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.
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.
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.
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.
A MEADS missile system on display at a trade show.
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.