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

Stewart’s Shops acquires assets of energy company Red-Kap
SARATOGA SPRINGS, N.Y. — Stewart’s Shops announced that it has acquired the assets of Schenectady–based energy company Red-Kap. The acquired assets include eight convenience stores,

SBA opens new round of PPP loan applications, starting with community financial institutions
The U.S. Small Business Administration (SBA), together with the U.S. Treasury Department, on Monday morning reopened the loan portal for the Paycheck Protection Program (PPP),

Eligible restaurants can apply for funding through ESD’s “Raising the Bar” restaurant-recovery fund
Empire State Development (ESD) has introduced the more than $3 million “Raising the Bar” restaurant-recovery fund to assist New York restaurants during the COVID-19 pandemic.

Executive Leadership Development Series graduates 2020 class
SYRACUSE, N.Y. — CenterState CEO announced that 10 members recently graduated from its 2020 Executive Leadership Development Series. The seven-month program is presented by CenterState
VIEWPOINT: How to Make Sure COVID Doesn’t Kill Entrepreneurship
It’s no secret that the COVID-19 pandemic has left many existing small businesses struggling, and the continued economic uncertainty threatens to kill the ambitions of entrepreneurs who planned to launch new businesses but now must put their dreams on hold. This crisis will end up being much worse for small businesses than the 2008-11 sub-prime mortgage

Adirondack Railroad begins $30 million rail-line reconstruction project
UTICA, N.Y. — The Adirondack Railroad recently announced it has begun corridor reconstruction on rail lines from Snow Junction to the Tupper Lake station, a total of 84 miles of track. Tupper Lake will serve as the northern terminal, upgrading the existing railroad station, adding a yard to restore engines and locomotives, and building a

NUAIR’s new leader is “well known innovator” in UAS industry
SYRACUSE, N.Y. — Syracuse–based NUAIR describes its new president and CEO as a “well-known innovator and leader” within the unmanned aircraft systems (UAS) industry. The organization on Jan. 4 announced it has hired Ken Stewart as its new top official. Stewart most recently served as CEO of Boston, Massachusetts–based AiRXOS, part of GE Aviation, NUAIR
ESD: Application period for Genius NY’s fifth round continues through March 31
SYRACUSE, N.Y. — The Genius NY program is accepting applications for its fifth round through March 31. Empire State Development (ESD) describes Genius NY as “the world’s largest” business accelerator competition focused on unmanned systems. Genius NY stands for Growing ENtrepreneurs & Innovators in UpState New York. Tech startups focused on unmanned systems, internet of

Downtown Committee reveals new Downtown Syracuse gateway sign
SYRACUSE, N.Y. — The Downtown Committee of Syracuse says it has a winner in the contest to create a new Downtown Syracuse gateway sign. The

Sugar Blossom Cake Shop: “The Sweet Smell of Success”
If there were ever two young entrepreneurs that would make the sun shine from pure desire, I think I may have met them. The lyric from the song “Higher Love” epitomizes Kaleigh Ligoci and Lauren Scarpelli. On Thursday, Dec. 3, the Greater Liverpool Chamber of Commerce cut the ribbon and officially welcomed Ligoci, Scarpelli, and their Sugar
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.