Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Cuomo announces $3.5 million is available for R&D to accelerate electric-car use
Gov. Andrew M. Cuomo has announced the availability of up to $3.5 million for “innovative” research and development (R&D) proposals to “accelerate” the use of electric vehicles, reduce the cost of installing and operating charging stations, and provide recommendations on how they can be used for grid resiliency. Funding for this initiative is available through […]
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
Gov. Andrew M. Cuomo has announced the availability of up to $3.5 million for “innovative” research and development (R&D) proposals to “accelerate” the use of electric vehicles, reduce the cost of installing and operating charging stations, and provide recommendations on how they can be used for grid resiliency.
Funding for this initiative is available through the state’s Clean Energy Fund. The effort is part of the governor’s plan to reduce the state’s greenhouse-gas emissions by 40 percent by 2030.
The New York State Energy Research and Development Authority (NYSERDA) will administer the solicitation, which is seeking proposals for research projects that show the potential impact of electric vehicles on job growth, technical advances, and the overall economy, according to a news release from the governor’s office.
An area of “particular interest,” the release explained, includes proposals for innovative business models and technologies to better manage the relationship between electric vehicles and the electric grid. For example, proposals could focus on:
• How to reduce the impact of charging vehicles on the grid;
• How vehicles can be integrated into buildings to provide backup power; or
• How to remotely manage electric-car charging at peak times.
Currently, electric vehicles use power from the grid to charge. However, fully charged vehicles can also return power to the grid, which can help provide “resiliency” during power outages or during peak times, such as hot summer days, the governor’s office said.
The transportation sector is responsible for 40 percent of energy-related greenhouse gas emissions in New York state. Compared to gasoline-powered cars, electric cars are more energy efficient and cost about 50 percent to 70 percent less to operate per mile, the state contends. As a result, New York is taking a “broad approach” to accelerating electric-vehicle market growth, per the governor’s office.
As of Nov. 1, there were about 23,000 electric vehicles registered in New York.
State announces urban forestry grants
Gov. Andrew M. Cuomo recently announced grant awards totaling $2.3 million for urban forestry projects in communities across New York state. The awards are funded through the state Environmental Protection Fund and are part of New York’s ongoing initiatives to address “invasive species, climate change, and environmental justice,” Cuomo’s office said in a news release.
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
Gov. Andrew M. Cuomo recently announced grant awards totaling $2.3 million for urban forestry projects in communities across New York state.
The awards are funded through the state Environmental Protection Fund and are part of New York’s ongoing initiatives to address “invasive species, climate change, and environmental justice,” Cuomo’s office said in a news release.
Grants were made available to municipalities, public benefit corporations, public authorities, school districts, soil and water conservation districts, community colleges, not-for-profit organizations, and Indian Nations. Awards — ranging from $11,000 to $75,000, depending on the municipal population. Tree inventories and community forestry management plans have no matching requirement. Tree planting and maintenance projects have a 25 percent match requirement.
The awarded projects target local environmental needs that can benefit the community and the environment, including watershed protection. Projects include reforestation in areas to restore forest canopy lost to invasive species such as the Emerald Ash Borer. Altogether, the state announced 51 project winners for the 2017 grants selected from 147 applications scored competitively.
“These investments will help improve the quality of life in New York neighborhoods by supporting the replacement of trees impacted by invasive pests,” Cuomo said.
Grant recipients by region include the following.
