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St. Elizabeth Medical Center (SEMC) in Utica and Samaritan Medical Center (SMC) in Watertown have reached tentative agreements with the union representing nurses at both

Watkins Glen to get IndyCar race again in 2017 and 2018
WATKINS GLEN, N.Y. — Watkins Glen International is hosting an IndyCar race this Labor Day weekend as a fill-in for Boston. But it won’t be

Indium invests big in college-internship program
CLINTON — “We’ve sponsored college internships at Indium [Corp.] for years,” declares Rick Short, the company’s director of marketing communications, “but it was never formalized. The original idea was that providing summer jobs for college students was a nice thing to do. What started out as altruism changed when the supervisors discovered that the interns
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CLINTON — “We’ve sponsored college internships at Indium [Corp.] for years,” declares Rick Short, the company’s director of marketing communications, “but it was never formalized. The original idea was that providing summer jobs for college students was a nice thing to do. What started out as altruism changed when the supervisors discovered that the interns were talented, skillful, and capable of being productive. So, stage two involved getting as much value from the interns as possible. That worked very well, too. In stage three, we woke up to the connection between the internship experience and the potential for full-time hiring. That’s when I started calling these internships a slow-motion job interview.”
Last year, Indium decided to formalize the program companywide as a component of its plan to build a world-class workforce. “Indium is a global company, and we need to attract the best talent to compete,” Short stipulates. “There is a lot of competition for the talent pool, and our internship program helps to attract high-performance people who are really smart. The program is driven by our department supervisors who submit requests for the interns, accompanied by an explanation of why they are needed and a description of the projects they will work on. A committee reviews the requests and determines which ones will be granted.
“It’s amazing how popular the internship program has become,” says Short, “because the supervisors are competing [aggressively] for the interns. This year, the committee approved 10 paid-internship positions and then widely promoted the openings. The program runs from June 1 through Aug. 10. The effort netted 300 applications.”
Indium offers internships in purchasing, R&D, process development, accounting and finance, administrative support, chemical engineering, mechanical engineering, manufacturing engineering, quality control, human resources, information systems, marketing, marketing communications, operations, nanotechnology, and tool and die making. Jim McCoy, the company’s talent-acquisition coordinator, oversees the program.
The idea of internships sprang up in the 11th and 12th centuries from the professional apprenticeships required by European trade guilds. Apprentices typically served a master craftsman for most of their teen years, eventually graduating to journeyman status and acceptance as a guild member. In the age of industrialization, the guild system was replaced by union apprenticeships. It wasn’t until the late 1960s that formal internships started to appear in the business world. In the 1980s, business schools began to establish internship programs and made them more appealing by granting course credits.
Interns
“This has been a wonderful experience,” avers Lucia Forte, at the beginning of her 9th week of a 10-week program as a marketing communications intern at Indium. In September, Forte will start her senior year at the Rochester Institute of Technology as a new-media-marketing major in the business school. “I worked at headquarters on a number of projects, ranging from making the company’s website more e-commerce friendly, such as optimizing the shopping-cart experience. I also worked on securing the website-purchasing transactions. Other projects included my work in communications, including blogging, overseeing the internship blog page, coaching interns on their blogging efforts, creating the 2016 internship page, and internal corporate announcements. In some sense, I was the ‘window’ for all of the interns who were scattered at multiple locations, and I also was the contact with outside vendors such as the Paige Group and Quadsimia. My experience here has reinforced my confidence that I am good at communications, and this is a career I want to pursue.”
“I appreciated working closely with my supervisor, Anita Brown, who made sure that the work was meaningful, let me figure out how to complete the assignment, and was always responsive when I needed help,” continues Forte … “Another thing that impressed me was the company’s efforts to help the interns grow as individuals, spending time on things not directly beneficial to Indium. For example, every Wednesday all of the interns had Lunch-and-Learn together and listened to a variety of presenters. The topics at lunch included presentations on mentorship, interpersonal competence, intellectual property, personal branding and social media, networking and communications, and résumés.”
