The Daily Star, Oneonta, NY - otsego county news, delaware county news, oneonta news, oneonta sports

April 25, 2012

Business Beat: MSO, Hartwick, SUNY Oneonta team up to open store


Daily Star

Oneonta colleges are collaborating with Main Street Oneonta to entice entrepreneurs and shoppers downtown.

MSO, Hartwick College and the State University College at Oneonta will open a "pop up" store Saturday at 261 Main St.

The Temporium, as it has been named, will sell college apparel for one week. Hours of operation will be from 10 a.m. to 5 p.m. Saturday through Thursday, except Sunday when the store will be closed, and from 10 a.m. to 8 p.m. May 4.

"MSO is proud to be working with SUNY and Hartwick College on the creation and execution of the Temporium," MSO Project Manager Julia Goff said in the release.

MSO and the Otsego County Economic Development Office have been working with the students as they learned about starting a business from the planning stages through execution and opening. Goff said a bigger purpose of this project is to attract new businesses into available storefronts along Oneonta's Main Street.

"This is an exciting project and a great way to begin showcasing our Main Street to potential entrepreneurs," Goff said.

MSO aims to attract entrepreneurs who may try out the space, giving the business an opportunity to build success and not failure, the release said. The space will serve as an incubator, which will change types of businesses featured.

For more information, call Goff at 432-8871, ext. 208, or send email to goffj@otsegocounty.com.

Bank of Cooperstown ranks among the best

USNY Bank, which operates locally as Bank of Cooperstown, was ranked No. 20 nationally among the best-performing community banks with assets of less than $500 million in 2011, according to SNL Financial.

SNL Financial, based in Charlottesville, Va., provides analysis of the financial services industry. The firm ranked the 100 best-performing community banks using six core financial performance metrics that focus on profitability, asset quality and loan growth.

USNY Bank had $109 million in total assets as of Dec. 31, a media release from Mike Briggs, president and chief executive officer of USNY Bank, said last month, and 4,316 banks were eligible for these rankings.

USNY Bank is a New York state chartered bank that debuted in 2007.

The commercial bank is a Small Business Administration Preferred Lender and specializes in services for small- and mid-sized businesses, agricultural enterprises and consumers.

USNY Bank has two units, Bank of the Finger Lakes in Geneva and Bank of Cooperstown at 73 Chestnut St. Hours are from 8:30 a.m. to 5 p.m. Monday through Friday. For more information, call the Bank of Cooperstown at 547-2210 and or visit www.bankofcooperstown.com.

Norwich-based bank promotes financial lessons

NBT Bank, based in Norwich, is promoting programs to help children learn about personal finance.

NBT Bank, in conjunction with the American Bankers Association Education Foundation, is making educational tools available to local educators and classrooms to build confidence and financial stability.

Teach Children to Save Day, which was Tuesday, is part of a national campaign of volunteer bankers who since 1997 have helped young people develop savings habits, a media release from NBT said.

This month also is Financial Literacy Month, and NBT Bank is launching its Strive financial literacy program to help youths become financially responsible, independent adults. Through Strive, the bank offers content online for children, teens, young adults, parents and employers.

NBT Bank encourages educators to contact NBT offices for more information about Teach Children to Save offerings for school districts and colleges, or visit www.nbtbank.com/strive.

NBT Bank has 132 banking locations in four states.

To suggest a business story, announce a new business or changes to an existing one, email details to drichardson@thedailystar.com or call Denise Richardson at 432-1000 or (800) 721-1000, ext. 213.