CENTRAL NEW YORK
Cortland County
• City of Cortland, $23,490: Cortland tree planting
Onondaga County
• City of Syracuse, $25,065: City of Syracuse inventory and cyclical management of the urban forest project
• Onondaga County Department of Water Environment Protection, $75,000: maintaining green infrastructure for storm water management
• Town of DeWitt, $24,350: Keeping DeWitt Green project
MOHAWK VALLEY
Oneida County
• Town of Floyd, $29,470: Floyd Town Park tree planting
• Mohawk Valley Community College, $49,000: City of Utica tree inventory project
Otsego County
• City of Oneonta, $50,000: City of Oneonta Emerald Ash Borer preventive maintenance program
• City of Oneonta, $42,240: City of Oneonta planting of street trees on Market Street Project
• City of Oneonta, $50,000: City of Oneonta general tree maintenance program
• Village of Cooperstown, $13,830: Cooperstown tree inventory and urban forest management plan
NORTH COUNTRY
Jefferson County
• City of Watertown, $18,000: City of Watertown Phase II tree inventory and citywide community forest management plan
St. Lawrence County
• Village of Massena, $50,000: Village of Massena tree inventory and forest management plan
SOUTHERN TIER
Broome County
• City of Binghamton, $50,000: City of Binghamton comprehensive tree inventory — Phase II
Steuben County
• Village of Bath, $19,800: Village of Bath tree maintenance program
Tompkins County
• Village of Dryden, $11,209: Tree planting on Main Street and elementary school neighborhood
The urban forestry grants complement the New York Department of Environmental Conservation’s (DEC) existing initiatives to address invasive species, climate change, environmental degradation, environmental justice, and urban sprawl, the release stated. Over the last six years, the state has funded more than $6.9 million in grants to support projects with a total value of more than $12 million.
“Urban forestry programs promote clean air, clean water, energy savings, and habitat creation,” DEC Commissioner Basil Seggos contended.
NYISO forecasts adequate electric capacity for winter season
New York’s electric system has the capacity to meet demand for electricity and the necessary operating reserves during extreme cold-weather conditions through the 2017-2018 winter season. That’s according to the New York Independent System Operator (NYISO), the nonprofit that operates New York state’s power grid. NYISO anticipates a peak demand of 24,365 megawatts (MW) for
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
New York’s electric system has the capacity to meet demand for electricity and the necessary operating reserves during extreme cold-weather conditions through the 2017-2018 winter season. That’s according to the New York Independent System Operator (NYISO), the nonprofit that operates New York state’s power grid.
NYISO anticipates a peak demand of 24,365 megawatts (MW) for this winter season. Last winter, peak demand reached 24,164 MW when weather was milder than the 10-year and 20-year averages.
New York’s record winter peak was set in 2014, during polar-vortex conditions that pushed demand to 25,738 MW, NYISO said in a news release issued Nov. 30.
Peak demand is a measurement of the average total electric demand by consumers for a one-hour period. One megawatt of electricity can serve between 800 and 1,000 homes.
The winter peak forecast is based on average winter-weather conditions, with composite statewide temperatures of 15 degrees to 16 degrees Fahrenheit. If extreme weather produces colder conditions, with temperatures in the 5 to 6 degree range, peak demand across the state could increase to about 25,989 MW.
Total capacity resources, which include generation, imports and demand response, are expected to total 44,557 MW this winter season. Installed generation capacity amounts to 41,454 MW.
Net external capacity purchases of 2,311 MW also have been secured for the winter period, NYISO said. Projected demand response resources, which enlist consumers to reduce electricity use during peak conditions, equal 792 MW.
The electric system requires surplus power supplies to guarantee that sufficient electricity is available in the event of unanticipated power-plant outages, transmission outages, or unexpected increases in power consumption.
New York’s grid operators maintain 2,620 MW of operating reserves daily, which means additional generation resources are scheduled above the amount needed to meet the projected demand for electricity on that day, NYISO said.
DEC, Cornell launch new Hemlock Woolly Adelgid biocontrol lab
The New York State Department of Environmental Conservation (DEC) and Cornell University have announced the creation of a new biocontrol laboratory on the Cornell campus focused on protecting the state’s ecologically vital population of hemlock trees. The $1.2 million lab, partially funded by DEC with money from the state’s Environmental Protection Fund and headed by
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
The New York State Department of Environmental Conservation (DEC) and Cornell University have announced the creation of a new biocontrol laboratory on the Cornell campus focused on protecting the state’s ecologically vital population of hemlock trees.
