Business

8:08am

Mon October 7, 2013
Business

Onondaga County to vote on proposed 2014 budget this week

Onondaga County lawmakers vote this week on the proposed $122 million 2014 budget. The spending plan includes a slight decrease in the tax rate along with some spending cuts. One additional fund that's being proposed in the budget is a pot of money that would be available for economic development projects.

Onondaga County Executive Joanie Mahoney has seen it before in central New York; economic development projects die because they can't get those last final dollars in place. So what does she the propose in order to correct the problem?

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6:29am

Fri October 4, 2013
Business

Upscale hotel coming to Syracuse's Inner Harbor

Starwood Hotels development director John Salvatore, left, and Gov. Andrew Cuomo, center, listen to COR Development's Steve Aiello outline the Inner Harbor redevelopment project.
Ryan Delaney WRVO

An upscale hotel chain has signed on as the first tenant in the redevelopment of Syracuse's Inner Harbor.

Starwood Hotels and Resorts announced Thursday that will build an $18 million, 130 room "Aloft" hotel at the former barge canal, as part of a larger redevelopment of the now rarely used site.

In all, COR Development is working on a $350 million overhaul of the site. It plans more commercial and residential space.

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7:35am

Tue October 1, 2013
Business

Utica launching Syracuse-modeled student business incubator project

File photo
Ryan Delaney WRVO

The city of Utica will soon become the home of a new business incubator, modeled after Syracuse's Student Sandbox. Utica's thINCubator project, which stands for The Home of Innovative New Companies, is spearheaded by the Mohawk Valley Community College Foundation and local investors, who are contributing $100,000 to start the program.

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4:30pm

Fri September 20, 2013
Business

N.Y. regulations like 'death by a thousand cuts,' say manufacturers

The Senate Majority Coalition public forum on regulatory reform at Syracuse City Hall.
Ellen Abbott/WRVO

The one phrase that kept coming up at Friday's New York State Senate hearing on regulatory reform in Syracuse, was "death by a thousand cuts." Manufacturers were the focus today as lawmakers travel around the state trying to identify regulations that are getting in the way of business.

One of the regulations State Sen. John DeFransisco called asinine at today's hearing, springs from the Wage Theft Prevention Act. Employers are required to provide employees with a yearly notice regarding their compensation, information that is already on their paycheck.

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8:28am

Mon September 2, 2013
Business

Struggle for federal dredging money continues in upstate cities

Kate O'Connell / WXXI

Shipping lanes and ports along the Great Lakes are big contributors to the economies of upstate cities.  Federal funding to remove sediment and keep these shipping lanes open is available, but funds are limited and some of the smaller ports struggle to secure the money to dredge shipping channels on a yearly basis.

And, difficulty freeing federal funds has led one company to take matters into their own hands in western 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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7:14am

Wed August 21, 2013
Business

Historic architecture improved with new technology

Terracotta being formed out of clay by hand.
Ashley Hirtzel/WBFO

A western New York business is creating terra cotta architectural features with the help of the latest technology. The objects are an important element in restoring and maintaining historic buildings, and building new ones.

The work done at Boston Valley Terra Cotta dates back to the late 1800's. The gargoyles, statues, and feature tiles they create can be seen on buildings like Grand Central Station, the Philadelphia Public Library, and the Poptahof in the Netherlands.

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5:44am

Wed August 7, 2013
Business

Seven Syracuse corner stores called "scourge" on city; ordered closed

Syracuse Mayor Stephanie Miner called corner stores with multiple code violations a "scourge" on city neighborhoods.
Ryan Delaney WRVO

Updated, 11:33 a.m.:

Surprise inspections of 10 corner markets in Syracuse on Tuesday uncovered numerous code violations, including fire safety, sewage and electrical violations. One was ordered to close immediately and the others were given 24 hour notices to shut down.

At the store ordered to close immediately, Delaware Market on the corner of South Geddes Street and Delaware Street, inspectors found a gas leak. S&R Market on South Avenue was running electrical wiring to an adjacent building, inspectors found.

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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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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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8:13am

Mon July 15, 2013
Business

Endicott Interconnect files for bankruptcy, layoffs may follow

Southern Tier-based Endicott Interconnect Technologies filed for Chapter 11 bankruptcy last week. The Broome County high-tech manufacturer, which employs approximately 600 people, plans to continue operations as it reorganizes.    

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8:10am

Fri June 28, 2013
Business

Port of Oswego shifts its business from water to land

Freight moved by rail and truck has risen to make up half of the Port of Oswego's business.
Ryan Delaney WRVO

Jonathan Daniels warns it's about to get real loud just as a fork lift drops a huge block of aluminum. Sure enough, the block creates a thud as the forklift goes back to pick up another piece.

Daniels, the executive director of the Port of Oswego, is making his rounds. Despite the port's prime real estate at the end of the Oswego Canal and the first deep water port on Lake Ontario for ships coming in from the St. Lawrence Seaway, there aren't any ships docked here this day.

But workers are still busy. Inside a warehouse, another crew is filling up a railcar with grain.

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10:14am

Tue June 25, 2013
Erie Canal

Barge traffic increases along Erie Canal

Tugboat Margot engineer Lee Palmateer and deck hand Kenson Delacruz (background) dock a barge along the Oswego Canal.
Ryan Delaney WRVO

New York's Erie Canal is reviving its history to again be an economic corridor for commercial shipping through upstate New York — after decades of being mostly used by recreational boats.

