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Le Moyne College to launch second beer in partnership with Meier’s Creek Brewing Company
SYRACUSE, N.Y. — Le Moyne College says it’ll launch a second beer as part of its partnership with Meier’s Creek Brewing Company (MCBC). “Given the

Lowe to step down as Wolfspeed president and CEO
DURHAM, N.C. and MARCY, N.Y. — Gregg Lowe is out as president and CEO of Wolfspeed, Inc. (NYSE: WOLF), which operates a fabrication plant in

Port of Oswego awarded $11 million federal grant for climate-controlled warehouse
OSWEGO, N.Y. — The Port of Oswego will use more than $11 million in federal funding to build a new, climate-controlled warehouse for the region’s

New York manufacturing index soars to highest reading in three years in November
The Empire State Manufacturing Survey general business conditions index climbed 43 points to 31.2 in November, representing its highest reading in nearly three years. The index had dropped 23 points to -11.9 in October after rising 16 points to 11.5 in September (activity expanding for the first time since November 2023.) The general business conditions
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The Empire State Manufacturing Survey general business conditions index climbed 43 points to 31.2 in November, representing its highest reading in nearly three years.
The index had dropped 23 points to -11.9 in October after rising 16 points to 11.5 in September (activity expanding for the first time since November 2023.) The general business conditions index is the monthly gauge on New York’s manufacturing sector.
Based on firms responding to the survey, the November reading indicates business activity “grew strongly” in New York State, the Federal Reserve Bank of New York said in its Friday news release.
A positive reading indicates expansion or growth in manufacturing activity, while a negative reading on the index indicates a decline in the sector.
The survey found new orders and shipments “rose substantially,” the New York Fed said.
It also found firms remained optimistic about the six-month outlook.
The New York Fed distributes the Empire State Manufacturing Survey on the first day of each month to the same pool of about 200 manufacturing executives in New York. On average, about 100 executives return responses.

MVHS Foundation surpasses $30 million fundraising goal
UTICA, N.Y. — The Mohawk Valley Health System (MVHS) Foundation’s “This is for You: The Campaign to Transform Healthcare” exceeded its $30 million fundraising goal

ROME — Assured Information Security (AIS) now has 24 issued patents, with the issuing of two new patents in October by the U.S. Patent and Trademark Office, the company announced. “Expanding our patent portfolio is central to our mission of advancing cybersecurity solutions that can adapt to evolving threats,” AIS Chief Engineer Michael Seiffert said
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ROME — Assured Information Security (AIS) now has 24 issued patents, with the issuing of two new patents in October by the U.S. Patent and Trademark Office, the company announced.
“Expanding our patent portfolio is central to our mission of advancing cybersecurity solutions that can adapt to evolving threats,” AIS Chief Engineer Michael Seiffert said in a news release. “These new patents introduce breakthrough methods in malware prevention and data modeling. One patent enhances proactive malware defense by tracking process behavior, selectively presenting ‘canary files’ to suspicious processes and terminating them based on a malice scoring system. The second patent focuses on a novel approach to data modeling, enabling more precise feature selection through an iterative process that optimizes resource allocation. Together, these patents exemplify AIS’s commitment to building technologies that address complex cybersecurity challenges with efficiency and precision.”
U.S. Patent 12,124,568 is for the prevention and remediation of malware based on selective presentation of files to processes. The invention is credited to AIS employees Sean LaPlante and Patrick McHarris.
U.S. Patent 12,131,230 is for the feature equivalence and document abnormality threshold determination. The invention is credited to former AIS employees Daniel Scofield and Craig Miles.
Headquartered in Rome, AIS provides cybersecurity and information-security services, products, and operations to commercial and government customers. The company employs more than 220 people across multiple locations in the United States.

Oswego Health’s 5th Annual Gala raises more than $133,000 to support local health care
OSWEGO — The 5th Annual Oswego Health Foundation Gala, themed “A Night of Glitz and Glamour,” attracted 282 attendees in a sold-out Nov. 2 event at the Lake Ontario Conference Center and raised more than $133,000 to support local health care and the Oswego Health Foundation Endowment Fund. During the program, Oswego Health presented three
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OSWEGO — The 5th Annual Oswego Health Foundation Gala, themed “A Night of Glitz and Glamour,” attracted 282 attendees in a sold-out Nov. 2 event at the Lake Ontario Conference Center and raised more than $133,000 to support local health care and the Oswego Health Foundation Endowment Fund.
During the program, Oswego Health presented three prestigious awards: Community Partner, Physician of the Year, and Nurse of the Year.
The 2024 Community Partner Award was given to Oswego County Opportunities (OCO). As a private, nonprofit health & human-service agency and the county’s designated community action agency, OCO has been an integral part of the community since 1966, according to an Oswego Health release. OCO now serves about 15,000 people each year through more than 50 programs, including assistance for the homeless; education services for children, youth, and adults; reproductive health care for women and men; independence for those with disabilities; and more.
The 2024 Physician of the Year Award was presented to Dr. Mark Humphrey. Dr. Humphrey started at Oswego County Opportunities before transferring to Oswego Family Physicians in September 2001 (now Oswego PrimeCare) and has been caring for patients there ever since, per the release. Board certified by the American Board of Family Medicine, Humphrey completed his family practice residency at Wilson Memorial Regional Medical Center. He earned his Doctor of Osteopathic Medicine degree from New York College of Osteopathic Medicine and his undergraduate degree at Clarkson University in Potsdam.
Linda Cole, RN, received the 2024 Oswego Health Nurse of the Year Award. She joined the Oswego Health team in 1991 as an LPN, caring for patients on the medical-surgical unit until 2000, when she transferred to its intensive care unit (ICU) to care for critically ill patients. In 2006, Cole graduated from St. Joseph’s College of Nursing as a registered nurse, and even after all these years, she still works in the ICU as a full-time night shift RN. Cole also serves as president of the Oswego Health Employee Fund.

