The Upstate Economy

4:41pm

Tue February 12, 2013
The Upstate Economy

Gillibrand introduces bill to boost high-tech manufacturing

Sen. Kirsten Gillibrand has introduced a bill intended to boost high-tech manufacturing. The Democrat from New York visited the Harper International company outside Buffalo to discuss the Made in America Manufacturing Act, which is her first bill to go before the new Congress.

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9:26am

Fri February 8, 2013
The Upstate Economy

Inaugural Startup Labs teams show off their work

Nick Nickitas, center, CEO of Rosie, goes over his presentation with co-workers.
Ryan Delaney/WRVO

In the lobby of the historic Syracuse Trust Building in downtown - currently under renovation - a bunch of people gathered on Thursday afternoon to hear the ideas of some startup businesses. The location was picked to show off two parts of Syracuse on the up-and-up: its downtown and its startup scene.

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4:19pm

Wed February 6, 2013
The Upstate Economy

Local company wants American steel used in public projects

Nucor Steel employs about 300 people in Auburn, New York. Company officials asked for Rep. Dan Maffei's support of infrastructure projects that use American steel, when he paid a visit recently.

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2:21pm

Tue February 5, 2013
The Upstate Economy

Is another casino for Niagara Falls a good idea?

Daniel Robison/Innovation Trail

Governor Andrew Cuomo is reportedly putting together a proposal that would see a second, non-Indian operate casino open in downtown Niagara Falls. The question is whether the market could sustain another casino.

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11:18am

Mon February 4, 2013
The Upstate Economy

Millions in incentives go to firearms industry in New York state

Remington's plant in Illion New York has received $5.5 million in subsidies from New York
Ryan Delaney/WRVO

As the nation has been focused on gun control since the Newtown, Connecticut school shooting, additional attention is now being paid to the incentives going to the gun industry in New York.

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5:53am

Sat February 2, 2013
The Upstate Economy

North Country sustainability plan considers environment, economy

The plan was unveiled at the Wild Center in Tupper Lake last week.
Credit Sarah Harris/Innovation Trail

The North Country Sustainability Plan was unveiled last week. It tackles energy, land use, transportation and water and waste management across seven counties.The Adirondack North Country Association, Ecology and Environment Inc., and Essex County spent much of the past year compiling the plan. They enlisted the help of another 200 people from around the region for the working groups.

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4:22pm

Thu January 31, 2013
The Upstate Economy

NY's wine industry looking for a few good sommeliers

baristaj9 Flickr

Despite Gov. Andrew Cuomo's recent zest for upstate beer and wine, some industry leaders think his plan has a missing link. Thy say the lack of wine experts known as Master Sommeliers in the upstate region could be a road-block to the sector reaching its full potential and bringing with it growth in tourism.

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8:57am

Thu January 31, 2013
The Upstate Economy

Exports and Generation Y, a recipe for upstate growth

Accelerate Upstate 2.0 conference 2013
BuffaloRising.com

Boosting exports, focusing on homegrown New York businesses, and the importance of engaging with Generation Y. These were all topics of focus at the Accelerate Upstate 2.0 conference in Buffalo this week.

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12:21pm

Wed January 30, 2013
The Upstate Economy

What New York's 'innovation network' might look like

Credit connect.org

When Gov. Andrew Cuomo put forward his economic development agenda in his State of the State address in early January, he outlined his plans to grow innovation and entrepreneurship. He spoke of a new venture capital fund, the commercialization of academic research and providing support for startups.

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6:18am

Fri January 25, 2013
The Upstate Economy

Cuomo lays out innovation agenda

Gov. Andrew Cuomo wants to form an innovation network and a $50 million state-run venture capital fund.
Zack Seward WXXI

Gov. Andrew Cuomo laid out a number of efforts in his 2013 agenda to encourage the commercialization of academic research and boost entrepreneurship, including a venture capital fund and network of incubators, which are seen as mechanisms to boost economic growth.

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4:03pm

Wed January 23, 2013
The Upstate Economy

Cuomo budget proposes third round of Regional Economic Development Councils

The Regional Economic Development Councils have been a cornerstone of Governor Andrew Cuomo's plan to revitalize the state's economy. In his budget address Tuesday, Cuomo proposed a third round of state funding for the regional councils totaling $210 million.

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9:02am

Fri January 18, 2013
The Upstate Economy

Kodak - one year after bankruptcy

WXXI Public Broadcasting

Kodak filed for Chapter 11 bankruptcy a year ago. The intervening months have seen big layoffs, pay freezes for workers, and an end to benefits for many of the company's retirees. However, Kodak also secured an extra $830 million in funding, and sold its patent portfolio.

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4:00pm

Tue January 15, 2013
The Upstate Economy

Massachusetts motor company brings new jobs to Glens Falls

New York Electric Motor Service, a small motor company based in Glens Falls, changed hands at the beginning of the year, and additional hiring is likely to follow.

