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Lockheed Martin to pay Q3 dividend of $3 a share in late September
The Lockheed Martin Corp. (NYSE: LMT) board of directors has authorized a third-quarter, 2023 dividend of $3 per share. The dividend is payable on Sept. 22, to holders of record as of the close of business on Sept. 1. At Lockheed’s current stock price, the dividend yields about 2.6 percent on an annual basis. Lockheed […]
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The Lockheed Martin Corp. (NYSE: LMT) board of directors has authorized a third-quarter, 2023 dividend of $3 per share.
The dividend is payable on Sept. 22, to holders of record as of the close of business on Sept. 1. At Lockheed’s current stock price, the dividend yields about 2.6 percent on an annual basis.
Lockheed Martin — a Bethesda, Maryland–based global security and aerospace company — has two plants in Central New York, in Salina and in Owego, respectively. The defense contractor has about 116,000 workers worldwide, primarily engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services.

Wolfspeed secures financing for expansion efforts
MARCY, N.Y. — Silicon-carbide technology company Wolfspeed, Inc., (NYSE: WOLF) recently announced it has secured $1.25 billion in financing, with an accordion feature for up to an additional $750 million, from an investment group led by Apollo (NYSE: APO). The financing supports Wolfspeed’s efforts to ramp up production and expand as it works toward a
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MARCY, N.Y. — Silicon-carbide technology company Wolfspeed, Inc., (NYSE: WOLF) recently announced it has secured
$1.25 billion in financing, with an accordion feature for up to an additional $750 million, from an investment group led by Apollo (NYSE: APO).
The financing supports Wolfspeed’s efforts to ramp up production and expand as it works toward a $6.4 billion global capacity expansion plan. The company expects its efforts will yield an accelerated adoption of silicon carbide across an array of end markets and spur job creation in the U.S. semiconductor manufacturing segment.
“The group’s commitment to Wolfspeed further validates the importance of silicon carbide to the global energy transition,” Wolfspeed President/CEO Gregg Lowe said in a release. “This important step in our financing provides significant capital to scale up near-term operations at our Mohawk Valley Fab and construction of our Siler City materials facility to help us capture the growing silicon-carbide market opportunity. The financing positions Wolfspeed to continue to lead the growth of the industry and focus on the execution of our vertically integrated strategy to meet growing demand.”
Wolfspeed employs more than 350 people at its Mohawk Valley Fab, a 500,000-square-foot 200 mm silicon-carbide fabrication facility in Marcy, a figure ahead of the 270 the company originally projected it would employ by early 2023.
Work to build out Marcy’s 125,000-square-foot cleanroom began earlier this year, an estimated $2 billion project that will bring production capabilities to full capacity by 2027. Once complete, the Mohawk Valley Fab will be able to produce about $2 billion worth of product annually.
Wolfspeed announced in the fall of 2022 it will build a new materials-manufacturing facility in Chatham County, North Carolina. The $1.3 billion project will provide a 10-fold increase in the company’s silicon-carbide production capacity.
The new financing comes in the form of 9.875 percent notes that mature in 2030, with an option to prepay based on terms of the notes. The investment is led by funds managed by Apollo’s $450 billion credit business.
Wells Fargo & Company (NYSE: WFC) and Morgan Stanley & Co., LLC, served as financial advisors to Wolfspeed while Latham & Watkins LLP and Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, L.L.P. served as legal counsel.
Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to the Apollo funds and noteholder group. Apollo Capital Solutions provided capital markets and structuring advisory services for the transaction.
Headquartered in North Carolina, Wolfspeed produces silicon-carbide wafers for components used in devices such as electric vehicles, fast chargers, 5G applications, and the renewable energy, aerospace, and defense industries.

Operation Oswego County annual meeting outlines projects
OSWEGO, N.Y. — A pair of Oswego County economic-development organizations provided help for projects that resulted in the creation or retention of 1,495 jobs, with more than $447 million in capital investment associated with 38 new, expanded, or retained facilities. Austin Wheelock, executive director of Operation Oswego County (OOC), was speaking about OOC and the
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OSWEGO, N.Y. — A pair of Oswego County economic-development organizations provided help for projects that resulted in the creation or retention of 1,495 jobs, with more than $447 million in capital investment associated with 38 new, expanded, or retained facilities.