Matthew Haddad, a desktop-administrator intern at Indium, says, “This is my third college internship and by far the best.” Haddad is a Utica College undergraduate majoring in cybersecurity and information assurance with a concentration in cybercrime investigation and forensics. “Previously, I interned at Excellus BCBS as a data analysis and recovery intern, reviewing claims overpayments. My other internship was at Community Bank in Cicero, investigating fraudulent activity. Indium was my first choice for internships this summer, because I wanted to work in IT. I got to work with state-of-the-art software that automates multiple OS patching, scans for vulnerabilities, audits both hardware and software, and runs compliance reports. From day one, I hit the ground running, eventually working on four different projects ranging from the help desk to software deployment and records retention. I found that I enjoyed the help desk, interfacing on the phone with Indium staff. Everyone starts out frustrated with his or her own problem, but I let that roll off my back. There was a lot of satisfaction helping people, and I found that I was good at it. The program was well-organized, and the work was meaningful. Everyone treated the interns as fellow employees, as part of the team. This summer strengthened my abilities in project planning, communications, organizing, and networking.”
Mentors
Jeffrey Rivet, the network administrator at Indium, mentored Haddad’s internship. “On day one, I on-boarded Matt as though he were a regular employee,” explains Rivet. “That means treating him as if he will be here forever. My goal was to get him up to speed as soon as possible and leverage his knowledge learned at school. That’s why I spent as much time mentoring him as a new, [full-time] employee. What I really loved were his fresh ideas, his new point-of-view. Matt always asked why we were doing something a certain way, and it made me re-evaluate our … [processes]. After every event, we did a ‘like-best-next-time’ to review our new training, skills, and ideas to make the next time better.”
Anita Brown, senior marketing/communications manager at Indium and Forte’s mentor, echoes Rivet’s positive assessment of the program. “The company tailors an internship to the new intern,” she observes. “Lucia came with a new perspective and an understanding of new technologies on how to do things. We would discuss a project and what we wanted to achieve. Then she worked independently and came to me only when she needed help … I love to mentor new interns and watch the bonding process, as the interns work with each other and with the staff.”
Benefits of internships
Short summarizes the benefits of the college-internship program to Indium. “This program is important to help fill the pipeline with future employees,” he says. “Of the 12 interns who joined us last year, the first year of the new program, Indium hired three after the program concluded. We also know that college campuses are viral environments so word about the program spreads quickly and helps to draw more applicants. In addition, the program gives the company an opportunity to test-drive the interns, the most effective way to evaluate not just their talent but also how well they adapt to the corporate culture. Interns increase the company’s productivity by utilizing short-term support to keep our full-time employees from being overburdened [by side projects].
“We also know from national statistics that interns who have completed a program tend to stay with the company longer than those who did not participate in an internship, and, in addition, they tend to be highly motivated. And finally, creating this program is a way for Indium to give back to the community that has supported us by helping students gain experience, make connections, strengthen their résumés, learn about a field, and assess their personal interests and abilities,” Short continues.
Haddad, in a blog he wrote for the company on July 22, listed the benefits of the internship to the interns. “The first benefit … is that an internship provides the opportunity to learn more and get more experience in a field,” he wrote … “Secondly, an internship gives the opportunity to decide if a person has chosen the correct career path … The third benefit would be that you can help benefit the company or organization you are interning for … The fourth benefit … is the networking … Working in an actual professional setting can give a student a huge advantage … Networking and building connections can put you ahead of the game … Finally, the fifth … benefit is that an internship can lead to a job.”
National stats
A study by the National Association of Colleges and Employers, from data collected between Nov. 9, 2015, and Feb. 17, 2016, and released in May 2016, highlighted national trends in corporate internships. First, employers typically begin recruiting interns eight months before their start date. Second, interns are most widely sourced from open applications. Third, the most widely used criteria for employers deciding from which college to select interns include the majors offered, the company’s recruiting experience, the quality of the school’s program, and the school’s geographic location. Preference for selecting candidates includes the applicant’s field of study, a high GPA, and leadership experience. Historically, full-time, entry-level hires converted from an employer’s own internship program are more likely to remain with the employing organization than their counterparts who have no experience with a program or gained their experience with another company. The average hourly wage paid to interns at the undergraduate level is $17.69.
