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Small Business

ICS expands Northeast footprint by acquiring Massachusetts firm

ENDICOTT, N.Y. — ICS has expanded with the acquisition of a company in Raynham, Massachusetts. It purchased Unified Networking Solutions, a provider of information-technology (IT) services in the Southeastern Massachusetts market. ICS didn’t disclose any financial terms of its acquisition agreement in its news release announcing it. Founded in 1986, ICS is an Endicott–based provider […]

Cayuga Health buys space at The Shops at Ithaca Mall

LANSING, N.Y. — Cayuga Health plans to redevelop the former retail space at The Shops at Ithaca Mall into a new mixed-use health-care facility.  Plans will also include the development of a new health-education center in partnership with Cornell University, Ithaca College, and Tompkins Cortland Community College.  The health-care system on March 15 announced that

Willie’s opens new café location in Utica

UTICA , N.Y.— After five years with just one location, Willie’s Bagel Café is bringing its New York City–style bagels to even more people with a second location in the former Patio Drive-In property on Oriskany Street. Willie’s Gourmet Cafe, which opened in early March, fulfills a longtime dream for owner William Rodriguez, who always

VIEWPOINT: Important Recent ESOP Developments

We saw several significant legal developments relating to employee stock-ownership plans (ESOPs) last year. This article will summarize a few of the most important developments. Fiduciary Indemnification and Insurance — Scalia v. Professional Fiduciary Services, LLC Fiduciaries of benefit plans covered by the Employee Retirement Income Security Act of 1974 (ERISA), including ESOPs, are subject to personal liability

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