The Upstate Economy

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10:06am

Fri August 3, 2012
The Upstate Economy

Fiber optic company plans expansion in Albany

Credit Marie Cusick/Innovation Trail

A telecommunications company that builds fiber optic networks throughout the Northeast is expanding its headquarters in Albany, despite offers to relocate out-of-state.

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4:31pm

Tue July 31, 2012
The Upstate Economy

Vets head back to bootcamp, this time to learn entrepreneurship

Credit Institute for Veterans with Military Families

Popping the occasional Tylenol and drinking plenty of Red Bull are how Tom Voss and David Kendrick get through the long days at the Entrepreneurship Bootcamp for Veterans with Disabilities (EBV).

Voss, 28, from Wuawatosa, Wis. and Kendrick, 25, from Rochester, are both Army veterans hoping to start their own businesses.

For eight days at Syracuse University's Institute for Veterans and Military Families (IVMF), Voss, Kendrick and 25 other veterans spend 14 hours a day in classes learning how to be entrepreneurs.

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9:31am

Fri July 27, 2012
The Upstate Economy

Not your traditional summer camp: one for entrepreneurship

Credit Ryan Delaney / WRVO

Repetition is the name of the game to turn high schoolers into good entrepreneurs.

All this week, high school students taking part in an entrepreneurship boot camp at the South Side Innovation Center (SSIC) in Syracuse have been forced to practice pitching business ideas and cold-calling clients over-and-over.

"The practical piece is really key," says El-Java Abdul-Qadir, and instructor at SSIC.

This is the first year of the boot camp and twenty kids are taking part, but organizers are hoping it will get bigger next summer.

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7:32am

Thu July 19, 2012
The Upstate Economy

Sensor startup senses golden opportunity

Credit Courtesy photo / Sensorcon

Are we on the verge of a “sensor revolution?”

Sensorcon hopes so. The Buffalo-based tech startup envisions a world where the average person is empowered with a small device that reads temperature, carbon monoxide levels, dew point and more.

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7:45am

Tue July 17, 2012
Startups

Drawing up their business was harder than they thought

Four years ago, Erick Cleckner was sitting next to his friend, Dave Chenell, in a class at Syracuse University. But they weren't exactly paying attention.

"[We were] just drawing in our notebooks instead of taking notes," remembers Cleckner. "And we were arguing about whose drawing would win a fight."

Their debate about whose character would triumph didn't end when class was dismissed. Cleckner and Chenell started working on a digital battlefield where their sketches could actually engage in battle.

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8:06am

Tue July 10, 2012
The Upstate Economy

Syracuse OK's 30-year tax break for university bookstore

Credit Cameron Group, LLC.

Those for it say it has little resemblance to Destiny USA other than the length of the tax break. But those in opposition disagree strongly.

Months of debate about Syracuse's development strategy and negotiations culminated Monday with the city granting just its second-ever 30-year property tax exemption.

The recipient is a developer who will build a mixed-use off-campus bookstore and fitness center for Syracuse University. The property in question is a long sliver of land currently owned by the nonprofit university, so it's not taxable.

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7:10am

Fri July 6, 2012
The Upstate Economy

Did Destiny USA ruin it for other developers in Syracuse?

There's an old promotional video the developer behind the Destiny USA megamall released several years ago. It includes images of glass-enclosed golf courses, huge hotels and helicopter tours of upstate taking off from Syracuse's Inner Harbor.

Despite ending by promising "grand opening, summer 2004," you won't see any of that on the shores of Onondaga Lake today.

All you'll see is an even bigger mall - despite developer Robert Congel winning a 30-year property tax break worth about $600 million as an incentive from the city to build the Disney Land-like attraction.

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9:19am

Thu July 5, 2012
The Upstate Economy

GE unveils new battery plant

General Electric is getting ready to unveil a new battery manufacturing plant in the very same place where the company got its start.

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8:03am

Tue June 26, 2012
The Upstate Economy

New York's craft breweries bubble on thanks to tax credit deal

Nick Matt ducks into side doors and up staircases while rattling off the history of the F.X. Matt Brewery in Utica.

The brew house is like a second home to Matt because it was his grandfather, F.X., who first opened the brewery 124 years ago.

If you're racking your brain to see if you've ever heard of F.X. Matt Brewery, try this: they make Saranac ales and lagers. For the older generations, does Utica Club ring a bell?

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3:46pm

Thu June 14, 2012
The Upstate Economy

New nonprofit venture fund aims to boost Rochester area businesses

Credit Zack Seward/Innovation Trail

The brand new Venture Jobs Foundation is just like any other charity.

"This one just happens to be providing early stage capital," says Denny DeLeo, the foundation's president and director.

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2:10pm

Thu June 14, 2012
The Upstate Economy

Can two Ithaca lawyers keep fracking out of New York state?

Credit Matt Richmond/Innovation Trail

The fate of hydraulic fracturing in New York is still being determined by state regulators.

But that doesn’t mean municipalities aren’t taking action.

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10:16am

Thu June 14, 2012
Development

After Destiny USA debacle, Inner Harbor plans face a wary council

(CORRECTION June 18th, 2 p.m.: The original version of this story incorrectly stated the estimated cost of environmental cleanup. That amount is roughly $12 million.)

The topic was the redevelopment of Syracuse's Inner Harbor, but it didn't take long for a councilor to bring up the elephant in the chamber: the failed expansion of Destiny USA.

But Steven Aiello, president of COR Development, didn't have much choice on the timing of his meeting with the Syracuse Common Council.

It was just last week that grand plans by the developer of Destiny USA were finally laid to rest.

Aiello isn't looking to build a mall, but councilors couldn't help but raise concerns. The proposed project is just down the road from what was once going to be Syracuse's Disney World.

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2:49pm

Tue June 12, 2012
Entrepreneurship

Young entrepreneurs: Out of the dorm room and into the incubator

Credit Ryan Delaney / WRVO

Ariel Norling, 20, is from San Antonio, Texas. She has a lip ring and a spunky attitude to match. She majored in policy studies at Syracuse University.

Oh, and she's the CEO of her own online dating site called YouShouldDate.me. Tagline: "Online dating sucks, but it doesn't have to."

"We're trying to find the middle ground between 'casual whatever,' which generally just means people hooking up, and marriage," says Norling, describing her site.

She says she didn't really expect to become an entrepreneur - hence the social sciences degree. But last fall, after some convincing by a friend, Norling decided to pitch her idea at a local startup weekend.

The pitch worked. Folks liked it. And now she's spending the summer in Syracuse along with her two business partners in a startup incubator called the Student Sandbox.

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2:15pm

Tue June 5, 2012
Startups

Student entrepreneurs spending summer in Syracuse "Sandbox"

Instead of painting houses or mowing lawns, a group of college students in Syracuse is spending the summer launching companies.

The Student Sandbox incubator just got underway at the Syracuse Tech Garden. And participation is ballooning.

When the program started four years ago, just five teams took part. This year, there are 34 teams. The Tech Garden had to find overflow space to fit everybody.

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