Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
NBT Bancorp to close on Salisbury Bancorp acquisition on Aug. 11
NORWICH, N.Y. — NBT Bancorp Inc., (NASDAQ: NBTB) announced it will complete its acquisition of Connecticut–based Salisbury Bancorp, Inc. on Aug. 11, now that it
Smith Brothers Insurance acquires Massachusetts firm
Smith Brothers Insurance, which has New York offices in Vestal, Owego, Waverly, and Rensselaer, says it has acquired an independent insurance agency located in Worcester,
Ogdensburg realtor named National Association of Realtors Region 2 VP
Jennifer Stevenson, of Ogdensburg, was recently named the 2024 National Association of Realtors (NAR) Region 2 vice president at the recent NAR Conference and Expo in Washington, D.C. NAR regional VPs include 13 elected members who are appointed to oversee the work of the national association in their respective region. NAR’s Region 2 covers New
Syracuse one-bedroom apartment rent prices rise 2 percent in June, but remain flat year over year
SYRACUSE, N.Y. — The median rental price for most apartments in the Syracuse metro area was up more than 2 percent in June from the prior month but was unchanged from a year ago. That’s according to the latest Zumper National Rent Report, issued on June 27. The median rental price of one-bedroom apartments in
Onondaga County hotels post increase in occupancy, other business-performance data in May
SYRACUSE, N.Y. — Onondaga County hotels generated substantial growth in business activity in May in three different benchmarks, according to a recent report. The hotel-occupancy
Broome County hotel occupancy rises slightly in May, other business indicators up strongly
BINGHAMTON, N.Y. — Broome County hotels registered a small increase in guests in May compared to the year-earlier month, while two other business indicators rose much more substantially. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county edged up 0.5 percent to 62.8 percent in the fifth month of this
Recapping the Downtown Committee annual meeting
SYRACUSE, N.Y. — During the 2022-2023 fiscal year, the downtown area of Syracuse had a total of 20 projects worth more than $180 million in downtown investment that created seven new Class A office headquarters. In addition, the activity included more than 135 new housing units along with enhanced public infrastructure and tourism amenities. The
New York home sales slide more than 20 percent in May
ALBANY, N.Y. — New York realtors closed on the sale of 8,819 previously owned homes in May, down 20.4 percent from 11,075 existing homes sold in the state in the year-prior month. Pending sales also declined more than 4 percent, foreshadowing further but smaller declines in closed home sales in the next couple of months.
Avalon’s new CEO leads firm with fast-growing cyber division
SYRACUSE, N.Y. — After joining the business a few years ago as COO, Jon Bates is now leading Avalon as the firm’s CEO. The Syracuse–based company announced the promotion on May 22. JP Midgley, who previously was Avalon CEO, stepped down from the position in April and will now serve on Avalon’s board of directors
Zero trust, MDR add strength to cybersecurity efforts
ROME, N.Y. — This spring, the Cybersecurity and Infrastructure Security Agency (CISA) released recommendations regarding zero trust, an approach to cybersecurity that limits access to data, networks, and infrastructure to only what is minimally required. On top of that, the legitimacy of user access must be continuously verified. The approach is a tool businesses may
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.