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

Sovena USA donates to STEM programs at Griffiss Institute
ROME, N.Y. — Olive oil company Sovena USA recently partnered with the Griffiss Institute on the creation and support of the institute’s STEM camps and

Ithaca Area Economic Development names new board members, officers
ITHACA, N.Y. — Ithaca Area Economic Development (IAED) recently appointed its 2023 board of directors. New three-year appointments include Jodi Denman (Knickerbocker Bed Company), Carrie

Oneida County’s UAS Test Site receives new FAA flight authority for larger drones
ROME, N.Y. — Drones flying between Syracuse and Rome are getting bigger and heavier with authorization from the FAA for Oneida County’s Unmanned Aircraft Systems

Schumer says guidance released on investment tax credit for semiconductor manufacturers
U.S. Senate Majority Leader Charles Schumer (D–N.Y.) on Thursday announced the initial guidance for the investment tax credit (ITC) for semiconductor manufacturing is now available.

Erie Canalway National Heritage Corridor to use grant to support adaptive recreation
WATERFORD, N.Y. — The Erie Canalway National Heritage Corridor announced it will use grant funding of nearly $9,500 to support adaptive recreation along the Erie

Oneida County hotel-occupancy rate drops more than 4 percent in February
UTICA, N.Y. — Oneida County’s hotel-occupancy rate (rooms sold as a percentage of rooms available) fell 4.2 percent to 49.6 percent in February from the

Taitem Engineering founder transitions to teaching, research role at Syracuse University
SYRACUSE, N.Y. — Taitem Engineering of Ithaca recently announced that its founder, Ian M. Shapiro, has accepted a faculty position at Syracuse University, where he will teach in the Department of Mechanical and Aerospace Engineering. He will also be conducting research at the Syracuse Center of Excellence in Environmental and Energy Systems (SyracuseCoE). Shapiro will

Excellus net income declines 50 percent in 2022
ROCHESTER, N.Y. — Excellus BlueCross BlueShield reported net income of $58.9 million on $6.6 billion in premium revenue in 2022, down 50 percent from the $117.6 million that the health insurer generated in 2021. The nonprofit disclosed the figures in an annual financial report filed with the New York State Department of Financial Services. Rochester–based

Northwoods takes over management of Norman Shadduck Agency in Binghamton
BINGHAMTON, N.Y. — The Northwoods Corporation entered into a management agreement March 1 with the Norman Shadduck Agency, located at 32 Broad Ave., in Binghamton. Under the agreement, Northwoods now manages the daily operations of the agency. David Shadduck remains the agency’s sole owner and president. Shadduck and the agency’s one employee remain with the

Bassett adds caregiver-support service to employee benefits
COOPERSTOWN, N.Y. — Bassett Healthcare Network recently enhanced its employee-benefits package by offering Dari by Homethrive, a family-caregiving-technology platform for employees caring for aging family members or loved ones with special-care needs. “As we enhance our benefits to support each and every caregiver, we enhance the wellbeing of people throughout our region. We are excited
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.