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Banks & Credit Unions

Rickman now leading SBA Syracuse-Upstate district office

SYRACUSE, N.Y. — The U.S. Small Business Administration (SBA) recently announced it has named Daniel Rickman the new district director of its Syracuse-Upstate New York district office. The SBA also says it is seeking nominations for the 2024 National and District Small Business Week Awards.  New district director Rickman succeeds the previous director, Bernard J.

New York manufacturing index turns negative again in October

A benchmark gauge of manufacturing activity in New York state slipped into negative territory again in October, pointing to a decline in the sector. The general business-conditions index of the October Empire State Manufacturing Survey fell 7 points to -4.6 on factors that included declines in new orders, shipments, and unfilled orders. The index had

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IAED hopes to soon hit funding goal of 5-year investment initiative

ITHACA, N.Y. — Ithaca Area Economic Development (IAED) has reached 65 percent of its $2.1 million goal in its five-year investment initiative and hopes to reach the goal over the next few months. IAED announced the public launch of its five-year investment initiative — Th!nk Tompkins — on Sept. 21 during a private reception held

SUNY uses sustainability bonds to raise $113M for its residency-hall program

ALBANY, N.Y. — SUNY says the Dormitory Authority of the State of New York (DASNY) raised $113 million to support SUNY’s residence-hall program. DASNY raised the funding through its first-ever issuance of sustainability bonds, per a Sept. 13 announcement. The authority issued SUNY dormitory facilities revenue bonds with a sustainability designation. SUNY will use proceeds

SFCU merges with Edge Federal Credit Union

LIVERPOOL, N.Y. — Edge Federal Credit Union has merged with Sidney Federal Credit Union (SFCU) in a deal approved by Edge members on Sept. 19. The combination helps solidify SFCU’s entry into Onondaga County while also providing Edge members new products and enhanced services, SFCU President/CEO Jim Reynolds says.  Edge got its start in 1956,

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