Indium is a materials supplier to the global electronics assembly, semiconductor fabrication and packaging, solar-voltaic, and thermal-management markets. Founded in 1934, the company employs 800 — 450 of whom work in the Mohawk Valley. In the past two years, Indium has added 100 employees. In addition to corporate headquarters in Clinton, the company also has domestic locations in Utica and Chicago. Overseas, Indium has plants in China, Singapore, Korea, the UK, and Italy, for a total of 11 manufacturing sites worldwide occupying 385,000 square feet of space. The Business Journal estimates the company, which holds more than 50 patents, generates annual sales of more than $200 million.
Engineering is for young people?
One thing not discussed during the interviews conducted by this reporter is the idea that an engineering career is a young person’s game. To be an engineer today is to accept the danger of becoming technologically obsolete. The term “half-life of knowledge” was coined in 1962 to describe the time it takes for half the knowledge in a particular field to be superseded. In the 1920s, the figure for an engineer was 35 years; by the 1960s, it had dropped to a decade. Recent estimates put the figure at between 2 1/2 and 5 years. Even if the engineer invests 10 hours a week studying to stay current, his /her half -life can only be extended to between 10 and 12 years. Mark Zuckerberg, the CEO of Facebook, expressed his concern, shared by many CEOs of technology companies, succinctly. “I want to stress the importance of being young and intellectual. Young people are just smarter [and also] … just have simpler lives … Simplicity in life allows you to focus on what’s important.” Facebook has a median employee age under 30. IBM Global Services, by contrast, has a median employee age of 38.
Short, a 32-year veteran at Indium, is enthusiastic about the firm’s college-internship program. His goal is not only to promote the program at his company, but also to encourage other corporate CEOs in the region to implement internships. “Why can’t we make the Mohawk Valley the ‘Intern Valley of America,’” he asks?
College Interns at Indium in 2016
To read more about the Indium interns’ summer college internship experience, visit their blog at www.indium.com/interns.
Contact Poltenson at npoltenson@cnybj.com
Legal Counsel and Communications Strategist – The Best Combination
Over the past several years, I have often found myself advising CEOs and ther senior leaders as they navigated confidential, difficult situations that resulted from abrupt organizational changes, professional misconduct, hazardous-materials incidents, product or service failures, cybercrime, natural disasters — or what seemed to be just plain dumb luck. I’ve come to realize that in a
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Over the past several years, I have often found myself advising CEOs and ther senior leaders as they navigated confidential, difficult situations that resulted from abrupt organizational changes, professional misconduct, hazardous-materials incidents, product or service failures, cybercrime, natural disasters — or what seemed to be just plain dumb luck.
I’ve come to realize that in a fast-paced, digital world, these events now go viral at lightning speed. How they are managed and what is communicated can make the difference between the survival or destruction of an organization’s reputation.
And that doesn’t always mean just spilling your guts.
It’s not unusual for organizations facing sensitive or difficult circumstances to seek trusted counsel from both their attorneys as well as public-relations professionals. What is unusual is to have them work cooperatively together on behalf of the client.
Early in my career, I would watch my traditional PR colleagues advise their companies to go public early and provide all the information possible on a given sensitive matter, while the organization’s attorney might advise the client to say nothing, speak to no one, and offer only “no comment” to anyone who inquired.
Neither approach seemed very strategic to me, nor focused on the best, long-term interests of the organization. I promised myself that if I were ever in a position to impact how sensitive and crisis communications were done, I would find a way to work closely with legal counsel in a team approach to ensure the business legal strategy was preserved, while at the same time protecting and advancing the organization’s reputation and good name.
Certainly, there are highly charged situations — like lawsuits — when an organization has to be extremely careful what it says publicly. However, it’s often possible to offer some information to key audiences while protecting the privacy of those involved, and to state that given an ongoing legal proceeding, comments will need to remain limited. That all makes sense, and sounds a lot better than wielding “no comment” as the standard line.
