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Business Beat

August 1, 2012

Business Beat: Bank's grant to benefit Columbia-Bassett student

The Central New York KeyBank Foundation Committee has awarded Friends of Bassett Healthcare Network a four-year grant of $120,000 to provide scholarship support for one student in the Columbia-Bassett Medical School beginning this fall, a media release said.

"Innovative ways of attracting highly skilled physicians to practice in rural areas are crucial," Stephen D. Fournier, president of KeyBank's Central New York District, said in the release. "The Columbia-Bassett program goes well beyond that by also preparing medical school students to lead the health systems of the future, and that's why KeyBank felt it was important to demonstrate the Foundation's support of the program in such a meaningful way."

Dr. Henry Weil, Columbia-Bassett assistant dean for education, said the KeyBank grant will be life-changing for recipient.

"Young physicians coming out of medical school face educational debts that can exceed $200,000, which forces them to make career decisions based upon maximizing their earning potential," Weil said in the release. "Our goal has been to make rural practice a more attractive and viable option by limiting future debt through substantial financial assistance."

The Columbia-Bassett Medical School Program is a collaborative endeavor of Bassett Medical Center in Cooperstown and the College of Physicians and Surgeons at Columbia University in New York City. The program annually recruits 10 students from among 750 applicants.

Health center sets open house

UHS Primary Care Downsville will have an open house from 4 to 6 p.m. today.

The center, an extension of UHS Delaware Valley Hospital, has moved up Main Street to 28315 State Highway 206 in Downsville, a media release said.

NYSEG helps with storm relief

New York State Electric and Gas Corp. seeks nonresidential customers to apply by Sept. 1 for emergency economic assistance in recovering from damages from Hurricane Irene or Tropical Storm Lee, a media release said.

Storm-recovery funds are available even if repair work has already been completed, the release said.

On Oct. 19 last year, the state Public Service Commission approved NYSEG's request to spend up to $7 million to assist eligible businesses, municipalities, large residential establishments, agribusinesses, farms and nonprofit agencies affected by Hurricane Irene or Tropical Storm Lee. Since implementing the program, NYSEG has disbursed about $1.6 million to 60 nonresidential customers, the release said.

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