business

3:03pm

Tue December 17, 2013
Business

Novelis plans to expand again

Novelis plans to increase the amount of business it does with auto manufacturers.
Gino Geruntino WRVO

Novelis is adding a third automotive aluminum finishing line to its operation in Oswego, with plans to focus most of its future business on supplying aluminum for cars and trucks.

According to plant manager Chris Smith, the $120 million investment will increase the plant's total capacity by about 30 percent, to 400,000 metric tons, while adding 90 new jobs to Novelis' workforce.
 

Smith says by adding the third line, Novelis will be able to meet automakers' increasing needs.

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5:18pm

Wed December 11, 2013
The Upstate Economy

Central New York given $66.9 million in regional council awards

The former NYNEX building on East Washington St. in Syracuse was given $2.8 million for a conversion to mixed-use space, including apartments.
screenshot Google Maps

Central New York missed securing a hat-trick in the latest of the state's economic development awards competition, known as the Regional Economic Development Councils.

Gov. Andrew Cuomo handed out $715.9 million is grants and incentives to more than 800 projects across the state in the third year of his regional councils Wednesday.

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4:04pm

Wed December 11, 2013
The Upstate Economy

SUNY Oswego making plans to START-UP NY

SUNY Oswego/Facebook

SUNY Oswego is embracing Gov. Andrew Cuomo's START-UP New York program, selecting three areas on the college's main campus as possible future business sites.

Cuomo formally launched START-UP New York in October, which offers new and expanding businesses the chance to operate on SUNY campuses tax free for ten years. The only requirements are that the company has to be able to create jobs, provide an economic boost for the community and not hurt other local companies.

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3:15pm

Tue December 10, 2013
The Upstate Economy

State subsidy system lacks transparency at regional level

Snapshot of IDA performance in central New York.
ALIGN

New York state’s economic development programs lack transparency and accountability at a regional level, according to a new report released Monday by the left-leaning Alliance for a Greater New York (ALIGN).

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7:56am

Mon November 25, 2013
Regional Coverage

New app makes plowing the driveway a breeze

Mark Hogan Flickr

Much of central New York got it’s first taste of winter this weekend. One local entrepreneur is hoping it sparks interest in a smartphone app that’ll bring a snowplow to your doorstep.

Plowz is a free smartphone app, and its creators hope it will help take the shovel out of your hands on those Syracuse mornings when you wake up to a snow clogged driveway.

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7:36pm

Wed November 13, 2013
The Upstate Economy

Jefferson County entrepreneurs will have harder time finding startup funds

Business startup loans will be harder to come by in Jefferson County, as the Industrial Development Agency's micro-enterprise loan fund dries up.
JCIDA

Entrepreneurs in Jefferson County are going to have a harder time finding startup money, now that a loan fund meant to help them is running low. That's good news and bad news.

Here's the bad news: The Industrial Development Agency's micro-enterprise loan fund is down to about $31,000. That means the next successful applicant is going to drain it dry.

"At some point, someone is going to come to the loan fund for dollars for their business, and we won't have any to lend," says Don Alexander, IDA chief.

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5:21am

Fri November 8, 2013
The Upstate Economy

CenterState CEO rolls out new strategic business plan for region

Amy Liu of the Brookings Institution Metropolitan Policy Program. The program helped CenterState CEO design a new business plan.
Ryan Delaney WRVO

With help from the Brookings Institution, CenterState CEO is out with a new strategic plan to boost the central New York regional economy.

The plan was two years in the making as the Washington-based Brookings' Metropolitan Policy Program picked Syracuse as one of the regions it would assist.

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7:32am

Thu November 7, 2013
The Upstate Economy

145 workers let go at Lockheed Martin sites in upstate New York

Lockheed Martin via Flickr

Another 80 employees at Lockheed Martin's factory in suburban Syracuse, N.Y. and 65 in Owego, N.Y. have been told they're out of a job in the second round of the layoffs to hit the sites this year.

