Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

Oneida, Herkimer counties consider 911 consolidation
Facing critical staffing shortages, Oneida and Herkimer counties are exploring the possibility of combining their emergency 911 services into one dispatch system. A combined dispatch

Oswego Health purchases new molecular laboratory equipment
OSWEGO, N.Y. — Oswego Health says it has purchased the cobas 5800 System, which it describes as a fully automated molecular laboratory instrument. It offers

People news: MVHS names three new board members
UTICA, N.Y. — Mohawk Valley Health System (MVHS) recently announced three new board members — Waleed Albert, John R. Brumsted, and Savneet Singh. Albert is

The Pay Transparency Laws Become Effective On September 17th. Are You Ready?
Later this month New York will join a handful of States in the US which require greater transparency in wages. In December 2022, the Governor

Carthage, Ogdensburg hospitals probe cyberattack
CARTHAGE, N.Y. — Carthage Area Hospital and Claxton-Hepburn Medical Center in Ogdensburg say their information technology (IT) teams worked through the weekend to stabilize all

MMRI receives $200,000 in funding for lupus research
UTICA, N.Y. — The Lupus and Allied Disease Association, Inc. (LADA) recently awarded the Masonic Medical Research Institute (MMRI) $200,000 for four research projects at

Ithaca nonprofit to use Guthrie program grant funding for clinical-internship program
ITHACA, N.Y. — Family & Children’s Service of Ithaca will use a grant of $5,000 for its clinical-internship program. The program provides mental-health interns with

Inflation and Insurance Rates: How to Offset the Impact
Many industries have been hit by inflation where it hurts the most, our pockets. Inflation is raising the price of goods and services including food,

New York home sales plunge nearly 25 percent in July
ALBANY, N.Y. — New York realtors sold 9,381 previously owned homes in July, down 24.9 percent from the 12,487 existing homes sold in July 2022. Pending sales also fell almost 11 percent, foreshadowing further declines in closed home sales in the next couple months. The data comes from the July monthly housing report that the
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ALBANY, N.Y. — New York realtors sold 9,381 previously owned homes in July, down 24.9 percent from the 12,487 existing homes sold in July 2022.
Pending sales also fell almost 11 percent, foreshadowing further declines in closed home sales in the next couple months.
The data comes from the July monthly housing report that the New York State Association of Realtors (NYSAR) issued on Aug. 22.
“Mortgage rates continued to climb in August, nearing seven percent, while the inventory of homes across New York State continued to drop to near record lows,” NYSAR said to open its housing report.
The monthly average on a 30-year fixed-rate mortgage rose from 6.71 percent in June to an average of 6.84 percent in July, according to Freddie Mac data. A year ago, at this time, the average monthly rate was 5.41 percent. Freddie Mac is the more common way of referring to the Virginia–based Federal Home Loan Mortgage Corporation.
New listings in New York state fell 18.6 percent to 13,320 in July from 16,366 a year prior. Pending sales totaled 10,326 in July, a decrease of 10.8 percent from the 11,572 pending sales in the same month in 2022, according to the NYSAR data.
The July 2023 statewide median sales price was $400,000, down 2 percent from the July 2022 median sales price of $408,000.
The months’ supply of homes for sale at the end of July stood at 3 months, down nearly 12 percent from the 3.4 months’ supply at the end of July 2022, per NYSAR’s data. A 6 month to 6.5-month supply is considered a balanced market, the association said.
The inventory of homes for sale totaled 27,911 in July, down more than 28 percent from the July 2022 figure of 38,969. It marks 45 straight months that the number of homes available has fallen in year-over-year comparisons, NYSAR said.
All home-sales data is compiled from multiple-listing services in New York, and it includes townhomes and condominiums in addition to existing single-family homes, according to NYSAR.

CenterState CEO launches Career Apprenticeship Initiative
It’s modeled on a Canadian program SYRACUSE, N.Y. — A new local program seeks to keep Central New York college graduates in the
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It’s modeled on a Canadian program
SYRACUSE, N.Y. — A new local program seeks to keep Central New York college graduates in the region to begin their careers.
CenterState CEO is working with Alan Rottenberg, founder of the Canadian Career Apprenticeship Initiative, and the Kingston Economic Development Corporation (KEDCO) on the program called the Career Apprenticeship Initiative (CAI).
The pilot program offers Central New York graduates, with a focus on liberal-arts grads, a one-year apprenticeship with regional employers. Organizations are offered a $7,500 salary reimbursement for agreeing to hire and train the student for a year. Thus far, the initiative has brought together six employers and students, with plans to continue the program in the next year.
Syracuse is the first pilot of the program in the U.S., CenterState CEO noted.
It is modeled on a similar program, funded by the Canadian Career Apprenticeship Initiative, which has operated successfully in Canada for several years. The Canadian program model has shown that participating cities retain “motivated, competent, and capable” university graduates who might otherwise depart for bigger cities in search of work.
“This region is a major producer of college educated graduates — there are approximately 140,000 students who attend college here every year (1 in every 10 CNY residents is a college student), with students coming from all over the world to attend college here. However, most of them leave after graduation, despite the significant level of employment opportunities here,” Robert Simpson, president of CenterState CEO, said. “With Micron and its suppliers soon to join our community, and nearly 7,000 professional and technical opportunities from over 240 employers listed on The Good Life CNY website (the highest it’s ever been), it’s imperative we find new, creative ways of sourcing the talent our employers need.”
The employers participating in the pilot program this year include Excellus BlueCross BlueShield, INFICON, American Food & Vending, SUNY Upstate Medical University, Syracuse Housing Authority, and Community Bank, N.A.
“Liberal arts graduates are often overlooked by employers. These students pursued their passion in college and learned skills through creative expression, but often struggle at the critical juncture between school and finding a pathway to a career,” Rottenberg said in a CenterState CEO release. “Many can remain unemployed, or underemployed for months or years post-graduation and ultimately leave communities looking for more opportunities in large centers. However, we have found that 90 percent of the participants who successfully complete the apprenticeship are retained by their employers, and the graduates stay in the communities after the apprenticeship ends.”
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.