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Spring Binghamton Restaurant Week packed in the crowds
BINGHAMTON — More than 13,000 diners turned out for Binghamton’s fifth Restaurant Week this past March, helping restaurants show off their cuisine and hopefully win
JET moves to Arnot Health campus, management
ELMIRA — Joint Education and Training, Inc., (JET) is now operated by the Arnot Health education department and has moved to the Arnot campus on
Survey: Few consumers plan to spend their tax refunds this year
This time of year, the television and radio are usually chock full of ads from businesses peddling tax-refund specials for shoppers. However, the Siena College
AICPA Survey: Digital world has made it easier to spend, not save
The explosion in mobile and online music, games, apps, connections, and movie downloads are taking a toll on Americans’ wallets, according to a new survey
New program to provide training to domestic-violence survivors
SYRACUSE — Starting a business is an amazing opportunity for any woman, but it rises to another level for domestic-violence victims, says Joanne Lenweaver, director of the WISE Women’s Business Center. “Having this phenomenal opportunity offered to you and having the resources to actually see that this is a possibility,” Lenweaver says. “That you have
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SYRACUSE — Starting a business is an amazing opportunity for any woman, but it rises to another level for domestic-violence victims, says Joanne Lenweaver, director of the WISE Women’s Business Center.
“Having this phenomenal opportunity offered to you and having the resources to actually see that this is a possibility,” Lenweaver says. “That you have a choice now is remarkable.”
The WISE Center, Syracuse University’s South Side Innovation Center, and Vera House are working together on a new project to offer those choices to domestic violence victims through entrepreneurship training.
A $100,000 grant from Verizon is funding the effort, known as Project Phoenix. It’s one of five grants Verizon awarded to work-force development groups and domestic-violence agencies across the state to develop entrepreneurship training programs.
The one-year grant aims to train 15 to 20 people, says Randi Bregman, director of Vera House, a Syracuse nonprofit that works on issues involving domestic and sexual violence. Ten women have signed up so far and some already have ideas for businesses or have started young companies, she says.
One of the greatest challenges for victims of domestic violence is gaining economic independence, Bregman says.
“Part of the healing is knowing that you can take care of yourself and move on from having lived in fear,” she says. “The economic reality leaves people in fear for a long time.”
The flexibility of owning a business will allow domestic-violence survivors to work from home and around child-care arrangements, Bregman notes. Entrepreneurship is also largely about empowerment and figuring out how to advance one’s goals and visions.
Much of the language involved is similar to how Vera House speaks with victims, Bregman says.
“It’s really empowering people to find themselves,” she says. “That’s consistent with what we do.”
South Side Innovation Center Director Bob Herz agrees.
“The link is really empowerment,” he says. “We help people take control of their lives and over their futures as entrepreneurs.”
The South Side Innovation Center will help Project Phoenix participants take the first steps toward launching their companies. Training will involve basic money management, time management, and public speaking.
The center also expects to help participants form business entities and move some of them on to more advanced training in business-plan development, Herz says. Participants will also have the chance to apply for a Verizon Domestic Violence Entrepreneurship Grant at the end of the training.
The grants, worth up to $5,000, are meant to help fund business startups. The South Side Innovation Center can also connect participants with micro-loans, Herz says.
Some of the Verizon grant will be set aside to allow Project Phoenix participants to attend the annual Women Igniting the Spirit of Entrepreneurship (WISE) Symposium. The symposium and the WISE Center provide networking opportunities and support for members of the program, Lenweaver says.
Women business owners face unique challenges and the WISE Center can help Project Phoenix participants overcome them, she adds. Many of them, for example, may have worked on or even owned companies with ex-spouses, she notes.
Business contest winner MicroGen plans for growth
ITHACA — MicroGen Systems, Inc. expects hiring this year in the wake of winning the $200,000 grand prize in the Creative Core Emerging Business Competition. The company, based in Ithaca, plans to add four to five new employees this year to its current staff of five. MicroGen had been a finalist in the Creative Core
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ITHACA — MicroGen Systems, Inc. expects hiring this year in the wake of winning the $200,000 grand prize in the Creative Core Emerging Business Competition.
The company, based in Ithaca, plans to add four to five new employees this year to its current staff of five. MicroGen had been a finalist in the Creative Core competition for the past two years.
