Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Lewis County committee recommends Rochester firm to develop former Glenfield Elementary School
GLENFIELD, N.Y. — A Lewis County committee is recommending a Rochester company to acquire and redevelop a 6.9-acre former elementary school in Glenfield. Glenfield is
Oswego Health raising funds for renovations to its children’s mental-health center
OSWEGO, N.Y. — The child and family services department at Oswego Health is raising funding to renovate its mental health and wellness facility. The fundraising
Cornell University is a finalist in NSF competition focused on climate research
ITHACA, N.Y. — The National Science Foundation (NSF) has selected Cornell University as a $1 million awardee and finalist for investment through its regional innovation
Hamilton College fundraising campaign reaches $400 million goal
CLINTON, N.Y. — Hamilton College announced that it has reached its fundraising goal of $400 million for its “Because Hamilton” campaign, with several weeks remaining
Herkimer County Community College board elects new officers
HERKIMER, N.Y. — Herkimer County Community College’s board of trustees elected officers for 2023-2024 at its April 18 meeting. Michael Stalteri of Herkimer was elected chair, Daniel Reardon of Little Falls was voted vice chair, and Joan Prymas of Ilion was elected secretary. Stalteri, who serves as principal of the Frankfort-Schuyler High School and middle
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.
HERKIMER, N.Y. — Herkimer County Community College’s board of trustees elected officers for 2023-2024 at its April 18 meeting.
Michael Stalteri of Herkimer was elected chair, Daniel Reardon of Little Falls was voted vice chair, and Joan Prymas of Ilion was elected secretary.
Stalteri, who serves as principal of the Frankfort-Schuyler High School and middle school, was first appointed to the Herkimer College board in 2018. He previously served as assistant principal at Strough Middle School in Rome, principal at Staley Upper Elementary School in Rome, and assistant principal at Rome Free Academy. Stalteri also has experience as an adjunct instructor at both Herkimer College and Mohawk Valley Community College, as well as experience as a school social worker and counselor.
First appointed to the board in 2019, Reardon retired from a career in law enforcement and emergency management including posts as Herkimer County sheriff and incident-management system coordinator at the New York State Office of Homeland Security. He also served as the liaison between the National Center for Security and Preparedness and the State Preparedness Training Center for SUNY Albany in Oriskany.
Prymas has served on the Herkimer College board since 2015 and as secretary since April 2021. She retired from Herkimer College in 2004 after more than 30 years of teaching mathematics and was subsequently awarded emeritus status.
Stalteri replaces Isabella Crandall of Herkimer as chair. Crandall has served on the board for 25 years in roles including secretary, vice chair, and chair. Reardon replaces William Gregory as vice chair. Crandall and Gregory will continue to serve as trustees.
Berkshire Bank’s holding company to pay dividend of 18 cents a share on June 1
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) — parent company of Berkshire Bank, which has a major 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 will be payable on June 1, to shareholders of record as
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.
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) — parent company of Berkshire Bank, which has a major 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 will be payable on June 1, to shareholders of record as of the close of business on May 18.
At Berkshire Hills Bancorp’s current stock price, the payment yields about 3.6 percent on an annual basis.
Boston–based Berkshire has about $12.3 billion in total assets and a footprint of 100 financial centers in Massachusetts, New York, Vermont, Connecticut, and Rhode Island. Locally, Berkshire has branches in DeWitt, Rome, Whitesboro, New Hartford, North Utica, Ilion, and West Winfield.
State awards Crouse Health addiction-treatment services $239K grant for services
SYRACUSE, N.Y. — Crouse Health’s addiction-treatment services (ATS) will use state-grant funding of more than $239,000 to pursue a certification, recruit clinicians, and purchase equipment. The funding will “increase patient access and engagement while supporting the recruitment and retention of clinicians,” per a Crouse Health release. The funding comes from New York State’s opioid-settlement funds.
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.
SYRACUSE, N.Y. — Crouse Health’s addiction-treatment services (ATS) will use state-grant funding of more than $239,000 to pursue a certification, recruit clinicians, and purchase equipment.
The funding will “increase patient access and engagement while supporting the recruitment and retention of clinicians,” per a Crouse Health release.
