Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Lowe to step down as Wolfspeed president and CEO
DURHAM, N.C. and MARCY, N.Y. — Gregg Lowe is out as president and CEO of Wolfspeed, Inc. (NYSE: WOLF), which operates a fabrication plant in
Port of Oswego awarded $11 million federal grant for climate-controlled warehouse
OSWEGO, N.Y. — The Port of Oswego will use more than $11 million in federal funding to build a new, climate-controlled warehouse for the region’s
New York manufacturing index soars to highest reading in three years in November
The Empire State Manufacturing Survey general business conditions index climbed 43 points to 31.2 in November, representing its highest reading in nearly three years. The index had dropped 23 points to -11.9 in October after rising 16 points to 11.5 in September (activity expanding for the first time since November 2023.) The general business conditions
MVHS Foundation surpasses $30 million fundraising goal
UTICA, N.Y. — The Mohawk Valley Health System (MVHS) Foundation’s “This is for You: The Campaign to Transform Healthcare” exceeded its $30 million fundraising goal
ROME — Assured Information Security (AIS) now has 24 issued patents, with the issuing of two new patents in October by the U.S. Patent and Trademark Office, the company announced. “Expanding our patent portfolio is central to our mission of advancing cybersecurity solutions that can adapt to evolving threats,” AIS Chief Engineer Michael Seiffert said
Oswego Health’s 5th Annual Gala raises more than $133,000 to support local health care
OSWEGO — The 5th Annual Oswego Health Foundation Gala, themed “A Night of Glitz and Glamour,” attracted 282 attendees in a sold-out Nov. 2 event at the Lake Ontario Conference Center and raised more than $133,000 to support local health care and the Oswego Health Foundation Endowment Fund. During the program, Oswego Health presented three
Pathfinder Bancorp reports net loss in third quarter of 2024
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the holding company for Pathfinder Bank, recently reported a net loss of $4.6 million, or 75 cents per share, in the third quarter, compared to net income of $2.2 million, or 35 cents a share, in the same quarter in 2023. The net loss reflected $9 million in
Berkshire Bank parent company to pay Q4 dividend of 18 cents in late November
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) — parent company of Berkshire Bank, which has a significant presence in the Mohawk Valley region — recently announced that its board of directors has approved a quarterly cash dividend of 18 cents per common share. The dividend is payable on Nov. 27, to shareholders of record as of
Corning Inc.’s Canton plant to create up to 130 jobs
It comes after winning $32 million in CHIPS funding CANTON — More manufacturing jobs are on the way for the Canton plant of Corning Incorporated (NYSE: GLW). The company has reached an up to $32 million preliminary memorandum of terms (PMT) funding
Firm that recently expanded into Utica plans more growth
Just months after opening a satellite office in Utica, architecture and engineering-design firm CSArch has inked a new partnership deal that will fuel more growth at the Albany–based firm. CSArch finalized a partnership deal on Oct. 31 with Signal Hill Equity Partners, a Canadian middle-market private-equity firm that focuses on investing in regulated and essential-service
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.