Austin Wheelock, executive director of Operation Oswego County (OOC), was speaking about OOC and the County of Oswego IDA, or COIDA. His comment was part of Operation Oswego County’s 71st annual meeting held June 15 at the Lake Ontario Event and Conference Center in Oswego.
Ellen Holst, president of the OOC board of directors, welcomed about 135 representatives of businesses, government, education, labor, and other ally organizations to the meeting.
In the keynote address, Matthew Serrao, production manager for coating at Felix Schoeller North America, discussed the firm’s current expansion project in Pulaski, along with its history and how it has adapted over the past 60 years in Oswego County.
Projects
Operation Oswego County also used the annual meeting to outline about 20 projects that are underway in Oswego County, including the Felix Schoeller expansion, Novelis’ plans to construct two buildings in the town of Scriba, and Market House 1886 Brewing in Oswego, which is renovating a three-story building along the Oswego River.
In addition, Highland Animal Hospital in Central Square is under new ownership and pursuing an expansion project that includes the construction of a 7,200-square-foot building. The new structure will double the animal-care center’s available space. The expansion of this woman-owned business also includes the addition of a veterinary urgent-care center. The more than $3.5 million effort will create 14 jobs.
The projects discussed at the meeting also include Fairway Billiards, a startup pool hall in the town of Granby, which took on a $150,000 effort to renovate a leased former banquet facility. The updated venue will be available for both recreational play and for American Pool Association sanctioned tournaments. COIDA provided financial assistance, OOC noted.
OOC also assisted Stress BioAnalytics in Oswego with a $40,000 project that created three jobs. Stress BioAnalytics is a biotech startup at OOC’s Business Expansion Center. The business measures stress molecules in hair and fingernails for research institutions. The project was also a participant in the Next Great Idea 2021 Oswego County Business Plan Competition.
Awards
Operation Oswego County also used the occasion to announce several awards.
OOC honored SUNY Oswego with the Ally Award in “recognition and appreciation of the vision, commitment and leadership exhibited … for the benefit of the student body and the Oswego County community.”
The organization also recognized Felix Schoeller North America with the Business Excellence Award for 2023 “in recognition and appreciation for demonstrating outstanding leadership and commitment in operating and expanding” Felix Schoeller in Oswego County.
OOC also presented St. Luke Health Services with the Jobs Award for its “significant” contribution and economic impact of St. Luke Health Services on the Oswego County economy.
Brenden Backus, Kevin Dates, and Stephen Dates received OOC’s 2023 Dee Heckethorn Entrepreneur Award for their “entrepreneurial spirit, creativity and dedication” in opening the first distillery in Oswego County since prohibition; for establishing Lock 1 Distilling Company, a state farm distillery, in Phoenix in 2017; for adding new products made with locally sourced ingredients and promoting other local businesses; for receiving 16 awards at several spirits competitions since 2017; and for enhancing the tourism industry in the village of Phoenix, OOC said.
OOC honored Thomas Greco with the 2023 Martin Rose Economic Developer Merit Award for his “outstanding” record of exhibiting leadership, expertise, support and cooperation in advancing economic and community-development efforts in Oswego County and in Central New York; for his dedication and commitment to the financial services industry for over 20 years as a mortgage loan originator; for serving on the Operation Oswego County board of directors since 1986; and for having been a small business owner and licensed commercial real-estate appraiser; and for serving on numerous boards and organizations that are vital to economic development and the quality of life such as the Greater Oswego-Fulton Chamber of Commerce, the Central New York Mortgage Bankers Association, the Greater Syracuse Association of Realtors, and the Fulton Kiwanis Club.

5 teams selected for Medical Device Innovation Challenge
SYRACUSE, N.Y. — Upstate Medical University’s CNY Biotech Accelerator (CNYBAC) has selected five teams for its 2023 Medical Device Innovation Challenge (MDIC). The MDIC teams will participate in the Empire State Development (ESD) grant-supported program, which is now in its seventh year. The MDIC review committee, a select group of subject-matter experts, chooses the teams
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SYRACUSE, N.Y. — Upstate Medical University’s CNY Biotech Accelerator (CNYBAC) has selected five teams for its 2023 Medical Device Innovation Challenge (MDIC).
The MDIC teams will participate in the Empire State Development (ESD) grant-supported program, which is now in its seventh year. The MDIC review committee, a select group of subject-matter experts, chooses the teams involved, CNYBAC said in a news release on the Upstate website.
