The Upstate Economy

5:25am

Tue March 12, 2013
The Upstate Economy

Investment pledge is "glimmer of hope" for Remington workers

More than 1,200 people work at Remington Arms in Ilion, N.Y.
Ryan Delaney WRVO

A pledge of new investment from its parent company and news of a newly secured military contract have workers at Remington Arms a little more optimistic their jobs will be staying in upstate New York.

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9:32am

Mon March 11, 2013
The Upstate Economy

Private-sector jobs up statewide, but it's not all good news

Job figures are on the rise across New York state,  however private-sector jobs in some upstate areas have declined according to the state Department of Labor’s latest jobs report.

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6:02am

Sat March 9, 2013
The Upstate Economy

Loss of major movie in WNY may boost case for more film tax credits in NY

Actor Kevin Costner
KevinCostner.com

Western New York has missed out on being the setting for a major motion picture, but Republican state Senator Patrick Gallivan hopes the loss of the movie “Draft Day,” starring Kevin Costner, will help push along a bill that would offer tax credits for films to be shot in New York state.

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4:03pm

Thu March 7, 2013
The Upstate Economy

Rochester Land Bank to try to get more properties on the tax rolls

Rochester's Land Bank will target privately owned vacant properties.
Some rights reserved by Kake Pugh

The City of Rochester has been given state approval to establish one of the state’s ten Land Banks. The city’s Land Bank will support the acquisition of vacant, tax-delinquent properties which will then be  renovated and sold through the HOME Rochester program. The aim is to also get more properties back on the tax rolls.

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9:59am

Tue March 5, 2013
The Upstate Economy

Library funding is focus of Library Advocacy Day

The library lobby is heading to Albany today to ask lawmakers to restore funding that has been lost for five years now.

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8:02am

Sun March 3, 2013
The Upstate Economy

EPA provides advice on sustainable growth to WNY communites

The intersection of Broadway and Fillmore Avenue in Buffalo
Ashley Hassett / WBFO

The Environmental Protection Agency announced this month it will be providing technical assistance to three western New York communities. They were chosen out of 121 applicants and are three of 43 communities to be assisted across the country. The EPA will provide the aid by delivering workshops on developing sustainable growth strategies.

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4:19pm

Thu February 28, 2013
The Upstate Economy

Carl Schramm writes in Forbes: Syracuse has "economic amnesia"

Syracuse native Carl Schramm says his hometown has "economic amnesia."
Credit Ryan Delaney / WRVO

In an essay in Forbes Magazine, entrepreneurship expert and Syracuse native Carl Schramm knocks his hometown for forgetting its innovative roots and potentially dooming its future.

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8:47am

Thu February 28, 2013
The Upstate Economy

Federal sequester means deep cuts at Fort Drum, impact on regional economy

U.S. Army

The federal government's across-the-board spending cuts known as the sequester are set to kick in Friday, barring an agreement between Congress and the president. That means a big impact for defense spending, including for Fort Drum, an important regional economic driver.  

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4:50pm

Wed February 20, 2013
The Upstate Economy

Upstate New York bids to become federal drone testing site

Joe Kummer, president of Propulsive Wing in Elbridge, N.Y. demonstrates his prototype unmanned aerial vehicle.
Ryan Delaney WRVO

A coalition of upstate New York universities and defense contractors has submitted a bid to become a federally designated testing and research site for the integration of unmanned aircraft systems, or UAS, into domestic airspace.

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3:49pm

Tue February 19, 2013
The Upstate Economy

Schumer wants federal funds to upgrade Port of Oswego

Sen. Charles Schumer (D-NY) at the Port of Oswego
Bethany Palmer/WRVO

The Port of Oswego could be in line for some business-boosting help from the federal government. Sen. Charles Schumer is hoping to use his clout to get some help to keep the port growing.

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5:01am

Tue February 19, 2013
The Upstate Economy

Cuomo wants to shift some IDA powers to his regional councils

In Gov. Andrew Cuomo’s proposed budget, the state’s Industrial Development Agencies, or IDAs, would no longer be able to grant state sales tax exemptions for economic development projects. Instead, that authority will go to Cuomo's Regional Economic Development Councils.

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8:50am

Fri February 15, 2013
The Upstate Economy

Report says more collaboration needed in upstate revitalization

More collaboration is needed between the several efforts under way to revitalize upstate New York's "legacy cities," says a report released this week by a public affairs institute.

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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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