The funding comes from New York State’s opioid-settlement funds. The state’s Office of Addiction Services and Supports approved the funding through the Comprehensive Treatment Programs grant.
The funding will make it possible for ATS to pursue certification as a comprehensive integrated outpatient-treatment program, Crouse Health said. Crouse currently co-locates an opioid-treatment program and outpatient-treatment program.
With the integrated certification, patients will no longer need to have two primary counselors in order to receive services through both programs. This will “improve the patient experience” and also support ongoing efforts for on-demand access to treatment, Crouse Health contends.
The organization will also use the funding for ATS clinician recruitment, patient education, and the purchase of equipment needed for patient care.
Onondaga County hotels register 8 percent occupancy gain in March
SYRACUSE, N.Y. — Onondaga County hotels again produced solid growth in business activity in March, according to a recent report. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county increased 8 percent to 58.9 percent in the third month of the year compared to March 2022, according to STR, a
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.
SYRACUSE, N.Y. — Onondaga County hotels again produced solid growth in business activity in March, according to a recent report.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county increased 8 percent to 58.9 percent in the third month of the year compared to March 2022, 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, jumped 19.7 percent to $69.70 in Onondaga County in March from a year before.
Average daily rate (or ADR), which represents the average rental rate for a sold room, rose 10.8 percent to $118.42 in March compared to March 2022.
Broome County hotel occupancy edges up 1 percent in March
BINGHAMTON, N.Y. — Broome County hotels posted modest growth in business activity in March. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county ticked up 1 percent to 55.4 percent in the third month of this year compared to March 2022. Two other important indicators of business performance for Broome
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.
BINGHAMTON, N.Y. — Broome County hotels posted modest growth in business activity in March.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county ticked up 1 percent to 55.4 percent in the third month of this year compared to March 2022.
Two other important indicators of business performance for Broome County hotels increased significantly more in March.
Revenue per available room (RevPar), an industry gauge that measures how much money hotels are bringing in per available room, rose 7.1 percent to $55.98 in March versus the year-prior month.
Average daily rate (ADR), which represents the average rental rate for a sold room, increased 6 percent to $100.96 in the county in March, compared to March 2022.
LGS SPOTLIGHT: April Brissette, Chief of Staff, BHG Financial
LGS Class of 2020 Hometown: Syracuse (graduate of Henninger High School) Home today: Tully (commutes daily to Syracuse for work) Pride & Vision What makes you proud to be a Syracusan? Many things: Our city is diverse. We have a strong sense of community. We have a great presence in the arts. We have great
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.
LGS Class of 2020
Hometown: Syracuse
(graduate of Henninger High School)
Home today: Tully
(commutes daily to Syracuse for work)
Pride & Vision
What makes you proud to be a Syracusan?
Many things: Our city is diverse. We have a strong sense of community. We have a great presence in the arts. We have great entertainment options. We have some of the best restaurants. We enjoy a low cost of living . We are centrally located in the state, giving us the ability for day trips and weekend trips to a number of attractive locations. I could go on….
What is your vision for Syracuse?
A thriving community in Syracuse would be one with more cohesion, new efforts to reduce crime, more community support, and more access to mental-health resources among other things.
About Your Community Work
How do you help strengthen our community?
I am a walking cheerleader for Syracuse. Our city has so much to offer and I often tell people that it’s the most beautiful place in the world, eight months of the year. Winter is still fun, but the other three seasons in Syracuse — I don’t know how you beat them anywhere else.
Causes Supported
What causes, issues, or organizations do you actively support?
I am actively involved in a number of charities through my employer. For example, I recently volunteered for a Make-A-Wish Central New York event. I am most proud of the board seat I have at David’s Refuge. I became the treasurer this year as well. The mission of David’s Refuge is: “To provide respite, resources and support to parents and guardians of children with special needs or life-threatening medical conditions where they will be refreshed, restored and renewed in their role as caregivers.” As a parent of a special-needs child myself, I know first-hand how important this support is. I am honored to serve on the board.
ABOUT LGS
LGS memory: What was the most surprising aspect of your LGS experience?
After growing up in Syracuse my entire life, there was so much I still didn’t know about what our city has to offer, and what areas need support from the community. LGS ignited a new passion in me to explore Syracuse and to get even more involved than I already was.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.