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New York SBDC honoring regional small businesses, presentations continue
ALBANY — Businesses in Lowville and Utica have been recognized as winners of awards from the New York Small Business Development Center (NY SBDC). Businesses in Binghamton and Oneonta were also scheduled to be honored on Aug. 14 and Aug. 15 respectively. They’re among 10 award recipients that NY SBDC started recognizing as part of […]
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ALBANY — Businesses in Lowville and Utica have been recognized as winners of awards from the New York Small Business Development Center (NY SBDC).
Businesses in Binghamton and Oneonta were also scheduled to be honored on Aug. 14 and Aug. 15 respectively.
They’re among 10 award recipients that NY SBDC started recognizing as part of its client awards roadshow that began July 29, per its July 8 announcement.
The NY SBDC’s 2024 Client Awards Roadshow is described as a “[statewide] celebration and acknowledgment of outstanding small businesses throughout New York.”
Each recipient is a client of a regional SBDC, including Onondaga, Mohawk Valley, Binghamton, and Canton.
The 10 award recipients also include those that operate in Jamestown, New York City (two), Staten Island, and Stony Brook on Long Island.
This year’s 10 award winners were selected in several categories and selected from more than 23,000 small-business clients across New York State, NY SBDC said.
“We are excited to continue this tradition of honoring the remarkable achievements of our small business clients,” Sonya Smith, state director of the New York SBDC, said in the announcement. “The Annual Client Awards Roadshow allows us to spotlight the diverse and innovative entrepreneurs contributing significantly to New York’s economic landscape. It’s a testament to the resilience and creativity of our small business community, as well as the dedicated support provided by our SBDC advisors.”
Below is a listing of the award recipient and category under the date of the award presentation.
July 29
NY SBDC recognized Hand in Hand, an early childhood center, in Lowville as the Rural Business of the Year. Jennifer Bleakley is the executive director and, it is an Onondaga SBDC client.
July 30
Shepherd Group LLC d/b/a BGM Supply is a company specializing is heating, ventilation, and air conditioning (HVAC) and plumbing supplies. NY SBDC selected it for the Procurement Business of the Year. Mary Shepherd is the owner, and it is a Mohawk Valley SBDC client.
Aug. 14
Stop, Pop & Roll Boba is described as a “Pop up vendor rolling through the FLX area bringing custom popping fruit Boba Tea deliciousness!” per its Facebook page. NY SBDC was scheduled to recognize operator Greyson Wells as the Young Entrepreneur of the Year. Wells is a client of the Binghamton SBDC.
Aug. 15
NY SBDC was scheduled to recognize Yaks Youth Center, LLC in Oneonta as the Community Impact Business of the Year. Heather Boxill-Yakalis is the owner and a client of the Binghamton SBDC.
Sept. 5
AM Equipment NY of Hogansburg is the Growth Business of the Year. Andris White is the owner and a client of the Canton SBDC in St. Lawrence County.
NY SBDC financial impact to counties surpassed $300M in 2023
ALBANY — New York Small Business Development Center (New York SBDC) generated a financial impact surpassing $300 million for counties across the state during its 40th anniversary year in 2023. New York SBDC provided direct support to more than 23,000 small-business clients, SUNY Chancellor John King, Jr. said in releasing the SBDC’s 2023 annual report
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ALBANY — New York Small Business Development Center (New York SBDC) generated a financial impact surpassing $300 million for counties across the state during its 40th anniversary year in 2023.
New York SBDC provided direct support to more than 23,000 small-business clients, SUNY Chancellor John King, Jr. said in releasing the SBDC’s 2023 annual report on Aug. 7
The center helps entrepreneurs through one-on-one individualized advisement grants, specialized education, and business research that “fuels economic growth.”
The Onondaga SBDC, located at Onondaga Community College in the town of Onondaga, serves counties in both Central and Northern New York.
SUNY administers the New York SBDC, which is primarily funded by the U.S. Small Business Administration (SBA). The program is “committed to fostering a diverse and inclusive business landscape across the state,” SUNY said.
The 2023 annual report indicates more than half of SBDC clients (53 percent) were women-owned small businesses; 41 percent were minority-owned; 15 percent were from rural counties; and clients were provided with more than 84,000 hours of free counseling.
“Economic development and upward mobility are fundamental to who we are at SUNY, and our Small Business Development Centers put these principles into action,” King said in the announcement. “…our SBDCs impact thousands of New Yorkers every year. Together, we will set new standards of how dynamic networks of learning and entrepreneurship can powerfully support and enhance one another, while championing a future where every entrepreneur has the tools to realize their dreams.”
