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Broome County hotel occupancy drops nearly 3 percent in November
BINGHAMTON, N.Y. — Broome County hotels saw a decline in guests in November compared to the year-prior month, while two other business indicators were mixed. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county fell 2.9 percent to 53.9 percent in the 11th month of 2023 versus November 2022. Year […]
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BINGHAMTON, N.Y. — Broome County hotels saw a decline in guests in November compared to the year-prior month, while two other business indicators were mixed.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county fell 2.9 percent to 53.9 percent in the 11th month of 2023 versus November 2022. Year to date through November, occupancy was down 1.2 percent to 60 percent.
Revenue per available room (RevPar), an industry gauge that measures how much money hotels are bringing in per available room, dipped 1.5 percent to $56.70 in November compared to the year-ago month. Through the first 11 months of 2023, RevPar in Broome County had gained 3.3 percent to $68.59.
Average daily rate (ADR), which represents the average rental rate for a sold room, edged up 1.4 percent to $105.12 in the county in November, versus the same month in 2022. Through Nov. 30, 2023, ADR was up 4.6 percent to $114.37.
Southern Tier IDAs work together to market region as a clean-tech corridor
Economic-development agencies in the Southern Tier are teaming up to market the region as a clean energy and technology hotspot in hopes of attracting new business and creating jobs. “We’re really excited about this,” says Stacey Duncan, executive director of The Agency in Broome County. Talks between the agencies began last spring, with a focus
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Economic-development agencies in the Southern Tier are teaming up to market the region as a clean energy and technology hotspot in hopes of attracting new business and creating jobs.
“We’re really excited about this,” says Stacey Duncan, executive director of The Agency in Broome County. Talks between the agencies began last spring, with a focus on turning the region into a clean-energy hub to grow economic-development opportunities. “It’s been a whirlwind.”
When the federal Build Back Better initiative was unveiled a year ago, the result was a lot of investment coming into the state, Duncan says, and talks centered around how to take advantage of that and keep the momentum going.
Locally, that means boots on the ground making sure the Southern Tier has the infrastructure and facilities available to welcome the opportunity, Duncan says.
To make sure, Broome, Chenango, Chemung, Delaware, Schuyler, Steuben, Tioga, and Tompkins counties are collectively funding a survey by Newmark Group, Inc.’s global corporate services division that will put together a reginal profile from a clean-technology standpoint.
“It’s going to be a very highly collaborative effort,” Duncan says of the survey.
With innovations across the region like Binghamton University’s designation as a New Energy New York battery innovation hub and the renewable-energy generation in Steuben County, it really just makes sense to pursue promoting the region as the place to be for clean technology, Steuben County Industrial Development Agency Executive Director James Johnson says.
“If you look at the region as a whole … the Southern Tier generates the most renewable energy in the state,” he says.
Clean-energy initiatives already in place provide a great foundation to market the region, Johnson notes, and the survey will help the region best prepare to both reach out to new companies and field inquiries coming in.
“We see leads all the time,” Johnson says. Once the survey is done, it will help the IDAs in the eight-county region by having a full catalog of sites across all the counties available. That way, they can work collectively to steer inquiring companies to the best site. The IDAs can also use the site profiles created by the survey to actively market sites, targeting companies that are ideal for that site. The ultimate goal is a regional marketing plan.
Duncan expects the survey will take about six months to complete. While the Agency is acting as the point of contact with Newmark, all the regional IDAs as well as other stakeholders have a place on the steering committee. Right now, the IDAs are working to get the necessary financial commitment from their respective counties.
The hope is to sign all the necessary contracts by mid-January and get the process going.
New SUNY Poly labs will train advanced manufacturing and semiconductor workforce
MARCY, N.Y. — With a $44 million state investment, SUNY Polytechnic Institute is designing a new robotics and advanced manufacturing research and education lab and a semiconductor-processing lab to train the future workforce for companies like Wolfspeed, Indium, Danfoss, and Micron. The word manufacturing evokes images of a dirty factory where jobs were manual, but
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MARCY, N.Y. — With a $44 million state investment, SUNY Polytechnic Institute is designing a new robotics and advanced manufacturing research and education lab and a semiconductor-processing lab to train the future workforce for companies like Wolfspeed, Indium, Danfoss, and Micron.
