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VIEWPOINT: Supporting the Region’s Revitalization
Central New York’s economy is at the threshold of a period of steep, lucrative growth for the first time in decades. Thanks in part to major public and private investments, our region gained more than 5,300 jobs in the past year across all industries and is forecasted to continue growing. As a major employer of […]
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Central New York’s economy is at the threshold of a period of steep, lucrative growth for the first time in decades. Thanks in part to major public and private investments, our region gained more than 5,300 jobs in the past year across all industries and is forecasted to continue growing.
As a major employer of more than 5,600 people in Upstate, National Grid is proud to support our region’s revitalization with the Upstate Upgrade, a portfolio of energy-infrastructure improvements to build a smarter, stronger, cleaner energy grid for our customers and communities.
The Upstate Upgrade is a collection of 70-plus projects aimed at improving and expanding electricity transmission, and many of these projects are planned in and around Central New York. Much of our current grid was first built in the years before and immediately after World War II. While it has served us well, it needs to be upgraded to support future growth in electricity demand while improving reliability and resiliency for our customers. We are strengthening the transmission grid to improve reliability in the face of more frequent impactful weather events, helping to prevent outages and restoring power more quickly when they do occur. The Upstate Upgrade will increase capacity by thousands of megawatts, helping our economy grow and our communities prosper.
With increasing demands on our electric system, National Grid must act now to meet the expanding needs of Central New York’s growing economy. Micron’s historic investment in Central New York is a boon for our region that will spin off growth. New loads on the grid such as electric vehicles, heat pumps, data centers and advanced manufacturing continue to develop and will need additional grid capacity. New sources of energy from wind and solar need reliable connections into the electrical grid so that energy produced in Upstate can be used across our region.
A third-party analysis of the Upstate Upgrade by the consultancy West Monroe shows the potential for economic growth and impact. Across Upstate, the effort will create more than 1,700 new construction-related jobs, the majority hired locally, and bring with it at least $1.9 billion in overall economic output during and after construction. The Upstate Upgrade will also create thousands of additional jobs for local businesses, such as hospitality and retail positions, thanks to increased spending in the region by our project teams.
In addition, energy-intensive businesses like manufacturers and data centers could choose to take advantage of the improved energy delivery system and the abundance of renewable energy in our region. These new jobs will provide a boost for our customers and communities, generating exciting opportunities for growth, which will bolster our economy for future job creators and will attract new innovators to our communities. Emerging technologies will need local installers and service technicians to set up and maintain customer equipment. Overall, these investments will generate a total of up to 2 percent economic growth in counties across Upstate that host our electrical transmission infrastructure through 2030.
National Grid is committed to strengthening the communities we serve. Thoughtful outreach and communications are core to who we are as a company and our approach on these projects is to ensure that all impacted residents, businesses, and landowners are aware of the scope of our work and can engage meaningfully with our teams to provide input and have questions answered. You can find more information at our website: upstateupgrade.nationalgrid.com.
This is a large-scale investment in the future of Upstate and National Grid is proud to be a part of that future. Together we can build a robust, resilient, and secure grid to serve Upstate for decades to come.
Alberto Bianchetti is regional director of customer and community engagement for National Grid. Contact him at alberto.bianchetti@nationalgrid.com.
Strategic Financial Services has named Max Berkovich portfolio manager and new partner. He is a seasoned investment professional with a strong track record in developing
Using Smart Technology to Control Building Energy Use
Improving energy efficiency and reducing building electric loads are key first steps toward decarbonization. While every commercial or industrial building has a unique capital improvement
Koffman Southern Tier Incubator formally opens new facility in Vestal
VESTAL, N.Y. — The Koffman Southern Tier Incubator at Binghamton University has expanded with the addition of a new facility in Vestal, which it calls Koffman on Plaza. The Koffman Incubator provides key resources and programs to aspiring entrepreneurs and growing startup companies. The Koffman Southern Tier Incubator, which is located at 120 Hawley Street
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VESTAL, N.Y. — The Koffman Southern Tier Incubator at Binghamton University has expanded with the addition of a new facility in Vestal, which it calls Koffman on Plaza.
The Koffman Incubator provides key resources and programs to aspiring entrepreneurs and growing startup companies. The Koffman Southern Tier Incubator, which is located at 120 Hawley Street in Binghamton, opened in 2017.
The new Vestal facility, which formally opened Tuesday, is an extension of the incubator, providing advanced-stage startups with a “professional environment that mirrors the c-suite experience,” Binghamton University said. The facility offers office spaces and continued mentorship from experienced professionals within Koffman’s extensive network.
“We are thrilled to celebrate the opening of Koffman on Plaza, a testament to the Koffman family’s enduring commitment to fostering entrepreneurship and innovation in the Southern Tier,” Bandhana Katoch, executive director of the Koffman Southern Tier Incubator, said in the school’s announcement. “The addition of Koffman on Plaza not only expands our resources but also invigorates our mission to support and grow innovative startups. We are deeply grateful to the Koffman family for their generous support and dedication to our community’s entrepreneurial ecosystem.”
