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

State awards funding to airports in CNY, North Country, Southern Tier
Some smaller airports in Central New York, North Country, and Southern Tier will benefit from state funding for infrastructure improvements. New York State has awarded

U.S. Army awards Lockheed Martin nearly $9.7M contract work on system for tactical vehicles
SALINA, N.Y. — The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a nearly $9.7 million contract to continue development of the terrestrial layer system

Comptroller says ESD “failed to fully evaluate” nearly $2 billion in economic-development programs
ALBANY, N.Y. — Empire State Development (ESD) has “failed to fully evaluate” most of its programs to determine if they are boosting the state’s economy

Regional companies among finalists in FuzeHub’s annual commercialization competition
ALBANY, N.Y. — Businesses from Syracuse, Cazenovia, Binghamton, Hamilton, and Potsdam are among the finalists in FuzeHub’s 2021 commercialization competition. The event is set for

SRC wins $14.5 million Air Force contract for MDACE technology
CICERO, N.Y. — SRC, Inc. has been recently awarded a nearly $14.5 million contract from the U.S. Air Force for Multi-Domain Agile Condor Enhancements (MDACE) software prototype/hardware. SRC is a nonprofit corporation headquartered in Cicero that focuses on areas that include defense, environment, and intelligence. The cost-plus-fixed-fee contract provides for the research and development of

USDA launches $100M loan-guarantee program to expand meat and poultry processing capacity
The United States Department of Agriculture (USDA) on Oct. 4 announced that the department is planning for another $100 million in funding from the American Rescue Plan Act. The money would leverage hundreds of millions more in lending through community and private-sector lenders to expand meat and poultry processing capacity and finance other food supply-chain

The company that’s building its $1 billion Mohawk Valley Fab near Utica is now operating under a new name. Durham, North Carolina–based Cree Inc. has changed its name to Wolfspeed, Inc. (NYSE: WOLF). The renamed firm specializes in silicon-carbide technology and production. The Mohawk Valley Fab — which is under construction at the Marcy Nanocenter on the

HealthWay hopes private-equity firm can help it reach the next level
PULASKI — HealthWay president Vinny Lobdell, Jr. believes that the time was right to find a partner that could help his company “reach the next level.” “AE Industrial has the industry and operational expertise, and deep relationships needed to build a premier global air purification technology solutions platform,” Lobdell said. He’s referring to private-equity firm

Dannible to hold manufacturing conference virtually on Oct. 21
SYRACUSE — Syracuse–based accounting firm Dannible & McKee, LLP is set to host its annual manufacturing conference as a virtual event on Oct. 21 from 8:30 a.m. to 12 p.m. Described as an “industry-focused” conference, it will include presentations on the latest industry trends and economic outlook, concepts and techniques for effective budgeting and planning,

The Syracuse news release explained that “as the COVID-19 pandemic has demonstrated anew, indoor spaces are crucial to the health, comfort and productivity of occupants.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.