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Small Business

State launches $10 million loan fund for entrepreneurs

ALBANY, N.Y. — New York State has launched a new $10 million fund that will provide qualifying startup and early-stage companies with access to affordable term loans up to $100,000. The Main Street Capital program is part of New York’s broader State Small Business Credit Initiative efforts led by Empire State Development, the office of

Rochester credit union to acquire Generations Bank of Seneca Falls

SENECA FALLS, N.Y. — ESL Federal Credit Union, of Rochester, will acquire Seneca Falls–based Generations Bank in a deal valued at $26.2 million, ESL announced. The acquisition expands ESL’s presence in the Greater Rochester and Finger Lakes region in Seneca, Cayuga, and Orleans counties while expanding its footprint into Ontario County. The combined financial institution

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FuzeHub

SBA awards FuzeHub $375K to support underserved entrepreneurs in New York

ALBANY — The U.S. Small Business Administration (SBA) has awarded FuzeHub $375,000 in funding to support entrepreneurs in underserved communities. FuzeHub, an Albany–based nonprofit, says it works to help New York State manufacturing and technology companies increase competitiveness and growth. FuzeHub’s funding includes two grants — $322,000 for its Equity in Manufacturing Innovation (EIM) program

The Network

New co-working space provides modern facility to tenants

NEW HARTFORD, N.Y. — The Network at 600 French is a new professional working space designed to serve as a permanent home for businesses looking for a modern space without the burden of owning and maintaining their own building. The space is the idea of Matt Wilson of MPW Marketing and Bill Matteson of Upstate

Upstate Golisano Children’s Hospital leader calls $10 million Golisano donation “magical”

SYRACUSE, N.Y. — The executive director of Upstate Golisano Children’s Hospital says the recent $10 million donation from Rochester businessman Thomas Golisano is “magical” for what it means for its future. “Tom has been with us every step of the way in our journey to provide the best care for our kids,” Dr. Gregory Conners,

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