The $1.2 million lab, partially funded by DEC with money from the state’s Environmental Protection Fund and headed by Cornell entomologist Mark Whitmore, will be dedicated to researching and rearing biological controls to stop the spread of the invasive pest Hemlock Woolly Adelgid (HWA), according to a recent DEC news release. HWA is threatening trees in about half of New York’s 62 counties and more than 15 other states.
“Preventing the spread of invasive species is the most effective way to fight and address the damage these species can cause to our natural resources,” DEC Commissioner Basil Seggos said in the release. “DEC’s partnership and ongoing work with Cornell University researchers and the State’s investments in this new lab will help prevent the spread of this invasive pest, Hemlock Woolly Adelgid, with the use of better biological controls, bolstering our ongoing efforts to protect New York’s irreplaceable hemlock forests.”
HWA, a tiny insect from East Asia first discovered in New York in 1985, attacks forest and ornamental hemlock trees. It feeds on young twigs, causing buds to die and needles to dry out and drop prematurely.
Hemlock decline and mortality usually occur within four to 10 years of HWA infestation in the insect’s northern range. Damage from the insect has led to widespread hemlock death throughout the Appalachian Mountains and the southern Catskill Mountains with “considerable ecological damage, as well as economic and aesthetic losses,” the DEC said. HWA infestations can be most noticeably seen by the small, white, woolly masses produced by the insects that are attached to the underside of the twig, near the base of the needles, it explained.
Biological control, biocontrol for short, involves using “natural enemies” to manage the population of a pest. In the case of HWA, this means using predatory insects found in areas where HWA is native. The focus of the HWA biocontrol lab will be to research methods to grow healthy colonies of predatory insects and evaluate their effectiveness in managing HWA population growth, the DEC said. The goal is to establish multiple predator species throughout New York to reduce HWA populations below the level where they cause hemlock trees to die.
“Cornell CALS is a leader in the discovery of new and improved bio-controls, such as parasites, predators and weed eaters, that naturally minimize pest damage to fruits, vegetables, and our natural resources such as hemlocks and cattails,” said Kathryn J. Boor, dean of the Cornell College of Agriculture and Life Sciences. “Our researchers are carrying out our mission as NYS’ Land Grant University in working closely with New York State to safeguard our natural environment. The HWA lab will protect New York’s majestic hemlock trees by developing new controls for the Hemlock Woolly Adelgid, which is spreading at an alarming rate. We thank the DEC and lawmakers for their support for funding that enables this important research.”
Eastern hemlock trees are among the oldest trees in New York with some reaching ages of more than 700 years. They usually occupy steep, shaded, north-facing slopes and stream banks where few other trees can grow well. The trees help maintain erosion control and water quality, and the hemlocks shade cool waters — providing “critical habitat” for many of New York’s freshwater fish, including native brook trout.
Gov. Andrew M. Cuomo increased funding for invasive species control to $13 million from the Environmental Protection Fund in the 2017-18 state budget, including the funding for this “important lab” and a $2 million grant program for communities and groups across New York, per the release. This funding is providing “critical support” for prevention and eradication activities through programs like the Partnerships for Regional Invasive Species Management (PRISM) that protect against threats to New York’s biodiversity, economy, and human health.
Invasive species are detrimental because of their ability to reproduce quickly, outcompete native species, and adapt to new environments, the DEC noted. Because invasive species did not evolve with the other species in their new location, they often do not have “natural predators and diseases” that would usually control their population within their native habitat. Economists estimate that invasive species cost the United States more than $120 billion in damages every year, the DEC said.
More information on HWA — including identification, control techniques, and reporting possible infestations — is available at Cornell’s New York State Hemlock Initiative (www.nyshemlockinitiative.info) or the DEC’s website (http://www.dec.ny.gov/animals/7250.html).
