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Small-business owners still downtrodden in January
Small-business owners could not grind out much in the way of positive feelings in January, as expectations for the economy continued to be a millstone
Gillibrand visits CNY to push manufacturing bill
DeWITT — U.S. Sen. Kirsten Gillibrand (D–N.Y.) promoted a new manufacturing-assistance bill in DeWitt this afternoon. The bill, which Gillibrand is touting as the first
Maxwell School professor appointed to national postal-service reform panel
SYRACUSE — Walter D. Broadnax, a professor at the Maxwell School of Syracuse University, has been appointed to a panel leading an independent review of
Crouse Hospital names Sedore new chief nursing officer
SYRACUSE — Crouse Hospital pulled its new chief nursing officer from the top of its college of nursing. The Syracuse hospital appointed Ann Sedore, a
Arnot Health lands grants for equipment purchases
ELMIRA — Arnot Health recently received several grants to use toward purchasing a new evaluation and treatment kit and a new portable ultrasound system for
Local firm to handle cleanup at former GM site
MASSENA — An environmental services firm in Massena will handle the next phase of cleaning up the site of the former General Motors Powertrain facility
OSWEGO — The Oswego law firm of Amdursky, Pelky, Fennell & Wallen, P.C. has named Courtney S. Radick a partner in the firm. Radick joined
CNY companies top New York City’s One World Trade Center
In a matter of weeks, a group of Central New York businesses will see fruits of their labor rise to the pinnacle of the tallest tower in New York City. The companies — J.R. Clancy, Inc. of Van Buren, TDK Engineering Associates, P.C. of Camillus, and Blair Construction & Fabrication of Auburn — worked to
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In a matter of weeks, a group of Central New York businesses will see fruits of their labor rise to the pinnacle of the tallest tower in New York City.
The companies — J.R. Clancy, Inc. of Van Buren, TDK Engineering Associates, P.C. of Camillus, and Blair Construction & Fabrication of Auburn — worked to design and build a beacon for the last section of the spire topping One World Trade Center, the building formerly referred to as the Freedom Tower. Plans call for the skyscraper to stand at 1,776 feet, which its developers claim would make it the tallest building in the Western Hemisphere.
Technically, the beacon won’t be the highest light on the tower spire, as Federal Aviation Administration lights will glow above it. But the Central New York beacon should shine brightly enough to spotlight the companies involved in making it, says Joseph Durand, TDK president and founding principal.
“People don’t know how talented the businesses are around here,” he says. “These manufacturing guys are second to none. They don’t blow their own horn. You don’t hear anything about them. But talk about talent.”
Crews are set to hoist the beacon into place sometime at the end of February or early in March, according to TDK. It is part of an 18-section, 408-foot-tall spire. The first section of the spire went into place in January.
TDK started working as a subcontractor on the beacon project in 2008, just after rigging-system specialist J.R. Clancy was hired to create the sky-high lantern. The design combines fixed light-emitting diodes (LEDs) with a rotating mirror system to create moving beams of light. They will shine out on two sides, cycling at a pace of one revolution per minute.
Anyone looking at the New York City skyline should notice the beacon, according to Thomas Trytek, TDK vice president and founding principal.
“You could be down virtually anywhere in the city, and as long as you could see the building, you could see the light,” he says. “The beacon itself, the intensity of it, is like the full moon. It’s not really blinding, but you’re going to be able to see it.”
Trytek helped to manage the beacon’s construction along with TDK Senior Designer Daniel Coe. J.R. Clancy fabricated some components, including gear motors and controls. And Blair Construction/Fabrication in Auburn manufactured stainless-steel, aluminum honeycomb, and aluminum mirror-finished components.
Initial concepts called for xenon lights, but the design team scrapped them in favor of LEDs. The LEDs last longer — 50,000 hours instead of 750 hours — and consume less energy, dropping annual operating costs to $8,804 from $22,907, according to TDK’s estimates.
Designing the beacon wasn’t as easy as swapping out light bulbs, though.
“Every piece of the unit has to be able to be carried in and out by a person,” says Mike Murphy, president of J.R. Clancy. “Because you need to go up through the antenna if you’re going to do any work on it.”
Going up through the antenna means accessing the inside of the beacon through a 28-inch porthole. Reaching the lantern’s innards through that porthole proved to be another challenge: The mirror apparatus ended up blocking certain components.
So the design team sketched out mirror sections that can be folded and stored in the sides of the beacon. They also added the ability to manually turn the mirror apparatus in order to gain access to different beacon parts.
