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Bassett receives $6 million grant to help open employee childcare center
COOPERSTOWN — The Clark Foundation has awarded a $6 million grant to underwrite the creation of a new daycare facility on the Bassett Medical Center campus in Cooperstown. “The foundation’s board of trustees and I are very pleased to be providing the funding needed to build a state-of-the-art daycare center,” Jane Forbes Clark, foundation president, […]
Pathfinder Bancorp’s profit falls 18 percent in Q1 amid difficult conditions for banks
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the holding company for Pathfinder Bank, reported that its net income declined more than 18 percent to $2.12 million, or 34 cents a share, in this year’s first quarter from $2.6 million, or 43 cents, in the first quarter of 2023. The banking company’s total revenue (net interest
SRC awarded $60M Air Force contract
CICERO — SRC Inc. recently won a $60 million U.S. Air Force contract for research and development. This indefinite-delivery/indefinite-quantity contract provides for exploring new and emerging concepts related to development, integration, assessment, evaluation, and demonstration of cybersecurity, open-system architecture, novel avionics and sensor technologies, and multi-domain technologies focusing on the electric-warfare piece of avionics. That’s
Tompkins Financial boosts quarterly dividend to 61 cents a share
ITHACA — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors has authorized payment of a regular quarterly cash dividend of 61 cents per share for the second quarter of this year. The dividend amount is up 1 cent per share, or 1.6 percent, from the dividend of 60 cents a share
Brooklyn Pickle opens second North Carolina restaurant
Brooklyn Pickle is continuing its expansion south with a second location in North Carolina, the company announced. Brooklyn Pickle Raleigh celebrated its grand opening on May 6 with food and giveaways. The owners of this location, Peter and Jane Kim, are partnering with Brooklyn Pickle company owner Craig Kowadla on what is the restaurant’s sixth
Wells College cites financial problems in decision to close
AURORA — Wells College, which has operated in Aurora on the eastern side of Cayuga Lake for 156 years, will soon be closing. Citing financial difficulties, the Cayuga County school on April 29 announced plans to close at the end of this academic semester. “As trustees, we have a fiduciary responsibility to the institution; we
Raymond Corporation buys buildings in Kirkwood
KIRKWOOD — The Raymond Corporation has purchased two buildings on connecting parcels Kirkwood, expanding its permanent presence in Broome County and setting the stage for future growth. The company acquired two parcels located at 191 Corporate Drive and 196 Corporate Drive in the town of Kirkwood on April 1. According to Broome County property records,
All but one CNY sub-region added jobs in the last year
The Syracuse, Utica–Rome, Watertown–Fort Drum, Binghamton, and Elmira regions all gained jobs between March 2023 and this past March. Bucking the trend, the Ithaca metro area posted a slight decline in jobs in that same 12-month period, according to the latest monthly employment report that the New York State Department of Labor (NYSDOL) issued on
SU’s IVMF to use $3.5M Google grant to train veterans on AI, cybersecurity
SYRACUSE — Syracuse University’s (SU) D’Aniello Institute for Veterans and Military Families (IVMF) will use a $3.5 million grant from Google to help train veterans on two pertinent topics in the technology world. SU’s IVMF will use the funding to help train transitioning service members, veterans, and military-connected spouses on cybersecurity and artificial intelligence (AI)
VIEWPOINT: USDOL Announces Final Rule to Boost Salary Level to Qualify for White-Collar Exemptions
On April 23, 2024, the U.S. Department of Labor (USDOL) announced its final rule to increase the minimum weekly salary to qualify for the Fair Labor Standards Act white-collar exemptions. The final rule [was] published in the Federal Register on April 26, and will become effective on July 1. Under the final rule, the minimum
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