The word manufacturing evokes images of a dirty factory where jobs were manual, but manufacturing today is miles away from that, says SUNY Poly President Winston Soboyejo.
“In advanced manufacturing, it’s a new vision,” he tells CNYBJ. With clean environments and digital and cutting-edge technology including robotics, this fourth manufacturing revolution, dubbed Industry 4.0, reinvents manufacturing for young people and recreates the capacity to make products in America, he adds.
The semiconductor lab will provide education focused on STEM and semiconductor manufacturing, research, and development.
The advanced manufacturing lab — which will include advanced robotics, sensors and controls, smart manufacturing, Industry 4.0 initiatives, and an integrated connection with SUNY Poly’s AI for All facility — will give students the skills they need, notes Michael Carpenter, interim dean of SUNY Poly’s College of Engineering.
“We’re going to be setting up essentially a mock manufacturing line,” he says. It will mimic a real industrial line, even allowing students to troubleshoot and correct failures.
“It’s going to be very cross disciplinary,” Carpenter notes. In a work setting, different disciplines don’t work independently, he explains, but together as a team due to the complex nature of advanced manufacturing. “It’s not just someone turning a wrench to build something.” Workers must analyze data and ensure things are working correctly.
SUNY Poly is already outfitting the initial parts of the lab, Carpenter says. “We will have training up and running as early as this spring into fall.” He hopes the lab will get the larger tool sets it needs by early 2025.
“It’s going to be a really unique opportunity for the students,” he says. They will learn through hands-on projects and challenges.
The lab will serve students pursuing bachelor’s degrees as well as nontraditional students and will even offer certifications and micro credentials to professionals. “I think we’re going to be a very unique asset in Central New York to be sure,” Carpenter says.
For a public or private college, having such a lab is a significant opportunity. “We feel very lucky,” Soboyejo says. “We hope to really leverage these resources to entice students of all types to consider a career in advanced manufacturing.”
He’s working to organize partnerships, events, and activities to bring students to campus to expose them to advanced manufacturing, foster interest in careers, and help build the future workforce pipeline.
SUNY Poly recently hosted 100 young women in grades 10-12 at Utica’s Proctor High School as part of the inaugural Women in Manufacturing Summit, put on by the Manufacturers Association of Central New York (MACNY) and Utica City School District. Soboyejo hopes for more events like that to interest more students in STEM careers.
The jobs are out there now, with more to come, Soboyejo says. He’s heard that Micron alone will need 100,000 qualified employees for the four chip fabs it plans to build in upstate New York over the next 20 years.
“We’ll really take a regional approach,” he says, which means working with educational institutions from K-12 schools to universities.
“Industry is here,” he says, “ and they have real needs that are growing.”
That state’s $44 million investment in SUNY Poly, which also includes expanding the university’s health-science wing and updating its nursing laboratories, comes from the SUNY capital construction funds, the state budget, and appropriations secured by Assemblywoman Marianne Buttenschon (D–Marcy).
34 people graduate at Syracuse Surge workforce event
ONONDAGA, N.Y. — Syracuse Surge is the city’s “strategy for inclusive growth in the new economy, which strives to ignite economic growth and neighborhood transformation in Syracuse and Central New York.” The most recent Syracuse Surge workforce programming included 34 participants in three programs, according to a Dec. 18 CenterState CEO release. CenterState CEO and
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ONONDAGA, N.Y. — Syracuse Surge is the city’s “strategy for inclusive growth in the new economy, which strives to ignite economic growth and neighborhood transformation in Syracuse and Central New York.”
The most recent Syracuse Surge workforce programming included 34 participants in three programs, according to a Dec. 18 CenterState CEO release.
CenterState CEO and its partners at Onondaga Community College (OCC), OCM BOCES, and SUNY Educational Opportunity Center (EOC) honored the 34 graduates during a ceremony held at OCC on Dec. 15.
The graduation ceremony included remarks from OCC President Warren Hilton; Syracuse Mayor Ben Walsh; SUNY EOC VP Tim Pennix; Meghan Durso, CenterState CEO’s senior manager of industry partnerships for Work Train; Mari Ukleya, director of adult education at OCM BOCES; Cainaan Webb, CenterState CEO’s Syracuse Surge career navigator; and program graduate Miquel Velez.