The money will go toward hiring and supporting the work of the company’s scientists. Each of the past two years, company leaders felt like they had won the contest, says Michael Perrotta, MicroGen CFO, chief operating officer, and interim CEO.
“I think one of the reasons is that just because we had made much more progress,” Perrotta says of the win this year. “We’re moving things along.”
The firm also expects to close a $1.6 million round of financing in the coming months, Perrotta says. The company has raised almost $400,000 of that total so far.
MicroGen is commercializing a chip-sized power generator that can transform subtle vibrations into energy. The product will be used initially in commercial and industrial monitoring.
The firm had been expecting its first sales this year, but Perrotta now says its first major sales will come in 2013. The firm’s fundraising push has moved slower than hoped, he adds.
“It’s a difficult market right now,” he says.
The amount of money MicroGen is seeking is bigger than what most angel groups would contribute, Perrotta says. So the company has been talking lately with companies interested in using MicroGen’s technology in their products.
The hope is to bring one or more of those firms on board as strategic investors, Perrotta says. MicroGen has been hitting expected milestones in developing its technology, which is helping those conversations move forward, he adds.
Perrotta doesn’t expect any pressure to relocate, even though the investors probably won’t all be local. Companies interested in investing in MicroGen will be doing so to use the firm’s product, not to buy it out.
Forcing a relocation could mean losing the scientific talent the company already has on board, Perrotta notes.
“They’re not going to move us because they don’t want to upset the apple cart,” he says.
Future investment is also one reason Perrotta is serving as “interim” CEO, he says. Investors will likely want a say in who leads the company in the future.
That’s a standard facet of life with startups, Perrotta notes. MicroGen’s previous CEO, David Hessler, departed amicably after bringing the business to a certain point in its development.
Perrotta expects to do the same. MicroGen’s founder, Robert Andosca, is still with the company as president and chief technology officer.
MicroGen’s product could be used to power wireless sensor networks that monitor manufacturing processes, the health of roads and bridges, and even tire pressure in cars, Perrotta says.
Work done in the past year has also made the company more confident that its generator can work with vibrations of lower frequency, Perrotta adds. At some point, that would allow a consumer to charge a cell phone simply by walking.
Andosca first began developing the MicroGen device while in graduate school at the University of Vermont.
MicroGen is funded by a combination of angel investment and grants from sources like the New York State Energy Research and Development Authority.
Consumer confidence spikes in Syracuse area in 1st quarter
Quarterly confidence gains in all New York regions Consumers’ willingness to spend rose sharply in the Syracuse metropolitan statistical area (MSA) in the first quarter of 2012, keeping pace with New York State’s other cities, where consumers also became more likely to crack open their wallets. The Syracuse MSA’s overall Quarterly Consumer Confidence
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Quarterly confidence gains in all New York regions
Consumers’ willingness to spend rose sharply in the Syracuse metropolitan statistical area (MSA) in the first quarter of 2012, keeping pace with New York State’s other cities, where consumers also became more likely to crack open their wallets.
The Syracuse MSA’s overall Quarterly Consumer Confidence Index jumped 10.7 points to 71.3, according to a survey conducted by the Siena (College) Research Institute (SRI). Consumer confidence increased in each of New York’s nine MSAs in the year’s first quarter.
The quarterly results, issued on April 11, came a week after SRI’s monthly Consumer Confidence Index showed that confidence fell in upstate New York during the month of March. The two indexes can show confidence levels heading in opposite directions because they come from different sets of consumers, according to Douglas Lonnstrom, professor of statistics and finance at Siena College and SRI founding director.
“The monthly index takes into account what’s happening all over the state,” he says. “The quarterly index takes into account just what’s happening in the nine major urban areas. Generally speaking, confidence is higher in the urban areas than it is in the rural areas.”
It is also important to remember that the quarterly survey covers a three-month span, according to Lonnstrom. So one month of sliding confidence — March — does not necessarily send the quarterly indexes into a tailspin.
“The first quarter, if we look at it, was pretty good,” Lonnstrom says. “The stock market had a great first quarter. The job market looked better. Psychologically, there was less negative news.”
Syracuse’s overall first-quarter consumer confidence of 71.3 slotted below the SRI index’s break–even point of 76.01. Index results above 76.01 indicate more consumers are optimistic than pessimistic, while results below 76.01 mean more consumers are pessimistic.
