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

Rochester design firm expands CNY presence by buying Syracuse firm
SYRACUSE — LaBella Associates has acquired Harmony Architectural Associates, PC, of Syracuse in a deal that expands LaBella’s presence in the region. LaBella Associates on June 25 announced it had completed the acquisition. It is a design firm that is headquartered in Rochester with an existing office in Syracuse. LaBella did not release any financial […]

CNY, state jobless rates remain high in May amid pandemic
Syracuse region lost 55,000 jobs compared to year-ago month Unemployment rates in the Syracuse, Utica–Rome, Watertown–Fort Drum, Binghamton, and Elmira regions remained in double-digit figures in May amid layoffs during the COVID-19 pandemic. The Ithaca region was one of only two in the state (along with the Albany–Schenectady–Troy metro area) to register a single-figure jobless

Lockheed Martin to pay Q3 dividend of $2.40 a share
Lockheed Martin Corp. (NYSE: LMT) announced on June 25 that its board of directors has authorized a third-quarter 2020 dividend of $2.40 per share. The dividend is payable on Sept. 25, to holders of record as of the close of business on Sept. 1. It’s the same amount that Lockheed paid in each of the

Ithaca firm wins $12M software contract from Air Force
ITHACA — GrammaTech Inc. has been awarded a $12.2 million cost-plus-fixed-fee completion contract from the U.S. Air Force to provide Artemis Framework prototype software. This contract provides for research, design, development, demonstration, test, integration and delivery of the Artemis Framework, according to a June 26 U.S. Department of Defense contract announcement. The pact will enable

Broome County hotels had just over one-quarter of their rooms occupied in May, per report
BINGHAMTON — Hotels in Broome County saw a slight pickup in guests in May compared to April, but occupancy was still substantially down from a year ago due to the coronavirus pandemic’s impact on travel and hospitality, according to a recent report. The hotel occupancy rate (rooms sold as a percentage of rooms available) in

Oneida County reports 22 new COVID-19 cases
UTICA, N.Y. — Oneida County on Wednesday reported 22 new COVID-19 cases to bring the total to 1,584. The county also noted that “upon further

MVCC announces fall semester restart plan
UTICA, N.Y. — The upcoming fall semester at Mohawk Valley Community College (MVCC) will offer both online classes and in-person instruction beginning Aug. 31. MVCC

Bassett’s Valley Residential Services awarded COVID-19 fund grant
HERKIMER, N.Y. — Valley Residential Services of the Cooperstown–based Bassett Healthcare Network has received a nearly $11,000 grant from the Mohawk Valley COVID-19 Response Fund.

MARCY, N.Y. — Cree, Inc. (NASDAQ: CREE) and SUNY Polytechnic Institute (SUNY Poly) on Monday announced that Cree will donate $3.5 million for a scholarship
Syracuse firm becomes 30th company of Launch NY’s limited partner fund
SYRACUSE, N.Y. — Launch New York (Launch NY) has announced Promptous as its 30th limited partner (LP) fund portfolio company. Buffalo–based Launch NY says it’s
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.