expressed concern about their food bills, down from 68 percent in May.
SRI conducted its consumer-sentiment survey in May by random telephone calls to 800 New York residents over the age of 18.
NBT Bank announces wealth-management team changes
NORWICH — NBT Bank announced it has appointed Kenneth J. Entenmann as chief investment officer of NBT Financial Group, a division of the bank that provides trust, investment, insurance, and retirement services to businesses, nonprofits, and individuals. It also has promoted Douglas J. Coggins to retirement-plan services manager and Brian A. Voss to director
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NORWICH — NBT Bank announced it has appointed Kenneth J. Entenmann as chief investment officer of NBT Financial Group, a division of the bank that provides trust, investment, insurance, and retirement services to businesses, nonprofits, and individuals.
It also has promoted Douglas J. Coggins to retirement-plan services manager and Brian A. Voss to director of business development.
Entenmann joined NBT Financial Group with NBT Bank’s acquisition of Alliance Bank. As chief investment officer, he oversees the Trust Investment Department and serves as chair of the Investment Committee. Entenmann has more than 28 years of experience in the field of investment management. Prior to joining NBT, he was director of Alliance Investment Management for nine years and before that managed institutional accounts for 10 years at HSBC.
Coggins joined NBT Financial Group in 2001. As retirement-plan services manager, he is responsible for administering retirement-plan services and products offered to businesses and nonprofit organizations. Coggins has more than 21 years of financial-services experience.
Voss joined NBT Financial Group in 2003. In his new role, he oversees bankwide business development for wealth-management services. Previous roles have included financial consultant, market manager, and director of brokerage services.
Completing the management team at NBT Financial Group are Timothy J. Handy, chief operating officer, and Roger Clarkson, financial-services manager, who are continuing in their roles with NBT Financial Group.
Contact The Business Journal at news@cnybj.com
Onondaga County travel spending rises, SCVB reports
Destiny USA cited as a key factor SYRACUSE — Visitor travel spending grew 3.5 percent in Onondaga County during 2012 compared to the previous year, according to a new report analyzing the impact of tourism in New York. The Syracuse Convention & Visitors Bureau (SCVB) recently released details about the report, entitled Economic Impact
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Destiny USA cited as a key factor
SYRACUSE — Visitor travel spending grew 3.5 percent in Onondaga County during 2012 compared to the previous year, according to a new report analyzing the impact of tourism in New York.
The Syracuse Convention & Visitors Bureau (SCVB) recently released details about the report, entitled Economic Impact of Tourism in New York.
Visitors to Onondaga County spent $791 million in 2012, up from $764 million the previous year, the report found.
“It’s a good indicator of what we’re seeing in terms of overall traffic, in terms of results,” says David Holder, president of the SCVB.
The $791 million in travel spending supports more than 16,700 jobs in Onondaga County and generates $103 million in tax revenue, according to the SCVB.
The factors that contributed to the increased travel-spending figure included the “improved” economic climate, Holder says.
“That meant more business travel and transient and general-leisure travel for Syracuse,” he says.
Holder also points to the expansion at Destiny USA, saying it’s attracting more Canadian visitors.
People in the Syracuse area see Destiny USA as a shopping center, a place to eat, and venue offering various forms of entertainment, such as a place to watch a movie, Holder says.
For visitors, it’s “a very different blend” of traditional retail, outlet-based retail, restaurants, and entertainment, he adds.
“And you put that into position with other things to offer in the community, it definitely has changed the people’s perceptions, potential-visitor perceptions of what Syracuse has to offer for a destination,” Holder says.
The increased travel spending has a local-tax impact, according to the SCVB.
The tourism-generated state and local sales-tax revenue in 2012 prevented the average household in Onondaga County from paying an additional $565 in annual taxes, the organization estimated.
In addition to the overall economy and an expanded Destiny USA, summertime events also attract travel-spending dollars, the organization said.
Events such as the Syracuse Nationals, which its website bills as the “largest car show in the Northeast,” is held at the New York State Fairgrounds and generates travel spending estimated at $13 million, the SCVB said.
The Ironman 70.3 Syracuse triathlon, which has attracted participants and visitors to Jamesville Beach Park annually since 2010, is estimated to generate travel spending of $2.3 million, according to the SCVB, and possibly much more.
“But we’ve been told over and over again by the Ironman officials that we are way conservative with that estimate,” Holder says.
Upcoming events that will generate travel spending for 2013 include the East Coast Professional Baseball Showcase at NBT Bank Stadium from July 31 to Aug. 3.
The event features 150 of the best high-school baseball players from the East Coast and draws hundreds of college coaches and Major League Baseball scouts. It’s estimated to produce travel spending at $1 million, according to the SCVB.
The 2013 Bassmaster Open Series is set Aug. 1 to Aug. 3 at Oneida Shores Park, and the Athleta Iron Girl Syracuse Women’s Triathlon is scheduled at the same venue on Aug. 4. The estimated travel spending between the two events is $3.5 million, the SCVB said.
The same report from Philadelphia–based Tourism Economics found that New York’s tourism economy grew about six percent in 2012, following an eight-percent expansion in 2011.
Statewide visitor spending reached a new high of $57.3 billion in 2012 “reaffirming that travel and tourism remains a vital and growing component of the New York state economy,” according to the SCVB news release.
The SCVB is also following some recommendations delivered in the 2012 Destination Market Analysis, which the Annandale, Va.–based Reach Market Planning, LLC prepared for the region.
The recommendations include working to generate more convention business at the Oncenter and efforts at what Holder called “community branding.”
“Make the word[s] Syracuse, Finger Lakes, Central New York … a true driving brand that people just build off of,” he says.
Contact Reinhardt at ereinhardt@cnybj.com
Chuckster’s gives customers the Inside Scoop
VESTAL — Chuckster’s Family Entertainment Center, a fun park offering mini golf, climbing walls, and other activities, has added a new ice cream shop, called
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