“They’re all challenges, but the significance of this project is important,” Murphy says. “It’s rewarding to be a part of the entire building. It’s a big name.”
Murphy declines to share the size of the beacon contract. Trytek doesn’t know the exact dollar amount, but estimates it cost around $1 million.
Existing connections between J.R. Clancy and Tishman Construction group helped the Van Buren company land the beacon contract, Murphy says. Tishman Construction group, a part of the global engineering-design firm AECOM, is working on One World Trade Center.
Before being shipped to New York City, the beacon components had to be assembled and tested at J.R. Clancy’s headquarters. Then they had to be taken apart again for shipment. Workers will reassemble them for installation at One World Trade Center.
J.R. Clancy is headquartered in 35,000 square feet at 7041 Interstate Island Road in Van Buren. It employs 55 people and is owned by Wenger Corp. of Owatonna, Minn. Murphy projects the company will grow its revenue by 10 percent in 2013 but does not disclose specific totals. He also credits J.R. Clancy Director of Project Management Bridget Cox with overseeing the beacon project.
TDK owns a 3,000-square-foot building at 19 Genesee St. in Camillus that serves as its headquarters. The company has nine employees. It generates $1.5 million to $2 million annually and is likely to grow by 5 percent in the upcoming year, according to its principals. The company has a third principal, Jason Kantak, in addition to Durand and Trytek.
Blair Construction & Fabrication employs 17 people at a 35,000-square-foot headquarters at 284 North St. in Auburn. Its vice president, Blair Longo Jr., declines to discuss revenue.
Fabricating parts for the beacon was a major job, one that required precision, Longo says. The Auburn company is proud to be part of the project, he adds.
“It’s huge for us,” Longo says. “This is probably the highest-profile thing we’ve done. When you look at the building, that’s what you’re going to see.”
Contact Seltzer at rseltzer@cnybj.com
Ithaca software firm opens new offices in Syracuse, Endicott
SYRACUSE — Ithaca–based software-development firm Envisage Information Systems has new offices in Syracuse and Endicott and is working to tap into the local talent pools in those markets to keep pace with its recent growth. The Syracuse office, located in 4,000 square feet at Presidential Plaza, opened in January. Envisage has had a presence in
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SYRACUSE — Ithaca–based software-development firm Envisage Information Systems has new offices in Syracuse and Endicott and is working to tap into the local talent pools in those markets to keep pace with its recent growth.
The Syracuse office, located in 4,000 square feet at Presidential Plaza, opened in January. Envisage has had a presence in Endicott, a 4,000-square-foot office at 306 E. Main St., since September.
Envisage provides recordkeeping systems and other software products for the retirement industry.
Both new offices have about 20 people currently with room to double that total, says Robb Jetty, senior executive vice president at Envisage. The company expects to grow the offices to those levels over the next six months, he adds.
Envisage is headquartered in a 15,000-square-foot building at 31 Dutch Mill Road in Ithaca. The satellite locations launched so the firm could attract talent more easily from those communities, Jetty says.
The business has been growing rapidly in recent years and finding enough people to keep pace has been challenging, he adds.
“That is our biggest challenge and we are happy to have it,” Jetty says.
Around 2009, Envisage had about 30 employees and generated $5 million in revenue. But some new federal regulations that emerged that year started the firm on a path to rapid growth, according to the company.
The rules applied to 403(b) retirement plans. They’re similar to 401(k) plans, but used by colleges, hospitals, and other nonprofits. The regulations mandated new levels of accountability and required a consolidated overall picture of what was happening in the plans.
That meant that a need for new software emerged, according to Envisage. The company built a software product, known as Common Remitter, to help the industry meet the new rules. The firm worked with a client in Kansas to design the product.
The client went live and ran the system for about a year before a national player in the space found out about it and signed on. The product allowed Envisage to grow its revenue and helped the staff swell to its current total of about 200.
Envisage was expecting more than $15 million in revenue in 2012.
The company is just starting to reach out directly to colleges and universities on recruiting, Jetty says. Envisage expects the new offices to help with those efforts.
The initial staff members at both locations already worked for Envisage and either commuted to Ithaca or worked remotely, Jetty says. He adds that the company tries to hire as many local people as possible, but its rapid growth rate has prompted some outsourcing.
“Our growth forced us to attack on all fronts,” he says.
The satellite offices house a mix of employees including software developers, business analysts, project managers, and more. Envisage could look to open more remote offices in the future, Jetty says.