KeyCorp raises dividend for a second time this year
KeyCorp (NYSE: KEY) — parent of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York area — recently boosted its quarterly cash dividend by 11 percent to 10.5 cents per share of its common stock. The dividend, up from the 9.5 cents that Key paid last quarter, is
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
KeyCorp (NYSE: KEY) — parent of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York area — recently boosted its quarterly cash dividend by 11 percent to 10.5 cents per share of its common stock.
The dividend, up from the 9.5 cents that Key paid last quarter, is payable on Dec. 15, to holders of record as of the close of business on Nov. 28.
This marks the second dividend increase that KeyCorp has initiated in 2017, following a 12 percent hike in the second quarter.
Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of $136.7 billion as Sept. 30.
In the 16-county CNY region, KeyBank had 68 branches and nearly $4.3 billion in deposits, good for a 14.42 percent market share, according to the latest FDIC statistics as of June 30.
ConMed to pay quarterly dividend of 20 cents a share in early January
UTICA — ConMed Corp. (NASDAQ: CNMD), a Utica–based surgical-device maker, recently announced that its board of directors has declared a cash dividend of 20 cents a share for the latest quarter. The dividend is payable on Jan. 5 to all shareholders of record as of Dec. 15, according to a company news release. At its
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
UTICA — ConMed Corp. (NASDAQ: CNMD), a Utica–based surgical-device maker, recently announced that its board of directors has declared a cash dividend of 20 cents a share for the latest quarter.
The dividend is payable on Jan. 5 to all shareholders of record as of Dec. 15, according to a company news release.
At its current stock price, the dividend yields 1.5 percent on an annual basis.
ConMed specializes in surgical devices and equipment for minimally invasive procedures. The company’s products are used by surgeons and physicians in specialties including orthopedics, general surgery, gynecology, neurosurgery, and gastroenterology.
The firm has a direct selling presence in 17 countries and international sales account for about half of its total sales. Headquartered in Utica, ConMed employs about 3,300 people worldwide.
ConMed generated total sales of $190.1 million in the third quarter, up nearly 3 percent from the year-ago period. The company reported net income of $7.2 million in the third quarter, down slightly from $7.3 million a year prior.

North Country Welcome Center slated for fall 2018 opening in Jefferson County
The state says construction crews will be building a North Country Welcome Center near the Thousand Islands Bridge in Collins Landing in Jefferson County. The North County center is one of 11 planned around New York, designed to promote local attractions, foods, craft beverages, and other destinations, according to a news release issued Nov. 30
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
The state says construction crews will be building a North Country Welcome Center near the Thousand Islands Bridge in Collins Landing in Jefferson County.
The North County center is one of 11 planned around New York, designed to promote local attractions, foods, craft beverages, and other destinations, according to a news release issued Nov. 30 by Gov. Andrew Cuomo’s office.
The office expects the North Country Welcome Center to open in the fall of 2018. It will include regionally specific elements linked to the history and natural beauty of the St. Lawrence River and the history of the area, Cuomo’s office said.
That history includes such attractions as Boldt Castle on Heart Island in Alexandria Bay and the Antique Boat Museum in Clayton.
The welcome center will include a Taste NY market showcasing locally grown and sourced products from across the North Country.
State lawmakers approved funding for the regional welcome centers as part of the fiscal year 2018 New York State budget, according to the release.
Cuomo last October announced the grand opening of the Long Island Welcome Center in Dix Hills in Suffolk County. Since then, the New York City Welcome Center opened in the Javits Center in Manhattan; the Mohawk Valley Welcome Center opened at Lock E-13, between Fultonville and Canajoharie along the New York State Thruway; and the Southern Tier Welcome Center opened in Kirkwood, Broome County.
New York in 2016 attracted a record 239 million visitors who spent nearly $65 billion, generating a total economic impact of more than $100 billion for the third straight year, according to Cuomo’s release. Tourism remains the state’s fourth largest employer, supporting more than 914,000 jobs annually.
