Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Whitman dean joins Aflac board
SYRACUSE — The dean of Syracuse University’s management school is now a member of the board of directors at Aflac, Inc., a Fortune 500 company
Poll finds support for minimum-wage hike, tax breaks
Proposals to increase New York’s minimum wage and to give small businesses in the state a package of tax cuts and credits received high levels
Oneida County Tourism names grant winners
UTICA — Twenty area attractions, organizations, and events will benefit from the Tourism Marketing Grant Assistance Program of Oneida County Tourism, which awarded more than
JumpStart applications due in June
ITHACA — Applications for the latest round of the JumpStart Grant program are due June 30. JumpStart, a program of the Cornell Center for Materials
Net income falls at Beacon Federal in Q1
DeWITT — First-quarter profit slipped more than 13 percent to $1.3 million, or 21 cents a share, at Beacon Federal Bancorp (NASDAQ: BFED). The DeWitt–based
Local CPA to be installed as state society president
SYRACUSE — Gail Kinsella, a partner at accounting firm Testone, Marshall & Discenza, LLP (TMD) of Syracuse, will begin today her one-year term as president
Ithaca named third-best city in U.S. for finding a job
Ithaca is one of the best cities in the country in which to find a job, according to a new list from a staffing firm.
Mobile foreclosure-prevention center visiting Syracuse Monday
A 36-foot-long vehicle serving as the state Department of Financial Services (DFS) Mobile Command Center will bring mortgage-foreclosure specialists to Syracuse on Monday. The specialists
HARC ready to lease out business park space
HERKIMER — The old industrial building that the Herkimer Area Resource Center (HARC) acquired in the fall of 2009 has come a long way since then. Now, with fresh paint, new windows, and a host of other improvements, the building is ready for any potential tenants looking to lease office, industrial, or warehouse space in
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HERKIMER — The old industrial building that the Herkimer Area Resource Center (HARC) acquired in the fall of 2009 has come a long way since then.
Now, with fresh paint, new windows, and a host of other improvements, the building is ready for any potential tenants looking to lease office, industrial, or warehouse space in the HARC Business Park.
“It’s been a lot of different things,” HARC President and CEO Kevin Crosley says of the building, which has been home to LaSalle Laboratories and a Furniture Weekend store in more recent years and a women’s garment manufacturer years ago. “Our goal is to turn it into a real community asset.”
HARC will do that, he says, by leasing out space in the 120,000-square-foot, three-story building located on the corner of East German Street and Route 28.
The building is already home to the Herkimer County Chamber of Commerce, which moved in last November as the anchor tenant. HARC also leases industrial and warehouse space to several companies including Albany International Corp., TimBar Packaging & Display, and Fiberdyne Labs, Inc. In addition, HARC uses some of the industrial space to perform contract work for several of its tenants, including Albany International and TimBar Packaging.
Those partnerships work out well, Crosley says, because HARC gets paid to perform the contract work and is paid for the leased space.
But it’s a big building, with plenty more room available, he notes.
That’s why HARC is launching efforts to market the structure and let potential tenants know it’s available.
HARC has invested more than $1 million in the building to install new windows on the first floor, paint all three floors, install subflooring, install a new elevator, pave an 80-space parking lot, and install new doors to make the building ready for tenants. Some of the work was funded through grants from The Community Foundation of Herkimer and Oneida Counties and the New York State Energy Research and Development Authority provided funding through grants and incentives for some of the work, including the elevator and the new lighting.
The Herkimer Chamber leases just over 2,000 square feet on the first floor, where there is a conference room that tenants can share. About 8,000 square feet is dedicated “incubator” space where HARC can either rent the whole space or partition it and build out offices to suit small tenants who just need a one- or two-room office.
The second and third floors are primarily industrial and warehouse space, complete with a freight elevator and three loading docks.
The goal, Crosley says, is to provide businesses with usable space in a historic building, while also diversifying the revenue stream of HARC, a nonprofit agency that provides services and employment opportunities to the disabled.
This year, the agency is struggling against a $1 million cut in funding, which it receives from the state through Medicaid. The agency has had to absorb that 6 percent loss into its $23 million budget for this year, Crosley says. Rather than generate extra revenue, which it could then re-invest in the agency, HARC will likely just break even this year, he says. The agency employs more than 400 people and has not had to lay anyone off in spite of the funding cuts.
That’s why developing a revenue stream from other sources is so important, Crosley says. HARC has already made some strides in that area, launching a Goodwill store several years ago and acquiring Advanced Technologies, a safety-equipment supplier, last August. Becoming a landlord is just another way to further diversify where the agency’s money comes from, Crosley says.