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8:31am

Tue January 15, 2013
The Upstate Economy

New startup competition underway in Syracuse

Bea Arthur, founder of Pretty Padded Room, introduces herself on the first day of Startup Labs.
Ryan Delaney WRVO

3:55pm

Thu January 10, 2013
The Upstate Economy

Cuomo says proposed casinos would draw tourists upstate

License Some rights reserved by Håkan Dahlström Creative Commons License

During his State of the State address on Wednesday, Gov. Andrew Cuomo offered more details on a plan for casino gambling in New York state. If the governor gets his way, the proposed new casinos would come to upstate first.

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4:13pm

Wed January 9, 2013
The Upstate Economy

Computer chip manufacturer to build new R&D facility in Saratoga County

The computer chip manufacturer GlobalFoundries has announced that it will move forward with plans to construct a $2 billion research and development center in Saratoga County.

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7:41am

Mon January 7, 2013
The Upstate Economy

Wind energy tax credit extension means "big sigh of relief"

Sarah Harris NCPR

With several tax credits and incentives for the wind industry extended by Congress for at least another year, wind projects in upstate New York can move forward with a little more confidence.

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4:34pm

Fri January 4, 2013
The Upstate Economy

Unemployment figures worse for under-30s

The national unemployment level remained unchanged at 7.8 percent for December, according to Bureau of Labor Statistic figures released today. This is the 49th consecutive month unemployment has been above 7 percent but according to analysis from an interest group, those numbers don’t reflect the reality for young adults.

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4:25pm

Fri January 4, 2013
The Upstate Economy

Extension of wind energy production tax credit likely to trigger rush on components

Wind turbines at Marble River in Clinton, NY
Sarah Harris NCPR

The last-minute fiscal cliff deal brought good news for the wind industry. Congress agreed to extend production tax credits for wind energy producers until the end of 2013.

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3:16pm

Fri January 4, 2013
The Upstate Economy

Research credit extension could be a double-edged sword

Tuesday’s fiscal cliff package included extensions to a range of business-related tax credits, including one aimed at supporting research and development. Although Rochester, Buffalo and Syracuse have some of the most active R & D economies in the country, experts say the deal could be a double-edged sword for upstate New York.

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9:21am

Wed January 2, 2013
The Upstate Economy

North Country housing market tight as Fort Drum deployments smaller, shorter

Nearly all of Fort Drum's soldiers are at the post right now, not on deployments – and that's a first for the region since the installation's expansion in 2001. That has tightened the region's housing market, for soldiers, who have fewer choices, and for civilians, who don't receive housing assistance like soldiers do and are looking for affordable housing.  

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11:06am

Thu December 27, 2012
Taxes

Tax season may bring changes and surprises next year

401(K) 2012 Flickr

There could be some surprises for taxpayers in 2013. Many of them may find themselves with a bigger tax bill next year.

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8:25am

Wed December 26, 2012
The Upstate Economy

Private colleges' impact on upstate economy rises to $22.8 billion

Colleges and universities are becoming an even bigger part of upstate New York's economy, according to a new report by a group that represents private institutions in the state.

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4:23pm

Wed December 19, 2012
The Upstate Economy

Winners and losers: $738 million given in regional councils' round II

Empire State Development

A highly packaged awards event in Albany was the forum for allocating a range of funding to support economic development across New York state on Wednesday. A total of $738 million was distributed in the second-year of this competitive planning process driven by Gov. Andrew Cuomo.

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11:35am

Wed December 19, 2012
The Upstate Economy

Kodak patent buyers include Google, Apple and Microsoft

Kodak has sold off a chunk of its patents for $525 million.
Stewart Marshall via Flickr

Kodak has reached an agreement for the sale of their digital patent portfolio. Under the agreement, the company will receive $525 million for the imaging patents from Intellectual Ventures, a major holder of US patents, and a group of 12 licensees.

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8:32am

Tue December 18, 2012
The Upstate Economy

Schumer: 774 jobs will stay at CNY manufacturer after takeover

New York's senior senator, Charles Schumer, announced this afternoon that more than 700 jobs will remain at a manufacturer near Syracuse despite the company's recent takeover.

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8:08am

Fri December 14, 2012
Energy

Fracking regulations released for comment

A 90-day extension of the rulemaking process is widely viewed as the last step before New York makes its final decision on hydrofracking.
Matt Richmond WSKG

For those on the pro-fracking side, the newest regulations are both a good sign and a troubling one. On the one hand, they're a light at the end of the tunnel, proof that permits for hydrofracking aren’t far off. But, on the other hand, fracking supporters say that the Department of Environmental Conservation has only answered the concerns of the anti-fracking lobby.

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9:15am

Wed December 12, 2012
The Upstate Economy

Amtrak to take over new tracks in Albany area

The Northeast rail corridor will see shorter travel times and be more reliable. Through a new 25-year lease, Amtrak has taken control of a busy stretch of track leading to the capital region.

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8:04am

Fri December 7, 2012
The Upstate Economy

Defense contract that supports jobs in Syracuse cut from budget

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.

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4:53pm

Thu December 6, 2012
The Upstate Economy

Innovate it here & make it here, say manufacturing experts

Closing the gap between innovation and commercialization is the key to boosting the national economy. That is one of the messages at a manufacturing summit being held in Rochester this week.  Industry leaders say economic growth triggered by American ideas needs to be kept within the United States' borders.

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