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POMCO Group promotes Whelan to VP/Controller
SYRACUSE, N.Y. — The POMCO Group, a Syracuse–based third-party administrator of self-funded health-care and risk-management plans, has promoted Tim Whelan to vice president and controller.
FAA awards grant funding to five upstate regional airports
The U.S. Department of Transportation’s (USDOT) Federal Aviation Administration recently awarded five regional airports grant funding for upgrades at each facility. The USDOT on July 31 awarded the Syracuse Regional Airport Authority a grant of $315,000. The Airport Authority will use the funding to acquire land-easement access to properties in close proximity to the airport
Employer Mandate Hits in 2015: Make Sure Your Business is Ready
If you were like most business decision-makers in the winter and spring of 2013, you were frantically trying to prepare for the implementation of the Affordable Care Act’s (ACA) employer-mandate provision that was set to go into effect Jan. 1, 2014. Business decision-makers at large employers across the nation heaved a collective sigh of relief
Carrols Restaurant Group reports narrower net loss in Q2
SYRACUSE, N.Y. — Carrols Restaurant Group, Inc. (NASDAQ: TAST) on Tuesday reported a net loss of $1.9 million, or 6 cents per share, in the
People news: NBT Bancorp hires Delepine as chief compliance officer
NORWICH, N.Y. — NBT Bancorp recently hired Jeffrey Delepine as senior vice president and chief compliance officer. In this position, Delepine is responsible for developing,
Comptroller issues review of fiscal first quarter’s tax collections
Total state-tax collections through the first quarter of the state’s fiscal year 2014-15 were $1.3 billion higher than projections from the New York State Division
Tompkins Chamber: Bailey Place Insurance to open office in Lansing
LANSING, N.Y. — The Cortland–based Bailey Place Insurance agency has plans to open an office in Lansing, which would represent its second location in Tompkins
Bonadio report: Upstate construction industry improves since 2012
The upstate New York construction industry has seen a “positive improvement” in the last couple years, according to the 2014 Upstate New York Contractors State of the Industry Study that The Bonadio Group released. About 75 respondents provided information for this year’s findings, the report says. Headquartered in Rochester, The Bonadio Group is an accounting
Blue Ocean’s Sarenski discusses how things have changed since recession, market downturn
SYRACUSE — Theodore (Ted) J. Sarenski, president and CEO of Blue Ocean Strategic Capital, LLC in Syracuse, says the 2007-2009 financial-market downturn, when stocks fell by more than 50 percent, caused substantial changes that still ring true today, including clients’ behavior. But other things, such as his firm’s approach to making investment decisions, have stayed
First Niagara generates strong loan growth in second quarter
BUFFALO — First Niagara Financial Group, Inc. (NASDAQ: FNFG) generated substantial loan growth in the second quarter across its various product lines and markets, the banking company reported on July 25. The Buffalo–based parent company of First Niagara Bank N.A. said average total loans increased 7 percent annualized in the second quarter from the first
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