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VIEWPOINT: 5 Ways a Community Bank Can Lend a Hand to a Small Business
As one of the largest investments people can make in their financial lifetime, operating a small business can be equal parts exhilarating and daunting. Fortunately, there are resources available to help small-business owners navigate the process of securing financial support. In fact, once you start looking for these resources, you’ll find that they are almost […]
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As one of the largest investments people can make in their financial lifetime, operating a small business can be equal parts exhilarating and daunting. Fortunately, there are resources available to help small-business owners navigate the process of securing financial support.
In fact, once you start looking for these resources, you’ll find that they are almost everywhere — offered by banks large and small, and financial firms far and wide. Choosing the right resources for your situation can make your loan experience smoother, though there are some inherent benefits to working with a community bank, particularly for small-business owners.
Here are five ways that community banks are well-equipped to help small businesses:
1. A holistic view. Most community banks can take an expanded look at a business owner’s qualifications beyond traditional credit history. Because community banks provide a more personal approach, they can take the time to learn the whole story and be a partner to you and your small business. Their loan officers are usually locals who live and work in the same community you do.
2. Personalized assistance. While most community banks use technology to their advantage — such as online application portals for the tech-savvy business owner who wants independence — smaller institutions can also walk a first-time small business owner through the process with more direct contact and an individualized approach. The best banks use a combination of technology and face-to-face contact — meaning you can expect more personal communication with your bank and hopefully less frustration.
3. Long-term relationships. There is a unique opportunity to build a lasting relationship when banking professionals live, work, and play in the same community as their customers. Community banks see the business-loan process as just one step in a series of financial milestones a small business might encounter in its operations. Most community banking professionals want to be a resource to lean on for years to come and view lending not just as a transaction, but also as a chance to develop a long-term partnership, with someone in their own community
4. Educational opportunities. Part of being well-prepared as a small-business owner is being well-informed. Community banks offer workshops and educational newsletters to educate the public on available programs and services. Information sessions provide business owners with invaluable tools and information for navigating economic changes and risks, such as fraud. Most seminars also allow for question-and-answer sessions and allow business owners to meet the professionals they’ll be working with — so, there’s a relationship from the start.
5. Specialized programs. Community banks become your partner as you build your business, and they understand that sometimes time is of the essence in reacting to an opportunity, or quickly moving forward with a time-sensitive plan. Community banks can offer a streamlined online application to help business owners secure funding and make decisions quickly. Community bankers make it a priority to understand your individual business, allowing them to provide fast, local decision-making to fund business costs when opportunities arise.
Owning a business is more than just a financial venture — it’s also an investment in a community, which makes community banks exceptionally well-suited to guide business owners on their journeys and ensure the process is accessible, secure, and achievable for all.
Heather Mullhall is AVP and business-development officer at Tompkins Community Bank.
VIEWPOINT: New CDC COVID Guidance Impact on New York State Paid Leave
On March 1, 2024, the Centers for Disease Control and Prevention (CDC) issued updated guidance related to COVID-19 prevention and treatment. Prior to [that date], the CDC recommended that individuals who test positive for COVID-19 should isolate for a minimum of five days following a positive test and also follow a period of post-isolation precautions.
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On March 1, 2024, the Centers for Disease Control and Prevention (CDC) issued updated guidance related to COVID-19 prevention and treatment. Prior to [that date], the CDC recommended that individuals who test positive for COVID-19 should isolate for a minimum of five days following a positive test and also follow a period of post-isolation precautions.
The CDC’s new respiratory virus guidance includes several changes to its prior COVID-19-specific guidance. Initially, the new guidance applies to individuals who contract respiratory illnesses including COVID-19, flu and RSV, and no longer focuses on COVID-19 alone. The guidance explains that this change was made to address the most common respiratory viruses that cause significant amounts of disease, especially in the fall and winter seasons.
Next, the new guidance eliminates the five-day isolation requirement, and instead recommends that individuals with these respiratory illnesses stay home and away from others until at least 24 hours after both their symptoms are getting better overall and they have not had a fever without the use of fever-reducing medication. According to FAQs provided by the CDC, “improving symptoms” means that a person is starting to feel better, and the body is returning to normal after an infection. The guidance also encourages added precautions over the next five days after time at home is over.
Finally, the guidance states that it is intended to apply in general community settings but not in health-care settings. The CDC offers separate and specific guidance for COVID-19 in health-care settings, which can be found at: https://www.cdc.gov/coronavirus/2019-ncov/hcp/infection-control-recommendations.html. The CDC also states that it has been working with education partners to develop infection prevention and control guidance for schools, and that this guidance should be released prior to the 2024-2025 school year.