The plan to reduce the workforce in the defense contractor's Mission Systems and Training unit was announced on Oct. 16. In all, 587 workers lost their job in the unit nationwide.

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11:32am

Thu October 31, 2013
The Upstate Economy

There was a 'secret plan' to close Lockheed Martin's Syracuse site

Lockheed Martin via Flickr

Lockheed Martin's radar and sensor facility just outside of Syracuse is safe for at least a year, but the company was close to closing it and relocating jobs, according to a news report.

The Post-Standard this morning cited unnamed sources and an internal document saying the defense contractor was in serious talks to shutter the facility in Salina and move the jobs there to other locations.

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7:31am

Thu October 31, 2013
Regional Coverage

Tool made in Syracuse being used by Nobel Peace Prize winner

Chris Russell, a technician at INFICON in East Syracuse, assembles a HAPSITE gas detector.
Ryan Delaney WRVO

With a few snaps and screws, the HAPSITE is ready to be shipped from the floor of INFICON's facility in East Syracuse and deployed as a gas and chemical warfare detector around the world.

It's just one of the products that comes out of the research and production facility in central New York, but this one has a new and very well respected client.

HAPSITE is short for Hazardous Air Pollutants on Site. The hard plastic machine, which is slightly larger than a suitcase, is a portable gas chromatograph mass spectrometer.

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8:46am

Fri October 25, 2013
Business

Business alliance doubles down on goal to double exports

Peter Maier, president of INFICON, leads a tour of the company's clean room. INFICON last year doubled its exports to $70 million.
Ryan Delaney WRVO

Business leaders in central New York are re-launching efforts to expand their involvement in the export market.

The Central New York International Business Alliance has been around for almost a decade. It’s renewing its push to increase exports among companies in the region, or get them into the market altogether.

The alliance is an effort from CenterState CEO, a regional chamber of commerce of sorts.

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7:07am

Mon October 21, 2013
Business

Old Beech-Nut factory may have a buyer

The sign on the former Beech-Nut factory was taken down earlier this year. Now a buyer of the factory has emerged.
IShreud via Flickr

The former Beech-Nut facility in Canajoharie may have a buyer, but those in the know are being tight-lipped about its future.

The huge white factory is a landmark for those who travel along the Thruway between Syracuse and Albany, even though the company removed the big red Beech-Nut letters earlier this year.

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3:46pm

Thu October 17, 2013
Business

Syracuse dairy co-op plans merger with national operation

fishhawk Flickr

A Northeast dairy cooperative headquartered in Syracuse plans to merge with a larger national operation from Missouri.

Century-old Dairylea told members at its annual meetings this week of its plan to merge with Dairy Farmers of America. Dairylea has been a partner organization since 2002.

The move, pending approval from members, will better position its farmers for the future, Dairylea spokeswoman Karen Cartier said.

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5:54am

Fri September 20, 2013
The Upstate Economy

Upstate farmers benefit from expanding frozen food industry

Bonduelle's plant in Bergen, NY processes tons of corn from local producers.
Kate O'Connell/Innovation Trail

The U.S. frozen food market is on the rise, with expectations it will become a $70 billion industry within the next two years.

Last year, upstate New York got in on the action when France-based company Bonduelle acquired three facilities to expand their production of canned and frozen vegetables. They took over the floundering Allen's plants in March 2012, with the intention of repairing and developing the facilities.

Local growers are now set to benefit from the company’s expansion and investment plans.

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6:50am

Wed September 18, 2013
The Upstate Economy

DiNapoli wants to invest into more NY-based companies

The state comptroller says he’s looking for more start up companies and entrepreneurs to invest in, as part of a partnership between the state’s pension fund and private equity managers.

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7:11am

Fri September 6, 2013
Regional Coverage

Syracuse's Hancock International Airport selected for TSA's PreCheck program

A view of Syracuse's Hancock International Airport, which was recently selected for the TSA's new PreCheck program.
Ellen Abbott/WRVO

Syracuse's Hancock International Airport is one of the medium size airports that will offer the TSA's new PreCheck program, becoming one of 60 across the country that will be able to take advantage of the expedited screening.

