Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
M&T Bank rolls out new services for small businesses
M&T Bank (NYSE: MTB), which banks number one in deposit market share in the 16-county Central New York area, on June 19 announced a series of new and upcoming services for its small-business customers. They include a new online business-loan application, new business credit cards, and a new business cash-management platform. Online-lending platform M&T Bank […]
New NFIB state director hears similar concerns as in last job
Former Unshackle Upstate leader tackles related issues ROCHESTER — Two weeks into his new job, NFIB New York State Director Greg Biryla says he is hearing many of the same concerns that he heard when he was executive director of Unshackle Upstate. “It’s tax-burden issues, regulatory issues,” he says in a July 13 phone interview
Diversifying Outside of Your Small Business
Small-business owners are especially vulnerable to a dangerous investment practice: under-diversification. For many, their business represents the lion’s share of their net worth. With fortunes riding largely on the success or failure of a single business in a single industry, business owners are exposed to heightened levels of investment risk. Recognizing that risk and understanding
Watertown, Cortland to use DRI funding for small-biz projects
Both Watertown and Cortland plan to use a portion of their respective $10 million funding awards in the state’s Downtown Revitalization Initiative (DRI) on projects to help small businesses. The projects involve both funding and spaces for operations. The office of Gov. Andrew Cuomo announced the projects for Watertown on July 11 and the initiatives for
Brotzki, Masingill, and Smith acquire Schneider Packaging
BREWERTON — Three top executives at Schneider Packaging Equipment Co. have bought the business from the Schneider family. President Bob Brotzki, Executive VP Greg Masingill, and VP of Engineering and Services Mike Smith closed on the acquisition June 22. Financial terms were not disclosed. The 130-employee company on Guy Young Road in Brewerton designs and
CountryMax opens store in Oswego, its 16th location
OSWEGO — CountryMax — a 34-year-old Rochester–area-based, family-owned retailer of pet supplies and farm and garden products — has opened a new store at 276 State Route 104 in Oswego. It represents the firm’s 16th store, the company said in a news release issued July 6. CountryMax built the 25,000-square-foot store, the company said in
Chuckster’s Family Entertainment Center opens new laser tag attraction
VESTAL — Chuckster’s Family Entertainment Center — a fun park that offers miniature golf, a climbing wall, and batting cages — has formally opened its new laser tag attraction. The 10-acre entertainment center celebrated the grand opening of its outdoor laser tag feature with an afternoon event on July 10 at the park — located
American Airlines to offer Ithaca to Charlotte flight starting in late December
ITHACA, N.Y. — American Airlines (NASDAQ: AAL) announced that it will offer a direct flight from the Ithaca Tompkins Regional Airport to American’s hub at
New York maple-syrup production rises 6 percent in 2018
Maple-syrup production in New York state increased 6 percent To 806,000 gallons this year from 760,000 gallons in 2017, according to the USDA National Agricultural Statistics Service (NASS). The number of taps in the Empire State rose 3 percent to 2.73 million taps in 2018 from 2.65 million last year. The yield per tap increased
Dessert shop opens near Syracuse University campus
SYRACUSE — Yeti Frozen Yogurt & Smoothies opened in early June on Westcott Street, near the Syracuse University campus, offering self-serve frozen yogurt, along with a variety of drinks such as smoothies, milkshakes, and teas. Christopher Norcross, the business owner, says he opened the 1,500-square-foot shop at 558 Westcott St. after seeing a “for lease”
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.