Business

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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4:29pm

Tue December 4, 2012
Business

Money from Destiny USA could be used for Inner Harbor upgrades

Syracuse's Inner Harbor.
Credit scottwdw / via Flickr

Some of the money collected through the tax break agreement between the Destiny USA mega-mall and Syracuse will be used to try and win federal funding for Inner Harbor improvements. The Syracuse Industrial Development Agency (SIDA) has approved the use of $500,000 from Destiny payments to be part of a match for a federal grant the city is applying for.

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9:44am

Fri October 5, 2012
Business

Following the people, more stores call downtown Syracuse home

Downtown Syracuse has seen 24 new business open since October 2011, up from 13 the year before and nine the year before that.
aidypoos Flickr

Empty storefronts used to be a common site in downtown Syracuse, but now more are being leased out thanks in part to a growing demand from people to live in the city's urban center.

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9:06am

Tue September 25, 2012
Business

Syracuse, Destiny USA appear headed to court over parking lots

Destiny USA is opening up an expansion to the mall, but it is not as big as once promised.
Destiny USA

The saga of the owner of the Destiny USA megamall and the city of Syracuse continues. The two appear destined to end up back in court as the Syracuse Industrial Development Agency (SIDA) plans to file a lawsuit against developer Robert Congel's Pyramid Group - the mall's owner - over parking lots.

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1:10pm

Thu September 6, 2012
Business

North side could have grocery store again in time for Christmas

Tops Friendly Markets plans to replace the now vacant Wegmans on Syracuse's north side.
Ryan Delaney WRVO

Residents on Syracuse's north side could have a grocery store within walking distance again by the end of the year.

Syracuse's development agency approved tax breaks Thursday morning to help Tops Friendly Markets replace a Wegmans that left this summer.

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8:00am

Sat August 18, 2012
Business

NY state beer industry could see substantial growth

Saranac is brewed and bottled in Utica, NY.
Ardyiii Flickr

Beer is big business in New York state. The industry, which already has a major impact on the state's economy, expects to grow even further.

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10:06am

Tue August 14, 2012
Business

CoworkBuffalo crafts community with office space

Sitting above a coffee shop, CoworkBuffalo maintains a twice-daily brewing ritual that satisfies the caffeine needs of its members.
Daniel Robison Innovation Trail/WBFO

Working from home can be lonely or full of distractions.  And taking a laptop or tablet to the coffee shop has drawbacks, too. Ever try finding an electrical outlet amongst all the tables and chairs?

Now, CoworkBuffalo is offering a solution by inviting telecommuters to gather together in one office space.

Organizers are trying to forge a sense of community while increasing productivity.

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9:14am

Thu August 9, 2012
Business

Hanna says STEM education just as important for boosting economy

Rep. Richard Hanna (R-Barnevald), left, tours Design Concepts LLC in Central Square.
Ryan Delaney WRVO

Fixing the tax code and overhauling regulation is important for boosting small businesses, says Rep. Richard Hanna (R-Barnevald), but he says in the long term, increasing science and math education is the key for the economy.

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10:32am

Wed August 8, 2012
Business

Internship program with the aim of getting kids to stick around

CenterState CEO is trying to match more local employers with college students with its Project ION.
USACEpublicafairs via Flickr

It's no guarantee, but the college internship can often lead to a job offer after graduation.

Economic development officials in Syracuse are hoping that getting more college students involved in internships at local, small businesses can help reduce the "brain drain" of young, educated people leaving the region.

CenterState CEO, an economic development agency, is ramping up its Project ION - Internship Opportunity Network - for another school year.

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8:00am

Sat July 28, 2012
Business

New store sells old cast-offs in Madison County

A new store in Madison County, ReUse, recycles items in good condition found in county dump for resale.
Ellen Abbot

There's a new place to shop in Madison County, and this new store will get its stock from an unlikely source, the county dump.

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10:30am

Tue July 17, 2012
Business

Syracuse IT firm gets state grant for training

IV4's Ben Wilcox tinkers on a computer at the company's Syracuse headquarters.
Ryan Delaney WRVO

A Syracuse IT firm says a state grant will help it train and add new employees.

Former Syracuse mayor Matt Driscoll visited IV4 in downtown Syracuse Monday to announce the grant. Driscoll is now the director of the New York Environmental Facilities Corporation.

The $50,000 grant is part of the money the Central New York Regional Economic Development Council secured late last year.

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8:27am

Mon July 9, 2012
Business

Local labor unions rally to bring jobs back home

Richard Knowles of the United Steel Workers talks to a rally of local labor supporters.
Ryan Delaney WRVO

Local labor unions are calling for politicians to do more to stop jobs from going overseas and encourage companies to bring jobs home.

Local chapters of the United Steelworkers (USW) and Service Employees International Union (SEIU) organized a rally Friday afternoon outside the shuttered M&K Candle factory on Syracuse's Northside.

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11:26am

Thu May 24, 2012
Minimum Wage

Fight over minimum wage continues

For weeks, there’s been a stalemate in Albany over the issue of raising the state’s minimum wage, with Assembly Democrats backing the idea, Senate Republicans opposing it, and Governor Andrew Cuomo remaining neutral in the middle.

Cuomo says he generally backs the measure, but feels that the GOP can’t be convinced.   

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