Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Jefferson County LDC to expand in Watertown business incubator
WATERTOWN — Work is under way to expand the administrative offices of the Jefferson County Local Development Corp. (JCLDC), which is housed at the Watertown Center for Business & Industry (WCBI). The WCBI, which includes four buildings and is located at 800 Starbuck Ave. in Watertown, is a business incubator created through public and private […]
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.
WATERTOWN — Work is under way to expand the administrative offices of the Jefferson County Local Development Corp. (JCLDC), which is housed at the Watertown Center for Business & Industry (WCBI).
The WCBI, which includes four buildings and is located at 800 Starbuck Ave. in Watertown, is a business incubator created through public and private partnerships in 1994.
The JCLDC needs a larger space that’s more “efficient,” says William (Billy) Soluri, site manager for the WCBI.
He spoke with the Business Journal News Network on June 3.
“They’ve made due and they’ve added on their current location a few times over the years, but now it’s to the point they need to expand and to expand in their current location … isn’t feasible,” Soluri says.
The JCLDC offices are moving into a 4,600-square-foot space in the incubator’s Building B, more than doubling its operating area. The JCLDC has operated in a 2,200-square-foot space in Building A-B that’s separate from the four buildings in the business incubator, Soluri says.
“It’s a great space for a startup company coming in that needs a nice office and conference room,” he says of the space that the JCLDC will vacate.
The project is in the construction phase, with crews trenching sewer lines and making sewer connections, he says.
Capital Construction & Development Corp. of Watertown is the general contractor on the project. Empire Northeast, Inc. of Gouverneur is the contractor handling the plumbing and mechanical work, according to Soluri.
Jordstat Construction, Inc. of Alexandria Bay is the electrical contractor on the project, he adds.
Aubertine & Currier Architects, Engineers, and Land Surveyors, PLLC is handling design work on the project.
The construction work started in March. Soluri hopes to have contractors complete the work by October.
The Watertown Local Development Corp. is providing the funding for the project, which will cost between $450,000 and $475,000, he says.
“If they weren’t here, and we weren’t able to get our project funding through them, this project probably wouldn’t be happening right now,” says Soluri.
About the JCLDC
The Jefferson County Local Development Corp. is a nonprofit that is “closely affiliated” with the Jefferson County Industrial Development Agency (IDA), says David Zembiec, deputy CEO of both organizations.
“The IDA actually formed the LDC to do many of the economic-development activities that the IDA cannot do,” says Zembiec.
In explaining the relationship between the two, Zembiec says the Jefferson County IDA can provide tax incentives such as property or sales-tax abatements on a project.
The LDC is a nonprofit that can focus on marketing, providing grants, and workforce-development efforts but doesn’t have the power to grant tax benefits, he adds.
The IDA contracts with the LDC to provide administrative services so “many of the same people” staff both organizations, according to Zembiec.
About the WCBI
The Watertown Center for Business & Industry is part of surplus industrial space that Jefferson County accepted as part of a deal brokered in 1994 with New York Air Brake, LLC (NYAB), the city’s largest manufacturing firm, to remain in the state after the Munich, Germany–based Knorr-Bremse Group purchased the company, according to a fact sheet on the facility.
NYAB manufactures of train-control systems for the railroad industry
The Watertown Industrial Center Local Development Corporation (WICLDC) has owned the WCBI since 1995.
The city of Watertown, Jefferson County, Jefferson County Industrial Development Agency, Jefferson County Job Development Corp., Development Authority of the North Country, New York Air Brake Corp., and Watertown Local Development Corp. partnered to form the WICLDC, according to the fact sheet.
The WCBI currently has 21 tenants with employees who work in more than 170 full- and part-time jobs.
The tenants include New York Air Brake, which utilizes warehouse space in Building C; a local office of Newport News, Va.–based Ferguson Waterworks, which has an office and warehouse space in Building B; and ServPro of Jefferson County, which has an office and warehouse space in Building A, according to the WCBI’s tenant directory.
The facility is about 82 percent occupied with more than 100,000 square feet under lease, the fact sheet says.
