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Jake Shiroki, CPA has been promoted to tax supervisor at FustCharles. He joined the firm in 2022. Shiroki received his bachelor’s and master’s degrees in
Rachel Jonasse has been promoted to tax supervisor at FustCharles. She joined the accounting firm in 2020. Jonasse received her bachelor’s degree and MBA in
FustCharles, a certified public accounting firm in Syracuse, has promoted Erin Morford, CPA to tax manager. She joined the accounting firm in 2020. Morford received
Lockheed Martin boosts quarterly dividend by nearly 5 percent
Lockheed Martin Corp. (NYSE: LMT) announced that its board of directors has authorized a fourth-quarter, 2024 dividend of $3.30 a share. This is an increase of 15 cents per share, or 4.8 percent, over the last quarter and represents the defense contractor’s 22nd straight year of dividend increases, according to an Oct. 2 company news
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Lockheed Martin Corp. (NYSE: LMT) announced that its board of directors has authorized a fourth-quarter, 2024 dividend of $3.30 a share.
This is an increase of 15 cents per share, or 4.8 percent, over the last quarter and represents the defense contractor’s 22nd straight year of dividend increases, according to an Oct. 2 company news release. The dividend is payable on Dec. 27, to holders of record as of the close of business on Dec. 2.
At Lockheed’s current stock price, the dividend yields more than 2.1 percent on an annual basis.
The company’s board has also authorized the purchase of up to an additional $3 billion of Lockheed Martin common stock under its share-repurchase program. With this increase, total authorization for future repurchases under the stock-buyback program is about $10 billion. The number of shares bought and the timing of them are at the discretion of management and subject to compliance with applicable laws and regulations.
Lockheed Martin — a Bethesda, Maryland–based global defense-technology company — has two plants in Central New York, in Salina and in Owego, respectively.
Upstate’s new, trailblazing Children’s Pavilion opens
SYRACUSE — Upstate Medical University describes its new Children’s Pavilion as the “first facility of its kind in New York state, and one of only a handful in the nation.” The facility at 655 Madison St. in Syracuse is a new biobehavioral health unit (BBHU) for children with mental-health needs and developmental disabilities. It’s located
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SYRACUSE — Upstate Medical University describes its new Children’s Pavilion as the “first facility of its kind in New York state, and one of only a handful in the nation.”
The facility at 655 Madison St. in Syracuse is a new biobehavioral health unit (BBHU) for children with mental-health needs and developmental disabilities. It’s located about a block away from Upstate Medical’s Institute for Human Performance at 505 Irving Ave.
“The biobehavioral unit is indeed the first and only inpatient program in the state to treat children with neurodevelopmental disorders and behavioral dyscontrol,” Dr. Mantosh Dewan, president of Upstate Medical University, said in his remarks. “The Pavilion also increases child and adolescent m ental-health beds at Upstate from eight to 26.”
Dewan went on to say that the Pavilion is another step in Upstate’s commitment to respond to the “urgent and, sadly, chronic need” for child mental-health treatment services.
Officials say the opening of this unit by Upstate will reduce out-of-state placements for children, thereby reducing the financial burden on families and the trauma to youth by keeping families together.
“Every year, 300 to 400 children who need treatment here are sent out of state because they cannot be managed at home or in a group home. Our children deserve better,” Dewan said.
The effort to create this unit started back in 2015, he noted.
“This is a unit designed for children who have intellectual disabilities and comorbid mental-health conditions,” Henry Roane, director of the Golisano Center for Special Needs at Upstate Medical University, said. “And they’re children who primarily are admitted to a unit like that because they have intense behavior problems, so they’re physically aggressive toward others.”
“Addressing the mental-health crisis affecting our nation’s youth will not be accomplished just by opening this new unit,” Dr. Christopher Lucas, vice chair of psychiatry services at Upstate Medical University, said in his remarks at the event. “But it is the first step and a wonderful step it is in developing a comprehensive spectrum of intensive services for our region’s youth.”
