Dear Putnam County Business Community,

Here’s your weekly update from the Putnam County Business Council! Packed with local trends, statewide developments, and opportunities to help your business thrive, this is your go-to resource for growth and success.

Together, we’re fostering a dynamic and prosperous community. Let’s keep driving forward!

Warm regards,

Nat Prentice

President, Putnam County Business Council
CASH | Free Financial Advice and Tax Preparation Assistance
The Putnam County Business Council is proud to highlight our Sponsor Member, Tompkins Community Bank, for their incredible commitment to financial empowerment! 🎉

Through their support of CASH (Creating Assets, Savings & Hope) and the VITA tax program, Tompkins is making a real difference by providing free, high-quality tax prep to low-income families. Their employees are also on-site in Western New York, assisting families with their banking needs—because when our community thrives, we all win!

We are grateful to have such a dedicated and impactful business as part of our PCBC family. 👏💙
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What do the biggest cities in Upstate New York pay their mayors?
Some big cities in the region pay their mayors more than $100,000 a year.
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New York lawmakers push for state Work Opportunity Tax Credit inclusion in budget
The proposed legislation aims to invest $90 million over three years to boost workforce participation. Addressing both employment shortages and poverty.
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NYC Mayor Adams presses Albany for more migrant funding, Gov. Hochul says no
Mayor Adams urged state lawmakers Tuesday to provide his administration with more migrant crisis funding this year – but his plea didn’t move the needle with Gov. Hochul, who has already declared she’s not looking to earmark more such resources for New York City.
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Adams Unveils Strategy to Revitalize NYC Office Space – Connect CRE
New York City Mayor Eric Adams on Monday unveiled “Race for Space,” described as a comprehensive strategy to revitalize and reimagine office space across the five boroughs and double down on a commitment to bringing New York City’s economy back by creating thousands of new jobs.
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IRS Issues Guidance on Federal Tax Treatment of State Paid Family and Medical Leave Contributions and Benefits
The Internal Revenue Service (IRS) has released new guidance on the federal income and employment tax treatment of contributions and benefits paid under state paid family and medical leave (PFML) statutes. This guidance also outlines the related reporting requirements for employers and employees.
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