If you have access to in-house counsel, don’t wait for a serious situation to get them involved with your communication strategies. They can give some good guidance on positioning your good news, too.
Legal and communications professionals have your best interests in mind. However, to get the best combination of advice for your business, don’t be afraid to call them into the same room or conference call to find that common sensed, common ground.
You and your organization will have a better outcome as a result.
Michael Meath is a senior consultant at Strategic Communications, LLC, which says it provides trusted counsel for public relations, including media relations, employee relations, and community relations. Contact Meath at mmeath@stratcomllc.com

Restaurant vet opens her own place — Dani’s Dessert & Wine Bar
BALDWINSVILLE — After working in the restaurant business for 13 years, Tammy Panebianco decided to strike out on her own and open her own eatery this spring. On April 22, she opened Dani’s Dessert & Wine Bar at 56 Oswego St. in the village of Baldwinsville — in the former location of dessert restaurant Lala
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BALDWINSVILLE — After working in the restaurant business for 13 years, Tammy Panebianco decided to strike out on her own and open her own eatery this spring.
On April 22, she opened Dani’s Dessert & Wine Bar at 56 Oswego St. in the village of Baldwinsville — in the former location of dessert restaurant Lala Land. Panebianco is renting her space from Dennis Sick, the owner of this building and other properties on the block.
Dani’s Dessert & Wine Bar encompasses about 1,500 square feet and can seat up to 42 people. Panebianco has three employees, each of whom are either a close friend or a family member. This includes the chef who is her sister-in-law. Two of the employees work part time and one works full time.
Panebianco says she comes from a family of restaurant owners, including relatives associated with eateries like Bittersweet Wine Bar and Desserts in downtown Syracuse, 916 Riverside Restaurant in Brewerton, and Jake’s Grub and Grog in Brewerton.
When Panebianco rented the Baldwinsville space, the only thing in the kitchen area was a sink and an electric stove. She ripped everything out and installed all new equipment. Her boyfriend and son-in-law acted as her contractors and built her bar, she says.
Panebianco found pictures of what she wanted the restaurant to look like in order to design her space exactly how she wanted it. With the help of her family members, she was able to carry it out.
In the first month of business, almost every seat at Dani’s Dessert & Wine Bar was taken during the bar’s busy hours. Seating works on a first come, first serve basis, but VIP seating is available with advanced reservations. In the second month, Panebianco noticed that business slowed down, but she expected this change.
In order to finance her business venture, she dipped into her retirement fund — taking a big risk, she says. She declined to disclose the specific amount.
In Baldwinsville, Panebianco is mostly surrounded by pizza restaurants so she feels she faces no real competition in the dessert and wine bar space.
Dani’s Dessert & Wine Bar’s menu includes meat and cheese boards to share, shareable tapas, sliders, flatbread, desserts like a brownie sundae with ice cream and a carrot cake, and wine and craft beer.
Dani’s target customer base includes women ages 25 to 50 and business people.
Panebianco shops for groceries multiple times a week to provide only fresh ingredients. She purchases much of her produce from local farms when possible.
Panebianco obtains her cheese from Renzi Foodservice in Watertown and her meats from Palmer Food Services in Rochester. The items that are not in season, she purchases from Wegmans.
Panebianco says her future plans for Dani’s Dessert & Wine Bar are to get into catering for events that range from personal to business-oriented. Another idea she has is to acquire another location in an area similar to Baldwinsville.
Daily fantasy sports companies are back in business in New York
The New York State Gaming Commission on Aug. 22 issued temporary permits to interactive fantasy-sports operators DraftKings, FanDuel, Yahoo, FantasyDraft, and Draft. The permits allowed the companies to “immediately” resume operations in New York, the state Gaming Commission said in a news release issued that same day. The Commission has completed a “legally required, thorough”
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The New York State Gaming Commission on Aug. 22 issued temporary permits to interactive fantasy-sports operators DraftKings, FanDuel, Yahoo, FantasyDraft, and Draft.
