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Thursday, September 02, 2010
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Construction

	National construction spending hits new low by Eric Reinhardt
	The Syracuse area added 100 construction jobs between July 2009 and July 2010, making it one of 61 metropolitan areas nationwide that added construction jobs during that period. The Utica-Rome area lost 400 construction jobs while the Binghamton area lost 100 construction jobs during the same 12-month stretch.

	NYSEG powers up transmission line project by Eric Reinhardt
	Following a year of construction and site work, New York State Electric & Gas Corp. (NYSEG) today announced its Ithaca Transmission Project is in service. "This project will reinforce our Ithaca-area electricity-delivery system," Keith Lorenzetti, director of regional operations at NYSEG, said in an earlier news release announcing the construction work.

	State funds to aid housing projects by Kevin Tampone
	The State Division of Housing and Community Renewal and nyhomes today announced $32 million in funding for communities in Central New York. The money will aid development of affordable housing, redevelopment of downtown areas, and upgrades to water and sewer systems.

	Chobani yogurt maker plans $100M expansion by Traci DeLore
	Agro-Farma, Inc. will break ground today on an expansion of its Chobani yogurt operation in Chenango County. Agro-Farma set up shop five years ago in a 70,000-square-foot former Kraft manufacturing plant in South Edmeston. At the time, company President and Founder Hamdi Ulukaya said he hoped to employ 15 to 20 people that first year and 75 people by the company's fourth year. At age five, Agro-Farma currently employs 200 people and will add 100 more along with its project to boost production, says Nicki Briggs, director of communications.

	Vernon Downs plans $7 million expansion by Traci DeLore
	Vernon Downs Casino and Hotel will kick off a $7 million renovation and expansion project Friday at the Vernon complex, which includes a harness-racing track, hotel, and casino. VIP Structures of Syracuse is overseeing the project in a design-build capacity and work should wrap up next spring. VIP announced the initiative in a news release today.

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Business Of The Week

	Hayner Hoyt builds on success
	SYRACUSE — Hayner Hoyt builds for Central New York’s businesses. The commercial and industrial builder has erected structures ranging from churches to hotels. Next year, Hayner Hoyt will celebrate its 40th year in business.

Viewpoints

	Question for Landlords: Are You Covered?
	Many commercial leases require the tenant to identify the landlord as an additional insured to its general-liability policy to protect both the tenant and landlord from negligence. A Certificate of Additional Insurance extends liability coverage to t

Featured Channel

Breaking News CNYBJ

SRC wins federal IT security contract

SRC, formerly Syracuse Research Corp., said today it won a federal contract worth up to $41.9 million for information-technology (IT) work.

The contract is from the Department of Homeland Security's Immigration and Customs Enforcement unit. SRC will establish and maintain a security operations center under the deal that will help protect IT infrastructure against cybersecurity threats.

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OPINIONS

From The Publisher

	Celebrating Washington Station
	Spending on office buildings, which has dropped 47.5 percent since the September 2008 record-spending high, is nearing a 13-year low, according to the Institute for Trend Research. Permits for new-office construction have dropped 26.7 percent just since last December. Office vacancy rates in the second quarter of 2010 increased to 17.4 percent, the 10th consecutive quarterly rise. Construction of office buildings is projected to close 2010 at nearly 32 percent below 2009.

ROMBEL ON BUSINESS blog

	Another Jobs Report, Another Disappointment
	Another month brought more disappointing news on the pace of hiring. Businesses added fewer jobs than expected in July, and previous estimates of private-sector hiring were revised downward, the U.S. Bureau of Labor Statistics reported today.

VIEWPOINTS/OP-EDS

	How to Turn the Economic Tide in Your Favor
	Even the most self-assured and stoic among us feel the intensity of the times. The economic recovery seems quite elastic at best. Today’s good news can disappear as quickly as it appeared.

On The Move

	People on the Move - GB - 8/30/2010
	BANKING & FINANCE Wilber National Bank has appointed Kenneth W. Giblin, Jr., to the position of senior mortgage account representative in its Provantage Home Loans division.

Market Research

Top Ranks Lists
The 2010 Book of Lists electronic edition may be downloaded in Excel format. These 62 lists include key business information (when available) such as number of employees, revenue, products/services offered, and top executives for each company.

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