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

NYSERDA appoints Costello as COO
ALBANY, N.Y. — The New York State Energy Research and Development Authority (NYSERDA) on Oct. 29 announced that its board of directors has appointed Peter Costello as chief operating officer (COO). In this role, Costello, who has served as the authority’s general counsel since 2019 and secretary to the authority since 2020, will continue to […]

Utica engineering firm is under new ownership
UTICA, N.Y. — Eisenbach & Ruhnke Engineering, P.C., an engineering firm based in Utica, is now under the ownership of Joseph C. Lu Engineering, PC, dba Lu Engineers, a Rochester–based engineering firm with offices in the Syracuse area and Binghamton. With Lu Engineers expanding its presence to Utica, the firm will “gain stronger access to

Two Syracuse law firms to combine to become Costello Cooney Fearon & Fetter
SYRACUSE, N.Y. — The Syracuse law firms of Costello, Cooney & Fearon, PLLC and Scolaro Fetter Grizanti & McGough, P.C. are looking ahead to the new year when they will officially combine and become Costello Cooney Fearon & Fetter. “Costello Cooney Fearon & Fetter will build upon a combined 175 years of legal tradition in

Turning Stone Evolution project to open sooner than expected
VERONA, N.Y. — The Turning Stone Evolution expansion project is moving along faster than expected with the Crescent Hotel and Salt Seafood & Raw Bar now expected to debut next summer on June 29, 2026. And the Grand Expo will open shortly after that on Labor Day 2026. The Turning Stone Evolution, a $370 million

Colgate expands Colgate Commitment initiative
HAMILTON, N.Y. — Students in families that have a total annual income of up to $175,000 could be able to attend Colgate University tuition free, under a new university offer. In addition, those students with family incomes of up to $200,000 will have their demonstrated aid need met without loans starting in the fall of

Chemung Financial reports improved earnings in Q3
ELMIRA, N.Y. — Chemung Financial Corporation (NASDAQ: CHMG), parent company of Chemung Canal Trust Company, recently reported that its net income jumped 37 percent to $7.8 million in the third quarter from $5.7 million in the year-ago quarter as its balance sheet and margins improved. The banking company’s earnings per share increased 36 percent to

Utica University leadership change coming in 2026
UTICA, N.Y. — Utica University will have new leadership in 2026 after current president Todd Pfannestiel submitted his resignation with plans to step down at the end of the 2025 calendar year. The university’s board of trustees has named Stephanie Nesbitt as Utica University’s next president, effective Jan. 1, 2026. Nesbitt has agreed to serve

SU’s Whitman School to offer new master’s degree in real estate in 2026
SYRACUSE, N.Y. — Syracuse University’s (SU) Martin J. Whitman School of Management plans to offer a master’s degree in real estate, starting in the fall of 2026. Building on Whitman’s undergraduate real-estate program, the new master’s degree offers dedicated real-estate education related to development, finance, and sustainability. The one-year, on-campus program takes a finance and

More than 350 companies celebrated as Economic Champions by CenterState CEO
SYRACUSE, N.Y. — The efforts of 353 businesses and nonprofit organizations were recognized on Oct. 29 during CenterState CEO’s annual Economic Champions Celebration at the Nicholas J. Pirro Convention Center at Oncenter in downtown Syracuse. Those involved were honored for their contributions to the “growth and vibrancy” of the Central New York economy. Nearly 600

LeMura to serve as Le Moyne president through June 2028
SYRACUSE, N.Y. — Linda LeMura, who has served as president of Le Moyne College in Syracuse since 2014, will continue leading the college through June 30, 2028. The Le Moyne College board of trustees recently approved the two-year contract extension. Her previous employment agreement was set to run through June 2026. No financial terms were
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