Contact Reinhardt at ereinhardt@cnybj.com
Welch Allyn acquires assets of Florida–based PediaVision
SKANEATELES FALLS — Welch Allyn, Inc., a Skaneateles Falls–based manufacturer of medical-diagnostic equipment, on June 3 announced it has acquired certain assets of PediaVision Holdings, LLC, an Orlando–area–based developer of vision technology. Welch Allyn didn’t release any financial terms of the acquisition in its news release. PediaVision, founded in 2007 and headquartered in Lake Mary,
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.
SKANEATELES FALLS — Welch Allyn, Inc., a Skaneateles Falls–based manufacturer of medical-diagnostic equipment, on June 3 announced it has acquired certain assets of PediaVision Holdings, LLC, an Orlando–area–based developer of vision technology.
Welch Allyn didn’t release any financial terms of the acquisition in its news release.
PediaVision, founded in 2007 and headquartered in Lake Mary, Fla., invented “Spot,” described as a “new generation of user-friendly vision assessment technology,” according to Welch Allyn.
Spot is a binocular-vision screener with wireless-communication capabilities designed to screen for refractive error, which can be associated with several ophthalmological problems in patients of all ages.
The acquisition allows Welch Allyn to offer its customers a diagnostic device for conducting eye examinations, Stephen Meyer, Welch Allyn’s president and CEO, said in the news release.
It also “complements” the company’s existing vision-screening technology, Meyer said. The company plans a launch of a Welch Allyn-branded version of Spot later this year.
“PediaVision has a solid customer base and the addition of its binocular-vision screener into our existing portfolio of physical-assessment products … will allow us to offer a more robust suite of early-detection solutions for healthcare providers globally,” said Meyer.
PediaVision works to solve the “undiagnosed” vision problems affecting millions of people globally. The PediaVision technology has “quickly captured the attention” of organizations that specialize in vision screening and vision care, David Melnik, CEO of PediaVision, said in the news release.
“We are extremely proud of what we have been able to accomplish and are so thankful to our customers for their passion and support in helping us change the way vision issues are identified. Pediavision has done what its team is best at — delivering innovation that changes the way people solve problems and create value. I truly believe Welch Allyn is the perfect fit to take what Pediavision has built and take it to the next level. Spot couldn’t be in better hands,” Melnik said.
Welch Allyn said it will retain PediaVision’s employees and contractors under a transition-services agreement (TSA) and the workers have been asked to remain with the company in their current capacity through the transition period.
PediaVision’s existing manufacturing partners will continue to develop and source the current product. As the transition continues, “it will be business as usual” for all PediaVision suppliers and customers, according to WelchAllyn.
The news release did not say how many employees PediaVision has currently, but PediaVision’s LinkedIn page lists the company size as 11-50 employees.
Welch Allyn employs more than 2,600 people in 26 different countries, according to its news release.
Contact Reinhardt at ereinhardt@cnybj.com
YWCA begins site work on the future Northwest YMCA in Lysander
LYSANDER — After more than a decade of planning, the YMCA of Greater Syracuse on May 22 started site work on the $20 million, 100,000-square-foot Northwest Family YMCA at 8040 River Road in Lysander. Local leaders, donors, and other key supporters gathered at Timber Banks Golf Clubhouse at 3536 Timber Banks Parkway for a groundbreaking
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.
LYSANDER — After more than a decade of planning, the YMCA of Greater Syracuse on May 22 started site work on the $20 million, 100,000-square-foot Northwest Family YMCA at 8040 River Road in Lysander.
Local leaders, donors, and other key supporters gathered at Timber Banks Golf Clubhouse at 3536 Timber Banks Parkway for a groundbreaking ceremony.
The planning for the project started in 1999, says Cynthia Dowd Greene, chair of the Northwest Family YMCA board of managers, a group of volunteers interested in the project.
“Because the Y is a charitable organization, the community builds the Y. And when you have a $20 million project, it takes a long time,” Dowd says.
She spoke with the Business Journal News Network on May 29.
The group originally planned to build a smaller facility, she says.
Then, the East Area YMCA in Fayetteville opened in 2004 and attracted members. The volunteer group also noticed the activity at the North Area YMCA on Wetzel Road in Clay, which can be “crowded,” Greene says.
Based on those factors, the group decided to ask the board at the YMCA of Greater Syracuse if it could pursue construction of a bigger facility.
“There’s been market-research studies done to confirm that there is indeed a need [for the Y in Lysander],” according to Greene.