“We are very excited about the teams selected,” Kathi Durdon, executive director of the CNYBAC, which is located at 841 E. Fayette St. in Syracuse, said. “These are medical-device innovators working to commercialize exciting technology with the intent to positively impact how patients are diagnosed and treated.”
Under the program, the MDIC participants have access to targeted mentorship and matched resources from the state’s “innovation ecosystem.” The teams also receive student-based commercialization research through the Innovation Law Center at Syracuse University, a NYSTAR asset partner. NYSTAR is ESD’s Division of Science, Technology and Innovation.
CNYBAC offers selected team’s workspace and access to prototyping equipment in the CNYBAC Creation Garage as well as coordinated connections to Upstate Medical University research and clinical expertise and CORE facilities throughout the six-month program.
“We have graduated 33 teams to date with many of our graduates generating significant milestones, such as receiving grant awards, winning competitions, partnering with Upstate researchers and being accepted into accelerator programs,” Durdon said. “We have wonderful mentor support in areas such as regulatory, product development, startup company commercialization, intellectual-property protection and funding support. Our mentors are the key to the program’s success.”
MDIC participants
The five selected MDIC participating teams are the following.
AngiOhm
AngiOhm includes Wayne Patton, Ph.D. and Linghong Li, Ph.D.
Chronic wounds are “common, costly, and especially impact older adults.” Pressure injuries (bed sores) affect 2.5 million patients yearly in the U.S. and can become persistent and chronic, often frustrating health-care providers due to adverse impact on patient quality of life.
AngiOhm’s technology enables treatment of such soft-tissue wounds by promoting growth of collateral blood vessels to increase blood flow to a targeted tissue, through application of patent-pending pulsed electromagnetic fields (PEMFs). It is applicable to the field of regenerative medicine as it stimulates endothelial cells to populate avascular tissues through the processes of blood vessel sprouting and lumen formation, as described in the Upstate release.
BiRed Imaging Inc.
BiRed Imaging Inc. includes Satish Kandlikar, Ph.D. and Rhythm Patel. BiRed is located in Rochester and is part of the Rochester Institute of Technology’s (RIT) Venture Creations Incubator.
BiRed is developing an adjunctive breast-cancer detection technology that is “comfortable, radiation-free, contact-free, operator-independent and breast density-independent,” per the news release. It is “accurate” and is expected to reduce the health-care cost of breast-cancer screening for women.
It is based on an advanced machine-learning algorithm that uses breast-surface temperature measurements to supplement mammography. BiRed’s imaging system senses the altered temperatures on the surface of a breast from the increased metabolic activity of a cancerous tumor.
The system uses inverse heat-transfer analysis to detect the tumor and predict its size and location within the breast. In preliminary clinical studies, this approach was used to study 24 biopsy-proven cancer patients with accurate predictions of tumor size and location. The contralateral breasts having no cancer were also correctly predicted.
BiRed has successfully completed National Science Foundation Small Business Innovation Research (SBIR) phase-I project and is preparing to submit the Phase II proposal. It has one issued patent and two additional patents have been filed in the U.S. and other countries, per the release.
Lighthanded Enterprises
Lighthanded Enterprises includes CEO Steven Burns; CSO Brecken Blackburn, Ph.D.; and CTO Matt McPheeters, Ph.D.
Lighthanded is enabling pediatricians to better diagnose fluid in the middle ear with a “simple and effective” tool that works in the existing clinical workflow. Its laser otoscope enables pediatricians to obtain up to 90 percent accuracy at detecting otitis media with effusion (OME). This “revolutionary” technology will enable millions of kids to be “accurately” diagnosed with OME and receive appropriate treatment. For providers, the laser otoscope removes uncertainty in diagnosis and will enable more appropriate, value-driven referrals.
PodoSight, Inc.
PodoSight, Inc. includes Dr. Ronald Miller, Ph.D., and Daniel Ts’o, Ph.D.
Diabetic foot ulcers remain a significant disease burden in the growing diabetic population. Approximately one in five diabetics will eventually develop a foot ulcer. Unfortunately, diabetic patients are often unable to complete the daily foot exams necessary to ensure prevention of foot ulcers.
PodoSight has developed a device that enables early detection of developing ulcers by capturing and processing high fidelity plantar surface images.
Its digital imaging-based solution can be used independently by patients at home without any assistance. Using this assessment tool, “a change in the patient’s foot health can be detected prior to significant tissue damage.”
