The Upstate Economy

4:36pm

Thu January 26, 2012
The Upstate Economy

IT company will keep offices in Syracuse thanks to tax break

An IT company will keep its local offices in Syracuse and create more jobs thanks to a state tax break.

The Empire State Development Corporation is giving ShoreGroup $3 million in tax credits over the next 5 years to expand its footprint and job force in Syracuse.

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5:36pm

Mon January 23, 2012
The Upstate Economy

Schumer continues push for Syracuse-area chipmaker

Sen. Charles Schumer holds up a bag of Syracuse-made Terrell's Potato Chips, and a prototype of a nano chip made by APIC, to illustrate the difference between the "chips."
Ryan Delaney WRVO

Sen. Charles Schumer is continuing his efforts to land a chip fabrication plant in central New York. Monday he visited a potential site, just north of Syracuse, with the CEO of chipmaker APIC.

A chip fabrication plant at Electronics Park in Salina isn’t a done deal, but Sen. Schumer said it’s just a matter of all the pieces coming together at a press conference Monday. The biggest hurdle is APIC first signing a contract with the US Navy.

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2:06pm

Fri January 20, 2012
The Upstate Economy

Rochester after Kodak

With Kodak embarking on a restructuring effort under Chapter 11 bankruptcy protection, the future of the imaging icon remains unclear.

But one aspect of Kodak's legacy is already deeply imprinted onto the Rochester community.

Even as Rochester's most famous company struggled mightily to reinvent itself, the Rochester region steadily fought back - leading the state in job growth in recent years and outpacing its upstate peers in economic vitality.

One key reason: A long history of top-notch human capital flung into the community - willingly or not - as Kodak's fortunes withered.

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9:16am

Mon January 16, 2012
The Upstate Economy

Syracuse landing a chip fab hinges on Defense contract

Sen. Charles Schumer is using some political muscle to try and land central New York a high-tech chip maker. But the deal is contingent on the company first getting a contract from a spending-conscious Defense Department.

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7:11am

Mon January 16, 2012
The Upstate Economy

New York hopes to quadruple solar power usage

Governor Andrew Cuomo is proposing that New York State quadruple the amount of solar energy it uses for power in the next year.  

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7:55am

Mon December 26, 2011
The Upstate Economy

Small business center hopes to help struggling community

A new small business incubator is now open for business in the city of Fulton. Officials say entrepreneurship is the key to job creation in a community that’s lost thousands of good-paying jobs.

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7:54am

Wed December 14, 2011
The Upstate Economy

Making the business case for "doing good"

Liz Brenna, founder of Socially Good Business. Brenna helps existing companies bolster their image by undertaking "corporate social responsibility" initiatives.
Zack Seward/WXXI

From toilet paper to soda pop, more and more companies are testing whether "doing good" can be good for the bottom line.

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7:44am

Fri November 25, 2011
The Upstate Economy

Holiday shoppers encouraged to buy local

Keeping your holiday shopping dollars local can also boost the economy of Central New York.  That's one reason Syracuse First founder Chris Fowler is encouraging shoppers to consider buying local as they head out to stores this holiday season.  

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11:19am

Mon November 21, 2011
The Upstate Economy

Expansion coming at Central New York brewery

The Anheuser-Busch Brewery in Baldwinsville will begin packaging products in 24-ounce cans starting next spring.  A$7.6 million investment in the brewery is also going to allow the plant to increase its production by 30% as well.  All this secures the long term future of the brewery in Central New York according to general manager Steve McCormick.   He says this recent expansion, that was precipitated by a $900,000  capital grant from New York State,  also means more announcements will be coming next year.

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9:47am

Wed November 16, 2011
The Upstate Economy

Sen. Gillibrand pushing "Upstate Works Act" in Senate

New York Senator Kirsten Gillibrand announced Tuesday that a package of measures to create jobs in upstate New York is now in the Senate Finance Committee.  The legislation would do five things: spur clean energy businesses, help farmers diversify their products, retrain workers for specific local manufacturer needs, invest in infrastructure and expand rural broadband access.

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8:44am

Mon November 14, 2011
The Upstate Economy

Destiny USA addition tease

You won't see many fully functioning stores as you walk into the addition from an entrance next to the Disney store. ..but you will get a taste of what destiny u-s-a is going to look like.  And the broad boulevard look underneath exposed steel beams doesn't appeal to everyone.

"it reminds my of New York City,  going through the bus station.  Port Authority,  that's what it reminds me of.  Said Sophie Lafontaine of Syracuse.

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1:11pm

Fri November 11, 2011
The Upstate Economy

David Aitken on The Campbell Conversations

David Aitken

The expansion of Syracuse’s Carousel Center Mall—the first stage of the grander and still-planned project called Destiny USA—seems to be getting some traction of late.  Parts of the expansion will be open later this month.  David Aitken, a Destiny executive and spokesperson, discusses the expansion and the future plans for the project, and reflects on why the Destiny project has been such a political and economic lightning rod for the region’s residents and the media.  He also discusses the exterior appearance of the expansion and the possible tensions—and synergy—between this project and t

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