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

Helsinki, Finland firm to acquire Cryomech
DeWITT, N.Y. — A firm based in Helsinki, Finland intends to acquire Cryomech, a cryocooler technology and manufacturing company based at 6682 Moore Road in

Byrne appointed to M&T Bank Directors Advisory Council for CNY
SYRACUSE, N.Y. — M&T Bank recently announced it has appointed Mark V. Byrne, president & CEO, of Sonbyrne Sales Inc./Byrne Dairy Stores, to its Directors Advisory Council for Central New York. Serving as ambassadors to the business community, the 10-member council meets regularly throughout the year to provide bank leadership with valuable perspectives and solutions

SRCTec awarded more than $99M U.S. Army contract
CICERO, N.Y. — SRCTec, LLC has won a U.S. Army contract exceeding $99 million for AN/TPQ-50 Radar Systems and Engineering Change EC1 upgrade kits. The work locations and funding will be determined with each order, with an estimated completion date of Jan. 30, 2028, according to a Jan. 31 contract announcement from the U.S. Department

Tessy makes first foray into N.Y.’s apprenticeship program
SKANEATELES, N.Y. — A group of four apprentices is working at Tessy Plastics Corp., representing the firm’s entry into New York State’s apprenticeship program. As part of the program, the New York State Department of Labor (NYSDOL) is offering to supplement wages with grants of up to $15,000 per year per apprentice and tax credits

NYS Labor Department finalizes farm-worker OT regulations
ALBANY, N.Y. — New York State will start lowering the overtime pay threshold for farm workers next Jan. 1, reducing it to 56 hours from the current 60. The process will continue with the overtime threshold limit going down by four hours every other year until reaching 40 hours in 2032. That’s when farm workers
New York cabbage production declined 9 percent in 2022
New York farms produced an estimated 4.24 million cwt (hundredweight) of cabbage in 2022, down 9 percent from the 2021 estimate. That’s according to a Feb. 15 report from the USDA National Agricultural Statistics Service (NASS), New York Field Office. The average yield per acre was estimated at 400 cwt last year, down 7 percent
New York onion production fell 7 percent in 2022
A recent government report found that New York onion production fell an estimated 7 percent to 2.52 million cwt (hundredweight) last year from the 2021 production estimate. That’s according to a Feb. 15 report from the USDA National Agricultural Statistics Service (NASS), New York Field Office. The average yield per acre was estimated at 400 cwt
New York milk producer prices fall 4 percent from prior month
Milk prices at the producer level in New York state remained elevated in the latest month but prices tempered from previous months. New York dairy farms were paid an average of $24.90 per hundredweight of milk in December, down 4.2 percent from $26 in November, but were still 13.2 percent higher than the $22 average in December

People news: Ongweoweh promotes Haddock to director of global operations
ITHACA, N.Y. — Ongweoweh Corporation, a Native American-owned pallet-management company, announced it has promoted Matt Haddock to director of global operations. In his new role,

N.Y. manufacturing index rises but still shows contraction
General business-conditions index up 27 points to -5.8 in February New orders declined modestly, and shipments held steady as the general business-conditions index of the Empire State Manufacturing Survey climbed 27 points in February to -5.8. The index had fallen 22 points to -32.9 in January, representing its lowest level since mid-2020 and the fifth worst
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.