Advanced Gene Transfer Company (AGTC)
Advanced Gene Transfer Company (AGTC) includes CEO Omar Bakht, the team lead, along with CSO Ian Dickerson, CTO Michael Schrlau, as well as Shafaqat Rahman and Mujtaba Siddiqui.
Current cell-therapy technologies rely on the delivery of a genetic payload via retroviral infection, electroporation, or other methodology that can damage cell integrity and limits the extent of material that can be transfected into the cell.
AGTC is developing a carbon-nanotube technology (CNT) — co-invented at the University of Rochester and RIT — to build a device that allows for high-efficiency nonviral gene transfer without inducing cell damage. The goal of AGTC is to expedite cellular immunotherapy production using its proprietary CNT device that will improve dosage manufacturing, lower costs, and expedite delivery of these critical treatments.
AGTC is supported by an SBIR from NIH (National Institutes of Health) to optimize its CNT device, scale production, and show proof of concept using primary human lymphocytes.

Hotel operator donates $20K to Schuyler Health Foundation
WATKINS GLEN, N.Y. — Buffalo–based Hart Hotels, Inc. on June 14 donated $20,000 to the Schuyler Health Foundation as part of a volunteer reception held at the Watkins Glen Harbor Hotel, a Hart Hotels property. The donation represented a portion of the proceeds from the hotel’s popular “Fire and Ice” event in January, for which
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WATKINS GLEN, N.Y. — Buffalo–based Hart Hotels, Inc. on June 14 donated $20,000 to the Schuyler Health Foundation as part of a volunteer reception held at the Watkins Glen Harbor Hotel, a Hart Hotels property.
The donation represented a portion of the proceeds from the hotel’s popular “Fire and Ice” event in January, for which the foundation was selected as the beneficiary. David Hart, president and CEO of Hart Hotels, presented the gift.
“The Schuyler Health Foundation is honored to be the recipient of the proceeds for the 2023 Fire and Ice event. We appreciate the hotel choosing our non-profit and keeping the money in Schuyler County,” Kim Sprague, director of the Schuyler Health Foundation, said in a release. “We are also thankful for the many community members that volunteered at this event as well as everyone that attended.”
This is the second year the Schuyler Health Foundation has been the recipient of the funds, which will be used for financial needs at Schuyler Hospital, a member of Ithaca–based Cayuga Health.
Hart Hotels began with the opening of its first hotel in Portland, Maine in 2005. The company started its Fire and Ice (Ice Bar) event in Portland, and it eventually it became a tradition across multiple Hart Hotel locations.
The idea behind the winter event at each location to drive more hotel stays, provide entertainment, and give back to local charities. The Harbor Hotel in Watkins Glen opened in the summer of 2008 and the first Ice Bar took place in 2011, Cayuga Health said.

Clearly Connected expands services at wellness center
WHITESBORO, N.Y. — Clearly Connected Life Coaching & Wellness Center recently welcomed two new providers to its location at 327 Oriskany Blvd. in Whitesboro. Jacquelyn Klossner now offers medical-based craniosacral therapy and Rene Ciaccia provides therapy services at Clearly Connected. “I am excited to welcome these two phenomenal providers to the wellness center in support
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WHITESBORO, N.Y. — Clearly Connected Life Coaching & Wellness Center recently welcomed two new providers to its location at 327 Oriskany Blvd. in Whitesboro.
Jacquelyn Klossner now offers medical-based craniosacral therapy and Rene Ciaccia provides therapy services at Clearly Connected.
“I am excited to welcome these two phenomenal providers to the wellness center in support of my mission to help this community live their most Clearly Connected lives,” Clearly Connected founder, owner, and integrative life coach Candice Sturtevant says. Both providers align with her mission to connect mind, body, and spirit to help people.
Klossner began Align.Energy.CST last November in Cooperstown. She describes craniosacral therapy as a light-touch therapy that helps to align, reset, and balance the body.

“You’d be surprised how much just a minor change helps with pain,” she says. It can help with a number of issues including stress, migraines, ADHD, sports injuries, and chronic or acute pain.
A registered nurse, Klossner personally experienced benefits from craniosacral therapy when dealing with chronic pain and more after a carotid artery dissection. Now, she says, her goal is to make the therapy more widely available to the people who may benefit from it.
