Upstate New York

Genie Solar Achieves Notice to Proceed on Community Solar Generation Project in Lansing, NY

Retrieved on: 
Monday, July 31, 2023
Electricity, Result, GNE, Risk, Financial condition report, Conversation, NYSEG, Judgement, NTP, Genie Energy, Analysis, NYSE, Renewable energy, Upstate New York

NEWARK, N.J., July 31, 2023 /PRNewswire/ -- Genie Energy Ltd., (NYSE: GNE, GNEPRA), a leading retail energy and renewable energy solutions provider, announced today that its Genie Solar subsidiary has achieved the notice to proceed (NTP) for a 6.25-megawatt (DC) company-owned community solar farm in Upstate New York. 

Key Points: 
  • "We're delighted to have advanced our Lansing, New York community solar project to NTP, and look forward to initiating site preparation and construction this fall," said Michael Stein, CEO of Genie Energy.
  • The Lansing community solar array is planned to include approximately 14,000 solar panels on nearly 20 acres.
  • Genie Solar intends to be the long-term owner operator of the project.
  • "Our progress in Lansing represents a significant milestone as we build out our solar generation initiative.," Stein added.

Financial Institutions, Inc. Announces Second Quarter 2023 Results

Retrieved on: 
Thursday, July 27, 2023
External commercial borrowing, Insurance, Maintenance, Risk-weighted asset, Five Star Bank, Bank statement, Upstate New York, TCE, Risk management, Income tax, Common equity, FDIC, Financial institution, Sale, Federal Reserve, Investment, Nature, As a service, Growth, Environment, Tier 1 capital, Common, Financial adviser, Video game, Beauty salon, Rare-earth element, Bank, Life insurance, Financial services, Security (finance), Cryptocurrency, Real estate

Net income was $14.4 million for the second quarter of 2023, compared to $12.1 million in the first quarter of 2023 and $15.6 million in the second quarter of 2022.

Key Points: 
  • Net income was $14.4 million for the second quarter of 2023, compared to $12.1 million in the first quarter of 2023 and $15.6 million in the second quarter of 2022.
  • Noninterest income was $11.5 million for the second quarter of 2023, an increase of $542 thousand from the first quarter of 2023 and an increase of $106 thousand from the second quarter of 2022.
  • Noninterest expense was $33.8 million in the second quarter of 2023 compared to $33.7 million in the first quarter of 2023 and $32.9 million in the second quarter of 2022.
  • The effective tax rate was 14.4% for the second quarter of 2023, 18.7% for the first quarter of 2023, and 19.8% for the second quarter of 2022.

Turning Stone Resort Casino Announces Details of $370 Million Evolution; Largest Expansion in Resort History

Retrieved on: 
Monday, July 24, 2023
Diamond, Lounge, The Four Diamonds, Partnership, Gensler, Nation, Upstate New York, Turning Stone Resort Casino, Social club, Lodge, Vexatious litigation, Oneida Indian Nation, Hotel, Holiday, Oxford Economic Papers, Economic development, Tesla Supercharger, Architecture, Tesla, Crescent, Mid-Atlantic (United States), VIP, Central New York, Tourism, Restaurant, Management

Oneida Indian Nation Homelands, NY, July 24, 2023 /PRNewswire-PRWeb/ -- The Oneida Indian Nation today announced details of its $370 million capital investment in the largest evolution of Turning Stone Resort Casino in two decades. More than an expansion, this reinvestment will be a complete evolution of the region's premier resort destination with a new conference center, outdoor event spaces, hotel, and more to fully reimagine Turning Stone for generations to come. The Nation has partnered with world-renowned architecture and design firm Gensler, and will break ground on this massive two-year project early next year. Along with its $370 million reinvestment, the Turning Stone evolution will generate a $616 million one-time economic impact, create 3,600 one-time jobs and generate $22.1 million in state and local tax revenues.

Key Points: 
  • The Oneida Indian Nation today announced details of its $370 million investment in the evolution of Turning Stone Resort Casino, the largest in the resort's history.
  • Oneida Indian Nation Homelands, NY, July 24, 2023 /PRNewswire-PRWeb/ -- The Oneida Indian Nation today announced details of its $370 million capital investment in the largest evolution of Turning Stone Resort Casino in two decades.
  • Along with its $370 million reinvestment, the Turning Stone evolution will generate a $616 million one-time economic impact, create 3,600 one-time jobs and generate $22.1 million in state and local tax revenues.
  • "The Turning Stone Evolution is much more than just an expansion," said Ray Halbritter, Oneida Indian Nation Representative and Oneida Nation Enterprises CEO.

