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Regional News

Central New York projects win FuzeHub manufacturing grants

ALBANY, N.Y. — Clients of the CNY Biotech Accelerator in Syracuse and the Koffman Southern Tier Incubator in Binghamton, along with a project at Cornell University, have secured manufacturing grants. The nonprofit FuzeHub, which is based in Albany, issued nine grants totaling $450,000 with money through the Jeff Lawrence Innovation Fund. All projects were allocated

GrammaTech gets options picked up on $27.6M Navy contract

ITHACA, N.Y. — GrammaTech, Inc. has been awarded a modification to a previously awarded contract from the U.S. Navy, bringing the total value of the pact to nearly $27.6 million. The cost-plus-fixed-fee modification is for the effort entitled, “Matured and Enhanced Total Platform Cyber Protection (TPCP) Technologies for Improved Security (METIS),” according to a July

Workshops expose students to careers in semiconductor sector

ROME, N.Y. — NYDesign recently held two workshops, including one in Rome, designed to boost interest among college students in the semiconductor industry and hopefully inspire the next generation of chip designers. “This industry is relatively new as far as fundamentally important industries go,” says LaMar Hill, co-founder and executive director of NYDesign. In spite

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Launch NY invests in Ithaca firm, 12 others in first half

“With an average of over three transactions per month, Launch NY’s #InvestLocal programs remain the most active source of seed capital for new and growing startups in the upstate New York region, which are driving a robust entrepreneurial ecosystem and our regional economy overall,” Marnie LaVigne, president and CEO of Launch NY, said. “As we

Comptroller audit finds Herkimer County IDA didn’t properly approve and monitor projects

ALBANY, N.Y. — Herkimer County Industrial Development Agency (IDA) officials and board members didn’t properly approve and monitor economic-development projects, a recent local-government audit by New York State Comptroller Thomas P. DiNapoli found. As a result, the IDA’s board could not effectively evaluate projects or hold project owners accountable, per a July 11 news release

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