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

Owego awarded federal funding for flood-damaged road, culvert repairs
OWEGO, N.Y. — The Town of Owego will use more than $1 million in federal funding to repair roads and culverts damaged from severe flooding

Baldwinsville-area brewery to benefit from Anheuser-Busch’s planned $1 billion in plant investments
LYSANDER, N.Y. — Its plant on Route 31 in the town of Lysander will benefit as Anheuser-Busch, the largest brewer in the U.S., plans to

Lockheed Martin Owego awarded $64 million Air Force contract
OWEGO, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) Owego plant has been awarded a nearly $64.3 million supply contract for F-16 foreign military sales mission planning. This eight-year contract provides for the development, integration, test, and delivery of the Joint Mission Planning System Unique Planning Component/Mission Planning Environment software updates, according to a Jan. 29
Lockheed Martin to pay first-quarter dividend in late March
Lockheed Martin Corp. (NYSE: LMT) recently announced that its board of directors has authorized a first-quarter 2021 dividend of $2.60 per share. The dividend is payable on March 26, to shareholders of record as of the close of business on March 1. At Lockheed’s current stock price, the dividend yields nearly 3.2 percent on an
New York egg production edges up in December
New York farms produced 150.5 million eggs in December, up 0.2 percent from 150.2 million eggs in the year-ago period, the USDA’s National Agricultural Statistics Service (NASS) recently reported. The number of layers in the Empire State averaged nearly 5.86 million in December, up 1.4 percent from 5.78 million layers a year prior. December egg

Cree awards scholarships to SUNY Poly students
MARCY, N.Y. — Cree, Inc. (NASDAQ: CREE) has awarded 11 students at SUNY Polytechnic Institute (SUNY Poly) education funding as part of the newly established, merit-based “Cree/Wolfspeed Scholarship” program. The first group of recipients shared a total of $46,000. The commitment from Cree is part of a $2 million scholarship program over 10 years. Scholarship

People news: SRCTec appoints Palmer as director of quality
CICERO, N.Y. — SRCTec, LLC announced it has named Michelle Palmer its director of quality. In this position, Palmer will be responsible for process assurance

FRANKFORT, N.Y. — Genesis Disposables LLC of Frankfort will use a $400,000 state grant as it pursues a larger facility to produce gowns that are

People news: SRC names Johnson director of test engineering
CICERO, N.Y. — SRC Inc. announced it has promoted James Johnson to director of test engineering. In this role, Johnson will lead a team focused

MVHS holds ceremony for final beam placement in upcoming hospital in downtown Utica
UTICA, N.Y. — The Mohawk Valley Health System (MVHS) on Tuesday held a ceremony to place the final beam on the upcoming downtown Utica hospital
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.