The building at 300 Plaza Drive, which the Koffman family donated, was built in 1967 and previously served as the headquarters for multiple Koffman family businesses.
This two-floor facility offers seven office spaces for startups on the first floor, with large and small options available.
Three offices are currently occupied by startups advancing in the entrepreneurial process. Rent prices start at $825. The lower floor houses existing tenant Smith Brothers Insurance, Binghamton University said.
“As the family discussed what to do with the building, it became clear that we should donate the office to Binghamton University to keep in the spirit of the Koffman Southern Tier Incubator,” Betsy Koffman said in the announcement. “The energy and spirit of entrepreneurs brainstorming and working to create and grow their businesses, people helping each other out and the beautiful space igniting creative ideas, keeps in the spirit of my dad and the rest of the family. My dad would be happy knowing the building has new energy and youth on its side.”
Verona Collective set to open flagship dispensary
VERONA, N.Y. — The Oneida Indian Nation’s Verona Collective cannabis enterprise will open its newest dispensary at 5528 NY-31 in the Verona Crossroads retail plaza
Former CFO starts as president of Human Technologies and will become CEO at end of year
UTICA, N.Y. — Human Technologies (HT), a Utica–based a social enterprise employing people with disabilities, has a new president who will also become its new CEO to start 2025, the organization announced. HT’s board of directors approved the promotion of Carl Reistrom from chief financial officer to the role of president, effective June 1. Tim
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UTICA, N.Y. — Human Technologies (HT), a Utica–based a social enterprise employing people with disabilities, has a new president who will also become its new CEO to start 2025, the organization announced.
HT’s board of directors approved the promotion of Carl Reistrom from chief financial officer to the role of president, effective June 1. Tim Giarrusso will remain as HT’s CEO until his retirement on Dec. 31, 2024, with Reistrom assuming the CEO role then.
“I am profoundly grateful for the opportunity to succeed Tim Giarrusso as the next president/CEO,” Reistrom said in a Tuesday news release. “I am committed to building on the strong foundation that is in place, ensuring we continue to make a positive impact on the lives of our employees and in our communities. As an organization, we look forward to new and innovative growth opportunities that will support our mission of finding the abilities within people.”
Reistrom, who served as CFO since 2016, has more than 25 years of progressive management and leadership experience in various industries within both for-profit and not-for-profit sectors. According to the release, his record in developing and executing strategic plans, building effective teams, and collaborating with all levels within an organization will serve him well in his new role, along with his potential to identify growth opportunities and adeptness at leveraging resources.
“Carl’s strategic insight and commitment to our mission make him the ideal person to lead Human Technologies into the future,” Giarrusso said. “I am confident that the organization will continue to thrive and expand its impact under his leadership.”
Headquartered at 2201 Dwyer Ave. in Utica, Human Technologies creates employment for people with disabilities by developing, investing in, and growing its business lines. They include supply chain and order fulfillment, uniform and apparel management, environmental services, facilities management, and manufacturing and packaging. Human Technologies employs 330 people across locations in New York, Pennsylvania, and northern Virgnia and generates more than $40 million in annual revenue.
Schumer wants more federal funding to improve storm-tracking network
SYRACUSE, N.Y. — U.S. Senate Majority Leader Charles Schumer (D–N.Y.) on Monday said he wants to secure $30 million for the nation’s network of weather-monitoring
Wynn Hospital receives cardiac reaccreditation
UTICA, N.Y. — Wynn Hospital of the Mohawk Valley Health System (MVHS) recently received reaccreditation as a HeartCARE Center: National Distinction of Excellence from the American College of Cardiology (ACC), MVHS announced in a press release. Accreditation is based on on-site evaluation of the staff’s ability to safely and effectively evaluate, diagnose, and treat patients
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UTICA, N.Y. — Wynn Hospital of the Mohawk Valley Health System (MVHS) recently received reaccreditation as a HeartCARE Center: National Distinction of Excellence from the American College of Cardiology (ACC), MVHS announced in a press release.
Accreditation is based on on-site evaluation of the staff’s ability to safely and effectively evaluate, diagnose, and treat patients as well as participation in ongoing quality improvement initiatives and numerous cardiac-registry programs.
“We are so very proud of our entire cardiac team for once again achieving this status,” Darlene Stromstad, president and CEO of MVHS, said in the release. “Being designated a HeartCARE Center provides national recognition of what we all know and appreciate — that our cardiac services provide exceptional care.”
The recognition is the highest one hospitals can receive from the American College of Cardiology. Wynn Hospital achieved this distinction based on meeting specific criteria, on-site reviews, and proven quality standards.
Established in 2018, the designation is awarded to hospitals that demonstrate excellence in cardiovascular care through comprehensive process improvement, disease and procedure-specific accreditation, professional excellence, and community engagement.
“It is an honor for our program to achieve this redesignation,” Michael Sassower, medical director of the structural heart disease program at MVHS, said in the announcement. “It is a continuation of years of effort put forward by our team of doctors, nurses, technologists, and support staff who have the shared vision of creating a cardiac center that is second to none.”
In addition to the HeartCARE Center designation, MVHS also achieved ACC accreditation in its electrophysiology study.