“Syracuse Surge’s commitment to excellence and opportunity has been a guiding light for many of us, proving that education is not a privilege reserved for a select few but a right that should be accessible to all,” Velez said in the release. “The journey doesn’t end here. Armed with the knowledge and skills acquired through Syracuse Surge, we are now prepared to face challenges of the professional world. But let us not forget the importance of giving back to our community. Let us be ambassadors for education and advocates for those who still need a helping hand. Let our journey inspire hope and may our success be a testament to the transformational power of education.”
Candidates graduated from programs that included Surge Advanced Manufacturing (SAM), hosted by SUNY EOC; Surge Defense, also hosted by SUNY EOC; or Electrical Mechanical Technician (ELM), hosted by OCC and OCM BOCES (Onondaga-Cortland-Madison Board of Cooperative Educational Services).
About the programs
SAM and ELM are both multi-week, paid programs providing entry and mid-skill training for advanced manufacturing, CenterState CEO said. Surge Defense is a paid, 13-week program that prepares people for careers in clean, high-tech assembly jobs in government-contracting facilities.
As CenterState CEO describes it, these advanced-manufacturing industry partnerships bring together community organizations such as the Syracuse Community Center Collaborative, training providers, and employers to create workforce-development initiatives “designed to ensure people gain the skills employers want and move into jobs quickly, while candidates receive the needed support to be successful,” per the release.
“By having these three programs run concurrently, there is an accessible entry point for anyone who wants to grow their skills and explore a career in Central New York’s advanced manufacturing industry,” Aimee Durfee, CenterState CEO’s VP of workforce innovation, said. “The success of these programs is a guide for future workforce development initiatives that will be essential in ensuring employers have the talent they need, and that all community members can be a part of the region’s exciting growth.”
Candidates started the morning interviewing with regional employers, including Anoplate; TTM Technologies; Critical Path Integrators; Bluefors; United Radio; Belden/PPC; and LOTTE Biologics. Many of the candidates from the Surge Defense program received conditional offers from the program’s employer-collaborator Lockheed Martin Corp., CenterState CEO said.
Micron reports $1.2 billion net loss in latest quarter
Micron Technology, Inc. (NASDAQ: MU) on Dec. 20 reported a net loss of $1.23 billion, or $1.12 a share, during the first quarter of its fiscal year 2024, which ended Nov. 30. The figures compare to a net loss of $195 million, or 18 cents per share, during the same period in its fiscal year
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Micron Technology, Inc. (NASDAQ: MU) on Dec. 20 reported a net loss of $1.23 billion, or $1.12 a share, during the first quarter of its fiscal year 2024, which ended Nov. 30.
The figures compare to a net loss of $195 million, or 18 cents per share, during the same period in its fiscal year 2023.
Micron Technology posted better-than-expected results for its November quarter, sending the stock higher in premarket trading the following day, per a Dec. 21 Barron’s website article.
Boise, Idaho–based Micron plans to invest up to $100 billion over the next 20-plus years on a semiconductor manufacturing campus at the White Pine Commerce Park in the town of Clay.
The memory-chip maker generated revenue of $4.73 billion during its fiscal first quarter, up from the $4.09 billion generated during the same period last year, per its earnings report.
Micron also reported operating cash flow of $1.4 billion, up from $943 million for the same period last year.
“Micron’s strong execution and pricing drove better-than-anticipated first quarter financial results,” Sanjay Mehrotra, president and CEO of Micron Technology, said in the company’s report. “We expect our business fundamentals to improve throughout 2024, with record industry TAM [total addressable market] projected for calendar 2025. Our industry-leading High Bandwidth Memory for data center AI applications illustrates the strength of our technology and product roadmaps, and we are well positioned to capitalize on the immense opportunities artificial intelligence is fueling across end markets.”
N.Y. manufacturing index slides into negative territory in December
The Empire State Manufacturing Survey general business-conditions index fell 24 points to -14.5 in December, pointing to a decline in the sector, according to the latest monthly report from the Federal Reserve Bank of New York. The index had gained 14 points to 9.1 in November, its highest reading since April, after declining 7 points
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The Empire State Manufacturing Survey general business-conditions index fell 24 points to -14.5 in December, pointing to a decline in the sector, according to the latest monthly report from the Federal Reserve Bank of New York.
The index had gained 14 points to 9.1 in November, its highest reading since April, after declining 7 points to -4.6 in October.
The general business-conditions index is the monthly gauge on New York’s manufacturing sector and is based on firms responding to the survey.