“In 2023, we continued to reset, modernize, and build on the many successes of our almost 40-year-old state network,” Sonya Smith, state director of the New York Small Business Development Centers said in the SUNY announcement. “We are evolving and bringing big systemic change, building consistency across the state, and setting a solid foundation for growth and what we hope is long-lasting, impactful change.”
Throughout their 40 years of service, Small Business Development Centers have assisted more than 580,000 small-business clients, created and saved more than a quarter-million jobs, and injected over $8.5 billion into New York state’s economy, SUNY said.
The New York SBDC works closely with other state economic development agencies, faculty, and students at host institutions, as well as representatives from private industry and business to focus resources on assisting small businesses and entrepreneurs.
The SBDC emphasizes counseling and training services to women, veterans, people with special needs, and minority clients, per its description in the SUNY news release.
Its work also includes connecting potential employers with job placement offices on SUNY campuses. This effort links SUNY students and alumni to jobs in the community.
The New York SBDC’s full-time professional business advisors undergo professional certification to keep their business and technical knowledge up to date.
Their efforts are augmented by the New York SBDC Research Network — described as “one of the most advanced” business-information resources in the country.
Located in Albany, the Research Network provides New York SBDC business advisors with the latest economic, demographic, regulatory, and other data that can have an impact on small-business success.
Homer spa and salon focuses on wellness
HOMER — For Heather Malchak, opening Kallos Body Bar allowed her to combine her experience and knowledge as both a cosmetologist and a nurse together in one place that provides aesthetics (both cosmetic and medical), wellness and full-service hair salon services to Homer and surrounding communities. Active as a cosmetologist since 1999, Malchak says she
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HOMER — For Heather Malchak, opening Kallos Body Bar allowed her to combine her experience and knowledge as both a cosmetologist and a nurse together in one place that provides aesthetics (both cosmetic and medical), wellness and full-service hair salon services to Homer and surrounding communities.
Active as a cosmetologist since 1999, Malchak says she learned first-hand after becoming a single mother how important self-care is for overall wellness.
The more she learned about wellness, the more interested she became. Recently, Malchak graduated from the College of Nursing at SUNY Upstate Medical University in Syracuse, with her master’s degree as a nurse practitioner.
Kallos Body Bar is Malchak’s first venture running her own business. The spa and salon opened March 18 and recently celebrated its grand opening and ribbon cutting on June 11.
“We focus really on wellness for the mind and body,” she says. Even the name reflects that. Kallos is an ancient Greek word that means beauty but is associated with a combination of physical appearance and overall wellness.
Kallos offers an array of treatments from massages, facials, Botox, fillers, haircuts, and color, but it’s more than just that, Malchak says. Medical aesthetic services include lymphedema drainage, post-surgical lymphatic massage, and treatment options for chronic migraines, hyperhidrosis, neurological spasticity, and other muscle-related medical conditions.
“I do the medical aspect of it,” she says. “I have the advanced training.”
Clients typically had to travel for these types of services to Syracuse, Ithaca, or Binghamton, she notes, so having them available close to home has been well received.
On the salon side, Kallos has four hair stylists, including Malchak. “We’re all small-town girls,” she says, who have built good relationships with their clients over the years.
Located at 70 N. West St., the stylists are located on the second floor, where Malchak also hopes to add mental-health services through her daughter Jordan Young, a psychiatric nurse practitioner.
“I already have a waiting list for Jordan,” she says, indicating how in-demand mental-health services are in the community.
Malchak is in the process of remodeling the first floor of her building with hopes of adding other wellness practitioners. Her hope is to add between four and five offices on the first floor and is already in talks with potential tenants for those spaces.
The goal is to add more services like pelvic-floor therapy, chiropractic, and even an additional mental-health practitioner, she says.
Creating a Strong Brand Identity: A Necessity for Small Businesses
In today’s competitive marketplace, creating a strong brand identity is crucial for small businesses looking to stand out from the crowd and is essential for growth and success. One of the most effective ways to achieve this is through the creation of collateral materials, including letterhead, presentation templates, and business cards. Brand identity is the
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In today’s competitive marketplace, creating a strong brand identity is crucial for small businesses looking to stand out from the crowd and is essential for growth and success. One of the most effective ways to achieve this is through the creation of collateral materials, including letterhead, presentation templates, and business cards.
