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Buffalo private-equity firm acquires ICM Controls
CICERO, N.Y. — ICM Controls, Inc. of Cicero and its affiliates are now under the ownership of Lorraine Capital, LLC, a Buffalo–based private-equity firm. ICM Controls is a manufacturer of electronic control products. ICM, which has about 300 employees, is based in Cicero at 7313 William Barry Blvd., off East Taft Road. Lorraine Capital acquired […]
New York Business Plan Competition Winners for 2022
NEW PALTZ, N.Y. — The Upstate Capital Association of New York recently announced the list of winners for its 2022 New York Business Plan Competition (NYBPC). The association named the 2022 Grand Prize winner, along with special prize winners at Venture NY, which it says is its “marquee early-stage event.” The NYBPC Grand Prize Winner
Port of Oswego opens grain-testing lab
OSWEGO, N.Y. — The Port of Oswego Authority (POA) has opened its grain-testing lab, which is part of the new $15 million grain-export center. The
Tompkins Financial pays Q2 dividend of 57 cents
ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors approved payment of a regular quarterly cash dividend of 57 cents per share for the second quarter. The dividend is payable on May 16, to common shareholders of record on May 10. The dividend is the same amount that the
New CNY Irish Festival set for July in Oneida County
DEANSBORO, N.Y. — The newly formed Central New York Irish Festival is set for Friday and Saturday, July 22 and 23 at MKJ Farm in
ConMed boosts 2022 forecast based on Q1 results, acquisition
The lingering COVID-19 pandemic played a role in limiting sales to just single-digit percentage growth for the first quarter of 2022 for ConMed Corp. (NYSE: CNMD), a medical-device manufacturer with roots in the Utica area. However, the company boosted its full-year guidance based on its first-quarter performance, along with a recently announced acquisition. “March was our
Chemung Chamber offers May 26 webinar on disability inclusion
ELMIRA, N.Y. — The Chemung County Chamber of Commerce will present a panel-discussion webinar educational series at 10 a.m. on Thursday May 26 on how
Wheels are in motion for Binghamton entrepreneur
BINGHAMTON, N.Y. — The owner of Chenango Point Cycles in Binghamton has taken his love for bicycling and purchased a business that focuses on that activity. His efforts also earned him recognition as the 2022 Small Business Person of the Year Award from the Upstate New York District of the U.S. Small Business Administration (SBA).
Syracuse airport says April passenger traffic rebounds to pre-pandemic levels
SYRACUSE, N.Y. — The number of travelers using Syracuse Hancock International Airport (SYR) in April rebounded to surpass pre-pandemic levels, the Syracuse Regional Airport Authority
PAR Technology posts strong first-quarter revenue growth
NEW HARTFORD, N.Y. — PAR Technology Corp. (NYSE: PAR) generated double-digit sales growth in the first quarter of 2022, but still posted a net loss
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