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News of Otsego County

local businesses

Other voices, other views by Wayne Mellor: Public banks and our local economy

Other voices, other views by Wayne Mellor
Public banks and our local economy

Adrian Kuzminski’s recent article on the benefits of local business ownership and how a simple regulation can effectively hold off big business consolidation gives us another opportunity to better understand the current state of rural economies like ours.

The consolidation and productivity increases in the dairy industry have nearly wiped out the small business farm economy in our region. That economy supported myriad small businesses such as mechanics, electricians, feeds stores, and so on that kept their profits and capital here. This capital was deposited in local banks like Wilber National and rein-vested here as this was their market.

In 2020, Otsego County lost our remaining, local, full-service bank — The Bank of Cooperstown —
when Wayne Bank, a mid-sized regional bank located in northeast Pennsylvania, purchased it. The name
has not changed yet due to the Bank of Cooperstown’s strong local brand.

Editorial: Businesses, as usual

Editorial
Businesses, as usual

Back in the mid-20th century, Cooperstown was a thriving local village, taking great care of its residents and neighbors with a Main Street riddled with all manner of shops and cafés, hardware stores and markets, a gas station, a car dealer, a bank or two and a movie theater, built in 1920, to fill up empty evenings and afternoons with glorious cinematic amusements. The Freeman’s Journal and The Otsego Farmer were on Main Street. too, welcoming all who had anything to say.

Today, with tourism now the major breadwinner for the village and high rents threatening, Main Street has changed. Many of the businesses that took care of our immediate needs in the past have rethought their uses and provisions, others have retreated to other, less central, outposts, and still others have closed their doors, their wares exchanged for Amazon boxes and envelopes outside front doors.

Destination Oneonta Unveils New Wesbsite Plans

Destination Oneonta Unveils New Website

Oneonta City Manager Martin Murphy, left and Mayor Russ Southard listen to Wayne Carrington, owner of the B-Side Ballroom explain the new website for Destination Oneonta (Formally Main Street Oneonta) at the annual meeting hosted by the Roots Brewing Company this evening.  The website, when launched, will serve as a hub for Oneonta businesses, restaurants and hotels. (Ian Austin/ allotsego.com)
Oneonta City Manager Martin Murphy, left, and Mayor Russ Southard, center, listen to Wayne Carrington, owner of the B-Side Ballroom, explain the new website for Destination Oneonta (formerly Main Street Oneonta) at its annual meeting at Roots Brewing Co. this evening. The website, when launched, will serve as a hub for Oneonta businesses, restaurants and hotels. At the time of writing, the plans are to create a modern website with easy navigation and stand out contact forms to drive new enquiries. The website will be designed with the assistance of a digital marketing specialist to ensure that it benefits from the latest online marketing techniques such as search engine optimization (SEO). Maintaining a strong online presence is crucial in the digital age, and so this online hub for local businesses will allow potential customers to find out more information about products and services at the click of a button. Are you in the process of setting up a website? If so, you might want to consider contacting a Digital Marketing Tamworth agency such as Ram Digital. Some things are best left to the experts, and designing a website and online marketing strategy that can boost your business is a prime example of this. (Ian Austin/ allotsego.com)
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