Brand identity is the face of a company. It encompasses everything from the logo, color scheme, and typography to the overall tone and messaging. It not only helps customers differentiate one business from another, but also communicates the values and personality of the firm. For small businesses, a compelling brand identity is crucial in standing out in a crowded marketplace.
Collateral materials play a vital role in solidifying a brand identity. They are tangible representations of a company and serve as a visual reminder to customers and potential clients. By incorporating the logo, color palette, and consistent design elements across these materials, small businesses can build brand recognition and credibility.
One of the most commonly used collateral materials is letterhead. This is often the first piece of official correspondence that a business sends to clients or partners. By having a well-designed letterhead that reflects the brand’s visual identity, small businesses can create a professional and cohesive image. This not only leaves a positive impression on recipients, but also reinforces brand recall.
Presentation templates also play a significant role in brand identity. Whether it is a pitch to investors or a sales presentation, it is crucial to have a consistent look and feel across all materials. By incorporating brand elements into presentation templates, such as the choice of fonts, colors, and imagery, small businesses can convey a cohesive and professional brand image. This consistency enhances the overall perception of the company and makes for easy viewing of a presentation on screen.
Business cards, often exchanged during networking events or meetings, act as miniature billboards for a brand. When designed with care, they can leave a lasting impact on potential clients. By utilizing the same visual elements used in other collateral materials, small businesses can create a strong association between the business card and the brand. This ensures that whenever the card is seen, the brand identity is instantly recognized.
Having well-designed collateral materials demonstrates professionalism and attention to detail. It shows that the business is invested in its image and strives for excellence in all aspects of its operations. This can greatly enhance the trust and confidence that potential customers place in the company.
It is important to remember that creating a strong brand identity is an ongoing process. As a small business evolves and adapts to changes, so should its collateral materials. Regular updates to reflect any changes in branding, messaging, or visual elements are essential to maintaining a consistent and compelling brand identity.
Creating these collateral materials may seem like a daunting task for small businesses with limited resources and expertise. There are numerous online tools and platforms available that offer pre-designed templates or customizable options. Small businesses can utilize these resources to create professional and visually appealing collateral materials without breaking the bank. However, outsourcing this work may provide you with the best return on your investment when sharing professional materials to build your brand.
The importance of creating a strong brand identity for small businesses cannot be understated. Collateral materials such as letterhead, presentation templates, and business cards are powerful tools in building brand recognition and credibility. By incorporating consistent visual elements, these materials establish a professional and cohesive brand image — ultimately leading to increased visibility, trust, and success in the marketplace.
Alexa Aiello is the brand & marketing consultant at Empower Business Strategies. Contact her at alexa@gowithempower.com.
OPINION: Lagging Infrastructure and Inflation are a Massive Threat To New York
New York state is facing a perfect storm of circumstances severely inhibiting its efforts to modernize its lagging infrastructure. Due to a combination of high inflation and an already long list of resiliency projects needed to restore New York to its place as an economic leader — according to the comptroller’s office, an astonishing 10
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New York state is facing a perfect storm of circumstances severely inhibiting its efforts to modernize its lagging infrastructure. Due to a combination of high inflation and an already long list of resiliency projects needed to restore New York to its place as an economic leader — according to the comptroller’s office, an astonishing 10 percent of all local bridges in the state are rated “poor” as of last year, and the Reason Foundation’s 27th Annual Highway Report ranks our system at 49th in the nation— strengthening our infrastructure is going to be an uphill battle unless we take some drastic measures to right the ship.
The Assembly Minority Conference has been advocating for investment in infrastructure for years. In 2019, we published our Task Force on Critical Infrastructure and Transportation report that focused on fortifying our roads, bridges, and water systems. We continue to push for a greater investment to address shortcomings in these areas. Poor infrastructure is costly to New York drivers who are forced to make expensive repairs to their vehicles due to poor road conditions. In contrast, Gov. Kathy Hochul inexplicably proposed cutting
$60 million from the Consolidated Local Street and Highway Improvement Program (CHIPS) during the most recent budget negotiations.
For our part, we called for an increase in CHIPS base aid and for future funding to be tied to the rate of inflation to account for increasing material costs. We also suggested establishing a companion program to CHIPS to offer financial assistance to local governments for drinking, storm and sewer water infrastructure.
One major part of New York’s problem is its sprawling budget that eats up enormous amounts of resources without delivering tangible improvements to our quality of life. For example, New York State has already spent several billion dollars supporting undocumented migrants, and another $2.4 billion is earmarked to do so in the most recently passed spending plan. Unfortunately, there are no long-term plans to sustainably accommodate these migrants, and additional spending will likely be needed to mitigate the crisis. This puts an enormous strain on our finances at a time when we are facing severe infrastructure deficiencies along with myriad other cost-of-living challenges.