The PreCheck initiative is a frequent traveler screening program that will make it easier for frequent fliers to get through the screening process. Syracuse Aviation Commissioner Christina Callahan says there should be demand in Central New York.

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6:34am

Thu August 29, 2013
Business

Fifty years later, African-Americans entrepreneurs say business community still lags behind

This week marks the 50th anniversary of one of the largest political rallies for human rights in United States history. Half a century ago, hundreds of thousands of people marched on Washington and gathered to hear Martin Luther King, Jr.’s iconic “I Have a Dream” speech.

Fifty years later, Del Smith, director of the Center for Urban Entrepreneurship in Rochester, says African-Americans have made a lot of progress, but the business community is still catching up.

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9:05am

Wed August 28, 2013
Business

Communication and trust remain key to minority business success

Vicki Brackens
Ryan Delaney/WRVO

Today is the 50th anniversary of the historic Civil Rights March on Washington. Across America, people are celebrating the journey of African-Americans since 1963. Here in central New York, Vicki Brackens, an African-American woman who has been a part of the business and financial community in Syracuse for 30 years, spoke with the Innovation Trail’s Ryan Delaney about being a minority entrepreneur.

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1:01pm

Fri August 23, 2013
The Upstate Economy

New York in the World: Interview with Jonathan Bowles

Jonathan Bowles, Center for an Urban Future

The SUNY Levin Institute’s New York in the World report was prepared by the Center for an Urban Future headed by Jonathan Bowles. Bowles sat down with Garrick Utley to discuss the current state of New York's economy, and its future.

Garrick Utley:  Jonathan Bowles, you and your team worked on this report New York and the World for a long time. You examined the state of New York, the city of New York. What impression did you come away with in terms of the state of New York in the world today?

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4:19pm

Fri August 16, 2013
Regional Coverage

Increase in barges coming through Oswego causes unanticipated problems

A sign warns certain boaters not to park in the area.
Gino Geruntino/WRVO

A dispute is brewing in Oswego over who should get to use some docking space right in the center of town.

George Broadwell owns two hotels, a restaurant and a convention center along the east side of the Oswego River.

Last year, he says he complained to city and state officials about the number of tugs and barges mooring along the river in front of his establishments. Earlier this year, even more tug boats and barges were mooring along the 600 feet of space in front of his property.

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5:53am

Thu August 1, 2013
Business

In a victory for Syracuse, former gas station will be redeveloped

This former gas station on Syracuse's south side, will be redeveloped as a Dunkin Donuts.
Ryan Delaney WRVO

Score one for the self-proclaimed clout of U.S. Sen. Charles Schumer. Thanks largely to recent efforts of the senator, a former gas station on Syracuse's south side will be redeveloped.

The intersection of East Brighton Avenue and Seneca Turnpike is home to three vacant properties: two former gas stations and an old car wash. Two of them are owned by gas station chain Sunoco.

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8:33am

Thu July 25, 2013
Education

LeMoyne sees rise in students attending Madden School of Business

Dean Jim Joseph stands in front of the new Madden School of Business facility that'll open up this semester.
Ellen Abbott/WRVO

LeMoyne's Madden School of Business is seeing a big jump in enrollment. Incoming Dean Jim Joseph says there is a 34 percent increase in enrollment in the business school this semester.

"The last ten years, the average class size of the business school has been in the 90 plus range," Joseph said. "This year, our incoming class will be 126."

The goal is to attract 150 students next year. He says the school's global programs and experiential learning are some of the reasons that the Madden school is seeing that enrollment increase.

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2:06pm

Mon July 22, 2013
Business

Syracuse, Sunoco to meet to discuss vacant gas stations

Syracuse wants three former gas stations on the city's south side redeveloped.
Ryan Delaney WRVO

Syracuse economic development officials and representatives from Sen. Charles Schumer's office will meet with executives from the Sunoco gas station chain next week. They will discuss the future of three vacant, former gas stations on the city's South Side.