Community Bank System, Inc. Announces Increase to Its Quarterly Dividend Resulting in Its 31st Consecutive Year of Dividend Increases

Retrieved on: 
Wednesday, July 19, 2023
Banking, Professional Services, Finance, Housing, Legislation, Community Bank, N.A., Indian Administrative Service, Cyprus Securities and Exchange Commission, Community Bank, CBU, Security (finance), NYSE, Federal Reserve Board of Governors, Holding company, Bank, Upstate New York

Community Bank System, Inc. (NYSE: CBU) (the “Company”) announced that it has declared a quarterly cash dividend of $0.45 per share on its common stock.

Key Points: 
  • Community Bank System, Inc. (NYSE: CBU) (the “Company”) announced that it has declared a quarterly cash dividend of $0.45 per share on its common stock.
  • The dividend will be payable on October 10, 2023 to shareholders of record as of September 15, 2023.
  • The $0.45 cash dividend represents a $0.01, or 2.27%, increase and an annualized yield of 3.71% based on the closing share price of $48.58 on July 18, 2023.
  • Community Bank System, Inc. is listed on the New York Stock Exchange and the Company’s stock trades under the symbol CBU.

Montecito Medical Acquires Surgery Center Property in Upstate New York

Retrieved on: 
Wednesday, July 19, 2023
Software, General Health, Professional Services, Technology, Commercial Building & Real Estate, Construction & Property, Artificial Intelligence, Health Technology, Surgery, Other Professional Services, REIT, Practice Management, Health, Mergers and acquisitions, Medicine, Senior, ALM (company), Multimedia, Montecito, Operating, Pain management, Physician, Dentistry, Property management, Real estate, Commercial property, Upstate New York

Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a surgery center property in Halfmoon, New York.

Key Points: 
  • Montecito Medical, a leading acquirer of medical office properties nationwide, has acquired a surgery center property in Halfmoon, New York.
  • View the full release here: https://www.businesswire.com/news/home/20230719061464/en/
    Northway Surgery and Pain Management Center - Halfmoon, NY (Photo: Business Wire)
    The 10,000 square-foot building is tenanted by Northway Surgery and Pain Management Center.
  • “We are thrilled to expand our growing presence in Upstate New York as we help providers make the most of their real estate,” said Chip Conk, CEO of Montecito Medical.
  • Montecito Medical is one of the nation’s largest privately held companies specializing in healthcare-related real estate acquisitions and partnering with physicians and developers to fund development of medical real estate.

SPLASH CAR WASH OPENS NEW EXPRESS WASH; CONTINUES CONSTRUCTION ON MULTIPLE OTHER SITES

Retrieved on: 
Tuesday, July 18, 2023
Upstate New York, Development, News, Leray, Splash

MILFORD, Conn., July 18, 2023 /PRNewswire/ -- Splash Car Wash, headquartered in Milford, Connecticut, today announced the opening of its 58th site, a new express wash also located in Milford.

Key Points: 
  • MILFORD, Conn., July 18, 2023 /PRNewswire/ -- Splash Car Wash, headquartered in Milford, Connecticut, today announced the opening of its 58th site, a new express wash also located in Milford.
  • The latest wash is equipped with a 130-foot conveyor tunnel, 18 free self-service vacuum stations and a free mat cleaning room.
  • The project was spearheaded by Glen Sheeley, Director of Development and Construction at Splash, along with Wayne Sheeley, his father.
  • "This is my favorite wash development to date given the number of unique features we added to the site.

Dr. Mara Weinstein-Velez Continues Partnership With Haute Beauty Network

Retrieved on: 
Thursday, July 13, 2023
Psychology, Communication, Cleveland Clinic, Partnership, University, Education, Inside, Upstate New York, Physician, ASDS, OH, Burn, Skin, Skin cancer, Residency, Journal of Cosmetic Dermatology, Acne, Medicine, WDS, Cosmetic, Princeton University, FAAD, Harvard University, Cleveland, Beauty, Trauma, Patient, University of Rochester Medical Center, Fellow, Cosmetics, The International League of Dermatological Societies, Society, Treatment, Medical device, Nursing, Dermatology

ROCHESTER, N.Y., July 13, 2023 /PRNewswire-PRWeb/ -- Mara C. Weinstein Velez, M.D., FAAD is a board-certified dermatologist, and Director of Cosmetics and Laser Surgery at the University of Rochester Medical Center, in Upstate New York. She completed a prestigious Laser, Cosmetic and Dermatologic Surgery fellowship at SkinCare Physicians in Boston, with clinical faculty from the Harvard and Yale Departments of Dermatology, and is one of the only Fellowship-trained Cosmetic and Laser Surgeons in Western NY.

