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Manufacturing & Engineering

Wolfspeed secures financing for expansion efforts

MARCY, N.Y. — Silicon-carbide technology company Wolfspeed, Inc., (NYSE: WOLF) recently announced it has secured $1.25 billion in financing, with an accordion feature for up to an additional $750 million, from an investment group led by Apollo (NYSE: APO). The financing supports Wolfspeed’s efforts to ramp up production and expand as it works toward a […]

Operation Oswego County annual meeting outlines projects

OSWEGO, N.Y. — A pair of Oswego County economic-development organizations provided help for projects that resulted in the creation or retention of 1,495 jobs, with more than $447 million in capital investment associated with 38 new, expanded, or retained facilities.  Austin Wheelock, executive director of Operation Oswego County (OOC), was speaking about OOC and the

5 teams selected for Medical Device Innovation Challenge

SYRACUSE, N.Y. — Upstate Medical University’s CNY Biotech Accelerator (CNYBAC) has selected five teams for its 2023 Medical Device Innovation Challenge (MDIC). The MDIC teams will participate in the Empire State Development (ESD) grant-supported program, which is now in its seventh year. The MDIC review committee, a select group of subject-matter experts, chooses the teams

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Lockheed Martin plant awarded nearly $68M contract modification

SALINA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) plant in suburban Syracuse has recently won a $67.9 million modification to a previously awarded U.S. Navy contract. The pact is for provisioned-item spare parts in support of the full-rate production of Surface Electronic Warfare Improvement Program AN/SLQ-32(V)6 and AN/SLQ-32C(V)6 systems, according to a May 26 contract

Empire Access expands service area in the Southern Tier

Empire Access Corp. is continuing its push to bring fiber-optic internet service across the Southern Tier. The Prattsburgh (Steuben County)–based company is in the midst of a strategic expansion of service into Endicott and Endwell, bringing its broadband service to those communities. “We’ve been growing our company now for the past 10 years,” Empire Access

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