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Broome County hotels register a decline in guests in April

BINGHAMTON, N.Y. — Broome County hotels welcomed fewer guests in April than the year-earlier month, while two other business indicators were mixed. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county fell 5.8 percent to 60.3 percent in the fourth month of this year compared to April 2022.  Revenue per […]

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Hale Transportation acquires Watertown group of companies

CLINTON, N.Y. — Hale Transportation has expanded into the Watertown market with the acquisition of a group of North Country businesses. The company closed in May on the acquisition of Clarence Henry Coach, Freeman School Bus Corp., and Freeman Fleet Repairs, says Stephen Hale, president of Hale Transportation. Hale Transportation worked with Clarence Henry Coach

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DEC opens new accessible boat launch in Verona

VERONA, N.Y. — The New York State Department of Environmental Conservation (DEC) recently cut the ribbon on a new accessible boat launch on the Barge Canal on Cove Road in the town of Verona.  The new launch enhances fishing and boating opportunities for all visitors, including those with disabilities, and connects to Oneida Lake to

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New York home sales fell nearly 30 percent in April

ALBANY, N.Y. — New York realtors sold 6,944 previously owned homes in April, a 29.6 percent decline from the 9,857 homes they sold in April 2022. Pending sales also fell more than 13 percent in the latest month, pointing to further declines in closed home sales in the next couple of months. That’s according to

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CNY regional job growth mixed in April compared to a year ago

Four Central New York sub-regions added jobs in the last year while two shed positions. The Syracuse, Utica–Rome, Watertown–Fort Drum, and Binghamton regions gained jobs between April 2022 and this past April. At the same time, the Ithaca and Elmira metro areas lost jobs in the same period. That’s according to the latest monthly employment

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Broome County upgrades softball complex

DICKINSON, N.Y. — From a new name to new turf, Broome County’s softball complex on Front Street is getting a $4 million overhaul, expected to wrap up this summer. Crews are performing several upgrades to the four-field facility, according to Brenda Growe, the county’s director of parks, recreation, and youth services. “We are converting it

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SUNY Poly receives funding to participate in transportation study

MARCY, N.Y. — The U.S. Department of Transportation has awarded SUNY Polytechnic Institute funding that is part of a broader $5 million research effort, spearheaded by City University of New York (CUNY), to assess public transportation and infrastructure needs. SUNY Poly’s Albany and Marcy campuses, as part of the new Center for Social and Economic

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Firms miss out on incentives for offering retirement plans

Many employers — particularly small-business owners — may not be taking advantage of some new incentives connected with setting their employees up for retirement success, according to one area wealth-management expert. Two laws covering retirement planning bookended the COVID-19 pandemic, with the SECURE Act passing in late 2019 and the SECURE Act 2.0 becoming law

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BPAS reaches $125M in revenue as it commemorates 50th year

UTICA, N.Y. — As it celebrates a half century of doing business, Benefit Plans Administrative Services (BPAS) has grown into a $125 million revenue company, with much of that growth occurring in the last two decades. The national provider of retirement plans, benefit plans, fund administration, and institutional trust services marked its 50th anniversary in

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Summit FCU receives NCUA’s ‘well capitalized’ rating

The National Credit Union Administration (NCUA) has the Summit Federal Credit Union (FCU) rated as “well capitalized,” representing NCUA’s highest rating category for credit union net worth.  Kofi Appiah Okyere, treasurer of the Summit FCU board of directors, shared the information during the organization’s May 10 annual meeting. He was discussing the credit union’s financial

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