“My hope in branching out into Whitesboro is to get a more diverse clientele,” she says. “I wanted to make sure I’m in an area all people can get to.”
Klossner is available at Clearly Connected on Wednesdays and Thursdays.
Ciaccia, who is available Monday through Friday, has 20 years of experience in the health-care industry and 12 years of experience as a licensed clinical social worker. After working as a contract therapist for the past nine years for ICAN, she began her private practice this past January.
“My main goal is to support and empower resilience,” she says, with the ultimate goal of helping people reach their full potential. She treats people of all ages with options including cognitive-behavioral therapy, dialectical-behavioral therapy, solution-focused therapy, crisis intervention, suicide assessments, functional-behavior assessments, psychosocial assessments, family dynamics, addiction treatment, and trauma treatment.
Ciaccia says she immediately clicked when she met Sturtevant and visited Clearly Connected and really liked the holistic approach to well-being fostered there.
Since there is no one strategy that benefits every person, she loves the assortment of options available, including the talk therapy she provides. Other services offered at Clearly Connected include life coaching, massage, reiki, and collaborative nutrition-response testing packages.
Sturtevant also operates Clearly Connected Wellness in Motion at 337 Oriskany Blvd., where she offers VXN Dance-Fitness classes along with Zumba with Samantha Sanchez, drumming events with Lead with Rhythm, and plans for more to come.
VIEWPOINT: Final New York WARN Regulations Issued
The New York State Department of Labor issued final regulations making certain changes and additions to long-existing regulations regarding the New York WARN Act. As we reported previously (www.bsk.com/news-events-videos/new-york-proposes-update-to-warn-act), the revisions update the regulations to conform to certain statutory changes, as well as provide clarification to other areas of the NY WARN law. The final
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The New York State Department of Labor issued final regulations making certain changes and additions to long-existing regulations regarding the New York WARN Act. As we reported previously (www.bsk.com/news-events-videos/new-york-proposes-update-to-warn-act), the revisions update the regulations to conform to certain statutory changes, as well as provide clarification to other areas of the NY WARN law. The final regulations became effective June 21, 2023 and are identical to the proposed regulations issued by the Department of Labor on March 29, 2023.
Among other notable changes, the revised regulations include a provision adding remote workers — whether inside or outside of New York — to the 50-employee count for coverage as an employer, as long as they are “based” at the employment site in New York. In addition, the revisions provide a process for the state Department of Labor to review and rule upon any employer requests to reduce the 90-day notice period based upon one or more exceptions in the NY WARN law. In the business-transaction context, a purchasing business may now be held liable for failing to transfer employees, where such is a condition of the transaction.
Employers considering layoffs should be sure to consult legal counsel so they are aware of their obligations under both the New York and federal WARN laws.
Colin M. Leonard is a member (partner) in the Syracuse office of Bond, Schoeneck & King PLLC. He is a management-side labor and employment lawyer who works with clients throughout Central New York, the Mohawk Valley and the Southern Tier of New York. His practice includes traditional labor-related work, including collective bargaining, labor arbitrations, and agency matters before the NLRB and PERB. Contact Leonard at cleonard@bsk.com.
Ask Rusty: How Will Working Affect My First Year’s Benefits?
Dear Rusty: I retired from working in January of this year and have since claimed Social Security benefits. I didn’t work at all in February or March, but I began a part time job in April. I’m very confused about how Social Security counts earnings for the first year. I don’t know if I need
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Dear Rusty: I retired from working in January of this year and have since claimed Social Security benefits. I didn’t work at all in February or March, but I began a part time job in April. I’m very confused about how Social Security counts earnings for the first year. I don’t know if I need to keep each month’s earnings under $1,770 or if they average it. Some of the literature I’ve found says each month must remain under $1,770 or NO benefit will be paid that month. Two people at the Social Security Administration (SSA) office told me that they’ll just dock me $1 for every $2 I am over that, even in my first year. I also cannot find anything about when [SSA] counts your income. Is it when it’s earned or when it’s paid? If I go over in a month because there are three pay periods, can they withhold the benefit for that month? I’m just so confused.
Signed: Part-Time Worker
Dear Part-Time Worker: The Social Security earnings test during your first year of collecting benefits before full retirement age (FRA) is, indeed, somewhat confusing. The reason is because there are two methods which the SSA may use during your first calendar year collecting early benefits, and it will use the one which results in the least financial impact to you.