Employers across New York state are likely wondering what impact, if any, the change in CDC guidance has on New York’s COVID-19 paid leave statute.
By way of review, New York’s COVID-19 paid leave law states that employers are required to provide employees paid leave if they are subject to a mandatory or precautionary order of isolation or quarantine issued by the New York State Department of Health (NYSDOH) (or any governmental entity similarly authorized). The length of leave depends on the employer’s size and income.
As reported on our blog (https://www.bsk.com/new-york-labor-and-employment-law-report/new-york-state-adopts-the-cdc-rsquo-s-covid-19-quarantine-and-isolation-guidance), as of Sept. 14, 2022, the NYSDOH issued updated COVID-19 quarantine and isolation guidance stating that it would follow the CDC guidelines on quarantine and isolation. On the issue of obtaining an order of isolation or quarantine, NYSDOH guidance currently states, “The New York State Department of Health is following the Centers for Disease Control and Prevention’s (CDC) isolation and precautions for people with COVID-19 guidance, which provides information to those who tested positive. Currently, only orders of isolation are required.”
With the CDC’s elimination of the five- day isolation requirement, New York employers are faced with the question of whether they must continue offering COVID-19 paid leave. Arguably, without a specific CDC isolation requirement, COVID-19 paid leave will no longer be required. However, the new CDC guidance still recommends that individuals who have respiratory illness, including COVID-19, stay home and away from others until at least 24 hours after both their symptoms are getting better overall and they have not had a fever. It is not clear if New York State will continue to interpret this as an isolation requirement that would entitle employees to COVID-19 paid leave. As such, whether New York employers must continue to provide COVID-19 paid leave is unclear.
It is also worth noting that Gov. Hochul’s 2025 executive budget proposal includes proposed legislation that would end the state’s COVID-19 paid sick leave law as of July 31, 2024.
Adam R. Mastroleo is a member (partner) at Bond, Schoeneck & King, PLLC in Syracuse. Contact him at amastroleo@bsk.com. This article is drawn and edited from a March 6 posting on the law firm’s website.
OPINION: New York Must Pass “Laken’s Law” & Restore Public Safety
Laken Riley was a bright and promising 22-year-old nursing student at the University of Georgia before she was brutally murdered while out for a jog in broad daylight. The man charged with her killing is an illegal immigrant who crossed the southern border in 2022, made his way to New York, was arrested in New
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Laken Riley was a bright and promising 22-year-old nursing student at the University of Georgia before she was brutally murdered while out for a jog in broad daylight. The man charged with her killing is an illegal immigrant who crossed the southern border in 2022, made his way to New York, was arrested in New York City in 2023, but was released with no information provided to federal immigration officials. This horrific incident could and should have been prevented by New York State actively managing its migrant crisis and growing problem with crime.
America’s migrant crisis has been an unmitigated disaster for three years, and its impacts are felt nearly everywhere. The tragedy of Laken Riley is a painful reminder that innocent lives are at stake and our communities face increasing chaos and danger. She would still be alive today had border security and immigration enforcement been a true priority. Gov. Hochul and New York Democrats have failed Laken Riley and her family. How many more heinous crimes must occur before they take action?
It was just [a few] weeks ago [, Feb. 12], that the Assembly and Senate minority conferences proposed a bill (S.8533 Lanza/A.9167 Gandolfo) to restore cooperation between New York courts and law-enforcement agencies with federal immigration authorities in cases involving the arrest or conviction of illegal migrants. [On Feb. 28], the sponsors of the legislation have renamed it “Laken’s Law” in honor of the young woman from Georgia. It is critical to reinstate protocols like these, which have been in place to prioritize the safety of our citizens first.
Back in 2017, former Gov. Andrew Cuomo signed Executive Order 170, designating New York as a sanctuary state and setting the stage for a public-safety disaster. Part of a larger soft-on-crime narrative from New York Democrats, this order effectively ranked the protection of migrants over the safety of our own citizens and prevented law enforcement from cooperating with U.S. Immigration and Customs Enforcement (ICE) agents. Rescinding this order should be the first step in addressing crimes associated with the migrant crisis. Sadly, individuals like Laken Riley and many others pay the price for these violent crimes, while state leadership remains silent. Simply put, Gov. Hochul’s failure to enact changes based on this legislation continues to endanger more lives throughout the state.
With nearly 200,000 illegal migrants coming to New York, this continuing crisis poses a threat to our communities, and the lack of action will only lead to further destruction. We cannot wait for someone else to lose their life before acting. New York has failed Laken Riley, and Joe Biden’s broken border policies have failed U.S. citizens. The time to act is now.
