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

Downtown Ithaca Alliance launches living and staying virtual tour
ITHACA, N.Y. — The Downtown Ithaca Alliance (DIA) is providing some virtual help to anyone who is curious about what it’s like to live or stay in downtown Ithaca. The organization on May 17 launched the virtual Downtown Living and Staying Tour on the website downtownithaca.com, allowing users to see available apartments and lodging on […]

State has $250M available for projects at Upstate airports
Airports in upstate New York can apply for a pool of money totaling $250 million that is available to “transform and modernize airports in upstate New York and foster regional economic development.” The figure includes $230 million through a new Upstate Airport Economic Development and Revitalization competition for projects that “promote and accelerate” improvements at Upstate

Construction projects among those targeted in Potsdam’s $10M state downtown-funding grant
POTSDAM, N.Y. — Construction and renovation work will be among the eight projects that will benefit from the state’s $10 million award in the Downtown Revitalization Initiative for the village of Potsdam in St. Lawrence County. The office of Gov. Andrew Cuomo on May 19 announced Potsdam’s list of projects. The eight projects will help

Construction underway on $19M housing development in Oneonta
ONEONTA, N.Y. — Construction has begun on Dietz Street Lofts, a $19 million mixed-use, mixed-income affordable-housing development in Oneonta that will create 64 affordable homes. The project supports the economic-development efforts underway in Oneonta, as part of the city’s selection as a winner of the $10 million Downtown Revitalization Initiative (DRI) for the Mohawk Valley,

NBT names Brown to board of directors
NORWICH, N.Y. — NBT Bancorp Inc. (NASDAQ: NBTB) recently announced that J. David Brown has joined the boards of directors for NBT Bancorp and its primary subsidiary, NBT Bank, N.A. Brown is president and CEO of the Capital District YMCA, where he has worked for 28 years to “create better opportunities for all through community

ConMed to pay Q2 dividend of 20 cents a share in early July
ConMed Corp. (NYSE: CNMD), a surgical-device maker founded in the Utica area, recently announced that its board of directors has declared a quarterly cash dividend of 20 cents a share for the second quarter. The dividend is payable on July 6 to all shareholders of record as of June 15. ConMed manufactures surgical devices and

Five Star Bank parent company to pay Q2 dividend in early July
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent of Five Star Bank, announced that its board of directors has approved a quarterly cash dividend of 27 cents per share of its common stock for the second quarter. The dividend is the same amount that the banking company paid for the first quarter, when it
Jefferson County hotel occupancy rate skyrockets in April
WATERTOWN — Hotels in Jefferson County posted another huge increase in guests in April compared to a year ago, as the hospitality industry recovers from the pandemic’s disruptions to travel and business, according to a recent report. The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county soared 157.8 percent

Flood-mitigation project on Sauquoit Creek in Mohawk Valley set to begin
WHITESTOWN, N.Y. — New York State and the Town of Whitestown will start construction this month on a $3.9 million flood-mitigation project to bolster resilience

New York’s COVID hospitalizations fall to lowest level since last October
ALBANY, N.Y. — New York State on Friday reported that the number of people hospitalized with COVID-19 fell by 54 in the latest day to
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.