The town of Lysander approved a building permit for the project on May 6 and approved the site plan earlier this year, she adds.
The YMCA will use a combination of grants, a public campaign, and a loan to cover the total project cost.
So far, organizers have raised about half of the $6 million they’re pursuing, but if that amount exceeds $6 million, it’ll simply reduce the financing needed for the project.
“We want to minimize [the amount of] the loan,” she says.
M&T Bank will provide the loan, Greene says, declining to reveal the amount the group is pursuing.
The YMCA will launch it community campaign “later this summer,” she says.
Hueber-Breuer Construction Co., Inc. is serving as the construction manager on the project, she says. VIP Structures is handling the structure work on the building.
Syracuse–based Sack & Associates Consulting Engineers, PLLC and Albany–based CHA Consulting (previously known as Clough, Harbor & Associates LLP), which operates a Syracuse office, are providing engineering services for the project.
Syracuse–based Robertson Strong and Apgar Architects is the project designer, she says.
Pooler Enterprises, the developer of Timber Banks, donated the 11-acre parcel of land.
The new facility will include an aquatic center with a family pool, a lap pool, and a therapy pool; three basketball courts and multiple smaller courts; an indoor track; a turf practice field; a teen/tween center that will double as a gathering place for seniors during daytime hours, according to a YMCA news release.
In addition, it’ll include an arts and music center; a bicycling studio; a wellness center dedicated to helping cancer survivors recover; and areas for group exercise, weightlifting, and cardiovascular exercise, the YMCA said.
The new YMCA will employ more than 200 people, providing “great first jobs to thousands of local teenagers,” New York State Senator John DeFrancisco (R–Syracuse) said in his remarks during the groundbreaking, according to the YMCA news release.
For those reasons and others, the Central New York regional economic-development council awarded the project a $985,000 construction grant, DeFrancisco added.
The New York State Energy Research and Development Authority will also provide energy incentives, the lawmaker added.
DeFrancisco also secured a $200,000 state planning grant “several years ago” and helped with two additional awards, the YMCA said.
Contact Reinhardt at ereinhardt@cnybj.com
Walmart formally opens larger Clay store
CLAY — A new Walmart Supercenter formally opened in Clay on Wednesday, June 4 with a grand opening/ribbon-cutting ceremony. The new 152,000-square-foot store is situated at 8770 Dell Center Drive, next door to Walmart’s previous smaller store at 2949 Route 31, which was about 115,000 square feet. The newly relocated store employs about 300 people
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.
CLAY — A new Walmart Supercenter formally opened in Clay on Wednesday, June 4 with a grand opening/ribbon-cutting ceremony.
The new 152,000-square-foot store is situated at 8770 Dell Center Drive, next door to Walmart’s previous smaller store at 2949 Route 31, which was about 115,000 square feet.
The newly relocated store employs about 300 people total, an increase of about 85 jobs over the prior location.
The new Walmart is open 24 hours a day, seven days a week, and offers a full line of groceries, including organic/natural food, a bakery, and self-serve deli. It also provides pharmacy services.
“We are pleased to see the expansion of one of our newest members, Walmart, in the Town of Clay,” Tom Conley, president of the Greater Liverpool Chamber of Commerce, said in a news release. “This expansion will bring an increase of job opportunities and provide greater sale tax revenue to the area. Other area merchants will also benefit from the increase in shoppers in the area.”
The Walmart Clay store manager is Justin Saville, who started his career at the retailer in 1997 as an hourly associate.
“We are excited to expand our grocery offerings and bring additional jobs to Clay,” Saville said in the release.
Holding company Wal-Mart Stores, Inc. (NYSE: WMT) says more than 245 million customers and members visit its 11,302 stores under 71 banners in 27 countries and e-commerce websites in 10 countries. With fiscal-year 2014 sales exceeding $473 billion, the company employs more than 2 million people worldwide.
CoreLogic report: Foreclosures decline in April, compared to a year ago
A new report from CoreLogic (NYSE: CLGX), a global property research and data provider, shows 46,000 foreclosures were completed nationally in April, down 18 percent from 56,000 a year ago. CoreLogic’s April National Foreclosure Report, which provides data on completed U.S. foreclosures and foreclosure inventory, also showed that on a month-over-month basis, completed foreclosures fell
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 new report from CoreLogic (NYSE: CLGX), a global property research and data provider, shows 46,000 foreclosures were completed nationally in April, down 18 percent from 56,000 a year ago.
