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Archive: Business & Technology

posticon Agriculture Brings $37.6 Billion Into NY Economy

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farm120Agriculture contributed $37.6 billion to New York's economy in 2012, an increase of more than 22 percent from 2007, according to a report released today by State Comptroller Thomas P. DiNapoli. The state ranks in the top 10 nationwide for milk and other dairy production, as well as wine, apples, maple syrup and other products.

"New York's economy is still fueled by agricultural activity and the production of food," DiNapoli said. "Farms in New York are 98 percent family-owned, yet compete on a national level, diversifying our economy and keeping our local communities strong. It makes economic sense for the state to retain and promote our farms to feed our residents and preserve our land."
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posticon Workers’ Center Certifies Three Living Wage New Employers

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The Tompkins County Workers' Center announced that 93 employers within the County are now Living Wage Employers.  The latest three employers are:

  • Schlather, Stumbar, Parks, and Salk (law firm); 200. E. Buffalo Street, Ithaca;
  • Town of Caroline, 2668 Slaterville Road, Brooktondale;
  • Viridius Property, 317 N. Aurora Street, Ithaca
 
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posticon Shaman Brings Harmony to Sports Facilities, Medical Offices and Private Homes

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sn120When the Colgate University Athletics Department decided it needed some help boosting the performance of its teams for the new year, it took the unusual step of hiring a certified shaman from Ithaca to bless six of its sports facilities.

Susan Norton, who trained with shamans in Peru, spent a blustery day carrying a burning piece of sacred wood, incense and essential oils under bleachers and across sports fields on the campus in Hamilton, N.Y. During the seven-hour ceremony, Norton says she uncovered some 'oppressive energy,' which she guided into a crystal and then released in a fire ceremony back in Ithaca.
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posticon NYS Department of Labor Increases Wages of All 'Tipped Workers'

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albanycapital120The New York State Department of Labor's (DOL) Acting Commissioner, Mario Musolino, today announced that the wages for all 'tipped workers' in New York State will be increased to $7.50/hour as of 12/31/15.

"This is a serious step toward achieving a truly equitable wage structure," saidTompkins County Workers' Center (TCWC) Coordinator Pete Meyers.  "The increase in the tipped worker minimum wage to $7.50 is long overdue and will help in efforts to end working poverty and rebuild a strong middle class in New York State."
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posticon Health Department Missed $119M In Drug Company Rebates

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albany2 120The state Department of Health (DOH) failed to collect nearly $120 million in available rebates over a 33-month period from prescription drug makers for the Medicaid program because of ineffective policies and processes, according to an audit released today by New York State Comptroller Thomas P. DiNapoli.

"The Department of Health can do more to maximize rebate collections from drug companies," DiNapoli said. "DOH must be diligent in its pursuit of rebates and do all it can to save money. Thankfully, department officials are working to fix the problems identified by my auditors to improve the rebate collection process. These actions should greatly benefit New York taxpayers."
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posticon Treleaven Wins Gold at Wine Competition

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wine barrel120Treleaven’s 2012 Meritage won ‘Gold’ and ‘Best of Class’ medals at the 2015 International Eastern Wine Competition (IEWC). The winery’s 2012 Meritage awards are just two of seven total IEWC awards, which also include:

2013 Late Harvest Vingnoles - Gold (soon to be released)
2012 Dry Riesling - Silver
2013 Wobbly Rock Riesling - Silver
Silver Lining Chardonnay - Silver
2013 Semi Dry Riesling - Silver

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posticon Profile Of Ny Economic Development Agency Released

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albany2 120New York State Comptroller Thomas P. DiNapoli today released a profile of the Empire State Development Corp. (ESDC) that found there is minimal financial information for many of its 168 subsidiaries and limited public reporting on results of the economic development initiatives around the state.

“New York state spends hundreds of millions of dollars each year to spur economic development and job creation through ESDC programs,” DiNapoli said. “New Yorkers deserve more thorough accounting about whether these programs are achieving desired results.”
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posticon Jones Joins ASI Energy

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ASI Energy, a New York based company providing turnkey solutions for Combined Heat and Power (CHP) and energy efficiency services for commercial and industrial buildings announced this month the hiring of Michelle Jones for Business Development and Project Management.

Jones brings with her over 25 years-experience in marketing & sales, operations, energy and project management with industry leaders including: IBM, New York State Electric and Gas (NYSEG), Schneider Specialized Transportation, Ithaca College, and JF Electric.
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posticon Tompkins Financial Corporation Reports Fourth Quarter Earnings

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tompkinsfinancial 120Tompkins Financial Corporation reported record diluted earnings per share of $3.48 for the year ended December 31, 2014, up from $3.46 per share reported in 2013.  The Company reported diluted earnings per share of $0.85 for the fourth quarter of 2014, down from the $0.96 reported for December 31, 2013.  Both quarterly and year-to-date results in 2013 included non-recurring income and expense items, which are more fully described in the non-GAAP disclosure tables included in this press release.

Adjusting for these non-recurring items, diluted earnings per share for the year ended December 31, 2014, reflected an increase of 3.6% over 2013; while diluted earnings per share for the quarter ended December 31, 2014, reflected a decrease of 6.6% from the same period in 2013.
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posticon Five New Employers Pay Living Wage

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commons aerial120The Tompkins County Workers' Center announced Wednesday they have certified 90 employers as being Living Wage Employers to date, having just recently added the latest five:

Sunny Days of Ithaca, 123 S. Cayuga Street, Ithaca;
Court Street Chiropractic of Ithaca, 122 W.Court Street, Ithaca;
St. Paul's United Methodist Church and St. Paul's Nursery School, 402 N. Aurora Street, Ithaca;
Trumansburg Community Nursery School,  P.O. Box 18, Trumansburg; and,
Weaver Wind Energy, 233 Cherry Street, Ithaca.
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posticon Tompkins Insurance Agencies Adds Account Executive

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jasondechick120Tompkins Insurance Agencies has hired Jason “Jay” DeChick as an account executive in its Commercial Lines division. He is based out of the Tompkins Trust Company/Tompkins Insurance offices at 86 North Street, Auburn, NY, where he will work with businesses across the Finger Lakes region.

DeChick has five years’ experience in the financial services industry. Prior to joining Tompkins, he worked for First Niagara in banking before moving to insurance services. In that role, he was responsible for new business development and maintaining a portfolio of middle-market commercial insurance accounts.
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posticon Agencies Close on Marriott and Kendal Projects

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marriottThe Tompkins County Industrial Development Agency (IDA) has closed on incentives for a new full service Marriott Hotel that will add 159 guest rooms, a restaurant and meeting space to the east end of The Commons.  The Tompkins County Development Corporation (TCDC) has issued Kendal at Ithaca $47,720,000 in tax exempt bonds, $7.900.000 will be used to refinance existing debt. The remaining balance will be used for new construction and renovation.

The Marriott undertaking is a $32 million community development project that will serve as an anchor on The Commons to help catalyze local business growth and expansion. Ultimately, the new Marriott Hotel will contribute to a thriving and vibrant downtown center for the community.
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posticon Comptroller Says Monster Beverage Needs To Diversify Board

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monsterenergyNew York State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund (Fund) has filed a shareholder proposal with Monster Beverage Corporation calling on the company to report on plans to increase gender and racial diversity on its board. The Fund's proposal is co-sponsored by the Connecticut Retirement Plans and Trust Funds, The City of Philadelphia Public Employees Retirement System and Calvert Investments.

The filers hold combined shares of Monster Beverage with an approximate value of $57 million.
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