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

Oakdale Commons project wins up to $18M in state funding for next two phases
JOHNSON CITY — The effort to renovate the former Oakdale Mall into a mixed-use development in Johnson City is getting a boost from the state. The New York State government is providing up to $18 million for the next two phases of the project, the office of Gov. Kathy Hochul announced on Aug. 12. Now […]

Second phase of Adirondack Rail Trail opens for use
SARANAC LAKE, N.Y. — The second phase of the Adirondack Rail Trail from Saranac Lake to Floodwood Road is complete and open ahead of schedule,

Wolfspeed plans to move device production to Marcy location, closing plant on Durham campus
MARCY, N.Y. — Wolfspeed, Inc. (NYSE: WOLF), which operates a silicon carbide device-manufacturing facility in Marcy, plans to shift its device fabrication to its 200mm Mohawk Valley Fab and close its device fab in Durham, North Carolina where the firm is headquartered. Gregg Lowe, CEO of Wolfspeed, made the announcement as the company released its

N.Y. communities can pursue $200M available in DRI, NY Forward programs
ALBANY — Two of New York’s downtown-revitalization and economic-development programs have $200 million in funding available for those communities interested in pursuing grant money for local improvements. The dollar amounts include $100 million each for the eighth round of the Downtown Revitalization Initiative (DRI) and the third round of the NY Forward program, which focuses

Federal dollars to help fund projects at several upstate airports, lawmakers say
Federal-grant awards will help airports across upstate New York, including those serving Syracuse and areas of the North Country, finance projects focused on safety and facility improvement. The nine airports will use more than $5.2 million in federal funding to support airport-safety and infrastructure-improvement projects, U.S. Senate Majority Leader Charles Schumer (D–N.Y.) and U.S. Senator

I-81-related construction work to affect East Seneca Turnpike, Airport Boulevard
SYRACUSE, N.Y. — The New York State Department of Transportation (NYSDOT) says it has construction work planned on East Seneca Turnpike this weekend (starting Aug.

Broome County IDA releases environmental draft, plans public hearing for proposed tech park
BINGHAMTON, N.Y. — The Broome County Industrial Development Agency (IDA) will hold a public hearing next month, following the release of the draft scoping document

Oneida Indian Nation breaks ground on $50 million expansion of Point Place Casino
SULLIVAN, N.Y. — The Oneida Indian Nation plans a more than $50 million expansion at Point Place Casino in the Bridgeport area of town of Sullivan in Madison County. Local elected officials, community leaders, partners in the building trades, and casino employees on Tuesday gathered at the casino for a formal groundbreaking ceremony. The Oneida

CLAYTON, N.Y. — Gov. Kathy Hochul and the Thousand Islands Land Trust (TILT) recently announced the acquisition of nearly 1,000 acres in Jefferson County through 17 projects focused on protecting the region’s drinking-water sources. The partnership will have “lasting impacts” on the water quality and habitats of the St. Lawrence River and Lake Ontario, Hochul’s

LYONS FALLS, N.Y. — The Lewis County Development Corporation, administered by Naturally Lewis, Inc., and Lewis County have partnered to request expressions of interest for
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