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

Schumer wants to eliminate Chinese semiconductor chips from all U.S. supply chains
DeWITT, N.Y. — U.S. Senate Majority Leader Charles Schumer (D–N.Y.) on Tuesday said he wants to limit the use of semiconductor chips made in China,

Berkshire Bank parent starts search for new CFO
BOSTON — Berkshire Hills Bancorp, Inc. (NYSE: BHLB), parent company of Berkshire Bank, has launched a search for a new chief financial officer after CFO

City of Syracuse awards $2 million in ARPA fund grants to city businesses
SYRACUSE, N.Y. — Syracuse Mayor Ben Walsh has announced 43 grants for city businesses and organizations funded by the American Rescue Plan Act (ARPA) Commercial

Pinnacle Investments names chief compliance officer
SYRACUSE, N.Y. — Pinnacle Investments, a financial-services firm headquartered in Syracuse, announced it has promoted Monica Coles to chief compliance officer. Prior to joining Pinnacle

White House Infrastructure Coordinator Landrieu hears details about I-81 project in Syracuse visit
SYRACUSE, N.Y. — Area officials with a stake in the upcoming Interstate 81 viaduct-replacement project shared details with Mitch Landrieu, infrastructure coordinator at the White

People news: Herkimer College appoints Whittaker as staff accountant
HERKIMER, N.Y. — Herkimer County Community College announced it has appointed Julie Whittaker to the position of staff accountant – payroll. Whittaker brings experience from

Federal, state laws provide incentives for Micron to build chip plant in Clay
CLAY, N.Y. — State and federal officials, along with the leadership at Micron Technologies Inc. (NASDAQ: MU), point to the federal CHIPS and Science Act and New York’s Green CHIPS program as legislation that provided the incentives for Micron to choose Central New York for a semiconductor manufacturing facility. Without the CHIPS and Science Act,

Consumer debt increases as pandemic winds down
New York has the fourth highest houshold debt in the nation, with average debt climbing to $53,830 at the end of 2021, according to a recent report by New York State Comptroller Thomas P. DiNapoli. National household debt totaled $15.6 trillion with New York households accounting for $869.4 billion, or 5.6 percent, of that. That places the Empire
VIEWPOINT: NYS Announces Minimum-Wage Rise for Upstate Employers
Effective Dec. 31, 2022, the minimum wage in upstate New York (i.e., every part of the state except New York City, Nassau, Suffolk, and Westchester counties) will increase from $13.20 to $14.20 per hour. The New York State Department of Labor recently announced this one-dollar rise — a more than 7.5 percent increase. The minimum wage

Utica CPA named director as chapter rep for NYSSCPA board
UTICA, N.Y. — A CPA at a Utica accounting firm has been named a director as chapter representative for the New York State Society of Certified Public Accountants (NYSSCPA) board of directors for 2022-23. William Ryan III, a CPA at Fitzgerald, DePietro & Wojnas CPAs, P.C. in Utica, represents the Utica chapter for the NYSSCPA
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.