The permits allowed the companies to “immediately” resume operations in New York, the state Gaming Commission said in a news release issued that same day.
The Commission has completed a “legally required, thorough” review of the temporary-permit applications from the five companies, ensuring “required” consumer protections, player safeguards, and advertising restrictions.
“As the newly enacted law requires, the Commission regulates all aspects of interactive fantasy sports, including ensuring the operators put important consumer protections in place,” Robert Williams, the Commission’s executive director, said in the release. “While the Commission continues work on formal regulations for these games, these temporary permits get companies up and running in New York State while assuring resident players that safeguards are in place.”
New York City–based FanDuel, Inc. reacted in a statement posted Aug. 22 on the FanDuel website
“We are very excited to announce that the New York Gaming Commission has approved FanDuel’s temporary operating license in New York, allowing us to offer our paid contests in our home state. We want to thank Governor Cuomo and the New York legislature for bringing back our contests to millions of sports fans … Lastly, we want to thank our users who supported us throughout and continue to tell their legislators across the country that this issue is important to them.”
In an Aug. 22 posting on its Facebook page, Jason Robins, CEO of Boston, Massachusetts–based DraftKings, said the company is “thrilled to be able to bring DraftKings back to millions of New York sports fans.”
“We thank the New York State Gaming Commission for being thorough and expedient in approving the return of fantasy sports to New York… New Yorkers can play our games right now, and on behalf of everyone at our company, thank you New York and welcome back to DraftKings,” said Robins.
The state Gaming Commission’s action came nearly three weeks after Gov. Andrew Cuomo signed the legislation that made online, daily fantasy sports games legal and regulated in the Empire State.
Cuomo on Aug. 3 signed the bill that requires fantasy-sports companies to register with and operate under the regulations of the New York State Gaming Commission, Cuomo’s office said.
New York expects the new law will generate about $4 million in tax revenue to fund state-education aid once it is fully implemented.
“Daily fantasy sports have proven to be popular in New York, but until now have operated with no supervision and no protections for players,” Cuomo said in a release. “This legislation strikes the right balance that allows this activity to continue with oversight from state regulators, new consumer protections, and more funding for education.”
The consumer protections imbedded in the legislation include offering introductory procedures to new players, identifying highly experienced players, prohibiting the participation of minors, and protecting players’ funds upon deposit, according to Cuomo’s office.
Schneiderman’s legal action
Even though fantasy sports are now legal in the state, New York Attorney General Eric Schneiderman plans to continue his legal action against the popular DraftKings and FanDuel websites.
“As I’ve said from the start of my office’s investigation into daily fantasy sports, my job is to enforce the law and protect New Yorkers from illegal or unscrupulous conduct. [On Aug. 3], the governor … signed a bill that amends the law in order to legalize daily fantasy sports contests, with consumer protections for New York players. I will enforce and defend the new law. Our false-advertising and consumer-fraud claims for past misconduct by Draft Kings and Fan Duel will continue to move forward,” Scheiderman said in a statement his office issued that day.
His office on Nov. 11 of last year had ordered both companies to stop accepting bets inside New York.
Contact Reinhardt at ereinhardt@cnybj.com

From renovations to rebirth: Marriott Syracuse Downtown welcomes guests again
SYRACUSE — After a more than two-year, $76 million renovation project, the hotel now known as the Marriott Syracuse Downtown is back in business. The hotel’s owner and property-management group on Aug. 19 raised the flags on the newly renovated hotel — formally re-opening the former Hotel Syracuse. “We’re open,” Ed Riley, the hotel’s owner
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SYRACUSE — After a more than two-year, $76 million renovation project, the hotel now known as the Marriott Syracuse Downtown is back in business.
The hotel’s owner and property-management group on Aug. 19 raised the flags on the newly renovated hotel — formally re-opening the former Hotel Syracuse.
“We’re open,” Ed Riley, the hotel’s owner and developer, said in his remarks at the Aug. 19 opening event. “You can come here for lunch. You can come here for dinner. We even serve drinks here once in a while,” he quipped.
