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Wolfspeed announces Chapter 11 bankruptcy plans
DURHAM, N.C. and MARCY, N.Y. — Wolfspeed, Inc. (NYSE: WOLF), which operates a facility in Marcy, announced plans to file for pre-packaged Chapter 11 bankruptcy
Brockway-Carpenter Real Estate formally opens new Utica office
UTICA, N.Y. — Brockway-Carpenter Real Estate is celebrating its new office at 288 Genesee Street with a ribbon-cutting ceremony on Thursday, June 26. The office is located on the second floor of the building. According to an announcement from the Greater Utica Chamber of Commerce, the formal opening event will take place from 4-6 p.m.
International Wire Group to acquire Pennsylvania copper company
CAMDEN, N.Y. — International Wire Group (IWG), a member of the Olympus Partners and Atlas Holdings portfolio, entered into a purchase agreement to acquire Hussey Copper of Leetsdale, Penn. “This acquisition represents our steadfast commitment to broadening our presence in the electrical infrastructure ecosystem,” IWG CEO Gregory Smith said in a press release announcing the
Cornell University launching layoffs, citing “profound financial challenges”
ITHACA, N.Y. — Cornell University says it’s facing “profound financial challenges” and is taking several steps that will “reduce Cornell’s workforce,” something the university calls
Semikron Danfoss announces Marcy downsizing initiative
MARCY, N.Y. — Semikron Danfoss plans to ramp-down production at its facility in Marcy as part of a controlled scale-down over the remainder of the
Cayuga Milk Ingredients formally opens $270M expansion near Auburn
AURELIUS, N.Y. — Cayuga Milk Ingredients (CMI) on Wednesday formally opened its $270 million expansion following a two-phase project in the town of Aurelius in Cayuga County, near Auburn. The new facility will allow the company to more than double its workforce, adding up to 150 new jobs to the existing workforce of 100 employees,
Air Force’s Rome Lab generated nearly $600 million economic impact in latest fiscal year
ROME, N.Y. — The Air Force Research Laboratory Information Directorate in Rome had a $599 million economic impact on the Utica-Rome and Syracuse metropolitan statistical
MACNY Talent Development Awards honor contributions to workforce excellence
SYRACUSE, N.Y. — MACNY, The Manufacturers Association celebrated its 2025 Talent Development Awards on Monday, June 16 at The Milton J. Rubenstein Museum of Science and Technology (The MOST). MACNY co-hosted the event, which celebrated students, educators, and employers in the region, with Partners for Education & Business, Inc. (PEB). “This celebration reflects the strength
New York manufacturing activity declines for a fourth straight month in June
The Empire State Manufacturing Survey general business conditions index fell to -16.0 in June, with business activity in the sector declining for a fourth consecutive month. In the past few months, the index dipped to -9.2 in May after rising 12 points but remaining below zero at -8.1 in April. The index fell 26 points
Raymond celebrates youth apprenticeship graduates
GREENE, N.Y. — The Raymond Corporation’s Youth Apprenticeship Program recently celebrated five graduates from the program, which offers high-school juniors and seniors a hands-on learning experience. In collaboration with Broome-Tioga Boards of Cooperative Educational Services (BOCES), students spend two years at Raymond’s headquarters and expand their knowledge in fields including engineering, finance, and manufacturing while
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