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Hematology oncology group joins Mohawk Valley Health System
UTICA, N.Y. — The hematology/oncology group of Drs. Atul Butala, Samir Desai, and Alicia DeTraglia on Monday joined the Mohawk Valley Health System (MVHS)
SBA recognizes Utica business owner as Upstate Young Entrepreneur of the Year
UTICA, N.Y. — The U.S. Small Business Administration (SBA) has recognized a Utica business owner as upstate New York’s Entrepreneur of the Year. The SBA
Ithaca real-estate agency acquires Corning firm
CORNING, N.Y. — Ithaca–based Warren Real Estate announced it has acquired Coldwell Banker Horizons Realty in Corning, giving the agency its seventh office in the
SUNY Oswego to resume in-person classes on Monday
OSWEGO, N.Y. — Classes at SUNY Oswego will restart in person on Monday, Oct. 5, SUNY Chancellor Jim Malatras and SUNY Oswego President Deborah Stanley
Genius NY winner Geopipe wants to grow its presence in Central New York
SYRACUSE — Geopipe — a four-year-old startup founded in New York City — captured the $1 million grand prize in this year’s Genius NY competition. Geopipe has grown through investment and grants, and with offices across three cities, “it continues to develop deep tech to digitize our analog world,” the office of Gov. Andrew Cuomo
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SYRACUSE — Geopipe — a four-year-old startup founded in New York City — captured the $1 million grand prize in this year’s Genius NY competition.
Geopipe has grown through investment and grants, and with offices across three cities, “it continues to develop deep tech to digitize our analog world,” the office of Gov. Andrew Cuomo announced on Sept. 17.
“We’re grateful for the support of the Genius NY coaches, mentors, and other startups as we’ve accelerated Geopipe beyond our 2020 goals,” Christopher Mitchell, CEO and co-founder of Geopipe, said in a statement. “We’re looking forward to growing our team in Central New York and elsewhere, as we move Geopipe even faster towards our vision of the whole-Earth digital twin. If you are passionate about 3D data, open world gaming, or building intelligence to automatically rebuild the Earth in the digital space, we want to talk to you!”
Mitchell co-founded the firm with Thomas Dickerson, who served as Geopipe’s chief science officer, per the company’s website. They met in 2002 while teaching themselves programming using graphing calculators.
Geopipe says it is building a “whole-Earth digital twin” by using advanced artificial intelligence (AI) to create “immersive 3D models of the real world.” The company notes that it enables game and simulation developers, automotive and construction professionals, and others to stream “perfect virtual copies of real places into software and experiences.”
Geopipe’s AI creates lookalike copies of the real world and labels every detail, so the virtual worlds are “readable by machines like self-driving vehicles.”
The Genius NY competition also had four other finalists. BotsAndUs from the United Kingdom; Droneseed from Seattle, Washington; Eget Liber from Syracuse; and Skyy Network from Australia were each awarded an investment of $500,000.
New York State has now invested $20 million in Genius NY over four rounds of the competition, Cuomo’s office said.
Genius NY stands for Growing ENtrepreneurs & Innovators in UpState New York.
The state describes the Genius NY program as the “world’s largest” business competition focused on unmanned systems, cross-connected platforms, and other technology-based sectors.
About Genius NY
The year-long, business accelerator awarded a total of $3 million to the five finalist teams at its virtual finals event during which the five teams pitched their business plans to a panel of eight judges. Following the pitches, all five competitors were awarded one of five investments.
“The Genius NY investments further enable this year’s teams to continue accelerating their growth in Central New York,” said Robert M. Simpson, president and CEO of CenterState CEO.
Genius NY participants are required to operate their business in Central New York for at least one year.
Despite the COVID-19 pandemic, Genius NY has continued to offer programming and resources to current and past participants. Over the last four months, teams have been able to hire local interns, continue to test the market, and even secure follow-on funding. The program — which CenterState CEO’s business incubator administers — also offers incubator space, company resources, programming, and mentoring.
Construction begins on $2.5M REDI project in Sackets Harbor
SACKETS HARBOR — A construction project is underway in Sackets Harbor in Jefferson County, seeking to address flood-water damage on Brown Shore Road along the eastern end of Lake Ontario. The flooding of 2019 left 12 inches of standing water on the roadway, leaving Brown Shore Road “impassable and resulting in a temporary road closure.”