CoreLogic’s April National Foreclosure Report, which provides data on completed U.S. foreclosures and foreclosure inventory, also showed that on a month-over-month basis, completed foreclosures fell 0.4 percent from the 47,000 reported in March 2014.
Despite the decline, foreclosure activity is still running much higher than before the collapse of the housing market in 2007-2008. Completed foreclosures averaged just 21,000 per month nationwide between 2000 and 2006, according to CoreLogic.
Completed foreclosures are an indication of the total number of homes actually lost to foreclosure. Since the financial crisis began in 2008, about 5 million foreclosures have been completed across the country, the research firm says.
As of April 2014, about 694,000 homes in the U.S. were in some stage of foreclosure, known as the foreclosure inventory, compared to 1.1 million in April 2013, a decline of 35 percent. The foreclosure inventory as of April represented 1.8 percent of all homes with a mortgage, compared to 2.7 percent in April 2013. The foreclosure inventory was down 4.7 percent from March 2014, marking the 30th month of year-over-year declines, CoreLogic reports.
“Over the last 12 months, completed foreclosures fell to 599,000, the lowest level since the Great Recession began in 2007,” Sam Khater, deputy chief economist at CoreLogic, said in a news release. “At the current pace of completed foreclosures, and given the current foreclosure inventory, it will take 14 months to move all of the foreclosed inventory through the pipeline.”
“We have now registered two and a half years of continuous decreases in the number of homeowners who are in some stage of the foreclosure process. This consistent decline means fewer Americans are experiencing the distress of delinquency and default,” said Anand Nallathambi, president and CEO of CoreLogic. “The recovery may be slow, but it is steady.”
April 2014 report highlights
Every state, except for New York (and the District of Columbia), posted double-digit year-over-year declines in foreclosures, CoreLogic reports.
Thirty-seven states show declines in year-over-year foreclosure inventory of greater than 30 percent with Arizona, Utah, Minnesota and California and posting declines greater than 50 percent.
The five states with the highest number of completed foreclosures for the 12 months ending in April 2014 were: Florida (121,000), Michigan (46,000), Texas (38,000), California (33,000), and Georgia (32,000).These five states account for almost half of all completed foreclosures nationally, according to CoreLogic.
The five states (including the District of Columbia) with the lowest number of completed foreclosures for the 12 months ending in April 2014 were: D.C. (68), North Dakota (352), West Virginia (517), Wyoming (718) and Alaska (844).
The five states with the highest foreclosure inventory as a percentage of all mortgaged homes were: New Jersey (6.0 percent), Florida (5.4 percent), New York (4.6 percent), Hawaii (3.1 percent), and Maine (3.0 percent), CoreLogic reports.
The five states with the lowest foreclosure inventory as a percentage of all mortgaged homes were: Alaska (0.4 percent), Wyoming (0.4 percent), North Dakota (0.5 percent), Nebraska (0.5 percent), and Minnesota (0.5 percent).
OGS upcoming construction opportunities include Oriskany project
RoAnn M. Destito, New York State Office of General Services Commissioner, recently announced bidding for construction contracts. They include work in Oriskany in Oneida County: Oneida County Construction Work: Contract No.: 44460-CDescription: Provide Tactical Firing RangeLocation: State Preparedness Training Center, Oriskany, NYBid Date: 7/9/2014Estimate: $3,000,000 – $4,000,000 Electrical Work: Contract No.: 44460-EDescription: Provide Tactical Firing RangeLocation: State
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.
RoAnn M. Destito, New York State Office of General Services Commissioner, recently announced bidding for construction contracts.
They include work in Oriskany in Oneida County:
Oneida County Construction Work:
Contract No.: 44460-C
Description: Provide Tactical Firing Range
Location: State Preparedness Training Center, Oriskany, NY
Bid Date: 7/9/2014
Estimate: $3,000,000 – $4,000,000
Electrical Work:
Contract No.: 44460-E
Description: Provide Tactical Firing Range
Location: State Preparedness Training Center, Oriskany, NY
Bid Date: 7/9/2014
Estimate: $250,000 – $500,000
Firms interested in additional information or to acquire bid documents should visit the OGS website at www.ogs.ny.gov and click on the Design & Construction link or call (877) OGS-PLAN (877-647-7526) or (518) 474-0203.