Legislation Seeks to Protect Patients From High Air-Ambulance Costs
In an emergency where minutes are critical, medical professionals sometimes determine that patients need to be airlifted to a hospital rather than transported by traditional ambulance. This is particularly true in rural areas, where emergency rooms can be hundreds of miles away. During these occasions, decisions need to be made quickly and the last thing
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
In an emergency where minutes are critical, medical professionals sometimes determine that patients need to be airlifted to a hospital rather than transported by traditional ambulance. This is particularly true in rural areas, where emergency rooms can be hundreds of miles away. During these occasions, decisions need to be made quickly and the last thing EMT personnel and the patient are thinking about is how much the air transportation is going to cost and how will the cost be paid. Unfortunately, situations have arisen where patients who have utilized an air ambulance get the unwelcome surprise of receiving a huge bill (often exceeding $50,000) for the service. In these cases, the patient receives the bill because either his health insurer does not cover air-ambulance services, or the service was provided outside of his health-insurance network.
To try to protect patients from getting socked by these costs, a number of states have tried to regulate the air-ambulance industry. Unfortunately, such regulations have been overturned by courts on the basis that any state regulation of such transport is preempted by the Airline Deregulation Act (ADA) and therefore outside of the states’ regulatory authority. Presumably, the federal government could enact legislation to exempt air-ambulance regulation from being preempted by the ADA, but unfortunately so far has failed to do so.
While the ideal situation would be to have the federal government act, that does not appear to be forthcoming. In the meantime, I have been working with the air-ambulance industry and insurers through the National Conference of Insurance Legislators (NCOIL) to craft model legislation that would protect patients from being charged such substantial bills while at the same time insulate the legislation from being preempted by the ADA. I am pleased to say that NCOIL recently adopted a model bill, which I sponsored, that will accomplish just this.
Essentially, this model bill, which any state can use as a basis for its own legislation, would take the patient out of the billing process for air-ambulance services. Rather, the patient’s health insurer would be responsible for such payment even if the air-ambulance provider is out-of-network. The health insurer would be required to pay either (a) the amount billed by the air-ambulance service; (b) an amount negotiated with the air-ambulance service; or (c) what the insurer pays to an air ambulance in its network which cannot be less than the average rates published by air-ambulance services as determined by the state’s department of insurance.
If there is a disagreement between the insurer and the air-ambulance service regarding the bill, the model legislation provides for an independent dispute resolution where an independent reviewer could determine a binding amount that both parties would be forced to accept. The creativeness of the model legislation is that it gets around the ADA preemption issue by requiring any air-ambulance service that wishes to participate in the independent dispute-resolution process to waive its right to claim preemption under the ADA. It is anticipated that air-ambulance services would rather collect their costs from a health insurer rather than a patient and therefore will be motivated to agree to the independent dispute-resolution process and to waiving any claim of preemption.
Working with other state legislators from around the country, I am proud to have been able to come up with a solution to a problem that has caused tremendous financial hardship on families. In an emergency, a patient should not have to worry about whether necessary services, in this case air-ambulance services, will bankrupt his or her family. I look forward to introducing this model bill in the New York State Legislature this year and I am confident that the necessary support can be achieved to see the bill enacted into law.
William (Will) A. Barclay is the Republican representative of the 120th New York Assembly District, which encompasses most of Oswego County, including the cities of Oswego and Fulton, as well as the town of Lysander in Onondaga County and town of Ellisburg in Jefferson County. Contact him at barclaw@assembly.state.ny.us, or (315) 598-5185.
