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Friday, March 12, 2010
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USDA program will guarantee loans for rural businesses by Eric Reinhardt
The Rural Development Agency of the U.S. Department of Agriculture (USDA) has more than $50 million in economic-stimulus funding available to help small businesses. The funding is part of the agency's Business and Industry Loan Guarantee Program. The program is meant to create jobs and promote private investment in rural areas, according to the USDA.

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	Gillibrand pushes bill to increase lending by credit unions by Kevin Tampone
	U.S. Sen. Kirsten Gillibrand was in Syracuse today pushing legislation to raise lending limits on credit unions. The legislation, the Small Business Lending Enhancement Act, would raise the cap on credit union business lending from 12.25 percent of an institution's total assets to 25 percent. It would also increase the minimum loan amount subject to the cap from $50,000 to $250,000.

	Binghamton University launches philanthropy incubator by Traci DeLore
	The Binghamton University student-run Philanthropy Incubator Project is now accepting applications from local nonprofit organizations. Organizations that wish to apply for grants of up to $10,000 must be located in the Southern Tier or Central New York region and serve low-income youths below age 18 and/or adults above age 65. The organization must have been an internship or field placement site for Binghamton University social work or public administration students in the past year.

	BlueStorm acquires CyberCity by Traci DeLore
	BlueStorm Technologies acquired CYBERCity in a move that enables the company to bring more services to the Greater Binghamton area. "BlueStorm can now bring the same enterprise solutions to local companies that we have delivered for over 11 years to clients around the world in industries such as insurance, banking, hospitality, and defense," BlueStorm CEO and President Robert Matson said in a press release.

	NYSERDA awards funding for energy-storage projects by Eric Reinhardt
	The New York State Energy Research and Development Authority (NYSERDA) today awarded funding to Cornell University and Binghamton University for energy-storage projects. The funding is part of $8 million NYSERDA awarded for 19 projects around the state. The projects could have applications in transportation, smart grids, renewable energy, and other areas, according to NYSERDA.

	Construction employment shrinks nationwide by Kevin Tampone
	The construction industry employed fewer people in every state and Washington, D.C. in January than it did 12 months earlier, an industry trade group said today. The Associated General Contractors of America said federal data shows that 38 states and the nation's capital saw double-digit percentage drops in construction employment between January 2009 and January 2010.

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	Banking/Finance Gillibrand pushes bill to increase lending by credit unions
	U.S. Sen. Kirsten Gillibrand was in Syracuse today pushing legislation to raise lending limits on credit unions. The legislation, the Small Business Lending Enhancement Act, would raise the cap on credit union business lending from 12.25 percent of an institution's total assets to 25 percent. It would also increase the minimum loan amount subject to the cap from $50,000 to $250,000.

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OPINIONS

From The Publisher

	Understanding health-care cost-drivers is the key to reform
	Everyone assumes that health-care costs in America are rising too rapidly. “On a per-capita basis, health-care spending increased by a factor of six between 1965 and 2005, after adjusting for inflation,” say Jason D. Fodeman and Robert A. Book, co-authors of a Heritage Foundation study entitled “Bending the Curve: What Really Drives Health Care Spending” (February 17, 2010).

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ROMBEL ON BUSINESS BLOG

	Is the Jobs Picture Getting Any Clearer or Brighter?
	To say the job market has been slow to recover is a vast understatement. Even though the economy grew for the entire second half of last year — 2.2 percent in the third quarter and 5.9 percent in the fourth quarter — employers have continued to cut jobs and have been reluctant to hire.

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VIEWPOINTS/OP-EDS

	How to Fly Safely With An Angel Investor
	The landscape for financing early-stage companies continues to evolve, as does the rest of our economic system. As venture-capital (VC) funds have grown in size over the past decade from the significant influx of money from institutional investors, so has their appetite and need to deploy greater amounts of capital. This sounds like a good thing at first for those of us wanting to raise money for startups.

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On The Move

	PEOPLE ON THE MOVE - MV - 3/8/2010
	ACCOUNTING Dee Moerman has joined Daniel T. Dreimiller, CPA, P.C., as senior accountant. Moerman will be responsible for various accounting and income-tax services in all industries served by the firm. She is a certified QuickBooks adviser and has extensive experience with sales and payroll taxes. Prior to joining the firm, Moerman was a senior accountant in the small-business services department with ParenteBeard, LLC. She has 13 years public accounting experience.

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Market Research

Top Ranks Lists
The 2010 Book of Lists electronic edition may be downloaded in Excel format. These 62 lists include key business information (when available) such as number of employees, revenue, products/services offered, and top executives for each company.

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