Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

Utica’s thINCubator formally opens new, larger location
UTICA, N.Y. — Utica’s thINCubator on Monday formally opened its new 8,500-square-foot space at 326 Broad St. The new space is located across Bagg’s Square

Onondaga Tower gets Barclay Damon signage
SYRACUSE, N.Y. — The building at 125 E. Jefferson St. in Syracuse now bears the name of the Barclay Damon, LLP law firm on

MVHS selects firms to handle appraisals of downtown properties impacted by hospital project
UTICA, N.Y. — The Mohawk Valley Health System (MVHS) has selected three companies to begin the appraisals of the downtown properties that the new hospital

Cuomo: CNY, Southern Tier communities to use state grants for water-improvement project
Syracuse and neighboring communities across Central New York will use more than $14 million in grants for 12 municipal-water infrastructure projects in the five-county area.

North Country communities to use $30 million in state grants for water-improvement projects
Communities in Jefferson, Lewis, and St. Lawrence counties will use a total of nearly $30 million in state-grant funding for water-infrastructure projects. The 18 grants

Smith Market wins $25,000 prize in Community Foundation’s Impact Opportunity Challenge
UTICA, N.Y. — The Community Foundation of Herkimer & Oneida Counties, Inc. has selected Smith Market as the winner of its $25,000 Impact Opportunity Challenge.

Exelon’s acquisition of FitzPatrick nuclear-power plant to close in 2017
SCRIBA — Exelon Generation’s (NYSE: EXC) acquisition of the James A. FitzPatrick nuclear-power plant in Scriba should close in the second quarter of 2017. Under the deal totaling $110 million, New Orleans, Louisiana–based Entergy would transfer FitzPatrick’s operating license to Chicago, Illinois–based Exelon, according to a joint news release that Entergy issued Aug. 9. Exelon

New York is investing $5 million to help create hub for upstate drone industry
New York will make an “initial” $5 million investment to help ongoing efforts to create a hub for unmanned-aerial system (UAS) “innovation” and manufacturing in upstate New York. The funding seeks to “support and grow the emerging” UAS industry in the upstate region, the office of Gov. Andrew Cuomo announced Aug. 2. Unmanned-aerial systems are
The business unit of Lockheed Martin Corp. (NYSE: LMT) that operates locations in Salina and Owego will have a new name in early September. The unit, which is currently called mission systems and training, will soon become Lockheed Martin’s rotary and mission systems (RMS) business area, the Bethesda, Maryland–based defense contractor said in a news

NICOLE CARFI has joined Beardsley Architects + Engineers as intern civil engineer. She is a recent graduate of Clarkson University with an EIT degree and is LEED-certified. At Beardsley, Carfi is currently working on site-improvement projects for the New York State Office of Parks, Recreation and Historic Preservation. Contact The Business Journal News Network at news@cnybj.com
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.