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SACKETS HARBOR — A construction project is underway in Sackets Harbor in Jefferson County, seeking to address flood-water damage on Brown Shore Road along the eastern end of Lake Ontario.
The flooding of 2019 left 12 inches of standing water on the roadway, leaving Brown Shore Road “impassable and resulting in a temporary road closure.”
The state awarded the project a $2.5 million Resiliency and Economic Development Initiative (REDI) grant, the office of Gov. Andrew Cuomo said in a Sept. 25 news release.
The proposed mitigation measures in the project include raising the roadway up to 18 inches and installing shoreline stabilization.
Brown Shore Road is a local two-lane roadway and the only access road for shoreline parcels. The construction effort will protect the “critical infrastructure from further depredation and disruption of usage, enhancing public safety and access to residences,” per Cuomo’s office.
The Brown Shore Road project is one of three projects that has been awarded to the Village of Sackets Harbor through REDI. Additional projects are scheduled to break ground in 2021.
Lt. Gov. Kathy Hochul attended a Sept. 25 event to announce the start of construction on the project.
“Waterfront communities along Lake Ontario have faced tremendous challenges in recent years, but New York is leading the way to help them build back better, smarter and more resilient,” Hochul said. “Our top priority is protecting the people who live in these communities and the Brown Shore Road project in Sackets Harbor will enhance public safety and ensure that access to the roadway and nearby residences is uninterrupted in the future.”
About REDI
In response to the “extended pattern” of flooding along the shores of Lake Ontario and the St. Lawrence River, Cuomo created REDI to increase the resilience of shoreline communities and boost economic development in the region.
Five REDI regional planning committees — comprised of representatives from eight counties — were established to identify local priorities, at-risk infrastructure and other assets, and public-safety concerns. The counties are Jefferson, St. Lawrence, Oswego, Wayne, Cayuga, Monroe, Orleans, and Niagara.
The REDI Commission allocated $20 million for homeowner assistance, $30 million to improve the resiliency of businesses, and $15 million toward a regional dredging effort that will benefit each of the eight counties in the REDI regions. The remaining $235 million has been allocated toward local and regional projects.
The REDI commission toured areas hard hit by flooding on Lake Ontario and worked with local communities to come up with a “new vision for the shoreline from both a resiliency and economic development point of view in order to build back better and stronger for the future,” per the release.
Those involved developed a package of actions, ranging from legislative changes to aid packages to executive actions. Part of this plan includes ways to “harden” public facilities and enhance natural features such as living shorelines and sand replenishment on the Lake Ontario waterfront, Cuomo’s office said.
SRCTec wins up to $93 million contract for radar-system components
CICERO — SRCTec, LLC has been awarded up to a $93 million contract from the Defense Logistics Agency for hardware spare and repair components of the AN/TPQ-50 Counterfire Target Acquisition Radar System. It’s a firm-fixed-price, cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract, according to a Sept. 23 announcement from the U.S. Defense Department. This was a competitive contract acquisition
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CICERO — SRCTec, LLC has been awarded up to a $93 million contract from the Defense Logistics Agency for hardware spare and repair components of the AN/TPQ-50 Counterfire Target Acquisition Radar System.
It’s a firm-fixed-price, cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract, according to a Sept. 23 announcement from the U.S. Defense Department.
This was a competitive contract acquisition with one response received. It’s a five-year base contract with one five-year option period, per the announcement.
The work will be completed in New York state, with a Sept. 23, 2025 ordering period end date. The U.S. Army will use the equipment Lockheed provides. This type of appropriation covers fiscal 2020 through 2025 Army working- capital funds.
The contracting authority is the Defense Logistics Agency Land and Maritime at Aberdeen Proving Ground in Maryland.
SRCTec, based in Cicero, describes itself as a manufacturing and life-cycle management company specializing in the production of advanced military electro-mechanical products. The company is a wholly owned subsidiary of SRC, Inc., which is a nonprofit research and development company also headquartered in Cicero. Anthony Stewart is the general manager of SRCTec.