A negative index number shows a deterioration in manufacturing conditions in the state, while a positive reading indicates expansion or growth in manufacturing activity.
The December survey found 18 percent of respondents reported that conditions had improved over the latest month, while 32 percent said that conditions had worsened, the New York Fed said.
Survey details
The Empire State Survey found that new orders fell 6 points to -11.3, pointing to a decline in orders for a third straight month, and the shipments index dropped 16 points to -6.4, indicating a slowdown in shipments activity, the New York Fed said.
The unfilled-orders index held steady at -24.0, a sign that unfilled orders continued to fall “significantly.” After rising into positive territory in November, the inventories index retreated 14 points to -5.2 in December, suggesting that inventories moved lower.
The delivery times index dropped 10 points to -15.6, its “lowest reading in several years, a sign that delivery times shortened.”
The index for number of employees fell 4 points to -8.4 in December, its lowest level “in several months,” pointing to a modest decline in employment levels, the New York Fed said. The average-workweek index was little changed at -2.4, indicating a slight dip in hours worked.
The prices-paid index moved down 6 points to 16.7 in December, suggesting an ongoing moderation in input price increases, while the prices-received index held steady at 11.5, a sign that selling-price increases remained modest.
After plunging in November, the index for future business conditions climbed 13 points to 12.1 the next month, a reading that suggests firms were “still not very optimistic” that conditions would improve in the months ahead.
New orders and shipments, as well as employment, are expected to increase only modestly over the next six months, according to the survey’s gauge of future conditions. The capital-spending index “remained depressed” at 4.2 in December, and the technology-spending index came in at 8.3, suggesting that firms’ investment plans “remained weak.”
The New York Fed distributes the Empire State Manufacturing Survey on the first day of each month to the same pool of about 200 manufacturing executives in New York state. On average, about 100 executives return responses.
BAE picked for propulsion system on U.S. Army truck prototypes
ENDICOTT, N.Y. — A Pennsylvania manufacturer has chosen BAE Systems to provide its alternative-propulsion product for common tactical truck (CTT) prototype vehicles that the U.S Army is testing. BAE Systems supplied its Gen3 propulsion and accessories power-management systems to Mack Defense of Allentown, Pennsylvania for integration on the truck variants to sharply cut fuel demand,
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ENDICOTT, N.Y. — A Pennsylvania manufacturer has chosen BAE Systems to provide its alternative-propulsion product for common tactical truck (CTT) prototype vehicles that the U.S Army is testing.
BAE Systems supplied its Gen3 propulsion and accessories power-management systems to Mack Defense of Allentown, Pennsylvania for integration on the truck variants to sharply cut fuel demand, according to a BAE Systems announcement on Dec. 12.
“The U.S. Army requested industry to provide solutions to maximize operational efficiency of the Common Tactical Truck in areas such as fuel demand reduction in order to help inform the final requirements for the program,” David Hartzell, president of Mack Defense, said in a release. “BAE Systems brings extensive experience in electrified propulsion technologies for commercial and military platforms — delivering a best-in-class solution for this program.”
BAE Systems’ Gen3 product includes an electric motor and generator and power electronics to create a more efficient mode of transportation for the trucks. The company’s latest electric-drive technology uses advanced materials, such as silicon carbide, and increases electrical efficiency for improved vehicle performance, BAE said.
This system provides enhanced fuel economy for the vehicles, an extended anti-idle operation capability and exportable power.
BAE Systems says it has fielded similar systems to other Volvo Group companies, and Mack Defense has been able to leverage this experience and apply it to the CTT program, per the BAE announcement.
“Our next-generation system leverages advanced technologies and proven, commercial-based components which will help modernize the U.S. Army’s Tactical Truck fleet,” Bob Lamanna, VP and general manager of power & propulsion solutions at BAE Systems, said in the release. “BAE Systems’ scalable design is a future-proof solution, which will not only improve fuel efficiency, but also provide the U.S. Army with a higher level of commonality, allowing for the quick integration of emerging capabilities.”
Mack Defense received a prototype contract for the first phase in the U.S. Army’s CTT program in January 2023. The prototypes will be tested and evaluated to determine the final requirements for the next generation of trucks to begin modernization and replacement of the U.S. Army’s fleet of about 35,000 heavy tactical trucks, which perform combat logistics, support, and service support missions.
