Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Broome County hotels register decline in guests in October
BINGHAMTON — Broome County hotels saw a drop in occupancy in October, as two other key indicators of business performance were mixed in the month. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county slipped 3.5 percent to 62.9 percent in the 10th month of 2024, compared to October 2023, […]
State promotes registered apprenticeships as debt-free higher education
ALBANY — New York State is promoting registered apprenticeships as a form of higher education “that is often debt free.” It’s part of a new public-awareness campaign that involves Roberta Reardon, commissioner of the New York State Department of Labor (NYSDOL), and New York State Education (NYSED) Commissioner Betty Rosa promoting that idea. “I thank
Final phase of railway work between Cortland and Syracuse gets nearly $4M funding boost
CORTLAND — The federal government is providing a nearly $4 million grant for the final phase of the New York, Susquehanna & Western Railway’s (NYSW) rail-line modernization project between Cortland and Syracuse. The more than $3.9 million in funding comes from the federal Infrastructure & Jobs Law to complete a “major modernization project” for the
The Women’s Fund awards $5K grants to five businesses
Initiative helps firms in Herkimer and Oneida counties ROME — The Women’s Fund of Herkimer and Oneida Counties has awarded grants of $5,000 each to five women-owned businesses from Herkimer and Oneida counties to take the next big step in supporting the community. Hosted by the Women’s Fund, and sponsored by Baird Private Wealth Management,
Lockheed’s Salina plant wins nearly $9M Navy contract modification
SALINA — The Lockheed Martin Corp. (NYSE: LMT) facility in suburban Syracuse has recently been awarded an $8.66 million modification to a previously awarded contract from the U.S. Navy to exercise options for Navy equipment. Work will be performed in Lockheed Martin’s plant in the town of Salina (70 percent), and Oldsmar, Florida (30 percent),
Five Star Bank appoints chief information officer
Christopher Campise brings more than 25 years of tech leadership WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, recently announced that it has appointed Christopher Campise as senior VP, chief information officer of the bank. In this role, Campise will lead the development and implementation of the bank’s technology
VIEWPOINT: Revamping Your Cybersecurity Policies & Procedures
Tips and Tricks As each year passes and technology advances, businesses face an increasingly difficult task to maintain adequate security measures to protect their organizations’ assets and data. With this in mind, it is important to review your cybersecurity policies and procedures at least annually to ensure they are up to date and reflect advancements
Wolfspeed ousts CEO after lackluster earnings
Wolfspeed Inc. (NYSE: WOLF) is changing things up — starting at the top — after a disappointing first quarter for fiscal year 2025. Less than two weeks after its first earnings report for the year, which revealed a net loss of $282.2 million, the chipmaker announced on Nov. 18 that it would be parting ways
CABVI breaks ground on $24.5 million renovation project
UTICA — The Central Association for the Blind and Visually Impaired (CABVI) recently broke ground on a $24.5 million project to renovate its Utica headquarters at 507 Kent St. Work will enhance both CABVI’s call center, as well as its manufacturing operations. The project is the final one in a three-part, 10-year plan for expansion
Koffman Incubator leader gets additional responsibilities
Katoch to oversee Binghamton University’s entrepreneurship efforts VESTAL — She’s been leading the Koffman Southern Tier Incubator, and Binghamton University has now assigned her additional responsibilities. The school has named Bandhana Katoch as interim assistant VP for entrepreneurship and innovation partnerships (EIP). Katoch, who joined the university in 2023 as executive director of the Koffman
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.