Newhouse School to dedicate New Studio and Innovation Center on Sept. 29
Will celebrate re-opening of Newhouse 2 building, after $18 million renovation SYRACUSE — Syracuse University’s S.I. Newhouse School of Public Communications announced it will dedicate the new Newhouse Studio and Innovation Center on Sept. 29 on campus. Special guest Oprah Winfrey will join students, alumni, media executives, and other VIPs to celebrate the re-opening of
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.
Will celebrate re-opening of Newhouse 2 building, after $18 million renovation
SYRACUSE — Syracuse University’s S.I. Newhouse School of Public Communications announced it will dedicate the new Newhouse Studio and Innovation Center on Sept. 29 on campus.
Special guest Oprah Winfrey will join students, alumni, media executives, and other VIPs to celebrate the re-opening of the school’s Newhouse 2 building, which is undergoing an $18 million renovation, the Newhouse School said in a news release.
The Newhouse Studio and Innovation Center will provide the school with a cutting-edge media facility for students to learn in while preparing for careers in the communications industry, the Newhouse School contends.
The complex’s features include:
The dedication celebration will include a daylong series of events, including academic symposia, remarks by Winfrey, a ribbon cutting at the Waverly Avenue entrance to Newhouse 2, and tours of the new facility, the release stated.
No excuses; what is the reason this happened?
If you read this column, you might remember Sister Mac from a few chapters ago. She was the nun from my childhood who smacked us when we lied or evaded the truth. I suggested many of us would welcome the likes of her at interviews of our leaders. Sir, did you know about this in
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.
If you read this column, you might remember Sister Mac from a few chapters ago. She was the nun from my childhood who smacked us when we lied or evaded the truth. I suggested many of us would welcome the likes of her at interviews of our leaders.
Sir, did you know about this in advance? “Well, the truth is that we should be looking at …” Smack! “What I knew is not important. What’s important is …” Smack!
Lately I’ve been thinking of a tag team partner for her. His name is Chief Sordahl. I served under him in the Navy.
When the chief found a mess he asked us, “What is the reason this happened?”
Well, Chief, somebody left the hatch open, and next thing …
He’d say: “That is not a reason. That is an excuse! What is the reason?”
We’d try again: Chief, we didn’t get the message in time to …
Chief would reply, “That is not a reason. That is an excuse! What is the reason?”
He asked that question until one of us admitted we screwed up. Or that we were stupid. Or that we failed to anticipate.
Back to Sister Mac. Was it her goal to humiliate her students? No. She wanted us to learn what truth is. And how it differs from lies.
Was it Chief Sordahl’s intent to humiliate his sailors? No. He wanted us to understand personal responsibility. He wanted us to take responsibility for our actions. He knew this was best for life at sea — where the lives of others were in our hands. He knew it was best for life anywhere. His lesson was simple: Take responsibility.
I nominate him for the tag team with Sister Mac. Their job? To confront our leaders when they dodge responsibility. Or when they tell us they take full responsibility but blame someone or something else.
Chief Sordahl came to mind as the health-care scandal at the Veterans Administration began to unfold recently. The Chief was a career man. He might well be one of the patients harmed at one of the hospitals.
As in so many scandals, lots of our leaders cited many excuses for what happened. There were these directives. There were those talking points. The office responsible for such and such did this, the previous administrations did that, we’re waiting for the commission to report on, etc. etc.
When I read and hear these excuses, I also hear the Chief, saying, “That is an excuse. What is the reason?”
It is a pity too few of our leaders stand up and own up. A pity for them. Because voters find it appealing in a leader when he or she does take responsibility. I mean, really takes responsibility.
They love it when that rare leader says, “Well, we screwed up.”
They can hardly be angry with a leader who admits “My mistake. My big mistake. I apologize and will try my best to do better next time.”
They remember, favorably, the leader who says “You know, we hit a few homers now and again. And like Babe Ruth, we strike out sometimes. This time we struck out.”
