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Business Beat

September 21, 2013

Tourism industry heads to gather Wednesday

(Continued)

Formerly the MeadWestvaco plant, the ACCO Brands Sidney site produces many paper-based office products, including calendars, planning products and notebooks.  

“The journey in Sidney has just begun, and I have high expectations,” Almasian said. “We know that we need to make significant improvements to retain and win business as a team, by driving out waste and reducing costs, while improving flexibility. By doing so, we can create a safe, profitable, stable and sustainable workplace for our employees for years to come.”

 

Local bank named ‘5-Star Superior Bank’

Delaware National Bank of Delhi recently received a rating of “5-Star Superior” from Bauerfinancial of Coral Gables, Fla. 

According to a media release, Bauerfinancial has been analyzing and rating the nation’s financial institutions since 1983 and the Delaware National Bank of Delhi has earned this highest 5-Star rating for the most recent 74 quarters. The rating, based on March 31, 2013, financial data, indicates that the Delaware National Bank of Delhi is one of the strongest banks in the nation.  

Established in 1839, the Delaware National Bank of Delhi has branch offices are conveniently located in Delhi, Hobart, Margaretville and Davenport and is a member of the FDIC and an Equal Housing Lender.

  

Sales tax figures suggest economic growth

Tax revenues through August have exceeded expectations, according to a report issued by the state Comptroller’s office on Friday. 

“We’ve seen robust collections in April followed by continuing strength in sales tax receipts, and nearly $550 million in unexpected miscellaneous revenues,” Comptroller Thomas DiNapoli said in the release.

Revenues for the first five months of the fiscal year are up $69.8 million over budget projections. The complete August cash report can be seen online at www.osc.state.ny.us/finance/finreports/cash/monthly/august13.pdf. 

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