To elaborate: If you claim benefits mid-year before your FRA, for the remainder of that first year (starting in the month benefits begin and ending in December) you’ll be subject to a monthly earnings limit ($1,770 for 2023). If you exceed the monthly limit in any remaining month of that first calendar year, you won’t be entitled to benefits for that month, so the Social Security Administration would (eventually) take back that month’s benefit. That is, unless using the annual limit ($21,240 for 2023) instead will result in a smaller penalty. If your total earnings for your first year of collecting exceed the annual limit (e.g., $21,240 for 2023), the penalty would be $1 for every $2 over the annual limit and, if that is less than the penalty from using the monthly limit, the SSA will assess the smaller penalty. In other words, the agency will use the method which is most beneficial to you when assessing a penalty for exceeding the earnings limit during your first calendar year collecting benefits. And just for clarity, the earnings limits are much higher and the penalties less during the year you attain your FRA.
Something else to be aware of: if you know in advance you will exceed the annual limit it would be best to inform the SSA in order to avoid an Overpayment Notice next year. If you don’t, the agency won’t know about your 2023 earnings until you file your 2023 income taxes, so you’ll get your 2023 monthly payments as usual. But when the IRS informs the Social Security Administration of your 2023 earnings later next year, the SSA will ask you to detail your monthly work earnings for 2023. If you have exceeded the limits, it will determine an overpayment amount and will ask you to either pay back what is owed in a lump sum or will withhold your benefits for enough months to recover what you owe for exceeding the 2023 earnings limit. Then, after you reach your FRA, you’ll get time credit for all months in which benefits were withheld, thus slightly increasing your monthly payment after your FRA.
Finally, it is when your income is earned that counts, not when it is paid. So, for example, if you worked in January 2023 and were paid for that work in February 2023, that is considered January income, which wouldn’t count toward the February earnings limit.
Russell Gloor is a national Social Security advisor at the AMAC Foundation, the nonprofit arm of the Association of Mature American Citizens (AMAC). The 2.4-million-member AMAC says it is a senior advocacy organization. Send your questions to: ssadvisor@amacfoundation.org.
Author’s note: This article is intended for information purposes only and does not represent legal or financial guidance. It presents the opinions and interpretations of the AMAC

Area hospitals hope for employee return with end of vaccine mandate
In the wake of news that the state will no longer enforce the COVID-19 vaccine mandate for health-care workers as it works to repeal it, hospitals and health systems in our region are hopeful the news means relief to the chronic worker shortages they face. Those shortages, present before the pandemic began, only worsened as
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In the wake of news that the state will no longer enforce the COVID-19 vaccine mandate for health-care workers as it works to repeal it, hospitals and health systems in our region are hopeful the news means relief to the chronic worker shortages they face.
Those shortages, present before the pandemic began, only worsened as the pandemic dragged on. And for many workers, the August 2021 vaccine mandate was the final straw.
Fast forward to May 24, 2023, when the state announced that due to the changing landscape of the pandemic and evolving vaccine recommendations, the New York State Department of Health began the process of repealing the vaccine requirement for health-care workers.
“Throughout the public-health emergency, this vaccine requirement served as a critical public-health took, helping to protect both health-care workers and patients under their care. As the repeal of this regulation awaits consideration for approval by the Public Health and Health Planning Council, the department will not commence any new enforcement actions,” it said in a release that day.
The mandate took a toll on area health systems with the departures of many employees.
“Our workforce has been really taxed over the past couple of years,” Mohawk Valley Health System (MVHS) President/CEO Darlene Stromstad says. MVHS lost 208 employees who clearly stated they were leaving due to the vaccine mandate, she says, and the organization believes another 100 workers left due to the mandate but didn’t specifically say so.
Those departures came in the wake of an increasing number of employees who decided to bump up their retirement due to the pandemic or left for other reasons. “It was a really difficult time to manage our organization,” Stromstad recalls.
At the height of things, MVHS had nearly 1,300 job openings and a nurse-vacancy rate of about 25 percent, she says. Prior to the pandemic, that vacancy rate was around 8 or 9 percent, and “we thought that was horrific,” she says. The employees remaining on staff were great, she adds, working extra shifts and filling in where they could in order to keep things going.
Today, MVHS, which will open the new Wynn Hospital in downtown Utica this fall, has about 600 job openings and is in the process of reaching out to those employees who left due to the vaccine requirement to see if they would like to return.
