Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Utica Comets hockey club gets ready for inaugural season
UTICA — A few of the Upstate opponents of the Utica Comets will get to know minor-league hockey’s newest team early in the upcoming season. The Utica Comets, the American Hockey League (AHL) minor-league affiliate of the National Hockey League’s Vancouver Canucks, will begin their inaugural season visiting the Rochester Americans on Oct. 11 […]
ConMed keeps dividend at 15 cents a share
UTICA — ConMed Corp.’s (NASDAQ: CNMD) board of directors has declared a quarterly cash dividend of 15 cents a share, payable on Oct. 4 to
Hop & Goblet formally opens in Utica on Wednesday
UTICA — A new grocery store specializing in craft beer and home brew supplies formally opens in Utica tomorrow. Hop & Goblet, located at
Coworking space coming to Binghamton
BINGHAMTON — A local businessman has plans to launch a coworking space in downtown Binghamton. CoWork Binghamton, a startup by Shawn O’Hara, provides an office-like setting for creative professionals and entrepreneurs who normally work from their homes or in coffee shops. The 1,800-square-foot space will open in mid-September in the newly renovated Lackawanna
DiNapoli, NYBDC announce loan for Nirvana Water
FORESTPORT — New York State Comptroller Thomas DiNapoli and the New York Business Development Corp. (NYBDC) on Wednesday announced a loan of $3.2 million to Nirvana
Ithaca firm wins Navy contract to improve software security
ITHACA — The U.S. Navy has awarded Ithaca–based GrammaTech, Inc. a contract to develop a tool that will enable computer systems to understand and react
Feldmeier Equipment to build new plant in Little Falls, create 80 new jobs
LITTLE FALLS —Feldmeier Equipment, Inc. of DeWitt, which specializes in the fabrication of stainless-steel storage and processing equipment, today began construction on a “significant” expansion of the company’s operations in Little Falls. Gov. Andrew Cuomo today announced the project in a news release. The expansion will result in the creation of 80 new
Upstate Shredding acquires Ithaca scrap yard
ITHACA — Upstate Shredding, LLC, the largest, privately owned scrap dealer on the East Coast, and its sister business Ben Weitsman & Son, Inc. announced the acquisition of the assets of Reamer Recycling, Inc. in Ithaca. The all-cash transaction will close in about a month, Upstate Shredding said in a news release. It didn’t
EFC okays loans for wastewater-improvement project in Union Springs
The New York State Environmental Facilities Corp. (EFC) has approved a low-cost financing package to improve the wastewater treatment and collection systems in the Cayuga County village of Union Springs. The EFC board of directors approved an interest-free loan worth more than $560,000, along with an additional three-year loan of a similar amount at
VESTAL — “From 2008 until 2011, [our] sales averaged in the $50 million [a year] range,” says Kenneth (Ken) Elliott, the CEO of Matco Electric Corporation, Inc. “In 2012, we experienced a 50 percent jump.” The company, formerly located in a 17,000-square-foot building on N. Jensen Road, moved its headquarters in April to a
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.