Much Work Remains to Contain College Costs
A college education is a powerful tool to empower future leaders, giving them the life-experience, knowledge, and professional skills necessary to thrive personally and professionally. Yet, crushing student debt continues to inhibit our next generation of public servants and entrepreneurs, and sky-high college costs remain a challenge for prospective students. Gov. Andrew Cuomo’s “free” college
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
A college education is a powerful tool to empower future leaders, giving them the life-experience, knowledge, and professional skills necessary to thrive personally and professionally. Yet, crushing student debt continues to inhibit our next generation of public servants and entrepreneurs, and sky-high college costs remain a challenge for prospective students.
Gov. Andrew Cuomo’s “free” college tuition program is misleading, at best, and does little to address systemic problems of debt and affordability affecting the broader student population. The Commission on Independent College & Universities (www.cicu.org) recently issued a report that showed a steep decline in student enrollment this fall, as compared to 2016. This program threatens an important private-sector industry and does nothing to help financially struggling low-and-medium-income students who find themselves at a financial disadvantage.
Getting more help to more students and recent grads
The Assembly Minority Conference is renewing its call to enact the Affordable College for All Initiative, which would help prospective college attendees at both public and private institutions, as well as address crippling debt holding back recent graduates. Our plan does the following.
• Increases the household-income threshold — The state’s existing Tuition Assistance Program (TAP) eligibility limit has not been adjusted from $80,000 in almost two decades. We propose phasing in raising the threshold to $125,000 in order to bring more students into the program.
• Makes the TAP awards bigger — We propose raising the maximum award to $6,470, from $5,165. In addition, all TAP recipients would receive at least a $500 increase.
• Assists graduate students — Graduate students lost TAP eligibility in 2010, and bringing it back would give even more New Yorkers the much-needed break they deserve. The average graduate-school borrower takes on more than $57,000 in combined debt from graduate and undergraduate education.
• Gives student-loan payers a tax break — New York gives outlandish tax breaks to Hollywood studios and luxury yacht owners, but not college graduates swimming in debt. Single filers could receive up to $4,000, head-of-household filers could get up to $6,000, and married filers could receive up to $8,000 in taxable income reductions on the principal and interest of their loans.
The governor’s headline-grabbing “free” tuition plan was a narrowly tailored initiative that ignores room and board, textbooks, and existing debt. It barely scratches the surface of a growing problem. We must enact programs that treat all students and institutions equitably and provide relief at each layer of higher education.
Brian M. Kolb (R,I,C–Canandaigua), a former small-business owner, is the New York Assembly Minority Leader and represents the 131st Assembly District, which encompasses all of Ontario County and parts of Seneca County. Contact him at kolbb@nyassembly.gov
DiMarco, Abiusi & Pascarella, CPAs, P.C.
DiMarco, Abiusi & Pascarella, CPAs, P.C. has hired TROY P. SEGAR as a principal. He is a graduate of SUNY Oswego and a CPA. CHRISTIAN DODGE has joined the firm as a supervisor. He is a graduate of St. John Fisher College and a CPA. JULIA BAILEY, ANDREW VANRIPER, and DANIELLE DANNHEIM joined the firm
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
DiMarco, Abiusi & Pascarella, CPAs, P.C. has hired TROY P. SEGAR as a principal. He is a graduate of SUNY Oswego and a CPA. CHRISTIAN DODGE has joined the firm as a supervisor. He is a graduate of St. John Fisher College and a CPA. JULIA BAILEY, ANDREW VANRIPER, and DANIELLE DANNHEIM joined the firm as staff accountants. Bailey and VanRiper graduated from Le Moyne College and Dannheim from SUNY Oswego. Bailey, VanRiper, and Dannheim previously served as interns. ANARAY LOSURDO joins DiMarco, Abiusi & Pascarella as an administrative assistant. She is a liberal arts candidate at Cayuga Community College expecting a December 2018 graduation. Losurdo has prior experience as a secretary and related administrative positions. KRISTIN SLAYTON was promoted to firm administrator at the firm. She graduated from Bryant & Stratton and Cayuga Community Colleges and previously served as an administrative assistant at the firm.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.