The historic hotel that’s been part of the downtown Syracuse landscape since 1924 will now serve as Onondaga County’s convention-center hotel.
It represents “the spirit of Syracuse,” Syracuse Mayor Stephanie Miner said in her remarks at the event.
Syracuse–based Hayner Hoyt Corp. was the general contractor and construction manager for the hotel renovation and restoration.
“We know we have a big responsibility, not only to ownership, but to the city of Syracuse to ensure that the Marriott Syracuse [Downtown] is successful,” Michael George, a Watertown native and president and CEO of Crescent Hotels & Resorts, said in his remarks at the morning event. Fairfax, Virginia–based Crescent Hotels & Resorts is the hotel’s property manager.
The property has 261 guest rooms; more than 41,000 square feet of meeting, wedding, and event space including a “completely modernized” Finger Lakes ballroom; two “historic” ballrooms; five in-house restaurants and bars; and eight meeting spaces, according to the Marriott Syracuse Downtown.
Each room and suite has been completely renovated. The work also included restoration of the hotel’s three ballrooms. Crews restored two of the ballrooms to their “original historic grandeur,” and the third was “modernized for today’s business needs,” the hotel added.
The hotel also includes restaurant Eleven Waters, described as a “Finger Lakes style bistro” serving breakfast, lunch, and dinner. It also boasts the Cavalier Room for cocktails and small plates during lunch and dinner.
In addition, restaurants Shaughnessy’s Irish Pub and the Legacy Steakhouse will open “later in the year,” according to the hotel.
Contact Reinhardt at ereinhardt@cnybj.com

Student-housing complex #BLVD404 is ready for new academic year
SYRACUSE — A new student-apartment complex has opened at 404 University Ave. in Syracuse. The 75,000-square-foot #BLVD404 is located near the intersection with East Genesee Street, a few blocks north of the Syracuse University campus. The property owner, Orange Grove LLC, formally opened the structure during an event held July 27. Construction on the $20
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SYRACUSE — A new student-apartment complex has opened at 404 University Ave. in Syracuse.
The 75,000-square-foot #BLVD404 is located near the intersection with East Genesee Street, a few blocks north of the Syracuse University campus.
The property owner, Orange Grove LLC, formally opened the structure during an event held July 27.
Construction on the $20 million project finished in early June, says Jared Hutter, a principal in Orange Grove, LLC, which includes Syracuse University alumni.
The ownership group is “extremely happy” with the way the project turned out.
“It came in ahead of schedule … under budget,” says Hutter. “It’s no doubt the best student-housing building in Syracuse,” he boasts.
Hutter spoke with CNYBJ on Aug. 19 from his office in Englewood Cliffs, New Jersey.
The structure includes 54 apartments, which can accommodate about 163 students.
“We’re approaching the 90 percent mark on [occupancy],” Hutter says. “We effectively can lease to anybody we want; however, it was designed as a student-housing property.”
Occupants could be students at Syracuse University, Upstate Medical University, Le Moyne College, or Onondaga Community College, he says.
Charlotte, North Carolina–based Campus Evolution Villages will manage the property. It owns and manages a portfolio of 21 student housing assets across the U.S.
The rents for #BLVD404 are “comparable” with the rest of the Syracuse–area rental market, Hutter contends.
Construction effort
The principals used a construction loan from M&T Bank (NYSE: MTB) and their own assets to finance the project, according to Hutter.
The Syracuse Industrial Development Authority provided the project exemptions on the mortgage-recording tax and assistance on the sales tax for construction materials.
Syracuse basketball coach Jim Boeheim is an investor in the property, and contributed memorabilia from his coaching career into #BLVD404’s hall of fame room, says Hutter.
Hueber-Breuer Construction Co. Inc. led the construction and design team on the project.
The group also included Albany–based CHA Companies, which has an office in the Galleries of Syracuse at 441 S. Salina St. in Syracuse; Buffalo–based Lauer-Manguso & Associates Architects; and Salina–based Palucci Engineering PC, according to a July 23, 2015, Hueber-Breuer news release.