Key Points: 
  • Skin Expert From Rochester NY, Dr. Mara Weinstein-Velez, continues her partnership with Haute Beauty Network, now in her third year.
  • She earned her bachelor's degree from Princeton University and completed her Dermatology residency training at the world-renowned Cleveland Clinic in Cleveland, OH.
  • Dr. Weinstein's passion for healing, communication, artistry, beauty, and psychology lead her to pursue a career in Dermatology.
  • Outside of work hours, Dr. Weinstein enjoys spending time with her husband and 3 children, exercising, and traveling.

Alliance Memory Signs Rep Agreement With Electra Sales to Support Customers in Upstate New York

Retrieved on: 
Thursday, July 13, 2023
SPI, Partnership, LPDDR2, SDR, NOR, MSDR, DDR, DRAM, Upstate New York, DDR3, ICS, Micron Technology, MultiMediaCard, SRAM Corporation, DDR2, DDR3L, SRAM, CMOS, EOL, Memory, Computer data storage, Video game, LPDDR4, DDR4, LPDDR

Under the agreement, the company is now offering Alliance Memory’s entire lineup of SRAM, DRAM, embedded multi-media card (eMMC), and flash memory ICs to its customers throughout Upstate New York.

Key Points: 
  • Under the agreement, the company is now offering Alliance Memory’s entire lineup of SRAM, DRAM, embedded multi-media card (eMMC), and flash memory ICs to its customers throughout Upstate New York.
  • Electra Sales has been providing consultative sales services for the Upstate New York market since 1972, with a territory that consists of all counties north of, and including, Orange and Putnam.
  • "In the dynamic and demanding marketplace of Upstate New York, Electra Sales has been a reliable source of customer-centric service for more than four decades," said Tom Gargan, director of sales for Canada, the Eastern U.S., and Brazil at Alliance Memory.
  • "At Electra Sales, we take pride in partnering with industry-leading manufacturers, and Alliance Memory undoubtedly fits that mold," said Mark Rogers, president and technical sales engineer at Electra Sales.

Menlo Microsystems Announces Deal to Manufacture the Ideal Switch® in Upstate New York, Commits to Multi-Year Investment of $150 Million to Fully Onshore Production

Retrieved on: 
Tuesday, July 11, 2023
Technology, Venture Capital, Other Energy, Consumer, Public Policy, Government, Energy, Professional Services, University, Other Technology, Collegiate, Education, Hardware, Semiconductor, State, Local, CHIPS, Telecommunications, Finger Lakes, Development, Investment, SUNY Polytechnic Institute, Switch, Science, General Electric, Electronics, Corning Inc., Research, SUNY, MEMS, Growth, Cornell University, D, Employment, State university system, Empire State Development Corporation, University at Albany, SUNY, Engineering, Nanotechnology, Glass, United, Upstate, Workforce, Partnership, Microsystems, Senate, Ideal, Student, Ecosystem, Micro, Renewable energy, Creative industries, Management, Upstate New York

Menlo Micro will invest $50 million in the Ideal Fab over the next three years, creating over 100 high tech jobs at the site within the next five years.

Key Points: 
  • Menlo Micro will invest $50 million in the Ideal Fab over the next three years, creating over 100 high tech jobs at the site within the next five years.
  • As the company continues to grow its manufacturing presence in the U.S., it is building on its deep roots in the state.
  • In addition to the work based at General Electric, New York-based Corning Glass was an initial investor and key R&D partner.
  • We look forward to seeing Menlo’s continued growth and the opportunities they generate for New Yorkers.” – NY CREATES President David Anderson

Community Bank System, Inc. Announces CEO Succession Plan

Retrieved on: 
Wednesday, July 5, 2023
Professional Services, Business, Other Professional Services, Finance, Banking, Personal Finance, Ohio State University, Insurance, Fintech, Housing, Legislation, Chairperson, Financial services, Culture, American Bankers Association, Community Bank, N.A., Indian Administrative Service, MBA, Securities and Exchange Commission of Pakistan, Federal Reserve Board of Governors, Dimitar, Retirement, Fisher College of Business, Community Bank, CBU, Growth, Security (finance), Bank, NYSE, Corporate development, Management, Upstate New York

Since August 2006, Mr. Tryniski has served as the President, CEO and Director of the Company and its wholly owned banking subsidiary, Community Bank, N.A.

Key Points: 
  • Since August 2006, Mr. Tryniski has served as the President, CEO and Director of the Company and its wholly owned banking subsidiary, Community Bank, N.A.
  • Mr. Tryniski has agreed, if nominated, to serve as a Director of the Company and the Bank until December 31, 2024.
  • In October 2022, he was appointed COO, adding responsibility for the Company’s banking business – Community Bank, N.A.
  • Community Bank System, Inc. is listed on the New York Stock Exchange and the Company’s stock trades under the symbol CBU.