These are the voters who dislike the evasions. They wish Sister Mac was on the scene.
To call a lie a lie and smack her way to the truth.
These are the voters who dislike excuses. I am among them. And, I yearn for a Chief Sordahl to batter leaders with his tongue, his frown, and his eyes like lasers that could bore through steel, until … Until our leaders find enough courage to give us the reasons.
Fewer excuses. More reasons.
From Tom…as in Morgan.
Tom Morgan writes about political, financial, and other subjects from his home near Oneonta, in addition to his radio shows and TV show. For more information about him, visit his website at www.tomasinmorgan.com
Dairy is still the leader in agriculture, regional economy
New York was recently named the top yogurt producer in the nation. This is the second year our state has earned this distinction, in large part due to the Greek yogurt producers who call New York home. According to the National Agricultural Statistics Service, New York produced 741 million pounds of yogurt, up from 695
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 was recently named the top yogurt producer in the nation. This is the second year our state has earned this distinction, in large part due to the Greek yogurt producers who call New York home. According to the National Agricultural Statistics Service, New York produced 741 million pounds of yogurt, up from 695 million pounds in 2012. New York also accounted for 15.7 percent of the total U.S. yogurt production in 2013.
This is great news for the industry. June is National Dairy Month. I want to take some time this month to highlight just how important dairy is to our region. Milk accounts for nearly half of all agricultural receipts. In 2013, cash receipts from the marketing of milk in New York increased from $2.21 billion in 2010 to $2.85 billion in 2013. Greek yogurt has created another market for fluid milk on top of an already vibrant market for cheese, cream, and butter.
The Greek yogurt boom has directly impacted farmers and the local economy as well. Earlier this month, the region’s much anticipated Agrana Fruit plant in Lysander completed construction and will soon employ 120 workers when fully operational. The company produces fruit filling for yogurt and, according to the Empire State Development Corporation, is already employing 60 people.
Agriculture is known for creating more jobs and supporting additional businesses in the surrounding area. Economists refer to this as the multiplier effect. The dairy multiplier effect is 2.3, which is high compared to other industries. To give an example, the total sale of milk in 2012 for Jefferson, Onondaga, and Oswego counties was $208 million, but the economic impact is estimated to be $416 million according to Cornell Cooperative Extension and the United States Department of Agriculture. This is because farmers need suppliers, restaurants, transportation, retail, and sales outlets to do business. All of this lends to the overall economic impact.
I’m pleased to see the state embrace our yogurt producers. For the past two years, the state has hosted a yogurt summit, which brings yogurt producers, dairy producers, and state officials together to try and find new ways to support the industry. As a result, one of the programs devised to help dairy production is the Dairy Acceleration Program (DAP). The state, with Cornell Cooperative Extension administrating the program, aims to assist dairy farmers to enhance their farms by providing funding (up to 80 percent of project costs) for business projects on the farm. Some examples of projects being funded through DAP include nutrition-management plans, as well as storage and handling of manure. For example, up to $6,000 is available per farm to develop a Comprehensive Nutrient Management plan for farmers with less than 300 cows. This program gives preference to small dairy farms. To learn more, visit: http://ansci.cornell.edu/prodairy/dairy_acceleration/index.html
In this year’s budget, with the help of State Senator Patty Ritchie, we were able to pass the Beginning Farmer’s NY Fund, a pool of grant money allocated to catalyze the careers of emerging farmers. Up to $50,000 is available for forward-thinking small farms that reside on less than 150 acres. We also reformed the estate tax. This will allow families to pass down their farms from generation to generation without being forced to sell them due to burdensome taxation. The exemption threshold will increase from $1 million to $2.06 million this year. By 2017, the exemption threshold will be $5.25 million. By 2019, the exemption threshold will be in line with the federal level. Though I would have liked to have seen these changes be effective immediately, I’m glad we will eventually subject fewer people to the estate tax.
Dairy is such an important part of our economy. Though a dairy’s success relies on many factors, including fluctuating prices of commodities and demand for milk, I’m pleased the state has been able to lend a hand where it can and hope we continue to do more going forward for this important industry.
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.
Patricia Roach has been named senior vice president/chief nursing officer for the Mohawk Valley Health System (MVHS). She will oversee nursing services for MVHS, which
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.