Lockheed Martin wins up to $25 million radar contract from U.S. Air Force
SALINA — Lockheed Martin Corp.’s (NYSE: LMT) Syracuse–area plant was recently awarded up to a $25 million indefinite-delivery/indefinite-quantity contract from the U.S. Air Force for the Atmospheric Early Warning System AN/FPS-117 radar program. This contract provides for contractor logistics support and radar hardware/spares procurement, according to a Sept. 28 contract announcement from the U.S. Defense
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SALINA — Lockheed Martin Corp.’s (NYSE: LMT) Syracuse–area plant was recently awarded up to a $25 million indefinite-delivery/indefinite-quantity contract from the U.S. Air Force for the Atmospheric Early Warning System AN/FPS-117 radar program.
This contract provides for contractor logistics support and radar hardware/spares procurement, according to a Sept. 28 contract announcement from the U.S. Defense Department. Work will be performed at Lockheed’s plant in the town of Salina, as well as at various sites in Alaska, Hawaii, Canada, Puerto Rico, and Utah.
The work is expected to be complete by March 2026. This contract award resulted from a sole-source acquisition, per the announcement. Fiscal 2020 operations and maintenance funds totaling nearly $3.95 million are being obligated at the time of award. Hill Air Force Base in Utah is the contracting authority.
Grow-NY finalists to pitch their ideas for prize money in November
ITHACA — The 20 finalists in this year’s Grow-NY competition — including two Ithaca companies — will pitch their business plans at the virtual Grow-NY Food and Ag Summit, scheduled for Nov. 17 and 18. The Ithaca firms, Halomine and Norwhey, are among the finalists announced Sept. 16 in the second year of the state’s
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ITHACA — The 20 finalists in this year’s Grow-NY competition — including two Ithaca companies — will pitch their business plans at the virtual Grow-NY Food and Ag Summit, scheduled for Nov. 17 and 18.
The Ithaca firms, Halomine and Norwhey, are among the finalists announced Sept. 16 in the second year of the state’s $3 million Grow-NY competition.
Halomine develops anti-microbial products to ensure the safety of the food supply. Norwhey seeks to transform New York state’s yogurt whey into “delicious and sustainable” alcoholic beverages, as described in a news release from the office of Gov. Andrew Cuomo.
Grow-NY is a food innovation and agriculture technology business challenge focused on enhancing the emerging food, beverage, and agriculture innovation cluster in Central New York, the Finger Lakes, and the Southern Tier.
The finalists also include two firms from Rochester. Leep Foods grows organic mushrooms using regenerative soil methods on “nutrient-enriched” American hardwoods for consumers and restaurants. Crystal Creek Organics converts soluble phosphorous in liquid manure into a non-soluble, revenue-generating, solid by-product.
In all, 264 startups applied from 27 countries, including Israel, Germany, and Argentina. In the U.S., 26 states were represented, including 98 entries from New York.
A panel of 30 independent judges — which included food, beverage, and agriculture businesses and academics — reviewed all the applications to determine the top 20 finalists.
Grow-NY will award a total of $3 million in prize money to seven winners. This includes a $1 million top prize, two $500,000 prizes and four $250,000 prizes.
Cornell University’s Center for Regional Economic Advancement is administering the competition and Empire State Development is providing funding for the Grow-NY contest through its Upstate Revitalization Initiative connected with the three regions — CNY Rising, Finger Lakes Forward, and Southern Tier Soaring.
The winner will be required to make a positive economic impact in the Grow-NY region, which features counties within Central New York, the Finger Lakes, and the Southern Tier.
Other finalists
Besides Halomine, Norwhey, Leep Foods, and Crystal Creek Organics, the group of Grow-NY finalists also includes the following companies:
• AgTrace of Florianopolis, Brazil, which provides a traceability product that incorporates farming information and captures, stores, and processes data while connecting stakeholders
• ARPAC of Porto Alegro, Brazil, which creates and integrates heavy-lifting drones that apply pesticides in a fast and localized manner, “with uniformity and precision,” per the Grow-NY release.
• Asarasi of Katonah, New York (Westchester County), a firm that recovers the wasted 97 percent maple water by-products of the maple industry, providing a “sustainable alternative” to traditional bottled water
• brytlife foods of Kerhonkson, New York (Ulster County), which crafts sustainably sourced vegan artisanal cheese and yogurt with “next level nutrition from 100 % plants”
• Re-Nuble of New York City, a firm that “transforms food waste into industrial-grade, water soluble, organic hydroponic nutrients for soilless farming,” as described in the release.
