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

NCUA rates the Summit FCU as “well capitalized”
The Summit Federal Credit Union (FCU) is rated as “well capitalized” by regulators with the National Credit Union Administration (NCUA). It represents NCUA’s highest rating category for credit union net worth, the Summit FCU said in a May 20 release providing details about its May 19 virtual annual meeting. The credit union said it “enjoyed […]

Loretto’s Lyon named New Administrator of the Year for Central New York
SYRACUSE, N.Y. — Courtney Lyon, administrator for Loretto Health & Rehabilitation, recently received the New Administrator of the Year award for Central New York from the American College of Health Care Administrators, New York Chapter. Lyon was promoted to administrator at Loretto in 2020. After two of the most challenging years imaginable in health care

U.S. Senate passes Schumer bill to boost U.S. computer-chip production
WASHINGTON, D.C. — The U.S. Senate on Wednesday passed the CHIPS bill, which would provide $50 billion in federal incentives to bring semiconductor manufacturing back

State begins $30 million shared-services program for local-government cybersecurity
ALBANY, N.Y. — The cities of Syracuse, Rochester, Albany, Buffalo, and Yonkers are among those that will benefit from a new shared-services program to help

NYPA, Canal Corp. appoint Driscoll as CEO, pending state Senate approval
WHITE PLAINS, N.Y. — The New York Power Authority’s (NYPA) board of trustees and the New York State Canal Corporation’s board of directors on Tuesday

White House recognizes Syracuse Build program among ARPA-funded initiatives
SYRACUSE, N.Y. — The White House recognized the program Syracuse Build in a recent news release about the administration’s American Rescue Plan Act (ARPA)-funded initiatives.

Hamilton College hires new VP for facilities and planning
CLINTON, N.Y. — Hamilton College announced that Mike Klapmeyer is joining the college Aug. 1 as the new associate VP for facilities and planning. Klapmeyer

Herkimer County launches countywide development plan
HERKIMER, N.Y. — A local government-nonprofit collaborative recently completed a countywide community development plan to address the county’s longstanding challenges and future growth opportunities. Under

Schumer touts his semiconductor bill, which will soon get U.S. Senate approval
A proposed federal law that would provide a semiconductor incentive, scientific research, and “technological competitiveness” to bring manufacturing back from overseas to places like upstate

Oswego County Airport honored with Ally Award
OSWEGO, N.Y. — Operation Oswego County (OOC) recently presented its Ally Award for 2022 to the Oswego County Airport. The award, bestowed at OOC’s annual meeting on June 16, is “in recognition and appreciation of the vision, commitment and leadership exhibited by the Oswego County Legislature to support and operate an outstanding general aviation transportation
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