William (Will) A. Barclay, 55, Republican, is the New York Assembly minority leader and represents the 120th New York Assembly District, which encompasses all of Oswego County, as well as parts of Jefferson and Cayuga counties.
OPINION: Wave of Retirements Should Serve as a Warning for Congress
Recently, I had occasion to look back at some of the early speeches I gave after I first went to Congress in 1965 as a young freshman member from Indiana. Admittedly, six decades is a long time. But even so, what I found was jarring. Congress, I liked to tell audiences back then, worked in
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Recently, I had occasion to look back at some of the early speeches I gave after I first went to Congress in 1965 as a young freshman member from Indiana. Admittedly, six decades is a long time. But even so, what I found was jarring.
Congress, I liked to tell audiences back then, worked in a remarkably hospitable environment. No matter how spirited the policy debate, I told listeners, we were surrounded by what I called “a cocoon of warmth.” We looked out for one another, regardless of party.
Here’s an example. Fairly early in my tenure, I made a mistake on the House floor. I was managing a bill for the Democratic caucus and forgot about a small but crucial parliamentary move that would have locked victory in place. William Bray, a prominent Republican — also from Indiana — came over and put his arm on my shoulder. Gently, he pointed out my blunder and then, remarkably, showed me how to fix it — on a bill he opposed. That was how Congress worked then.
Well, you don’t need me to tell you that things have changed. And it’s not just that when we think of Congress, words like “partisan” and “vitriol” come most easily to mind. It’s that even within the majority Republican caucus in the House, stark divisions have brought things to a standstill. Congress seems unable to act.
And that is taking a toll. House members of both parties are heading for the exits, but the exodus seems especially notable among Republicans. No fewer than five Republican committee chairs — that is to say, legislators who have reached the apex of their power, unless they want to make a bid for the caucus leadership — have announced they’re stepping down. At the moment, more than 20 House Republicans are leaving at the end of their terms; that number will almost certainly grow.
And there is not much question about what’s driving it. As NBC News put it recently, “Mounting frustration with the paralysis and dysfunction in the House is driving out experienced, pragmatic dealmakers on Capitol Hill.” Politico’s Jordain Carney and Olivia Beavers put it even more bluntly. “The departures are starting to spark worries about a further erosion of GOP lawmakers’ appetite for the basic tasks of governing,” they wrote at the end of February.
To be sure, there are Democrats leaving, too, and the reasons for retiring vary, from running for a different office to concerns about health to a chance to make more money as a lobbyist. But many of the people leaving are relatively young — legislators who, by rights, should have promising days ahead. Instead, as Mark Green, a Republican from Tennessee, put it when he announced his retirement, they believe that Congress is “broken beyond most means of repair.”
There’s no question that, at the moment, the future seems grim. But I want to suggest that it doesn’t have to be that way. And to make my point, I want to go back 30 years, to a time in the mid-1990s, when there was a government shutdown much like the one we’re facing now. It was driven by stark ideological differences between Republicans and Democrats and fueled by bitter debate. The GOP leadership shut down most of the federal government for 27 days and Congress’s public standing sank somewhere into the earth’s mantle.
But then members turned things around. In just 10 days they passed a series of major bills, including welfare overhaul and an increase to the minimum wage. They had rediscovered pragmatism.
I don’t want to say that something like that will happen, only that it’s possible. And that’s my point. It’s not Congress that’s broken, it’s the people working within it who make it that way.
Three decades ago, what turned things around was that every time members of Congress went home, they got an earful from constituents who were tired of division and obstruction and wanted Congress to do its job for the country. Voters were fine with tough debate over the merits of the issues; what they didn’t want was gridlock. Today’s members — especially those inclined toward gridlock — should be getting the same message.
Lee Hamilton, 92, is a senior advisor for the Indiana University (IU) Center on Representative Government, distinguished scholar at the IU Hamilton Lugar School of Global and International Studies, and professor of practice at the IU O’Neill School of Public and Environmental Affairs. Hamilton, a Democrat, was a member of the U.S. House of Representatives for 34 years (1965-1999), representing a district in south-central Indiana.
Liberty Resources announced that LYNN-BETH SATTERLY, M.D., has joined its primary care practice, located in the agency’s Integrated Health Clinic at 1045 James St., a
Midwest company to acquire Cazenovia Equipment
CAZENOVIA, N.Y. — Sydenstricker Nobbe Partners (SNPartners) announced it will acquire Cazenovia Equipment, currently owned by the Frazee family, and all 10 locations of the
Price Chopper store on Route 31 in Clay to close in April
CLAY, N.Y. — The Price Chopper supermarket at 3863 State Route 31 in Clay will permanently close on April 19. All 103 store employees (24
Developers announce more than $1 billion plan to redevelop Great Northern Mall property
CLAY, N.Y. — The Hart Lyman Companies and Conifer Realty, LLC on Thursday revealed the next step in their plans to “radically redevelop, rename, and redefine” the Great Northern Mall property in the town of Clay. The project is described as a “more than a $1 billion investment,” per the announcement. Hart Lyman and Conifer
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CLAY, N.Y. — The Hart Lyman Companies and Conifer Realty, LLC on Thursday revealed the next step in their plans to “radically redevelop, rename, and redefine” the Great Northern Mall property in the town of Clay.
