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

The company building a chip fab near Utica changes name to Wolfspeed
Durham, North Carolina–based Cree Inc. — which is building its $1 billion Mohawk Valley Fab near Utica — has changed its name to Wolfspeed, Inc.

Rome man charged with multiple burglary and weapons felonies
ROME, N.Y. — The New York State Police on Wednesday arrested a Rome man for stealing five handguns, a shotgun, and a rifle from

New York farms produce record-high yield of winter wheat this year
ALBANY, N.Y. — New York farms harvested 9.63 million bushels of winter wheat in 2021, with an average yield of 77 bushels per acre — a record-high yield. Winter-wheat production in the state was up 21.5 percent this year from 2020, when the state’s farms produced 7.92 billion bushels of winter wheat. This year’s yield
Lockheed Martin Owego plant wins more than $12.4 million Navy contract
OWEGO, N.Y. — Lockheed Martin Rotary and Mission Systems in Owego was recently awarded a more than $12.4 million firm-fixed price order against a previously issued, basic ordering agreement. This order provides non-recurring engineering (NRE) and test support for the Avionics 3i/5i Operational Test Program Sets (OTPS) in support of i7 capabilities required by the

New York’s closed home sales rise nearly 17 percent in August
ALBANY, N.Y. — New York realtors sold 14,808 previously owned homes in August, up nearly 17 percent from 12,663 homes sold in August 2020. However, pending sales in August fell about 8 percent, indicating closed sales could take hit in upcoming months. The data comes from the New York State Association of Realtors (NYSAR)’s August

Comptroller says Medicaid billing errors cost state more than $1.5 billion
“Troubling errors like the ones routinely identified by my auditors are extremely costly. They can also put patients at risk,” DiNapoli said in announcing the reports. “By not fixing problems with the Department of Health’s eMedNY system and other issues, hundreds of millions of dollars more in taxpayer dollars could be misspent and unqualified providers

NYSDOT considers alternate locations for proposed I-81 roundabout near Dr. King Elementary
SYRACUSE, N.Y. — The proposed roundabout near Dr. King Elementary School has emerged as a contentious issue during the public-comment period for the $2 billion

U.S. Senate confirms Freedman as first female U.S. Attorney for the Northern District of New York
Besides earning a degree at Syracuse University, Freedman is also a graduate of New York Law School. She previously served as an Assistant U.S. Attorney

People news: Chemung County Chamber appoints new president and CEO
ELMIRA, N.Y. — The Chemung County Chamber of Commerce recently named Jennifer Herrick-McGonigal its new president and CEO. She started her new position on Sept.

AIS wins $95 million contract focusing on software-system security
ROME, N.Y. — Assured Information Security (AIS) has been awarded has been awarded a $95 million contract from the U.S. Air Force for an Antifragility
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.