“We’re dealing so often now with individuals that are coming to us for services, not with one particular diagnosis but with multiple conditions … medical, psychiatric, behavioral, developmental in nature, so again, it’s a very complex population that we’re supporting and the need for this type of specialized care is essential to help move forward and to address those treatment needs,” Jill Pettinger, deputy commissioner of statewide services for the New York State Office for People with Developmental Disabilities (OPWDD), said.
Pettinger went on to say that she and her colleagues at OPWDD have been focused on expanding the availability of children’s crisis services in New York State because she says they know that people “seldom fit neatly” into one service system, adding that this project is a “reflection … of that recognition and it’s important.”
Formerly a building on the Hutchings campus, the newly renovated 31,000-square-foot building will feature the BBHU, an 11-bed specialized unit where children 5 to 17 years old can receive behavioral and mental health care and one-to-one therapy. The goal of the unit is to stabilize and reduce severe destructive behavior in patients by teaching alternative forms of behavior while also providing evidence-based caregiver training.
Additionally, the building will feature 18 additional beds to expand Upstate’s inpatient pediatric/adolescent psychiatry unit.
The opening of these two units represents a significant expansion of Upstate’s mental-health services for children, especially those with multiple mental and behavioral-health diagnoses.
“We will all be looked at by the whole country,” Moira Tashjian, executive deputy commissioner of the New York State Office of Mental Health, said in speaking to the gathering. “What are we doing, how are we doing it, and how can it [be] replicated? I’m excited for this journey.”
State parks generate a $3.7 billion economic impact
State parks and historic sites in New York state generated a $3.7 billion economic impact in 2021, rivaling the economic impact of the state’s agricultural sector, which produced $3.3 billion for the same year. The data comes from an economic-impact report titled, “New York’s State Parks: The Economic Engine for the State” by Parks &
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State parks and historic sites in New York state generated a $3.7 billion economic impact in 2021, rivaling the economic impact of the state’s agricultural sector, which produced $3.3 billion for the same year.
The data comes from an economic-impact report titled, “New York’s State Parks: The Economic Engine for the State” by Parks & Trails New York (PTNY), the Political Economy Research Institute (PERI), and the National Heritage Trust.
During 2021, park visitors generated $5.9 billion in sales, $2.5 billion in labor income, and $3.7 billion in state gross domestic product (GDP), which is a measure that tracks the monetary value of goods and services.
The report also showed that state-parks funding results in a strong return on investment, with every $1 million invested in parks resulting in $10 million in sales, $4 million in labor income, and $7 million in state GDP. Park visitation continues to grow. In 2021, New York parks drew an estimated 78 million visits, with 47 million of those tourists not local to the area. In 2023, the number of visitors grew to 84 million.
“The economic impact of New York state parks is clear,” Oneida County Tourism Interim President Pietra Yozzo, tells CNYBJ in an email. “Our parks are not only a source of beauty and recreation but also critical to the economic strength of local communities. In Oneida County, parks like Verona Beach State Park, Pixley Falls State Park, and Delta Lake State Park attract visitors who support local businesses, create jobs, and strengthen our economy. These parks also offer scenic landscapes perfect for photography, making them popular spots for family portraits and memorable experiences. Investing in parks benefits both residents and tourists, ensuring our region thrives for years to come.”
Those tourists benefit local municipalities, businesses, and communities around the parks as visitors spend money on park entrance fees, gift-shop purchases, recreational equipment, food and beverages, gas stations, local transportation, lodging, and other expenses.
Data for the report was sourced from the Office of Parks, Recreation and Historic Preservation, I Love NY/Empire State Development, and comparable regional and national studies on the impact of tourism and outdoor recreation on localized economics. PERI used input-output models via the IMPLAN service to provide a comprehensive overview.
Parks & Trails New York is a statewide advocate for parks and trails, working to expand, protect, and promote a network of parks, trails, and open spaces across the state. The Political Economy Research Institute promotes human and ecological wellbeing through research. The Natural Heritage Trust works to preserve the state’s public lands and enhance programs at state parks and historic sites.
