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

City of Syracuse, developer break ground on upcoming housing, retail project
SYRACUSE, N.Y. — Work is beginning on a new mixed-use development on Syracuse’s East side that’s located within walking distance of Syracuse University. Officials broke ground on the project, known as The Rosie, on Tuesday afternoon at 1301 E. Genesee St. in Syracuse. The Michaels organization of Camden, New Jersey joined the City of Syracuse […]

Canandaigua National Bank & Trust, which plans to expand to Syracuse area, announces rebrand
CANANDAIGUA, N.Y. — Canandaigua National Bank & Trust, which has plans to expand into the Syracuse area later this year, on Monday said it is

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

EBRI: retirees feeling better about retirement prospects
More than three-fourths of retirees (78 percent) are reporting a positive outlook for retirement, with those respondents confident they will have enough money to live comfortably throughout retirement. Confidence among retirees increased from 74 percent last year. That’s according to the 35th annual Retirement Confidence Survey, which was published on April 24. The Retirement Confidence

Mohawk Valley organizations receive donated blood-pressure kiosks
UTICA, N.Y. — The American Heart Association (AHA) and the Ronald and Sheila Cuccaro Family Fund have unveiled a blood-pressure kiosk at The Center, located

Colgate launches lower campus project in major expansion
HAMILTON, N.Y. — Colgate University announced it will create a cohesive Lower Campus along Broad Street as part of the most significant campus expansion in its history, Colgate launched its comprehensive “Third-Century Plan” in 2019, flagging the completion of the Residential Commons system and the Lower Campus as initial priorities. First-year and second-year students currently

State pension fund commits $2.4 billion more for sustainable investments
ALBANY, N.Y. — The New York State Common Retirement Fund (Fund) has committed an additional $2.4 billion to three funds as part of its Sustainable Investments and Climate Solutions (SICS) program. To date, the Fund has deployed more than $26.5 billion toward its goal of $40 billion, to specific investment opportunities in the SICS program,

Financial-wellness programs are a valuble employee benefit
Financial wellness can be an overlooked part of overall wellness and is a benefit area employers might not think about adding to their portfolio. However, one area expert says, the benefits can be far reaching. The National Fund for Workforce Solutions defines financial wellness as having control over day-to-day and month-to-month finances, having the ability

Five Star Bank parent company to pay Q2 dividend of 31 cents in early July
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, announced that its board of directors has recently approved a quarterly cash dividend of 31 cents per share of its common stock outstanding. Financial Institutions will pay the second-quarter dividend on July 2, to shareholders of record as of June 13.

VIEWPOINT: Colleges Face Federal Requirement To Contact Students About Loan Debt
On May 5, 2025, the U.S. Department of Education (ED) released a “Request for Institutions to Provide Repayment Information to Former Students to Prevent Defaults” (GEN-25-19). Noting that “only 38 percent of Direct Loan and Department-held Federal Family Education Loan Program borrowers are in repayment and current on their student loans,” ED estimates that “almost
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.