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Syracuse one-bedroom apartment rent prices were flat in latest month, down nearly 6 percent from a year ago

The December 2020 Zumper National Rent Report found the median rental price for most apartments in the Syracuse metro area was unchanged compared to the previous month, but down almost 6 percent from the year-prior month, The median rental price of one-bedroom apartments in the Syracuse region was $800 in December, the same price as […]

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M&T Bank elects Godridge and Seseri to board of directors

BUFFALO, N.Y. — M&T Bank Corp. (NYSE: MTB) announced it recently elected Leslie Godridge and Rudina Seseri to its board of directors. Godridge recently retired as vice chair and co-head of corporate and commercial banking at US Bancorp. She joined US Bancorp in 2007 as executive VP and head of national corporate special industries and

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Oneida County hotels see fewer than four in 10 rooms occupied in November, a 30 percent drop in occupancy

UTICA, N.Y. — Oneida County hotels posted an occupancy rate (rooms sold as a percentage of rooms available) of 37 percent in November, down 29.7 percent from a year prior, according to STR, a Tennessee–based hotel market data and analytics company.  It was the biggest year-over-year decline in occupancy in the county since July as

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Sugar Blossom Cake Shop: “The Sweet Smell of Success”

If there were ever two young entrepreneurs that would make the sun shine from pure desire, I think I may have met them. The lyric from the song “Higher Love” epitomizes Kaleigh Ligoci and Lauren Scarpelli.  On Thursday, Dec. 3, the Greater Liverpool Chamber of Commerce cut the ribbon and officially welcomed Ligoci, Scarpelli, and their Sugar

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MMRI researchers to use AHA funding for autism study

UTICA, N.Y. — Researchers at the Masonic Medical Research Institute (MMRI) in Utica are beginning a study examining if there is a link between cardiac abnormalities and autism.  The American Heart Association (AHA) chose MMRI for the nearly $300,000 Transformational Project Award, per a news release. Maria Kontaridis, MMRI executive director, and Gordon Moe, professor

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CNY jobless rates remain higher than a year ago amid significant job losses

Unemployment rates in the Syracuse, Utica–Rome, Binghamton, and Elmira regions were mostly below 6 percent in November 2020 but remained higher compared to a year ago amid the continuing negative economic impact of the COVID-19 pandemic and government restrictions on business activity. Bucking the trend, the jobless rate in the Watertown–Fort Drum area was lower this past

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Saab DeWitt plant wins $18 million modification to Navy radar-system contract

DeWITT, N.Y. — Saab, Inc.’s DeWitt operation has been awarded a nearly $18.2 million modification to a previously awarded contract from the U.S. Navy. The firm-fixed-price and cost-plus-fixed-fee adjustment to this pact will exercise options for production and engineering support of Multi-Mode Radar (MMR) systems.  Under this contract, Saab manufactures, inspects, tests, and delivers MMR

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VIEWPOINT: COVID-19 Business-Succession Planning

In just [10] months, the COVID-19 pandemic has changed nearly everything — how we work, play, teach, shop, and travel. And its full impact is still not known, as the virus continues to claim lives and livelihoods. Amid so much tumult and uncertainty, it’s essential for business owners to review and update their business-succession plans.

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New York’s closed & pending home sales jump in November

ALBANY, N.Y. — New York realtors sold 13,276 previously-owned homes in November, up 21 percent from 10,961 homes sold in November 2019, as the housing market continued to show strength amid a limited inventory of homes. The growth of closed sales is also likely to continue as pending sales in November climbed more than 32

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Health-benefit costs rose 3.4% in 2020 for firms with 50-plus employees

Total health-benefit costs rose 3.4 percent, on average, in 2020, reaching $13,674 per employee among all U.S. employer health-plan sponsors with 50 or more employees.  That’s according to the annual Mercer “National Survey of Employer-Sponsored Health Plans 2020,” which the firm released Dec. 8. The 3.4 percent figure represents “the lowest annual health-cost increase in over two

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