Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

Insurance Rates: What is really going on with these premiums and why they seem to be increasing!
This is a question we continuously get asked at CH Insurance. Clients with a good loss history, timely payments, excellent credit, and very good policies

Inventory Accounting Considerations for Manufacturing in the Life Science Industry
Finance and accounting professionals in the life science industry must often exercise significant judgment in applying accounting guidance to inventory. A few common inventory situations

How Technology Management Can Expedite Your Business Growth
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CECL Accounting Standard: What You Need to Know
The Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) 326, Financial Instruments-Credit Losses, became effective for all entities on January 1, 2023. This accounting

The New Rule for Independent Contractors – Are You Ready?
Effective March 11, 2024, the US Department of Labor will change the analysis it uses to determine whether an individual is an employee or independent

House of Representatives Passes $78 Billion Tax Package
On January 31, the House of Representatives overwhelmingly passed the Tax Relief for American Families and Workers Act of 2024, a tax package worth $78

Think Your Employees Aren’t Using ChatGPT?
Think again. Survey data is consistent that use of ChatGPT and other “generative” artificial intelligence (AI) platforms is expanding exponentially. While difficult to quantify, surveys
Utica University announces alumnae as commencement speakers
UTICA, N.Y. — Utica University announced it has chosen two alumnae as the speakers for its upcoming undergraduate and graduate commencement ceremonies. Amanda Saravia-Butler, a

Crouse Health launches leadership institute as part of its workforce-development initiative
SYRACUSE, N.Y. — Crouse Health says it’s establishing the Crouse Leadership Institute, which the health system considers a “major focus moving forward” as part of its workforce-development initiative. “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, N.Y. — Crouse Health says it’s establishing the Crouse Leadership Institute, which the health system considers a “major focus moving forward” as part of its workforce-development initiative.
“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 Thursday 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.”

CenterState CEO annual meeting offers awards, speeches on AI, CNY economic future
SYRACUSE, N.Y. — Business of the Year Awards and remarks on artificial intelligence (AI) and Central New York’s economic vision and future were all part of Thursdayafternoon’s annual meeting of CenterState CEO. The event attracted more than 800 business and community leaders to the Nicholas J. Pirro Convention Center at Oncenter, CenterState CEO said. In
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SYRACUSE, N.Y. — Business of the Year Awards and remarks on artificial intelligence (AI) and Central New York’s economic vision and future were all part of Thursdayafternoon’s annual meeting of CenterState CEO.
The event attracted more than 800 business and community leaders to the Nicholas J. Pirro Convention Center at Oncenter, CenterState CEO said.
In the Business of the Year Awards, the economic development and chamber of commerce organization recognized Crouse Health in the “More than 50 Employees”category. The finalists in the category also included Bond, Schoeneck & King PLLC; Tompkins Community Bank; and Woodford Bros., Inc.
Drakos Dynamics prevailed in the “Fewer than 50 Employees” category. The additional finalists in that grouping included 325 Productions; Potter Heating & AC – Perrone Plumbing Services; and ResilienX.
CenterState CEO recognized Food Bank of Central New York in the “Nonprofit”category. The additional finalists included Catholic Charities of Onondaga County;ConnextCare; and Housing Visions.
SGTR LLC was honored with the “Minority-owned Business” Award, which CenterState CEO presented in partnership with the Upstate Minority Economic Alliance. Additional finalists in the category included Brackens Financial Solutions Network;Cocoa’s Candle Bar; and La Liga.
In addition, CenterState CEO recognized NBT Bank with the “Community Involvement” award. The category’s additional finalists included CPS Recruitment, Inc.; Firley, Moran, Freer & Eassa, CPA, P.C.; and Novelis, Inc.
CenterState CEO President Robert Simpson talked about the opportunity for Central New York to “think bigger about its own economic future and to shape the growth that is coming.”
“As humans, we are so deeply rooted in what we’ve known … stagnation, population loss, progress that can sometimes feel glacially slow. But the moment we have now entered is entirely different,” Simpson said as he addressed the gathering at the annual meeting. “In a world of data, it’s an outlier, a full standard deviation or two from our past and even recent experience. Don’t believe me? Consider this: by the end of this decade there will be more people living in Central New York than at any other time in history. Over the next 15 years, projected job growth with Micron’s investment alone will drive our population by nearly 8 percent, create as many as 50,000 new jobs. Can anyone tell me the last time we had 50,000 more jobs in this community than we have today? Of course not. It’s a trick question. We’ve never had 50,000 more jobs in this community than we have today.”
Prior to Simpson’s remarks, Elizabeth Kelly, CEO of the U.S. AI Safety Institute at the National Institute of Standards and Technology (NIST), delivered the keynote presentation, speaking about the positive power of AI and the need for safeguards.
“First and foremost, AI holds transformative potential. We would not be having any of the conversations we are having today if we did not recognize the tremendous potential and want to harness it. The number of positive uses for AI truly has no limit but the human imagination.”
She then elaborated using Syracuse as an example. She pointed to chemical manufacturing, one of Syracuse’s earliest industries.
“Today, AI holds the potential to revolutionize chemical discovery and engineering processes. It has the ability to digitally synthesize tens of thousands of different chemicals and then choose among them [to] select the best one for the job. That makes chemical [research & development (R&D)], like other types of R&D, go a lot faster,”Kelly said in her remarks.
NIST is part of the U.S. Department of Commerce, which Kelly said works to promote U.S. innovation and industrial competitiveness and advancing AI safety is a “key part of that.”
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.