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

Herkimer County IDA hosts meeting to share food-processing study findings
HERKIMER, N.Y. — The Herkimer County Industrial Development Agency, in partnership with New York-based food systems consultant KK&P, will soon discuss the findings from a

Utica unveils signs for its prosperity initiative projects
UTICA, N.Y. — Utica Mayor Robert Palmieri recently gave an update on the city’s Utica Prosperity Initiative projects. The city developed the initiative after soliciting

Grow-NY business competition seeks applicants for fourth round
ALBANY, N.Y. — The Grow-NY food and agriculture competition is accepting applications for the fourth round of the business contest. The initiative seeks to connect

New York manufacturing index plummets back into negative territory in May
The Empire State Manufacturing Survey general business-conditions index plunged 36 points to -11.6, pointing to contraction in manufacturing activity. The index — the monthly gauge

Greater Binghamton Chamber honors five for business and community leadership
BINGHAMTON, N.Y. — The Greater Binghamton Chamber of Commerce held its 58th annual dinner last Thursday, May 12 at the DoubleTree by Hilton Binghamton and

South Korean firm to buy Bristol Myers Squibb manufacturing facility in DeWitt
DeWITT, N.Y. — Bristol Myers Squibb Co. (NYSE: BMY) and LOTTE Corporation of Seoul, South Korea on Friday announced that LOTTE has agreed to purchase

Buffalo private-equity firm acquires ICM Controls
CICERO, N.Y. — ICM Controls, Inc. of Cicero and its affiliates are now under the ownership of Lorraine Capital, LLC, a Buffalo–based private-equity firm. ICM Controls is a manufacturer of electronic control products. ICM, which has about 300 employees, is based in Cicero at 7313 William Barry Blvd., off East Taft Road. Lorraine Capital acquired

Port of Oswego opens grain-testing lab
OSWEGO, N.Y. — The Port of Oswego Authority (POA) has opened its grain-testing lab, which is part of the new $15 million grain-export center. The
New York’s utlized production of apples fell 4 percent in 2021
ALBANY, N.Y. — New York’s utilized production of apples totaled 1.33 billion pounds in 2021, down 4 percent from 2020 as heavy rains in September probably hindered the fresh harvest, per a recent government report. That may have contributed to a lower yield and an increase in the amount of apples allocated to processing, according

Lockheed Martin’s Syracuse–area plant secures Navy contract modification
SALINA , N.Y.— Lockheed Martin Corp.’s (NYSE: LMT) plant in suburban Syracuse was recently awarded an almost $10.6 million cost-plus-incentive-fee modification to a previously awarded delivery order from the U.S. Navy. It’s a modification to an indefinite-delivery/indefinite-quantity contract for design, prototyping, and qualification testing of submarine electronic-warfare equipment, according to a May 3 contract announcement
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.