Two MSAs, New York City and Rochester, moved above the quarterly index’s break-even point. In New York City, consumer confidence jumped 15.4 points to 81.5. In Rochester, it climbed 6.9 points to 77.6.
The Utica MSA posted a confidence boost of 12.1 points in the first quarter, giving it an overall index of 68.3. In Binghamton, confidence swelled 9.1 points to 65.9.
Confidence in Albany rose 12.6 points to 75.3, and confidence on Long Island climbed 10.3 points to 73.1. The Mid-Hudson MSA’s confidence ticked up 8.5 points to 68.8, and the Buffalo region’s confidence ascended 6.2 points to 70.8.
SRI made random telephone calls to adults over the age of 18 to conduct the quarterly survey. Each MSA index is based on more than 400 respondents, except for New York City and Long Island. SRI averages results from its monthly consumer-confidence surveys to develop quarterly indexes for New York City and Long Island.
Current and future confidence
Syracuse’s increased first-quarter confidence came as the region’s current and future confidence also rose. SRI gauges overall confidence by combining current and future-confidence measurements.
Current confidence in Syracuse spiked 11 points to 76.6. Future confidence ballooned 10.5 points to 67.9.
In Utica, current confidence jumped 11.3 points to 73.9. Future confidence in the area rose 12.6 points to 64.7.
And in Binghamton, current confidence gained 6.5 points to 69.4. Future confidence rose 10.9 points to 63.7.
Buying plans
SRI also asked consumers in each of the state’s nine MSAs whether they plan to buy a car or truck, a computer, furniture, a home, or a major home improvement in the next six months.
The portion of survey respondents planning to make a purchase increased in 34 of the 45 possible categories across the state. It fell in the remaining 11 categories.
Buying plans typically rise as consumer confidence climbs, Lonnstrom says.
“It’s a cycle,” he says. “If people become more confident, they tend to spend more.”
In the Syracuse MSA, consumers increased their plans to purchase cars and trucks, furniture, and major home improvements.
They cut back on plans to buy computers and homes. SRI found that 13.9 percent of consumers plan to buy a car or truck in the next six months, an increase of 3.7 points from survey readings in the fourth quarter of 2011. That is also above the survey’s historical average, which shows 12.8 percent of consumers typically plan to buy cars or trucks.
And 15.1 percent of Syracuse consumers expect to buy furniture, up 4.4 points from the previous quarter and above the survey’s historical average of 14.9 percent. For major home improvements, 15.5 percent of Syracuse consumers plan a purchase, up 1.9 points from the previous quarterly survey but below the historical average of 19.6 percent.
Just 2.8 percent of Syracuse consumers plan home purchases, SRI found. That’s a dip of 0.1 points from the last quarterly survey and below the historical average of 3.6 percent.
Finally, 11.8 percent of consumers plan to buy computers, down 1.8 points from last month. However, that’s still above the survey’s historical average of 10.6 percent.
“Even the buying plans that were down weren’t down much,” Lonnstrom says. “It certainly [was] a very positive quarter.”
MACNY announces 2012 Wall of Fame inductees
SYRACUSE — The Manufacturers Association of Central New York (MACNY) has announced three inductees to its 2012 Manufacturers Wall of Fame. James Malvaso of the Raymond Corporation, Brian O’Shaughnessy of Revere Copper Products, Inc., and Robert Barbero of ESCO will accept their awards at MACNY’s 99th Annual Dinner on May 10 at the Syracuse Oncenter.
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SYRACUSE — The Manufacturers Association of Central New York (MACNY) has announced three inductees to its 2012 Manufacturers Wall of Fame.
James Malvaso of the Raymond Corporation, Brian O’Shaughnessy of Revere Copper Products, Inc., and Robert Barbero of ESCO will accept their awards at MACNY’s 99th Annual Dinner on May 10 at the Syracuse Oncenter.
“Manufacturing has long been the backbone of Central Upstate. These three outstanding individuals will be honored for their longstanding commitment to manufacturing excellence in our region, and we applaud them for their leadership and success within their respective businesses and communities,” Randall Wolken, MACNY president, said in a news release.
Malvaso, O’Shaughnessy, and Barbero will be members of the 12th class to be inducted into the Manufacturers Wall of Fame. Enacted in 2001, the wall salutes community leaders who have shown long-standing dedication and commitment to manufacturing in upstate New York.
