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Route 11 bridge project begins in Whitney Point
WHITNEY POINT, N.Y. — A $21.2 million project to replace the U.S. Route 11 bridge over the Tioughnioga River, install one and a half miles of accessible sidewalks along Main Street, and new crosswalks at Whitney Point Middle School and the Broome County Fairgrounds has begun in Whitney Point. As part of the project, the […]
Court Street Apartments project in Binghamton celebrates groundbreaking
BINGHAMTON, N.Y. — Officials broke ground June 11 on a project in Binghamton to transform a vacant warehouse and office building into 111 affordable apartments, with more than half reserved for homeless veterans and other vulnerable populations in need of supportive services to live independently, Gov. Kathy Hochul announced. The Court Street Apartments project will
AAA survey finds consumer interest in EVs is declining, hybrids preferred
Consumers’ interest in buying a fully electric car is declining according to a new survey report. Only about one in five adults surveyed (18 percent) say they’d be “very likely” or “likely” to buy a new or used electric vehicle (EV) (not a hybrid), down from 23 percent last year, according to the most recent
PAR focuses on core business with sale of two subsidiaries
NEW HARTFORD, N.Y. — PAR Technology Corp. (NYSE: PAR) is making moves to focus its business on the restaurant industry, announcing it will sell both subsidiaries that comprise its government operating segment for a combined $102 million. PAR sold PAR Government Systems Corp. (PGSC) to Booz Allen Hamilton, Inc., (NYSE: BAH) in a deal that
Moody’s Ratings gives City of Syracuse A1 credit rating
SYRACUSE, N.Y. — Moody’s Ratings has given the City of Syracuse an A1 credit rating, which Syracuse Mayor Ben Walsh says “solidifies Syracuse’s progress toward fiscal sustainability.” Moody’s Ratings — which was formerly called Moody’s Investors Service and is the bond credit-rating business of Moody’s Corporation — gave the City an A1 rating and a
ANDRO receives patent for invention involving AI technologies
ROME — ANDRO Computational Solutions, LLC announced it received a utility patent, titled Multi-Task Learning Neural Network Framework for RF Spectrum Sensing and Classification, from the U.S. Patent Office on May 28. The patented invention applies artificial-intelligence (AI) technologies to multidimensionally capture, process, and classify radio frequency (RF) electronic signals in complex electromagnetic operational environments
Clinton’s Ditch plans $40M expansion of Cicero plant, adding nearly two dozen jobs
CICERO — The Cicero company that markets itself as “The Pepsi Place” will soon become a bigger place. Clinton’s Ditch Co-Operative Company, Inc. plans to add 100,000 square feet to its existing 274,000 plant on Pardee Road in the town of Cicero. It’s part of a $40.7 million expansion of the current facility, the office
DiNapoli releases report on IDA activity across the state
Industrial development agencies (IDA) across the state helped spur 4,320 projects valued at $132 billion in 2022, an increase of 5 percent over 2021, according to a recent report from New York State Comptroller Thomas P. DiNapoli. However, that development can come at a cost to local communities, he warned, as those projects combined received
Northrop Grumman wins nearly $120M U.S. Navy contract, with most work to be done in Syracuse
SYRACUSE — Northrop Grumman Systems Corp. has been awarded a $119.6 million long-term, requirements contract for the repair of 17 weapon replaceable assemblies and shop replaceable assemblies in support of the E-2 aircraft. Much of the work will be done in Central New York. This is a 19-month contract with no option periods, and work
New initiative works to bolster microelectronics and semiconductor industries in New York
Empire State Development (ESD) has announced the launch of the Upstate Defense Initiative. It brings together ESD’s Division of Science, Technology and Innovation (NYSTAR), CenterState CEO, the Griffiss Institute, FuzeHub, and Syracuse University’s Institute for Veterans and Military Families to support workforce development, bolster supply chains, and cultivate innovation and entrepreneurship in the state’s microelectronics
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