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CapitalConnectNY.org initiative to help minority entrepreneurs
An initiative that covers the Buffalo, Rochester, and Syracuse regions is working to help startups and small businesses secure funding, particularly those from underserved minority or immigrant communities. Supported by an earlier pilot grant from JPMorgan Chase, CapitalConnectNY.org has received an additional $250,000 grant from JPMorgan Chase, which seeks to give entrepreneurs from underserved backgrounds […]
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An initiative that covers the Buffalo, Rochester, and Syracuse regions is working to help startups and small businesses secure funding, particularly those from underserved minority or immigrant communities.
Supported by an earlier pilot grant from JPMorgan Chase, CapitalConnectNY.org has received an additional $250,000 grant from JPMorgan Chase, which seeks to give entrepreneurs from underserved backgrounds access to capital.
The grant will help pay for training and technical assistance in preparing businesses to seek capital and connect them to the appropriate funders, using online and digital resources, including the CapitalConnectNY.org portal, per a March 22 announcement.
A consortium of four Community Development Financial Institution Fund (CDFI) financing organizations created CapitalConnectNY.org. They include Launch NY in Buffalo; The Enterprise Center at PathStone in Rochester; the Westminster Economic Development Initiative (WEDI) in Buffalo; and Albany–based Pursuit (formerly Excelsior Growth Fund). The organizations share the mission of supporting small businesses and startups that cannot access traditional sources of capital.
Buffalo–based Launch NY says it is upstate New York’s “first and only” venture-development organization to provide capital access and pro-bono mentoring to high-growth potential startup businesses across the state’s 27 westernmost counties. It has partner sites in Binghamton, Ithaca, Syracuse, and Rochester, per its website.
“As nonprofit CDFIs, we provide an essential service that supports organic growth of small businesses in our communities,” Marnie LaVigne, president and CEO of Launch NY, said in a statement. “We are grateful for the support of JPMorgan Chase to help us continue our collaborative relationship and boost a new generation of entrepreneurs in Upstate New York.”
The grant will support coordinating, outreach and client tracking among participants and the CDFI consortium, and continued maintenance of the CapitalConnectNY.org technology platform.
It will also fund one-on-one coaching sessions with participants, six group training sessions and seminars focused on small business financial literacy and access to capital. Participants will also be connected to available services and resources.
CapitalConnectNY.org was created in 2018 with a $500,000 grant from JPMorgan Chase, which funded the creation of the online portal and an initial round of outreach and programming.
Since its debut, the initiative has served more than 400 small businesses throughout upstate New York, leading to the creation of more than 75 jobs, per its announcement. Those businesses went on to attract more than $1.1 million in capital. Approximately half of the businesses were led by an underrepresented founder, the organization noted.
“We’re proud to reinvest in the innovative CapitalConnectNY.org initiative, which pools the collective power of regional CDFIs to give underserved entrepreneurs a pathway to grow,” Marco Villegas, VP of global philanthropy at JPMorgan Chase, said. “This is one of the most unique efforts underway in the country and we believe it will be a model that many others will follow.”
New physical therapy, fitness businesses open in New Hartford
NEW HARTFORD — Winberg Physical Therapy and Forte Strength and Fitness are open for business at 50 Genesee St. in New Hartford. For Erik Winberg, opening the two businesses is a natural progression in his career. With a doctorate in physical therapy from Utica University, he went to work after graduation in 2019 at SPI
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NEW HARTFORD — Winberg Physical Therapy and Forte Strength and Fitness are open for business at 50 Genesee St. in New Hartford.
For Erik Winberg, opening the two businesses is a natural progression in his career. With a doctorate in physical therapy from Utica University, he went to work after graduation in 2019 at SPI Utica in the Accelerate Sports facility in Whitesboro. Winberg began working on the side with area runners that wanted to increase their speed.
Before he knew it, that side hustle was more like a full-time hustle and about a year ago, he began thinking about opening his own business.
