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Saturday, March 20, 2010
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Real Estate

	State money is available to rehab vacant buildings and properties
	Gov. David Paterson today announced the availability of $2 million in funding to repair blighted residential properties and redevelop vacant land. Local governments, municipal housing authorities, and nonprofits can now apply for the funding through the New York State Division of Housing and Community Renewal (DHCR) and the New York State Housing Finance Agency (HFA).

	Keystone set to move to new downtown location
	Keystone Associates, LLC, is moving its headquarters to a new, larger location in downtown Binghamton. Currently headquartered at 229-231 State St., the architectural firm will open its new location at 58 Exchange St. on March 22.

	Federal court rejects land-claim challenge
	A U.S. District Court judge shot down legal challenges by Assemblyman David Townsend and several others to the placement of 13,000 acres of land into trust for the benefit of the Oneida Indian Nation.

	New York existing-home sales plunge in January
	Sales of previously owned single-family homes in New York State plummeted nearly 40 percent in January from December.

	ESD awards grants for renovations, new equipment
	The board of directors of the Empire State Development Corporation (ESD) on Friday awarded grants to three Central New York organizations.

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Business Of The Week

	Sphere plans to quadruple revenue in 2008
	CAZENOVIA -- Kurt F. Wendler and Gregory S. Widrick, managing partners of Sphere Development LLC, left their jobs at Syracuse-based mall developer The Pyramid Companies in May 2006 to start their own commercial real-estate firm.

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Viewpoints

	New Historic Credit Law Will Spur Development of Downtowns
	Gov. David A. Paterson signed into law a bill that will increase the availability of rehabilitation tax credits to developers of New York historic structures. The new bill increases the New York Historic Tax Credit to 20 perce

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Featured Channel

	Banking/Finance New Empower branch opens in Fayetteville
	Empower Federal Credit Union opened a new branch in Fayetteville on Monday. The branch is located at 7320 E. Genesee St.

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OPINIONS

From The Publisher

	Explaining “risk” to the White House
	Risk: “The possibility of suffering harm or loss.” (American Heritage Dictionary, 3rd edition) In his opinion piece in the March 5 issue, The Central New York Business Journal’s editor-in-chief, Adam Rombel, wrote about uncertainty in the business community. The result of this uncertainty is employers’ continuing reluctance to take risks.

ROMBEL ON BUSINESS blog

	Shufflin' Off To Buffalo
	Tomorrow morning and afternoon, Syracuse University basketball fans will descend like locusts upon the New York State Thruway. Their destination: exit 50, as they shuffle off to Buffalo to follow their beloved Orange.

VIEWPOINTS/OP-EDS

	The Velocity of Money and Your Business: Why It Matters
	On Feb. 19, the Federal Reserve Board raised the discount rate from one-half to three-quarters of 1 percent. This change of one-quarter of a percentage point in the little-used primary credit window resulted in an immediate leap of the U.S. dollar to nine-month highs. Overnight, the value of the dollar rose 0.82 percent and 0.31 percent against the Euro and the Yen, respectively.

On The Move

	PEOPLE ON THE MOVE - GB -3/15/20010
	ARCHITECTS Jeffery T. Smith, partner and architect at Chianis & Anderson Architects, PLLC, has been honored by the American Institute of Architects’ National Board of Directors as a Citizen Architect for his commitment to his community and to the architecture profession. Among his current positions, Smith serves on the Village of Owego Historic Preservation Commission and the City of Binghamton Commission on Architecture and Urban Design.

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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