2022 35th Edition: August 22 - August 26

Orange County Economic Development Summit



Orange County government continues to show its commitment to economic development and job creation by hosting a summit next month that focuses on our economic future!

County Executive Steve Neuhaus and Orange County Director of Economic Development, Steve Gross recently announced the 2022 Orange County Economic Summit, which will provide a forum where business leaders, developers, corporate executives, government, and civic officials can come together to learn about the state of our county’s economy, focusing specifically on the importance of strong infrastructure and why it is necessary to prepare us for the future.

Orange County's Gross asked the Orange County Partnership to serve as co-chair of the 2022 Summit Committee and together with the input of our economic development partners, Bill Fioravanti, Executive Director of the OC IDA, Amanda Dana, Director of Tourism, and Heather Bell, President of the OC Chamber we keyed in on relevant topics that directly impact our business community.  

The Summit will feature Gus Scacco of Hudson Valley Investment Advisors as the Opening Keynote Speaker. Attendees will then choose between two of the four panels they would like to attend. Expert panelists will tackle issues such as: 

• Understanding the Importance of Economic Incentives
• Water, Wastewater and Development
• Energy, Utilities and Digital Infrastructure
• Transportation and Commerce

So, mark your calendar for September 30, 2022, 8:00am-1:00pm at SUNY Orange, Middletown Campus. 

More details will follow. Don’t miss out! 

My very best,

Maureen Halahan

President & CEO

Orange County Bancorp, Inc. Rings Nasdaq Opening Bell to Celebrate One-Year Anniversary of Initial Listing

Orange County Bancorp, Inc. (the "Company") (NASDAQ:OBT), parent company of Orange Bank & Trust Co. (the "Bank") and Hudson Valley Investment Advisors, Inc. ("HVIA"), rang the Nasdaq opening bell Wednesday, August 17th in celebration of the first anniversary of its Nasdaq Capital Market listing. Companies listed on the Nasdaq Capital Market must meet strict financial, liquidity and corporate governance requirements, both initially and on an ongoing basis.

"It's an honor to celebrate our one-year anniversary on the Nasdaq-CM and recognize significant milestones the Company has achieved since, several of which were facilitated by our Nasdaq up listing," said Michael Gilfeather, Company President and CEO. "As of Friday market close, since our August 5, 2021 IPO, the Company's market capitalization has increased approximately 13% and now stands at approximately $213 Million. We are proud of this growth and the fact our stock has outperformed both the KRX Banking Index as well as the S&P 500 during this same period."



In celebration of its one-year listing anniversary, management and members of the Company's Board of Directors were invited to ring the opening bell at the Nasdaq MarketSite, where they were presented with a plaque and enjoyed a tour of the facility.

About Orange County Bancorp, Inc.

Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. Orange Bank & Trust Company is an independent bank that began with the vision of 14 founders over 130 years ago. It has grown through ongoing innovation and an unwavering commitment to its community and business clientele to more than $2.0 billion in total assets. Hudson Valley Investment Advisors, Inc. is a Registered Investment Advisor in Goshen, NY. It was founded in 1996 and was acquired by the Company in 2012.

Cautionary Note Regarding Forward-Looking Statements

This press release includes "forward-looking statements," including with respect to the initial public offering. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "might," "should," "could," "predict," "potential," "believe," "expect," "attribute," "continue," "will," "anticipate," "seek," "estimate," "intend," "plan," "projection," "goal," "target," "outlook," "aim," "would," "annualized" and "outlook," or similar terminology. These forward-looking statements are based on current beliefs and expectations of the Company's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company's control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to: risks related to the real estate and economic environment, particularly in the market areas in which the Company operates; fiscal and monetary policies of the U.S. Government; changes in government regulations affecting financial institutions, including regulatory compliance costs and capital requirements; fluctuations in the adequacy of the allowance for loan losses; decreases in deposit levels necessitating increased borrowing to fund loans and investments; the effects of the COVID-19 pandemic; operational risks including, but not limited to, cybersecurity, fraud and natural disasters; the risk that the Company may not be successful in the implementation of its business strategy; changes in prevailing interest rates; credit risk management; asset-liability management; and other risks detailed in the "Cautionary Note Regarding Forward-Looking Statements," "Risk Factors" and other sections of the Registration Statement filed with the SEC. Any forward-looking statements presented herein are made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as may be required by law.

Forbes names Medline to 2022 list of ‘Best Employers for Women’

Medline has been named to Forbes 2022 list of “America’s Best Employers for Women,” ranking 28^th out of 400 companies recognized for “leading the way when it comes to trying to support women inside and outside their workforces.

“The Covid-19 pandemic has disproportionately affected women around the nation,” according to Forbes. “Many women have left the workforce due to childcare demands, stress, low pay and a lack of opportunities. In many cases, Covid has amplified the burden felt by women.”

Forbes compiled the list based on independent survey results of 50,000 employed U.S. adults, including 30,000 women, at companies with at least 1,000 employees. The survey and evaluations were conducted by Statista, Inc. based on general work topics, including willingness to recommend; “topics relevant for women,” including parental leave, discrimination, representation of women, and career and pay equity; peer review of other employers; and diversity among top executives.

“We’re honored to be represented on this influential list,” said Karen Ferraro, Medline chief human resources officer. “We recognize and appreciate the tremendous contributions of our teams during the pandemic, and have worked hard to meet the evolving and complex needs of our employees. Medline is a fast-growing, customer-focused company, and we’re committed to creating an inclusive environment where everyone thrives.”

Medline is a healthcare manufacturer, distributor and solutions partner, and the choice of 70% percent of U.S. News & World Report Honor Roll Hospitals.

The company is routinely named to best employer lists. Most recently, Medline was included on the Forbes America’s Best Large Employers for 2022 and Forbes Best Employers for New Grads 2022 lists. Medline also was named to LinkedIn’s 2021 Top Chicago Companies list and the Chicago Tribune’s 2021 Top Workplaces.