Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Pathfinder Bancorp to pay 4th quarter dividend of 9 cents per share in February
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the bank holding company of Pathfinder Bank, recently declared a quarterly cash dividend of 9 cents a share on its common stock. The fourth quarter 2022 dividend will be payable to all shareholders of record on Jan. 17, and will be paid on Feb. 10, according to […]
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.
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the bank holding company of Pathfinder Bank, recently declared a quarterly cash dividend of 9 cents a share on its common stock.
The fourth quarter 2022 dividend will be payable to all shareholders of record on Jan. 17, and will be paid on Feb. 10, according to a Dec. 27 announcement from James A. Dowd, president and CEO of Pathfinder Bancorp.
At Pathfinder’s current stock price, the dividend payment yields about 1.95 percent on an annual basis.
Pathfinder Bank is a New York State–chartered commercial bank headquartered in Oswego that says it has 11 full-service branches located in its market areas of Oswego and Onondaga counties and one limited-purpose office in Oneida County.
New seating in the works for JMA Wireless Dome
SYRACUSE, N.Y. — The installation of upgraded chairback seating in the JMA Wireless Dome will happen in the months ahead, Syracuse University recently announced. Crews will replace bench seating throughout the venue’s 100, 200 and 300 levels, “resulting in added comfort and accessibility,” Syracuse contended in its Dec. 8 announcement. As a result, the university
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. — The installation of upgraded chairback seating in the JMA Wireless Dome will happen in the months ahead, Syracuse University recently announced.
Crews will replace bench seating throughout the venue’s 100, 200 and 300 levels, “resulting in added comfort and accessibility,” Syracuse contended in its Dec. 8 announcement.
As a result, the university said, the JMA Wireless Dome will have a new seat map and revised capacities for football, men’s basketball, women’s basketball, men’s lacrosse, and women’s lacrosse competitions.
Phase-two renovations and construction will begin in the spring of 2023, following commencement and will be completed ahead of the 2024 football season, Syracuse University said. Syracuse Athletics will provide updated information regarding the timeline of the renovation, seating and capacity changes, new ticket offerings and pricing as these plans are finalized, per the announcement.
“There is no doubting the enormous impact the JMA Wireless Dome Transformation Project is having on Syracuse Athletics, the five teams that call this building home and the fans who enjoy visiting and cheering on the Orange,” John Wildhack, director of athletics, said in a statement. “There is a lot of exciting work ahead and still many details to confirm, but Syracuse Athletics remains focused on providing an unmatched experience to our season ticket holders, donors and fans. As we continue to work through the revised seating map, we are committed to providing timely and transparent communication to our loyal supporters to ensure they continue to enjoy the level of service they have come to expect from the JMA Dome.”
The announcement represents the latest development in Syracuse University’s multimillion-dollar, multiyear effort, which began in 2018, to “reimagine the stadium experience.” The work has included the installation of a new fixed roof, the largest center-hung video scoreboard in college sports and air conditioning, and a new naming-rights agreement with Syracuse–based JMA Wireless. It has also invested significantly in accessibility updates, lighting and sound enhancements, and in its concession stands.
Syracuse also noted the future plans include the eventual construction of Miron Victory Court, which will expand and redefine the JMA Dome’s footprint and connect it to the Barnes Center at The Arch.
Dataflow acquires Edmeston print shop
EDMESTON, N.Y. — Binghamton–based Dataflow has acquired Prolifiq Sign Studio in a move that gives it four new employees, a new shop space in Edmeston (Otsego County), and expertise in vehicle wrapping and decals. Dataflow has been actively looking for viable acquisitions of businesses that are a good fit for the company by expanding services
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.
EDMESTON, N.Y. — Binghamton–based Dataflow has acquired Prolifiq Sign Studio in a move that gives it four new employees, a new shop space in Edmeston (Otsego County), and expertise in vehicle wrapping and decals.
Dataflow has been actively looking for viable acquisitions of businesses that are a good fit for the company by expanding services and adding value, says Steve Cheek, Dataflow’s chief commerce officer, tells CNYBJ. This latest purchase, which closed Dec. 1, is the firm’s fourth acquisition in the past four years.
