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Small Business

Whitman School implements new leadership structure

J. Michael Haynie, vice chancellor for strategic initiatives and innovation, will serve as Whitman’s executive dean, while Alexander McKelvie will continue to serve as interim dean, a role he has held since July 2022.  Both appointments are effective immediately, Syracuse University Chancellor Kent Syverud said in a July 28 announcement. Haynie’s appointment to executive dean […]

Midyear business leaders outlook improves slightly

Business leaders are slightly less worried about a recession this year, according to JPMorgan Chase & Co.’s 2023 Midyear Business Leaders Outlook survey. A total of 45 percent of business leaders say the nation is already in a recession or expect a recession before the end of 2023, down from 65 percent who felt that

State’s $55.5M Small Business Revolving Loan Fund 2 offers microloans

ALBANY — New York State recently announced that its expanded $55.5 million Small Business Revolving Loan Fund 2 is available to provide shorter-term microloans and regular loans to address “inequitable” capital access “by bridging the financing gaps facing new companies, under-banked communities, and small businesses.”  It’s part of New York’s broader Small Business Credit Initiative

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Five Star Bank partners with software firm on digital loans

WARSAW — Five Star Bank is now offering digital-loan origination for small businesses through its partnership with Numerated, a Boston, Massachusetts–based software company.  Five Star Bank is the wholly owned community bank subsidiary of Financial Institutions, Inc. (NASDAQ: FISI), which is headquartered in Warsaw in Wyoming County in Western New York and has branches across

Banker offers small firms’ tips on navigating current economy

Despite the doom and gloom in the headlines, the overall small-business outlook is still fairly positive, says Lindsay Weichert, senior VP and commercial-banking group manager at Community Bank, N.A., a DeWitt–based commercial bank serving customers in upstate New York, northeastern Pennsylvania, Vermont, and Massachusetts. While the Federal Reserve is still working to cool down the

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