Syracuse says the properties are an eyesore and accuses Sunoco of blocking their redevelopment in order to preserve the competitive advantage of its newer fueling hub nearby.

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8:27am

Fri June 21, 2013
Business

Kodak inches closer to emergence with UK pension plan settlement

Eastman Kodak Company

It's been a big week for Kodak. The U.S. bankruptcy court approved the company's previously announced comprehensive settlement agreement with its United Kingdom pension plan Thursday.

The settlement includes the spin-off of Kodak’s personal and document imaging businesses to U.K. pensioners, and represents a big step in the company’s bid to emerge from chapter 11.

The U.K. Kodak Pension Plan (KPP) is the company’s single largest creditor with respect to its chapter 11 plan for reorganization.

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6:40am

Wed June 5, 2013
Politics and Government

Syracuse & Onondaga County combine planning offices

Onondaga County lawmakers have taken the first step towards creating a new joint city of Syracuse-county planning agency. Current city and county offices that both have planning duties will be combined into one.

Legislator Kathleen Rapp says the consolidation of the two planning departments will streamline the current planning process, easing the regulatory burden for businesses that deal with zoning issues.

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4:30pm

Tue June 4, 2013
Business

Byrne Dairy expanding one of its Syracuse-area plants

Byrne Dairy is planning an expansion of one of its Syracuse-area facilities.
novemberdelta via Flickr

An increased demand for long-lasting dairy products has prompted Byrne Dairy to expand one of its three dairy processing facilities in the Syracuse area.

Byrne Dairy-owned Ultra Dairy wants to add about 100,000 square feet to its plant along Interstate 481 in DeWitt. The company says the expansion will allow them to add about 50 more jobs at the plant.

Ultra Dairy uses a more sterilized pasteurization process that allows products to have a shelf life of up to 140 days. The plant hasn't been able to keep up with orders lately, it told county economic development officials.

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8:33am

Tue June 4, 2013
Business

Former New Venture Gear plant may have new tenant

New Venture Gear once employed 4,000 people making auto parts in DeWitt, N.Y.
Ryan Delaney WRVO

The old New Venture Gear auto parts factory in suburban Syracuse could have a new tenant much quicker than county economic development officials expected.

A newly formed company called American Intermodal Container Manufacturing Inc. wants to use about half of the large factory to make shipping containers.

New Venture Gear concluded a long shutdown of its DeWitt plant in August. It once employed 4,000 people making parts for SUVs.

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5:53am

Tue May 28, 2013
Politics and Government

Cuomo's 'Tax-Free Zones' proposal draws mixed reviews

Gov. Andrew Cuomo during his stop in Syracuse to promote his tax free zones.
Credit Ryan Delaney / WRVO

Gov. Andrew Cuomo has been traveling the state promoting a plan to allow new businesses to go tax-free for up to a decade if they locate near a State University of New York campus.  The plan, which is yet to be drafted into bill form, has raised some questions.

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8:47am

Mon May 6, 2013
Regional Coverage

North Country news giant John Johnson Jr. steps down from Watertown Daily-Times

John Johnson Jr. looks through some clippings from the Watertown Daily Times's archive Wednesday at the newspaper's offices in Watertown.
Credit Joanna Richards

After a long career devoted to documenting – and shaping – North Country life, John Johnson Jr. is far from calling it quits. But he is stepping down from daily oversight at the Watertown Daily Times and its parent company, Johnson Newspapers, helping to make way for a new generation of family leadership.  

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6:24am

Tue April 30, 2013
Business

'Buy local' promoter will hold local economy summit in Syracuse

Syracuse First founder Chris Fowler announces The New Economy Summit to be held next month.
Ryan Delaney WRVO

A promoter of the buy local movement in Syracuse will hold a regional summit next month to promote local business and encourage entrepreneurs to set up shop.

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