The project is described as a “more than a $1 billion investment,” per the announcement.
Hart Lyman and Conifer Realty have released renderings that include new housing, medical facilities, professional offices, a Clay Community Center, hotels and retail, dining and entertainment options.
The firms say they’ve submitted a site application to the Town of Clay following consultation with town and county leaders.
Hart Lyman Companies is headquartered at 500 Plum St. in Syracuse’s Franklin Square area while Conifer Realty is based in Rochester.
The planned development of the 215-acre property will include a walkable town center, entertainment district, health and wellness campus, and a residential community — all located just a few miles from the planned Micron Technology Inc. (NASDAQ: MU)campus in Clay.
The project plans at the former Great Northern Mall include more than 600,000 square feet of retail, community, grocery, restaurant, and entertainment space; over 790,000 square feet of medical and office space; more than 750 hotel rooms; and several mixed-use clusters, each featuring 300 to 500 new housing units with “options for all members of the community who wish to call Clay home.”
Hart Lyman and Conifer Realty contend “it will provide residents throughout the Syracuse MSA (metropolitan statistical area) with a recruitment tool for area businesses to address our area’s housing shortage and accommodate expected growth from the [Micron] project.”
Construction is set to begin in the fourth quarter of this year, depending on finalizing permitting and approvals.
“This project is transformative for the Town of Clay and our region,” Guy Hart, Jr., managing partner of the Hart Lyman Companies, said in the announcement. “Our goal is to reverse decades of sprawl and segregation between housing and lifestyle amenities that isolate people from each other, stifle a sense of community and building relationships between neighbors. It will enable our community to redevelop a blighted mall into a truly unique and dynamic environment. Over the many months since we acquired the property, we brought on a best-in-class team of professionals to design an ambitious project. This site doesn’t just provide housing, it provides better housing and a recruitment tool for healthcare institutions, businesses that locate here and anyone who points to the inspiration it evokes. By providing housing, a new Town of Clay Community Center, medical facilities, and hotels, we will establish a premier site for Central New York that will accommodate future growth and create a unique living environment.”
Sam Leone, president of Conifer Realty, called it a “significant milestone” in the effort to “transform” Great Northern Mall.
“With our partners at Hart Lyman, and in collaboration with local leaders and stakeholders, we are on an exciting journey to revitalize this space into a vibrant community hub that will help to breathe new life into our region,” Leone said. “This project is not merely about revitalizing a mall; it’s about providing much needed high-quality, housing supply and choices and laying the foundation for a thriving community that meets the evolving needs of our area and fosters growth and prosperity for years to come.”
Public meeting set for March 19 in Clay to discuss environmental impact of Micron project
CLAY, N.Y. — The Buffalo district of the U.S. Army Corps of Engineers (USACE) will host a public meeting to gather comments on Micron Technology’s (NASDAQ: MU) proposed plan to build a semiconductor-manufacturing campus at the White Pine Commerce Park in the town of Clay. The session is set for March 19 from 7-9 p.m.
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CLAY, N.Y. — The Buffalo district of the U.S. Army Corps of Engineers (USACE) will host a public meeting to gather comments on Micron Technology’s (NASDAQ: MU) proposed plan to build a semiconductor–manufacturing campus at the White Pine Commerce Park in the town of Clay.
The session is set for March 19 from 7-9 p.m. at the Clay Town Hall at 4401 Route 31. The doors open at 6:30 p.m., the presentation begins at 7, and the public–comment portion starts at 7:30, the USACE said.
USACE, as the lead federal agency under the National Environmental Policy Act, has determined the proposed project “may significantly affect the quality of the human environment” and will prepare an environmental–impact statement to assess “potential social, economic, and environmental impacts,” per its meeting announcement.
The USACE says agencies, organizations, and members of the public can present comments or suggestions regarding the range of actions, alternatives, and potential impacts to be considered in the environmental–impact statement.
NBT Bank Stadium unveils two new hospitality areas for the upcoming Syracuse Mets season
SYRACUSE, N.Y. — The Syracuse Mets on Wednesday said NBT Bank Stadium will have new hospitality options this upcoming season. The Piazza Rooftop Lounge is
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