“I had the idea last March,” Winberg says. He reached out to a realtor, let his employer know his plans, and began looking for a location. The site at 50 Genesee St., which used to house a chiropractor’s office, needed minimal work to get ready. At 6,000 square feet, it provides plenty of room for the physical therapy and the fitness businesses. While they are separate businesses, they share the leased space and Winberg brands them together under the Forte name.
Both businesses officially opened March 11, and Winberg held a ribbon cutting with the Greater Utica Chamber of Commerce on March 22.
Fortunately, many of his running clients came along to his new business venture, Winberg says. “I’ve had a lot of people who have been loyal,” he notes. He is also marketing on the grassroots level, reaching out to doctors and other providers to let them know about Forte.
“We do take insurance,” he adds. “We also offer cash rates as well.”
Winberg is also working with a consulting group to ramp up digital-marketing efforts to get the word out about what Forte has to offer.
While the focus is on athletes and performance, Forte can work with any client, he notes. “Our big difference between us and other gyms is we offer individualized training,” he adds. Using both his PT and fitness background, Winberg works to evaluate clients and develop individualized goals and plans to get there, whether that goal is to be able to pick up grandchildren or pick up weights.
“Function is the name of the game,” Winberg says.
Forte also offers group fitness classes from 7 to 8 a.m. Monday through Friday and again from 4 to 7 p.m. Monday through Thursday.
Winberg Physical Therapy hours are Monday through Friday from 8 a.m. to 4 p.m.
Onondaga County hotel occupancy falls nearly 3 percent
SYRACUSE — Onondaga County hotels posted a decline in guests in February, as two other key benchmarks of business performance were mixed. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in Central New York’s largest county slipped 2.9 percent to 51.3 percent in the second month of this year, compared to February
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SYRACUSE — Onondaga County hotels posted a decline in guests in February, as two other key benchmarks of business performance were mixed.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in Central New York’s largest county slipped 2.9 percent to 51.3 percent in the second month of this year, compared to February 2023, according to STR, a Tennessee–based hotel market data and analytics company.
Revenue per available room (RevPar), an industry gauge that measures how much money hotels are bringing in per available room, was off 0.1 percent to $59.19 in Onondaga County in February from a year earlier.
Average daily rate (or ADR), which represents the average rental rate for a sold room, rose 2.9 percent to $115.33 in February versus the year-ago month.
Oneida County hotels see mixed month in February
UTICA — Oneida County hotels had a mixed month in February, posting a decline in hotel occupancy, while registering increases in two other key indicators of business activity. The hotel-occupancy rate (rooms sold as a percentage of rooms available) slipped 3.9 percent to 47.6 percent in February from the year-earlier month, according to a report
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UTICA — Oneida County hotels had a mixed month in February, posting a decline in hotel occupancy, while registering increases in two other key indicators of business activity.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) slipped 3.9 percent to 47.6 percent in February from the year-earlier month, according to a report from STR, a Tennessee–based hotel-market data and analytics company.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, inched up 0.5 percent to $60.51 this past February in the Mohawk Valley’s largest county versus February 2023.
Average daily rate (ADR), which represents the average rental rate for a sold room, jumped 4.6 percent to $127.04 in Oneida County in the second month of 2024, compared to the same month a year before.
Jefferson County hotel occupancy slips in February
WATERTOWN — Jefferson County hotels registered a more than 4 percent decline in overnight guests in February, as two other important indicators of hotel-business performance were mixed. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the North Country’s largest county fell 4.1 percent to 38.6 percent in the second month of
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WATERTOWN — Jefferson County hotels registered a more than 4 percent decline in overnight guests in February, as two other important indicators of hotel-business performance were mixed.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the North Country’s largest county fell 4.1 percent to 38.6 percent in the second month of 2024 from February 2023, according to STR, a Tennessee–based hotel market data and analytics company.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, edged down 0.2 percent in Jefferson County to $41.78 in February, compared to the year-ago month.