The good news is that it is not too late to correct our course and make the necessary adjustments to navigate these economic conditions. For one, we must not fall into the trap of cutting spending in the wrong places. We need to properly balance and distribute our resources. Improving New York’s roads and bridges will be expensive, but it is necessary. Hardening our infrastructure is a precursor to future economic success; without a sturdy and resilient transportation network, our economy simply won’t work. While it might seem obvious, we need to make massive adjustments, New York leadership seems confusingly unwilling to commit to what is necessary.
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: Trump shooting was shocking but not surprising
The recent [July 13] attempt to assassinate Donald Trump was shocking. The former president and Republican presidential candidate was struck in the ear [and inches from certain death] when a gunman [Thomas Matthew Crooks] fired shots at a rally in Butler, Pennsylvania. One person in the audience [Corey Comperatore] was killed and two people [David
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The recent [July 13] attempt to assassinate Donald Trump was shocking. The former president and Republican presidential candidate was struck in the ear [and inches from certain death] when a gunman [Thomas Matthew Crooks] fired shots at a rally in Butler, Pennsylvania. One person in the audience [Corey Comperatore] was killed and two people [David “Jake” Dutch and James Copenhaver] were seriously wounded.
But we can’t really say the shooting was surprising. We ought not to fool ourselves: We live in a violent time when people quite often try to achieve their objectives through force. Politics reflects the wider society, and we’ve seen a disturbing rise in shootings in schools, workplaces, and other locations. We need to recognize that these acts will keep happening.
I don’t believe Americans are more violent than other people, but there are elements of our history and culture that align with violence. We celebrate the mythology of America’s settlement and western expansion, when force was used to drive Native Americans from their land. Today, our country is awash in guns, making it easy for disputes to escalate. Gun dealers have exploited political distrust to drive sales, including sales of deadly AR-style rifles like the one used against Trump [and the other victims]. By many estimates, there are more guns than people in the U.S.
Shootings are so common they can leave us feeling numb. As Jay Caspian Kang writes in the New Yorker about the Trump shooting, “A loner with an AR-15 commits an act of violence, and we typically have nothing to say except that this seems to happen all the time in America.”
Of course, political violence is not new. Four of our presidents — Abraham Lincoln, James Garfield, William McKinley, and John F. Kennedy — were assassinated. Kennedy’s death stunned me personally. His 1960 campaign and election were among the factors that inspired me to get involved in politics.
Political violence seemed to peak in 1968, when Martin Luther King, Jr. and Robert F. Kennedy were assassinated within a two-month period. Like the current time, it was an era of passionate divisions in American society.
Franklin Roosevelt, Harry Truman, Gerald Ford and Ronald Reagan survived assassination attempts while in office. Reagan was shot and, fortunately, recovered quickly, but his press secretary, James Brady, suffered life-altering injuries. Two members of Congress, Gabrielle Giffords and Steve Scalise, were seriously injured by would-be assassins in the past few years.
Meanwhile, distrust of government has grown dramatically. Sixty years ago, when I was first elected to Congress, I was impressed by the civility I encountered from Republican and Democratic colleagues and from most constituents. I recall only one truly threatening incident. I was riding in a convertible in a parade in a small town in Indiana when a man came running toward me. I don’t believe he had a gun, but I remember seeing a knife. A sheriff’s deputy was riding in the car behind me; he stepped in and saved me, I’m sure, from an attack.
Today, public officials (and even volunteer election workers) often receive hateful messages on social media, sometimes escalating to death threats. This undermines our democracy and puts a real burden on law enforcement to determine which threats to take seriously.
President Joe Biden, speaking after the Trump rally shooting, said we all should “lower the temperature” of political rhetoric. That’s essential, but it only goes so far.
We have to accept that we’re living in dangerous times. We need to be sure our security forces are well equipped and properly trained. Lapses, like the failure to stop the gunman who fired at Trump, need to be investigated and remedied. When crowds gather, at rallies, parades, and elsewhere, authorities will have to be on the lookout.
One thing we know about violence is that it generates more violence, and that’s especially true of political violence. We need to do all we can to prevent it.
Lee Hamilton, 93, 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.
Ask Rusty: Will My Wife Get a Spousal Benefit from Me?