The building’s amenities include a gymnasium, a convenience store, and a study room in the basement.
“Everything’s kind of built right in there,” says Hutter.
Hatched idea as students
Hutter and business partner, Michael Edelman, had discussed the possibility of leading an on-campus construction project during their days as students at Syracuse University.
“We said we should come back and do a project here,” Hutter said in a July 30, 2015, interview during an event marking the start of construction of #BLVD404.
Hutter is a 2006 graduate of SU’s Martin J. Whitman School of Management. Edelman graduated from the Whitman School in 2005, according to his LinkedIn page.
#BLVD404 is a joint-venture development between Englewood Cliffs, New Jersey–based BLVD Equities and Rosen Property Group.
Brian Rosen, principal of the Rosen Property Group, is also a Syracuse graduate.
Rosen graduated in 2001, according to Hutter. Rosen’s brother also lived with Hutter and Edelman during their time as students, Hutter added.
Contact Reinhardt at ereinhardt@cnybj.com

Keuka College opens first new building on campus in 40 years
KEUKA PARK — Keuka Commons, a student union and mixed-use facility, is the first new building on the Keuka College campus in more than 40 years. The school formally opened the structure on Aug. 18, the Finger Lakes regional economic-development council (FLREDC) announced. The building serves as the new home of Keuka’s Division of Business
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KEUKA PARK — Keuka Commons, a student union and mixed-use facility, is the first new building on the Keuka College campus in more than 40 years.
The school formally opened the structure on Aug. 18, the Finger Lakes regional economic-development council (FLREDC) announced.
The building serves as the new home of Keuka’s Division of Business and Management and the Center for Professional Studies, the FLREDC said.
Keuka Commons is also home to the college bookstore, the Office of Health and Counseling, Center for Business Analytics & Health Informatics, Wertman Office for Digital Education, and the Wolf Den Café.
Founded in 1890, Keuka College is located on the shore of Keuka Lake in Yates County in the Finger Lakes.
The FLREDC provided funding for the project, council co-chairs Danny Wegman and Anne Kress said in a FLREDC news release. Wegman is CEO of Wegmans Food Markets and Kress is president of Monroe Community College.
“This project marks a major milestone for the college and for the entire Yates County community. Keuka College is a key contributor to the area’s economy, and the Council’s investment in its future will help the college better serve its students and help the region grow,” they added.
The FLREDC through Empire State Development provided Keuka College with a $250,000 grant for the Commons construction project. It didn’t disclose in its release the total cost of the construction project.
Keuka College called for the construction in its long-range strategic plan.
The Penn Yan–based Finger Lakes Economic Development Center [FLEDC] is “excited” for the school and “would like to congratulate” it on the opening of Keuka Commons, Steve Griffin, CEO of FLEDC, said in the news release.
“Keuka College is a major economic driver for Yates County and their continued investment in their campus is a welcomed sight. The opportunities that come with the opening of Keuka Commons, including housing their new Center for Business Analytics and Health Informatics, hold great promise for future economic development initiatives generated by the school, for Yates County and the entire Finger Lakes Region. We enjoy our close partnership with Keuka College and look forward to what is to come.”
This announcement complements “Finger Lakes Forward,” the region’s blueprint to generate economic growth and community development, the FLREDC said.
The region is accelerating Finger Lakes Forward with a $500 million state investment through the Upstate Revitalization Initiative, which Gov. Andrew Cuomo announced last December.
The $500 million investment will “incentivize” private business to invest more than $2.5 billion. The region’s plan projects up to 8,200 new jobs, according to the FLREDC.
Contact Reinhardt at ereinhardt@cnybj.com
Bonadio Group survey: Upstate contractors pursue improvement
Upstate New York contractors and construction businesses want to “do what they do better.” That’s one of the key findings of the 2016 Upstate New York Contractors State of the Industry Study that the Bonadio Group released July 20. Rochester–based Bonadio describes itself as upstate’s “largest independent provider of accounting, consulting, and financial services.” In all,
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Upstate New York contractors and construction businesses want to “do what they do better.”
