Get our email updates
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
What's New
Upcoming Events
CNYBJ Job Board
Insurance & Financial Services
Succession planning leads to smoother ownership transitions
“Any business who looks out and says in 5 to 10 years, I don’t want to do this anymore,” should start succession planning now, says Richard Scrimale, chair of the business department and succession planning counsel at Hancock Estabrook, LLP in Syracuse. Succession planning, in its most basic terms, is how a business will transition […]
VIEWPOINT: Planning a Benevolent Business Exit
If you’re a business owner, at some point you may begin thinking about an exit strategy. Sometimes that strategy presents itself in the form of an unplanned, unsolicited buyer. Before you engage any potential acquirers, you might want to explore the benefits of contributing an ownership interest in your business to a donor-advised fund or
Moody’s upgrades Broome County financial rating
BINGHAMTON, N.Y. — Moody’s Investors Service has upgraded Broome County’s financial rating — to A1, from A2 — for the first time since 2011. In
Solvay Bank to pay quarterly dividend of 42 cents a share in late April
SOLVAY, N.Y. — Solvay Bank Corp. (ticker: SOBS), the holding company for Solvay Bank, recently announced that its board of directors has declared a cash dividend of 42 cents per share of its common stock for the first quarter. The dividend is payable on April 28, to shareholders of record at the close of business
AmeriCU Credit Union names new board chair and vice chair
ROME, N.Y. — AmeriCU Credit Union recently appointed two new leaders of its board of directors. Nick Fabrizio serves as the board’s chair while Jennifer Stowell is the vice chair of the credit union’s volunteer board. Both will serve three-year terms. Fabrizio is founder and CEO of Fabrizio & Company, a management-consulting firm in Baldwinsville.
Visions FCU opens new, revamped branch in Tioga County
NEWARK VALLEY, N.Y. — Visions Federal Credit Union (FCU) announced the opening of its newly rebuilt branch office in Newark Valley in Tioga County. The
WISE Women’s Business Center receives $100,000 Syracuse University grant
SYRACUSE, N.Y. — Syracuse University announced it is investing $100,000 in the WISE Women’s Business Center (WBC). This new special-impact grant will allow WISE WBC
Syracuse distressed-property fund application deadline comes in late April
SYRACUSE, N.Y. — Anyone interested in seeking funding through the City of Syracuse’s distressed-property fund has until 3 p.m. on April 26 to submit an application. The new distressed-property fund seeks to spur redevelopment and improvement of vacant, distressed commercial, mixed-use and historic properties in the city. It uses money from the American Rescue Plan
Retail Council of New York State partners with Albany firm to boost insurance offerings for members
ALBANY, N.Y. — The Retail Council of New York State has a new insurance partnership that allows the organization to offer a full suite of insurance products to its members. The Retail Council has partnered with Albany–based Mohawk Insurance Services, Inc., per a March 6 announcement. The new partnership represents an expansion of its insurance
State attorney general investigating Hamilton tax and insurance firm
WAMPSVILLE, N.Y. — New York Attorney General Letitia James on Tuesday announced that her office is investigating a Madison County tax preparation and insurance-services firm.
Get our email updates
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.