Dear Rusty: I will be turning 70 this coming November. I will begin taking my Social Security (SS) benefit at that time. My age 70 SS benefit will be about $4,500 per month. My spouse (who is currently 74) began receiving her SS benefits about 10 years ago — before her full retirement age (FRA).
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Dear Rusty: I will be turning 70 this coming November. I will begin taking my Social Security (SS) benefit at that time. My age 70 SS benefit will be about $4,500 per month. My spouse (who is currently 74) began receiving her SS benefits about 10 years ago — before her full retirement age (FRA). She receives about $1,900 per month.
My question is, based on my expected SS monthly benefit of about $4,500, would my spouse be eligible for an increase in her monthly SS benefit? I’ve read some articles about this topic, but none of them seem to be on point — so I thought I’d reach out to you.
Signed: Seeking Answers
Dear Seeking Answers: Congratulations on choosing a claiming strategy that will maximize your Social Security. Waiting until age 70 to claim guarantees you will get the most you can personally receive for the rest of your life, along with annual cost of living adjustments (COLA). But the spouse benefits available to your wife when you claim are not based on your age 70 amount. Rather, spouse benefits are calculated using full retirement age (FRA) amounts. Here’s what that means:
If your age 70 benefit will be about $4,500 then your FRA amount was likely around $3,450. If your wife claimed at, say, 64, then her FRA entitlement would probably have been about $2,200. Your wife will only get a spousal boost if 50 percent of your FRA amount (not your age 70 amount) is more than her own FRA entitlement. From what you’ve shared, 50 percent of your FRA amount would be about $1,750, which is less than your wife’s FRA entitlement (and her current age 64 amount), which means that she would not be eligible for a spousal boost to her own amount from you.
Spouse benefits can be tricky, because they’re based on FRA entitlements, regardless of the age at which benefits are actually claimed. That is not so, however, for surviving spouse benefits. If you were to predecease your wife, her benefit would be your entire $4,500 amount, instead of her own smaller current amount. Surviving spouse benefits are based on the amount each of you are currently receiving, not on your amounts at your full retirement age.
I hope this answers your question, but we’re always here if you need any further assistance.
Russell Gloor is a national Social Security advisor at the AMAC Foundation, the nonprofit arm of the Association of Mature American Citizens (AMAC). The 2.4-million-member AMAC says it is a senior advocacy organization. Send your questions to: ssadvisor@amacfoundation.org.
Author’s note: This article is intended for information purposes only and does not represent legal or financial guidance. It presents the opinions and interpretations of the AMAC Foundation’s staff, trained, and accredited by the National Social Security Association (NSSA). The NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity.
State awarding up to $18 million for next two phases of Oakdale Commons project in Johnson City
JOHNSON CITY, N.Y. — New York State is providing up to $18 million for the next two phases of the project to renovate the former Oakdale Mall into a mixed-use development in Johnson City. Now known as Oakdale Commons, the project’s second and third phases will include the construction of an 85,000-square-foot, regional medical campus,
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JOHNSON CITY, N.Y. — New York State is providing up to $18 million for the next two phases of the project to renovate the former Oakdale Mall into a mixed-use development in Johnson City.
Now known as Oakdale Commons, the project’s second and third phases will include the construction of an 85,000-square-foot, regional medical campus, the office of Gov. Kathy Hochul announced.
The phases also include the construction of a new 22,000-square-foot child-care center, administered by Broome County and operated by a contracted provider. The center will serve up to 208 children — including infant, toddler, preschool, Pre-K and school-age slots — and the creation of up to 45 new jobs, Hochul’s office said.
The project will also involve the construction of 125 residential units, located on the adjacent parcel, that will cater to the projected job growth in the Greater Binghamton Area.
Empire State Development is providing up to $18 million through the Upstate Revitalization Initiative. The total project cost is $200 million. Now underway, construction is expected to be completed in early 2026.
The first phase involved the redevelopment of the former Sears store into the Lourdes Pavilion, which included a health, wellness and fitness center, physical therapy, primary care, a drive-through pharmacy, and lab services. Other projects involved an aquatic swim center featuring three pools and group studios, among other things.
Also included was the addition of the two-story Beer Tree restaurant and brewery, and Broome County is utilizing on-site office space, with more than 200 employees working at the location. All told, the redeveloped building now has over new 500 employees and “attracts thousands of daily visitors.”
Still home to several successful retail outlets, the former Oakdale Mall, which opened in 1975, has close to 964,000 square feet of usable space.
Johnson City, which was also a round six winner in the Downtown Revitalization Initiative and was among the first communities to be certified under the governor’s Pro-Housing Communities program, Hochul’s office noted.
