Southern Tier Week in Review: July 13 - July 17
Chemung Canal Trust Company Announces More Lobby and Branch Office Reopenings – CNYBJ Eric Reinhardt
Chemung Canal Trust Company announced Monday, July 13, ten more branch office reopenings. Reopenings include offices in Binghamton, Watkins Glen, Ithaca, Elmira, Elmira Heights, Cortland, Corning, Auburn, and Troy, PA. Offices that have been reopened have returned to full service, including traditional lobby and drive-up banking services. Read more here.
In Big Flats, Schumer Announces Major Two-Prong Push to Get Fed Funds To Southern Tier Small Businesses And Schools
United States Senator Charles Schumer visited Big Flats on July 15, 2020 to discuss his support for the Prioritized Paycheck Protection Program Act, “P4,” which would extend the PPP loan period to the end of the year and allow eligible small businesses to take out a second PPP loan. Executive Director of the Agency and President & CEO of the Greater Binghamton Chamber of Commerce, Stacey Duncan, was quoted in support of the Senator’s efforts. Read the press release here.
“Since the onset of the pandemic, Senator Schumer has continuously fought for small businesses and we strongly support the Senator’s efforts to increase access to the PPP by extending through the P4 program. Many businesses did not anticipate that the economic impacts of the coronavirus would go on for as long as they have. The PPP has been critical in aiding businesses to survive the economic shutdown, but only through additional assistance will our small businesses, the backbone of our economy, thrive again. Senator Schumer has been a great partner to Broome County and we thank him for his continued support.” – Stacey Duncan
Broome County's Biggest Sewage Treatment Plant Almost Fixed, 6 Years And $275M Later – Binghamton Press & Sun Jeff Platsky
The Binghamton-Johnson City Wastewater Treatment Plant renovation project is nearly complete. Nine years ago, the cement wall close to the Susquehanna River banks collapsing combined with the subsequent major flood, presented the first of many challenges this project faced. Now, the last of the crews involved in the renovation are expected to be finished and off the premises by August. Read more here.
Corning Expands Production of Glass Vials for Possible COVID-19 Vaccines – CNYBJ Eric Reinhardt
Corning Inc. received more than $200 million in federal funding to expand the production of glass vials to be used for possible COVID-19 vaccines. Senator Gillibrand noted that “the investment will lead to the ‘immediate scale up’ of glass manufacturing assets in New York.” Read more here.
American Racing and Entertainment Closes Hotel, Warns of Job Losses – CNYBJ Eric Reinhardt
Due to the economic shutdown brought on by COVID-19, the owner of both Vernon Downs and Tioga Downs Casinos & Hotels has been faced with a tough choice. On July 13, the owner announced if the state does not give casinos the green light to reopen, they will have to let go 900 employees. The company calls it a “difficult but legally required step.” Read more here.