For tickets or additional information, please contact Carol Waters at (315) 474-4201 ext. 21, or email: cwaters@macny.org.
Advanced Business Systems opens Syracuse branch
EAST SYRACUSE — The office-technology company Advanced Business Systems, Inc. is opening its first branch office in an East Syracuse building it purchased in March. Advanced Business Systems acquired the 5,300-square-foot former United Auto Workers (UAW) Local 624 building at 714 W. Manlius St. in a deal that closed March 27. It is the company’s
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EAST SYRACUSE — The office-technology company Advanced Business Systems, Inc. is opening its first branch office in an East Syracuse building it purchased in March.
Advanced Business Systems acquired the 5,300-square-foot former United Auto Workers (UAW) Local 624 building at 714 W. Manlius St. in a deal that closed March 27. It is the company’s first branch office outside of its headquarters at 22811 Murrock Circle in the town of Pamelia in Jefferson County, north of Watertown.
“We’ve grown enough that we need to have a physical presence in Syracuse,” says Edward Jones, owner and CEO of Advanced Business Systems, which provides businesses with technology ranging from printers and copiers to computers, network installation, and network management. The company served clients in Onondaga County before it decided to open an office in the Syracuse area, he says.
“To be honest with you, our market share [in Watertown] is so significant that we can’t expect to grow anymore up here,” Jones says. “Syracuse was a logical reach for us.”
Three Advanced Business Systems employees started working from the East Syracuse branch at the beginning of April, according to Jones. He wants to add two more employees in East Syracuse by the end of the year.
The branch office is currently being renovated with new flooring and energy-efficient lighting. Crews are also tearing out a wall to expand a showroom planned for the back of the facility.
“The back half of the building is a meeting hall, so it’s just a big open room with tile floors,” Jones says. “But the front half was offices and hadn’t seen any renovations in many, many years.”
Salina–based DeMascole Inc. is the general contractor for the renovations, which carry a price tag of just under $30,000, Jones says. The contractor also handled design work, so Advanced Business Systems did not hire a separate architect.
The office-technology company paid $150,000 for the former UAW hall, which it purchased directly from the union without a broker. Advanced Business Systems learned the building was for sale because UAW Local 624 was one of its clients, according to Jones.
Advanced Business Systems financed the building acquisition through Watertown Savings Bank. It hired a new vice president of the Syracuse region, Nick Mallaro, to manage operations at the new office, Jones says.
The new branch will not have a grand opening or open house for about two months, according to Ryan Jones, who is Advanced Business Systems’ sales and marketing manager and is Ed Jones’ son. Renovations are not scheduled to wrap up for another three to four weeks, and Syracuse employees are currently using the facility as a space to base their field operations, he says.
“They’re really using it as a place to go and leave some paperwork right now,” Ryan Jones says.
Advanced Business Systems is still working with local zoning officials to gain approval to mount its own sign on the building. Currently, UAW Local 624’s sign still hangs on the structure, Ryan Jones says.
Company background
Advanced Business Systems started in 1991 as a copy-machine dealer, Ed Jones says. Over the years the company widened its offerings to include other devices such as computers and servers as well as information-technology services like consulting, network installation, and network management.
The company is headquartered in a 9,000-square-foot building it owns in Pamelia. It employs a total of 29 people.
Ed Jones would like to hire five or six more employees by the end of the year, he says. About 75 percent of the company’s employees work on the road, visiting clients, he estimates.
Advanced Business Systems generated $3.98 million in revenue in 2011, up 12 percent since 2009, according to Ed Jones. He is targeting 20 percent revenue growth in 2012.
About 80 percent of the company’s revenue currently comes from St. Lawrence, Lewis, and Jefferson counties, Ed Jones says. He thinks the new Syracuse office will help the firm grow its operations to the south.
“We now have a brick-and-mortar presence,” he says. “We’re here to stay.”
The company has a special place in the market because it is locally owned, Ed Jones says. Most office-technology companies operating in upstate New York, like Toshiba or Xerox, are owned by large corporations, he says. He adds that he is only aware of one locally owned competitor for Advanced Business Systems in the Syracuse area — Syracuse–based Usherwood Office
Technology.
Advanced Business Systems works with clients of a variety of sizes, Ed Jones says.
