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Polaris Library Systems acquired by a California firm
SALINA — Polaris Library Systems, a Salina–based provider of automation software for public libraries, is under new ownership. Emeryville, Calif.–based Innovative Interfaces, Inc., a firm that also specializes in library technology, on April 1 announced it acquired Polaris on March 31. Neither side released terms of the acquisition in the Innovative Interfaces news release. The […]
Chemung Financial board adds Tranter, Tyrell as new directors
ELMIRA — Chemung Financial Corp. (NASDAQ: CHMG) announced it has added G. Thomas Tranter, Jr., of Horseheads, and Thomas R. Tyrrell, of Loudonville, to the board of directors of Chemung Financial and its primary subsidiary, Chemung Canal Trust Company. Tranter is president of Corning Enterprises, a unit of Corning, Inc. He joined Corning in 2000
Mergers and Consolidations: An Opportunity for Today’s Nonprofits
During the economic downturn that began around 2008 and continued for several years, mergers and acquisitions between for-profit businesses slowed significantly. However, mergers, consolidations, and other types of affiliations began to proliferate among nonprofits during this time as several factors forced nonprofits to look for means to cut costs and do more with limited resources.
Mackenzie Hughes forms practice group to help employers who hire foreign nationals
SYRACUSE — An increasing number of foreign nationals are coming to the United States for jobs these days, and that means employers hiring them need to be on top of the regulations and paperwork required for such employment. That’s why Syracuse–based law firm Mackenzie Hughes LLP recently formed a practice group specifically dedicated to immigration
EBRI survey: Retirement-savings confidence rebounds
Americans’ confidence in their ability to afford a comfortable retirement has recovered somewhat from the record lows of the past five years. That’s according to the 24th annual Retirement Confidence Survey (RCS) that the nonprofit Employee Benefit Research Institute (EBRI) released on March 18. However, it doesn’t appear the findings are the result of improved
Every Business Owner Should Start a 401(k) plan
In President Obama’s new budget proposal, he suggested taxing the historically pretax 401(k) contributions of about half a million people. Some business owners are reticent to start defined-contribution plans for their employees because of this proposal. But the president’s hope to restrict the plans should actually make owners more interested in creating one. Obama’s suggested
Complying with the Nonprofit Revitalization Act’s rules
New York Governor Andrew Cuomo signed the Nonprofit Revitalization Act of 2013 last December. Even though the law represented the first major revisions to New York Not-For-Profit Corporation law in over 40 years, all I could say was, “Here we go again!” — with all due respect to Ronald Reagan who first made that phrase
First Niagara launches private insurance exchange
BUFFALO — First Niagara Benefits Consulting (FNBC), a division of First Niagara Risk Management, Inc., today announced its launch of a private insurance exchange. FNBC
Chemung Financial board adds new directors
ELMIRA — Chemung Financial Corp. (NASDAQ: CHMG) announced it has added G. Thomas Tranter, Jr., of Horseheads, and Thomas R. Tyrrell, of Loudonville, to the
California firm acquires Salina’s Polaris Library Systems
SALINA — Polaris Library Systems, a Salina–based provider of automation software for public libraries, is under new ownership. Emeryville, Calif.–based Innovative Interfaces, Inc., a firm
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