A MEADS missile system on display at a trade show.
Credit courtesy / MEADS-AMD
Money for the final year of a missile system that supports a few hundred jobs for a defense contractor near Syracuse has been removed from Congress' defense budget. But Lockheed Martin is keeping optimistic that the money could find its way back into the budget.
New legislation would allow 55,000 thousand green cards to be earmarked for foreign graduates of U.S. universities with advanced degrees in science, technology, engineering and math has made it through the House of Representatives. But the bill still has an uphill battle ahead.
The New York State Board of Regents is considering a proposal to create two new education tracks that would better prepare high school students for jobs in the manufacturing and technical sectors. Sen. Charles Schumer (D-NY) says adding these diplomas would help increase graduation rates in New York state as well as bolster the economy.
The walls around Pat Dundon's desk are slowly filling up with white printouts. Some have the letterhead of the state's energy research organization NYSERDA, and others are lists he's created. His involvement in a program called Green Jobs Green New York has produced all this paperwork. Through the program, NYSERDA offers low-interest loans for energy efficiency upgrades.
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.
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.
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."
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.
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."
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.