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Endicott Interconnect files for Chapter 11 bankruptcy protection
ENDICOTT — Endicott Interconnect Technologies, Inc. (EIT), and its wholly owned subsidiary EI Transportation, LLC, today filed for Chapter 11 bankruptcy protection. That word
Dolce Vita Children’s Boutique to formally open new location Thursday
NEW HARTFORD — Dolce Vita Children’s Boutique will formally open its new location with a grand opening at 14 New Hartford Shopping Center, New Hartford
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
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.