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New York closed, pending home sales jump in January

ALBANY, N.Y. — The hot residential-housing market in the state did not cool off in the first month of the new year, despite a lack of inventory. New York realtors sold 11,153 previously owned homes in January, up 16.7 percent from 9,557 homes sold in January 2020. And pending sales in January climbed nearly 23 […]

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SBA makes five changes to PPP loan rollout

The U.S. Small Business Administration (SBA) on Feb. 24 started implementing the first of five changes to the Paycheck Protection Program (PPP) that the Biden-Harris Administration says will promote “equitable relief for America’s mom-and-pop businesses.” The PPP is a forgivable-loan initiative that seeks to help small companies survive the economic dislocations of the COVID-19 pandemic. The

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Syracuse one-bedroom apartment rent prices rise slightly in latest month, up 5 percent from a year ago

The February 2021 Zumper National Rent Report found the median rental price for most apartments in the Syracuse metro area was up just over 1 percent compared to the previous month, but up 5 percent from the year-prior month. The median rental price of one-bedroom apartments in the Syracuse region was $840 in the latest month, up

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Onondaga County hotel occupancy rate falls nearly 25 percent in January

SYRACUSE, N.Y. — Hotels in Onondaga County had significantly more vacancies in January than in the year-prior month, as the COVID-19 pandemic continued to stunt the hospitality business, according to a recent report. The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county fell 24.6 percent to 31.4 percent in

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Oneida County hotels post smallest occupancy drop since pandemic’s start

UTICA , N.Y. — Oneida County’s hotel occupancy rate (rooms sold as a percentage of rooms available) in the county fell 14 percent to 35.8 percent in January, compared to a year prior, according to STR, a Tennessee–based hotel market data and analytics company. The decline was the smallest since the COVID-19 pandemic started last

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Schumer, Gillibrand introduce bill to strengthen unions

New York’s U.S. senators announced they have reintroduced the protecting the Right to Organize (PRO) Act, a measure that would strengthen workers’ rights to organize and bargain for fairer wages, better benefits, and safer workplaces.  The pro-union legislation would “bolster” workers’ rights and address the  “income inequality crisis that has been exacerbated” by the pandemic, U.S. Senate

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New York sweet-corn production declined 17 percent in 2020

New York farms produced an estimated 288 million pounds of sweet corn in 2020, down 17 percent from the 2019 estimate, according to a USDA National Agricultural Statistics Service (NASS) 2020 vegetable production-summary report issued on Feb. 12. The average yield per acre was estimated at 11,500 pounds last year, almost 12 percent below the 2019 average

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NO NONSENSE MARKETING: Will Employers or Workers Have the Upper Hand After the Pandemic?

It’s been a year now since we came under the relentless domination of the coronavirus. After all this time, the picture isn’t pleasant. The end is uncertain and the implications for the future are far from clear. McKinsey reports that “75 percent of employees in the United States and close to a third in the Asia–Pacific region

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Rehabilitation commercial tax credit spurs 150 area projects since 2011

Project managers have sought the use of New York’s rehabilitation commercial tax credit in 150 projects in four upstate New York regions since 2011.  That includes 43 projects that cost more than $401 million in Central New York, 21 projects costing nearly $49 million in the Mohawk Valley, 38 projects costing more than $121 million in the

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