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

SRC wins $60 million U.S. Air Force contract for cyber, electronic-warfare technologies R&D
CICERO — SRC, Inc. announced on June 10 that it has been awarded a $60 million contract from the Air Force Research Laboratory (AFRL) Sensors Directorate, Spectrum Warfare Systems Engineering Branch. Under the pact, Cicero–based SRC will explore new and emerging concepts related to the development, integration, assessment, evaluation and demonstration of cybersecurity, open-system architecture, […]

RENSSELAER — The New York Independent System Operator (NYISO), a nonprofit corporation that operates the state’s bulk electricity grid, recently released Power Trends 2024, an annual publication that discusses the key issues and challenges shaping the grid of the future. Including new data and metrics, the report also summarizes work by the NYISO to maintain

Syracuse apartment rent prices for one-bedroom units jump in May
SYRACUSE — The median rental price for most apartments in the Syracuse metro area soared almost 29 percent in May from a year earlier and increased more than 6 percent from the prior month. The year-over-year rise in rent in Syracuse was the highest among all 100 largest metro areas in the U.S., according to

Meyda Lighting designs its future
YORKVILLE — Fifty years after its start by Meyer and Ida Cohen, Meyda Lighting is still going strong with the third generation hard at work at the business. The business got its start in 1974 when Ida asked her husband Meyer to build a stained-glass lamp for their kitchen window to block out the neighbor’s

CBRE highlights trends in Syracuse real-estate market
SYRACUSE — The normalization of hybrid work and a “flight to quality” by commercial-office tenants are two major issues currently affecting the office leasing environment, according to findings presented at CBRE Upstate NY’s Syracuse Market Outlook Midyear Review. The commercial real-estate firm held a review session to go over the findings on June 6 at

Indium Corporation announces 13 summer interns in a program that has launched many careers
CLINTON — Indium Corporation recently welcomed 13 new interns to its summer internship program. The initiative serves as a launch pad for college students, providing a real-world business environment for participants along with feeding the company’s future employment pipeline. Each intern is immersed in work experience through assignments, working on projects and programs that align
EDR ranked on top 500 design firm list
SYRACUSE — EDR, a design, engineering, and environmental-services firm, was named to the Engineering News-Record “Top 500 Design Firms” list for 2024. Companies are ranked according to revenue for design services performed in 2023, according to Engineering News-Record, a publication focused on engineering and construction news and information. EDR officials extended gratitude to the firm’s

N.Y. manufacturing index improves in June, but still shows contraction
The Empire State Manufacturing Survey general business-conditions index rose 10 points to -6.0 in June, an improvement but still indicative of contraction in manufacturing activity in New York state. The general business-conditions index is the monthly gauge of New York’s manufacturing sector. Based on firms responding to the survey, the June reading indicates manufacturing business

SUNY Poly awards seed grants to 11 faculty-led projects
MARCY — Eleven faculty-led projects at SUNY Polytechnic Institute received a total of $440,675 in round one, seed-grant funds, the university announced. SUNY Poly’s associate provost for research office received the applications from faculty, which were reviewed by peers who determined which projects would be supported. The money comes from SUNY Poly’s $2.7 million share

SU reappoints dean of College of Engineering and Computer Science
SYRACUSE — Syracuse University (SU) has reappointed J. Cole Smith to a five-year term as dean of the College of Engineering and Computer Science (ECS). The announcement follows a review process that included feedback from key stakeholders, including ECS faculty, staff, and advisory-board members. “In Cole’s nearly five years as dean, the College of Engineering
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.