Pathfinder Bancorp reports net loss in third quarter of 2024
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the holding company for Pathfinder Bank, recently reported a net loss of $4.6 million, or 75 cents per share, in the third quarter, compared to net income of $2.2 million, or 35 cents a share, in the same quarter in 2023. The net loss reflected $9 million in
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OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the holding company for Pathfinder Bank, recently reported a net loss of $4.6 million, or 75 cents per share, in the third quarter, compared to net income of $2.2 million, or 35 cents a share, in the same quarter in 2023.
The net loss reflected $9 million in provision expense that primarily resulted from a comprehensive loan-portfolio review that Pathfinder said it chose to undertake as part of its commitment to continuously improve its credit-risk management approach, per the earnings report issued on Oct. 30. Following its conclusion, the banking company recorded net charge offs of $8.7 million in the third quarter and reduced nonperforming loans by 34 percent to $16.2 million at quarter end, or 1.8 percent of total loans.
Deposits at Pathfinder totaled $1.2 billion at the end of the third quarter, up from $1.1 billion at the end of the second quarter and up from $1.13 billion at the conclusion of the third quarter of 2023.
Pathfinder Bank is a New York State-chartered commercial bank headquartered in Oswego that has 12 full-service offices located in its market areas consisting of Oswego and Onondaga counties, and one limited purpose office in Oneida County.

Berkshire Bank parent company to pay Q4 dividend of 18 cents in late November
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) — parent company of Berkshire Bank, which has a significant presence in the Mohawk Valley region — recently announced that its board of directors has approved a quarterly cash dividend of 18 cents per common share. The dividend is payable on Nov. 27, to shareholders of record as of
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Berkshire Hills Bancorp, Inc. (NYSE: BHLB) — parent company of Berkshire Bank, which has a significant presence in the Mohawk Valley region — recently announced that its board of directors has approved a quarterly cash dividend of 18 cents per common share.
The dividend is payable on Nov. 27, to shareholders of record as of the close of business on Nov. 14.
At Berkshire Hills Bancorp’s current stock price, the payment yields about 2.3 percent on an annual basis.
Boston–based Berkshire has about $11.6 billion in total assets and a footprint of 83 branches in New England and New York state. The banking company provides commercial banking, retail banking, consumer lending, private banking, and wealth-management services.
Berkshire Bank’s Mohawk Valley presence includes branches in Rome (2), New Hartford (2), Whitesboro, North Utica, West Winfield, and Ilion.

Corning Inc.’s Canton plant to create up to 130 jobs
It comes after winning $32 million in CHIPS funding CANTON — More manufacturing jobs are on the way for the Canton plant of Corning Incorporated (NYSE: GLW). The company has reached an up to $32 million preliminary memorandum of terms (PMT) funding
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CANTON — More manufacturing jobs are on the way for the Canton plant of Corning Incorporated (NYSE: GLW).
The company has reached an up to $32 million preliminary memorandum of terms (PMT) funding agreement with the U.S. Department of Commerce to increase production at its Canton facility of specialized glass that’s vital for the semiconductor industry.
The expansion is expected to create up to 130 new manufacturing jobs, including new union positions, and more than 175 union construction jobs, the office of U.S. Senate Majority Leader Charles Schumer (D–N.Y.) said in its Nov. 8 announcement.
The senator also contends the expansion will “help strengthen this vital supply chain for America’s national security.”
Schumer explained that the proposed CHIPS award will support Corning’s planned $315 million investment that will boost glass production in Canton. Corning Inc. is one of the largest industrial employers in the North Country, the senator’s office noted.
To carry out the expansion, Corning Inc. will work with local unions, including United Steelworkers Local 1026, which represents Corning’s glass-making workforce at the Canton facility and will represent applicable new workers.
Specifically, Corning Inc. plans to increase the production of high purity fused silica and ultra-low expansion glass, which are key components of deep ultraviolet (DUV) and extreme ultraviolet (EUV) lithography machines and photomasks, Schumer’s office said.
DUV and EUV technology are important to semiconductor manufacturing, and this project will improve EUV performance with a lower carbon footprint.
“We are grateful for Majority Leader Schumer’s vision and tireless efforts to strengthen the domestic semiconductor supply chain through the direct funding award and the Advanced Manufacturing Investment Credit created by the CHIPS and Science Act,” Wendell Weeks, chairman and CEO of Corning Inc., said in the Schumer announcement. “This strategic investment will help our Canton, New York facility continue to expand production of advanced optics components and create up to 130 good paying jobs that are critical to making the world’s most complex microchips.”
To support both the company’s workforce and the broader community’s child-care infrastructure, Corning Inc. also plans to invest $300,000 per year for the duration of the proposed project to support the St. Lawrence County Childcare Training Program.
The effort would help build and stabilize the child-care workforce and increase child-care supply for the community, making it easier for employees to find and obtain care and helping the company access the additional workers needed to make this expansion a success, Schumer’s office said.
The lawmaker also recently announced that Albany NanoTech would be home to the country’s first National Semiconductor Technology Center facility as the headquarters focusing on EUV (extreme ultraviolet lithography) research. By increasing production at Corning’s North Country plant, more American-made glass “critical” to the technology required by new chip fabs such as Micron Technology Inc. (NASDAQ: MU) in Clay, GlobalFoundries in Malta, and Wolfspeed, Inc. (NYSE: WOLF) in Marcy will be made available, “strengthening U.S. supply chains and offering microchip producers shorter wait times and improved responsiveness from an American-made product,” Schumer’s office contends.
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