That’s one of the key findings of the 2016 Upstate New York Contractors State of the Industry Study that the Bonadio Group released July 20. Rochester–based Bonadio describes itself as upstate’s “largest independent provider of accounting, consulting, and financial services.”
In all, 44 contractors participated in the survey, according to a Bonadio Group spokesperson.
The study found that construction companies are hiring additional employees and expanding the scope of services and capabilities, as well as looking for ways to trim costs, reduce bid prices, and improve productivity.
As they pursue improved performance, construction companies have put a “greater emphasis” on boosting productivity, with 54 percent of firms saying they noted an increase in 2015. The figure represents a 21 percent rise compared to the 2014 survey, which yielded a 33 percent increase in that area.
“We’re finding that the competition is pretty fierce in the construction industry,” says Mike Smith, partner and construction-team leader at Bonadio Group.
“Everybody’s just trying to get a little bit of a leg up on the competitor by being a little bit more efficient.”
The respondents indicated plans to boost productivity either through processes or through hiring and training, he adds.
He spoke to CNYBJ on Aug. 23 from his office in Albany.
The information contained in this year’s report has been designed to help construction-industry executives evaluate their position and standing on issues ranging from financial-management techniques to economic outlook.
Findings
More than half of the survey participants identified hiring additional employees as an “important mechanism” to generate increased profitability.
Along with hiring and training construction employees, the survey’s “key” findings focused on topics that included technology, productivity, and safety and risk management.
Survey results indicate that technology, based on the type of work a company performs, can be an investment that can “prove to be profitable and yield a strong return on investment (ROI),” according to Bonadio.
“If you improve your processes, you get a little bit more efficient — productivity and profitability should therefore follow,” says Smith.
Safety and risk management has also grown in importance in the construction industry, with 54 percent of contractors surveyed referring to it as an important strategy in improving overall profitability.
“It isn’t a direct driver of profitability, but it’s part of their tool kit,” says Smith.
Respondents say having healthy employees keeps their rates for workers’-compensation insurance low, maintains their knowledge in the workplace, and prevents the need to train someone new, he adds.
“So, more and more, over the last few years, construction contractors have seen the importance of safety and … risk management,” says Smith.
Contracts
The Bonadio survey found that 48 percent of the contracts that respondents serviced were in the public sector, while 52 percent focused on jobs in the private sector, according to the Bonadio report.
Respondents also indicated that about seven of 10 contracts are based on competitive bids, while three of 10 are negotiated.
The data also indicates that the average number of competitors per bid has decreased from what was reported in 2014.
At that time, 55 percent of respondents said that, on average, they faced six to 10 competitors; today, that number has dropped to 42 percent.
The impact of this decrease in competition is reflected in a slight increase in bid-success rates.
For example, 11 percent of respondents indicated a bid-success rate of more than 50 percent in this survey, compared to a rate of 7 percent in the 2014 survey, the Bonadio report said. At the same time, 33 percent of respondents indicated a bid-success rate of between 26 percent and 50 percent, compared to 27 percent of respondents in the 2014 survey.
Overall, the effects of competition are “still” preventing bid-success rates from reaching pre-recession levels.
The figures also demonstrate that “consolidation has occurred inside the industry, reducing the number of competitive bidders. However, margins remain low, despite contracts being easier to win,” the Bonadio report said.
About the survey
The Bonadio Group organized the 2016 Upstate New York Contractors State of the Industry Study into four sections.
They include overall aggregated results; results for small-sized companies (less than $9.9 million in revenue), results for medium-sized companies ($10 million to $49.9 million), and results for large-sized companies (more than $50 million).
The Bonadio Group conducted the survey online between February and March of this year, says Smith.
Since 2016 is an even-numbered year, this survey focused on the state of the industry.
In odd-numbered years, the study hones in on construction firms’ benefits and compensation, says Smith.
Contact Reinhardt at ereinhardt@cnybj.com
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