Shipping from Canada is expected to lead to a level of commercial traffic not seen in decades.

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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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4:34pm

Mon June 17, 2013
Business

Syracuse begs Sunoco to allow the sale of three vacant gas stations

One of three vacant gas stations near the intersection of Seneca Turnpike and East Brighton Ave. city officials want redeveloped.
Ryan Delaney WRVO

Syracuse officials are accusing the ownership of three vacant gas stations at a southern entrance to the city of blocking the properties' sale in the name of competition.

On Monday, Syracuse Mayor Stephanie Miner brought in Sen. Charles Schumer to call on Sunoco to allow the sale and redevelopment of the stations near the intersection of Seneca Turnpike and East Brighton Ave.

One of the properties has been vacant more than 15 years.

Entering the city and driving past the rundown properties sets "a bad tone" for the area, Schumer said.

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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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4:05pm

Wed May 29, 2013
Business

Stickley Furniture owed $2 million over lack of tariff enforcement

U.S. Sen. Charles Schumer (D-N.Y.) wants better enforcement of furniture dumping on Chinese manufacturers.
Ryan Delaney WRVO

Long time central New York furniture maker Stickley says it is owed a couple million dollars from the federal government in uncollected tariff fees on international competition.

The company alleges Chinese furniture makers are partaking in a practice called "dumping" -- flooding the market with cheaper products sold at a loss – which drives out competition.

A tariff on Chinese furniture was enacted in 2005. During that time, Stickely earned about $8 million from the fees collected on Chinese products sold in the U.S.

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8:32am

Tue May 21, 2013
Business

Destiny USA tries to make it a comfortable destination for tour bus drivers

Destiny USA's new lounge for tour bus drivers
Ellen Abbott/WRVO

Bus drivers who bring customers to Destiny USA in Syracuse won't be waiting in their buses for passengers to finish shopping anymore. The mall has created a new bus drivers lounge and the idea is to expand on what is already a big source of shoppers at the Syracuse mall.

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3:51pm

Tue May 14, 2013
Business

Popular Syracuse ice cream shop sets up permanent shop downtown

Syracuse Mayor Stephanie Miner gets the first licks of "Downtown Turnaround," an original oreo-coffe flavored ice cream concoction created by the new Gannon's Isle store downtown.
Ellen Abbott/WRVO

An ice cream icon in Syracuse has become the latest business to join in the revitalization of downtown Syracuse. Gannon's Isle has opened up a permanent store in the Dey's building, on the corner of South Salina and Jefferson Streets.

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4:48pm

Wed May 8, 2013
Business

IDAs need to be more transparent, accountable, says comptroller

New York State Comptroller's Office

The New York state comptroller’s office has released its annual report on New York’s 113 Industrial Development Agencies (IDAs), with concerns raised about the effectiveness and transparency of the organizations.

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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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9:22am

Fri April 26, 2013
Business

Business lines up against proposed border crossing fee

The Destiny USA shopping mall relies on Canadian visitors for about a quarter of its business.
Destiny USA

Business leaders are joining with several New York members of Congress who oppose the idea of introducing a fee for visitors crossing the border into the U.S., citing the importance of Canadians to upstate New York’s economy.

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4:50pm

Thu April 18, 2013
Business

Small businesses push for further reform in New York state, including immigration

Some rights reserved by wiccked

Small businesses from around the state took their concerns to legislators in Albany Wednesday. The message from leaders in the agricultural industry particularly highlighted the need for reforms to support small farms, and boost local economies upstate.

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9:10am

Thu April 18, 2013
Business

Chenango County named latest foreign trade zone in N.Y.

In March, the federal government awarded Chenango County, northeast of Binghamton, foreign trade zone status. That means county businesses can import goods without paying a tariff. They also pay a lower tariff if those goods are sold within the United States and no tariff if the final product is exported.

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8:36am

Tue April 16, 2013
Business

Gillibrand holds small business listening tour with SBA

Sen. Kirsten Gillibrand (D-NY), center, listens during a small business forum in Phoenix, N.Y.
Ryan Delaney WRVO

New York's junior senator and the head of the U.S. Small Business Administration swung through upstate New York Monday to hold a series of roundtable talks with small business owners and economic development officials.

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2:28pm

Mon April 15, 2013
Jobs

29.5% of recent high school graduates can't find work

The unemployment rate for recent high school graduates has nearly doubled since the recession began, leaving almost a third of them without work, according to a report from an economic think tank.

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4:44pm

Mon April 8, 2013
Business

Finger Lakes tops the class for business friendliness in New York

Thumbtack.com

The grades are in and the Finger Lakes region is top-of-the-class for business friendliness in New York state. That’s the conclusion of a new small businesses survey conducted by Thumbtack.com. But the survey also shows that the state still lags in a national comparison.

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4:29pm

Tue April 2, 2013
Business

Destiny USA and Syracuse reach deal to avoid legal battles

The Destiny USA shopping mall in Syracuse, N.Y.
Destiny USA

For the first time in Bill Ryan's 10 years of public service, Syracuse and the owner of the Destiny USA mega-sized shopping mall are not facing legal action. Ryan is a former common councilor and now chief of staff for the mayor and chairman of Syracuse Industrial Development Agency (SIDA), the city's development arm.

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