Westchester County Business Journal 040813

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April 8, 2013 | VOL. 49, No. 14

RooFTop ReWaRdS $46M rescripts solar equation

ANCIENT HEALING • 7

BY SAM BARRON sbarron@westfairinc.com

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egional solar companies are applauding the state’s NY-SUN initiative, which parted the clouds recently with $46 million targeting projects greater than 50 kilowatts. Gov. Andrew Cuomo announced that the projects, awarded to 28 recipients to finance 76 projects in 33 counties, will add 52 megawatts to the state’s solar capacity. Installations will be located at businesses, factories, municipal buildings and other larger commercial and industrial companies, and are expected to be on line by the end of this year. The $46 million from New York state, awarded through a competitive program, leverages $100 million in private investment, resulting in $146 million in infrastructure projects, including in Westchester and the Hudson Valley. Funding comes from several state power authorities and is administered by the state Energy Research and Development Authority. The NY-SUN initiative

GOOD THINGS HAPPENING • 26

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At left, John Cole, Wells Fargo executive vice president and business banking division manager, and Ronald Coccaro, Wells Fargo senior vice president and business banking area manager.

Rooftop, page 6

Wells fargo burnishes its business side BY BiLL FALLON bfallon@westfairinc.com

once upon a time, the Wells Fargo wagon was “a-comin’ down the street” bringing salmon, curtains and even a bathtub. The wagon lives on of late only in revivals of “The Music Man” and in ad campaigns, replaced in order by the gas engine, the jet engine and the search engine. Yet with a stated presence in one in three American homes, holding one in four American mortgages, and as the No. 1 small business lender nationally, Wells Fargo Bank

N.A. nonetheless clings to a down-home, serviceoriented attitude and boasts more than half of the U.S. businesses it supports through loans are within two miles of a Wells Fargo retail store or ATM outlet. “How a business’ cash is impacted, its sales, its distribution – you really have to know your client’s business inside and out,” said Ronald Coccaro, Wells Fargo’s Shelton, Conn.-based New York and Connecticut region senior vice president and business banking area manager. “Helping with cash flow, for example, we’re good at that.” Wells Fargo, page 6

MAKING IT YOUNG • 35


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