Broome County finishes bustling 2024 road-work season
BINGHAMTON, N.Y. — The Broome County Highway Division has finished a record-setting roadwork season across Broome County that saw completed projects across 14 municipalities, County Executive Jason Garnar, Deputy Commissioner of Public Works Chet Kupiec, and other officials recently announced. For the 2024 construction season, more than 84 miles of roadway was fixed including 48.5
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BINGHAMTON, N.Y. — The Broome County Highway Division has finished a record-setting roadwork season across Broome County that saw completed projects across 14 municipalities, County Executive Jason Garnar, Deputy Commissioner of Public Works Chet Kupiec, and other officials recently announced.
For the 2024 construction season, more than 84 miles of roadway was fixed including 48.5 miles of milling and paving and 35.5 miles of road sealing.
“For four straight years, we’ve increased the number of miles repaired, making our roads safer and more efficient for all who travel through Broome County,” Garnar said in a news release. “This year’s accomplishments would not have been possible without the support of Chairman Dan J. Reynolds, Legislator Matt Pasquale, the Broome County Legislature, along with our partners Assemblywoman [Donna] Lupardo and Senator [Leah] Webb, whose investment has allowed us to complete another record-breaking t
Broome County contributed $2.5 million to the work this year, while state funding came in at $5.2 million provided through the Consolidated Local Street and Highway Improvement Program (CHIPS), Emergency Winter Recovery (EWR) funds, PAVE NY, and POP programs.
The county was set to finish three remaining paving projects by the end of October, which will complete the season.
Looking ahead to 2025, one key road-construction project in Broome County will be the Old Route 17 (CR 28) culvert-replacement project over Fly Creek in the town of Sanford, slated to begin next summer. Broome County, in collaboration with Barton & Loguidice (B&L), recently took public comments on the project, which they say will address an undersized culvert and improve hydraulic performance, enhance safety, and support full truck traffic. The construction work is expected to take about four months.
SBA accepts nominations for Small Biz Week Awards through early December
SYRACUSE — The Syracuse-Upstate New York district office of the U.S. Small Business Administration (SBA) says it will take nominations for the 2025 national and district Small Business Week Awards through early December. The honors include the annual Small Business Person of the Year Award. The SBA wants to recognize small businesses with “exceptional” innovation,
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SYRACUSE — The Syracuse-Upstate New York district office of the U.S. Small Business Administration (SBA) says it will take nominations for the 2025 national and district Small Business Week Awards through early December.
The honors include the annual Small Business Person of the Year Award.
The SBA wants to recognize small businesses with “exceptional” innovation, growth, community engagement, or resilience, per its announcement. Last year’s winners included businesses located in Syracuse, Cortland, and Albany.
“During National Small Business Week, we will showcase and recognize some of the most successful and inspiring entrepreneurs in Upstate New York,” Dan Rickman, director of the Syracuse-Upstate New York district office, said in a statement. “We are asking local chambers of commerce, business associations, lenders and other small business groups for assistance in finding and nominating candidates for these awards.”
Those interested can visit the SBA’s awards website (www.sba.gov/nsbw) to download forms, criteria, and guidelines for submitting a nomination.
The Syracuse-Upstate New York district office nomination guidelines and district awards categories can also be found on SBA’s dedicated website (https://www.sba.gov/national-small-business-week/district-office-awards).
SBA says it will accept only electronic submissions for nominations, and they must be sent to the district’s box account no later than 4 p.m. ET on Dec. 5.
