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

First Source FCU breaks ground on new Herkimer branch
HERKIMER, N.Y. — First Source Federal Credit Union (FCU) announced it has started the groundwork for a new branch office in Herkimer, scheduled for completion

Five finalists selected for ninth round of Genius NY business accelerator
SYRACUSE — Firms from Utica, Syracuse, Ohio, New Jersey, and Sweden are among the five finalists selected for the ninth round the Genius NY business

Syracuse airport’s $28 million expansion made many upgrades
SYRACUSE, N.Y. — It’s a construction project that sought to enhance the passenger experience at Syracuse Hancock International Airport (SYR). The effort included a component that was meant to keep “International” in the airport’s name. The $28.4 million expansion and modernization project was awarded $20 million from the New York governor’s $230 million Upstate Airport

Startup fund Upstate Biotech Ventures now has $10 million
SYRACUSE, N.Y. — Upstate Biotech Ventures (UBV), Upstate Medical University’s startup biotech fund, now has significantly more funding than it did when UBV was announced in July 2024. SUNY Chancellor John King, Jr. on July 16 announced a $4 million increase in the startup biotech fund for a total $10 million investment. Empire State Development

SRC wins patent for adaptive digital filter for radar systems
CICERO, N.Y. — The U.S. Patent and Trademark Office has recently issued SRC, Inc. a patent for “Discrete Time Adaptive Notch Filter,” a process that allows for the selective filtering of complex signal components in radar systems. The patent develops an adaptive digital filter designed to efficiently remove specific types of unwanted interference, while minimizing

Lockheed’s suburban Syracuse plant wins $57M Navy pact for submarine work
SALINA, N.Y.— Lockheed Martin Rotary and Mission Systems’ plant in the town of Salina has been awarded a more than $57.25 million contract for engineering and technical support and production of submarine multifunction modular masts on new construction and in-service submarines. This pact includes options which, if exercised, would bring the cumulative value of this

State Fair launches Fairgrounds alert system
GEDDES, N.Y. — The New York State Fair says it’s launching a Fairgrounds alert system for the upcoming 2025 Fair. The state is encouraging fairgoers

Anheuser-Busch to spend $9 million on upgrades to Baldwinsville brewery
LYSANDER, N.Y. — Anheuser-Busch InBev (NYSE: BUD) on Tuesday announced a new $9 million investment in its Baldwinsville brewery in the town of Lysander. St.

Women–owned businesses in Oneida and Herkimer counties can pursue $5,000 grants
CLINTON, N.Y. — A total of five grants, each worth $5,000, are available for women–owned business in Oneida and Herkimer counties. The Women’s Fund (WF)

Binghamton University breaks ground on new classroom, lecture hall building
VESTAL, N.Y. — Binghamton University on Wednesday broke ground on a new classroom and lecture-hall building. The construction site is located across from Academic A
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.