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

New York manufacturing index slips 15 points in October
Still indicates solid sector growth The Empire State Manufacturing Survey general business-conditions index fell 15 points to 19.8 in October, “pointing to a slower pace of growth than last month.” The index — the monthly gauge of New York’s manufacturing sector — missed economists’ expectation of a reading of 25, according to a survey […]

NYSDOT seeking firms interested in contract to begin first phase of I-81 project in Syracuse
The first contract is related to the conversion of the section of I-81 between the southern I-81/I-481 interchange (16A) and the northern I-81/I-481 interchange (29) to

Corn production in New York is expected to have risen 6 percent this year
New York farms are forecast to have produced 83.5 million bushels of corn for grain this year, up 6 percent from 2020. That’s according to

Tessy Plastics to acquire Xerox Holdings property in Monroe County
SKANEATELES, N.Y. — Tessy Plastics Corp. plans to purchase a property with three buildings that Xerox Holdings Corporation previously owned in Webster in Monroe County.

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