A union-funded think tank finds that New York has the greatest income disparity in the nation. The Fiscal Policy Institute says that trend continues, with the top one percent gaining more financial resources, while the middle class is falling behind and the numbers of the poor are growing.
The troops in the Dan Maffei for Congress campaign have been energized after the visit of former President Bill Clinton in Syracuse last week. Clinton gave Maffei supporters talking points for the campaign.
Syracuse University announced this month that it has reached the $1 billion mark in its fundraising campaign, which was launched in 2005. University administrators had not expected that goal to be met until December 31 of this year. With the recession dogging the economy for the last four years, other universities have not been so successful in their fundraising efforts.
One-hundred long days full of presentations, meetings with mentors and practicing investor pitches is all done.
The first-ever StartFast Venture Accelerator concluded Thursday morning with its Demo Day.
"Saying it was all hard would be an understatement," said Timothy Beckford, a founder of PadProof, a program to help professional photographers sell their pictures more easily. "It was a tremendous undertaking. We worked like crazy."
Nine companies entered StartFast back in May, but only eight made it through. The teams were given seed money, workspace and access to dozens of mentors.
It's a busy Sunday morning at Empire Brewing Company in Syracuse. Behind the line, cooks shout brunch orders and the dining area is filling up with customers. A blues band is setting up for a set, a weekly tradition here.
Company president David Katleski sits in a big booth near the kitchen. The sounds are like any other busy restaurant, but there's something different going on here.
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.
A pest has invaded farm fields throughout Jefferson County. Army worms – actually caterpillars that transform into moths – migrate up from the south every year to Northern New York. But this year a major outbreak of the worms is causing a widespread threat to crops, and big financial losses to some farmers.
In a New York Times article published Wednesday, a plan for the first stage of hydrofracking in New York state was laid out by members of the Cuomo administration. But in a radio interview Thursday, Governor Andrew Cuomo himself was reluctant to actually call it a plan.
The North Country Regional Economic Development Council is preparing for an influx of funding applications this July. Regional councils are part of Governor Andrew Cuomo's plan to distribute economic development aid throughout the state using a community-based, bottom-up approach to building New York's economy. A public forum was held by the council in Watertown last night.
Everyone in the north country recognizes that Fort Drum plays a huge role in the region's economy. Just how big is the subject of a report the post puts out every year, called the annual economic impact statement. This year's report says Fort Drum contributed over $1.6 billion dollars in spending in the 2011 fiscal year.
A group of Jefferson County legislators has for the second time in two years expressed opposition to offshore wind turbines in Lake Ontario. Almost two years ago, the New York Power Authority proposed an offshore wind turbine project, which Jefferson County rejected. Now the county may move to oppose federal overtures in that direction.
In a struggling economy, one business is on the rise and making an impact in the area: coffee roasting.
John Kupperman, owner ofSmith Housewares and Restaurant Supply, says Syracuse is the highest coffee consuming city per capita in the country. People in the area have roasting businesses accessible to them, and many prefer the taste of freshly roasted coffee as opposed to store-bought. Kupperman says the coffee roasting business is a good one.
There's a lot of development just around the corner in Clayton, a summer tourist destination on the St. Lawrence River. Town and village officials – and local business owners – are excited about several projects in the works that could put back to use a former industrial site along the river.
What drives those who have invested their time in the Occupy Wall Street movement, and what message is at the movement's core? In this edition of the Campbell Conversations, three Syracuse activists who had been camping at the Occupy Syracuse site prior to being evicted by the city tell their stories and make their case.
The expansion of Syracuse’s Carousel Center Mall—the first stage of the grander and still-planned project called Destiny USA—seems to be getting some traction of late. Parts of the expansion will be open later this month. David Aitken, a Destiny executive and spokesperson, discusses the expansion and the future plans for the project, and reflects on why the Destiny project has been such a political and economic lightning rod for the region’s residents and the media. He also discusses the exterior appearance of the expansion and the possible tensions—and synergy—between this project and t