Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Binghamton University to use federal grant for school-based mental-health workers in Chenango County
VESTAL — The U.S. Department of Education has awarded Binghamton University Community Schools (BUCS) a five-year grant totaling more than $4.5 million to expand mental-health services in Chenango County. The effort is part of the Mental Health Service Provider Demonstration grant program, Binghamton University said in its announcement. The initiative — entitled Empowering Rural Communities: […]
Le Moyne, Meier’s Creek Brewing Company team up on 2nd beer
Heights Honey Ale is the new beer SYRACUSE — Le Moyne College was set to launch its second beer on Nov. 22, a beverage that is part of its collaboration with Meier’s Creek Brewing Company. Heights Honey Ale will be available for a limited holiday season run in retail stores throughout the Central New York
NYS fines GEICO, Travelers $11.3 million combined over data breaches
ALBANY — New York State says it will collect fines totaling $11.3 million from two auto-insurance companies for having “poor data security,” which led to the personal information of more than 120,000 New Yorkers “being compromised.” The Government Employees Insurance Company (GEICO) will pay $9.75 million in penalties and The Travelers Indemnity Company (Travelers) (NYSE:
Oswego Industries to develop VR Career Exploration program
KeyBank Foundation awards $10,000 for the effort FULTON — KeyBank Foundation has awarded Oswego Industries, Inc. a grant of $10,000 that will support its Virtual Reality (VR) Career Exploration program. Oswego Industries is a nonprofit organization dedicated to providing services to individuals with disabilities. It’s located
Ask Rusty: When Should My Wife Claim SS Benefits?
Dear Rusty: I turned 64 in July and my wife turned 62 in August. My wife has not worked for about 15 years but does qualify for Social Security (SS) on her prior work record. My wife is having some physical issues and would like to not return to work. Since she is eligible to
Report: Most Central New York regions added jobs in October
The Syracuse, Utica–Rome, Watertown–Fort Drum, Binghamton, and Elmira regions all gained jobs between October 2023 and this past October. Bucking the trend, the Ithaca area lost jobs in that same period. That’s according to the latest monthly jobs report that the New York State Department of Labor (NYSDOL) issued on Nov. 14. October jobs data
Local investor group plans to buy Cazenovia College campus
CAZENOVIA — A local investor group is planning to buy the campus of Cazenovia College. The group calls itself 9 Fresh, and Village of Cazenovia Mayor Kurt Wheeler confirmed its plans for the campus in an email to CNYBJ. No expected purchase price was disclosed. The campus closed due to financial difficulties following the 2022-23
VIEWPOINT: IRS Clarifies 403(b) Plans’ Obligations to Part-Timers
On Oct. 3, 2024, the Internal Revenue Service (IRS) released important guidance on the obligations of 403(b) plan sponsors to their part-time employees. Under recently passed legislation that is effective Jan. 1, 2025, a long-term, part-time (LTPT) employee — one who works 500 or more hours in each of two consecutive years — must be
VIEWPOINT: Strategies for Success: Top 5 Audit & Compliance Challenges
For financial institutions The regulatory compliance environment is becoming increasingly complex for financial institutions. A multitude of challenges — ranging from representment fees and fair-lending practices to AI privacy concerns, adjustable-rate mortgage compliance, and interest-rate risk management — demand meticulous attention from internal audit and compliance teams. Here are several strategies that financial institutions can
VESTAL, N.Y. — Binghamton University says it is a key partner in a new federally funded institute that’s focused on the use of “digital twins” to improve domestic semiconductor design and manufacturing. The U.S. Department of Commerce and the Semiconductor Research Corporation Manufacturing Consortium Corp. (SRC) recently announced that they’re negotiating for the department to
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.