The average daily rate (ADR), which represents the average rental rate for a sold room, went up 4.1 percent to $108.33 in February from the same month in 2023.
OPINION: Squatters’ Rights: Bad Policy Leads to Bad Public Safety
I [recently] joined small property owners and my colleagues in the Assembly Minority Conference to call out New York State’s flawed and unfair squatting laws. Thanks to a perfect storm of bad lawmaking, an overflow of unvetted migrants, and unethical TikTok posts, New York homeowners have been subjected to an unprecedented assault on their private
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I [recently] joined small property owners and my colleagues in the Assembly Minority Conference to call out New York State’s flawed and unfair squatting laws. Thanks to a perfect storm of bad lawmaking, an overflow of unvetted migrants, and unethical TikTok posts, New York homeowners have been subjected to an unprecedented assault on their private property.
The problem starts with the way our existing laws are written. In New York, squatters are given generous rights after 30 days of occupying a dwelling, and while this rule was presumably put in place to protect renters from unscrupulous landlords, instead it is being abused by those seeking a free ride. Homeowners from around the state have reported instances where their unoccupied homes, often on the market for sale, are being used as free lodging for opportunistic squatters who know how to abuse our laws. Making matters worse, thanks to the proliferation of social media, migrants who have been bussed here from the southern border are sharing tips and tricks to game the system. This must stop.
My colleague, Assemblyman Jake Blumencranz (R,C–Oyster Bay), introduced the Property Protection Act (A.6894) to protect homeowners from this scenario. His legislation extends the period to obtain tenancy rights from 30 days to 45 days and adds “squatting” to the definition of criminal trespass in the third degree. Simply stated, strangers invading our property should not be protected under the law, and allowing as much is a disservice to the rightful property owners who worked hard to buy their homes. At one point, the American dream was to purchase a home, own property to raise a family, or use as we please. We already have an outmigration problem, and protecting squatters will do nothing to stem it.
The squatting trend has reached a boiling point in recent weeks. Police recently reported that a woman traveling from Spain to prepare a Manhattan apartment owned by her late mother was brutally beaten to death by squatters. Every lawmaker should be outraged and seeking ways to fix the irrational policies that encouraged those two individuals to be there in the first place.
The sad reality is that property rights in New York have been eroding for years. The state’s progressive wing has shown time and again a severe lack of respect for the idea of private property, and I often wonder what our state would look like if the socialists in charge had their way. Ownership of private property is a staple of American democratic and capitalist ideals. They are part of what made our state and our nation the beacons of prosperity they have been for hundreds of years. Sadly, it seems there is a movement to suffocate those ideals under the guise of opaque, misguided humanitarian goals that do far more harm than good.
The Assembly Minority Conference stands with small-business owners and property owners who do not want to see their life’s savings stolen by trespassers. Legitimate, legal renters facing financial hardship deserve assistance when needed, but giving thieves a free pass to invade and occupy a home for sale doesn’t serve the public interest. When enough homeowners and landlords leave the state, those looking for a place to live or rent will have a much harder time, thanks to these awful policies.
William (Will) A. Barclay, 55, Republican, is the New York Assembly minority leader and represents the 120th New York Assembly District, which encompasses all of Oswego County, as well as parts of Jefferson and Cayuga counties.
OPINION: FDR’s Four Freedoms Speech is Still Relevant Today
President Joe Biden reached back into history in his recent State of the Union (SOTU) address, citing a January 1941 speech in which Franklin Delano Roosevelt (FDR) called on America to reject isolationism and engage with the world. This was the famous “Four Freedoms” speech, when FDR laid out his idealistic vision of “four essential
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President Joe Biden reached back into history in his recent State of the Union (SOTU) address, citing a January 1941 speech in which Franklin Delano Roosevelt (FDR) called on America to reject isolationism and engage with the world. This was the famous “Four Freedoms” speech, when FDR laid out his idealistic vision of “four essential freedoms” that were worth fighting for: freedom of speech, freedom to worship, freedom from want, and freedom from fear.