“MVHS has demonstrated its commitment to providing the Mohawk Valley with excellent heart care,” Deepak Bhatt, chair of the ACC accreditation-management board, said. “ACC Accreditation Services is proud to award MVHS with the HeartCARE Center designation.”
Earlier this year, Wynn Hospital paused open-heart surgeries amid concerns from hospital leadership and the New York State Department of Health. MVHS is currently working with an outside organization to resolve the matter.
MVHS serves Oneida, Herkimer, and Madison counties with its integrated delivery system of health care. The organization employes more than 4,200 full-time equivalent employees.
Downtown Syracuse Foundation seeking grant applicants for Syracuse Cultural Festivals Fund
SYRACUSE, N.Y. — The Syracuse Cultural Festivals Fund has $140,000 available for nonprofits that would like to apply for funding. The City of Syracuse established the fund “in recognition that festivals and event programming contribute to a vibrant community,” per Monday’s announcement. The money is intended to support nonprofit community groups organizing and delivering celebratory
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SYRACUSE, N.Y. — The Syracuse Cultural Festivals Fund has $140,000 available for nonprofits that would like to apply for funding.
The City of Syracuse established the fund “in recognition that festivals and event programming contribute to a vibrant community,” per Monday’s announcement.
The money is intended to support nonprofit community groups organizing and delivering celebratory events centered on a specific theme that are free for the public to attend (no ticket purchase is required or involved); held in public spaces; and provide entertainment and/or activities for patrons.
Festivals that will be held between the timeframe of September 2024 through September 2025 are eligible for consideration and applications may be submitted for grant amounts between $3,000 and $10,000 per festival.
The Downtown Syracuse Foundation, Inc. administers the funding, which is meant to reimburse organizers for eligible expenses associated with awarded festivals and events. Applications should be submitted at least two months prior to the event or program date. Please note that any previously awarded Syracuse Cultural Festivals Fund grantees with events held in September 2024 are not eligible to apply for grant support for a September 2024 event.
The first round of applications is due at 11:59 p.m. on Aug. 20. Additional rounds of funding will be made available based on funding availability.
Those interested can visit DowntownSyracuse.com/syracusefestivalfund to learn more and download the application.
“Cultural festivals are a celebration of Syracuse’s rich diversity and great neighborhoods. They are unique events that improve quality of life and strengthen our local economy. They are a big part of what makes city living special,” Syracuse Mayor Ben Walsh said. “I appreciate the Common Council’s commitment to the Syracuse Cultural Festivals Fund and encourage eligible event organizers to submit applications for funding.”
Ithaca incubator accepting applications for protofacturing accelerator
ITHACA, N.Y. — Applications are open for Rev: Ithaca Startup Works business incubator’s new Protofacturing Hardware Accelerator program that connects existing prototyping and manufacturing hardware accelerators and helps entrepreneurs refine their prototypes. “We’re bridging the gap between prototyping and manufacturing to help entrepreneurs get a design freeze; then they can confidently advance to manufacturing at
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ITHACA, N.Y. — Applications are open for Rev: Ithaca Startup Works business incubator’s new Protofacturing Hardware Accelerator program that connects existing prototyping and manufacturing hardware accelerators and helps entrepreneurs refine their prototypes.
“We’re bridging the gap between prototyping and manufacturing to help entrepreneurs get a design freeze; then they can confidently advance to manufacturing at volume,” Deanna Kocher, Rev’s associate director of hardware programs, said in the announcement.
Applications are due by August 2 and are available online. The web address is https://www.revithaca.com/protofacturing-hardware-accelerator/.
The Protofacturing Hardware Accelerator supports physical product startups that have developed a proof-of-concept prototype and are preparing for initial manufacturing runs. Throughout the program, participants will refine their initial prototypes to create engineering prototypes while continuing to engage in customer discovery and securing funding for upfront manufacturing costs.
Administered by Cornell University’s Center for Regional Economic Advancement (CREA) with support from Cornell Engineering, Rev’s hardware accelerators help entrepreneurs in launching and growing startups that offer physical products. Each program offers four curriculum tracks — industry-agnostic open, agriculture technology, climate technology, and medical technology.
“The prototyping hardware accelerator experience has equipped me with a customer-centric mindset, enhanced prototyping capabilities, and a nuanced approach to design considerations,” Hannah James, founder of Virtual Fencing, said in the Rev announcement. “These preparatory aspects are invaluable as I transition into the protofacturing phase, where the focus is on scaling production while maintaining high standards of product quality and market relevance.”
The program is funded through a $2 million Build to Scale grant from the U.S. Economic Development Administration with a local matching fund of $2 million, including $1 million from Empire State Development’s Division of Science, Technology, and Innovation (NYSTAR).
The program curriculum and support are delivered virtually, and participants do not need to be in Ithaca to participate.
Rev: Ithaca Startup Works is a business incubator and startup workspace in Ithaca that offers business mentorship, training, and startup resources for any new or growing business that plans to scale and create jobs in the region. It was founded in 2014 through a partnership between Cornell University, Ithaca College, and Tompkins Cortland Community College.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.