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

MACNY wins $6 million federal grant for advanced-manufacturing apprenticeships
DeWITT, N.Y. — MACNY, the Manufacturers Association will use a $6 million federal grant to expand registered apprenticeships for advanced-manufacturing jobs, including those in the semiconductor industry. The U.S. Department of Labor awarded the funding, the office of U.S. Senate Majority Leader Chuck Schumer (D–N.Y.) announced. The new program is expected to help more than […]

HUD awards $50 million to help redevelop Syracuse public housing near I-81
SYRACUSE, N.Y. — The Syracuse Housing Authority (SHA) and the City of Syracuse will use a $50 million federal grant to improve the East Adams neighborhood near Interstate 81 (I-81) in the City’s 15th Ward. This funding comes through the U.S. Department of Housing and Urban Development’s (HUD) Choice Neighborhoods Initiative program, U.S. Senate Majority

Lockheed Martin to pay Q3 dividend of $3.15 per share in late September
Lockheed Martin Corp. (NYSE: LMT) announced that its board of directors has authorized a third-quarter, 2024 dividend of $3.15 a share. The dividend is payable on Sept. 27, to holders of record as of the close of business on Sept. 3, according to a June 27 company news release. At Lockheed’s current stock price, the

CNY Community Engagement Committee details Micron investment fund priorities
SYRACUSE — It’s a group that’s been working for more several months to identify community priorities and “create a framework for directing investments” for a multi-million-dollar fund that’s connected to Micron’s deal with New York State government. The Central New York Community Engagement Committee (CEC) on June 27 released a document with ideas for using

Upstate’s Air Upstate drone team conduct first BVLOS flight
SYRACUSE — In May, Upstate Medical University says it completed a key test flight for its drone program that advances the health system’s goal of

New Launch NY investments include startups in Ithaca, Rochester, Buffalo
BUFFALO — A fledgling Ithaca business is among the Upstate companies in which Launch NY has invested. Caretech Human in Ithaca is one of three companies that will use $175,000 from Launch NY. It also invested in TelosAir in Rochester and Edenesque in Buffalo. Caretech has developed a small device that users can install above

Revere Copper expands with North Carolina plant
ROME — The electrification of America is benefiting Revere Copper Products of Rome. Demand for copper and increased business led to the company opening a new manufacturing plant in North Carolina to meet the growing demand. After more than a year of getting ready, Revere cut the ribbon April 10 on its plant in Mebane,

Saab awarded nearly $9 million Navy order for radar spare parts
DeWITT — Saab Inc., which has local facilities in the town of DeWitt, has recently been awarded a more than $8.9 million delivery order from the U.S. Navy, under a previously awarded basic ordering agreement for multi-mode radar spares. Work will be performed in Gothenburg, Sweden (66 percent) and DeWitt (34 percent), and is expected

Real Life Rosies program helps women enter manufacturing workforce
UTICA — Rosie the Riveter might be an American icon, but Mohawk Valley Community College (MVCC), the Manufacturers Association of Central New York (MACNY), and Working Solutions are turning out “Real Life Rosies” as they work together to encourage more women to pursue careers in advanced manufacturing. MVCC, in partnership with MACNY, offers a pre-apprenticeship

Schumer says regional effort led to tech-hub designation
DeWITT — As he announced the $40 million federal grant for the NY SMART I-Corridor tech hub on July 2, U.S. Senate Majority Leader Chuck Schumer (D–N.Y.) thanked all three cities involved — Buffalo, Rochester, and Syracuse. “For the first time in decades, we’re seeing a shift, not just in the manufacturing landscape but [in]
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.