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CenterState CEO recognizes regional businesses during Economic Champions event
SYRACUSE, N.Y. — CenterState CEO on Tuesday recognized the efforts of more than 300 regional businesses during its annual Economic Champions Celebration at the Nicholas J. Pirro Convention Cener at Oncenter. The event recognized 306 companies and organizations for “driving the region’s economy forward” through job creation; business expansions; investments in operations; new business openings; […]
Lowe to step down as Wolfspeed president and CEO
DURHAM, N.C. and MARCY, N.Y. — Gregg Lowe is out as president and CEO of Wolfspeed, Inc. (NYSE: WOLF), which operates a fabrication plant in
Port of Oswego awarded $11 million federal grant for climate-controlled warehouse
OSWEGO, N.Y. — The Port of Oswego will use more than $11 million in federal funding to build a new, climate-controlled warehouse for the region’s
New York manufacturing index soars to highest reading in three years in November
The Empire State Manufacturing Survey general business conditions index climbed 43 points to 31.2 in November, representing its highest reading in nearly three years. The index had dropped 23 points to -11.9 in October after rising 16 points to 11.5 in September (activity expanding for the first time since November 2023.) The general business conditions
ROME — Assured Information Security (AIS) now has 24 issued patents, with the issuing of two new patents in October by the U.S. Patent and Trademark Office, the company announced. “Expanding our patent portfolio is central to our mission of advancing cybersecurity solutions that can adapt to evolving threats,” AIS Chief Engineer Michael Seiffert said
Corning Inc.’s Canton plant to create up to 130 jobs
It comes after winning $32 million in CHIPS funding CANTON — More manufacturing jobs are on the way for the Canton plant of Corning Incorporated (NYSE: GLW). The company has reached an up to $32 million preliminary memorandum of terms (PMT) funding
Firm that recently expanded into Utica plans more growth
Just months after opening a satellite office in Utica, architecture and engineering-design firm CSArch has inked a new partnership deal that will fuel more growth at the Albany–based firm. CSArch finalized a partnership deal on Oct. 31 with Signal Hill Equity Partners, a Canadian middle-market private-equity firm that focuses on investing in regulated and essential-service
International Wire buys new equipment for Canastota plant using National Grid incentive
CANASTOTA — The Canastota plant of International Wire is using new equipment, thanks to an energy-efficiency incentive from National Grid (NYSE: NGG) that will help the firm save money in the long run on its energy costs. International Wire replaced a 25-year-old multiwire drawing machine at the plant with a new generation of equipment that
NUAIR CEO says HQ at Syracuse airport just makes sense
SYRACUSE — Ken Stewart, president and CEO of NUAIR, believes opening the organization’s new headquarters at Syracuse Hancock International Airport (SYR) “just makes sense.” “Our team works with the next generation of uncrewed and electric aircraft and is developing the platform to safely integrate them into the national airspace… what better place to work than
FULTON, N.Y. — Oswego Industries, Inc. says it will use a KeyBank Foundation grant of $10,000 to support its Virtual Reality (VR) Career Exploration program.
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