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New York News

New York home sales plunge nearly 25 percent in July

ALBANY, N.Y. — New York realtors sold 9,381 previously owned homes in July, down 24.9 percent from the 12,487 existing homes sold in July 2022. Pending sales also fell almost 11 percent, foreshadowing further declines in closed home sales in the next couple months. The data comes from the July monthly housing report that the

CNY regional job growth was mixed in the last year

3 regions added jobs, while 3 lost them Half the Central New York regions gained jobs in the past year while the other half shed positions, according to a recent state-government report. The Syracuse, Binghamton, and Ithaca areas gained jobs between July 2022 and this past July. At the same time, the Utica–Rome, Watertown–Fort Drum,

Five Star Bank parent company to pay Q3 dividend of 30 cents a share in early October

WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, recently announced that its board of directors has approved a quarterly cash dividend of 30 cents per common share outstanding. The banking company will pay the third-quarter dividend on Oct. 2, to shareholders of record on Sept. 14. At Financial Institutions’

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New York’s first utility-scale energy-storage system is operational in North Country

CHATEAUGAY, N.Y. — New York’s first state-owned, utility-scale battery-energy storage project is now operating in Chateaugay in Frankin County.  The 20-megawatt (MW) facility connects into the state’s electric grid. The New York Power Authority (NYPA) installed and operates the system. It seeks to help “relieve transmission congestion and pave the way for the utility industry

FLLT to convert former golf course to expand Cayuga Lake conservation area

LANSING, N.Y. — The Finger Lakes Land Trust (FLLT) announced it has acquired 110 acres of woodlands and meadows in the town of Lansing in Tompkins County. The recent acquisition overlooks the eastern shore of Cayuga Lake and includes the Cedar View Golf Course. The golf course was operated by the Larsen family for more

Micron applies for federal aid for Clay semiconductor campus

CLAY — Micron Technology Inc. (NASDAQ: MU) is formally seeking federal assistance for its effort to build a semiconductor campus in the town of Clay. The Boise, Idaho–based Micron has submitted its application for U.S. government aid through the CHIPS & Science Act, U.S. Senate Majority Leader Charles Schumer (D–N.Y.) said in an Aug. 21

CNY, Southern Tier manufacturing projects to use FuzeHub grants

ALBANY, N.Y. — Manufacturing projects based in both Central New York and the Southern Tier will use grant funding from FuzeHub and the Jeff Lawrence Innovation Fund.  The Albany–based nonprofit FuzeHub provides small- to mid-sized manufacturers with “guided access to an extensive network of industry experts, programs, and resources to solve business growth challenges,” per

Job fair, summit focus on the Binghamton area’s clean-energy sector

BINGHAMTON, N.Y. — The Greater Binghamton Clean Energy Careers Summit and Job Fair is about much more than helping people find jobs in the clean-energy sector — although organizers hope that happens, too. The event is really about bringing stakeholders together to learn about the Southern Tier’s clean-energy industries and to talk about both the

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