Syracuse-Upstate New York district Small Business Week categories include the following:
• Small Business Person of the Year (National and District)
• Small Business Exporter (National and District)
Local district awards include:
• Minority Small Business Champion or Business of the Year
• Veteran Small Business Champion or Business of the Year
• Women in Business Champion or Business of the Year
• Rural Small Business Champion or Business of the Year
Two Lewis County firms win $50,000 in startup funds
LOWVILLE — Two Lewis County businesses will use a total of $50,000 in startup funding to help build their operations. Coffee & Clay Cafe will utilize $20,000 for startup equipment, furniture, and inventory for a new café and pottery studio in Constableville. At the same time, Hartley’s Meat Market will use $30,000 for startup equipment
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LOWVILLE — Two Lewis County businesses will use a total of $50,000 in startup funding to help build their operations.
Coffee & Clay Cafe will utilize $20,000 for startup equipment, furniture, and inventory for a new café and pottery studio in Constableville.
At the same time, Hartley’s Meat Market will use $30,000 for startup equipment and inventory for a retail meat market in Port Leyden.
Naturally Lewis awarded the funding on behalf of the Lewis County Development Corporation (LCDC) as part of the Launch Lewis County initiative. Launch Lewis County is made possible through a grant from the New York State Homes and Community Renewal’s Community Development Block Grant program. Launch Lewis County is a partnership between LCDC and Lewis County.
Based on state requirements, Launch Lewis County is a microenterprise grant program for low-to-moderate income entrepreneurs or for those creating a new, full-time position.
“As we are working to develop an entrepreneur-led economy, programs like Launch Lewis County are driving us forward,” Brittany Davis, executive director of Naturally Lewis, Inc., said in the announcement “Our partnership with Lewis County to administer the Launch Lewis County program has allowed small businesses and entrepreneurs to start and expand products and services, which in turn creates and retains jobs, creates unique experiences for residents and tourists, and ultimately enhances the tax base of Lewis County.”
In order to qualify for the Launch Lewis County Microenterprise Grant program, businesses must have a small-business idea or a desire to innovate their existing small business.
In addition, an applicant must be considered low-to-moderate income based on 2023 income tax returns or create a new full-time job that will be made available to low-to-moderate-income people.
Applicants must also contribute at least 10 percent of total project costs and must complete their project by December 2025, Naturally Lewis said.
The economic-development agency says it’s currently seeking additional applicants for the Launch Lewis County grant program with $205,000 in grant funds still available.
For more information on the Launch Lewis County grant program and the process to apply for funds, you can visit naturallylewis.com/growing-opportunities/launchlc.
Oneida County property management firm certified as SDVOB
ALBANY— New York State Office of General Services (OGS) Commissioner Jeanette Moy recently announced that 15 businesses across the state were certified as service-disabled veteran-owned businesses (SDVOB), including one small firm in Oneida County. The New York OGS Division of Service-Disabled Veterans’ Business Development (DSDVBD) issued the certification to C6 Property Management, which is a
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ALBANY— New York State Office of General Services (OGS) Commissioner Jeanette Moy recently announced that 15 businesses across the state were certified as service-disabled veteran-owned businesses (SDVOB), including one small firm in Oneida County.
The New York OGS Division of Service-Disabled Veterans’ Business Development (DSDVBD) issued the certification to C6 Property Management, which is a Clinton–based firm specializing in property management services, the OGS announced on Oct. 18. Elsewhere in upstate New York, BrownRock Property Management, a site-preparation contractor located in Canandaigua; C&N Pizza Works, a Rochester–based operator of limited-service restaurants; and businesses in Troy, Glens Falls, Orchard Park, and Grand Island were also recently certified as SDVOBs.
The DSDVBD was created by New York State government in May 2014 through passage of the Service-Disabled Veteran-Owned Business Act. The state had 1,279 certified businesses, as of the Oct. 18 announcement.
For a business to receive certification, one or more service-disabled veterans — with a service-connected disability rating of 10 percent or more from the U.S. Department of Veterans Affairs (or from the New York State Division of Veterans’ Affairs for National Guard veterans) — must own at least 51 percent of the company. Other criteria include: the business has to be independently owned and operated and have a significant business presence in New York, it must have conducted business for at least one year prior to the application date, and it must qualify as a small business under the New York State program. Several more requirements also need to be met.
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