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

Pathfinder to pay Q2 dividend of 10 cents in early August
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the bank holding company of Pathfinder Bank, has declared a cash dividend of 10 cents per share of its common stock for the second quarter of 2025. The dividend is payable on Aug. 8 to all shareholders of record as of July 18, according to a June 30 […]

Canandaigua National Bank names Syracuse–area branch locations
CANANDAIGUA — It’s been known since last fall that Canandaigua National Bank (CNB) was coming to the Syracuse area with several new branches. Now we know where. The bank announced on July 18 that over the next year, it will open four new branches at the following locations: the Washington Station Building at 333 W.
Jefferson County hotels post slight drop in occupancy in June
WATERTOWN — Jefferson County hotels saw slightly fewer overnight guests in June, as two other key business indicators also posted small declines during the month. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the North Country’s most populated county slipped 1.6 percent to 57.7 percent in the sixth month of 2025,

VIEWPOINT: Online business fraud continues to increase
We’re all aware of the many ways that scammers are working to defraud individuals out of their hard-earned money. But small businesses continue to be in the crosshairs of today’s online criminals. The Federal Trade Commission (FTC) highlights a wide range of fraudulent schemes targeting businesses, including scams involving fake invoices and unordered merchandise, online

VIEWPOINT: Parsing through the economic data & gauging the outlook
I’d like … to share my assessment of recent economic data and how it’s informing my outlook for the economy. Particularly, I’ll explain what the data are telling us in light of economic uncertainty, and how I expect the effects of tariffs to take shape. Now is when I must give the standard Fed disclaimer

VIEWPOINT: A Warning for New York State’s Energy Policy
On June 24, New York State’s electricity grid nearly blew a fuse. That day was extremely hot, and air conditioning was working overtime. The New York Independent System Operator (NYISO), the entity running New York’s electricity grid, declared the so-called “Energy Warning.” How bad was it? According to NYISO, an energy warning is issued when

Marcellus firm wins nearly $8 million AFRL contract for HVAC work
MARCELLUS — Welch Construction Inc., of Marcellus, was recently awarded an almost $7.8 million firm-fixed-price contract for repair and replacement of heating, ventilation, and air conditioning (HVAC) systems at the Air Force Research Laboratory (AFRL) in Rome. This contract provides for the repair and replacement of HVAC systems in the C and D Bays of

Bassett Healthcare Network names new board chair
COOPERSTOWN — Bassett Healthcare Network announced that Robert Hanft, former executive at J.P. Morgan and current senior adviser with Strategic Financial Services in Utica, has recently been elected chair of Bassett’s board of directors. Hanft will serve a three-year term, which formally began on July 11, following formal election at the board’s annual meeting in
Oneida County hotels post strong first-half numbers
UTICA — Oneida County hotels registered a solid first half of business this year, with gains in overnight guests and room revenue. The hotel-occupancy rate (rooms sold as a percentage of rooms available) jumped 5.4 percent to 59.2 percent in the first six months of 2025, compared to the year-ago period, according to a report
Broome County hotels register drop in business in June
BINGHAMTON, N.Y. — Broome County hotels saw a decline in overnight guests in June, as two other benchmarks of business performance also dipped in the month. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county fell 5.5 percent to 67.2 percent in the sixth month of 2025, compared to June
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.