Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
N.Y. manufacturing index plunges back into negative territory
The benchmark index measuring manufacturing activity in New York state returned to negative territory in May. The Empire State Manufacturing Survey’s general business-conditions index plummeted 43 points in the fifth month of the year to -31.8 as business activity “declined significantly,” according to a May 15 report from the Federal Reserve Bank of New York. […]
Feldmeier moves forward with 3rd-generation leadership
DeWITT, N.Y. — The grandson of company founder Robert Feldmeier, Sr. and nephew of most recent president and CEO Robert Feldmeier is now leading the company. Feldmeier Equipment Inc. has announced the appointment of Colby Clark as its next president and CEO. Feldmeier Equipment is a DeWitt–based stainless-steel processing equipment manufacturer. Besides the CEO role,
Saab announces new board member
Saab, Inc., which operates two facilities in DeWitt, announced that Mary D. Petryszyn has recently been elected to its board of directors. Petryszyn recently retired as a corporate VP at Northrop Grumman Corp. She was the first president of its Defense Systems Sector, where she oversaw operational execution, financial performance, and strategy development across a
MVHS to name Wynn Hospital birthing center in honor of Sammon family, after donation
UTICA, N.Y. — The Mohawk Valley Health System (MVHS) says it will name the maternal child-services floor at the upcoming Wynn Hospital the Sammon Family
Hochul announces the 13th round of the regional economic-development council initiative
ALBANY, N.Y. — New York State has started the 13th round of the regional economic development council (REDC) initiative. This round includes core capital grant
Schumer announces that $500 million in grants is available in regional tech-hub contest
The first phase of the regional technology and innovation hub (tech hubs) program is underway, providing a chance for upstate New York communities to pursue
Micron community-engagement committee to advise on firm’s commmunity investments
SYRACUSE, N.Y. — The Micron community-engagement committee has the task of supporting the company’s community-investment strategy. The group includes representatives from both Central New York and Micron Technology, Inc. (NASDAQ: MU). Gov. Kathy Hochul and Micron officials spoke during an April 28 event at the Nicholas J. Pirro Convention Center at Oncenter. The committee will
OCIDA says only authorized individuals allowed at Micron pre-construction site
CLAY, N.Y. — With Micron’s site-prep work underway, the Onondaga County Industrial Development Agency (OCIDA) is reminding Central New Yorkers that the White Pine Commerce
ConMed hikes full-year revenue guidance after Q1 sales rise
ConMed Corporation (NYSE: CNMD) reported that sales increased nearly 22 percent in the first quarter of 2023 as surgical-procedure volumes grew, pushing the medical-device manufacturer to increase its revenue guidance for the full year. ConMed’s net income for the quarter was $1.8 million, down from $14.9 million for the same quarter a year ago, and
Environmental-survey work starts at Micron site
CLAY, N.Y. — Environmental-survey work has started at the White Pine Commerce Park in the town of Clay where Micron Technology Inc. (NASDAQ: MU) plans to build a semiconductor campus. “Right now, we’ll be doing environmental permitting throughout 2023 and into 2024. After we complete that process, we’ll begin the ground preparation and construction,” Scott
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.