About the companies
Headquartered in Falls Church, Virginia, BAE Systems, Inc. is the U.S. subsidiary of UK–based BAE Systems plc, a global defense, security, and aerospace company. Its website says the firm employs nearly 90,000 people globally. That figure includes more than 1,300 employees in Endicott, per a company spokesman.
BAE Systems says it has more than 25 years of experience developing and integrating electric-propulsion systems for transit buses, boats, heavy-duty trucks, and military vehicles. The company has more than 16,000 power and propulsion systems in operation worldwide.
Mack Defense, a wholly owned subsidiary of Mack Trucks, is responsible for the sale of heavy-duty trucks to federal- and ministerial-level customers globally.
Mack Defense is part of the Volvo Group, which is offering trucks, buses, construction equipment, and power products for marine and industrial applications, financing, and services.
Founded in 1927, the Volvo Group is headquartered in Gothenburg, Sweden, employs about 100,000 people, and serves customers in more than 190 markets. In 2022, net sales amounted to about $47 billion.
SRC appoints director of multi-domain electronic warfare
CICERO, N.Y. — SRC, Inc. recently announced it has promoted Victor Vanderberg to director of multi-domain electronic warfare (EW). In this role, Vanderberg will work with a team of engineers and specialists throughout the lifecycle of unmanned-system payload design, development, integration and demonstration efforts, according to an SRC news release. He will also engage with
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CICERO, N.Y. — SRC, Inc. recently announced it has promoted Victor Vanderberg to director of multi-domain electronic warfare (EW).
In this role, Vanderberg will work with a team of engineers and specialists throughout the lifecycle of unmanned-system payload design, development, integration and demonstration efforts, according to an SRC news release. He will also engage with customers, pursue opportunities, and ensure the alignment of programs with the overall strategic plan and customer objectives.
“Victor has held several positions at SRC and will bring years of knowledge and skills he’s acquired to this role,” Kevin Hair, president and CEO of SRC, said in the release. “His experience will strengthen our position as a leader in unmanned system payload design and support us in delivering creative solutions for our customers’ challenges.”
Vanderberg has more than 20 years of experience in engineering and with multi-domain EW expeditionary systems. In his former role as senior business-area manager for multi-domain EW, Vanderberg led business-portfolio research and development, as well as product-development efforts with a focus on size, weight, and power-constrained special communications, SRC said. He holds a bachelor’s degree in electrical engineering and a bachelor’s degree in Spanish, both from Virginia Tech.
SRC is a Cicero–based not-for-profit research and development company that combines information, science, technology, and ingenuity to solve problems in the areas of defense, environment, and intelligence. It employs nearly 1,400 people.
Lockheed Martin Owego wins nearly $133M Navy contract modification
OWEGO, N.Y. — Lockheed Martin Corp. (NYSE: LMT) in Owego was recently awarded an up to $132.8 million modification to an order against a previously issued basic ordering agreement from the U.S. Navy. This contract modification adds scope to provide non-recurring engineering and add/delete efforts in support of bringing eight MH-60R Seahawk helicopters from a
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OWEGO, N.Y. — Lockheed Martin Corp. (NYSE: LMT) in Owego was recently awarded an up to $132.8 million modification to an order against a previously issued basic ordering agreement from the U.S. Navy.
This contract modification adds scope to provide non-recurring engineering and add/delete efforts in support of bringing eight MH-60R Seahawk helicopters from a standard foreign military sales (FMS) configuration to a unique configuration for the government of Spain, according to a Dec. 14 contract announcement from the U.S. Department of Defense.
This adjustment also procures eight embedded global-positioning system inertial navigation-systems spares, four airborne low-frequency sonars, production spares, and associated field-service representative support.
Work will be performed in Owego (39 percent); Stratford, Connecticut (30 percent); Brest, France (21 percent); Portsmouth, Rhode Island (8 percent); and Troy, Alabama (2 percent), and is expected to be completed in June 2029, per the contract announcement.
FMS customer funds of nearly $46.5 million will be obligated at the time of award, none of which will expire at the end of the current fiscal year. The Naval Air Systems Command in Patuxent River, Maryland is the contracting authority. ν
B&C Storage rolls out plans for expansion this year
SYRACUSE, N.Y. — B&C Storage, a local chain of self-storage facilities, has opened a new location in the village of Camillus, the first step in
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