Kris-Tech Wire donates $500,000 to YMCA of the Greater Tri-Valley
ROME, N.Y. — Kris-Tech Wire celebrated its 40th anniversary in a big way by presenting a big check to the YMCA of the Greater Tri-Valley
Asteri Ithaca affordable-housing development and conference center formally opens
ITHACA, N.Y. — A new $96 million affordable-housing development and conference center in downtown Ithaca is complete, Gov. Kathy Hochul announced. Lt. Gov. Antonio Delgado attended a ribbon-cutting ceremony for the building on Aug. 12. Asteri Ithaca, developed by the Vecino Group, is a 12-story, all-electric structure at 166-118 East Green St., with 181 apartments,
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ITHACA, N.Y. — A new $96 million affordable-housing development and conference center in downtown Ithaca is complete, Gov. Kathy Hochul announced. Lt. Gov. Antonio Delgado attended a ribbon-cutting ceremony for the building on Aug. 12.
Asteri Ithaca, developed by the Vecino Group, is a 12-story, all-electric structure at 166-118 East Green St., with 181 apartments, including 40 units with on-site support services for people struggling with homelessness. The 55,000-square-foot Ithaca Downtown Conference Center includes bookable function space including an executive board room, grand ballroom, breakout rooms, pre-function space, and a full production kitchen.
“Asteri Ithaca is a transformative development that combines quality affordable, sustainable, and supportive apartments for those who need them the most, with a state-of-the-art conference center that will energize and elevate the entire city,” Hochul said in the announcement. “This mixed-use development was carefully planned as a live, work, play destination that promotes economic growth and addresses a critical need for housing. It is a shining example of our commitment to investing in projects that strengthen communities and change lives.”
The residential portion of Asteri Ithaca comprises the top nine floors of the building includes 78 studio apartments, 87 one-bedroom units, eight two-bedroom units, and eight three-bedroom units with rents considered affordable to households earning up to 80 percent of the area’s median income.
Residents receive free internet service with each unit hardwired for 5G access. Other amenities include a top-floor sky terrace, outdoor space, a fitness center, and a community room. Each floor has a laundry room and there is bike storage on the ground floor. The Green Street Parking Garage includes 350 parking spaces for building tenants to lease.
Apartments have low-flow plumbing fixtures along with Energy Star-rated windows and appliances. The building meets the Environmental Protection Agency’s Energy Star Multi-Family High-Rise Programs standards, as well as the New York State Energy Research and Development Authority’s (NYSERDA) New Construction Housing Program standards.
State and federal funding for the residential portion of the project includes $11 million in permanent tax-exempt bonds, federal Low-Income Housing Tax Credits that will generate $36.3 million in equity, and $19.8 million in subsidy from New York State Homes and Community Renewal. NYSERDA’s New Construction Housing Program provided more than $650,000 in funding.
Tompkins Community Action, Inc., received an Empire State Supportive Housing Initiative grant for the supportive apartments. The state’s Office of Temporary and Disability Assistance will administer it. Support services are designed to promote self-sufficiency in areas including life skills, financial literacy, job preparation, skill building, and family reunification.
The conference center is expected to host more than 50,000 attendees and spur $50 million in new visitor spending, along with millions in state and local taxes, over the next 20 years. It anticipates drawing in 6,500 new visitors, resulting in more than 3,300 room nights. The center is hosting the finals event for the Grow-NY food, beverage, and agribusiness competition this fall.
Empire State Development provided a capital grant of up to $5 million for the $34 million conference center. U.S. Senators Charles Schumer and Kirsten Gillibrand say they helped deliver $2 million in federal funding under an omnibus funding package for fiscal year 2022.
The City of Ithaca, Tompkins County Tourism Program, the Tompkins County Industrial Development Agency, the Downtown Ithaca Alliance, and four hotels — Ithaca Marriott on the Commons, the Canopy Hotel, Hilton Garden Inn, and Hotel Ithaca — via the Tompkins Chamber Foundation provided financial support for the conference center and renovation of the remaining portion of the parking garage.
“We are proud to celebrate the completion of Asteri Ithaca and the Ithaca Downtown Conference Center,” Ithaca Mayor Robert Cantelmo said. “This unique partnership brings affordable housing to the heart of our community, highlighting our city’s deep commitment to equity and inclusion. This project is anchored by North America’s first all-electric conference center, a testament to this community’s investment in a green, sustainable, and welcoming future.”
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