“I can tell you that we do business with local governments and municipalities, we do business with the largest hospital in the [Watertown] area, we do 11 of the 13 school districts in Jefferson County,” he says. “But we also do little veterinary clinics and little dentists’ offices.”
CNY Mobile Billboards takes advertising to the streets
SYRACUSE — You could say that Derek Zehr traffics in advertisements. Zehr is the operating partner of CNY Mobile Billboards, a Syracuse–based firm that rents out space on billboards mounted on the back of trucks. The billboards can reach territory not covered by other advertisements, Zehr says. “You can’t throw us away and you can’t
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SYRACUSE — You could say that Derek Zehr traffics in advertisements.
Zehr is the operating partner of CNY Mobile Billboards, a Syracuse–based firm that rents out space on billboards mounted on the back of trucks. The billboards can reach territory not covered by other advertisements, Zehr says.
“You can’t throw us away and you can’t turn us off,” he says. “You can’t stop us unless there’s a roadblock.”
Advertisers often turn to CNY Mobile Billboards to promote events such as Syracuse University football games and the New York State Fair, according to Zehr. The company has also advertised for large restaurant chains such as Quaker Steak and Lube as well as political campaigns — its first client was the 2010 congressional campaign of Ann Marie Buerkle, Zehr says.
Zehr launched CNY Mobile Billboards in October 2010, along with four other partners. He declined to name his partners, saying they prefer to remain in the background and act as a board of directors while he manages the day-to-day business affairs.
The firm started with two trucks that each carry a pair of 10-foot by 20-foot billboards. Then at the end of the summer of 2011, it added a box truck that can display three smaller advertisements: two 6-foot by 10-foot ads on the sides and a 6-foot by 6-foot panel on the back.
The box truck has a slightly different role than the two other trucks, which are typically deployed driving up and down streets, according to Zehr. Instead, the box truck is designed to be parked at an event. CNY Mobile Billboards will then rotate the advertisements the truck displays at the event.
The company houses its trucks in 2,500 square feet of leased space at 706 N. Clinton St. in Syracuse. Its headquarters is a 500-square-foot office it leases at 1112 E. Fayette St. in the city.
CNY Mobile Billboards typically has six full-time employees and six to eight part-time workers, depending on the number of ad campaigns it is taking part in at one time, Zehr says. About seven or eight of those employees are part-time drivers, while the remaining employees make up the company’s sales, marketing, and design team.
For some advertisers, the company also organizes “street teams” to hand out flyers that match ads on its mobile billboard trucks. Street-team size varies depending on an advertiser’s wishes, but the teams are typically temporary workers, Zehr says.
Zehr would like to expand the company, but he does not have any hiring targets. CNY Mobile Billboards will add new drivers if it purchases another truck, he says.
And the company eventually wants to expand its fleet of trucks, according to Zehr. Each truck costs between $30,000 and $40,000, and CNY Mobile Billboards’ timeline for adding trucks will be determined by its revenue growth, he says.
He declined to share the company’s revenue total for 2011. Zehr has a goal to double revenue this year. He says he isn’t aware of any other mobile billboard companies based in the Syracuse area, so his firm only faces indirect competition from stationary billboards and other forms of media like radio or newspapers.
“I think we complement other types of advertising,” Zehr says. “For example, Dunkin’ Donuts is a huge customer. If you’re listening to the radio and you hear a Dunkin’ Donuts ad, and 10 seconds later you see a billboard truck driving by, and 30 seconds later you’re driving on [Interstate] 690 and you see the same stationary billboard, it’s building brand recognition.”
CNY Mobile Billboards has been successful winning business from national advertisers and large chains, according to Zehr. It now wants to reach out to smaller, local companies, he says.
The mobile-advertising firm often travels outside of the Central New York market for advertising campaigns, Zehr says. It has driven to New York City, Pennsylvania, and New Jersey, as well as Rochester and Albany, he says. In addition to its trucks, the company also offers advertisers the option of parking a fixed-position, 6-foot by 12-foot trailer in lots for special events.
Zehr acknowledges that mobile-billboard campaigns can be controversial — drivers sometimes have to deal with rude comments or gestures from people when a truck carries a political billboard, he says. The company’s drivers are instructed to be professional if anyone ever approaches them to complain about an ad campaign, and Zehr says he tries to avoid carrying extremely contentious advertisements.
“We don’t want to do anything that’s going to hurt people’s feelings,” he says.
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