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Business

New Flyer posts $49M net loss, company officials look to stronger 2023

The corporate owner of the New Flyer plant in Jamestown is eyeing bigger things in 2023 as supply chain issues provide a drag on the company’s 2022 finances. NFI Group officials spoke with investor analysts recently after releasing the company’s second quarter financial results. NFI Group recorded a second quarter adjusted net loss of $49 million compared to earnings of $9 million in the same quarter of 2021. The increase in adjusted net loss was driven by the reduction in deliveries as a result of the global supply chain and logistics challenges, lower aftermarket sales ...

Creating a sense of place

What does it take to create a destination? Will a single attraction, or even a group of attractions be enough? Not likely. It also takes a strong business community to create a visitor experience that not only makes people want to visit but want to return. Here in Chautauqua County, we are incredibly fortunate to have both: an outstanding variety and number of attractions and some extraordinary local restaurants and retailers. In the travel and development worlds some refer to this as “placemaking.” What it means in simple terms is that there are exciting and interesting things ...

Staff development can be both beneficial and fun

Teambuilding and tourism may go hand-in-hand for many businesses and organizations in Chautauqua County. For those that deal directly with the public, we strongly recommend that you spend a little time getting your team organized around more than just the tasks at hand. Sure, it’s important that restaurant wait staff understand the menu and pricing, but it’s also important for them to engage appropriately with the customer. The same is true in a retail setting. All of this becomes vital as we are in peak tourism season in Chautauqua County. Tourism is a crucial segment of our ...

Lake Shore sees increase in earnings

Lake Shore Bancorp Inc. on Wednesday reported second-quarter earnings of $1.7 million. On a per-share basis, the Dunkirk, New York-based company said it had profit of 29 cents. “During the first six months of 2022, we produced meaningful growth in our net interest margin, while also significantly enhancing our asset quality. These results have not only improved our net income when compared to 2021, they have also further strengthened our historically robust capital position.” stated Daniel P. Reininga, President and Chief Executive Officer. “Our strong financial and capital ...

Volunteers make a difference

As we get back into more and more events locally, all organizations are finding they have some critical needs. Chief among those needs is people power. Volunteers are needed across the board to assist with every aspect of planning and implementing local events. The Chautauqua County Chamber of Commerce operates as a countywide organization, with half a dozen local committees serving some of our communities. The core responsibility of those Community Chamber Committees is event planning and implementation. Chamber events primarily focus on a few strategic initiatives: helping to ...

Bypass all the hype and shop locally

Maybe you’ve already seen some ads ahead of national and online retailers ramping up their summer merchandising. While it might be compelling to save 50 cents on some cheap item you buy online, we would ask you to think long and hard about where, why, and how you choose to spend your hard-earned dollars when you’re making a purchase. Are you looking for something specific? Is an online purchase the only way you can get it? Do local small businesses carry similar products? Can you walk into a local store – even if it’s a national chain – and purchase the same thing? The ...