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Wolfspeed signs $750M preliminary funding agreement under CHIPS & Science Law
MARCY, N.Y. — Wolfspeed (NYSE: WOLF), which operates a chip fab in Marcy, has signed a non-binding preliminary memorandum of terms (PMT) for up to
Pathfinder Bancorp sells insurance subsidiary to Hudson Valley company
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC) says it has sold the assets of its subsidiary FitzGibbons Agency LLC, to Marshall + Sterling Enterprises, Inc., an insurance broker headquartered in Poughkeepsie. Through its subsidiary, Pathfinder Risk Management Company, Inc., Pathfinder owns a 51 percent interest in the Oswego–based FitzGibbons Agency, a third-generation independent insurance
Empire State manufacturing survey plunges into negative territory in October
The Empire State Manufacturing Survey general business-conditions index plummeted 23 points to -11.9 in October, pointing to current contraction in the state’s manufacturing industry. The
NSF grant connects SUNY Oswego School of Business, faculty at similar universities
OSWEGO, N.Y. — SUNY Oswego says a grant from the U.S. National Science Foundation will help collaborations between its School of Business and College of
CNY regional jobless rates rise in August versus a year ago
Unemployment rates in the Syracuse, Utica–Rome, Watertown–Fort Drum, Binghamton, Ithaca, and Elmira areas all rose in August compared to a year ago, pointing to slowing labor markets across the broader 16-county Central New York region. The figures are part of the latest New York State Department of Labor (NYSDOL) data released on Sept. 24. Regional
New York governor launches first phase of Empire AI
BUFFALO, N.Y. — Gov. Kathy Hochul of Friday announced that New York’s “first-in-the-nation,” Empire AI consortium will begin research this fall. “New York is writing
Syracuse mayor appoints intergovernmental affairs coordinator
SYRACUSE, N.Y. — Syracuse Mayor Ben Walsh has recently announced the appointment of Josephine Galdamez to intergovernmental affairs coordinator. She supports the city’s work with government partners at the local, state, and federal level, coordinates legislative and funding requests, and oversees multiple neighborhood, community, and intergovernmental initiatives. Prior to joining the City of Syracuse, Galdamez
MACNY, PEB observe MFG Day with education tours at local plants
DeWITT, N.Y. — School students who toured Worthington Steel in Rome on Oct. 3 saw the entire process of making steel coils from raw material
Ithaca firm among the finalists in 43North startup competition in Buffalo
BUFFALO, N.Y. — 8B Education Investments of Ithaca is among the eight finalists in this year’s 43North startup competition in Buffalo. 8B Education Investments is a fintech platform enabling campuses to meet their revenue and enrollment goals “by tackling the $50 billion gap in education financing facing African students going to study in the U.S.,”
MVCC appoints VP for student affairs
UTICA, N.Y. — Mohawk Valley Community College (MVCC) has announced Karey Pine as the new VP for student affairs. In her new role, Pine will lead student-support services, serve on the president’s cabinet, and provide strategic recommendations on policies and initiatives to further the college’s mission of student success and community engagement. She was confirmed
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