Roosevelt’s immediate purpose, the one that [our current president] embraced, was to rally support for America’s friends. As Biden said, “freedom and democracy were under assault in the world.” World War II was well underway in Europe. Hitler’s forces had conquered Poland, and France, Luxembourg, Belgium, and the Netherlands would fall to Germany within months. In the Pacific, Japan was expanding its empire.
FDR’s speech articulated one of the “big decisions” that shaped American history. An ardent internationalist, he argued that the attacks in Europe and Asia would inevitably threaten our freedom, and it was in our national interest to respond. America’s safety was “overwhelmingly involved in events far beyond our borders,” he told Congress.
He had just been elected to an unprecedented third term, and his Republican opponent, Wendell Willkie, also favored support for U.S. allies. FDR said Americans agreed “by an impressive expression of public will and without regard to partisanship.” In fact, there remained a strong strain of isolationism among the public. Many people were still exhausted from World War I, which claimed more than 100,000 American lives. The Great Depression had understandably put the focus on domestic suffering.
Roosevelt wasn’t calling for American soldiers to go to war. Instead, he wanted funds to manufacture military supplies and equipment for America’s allies. The U.S. economy would shift from a peacetime to a wartime footing. Allies didn’t need manpower, he said, but needed billions of dollars’ worth of weapons to defend themselves. Persuaded, Congress passed the Lend Lease Act, which let the president direct aid to the allies without violating the official U.S. position of neutrality.
On Dec. 7, 1941, Japan invaded Pearl Harbor and neutrality was a thing of the past.
Roosevelt didn’t use the phrase “four freedoms” until near the end of the speech, but the concept came to symbolize what America and its allies would be fighting [to protect]. The artist Norman Rockwell created iconic illustrations, published in the Saturday Evening Post, that represented each of the freedoms, and the U.S. Treasury Department sold copies to raise money for the war effort.
Biden [in his March 7 SOTU address] cited FDR’s speech to appeal for billions of dollars in military aid for Ukraine, which has spent the past two years fighting … against an invasion by Vladimir Putin’s Russia. Congress has, unfortunately, stalled the aid, with partisanship playing a big role, [I believe].
The president was on target to point out parallels between FDR’s time and our own. [Former President] Donald Trump, the almost certain Republican candidate for president [this year], has questioned U.S. support for Ukraine and argued Europe should bear more of the cost. Many Americans today are disillusioned from our wars in Iraq and Afghanistan and focused on domestic problems. Trump’s “America First” slogan even shares its name with an isolationist group that opposed U.S. entry into World War II.
But Biden’s argument that America should stand by its friends is as true today as ever. It will not serve our national interest to stand by as Russia threatens Europe.
The debate over helping Ukraine is a reminder that our nation’s big decisions often are revisited. Do we still believe in freedom of speech, freedom to worship, freedom from want, and freedom from fear for all people? Will we stand by our friends? What, exactly, is America’s role in the world? Each generation of Americans will have to answer these questions anew.
Lee Hamilton, 92, is a senior advisor for the Indiana University (IU) Center on Representative Government, distinguished scholar at the IU Hamilton Lugar School of Global and International Studies, and professor of practice at the IU O’Neill School of Public and Environmental Affairs. Hamilton, a Democrat, was a member of the U.S. House of Representatives for 34 years (1965-1999), representing a district in south-central Indiana.
ANGELINA M. CARROCCIO has joined Dannible & McKee, LLP, a certified public accounting and consulting firm, as a staff accountant with its accounting and advisory
Bell & Spina Architects-Planners, Syracuse office recently announced RYAN GRACE as the firm’s newest junior partner and shareholder. Grace has been with the firm since
MATT GUILES has joined Solvay Bank as its new assistant VP, branch manager for its State Tower branch in downtown Syracuse. He joined Solvay Bank
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