As the first tenant, the Herkimer Chamber has had nothing but positive experiences in its new home, Executive Director John Scarano says.
“It gives us a more professional presence,” he says of the space, and the attention the chamber has received since moving to the building has helped the organization grow its membership.
Built in 1898, the HARC Business Park facility is located on five acres in the village of Herkimer.
HARC (www.herkimerarc.org) serves more than 700 individuals with day programs, health services, residential services, recreational and respite services, a senior center, family care, family support, and its Valley Commons, Career Connections, Goodwill-HARC Store & Donation Center, Herkimer Industries, and transportation divisions.
Oneida Nation joins investor group buying Hofmann Sausage Company
VERONA — The new owners of Hofmann Sausage Company — a group that includes a Dallas businessman and Oneida Nation Enterprises — have big plans to launch the Syracuse–based company into the national and international spotlight. “We’re pretty excited about everything,” says Frank Zaccanelli of Zaccanelli Food Group (ZFG), which acquired Hofmann. Financial terms of
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VERONA — The new owners of Hofmann Sausage Company — a group that includes a Dallas businessman and Oneida Nation Enterprises — have big plans to launch the Syracuse–based company into the national and international spotlight.
“We’re pretty excited about everything,” says Frank Zaccanelli of Zaccanelli Food Group (ZFG), which acquired Hofmann. Financial terms of the acquisition were not disclosed. The deal was first announced in a high-profile news conference at Turning Stone Resort Casino on May 7.
While energized about the plans to bring Hofmann to the next level, Zaccanelli was quick to point out in a follow-up interview that nothing else is going to change — not the hot dogs, sausage, and other meat products the company is known for, not the way they’re made, not where they’re made, and not who makes them. As the new CEO of Hofmann Sausage Company, Zaccanelli says the company will stay in Syracuse and will retain its current 30 to 40 employees.
What will change is that Central New York Hofmann fans will soon be able to enjoy Hofmann products in a host of locations from grocery stores to quick-service restaurants across the country, he says.
“This is still a Syracuse-centric company,” Zaccanelli says. He just wants to share the flavor of a Hofmann hot dog, something Syracuse has enjoyed since the company began in 1879, and spread it across the country, and, if he can, across the globe.
The process will begin Memorial Day weekend when 67 Albertsons grocery stores in Texas begin carrying Hofmann products, he says. If that goes well, he hopes to land the rest of Albertsons’ 450 stores. Zaccanelli also has lots of other deals in the pipeline that he’s confident will pan out for Hofmann.
That includes plans to develop a Hofmann quick-service restaurant concept. “We will roll those restaurants out initially in Dallas and eventually throughout the country,” Zaccanelli says. The concept will most likely include free-standing restaurants as well as walk-up restaurants suited for mall food courts and airports.
The best part, Zaccanelli says, is the cross-branding opportunities the firm will have between its restaurants and its wholesale and retail products. Each will help sell the other, he says.
ZFG has already hired several new employees in Dallas to work on marketing and expanding Hofmann, Zaccanelli says.
More aid with marketing will come from Oneida Nation Enterprises, whose Turning Stone Resort Casino will serve as headquarters for marketing events. The nation also serves Hofmann hot dogs as the official hot dog of Turning Stone. Oneida Nation Enterprises CEO Ray Halbritter will serve on Hofmann’s board.
The nation receives solicitations for business deals on an almost daily basis, Halbritter says in an interview. The Hofmann deal just stood out as a solid one, he adds. It dovetails nicely with the nation’s desire to invest in the region.
“We thought it would be a very nice investment,” Halbritter says. “I think it has such potential.”
He didn’t disclose how much Oneida Nation Enterprises has invested.
The deal’s potential is driven by the quality of the product, Zaccanelli, a Syracuse native, says. That quality is what will drive Hofmann’s success as a national brand, he says.
Also driving that success is the group of investors, which includes Syracuse University men’s basketball head coach Jim Boeheim, restaurateur Phil Romano of Romano’s Macaroni Grill, former Syracuse Police Chief Dennis DuVal, and former Dallas Cowboys quarterback Roger Staubach. Mary Ann Van Lokeren, former CEO of St. Louis–based Anheuser Busch distributor Krey Distributing will serve on the board.
Rusty Flook, former president of Hofmann, remains active with the company as vice chairman of the board, founding family member, and investor.
Based in Syracuse, Hofmann Sausage Company (www.hofmannsausage.com) is a meat manufacturer and distributor that offers more than 80 products at a variety of retail locations and online.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.