Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
VIEWPOINT: Ask Rusty: Will Our SS Benefits Ever Be Non-Taxable?
Dear Rusty: If we take our Social Security (SS) benefits at our full retirement age (66 years and 6 months for both of us) and we both continue to work, what are the income-tax consequences? Is there an age at which we can still work and draw Social Security without tax consequences on our benefits? […]
CEO FOCUS: Economic Forecasters Share Exceptionally Positive Outlook for the Year Ahead
At CenterState CEO’s 2022 virtual Economic Forecast event [on Jan. 26], we presented our most optimistic Economic Forecast Report for Central New York that I can recall. This event is an opportunity to reflect on and put into context the economic trends of the past year. It is also about looking forward. I am incredibly confident
VIEWPOINT: New York State’s Eviction Moratorium Has Expired
New York State — the state with the highest share of renters in the United States — allowed its eviction moratorium to expire on Jan. 15. State officials enacted the Tenant Safe Harbor Act (TSHA) at the beginning of the COVID-19 pandemic and repeatedly extended it to the point where it became the second-longest statewide moratorium in
Area expert offers tips to minimize cyberthreats
ENDICOTT, N.Y. — The legions of employees working from home during the COVID-19 pandemic brought cybersecurity front and center as a business concern, and it’s an issue business owners need to address no matter where their employees are working from these days. In the early days of the pandemic as employers shifted to a heavily
CEO FOCUS: NYS, CenterState CEO Legislative Priorities Align for Progress in ‘22
Gov. Kathy Hochul [recently] outlined the state’s FY 2023 executive budget, which commits to investing in some of our state’s most pressing needs. Likewise, the priorities outlined in the governor’s State of the State will better position New York to be more competitive and accelerate economic growth as we emerge from the pandemic. Tax relief for small
Walsh outlines economic-development projects in State of the City speech
SYRACUSE, N.Y. — Plans for the vacant Syracuse Developmental Center property, an update on the Salina First project and Tech Garden expansion, and a new
CEO FOCUS: Benchmarking Central New York’s Regional Economic Progress
As I have spoken with business and community leaders at the start of this new year, I am energized by their excitement, optimism, and outlook — even as we all continue to navigate the challenges of the ongoing pandemic. Likewise, our business-development pipeline remains strong with a broad range of projects that signal new opportunities on the
NONPROFIT MANAGEMENT: Fresh Eyes on Board Governance in the New Year
The new year provides the perfect opportunity to reflect on how your organization has been governed and, if necessary, to make changes. One of the challenges organizations face is that board members do not fully understand their roles and responsibilities. Board members legally have a duty of care, duty of loyalty, and duty of obedience. Duty of
VIEWPOINT: New York Publishes Final Paid Sick-Leave Regulations
On Dec. 22, 2021, New York State published its final paid sick-leave regulations. These regulations are identical to the proposed regulations, initially published on Dec. 9, 2020. New York Paid Sick Leave (PSL) requires employers to provide paid leave to employees relating to an employee’s or an employee’s family member’s medical needs, or for reasons relating to
VIEWPOINT: N.Y.’s Minimum Salary Level to Qualify for Executive Exemptions Will Rise
Ever since the New York State Department of Labor (NYSDOL) announced an increase in the minimum wage from $12.50 per hour to $13.20 an hour in areas outside of New York City, and Nassau, Suffolk, and Westchester counties effective Dec. 31, 2021, we have been expecting a proportionate increase in the minimum weekly salary to qualify for
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.