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You are Here: Front Page arrow Archive Business & Technology
Archive Business & Technology


Jul 13 2007
Mortgage Payments or Investments? Print Recommend This Article to a Friend
by Reprinted with permission of Investment Representative Celine Richardson of Ithaca's EdwardJones   
Friday, 13 July 2007

Image Most people who have mortgages dream of a day when they won't. In fact, many mortgage-holders speed up their payments to make that day arrive sooner. Is that smart, from a financial standpoint? Not necessarily.

This point is highlighted by a 2006 study prepared by economists for the National Bureau of Economic Research. About 38 percent of U.S. households are making the wrong choice when they speed up their mortgage payments rather than use the extra money to save in tax-deferred accounts such as 401(k) plans or IRAs, according to the study. These households are giving up a yield of 11 to 17 cents for every dollar they spend on extra mortgage payments, depending on their choice of investments in a tax-deferred account.

 
Jul 06 2007
Put (Financial) Independence Day on Your Calendar Print Recommend This Article to a Friend
by Reprinted with permission of Investment Representative Celine Richardson of Ithaca's EdwardJones   
Friday, 06 July 2007

Image This week, we'll be observing the Fourth of July. But at some point in your life, you'll want to celebrate another type of Independence Day - Financial Independence Day. When will it occur? It's up to you. Here are a few suggestions for speeding it along:

  • Feed those retirement plans. The most important thing you can do to hasten your Financial Independence Day is to continually save and invest for retirement. Take full advantage of your 401(k) or other employer-sponsored retirement plan. Your earnings have the potential to grow on a tax-deferred basis and you can create an investment mix that reflects your risk tolerance, time horizon and retirement goals. Also, even if you have a 401(k), you may be eligible to invest in a traditional or Roth IRA. A traditional IRA has the potential to grow tax-deferred, while a Roth IRA has the potential to grow tax free, provided you've had your account at least five years and you don't start taking withdrawals until you are at least 59-1/2. And you can fund your IRA with a wide range of investments, such as stocks, bonds and certificates of deposit (CDs).
 
Jul 06 2007
Business Profile: Tech S2 Print Recommend This Article to a Friend
by Dan Veaner   
Friday, 06 July 2007
Tech S2In California it is Silicon Valley.  In Massachusetts it's Route 128.  And in Lansing 300 acres south of Brown Road house a vibrant center of high tech development.  Nestled in an area by the airport, more than 90 companies accounting for 1,600 local jobs call Cornell Business & Technology Park home.  One up and coming company is Tech S2, which specializes in information technology (IT) and customizing technical solutions for real world needs.  "We have competition out there, but I think our ability to produce software quickly (gives us an edge)," says CEO Mark Wheeler.  " We're saying what do you need?  We'll build it."

Wheeler and his wife Lisa started Tech S2 in their Lansing home four years ago.  He had 22 years of experience both as a software developer and a project manager.  She took care of the financial side of the business.  At the time Wheeler says he thought it would be an IT business.  "We felt Ithaca was big enough," he says.  "We joined the Chamber (of Commerce), and we tried to make friends with some of these other ones.  Even businesses that compete help each other."

 
Jul 06 2007
Free Wireless Access at Tompkins Airport Print Recommend This Article to a Friend
by Michelle Berry   
Friday, 06 July 2007
Tompkins County, NY, July 3, 2007-In December 2003, the Ithaca Tompkins Regional Airport was one of the first airports in the United States to provide terminal-wide wireless access to the Internet for its customers. Wireless equipped users will now be able to access the service anywhere within the terminal building free of charge through Ithaca-based business Clarity Connect.

Image 

 
Jun 29 2007
Business Profile: Wearable Art Print Recommend This Article to a Friend
by Dan Veaner   
Friday, 29 June 2007
Wearable ArtSome businesses come from detailed business plans.  Others evolve, and that's how Robin Schuttenberg's Wearable Art came to be.  She started painting dinosaurs onto T-shirts for her two sons 20 years ago, and then for their friends.  Soon she was selling her shirts at craft and juried shows.  Three years ago she began to draw large, detailed pen and ink images. "I started drawing dragons and the dinosaurs and all other sorts of creatures," she says.  "A friend of mine looked at them and said, 'Boy, you should send these out for tattoos or for museums to put on T-shirts.'  And so I did."

Today her designs are for sale in museum shops including the local Museum of the Earth and New York City's Museum of Natural History.  She starts with a pen and ink drawing about 20" x 14".  The designs are intricately fine lined, but must be distinct enough to be reduced to about 12" x 11" to be printed on T-shirts. Her shirts have a smaller second design on the back.  "On the dragons right now I'm in an eye mode, so different kinds of dragons' eyes on the back of the shirts," she says.  "Sometimes it extends more and you get more of the brow, and some of the nose, and sometimes it's just the eye, and sometimes it's in a box and sometimes it isn't."

 
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