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Regional News

What’s in a name? North Carolina firm that’s building chip fab on SUNY Poly campus now called Wolfspeed

The company that’s building its $1 billion Mohawk Valley Fab near Utica is now operating under a new name.  Durham, North Carolina–based Cree Inc. has changed its name to Wolfspeed, Inc. (NYSE: WOLF). The renamed firm specializes in silicon-carbide technology and production. The Mohawk Valley Fab — which is under construction at the Marcy Nanocenter on the […]

With upcoming retirement, Preferred Mutual appoints new leadership

The firm on Oct. 4 announced the promotion of R. Benedikt Sander to the role of president and CEO, effective Jan. 1. PMIC has also promoted Jeffrey Lopata to COO and executive VP, also effective at the beginning of the new year, per a company news release.  Preferred Mutual Insurance is based in New Berlin

New Kinney Drugs president says pharmacy chain must be different

GOUVERNEUR, N.Y. — New Kinney Drugs President John Marraffa says his vision for the company is to “create a customer experience unmatched by others.” “By building on our 118-year history, I hope to reinforce a standard of excellence that transcends traditional pharmacy,” Marraffa said in a release. “We must be different. By expanding our services,

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Crews complete $20M affordable-housing project in Herkimer

HERKIMER, N.Y. — Crews recently completed a $20 million renovation of the Eastern Gardens Apartments in the village of Herkimer in Herkimer County.  Now known as Stone Ridge Mills, the rehabilitated public-housing development offers 63 new energy-efficient and affordable homes for families, according to a news release from the office of Gov. Kathy Hochul. Built

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