Business

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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10:30am

Thu March 21, 2013
Business

Gillibrand pushes for national $10 minimum wage

Sen. Kirsten Gillibrand (D-N.Y.) is pushing for a $10.10 federal minimum wage.
Ryan Delaney WRVO

New York's junior senator is staging a fight to raise the federal minimum wage to more than $10 an hour.

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4:04pm

Thu March 7, 2013
Business

Cuomo's one stop shop for beverage industry

www.theloop.ca

Gov. Andrew Cuomo has launched a service to streamline regulatory processes for New York’s $22 billion alcoholic beverage industry. The one-stop-shop initiative is designed to give producers a single point of government contact for licensing, regulatory, and incentives issues.

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9:10am

Mon February 25, 2013
Business

Twenty-year-old starts second business with purchase of Watertown commercial building

Matthew Turcotte works from his office in Clarkson University's small business incubator in downtown Potsdam.
Credit Joanna Richards

Many 16-year-olds might dream about starting their own business. But it takes a special kind of teenager to turn an operation launched in his parents' basement into a six-figure profit earner in just four years. After succeeding wildly with his web development and design company, North Shore Solutions, Clarkson University junior Matthew Turcotte, now age 20, is embarking on his second venture: commercial real estate.

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9:02am

Thu February 21, 2013
Business

DiNapoli says Syracuse's finances suffer from "systemic problems"

New York State's financial overseer is warning Syracuse's finances face "systemic problems."

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3:20pm

Wed February 20, 2013
Business

Small business training program returns to Syracuse

The Small Business Administration is bringing a free training program back to central New York for the third time.

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10:54am

Wed February 13, 2013
Business

Startups awaiting permission to "crowdfund" for new investors

Startup businesses in upstate New York, a region that sometimes struggles to attract big investors, are anxiously awaiting permission to begin soliciting funding from a new type of investor.

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8:14am

Tue February 12, 2013
Business

Gillibrand proud of Remington, but says backing it is up to Cuomo

Sen. Kirsten Gillibrand (D-NY) speaks at gas sensor manufacturer Inficon Inc., in East Syracuse on Monday.
Ryan Delaney WRVO

Firearm manufacturer Remington Arms is a part of New York's long tradition of manufacturing, Sen. Kirsten Gillibrand says, but using taxpayer dollars to make sure they stay in upstate New York is up to the governor.

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3:28pm

Wed January 30, 2013
Business

Five states courting Remington Arms away from New York

Remington Arms employs about 1,200 people in Ilion, N.Y.
Ryan Delaney WRVO

Five states have contacted the parent company of Remington Arms to encourage the gun maker to relocate in response to New York's efforts to tighten gun control laws.

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11:52am

Thu January 10, 2013
Business

Central New York's 2013 economy may be "instant replay" of 2012

The main economic booster engine for central New York is predicting economic growth in the region in 2013 will look a lot like last year.

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5:48am

Wed January 9, 2013
Business

Survey: upstate businesses less optimistic about economy in 2013

Business executives from across upstate New York are less confident about the economy going into 2013, an annual survey has found.

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5:52am

Tue January 8, 2013
Business

Schumer calls for action against phone scam targeting businesses

Sen. Charles Schumer (D-NY) wants to make it harder for phone hacking rings to rip off New York state businesses. Schumer is hearing from New Yorkers about dozens of businesses that are racking up huge phone bills because of these hackers.

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3:27pm

Mon January 7, 2013
Business

Fiscal Cliff deal is good news for small business

While the Fiscal Cliff deal passed by Congress at the turn of the New Year raised taxes on some of the wealthiest people in America, it left many tax breaks in place that benefit small businesses. That is, along as they take advantage of them.

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3:02pm

Thu December 20, 2012
Business

Sale of Rochester clothing maker Hickey Freeman finalized

The sale of the Hickey Freeman parent company was approved by the U.S Bankruptcy Court Wednesday. Authentic Brands Groups (ABG) and W-Diamond Corporation have been given the go ahead to purchase the intellectual and physical property of the company.

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