Dubbed the boomerang campaign, Stromstad says so far conversations with past employees are promising. “One has returned, but we are in discussion with many others,” she notes.
Bassett Healthcare Network in Cooperstown did not suffer the same degree of employee loss due to the mandate, but it is also reaching out to those who chose to leave, Chief People and Diversity Officer Christine Pirri says.
On top of contacting those who left, Pirri says Bassett has also had new prospective employees reach out to Bassett now that the mandate is no longer enforced. “They want to come work for Bassett,” she says. “I’m optimistic this will encourage people to apply for jobs in health care.”
Currently, Bassett has about 800 job openings and is actively working to remove the vaccine mandate from posted job openings and added a statement that the vaccine is no longer required on its career page online.
Leaders at both organizations stress there are no hard feelings against those who left due to the mandate.
“I think it was difficult for all of us to navigate that this was not a Bassett decision, and we couldn’t not comply with this,” Pirri says of the mandate.
Stromstad also expressed appreciation for those who got the vaccine and stayed. “We really honor and respect them as we honor and respect others who were living their choice.”

Bassett, Hartwick partner on simulation lab for residents, nursing students
COOPERSTOWN, N.Y. — Bassett Healthcare Network and Hartwick College are launching joint simulation labs for first-year Bassett residents and nursing students. It marks the first time Bassett residents are partnering with Hartwick nursing students in simulation labs. A total of 23 first-year resident physicians from Bassett Medical Center graduate medical education programs will work with
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COOPERSTOWN, N.Y. — Bassett Healthcare Network and Hartwick College are launching joint simulation labs for first-year Bassett residents and nursing students.
It marks the first time Bassett residents are partnering with Hartwick nursing students in simulation labs.
A total of 23 first-year resident physicians from Bassett Medical Center graduate medical education programs will work with summer nursing students from Hartwick along with St. Elizabeth’s College of Nursing, SUNY Morrisville, and SUNY Delhi. The group will participate in hands-on training, observation, and debriefing as they rotate through three clinical simulations — transitions of care/safe effective handoff, emergent situations, and patient/family communication at the Clark Nursing Simulation Lab at Hartwick College.

“Teamwork is the essential foundation for the best patient care,” Bassett President/CEO Dr. Tommy Ibrahim said. “These collaborative simulation labs for a new generation of doctors and nurses build team thinking and hone their practice. We extend our thanks to the professionals who built this exceptional program and enthusiastically support the participation of the nursing students and our residents.”
The Bassett and Hartwick professionals who worked together to plan and implement the simulation lab include, from Hartwick, Dr. Patricia Grust, clinical associate professor and nursing department chair; Erica Holoquist, RN and nursing laboratory coordinator; John Janitz, RN and nursing lab instructional specialist; and from Bassett, Dr. Russell Moore, senior attending physician and internal medicine residency program director; Dr. Erik Riesenfeld, senior attending physician and transitional year residency program director; Dr. Joon Shim, senior attending physician and general surgery residency program director; Tareq Issa, RN and nurse educator, active learning center; Nancy Morris, RN and simulation lab clinical educator, active learning center; and Jill Stoecklin, administrative director of medical education and medical school.
“We are very excited to be partnering with Bassett in this interdisciplinary simulation event,” Grust said. “This is a wonderful opportunity for us to integrate the perspectives of medicine and nursing in a variety of realistic and challenging scenarios that support an optimal healthcare experience and outcomes for the individual, family, and members of the health-care team.”
Simulation is a valuable training tool for nurses and physicians, Stoecklin contended. “For simulations to be most effective, it is important for nurses and physicians to create a collaborative partnership,” she said. “By doing so, we all learn from each other’s experiences and perspectives to provide optimal patient care.”
The partnership also has a positive impact on the community by ensuring the continuation of the highest level of patient care, Bassett’s Chief Nurse Executive Angela Belmont stipulated.
The simulation lab comes on the heels of another recently announced joint endeavor that provides Bassett employees tuition discounts when they pursue degrees in nursing or nursing education at Hartwick. Both programs reflect a shared priority to increase the number of registered nurses and health-care professionals practicing in Bassett’s rural service area.
Bassett serves a 5,600-square-mile region of upstate New York with five hospitals, community-based and school-based health centers, and skilled-nursing facilities.
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