The Connecticut-based helicopter maker Sikorsky announced on Monday that it will close its Southern Tier plant at the end of the year.

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.

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.

Ryan Delaney / WRVO

Economic development officials often joke that their favorite bird is the crane. Not the one with wings, mind you, but the kind you see on big construction sites.

So far in 2012, developers have put a fair number of cranes into the airspace above Syracuse. The city is seeing a big jump in the value of construction permits applied for.

Through May, $146,271,066 worth of permits have gone on the Division of Code Enforcement's books. That's more than full year totals for both 2009 ($136,534,880) and 2010 ($142,229,141). It is also well out-pacing 2011's numbers, when only about $30 million worth of construction had been applied for through May. Last year ended up finishing at $245,382,179.

That has people in city hall feeling positive about the city's economic outlook.

Institute for Veterans with Military Families

Popping the occasional Tylenol and drinking plenty of Red Bull are how Tom Voss and David Kendrick get through the long days at the Entrepreneurship Bootcamp for Veterans with Disabilities (EBV).

Voss, 28, from Wuawatosa, Wis. and Kendrick, 25, from Rochester, are both Army veterans hoping to start their own businesses.

For eight days at Syracuse University's Institute for Veterans and Military Families (IVMF), Voss, Kendrick and 25 other veterans spend 14 hours a day in classes learning how to be entrepreneurs.

Local labor unions rally to bring jobs back home

Jul 9, 2012
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.

New York Senator Charles Schumer is pushing a new bill that he says would help bring outsourced jobs back to upstate New York.

The bill would provide a 20 percent tax credit for businesses that bring outsourced jobs back to the US as well as close tax loopholes for companies that ship jobs overseas.

Zack Seward/Innovation Trail

The brand new Venture Jobs Foundation is just like any other charity.

"This one just happens to be providing early stage capital," says Denny DeLeo, the foundation's president and director.

Ryan Delaney / WRVO

The Green Party candidate for congress in central New York says a massive public works program can create jobs and improve the environment.

Ursula Rozum called for a “New-Deal”-like $10 trillion, 10-year program to fund clean building, energy and transportation programs.

She says it would create needed jobs.

Syracuse candle maker rekindles old flame

May 24, 2012
Ryan Delaney / WRVO

Candles are again being made at a Syracuse factory that had made them for almost 100 years.

Three years after Will & Baumer closed up shop and moved its candle-making operation to Tennessee, a new manufacturer of devotional candles has taken over the old plant.

The new company - Light 4 Life Candles - is headed up by former Will & Baumer president Marshall Ciccone.

Ciccone and other company officials held a ribbon cutting ceremony Thursday.

"It's just very, very heartening to see kind of a new start," Ciccone said after the ceremony. "A new company, but doing the same kind of thing."

The case for investing in research

May 23, 2012
Syracuse Center of Excellence / coutesy photo

Investments in research take a while to pay dividends.

So says Dr. Karin Pavese, director of innovation at the New York Academy of Sciences.

At a biotechnology symposium in Syracuse Tuesday, Pavese told attendees there's great growth potential in state-backed research. But since the fruits of those investments often take many years to bloom, Pavese says politicians are often hesitant to pony up key funding.

One job created in the innovation work force - like a research position - creates three additional jobs, according to Pavese.

But standing in the way is something called the "valley of death."

Ryan Delaney / WRVO

New York's senators say they have three new pieces of legislation that will reduce unemployment among recent veterans.

At a joint press conference Monday outside Syracuse University's Institute for Veterans and Military Families, Senators Kirsten Gillibrand (D-NY) and Charles Schumer (D-NY) unveiled the three bills, which Gillibrand says have bipartisan support.

Unemployment among veterans who served after September 11, 2001 is more than 12 percent, according to the Bureau of Labor Statistics.

Ryan Delaney / WRVO

The Cuomo administration is promoting a new program aimed at reducing unemployment among teens and young adults in low-income parts of the state.

The Labor Department's New York Youth Works program was first announced in February. Officials were in Syracuse late last week to highlight the benefits of the program.

Zack Seward / WXXI

The recent growth in New York's manufacturing sector has slowed, but economists say it's not all bad news.

"I wouldn't make too much out of just one month. It still is indicating growth," says Richard Deitz, senior economist at the Federal Reserve Bank of New York.

On Monday, the New York Fed released the April edition of its Empire State Manufacturing Survey [PDF].

After four months of steady growth, the Fed's "business conditions index" saw a 14-point drop. Still, the overall outlook remains positive. 

Deitz says manufacturing employment continued to increase, though unevenly in different parts of the state.

Bizjournal / via Flickr

The education and healthcare sectors - or "eds and meds" - provide potential for upstate New York's economy - as long as the region can translate research activity into job creation.

That was the message from William Dudley, president of the Federal Reserve Bank of New York. Dudley was in Syracuse Thursday for a series of speeches. He also sat down with the Innovation Trail.

"The educational establishment is world-class," Dudley said. "And the amount of innovation that those institutions are driving is substantial. But not much of that innovation actually leads to jobs in the region."

Ryan Delaney / WRVO

Ken Simonson is on a road trip to lobby for an increase in government investment in infrastructure projects.

Tuesday morning he stood in front of equipment at Milton Caterpillar in Syracuse and said “It’s great to see all this magnificent construction equipment, but it would be even better to see it in action.”

Simonson is the chief economists for the Associated General Contractors of America (AGC), a trade group. He highlighted Syracuse as one of four metro areas that have struggled more than most to regain jobs in constructions.