The company also has been hiring in the Rochester market so that could be a future target for a physical location, he says. The firm has about four employees in that market at the moment so that base would have to grow before opening an office there.
Envisage has clients nationwide and has been in business since 1990. The firm has been focusing on the retirement industry since 1998.
Jetty and Envisage President and CEO Steff McGonagle own the firm with several angel investors.
Contact Tampone at ktampone@cnybj.com
Upstate consumer confidence drops for third consecutive month
Consumers in upstate New York had a growing case of the blues for the third straight month in January. An index of overall consumer sentiment for Upstate New York from the Siena (College) Research Institute (SRI) fell 2.5 points during the month to 68.3. The decline, which came after a 2.8-point drop in December and
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Consumers in upstate New York had a growing case of the blues for the third straight month in January.
An index of overall consumer sentiment for Upstate New York from the Siena (College) Research Institute (SRI) fell 2.5 points during the month to 68.3. The decline, which came after a 2.8-point drop in December and a 2-point dip in November, means consumers pulled back on their willingness to spend.
Upstate’s consumer-confidence reading has now slipped firmly below its break-even point of about 76 after flirting with the mark in October. Confidence-index readings above 76 indicate primarily optimistic consumers, while readings below 76 mean more consumers were pessimistic.
Confidence declined regarding both current conditions and hopes for the future. The region’s current-confidence index slipped 1.9 points to 72.4. Its future-confidence index skidded 2.9 points to 65.7.
“We’re almost identical to where we were in January 2012,” says Douglas Lonnstrom, a professor of statistics and finance at Siena College and SRI founding director. “All we did was drift for the whole year.”
In January of 2012, Upstate’s overall confidence notched 69.5. Its current confidence was 73.9, and its future confidence was 66.7.
Back in the current year, consumers in the metropolitan New York City area also lost confidence. The area’s overall sentiment score dipped 3.4 points to 77.9. Its current score edged down 0.8 points to 75, while its future score crumbled 5.1 points to 79.8.
That helped drag down indexes measuring consumer sentiment in New York State as a whole. The state’s overall index eroded 2.8 points to 74.5, its current index ticked down 1.1 points to 74.3, and its future index tumbled 3.9 points to 74.7.
SRI’s data shows confidence diverging slightly between higher-income earners and lower-income earners in the state. Overall confidence climbed among higher-income residents, moving up 1.1 points to 80.2. It moved down for lower-income residents, crashing 5 points to 68.2.
“Everybody was down except high-income people,” Lonnstrom says. “And they were only up a point, so there was not a lot there.”
Also rising by about a point was a confidence reading for the U.S. as a whole. The University of Michigan’s national Index of Consumer Sentiment edged up 0.9 points to 73.8. Its current index lost 2 points to 85, but its future index gained 2.8 points to 66.6.
Gas and food prices
Food prices became a larger problem for upstate’s consumers in January, according to SRI’s polling. The portion of the region’s consumers naming food prices as a problem leapt 6 points to 72 percent.
Gasoline prices were also cited as a problem by more than half of upstate residents, but the portion pointing to gas prices as an issue rose just 2 points to 64 percent. The portion of residents naming both gas and food prices as a problem jumped 5 points to 56 percent.
“If you look at gas prices, they stayed very level,” Lonnstrom says. “However, food prices took a jump up.”
Statewide, 71 percent of consumers pointed to food prices as a problem, up 4 points from December. Concern for gas prices held even in January at 54 percent, while concern over both gas and food prices hit 47 percent, up 2 points from the previous month.
New York buying plans
Buying plans had a rocky month in January, as consumers cut back on intentions to purchase goods in four of five categories that SRI measures.
But the remaining category, homes, provided some reason for hope, Lonnstrom says. Home-buying plans jumped 1.5 points so that 4.4 percent of consumers intended to purchase a home in the next six months.
“The one bright spot is perhaps home-buying,” Lonnstrom says. “If the housing market could turn around, we could see a better year here.”
Plans to buy cars and trucks deflated 0.9 points to 10.6 percent, and plans to buy computers dialed down 3 points to 14.9 percent. Furniture-buying plans sank 0.1 point to 20.6 percent, and plans to purchase major home improvements edged 0.4 points toward the basement, moving to 16.2 percent.
SRI conducted its monthly consumer-confidence survey by making random telephone calls to 801 New York residents over the age of 18 in January. A margin of error does not apply to consumer-confidence index results, which come from a series of statistical calculations, SRI says. Buying plans have a margin of error of plus or minus 3.5 points.
Contact Seltzer at rseltzer@cnybj.com
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