Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Onondaga County hotel occupancy rate rises nearly 3 percent in December
SYRACUSE — Hotels in Onondaga County were fuller in December than in the year-ago month, while room revenue also rose, according to a recent report. The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county increased 2.5 percent to 40.3 percent in December, according to STR, a Tennessee–based hotel market […]
Tompkins Financial to pay quarterly dividend of 52 cents a share on Feb. 18
ITHACA — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors approved payment of a regular quarterly cash dividend of 52 cents a share for the first quarter. The dividend is payable on Feb. 18, to common shareholders of record on Feb. 10. It’s the same amount that Tompkins Financial paid in

Le Moyne College, partners want ERIE 21 initiative to support “innovation economy”
SYRACUSE — Le Moyne College has launched the ERIE 21 initiative, which stands for “Educating for Our Rising Innovation Economy in the 21st century.” The program seeks to “create infrastructure that will support individuals preparing for jobs in the innovation economy” and includes educational, training, and private-enterprise initiatives, according to Le Moyne. The college is

S&M Rentals buys Schroeppel property for $165,000
SCHROEPPEL — S&M Rentals recently purchased the mixed-use property located at 23 Route 6 in the town of Schroeppel for $165,000 from Terrestrial Environmental Specialists Inc. Gary Cottet of Cushman & Wakefield/Pyramid Brokerage Company exclusively represented the marketing of the property and facilitated the sale on behalf of the seller. The property has a two-story

After acquisition, Oneida Nation rebrands Verona hotel as Sandstone Hollow Inn
VERONA — The Oneida Indian Nation believes the Sandstone Hollow Inn in Verona will help it meet the “growing demand” for rooms at the Turning Stone Resort Casino. The Oneida Nation rebranded the venue the Sandstone Hollow Inn after acquiring the property. The hotel was formerly known as the Microtel Inn & Suites by Wyndham.
Broome County hotel occupancy rate edges up in December
BINGHAMTON — Hotels in Broome County welcomed slightly more guests in December than in the year-prior month, according to a recent report. The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county inched up 0.4 percent to 44.1 percent in December, according to STR, a Tennessee–based hotel market data and

ANCA awards $104,000 in local farm grants to 8 North Country farms
SARANAC LAKE — Eight North Country farms are set to receive grant funding to help support the viability and growth of their businesses. The Adirondack North Country Association (ANCA) recently announced the recipients of its Local Farm Grant program, which was launched in October 2019 to support farmers and food producers who are “strengthening the

Collins named commissioner of Syracuse Dept. of Neighborhood & Business Development
SYRACUSE — Syracuse Mayor Ben Walsh recently announced the appointment of Michael Collins as commissioner of the Department of Neighborhood and Business Development (NBD). Collins, currently executive director of the Syracuse Northeast Community Center, takes on the new City of Syracuse role after a two-decade career in education, small business, human services, and community development.

IPD Engineering expands to Mohawk Valley with opening of new Utica office
UTICA — Syracuse–based IPD Engineering started 2020 with the opening of its third office, representing an expansion into the Mohawk Valley. The downtown Utica office opened in January, the firm tells CNYBJ in an email. It’s located on the ground floor of the Doyle Building, a historic factory building located at 3330 Main St. in

Carranza starts as SBA’s 26th administrator
WASHINGTON, D.C. — Jovita Carranza recently completed her first month as administrator of the U.S. Small Business Administration (SBA). Carranza, 70, was sworn as the 26th administrator of the SBA on Jan. 7, succeeding Linda McMahon, who stepped down as SBA administrator last April to become chair of America First Action, a pro-Donald Trump super
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.