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

New orders, shipments slip in New York manufacturing sector in April
For New York manufacturers, new orders and shipments both declined substantially and unfilled orders “continued to shrink.” That’s according to the Federal Reserve Bank of New York, which released the monthly Empire State Manufacturing Survey on April 15. The survey’s general business-conditions index rose 7 points in April, but remained underwater at -14.3, pointing to […]

ALBANY, N.Y. — The new state budget includes a $200 million investment to support four ON-RAMP advanced–manufacturing training centers and prepare New Yorkers for the

OCC provides update on the school’s Micron-related activity
ONONDAGA, N.Y. — Onondaga Community College (OCC) says it’s working on a semiconductor summer program that would give students the chance to earn college credits in electromechanical technology. The five-week long program would be for recent high school graduates or high school students entering 11th or 12th grades. Details on the program were part of

Micron reaches deal with federal government for $6.1 billion for projects in Clay, Idaho
CLAY, N.Y. — Micron Technology (NASDAQ: MU) has reached a $6.1 billion preliminary memorandum of terms (PMT) funding agreement with the U.S. Department of Commerce under the federal CHIPS & Science Law for projects in both the town of Clay and in Idaho. The PMT outlines key terms for Micron’s CHIPS agreement. To finalize the
Schumer pitches Upstate to Japanese semiconductor supply-chain companies
WASHINGTON, D.C. — U.S. Senate Majority Leader Charles Schumer (D–N.Y.) last week convened several Japanese companies that supply the semiconductor industry to pitch the benefits of locating in upstate New York. Schumer held the gathering at the U.S. Capitol as Japanese Prime Minister Fumio Kishida visited the U.S. last week, representing the first visit from

Boyce Thompson Institute unveils plant-phenotyping facility
ITHACA, N.Y. — The Boyce Thompson Institute (BTI) says it has opened its plant-phenotyping facility, PhenoSight. This new facility holds “significant potential for delivering unparalleled insights” into plant growth, development, and response to environmental conditions, according to a BTI news release. BTI is a plant-sciences research institution in Ithaca. “The opening of this facility marks

New York manufacturing index rises, but remains in negative territory in April
The Empire State Manufacturing Survey general business-conditions index rose 7points in April, but remained underwater at -14.3, pointing to continued contraction in the state’s manufacturing

Lockheed Martin lands Navy helicopter technology contract
OWEGO, N.Y. — Lockheed Martin (NYSE: LMT) announced Monday it will work with Intel Corp. (NASDAQ: INTC), and Altera, an Intel company, to support the Stimulating Transition for Advanced Microelectronics Packaging (STAMP) program for the U.S. Office of the Under Secretary of Defense for Research and Engineering (OUSD R&E). Lockheed Martin will develop a low

SRC wins more than $12 million Air Force contract modification
CICERO — SRC Inc. was recently awarded a nearly $12.4 million modification to a previously awarded U.S. Air Force contract for Multi-Domain Agile Condor enhancements, software prototype, and hardware for innovative tools development and demonstration. The contract adjustment is for computing design, development, hardware acquisition, and real-time flight demonstration, according to a March 14 contract

Smith Brothers eyes architect and engineer niche with latest merger
Smith Brothers Insurance, a Connecticut–based insurance broker with New York offices in Owego, Vestal, Waverly, and Rensselaer, recently merged another Connecticut company into its operations. It’s a move that makes the company one of the largest advisors and brokers for architects and engineers in the northeast. With the merger, Maloney & Company, LLC, in Guilford,
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.