• Ripe.io of New York City, which provides a platform to access transparent and reliable information on the origin, journey, and quality of one’s food
• Candidus of Hull, Georgia, which develops “cost-effective” supplemental lighting strategies and control systems for commercial greenhouse operations
• FreshSource of Giza, Egypt, a firm that “empowers smallholder farmers by connecting them to fair, modern and transparent markets”
• InnerPlant of Davis, California, which “genetically transforms plants into living sensors” to increase yield and reduce agrochemical waste
• Nordetect of Copenhagen, Denmark, which provides “rapid” chemical analysis for nutrients in the agri-food industry
• PittMoss of Ambridge, Pennsylvania, a firm that produces a “next generation growing media that is proven to grow bigger, stronger plants than most peat-based mixes”
• PureSpace of Busan, South Korea, which extends shelf-life and improves food safety by decomposing ethylene gas, airborne mold, and viruses “effectively and efficiently”
• Simply Good Jars of Philadelphia, Pennsylvania, a company that expands access to sustainable, restaurant quality meals in a “convenient, pre-packaged format”
• SoFresh of Pleasant Prairie, Wisconsin, a firm that manufactures a “unique” packaging material with an organic vapor to extend the shelf life of fresh bread
• Soos Technology of Kidron, Israel, which “mitigates male-chick culling by transforming male chickens into egg-laying females”
• Zetifi of New South Wales, Australia, which enables farmers to access “fast and reliable” connectivity across the entirety of their property
New York closed home sales fell in August, but listings and pending sales jumped
ALBANY, N.Y. — New York realtors closed on the sale of 12,006 previously owned homes in August, down nearly 15 percent from 14,079 homes sold in August 2019 as the inventory of homes remained constrained. That’s according to the New York State Association of Realtors (NYSAR)’s August housing-market report issued Sept. 22. The number of
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ALBANY, N.Y. — New York realtors closed on the sale of 12,006 previously owned homes in August, down nearly 15 percent from 14,079 homes sold in August 2019 as the inventory of homes remained constrained.
That’s according to the New York State Association of Realtors (NYSAR)’s August housing-market report issued Sept. 22.
The number of homes for sale in the Empire State fell almost 21 percent to 52,595 in August from 66,426 a year ago.
However, the report contained signs of improving numbers as pending sales soared more than 40 percent in August to 17,913 from 12,753 a year ago. And new listings rose 17.6 percent to 21,408 from 18,207 in August 2019.
Home prices moved higher as the median sales price in New York was up 7.7 percent to $309,175 from $287,000 a year earlier.
The months’ supply of inventory in the state fell 19 percent to 4.6 months. It stood at 5.7 months at the end of August 2019. A 6-month to 6.5-month supply is considered to be a balanced market, per NYSAR.
“As we look towards the fall, we normally see housing activity begin to slow a bit as the back-to-school season begins, but this year is far from normal. While uncertainty remains on what effects the upcoming elections and any seasonal resurgence of COVID-19 may have on the financial and housing markets, the healthy housing demand we see today will create significant tailwinds in the near term,” NYSAR said in its report.
Central New York data
Realtors in Onondaga County sold 512 previously owned homes in August, down 6 percent from 546 in the same month in 2019. The median sales price rose 14 percent to $182,000 from $159,540 a year ago, according to the NYSAR report.
NYSAR also reports that realtors sold 163 homes in Oneida County in August, down 25 percent compared to the 218 sold in August 2019. The median sales price increased 17.5 percent to $161,000 from $137,000 a year prior.
Realtors in Broome County sold 190 existing homes in August, up more than 7 percent from 177 a year ago, according to the NYSAR report. The median sales price rose 1 percent to more than $135,000 from nearly $134,000 a year ago.
In Jefferson County, realtors closed on 142 homes in August, up about 19 percent from 119 in August 2019, and the median sales price of $181,000 was up13 percent from $160,000 a year earlier, according to the NYSAR data.
All home-sales data is compiled from multiple-listing services in New York state and it includes townhomes and condominiums in addition to existing single-family homes, according to NYSAR.
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