While Dataflow was actively looking in that particular region, it was actually Prolifiq’s former owner Kim Robinson who reached out to the company, Cheek says. Robinson was looking to retire. “She had a qualified team of people and a good list of clients,” he adds.
While Cheek declined to disclose financial terms of the deal, he says Dataflow acquired Prolifiq’s roughly 2,500-square-foot building, two wide-format graphic Roland print and cut machines, one full-size Mimaki flatbed printer, and retained Prolifiq’s four experienced employees.
“Our expertise in the printing and signage industry combined with Prolifiq Sign Studio’s vehicle wrapping and decals, along with their own printing and sign services, will allow us to better serve businesses of all sizes in Upstate New York,” Dataflow President and CEO Dan Zimmerman said in a statement.
Dataflow got its start in 1958 as a small blueprinting shop. Today, the company is a full-service print and document-management offering services including branding materials, large-format printing, digital document workflows, and sign fabrication and installation.
With the acquisition of Prolifiq, Dataflow will bring its offerings, like large-format products and services to Prolifiq’s clients. It also offers Prolifiq’s vehicle-wrapping and decal expertise to Dataflow clients in the area.
The bottom line is that Dataflow is now able to better serve all those clients, as well as the new clients it hopes to attract, Cheek says.
The new location also improves Dataflow’s coverage between its Binghamton headquarters and Albany office, which will make sign installation more efficient and cost effective, he adds.
Along with the acquisition, Dataflow also recently launched a fully online store to better serve customers, Cheek says. “We are constantly, every week, adding new products and services to that store.” Anything from simple building signage like exits signs to customized products are available from the store.
What makes Dataflow different from an online service like VistaPrint is that customers can order online, at a self-service kiosk in store, working with an employee, or a hybrid of all those methods.
“You can do 80 percent of the work online and say, ‘I need some help here,’” Cheek says. Customers can have their purchases delivered or choose to pick up. People still want to buy local, he notes, so it’s important that Dataflow offers all the ways that customers want to buy.
Along with its Binghamton headquarters and new Edmeston location, Dataflow also operates offices in Endicott, Albany, Elmira, Ithaca, Corning/Horseheads, Utica, and Rochester. The company employs nearly 70 people across all its locations.
Two employees assume ownership of CR Fletcher
SYRACUSE, N.Y. — Two long-time employees of CR Fletcher Associates, Inc. are now in charge of the Syracuse professional-recruitment firm. Joanne Rauch and Michelle Jevis are now company presidents after principals after Carol Fletcher and Tom Fletcher on Dec. 7 announced the company had signed an agreement to transfer ownership to the duo. The Fletchers
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. — Two long-time employees of CR Fletcher Associates, Inc. are now in charge of the Syracuse professional-recruitment firm.
Joanne Rauch and Michelle Jevis are now company presidents after principals after Carol Fletcher and Tom Fletcher on Dec. 7 announced the company had signed an agreement to transfer ownership to the duo.
The Fletchers are retiring and will provide consultation on an as-needed basis, Rauch tells CNYBJ in an email.
“We are excited for this next chapter and know what we started over 30 years ago will continue to provide outstanding employee recruitment services as Joanne and Michelle take over leadership,” Carol Fletcher said in the announcement.
Tom Fletcher called Rauch and Jevis “the right fit” to lead the company that the Fletchers launched more than three decades ago.
The company didn’t release any financial details of its ownership-transfer agreement. The firm is located at 126 N. Salina St. in Syracuse.
Rauch joined CR Fletcher back in 1994 has been an “integral” part of the company’s growth since that time.
“We have a talented team here at CR Fletcher and I am honored that Carol and Tom are entrusting Michelle and I to continue their legacy and strengthen our relationships throughout the business community” Rauch said in the firm’s announcement.
Prior to the transition, Rauch was an executive recruiter for CR Fletcher.
Including Rauch and Jevis, the firm has nine company employees and about 150 temporary employees working at client locations, Rauch tells CNYBJ.
Jevis joined the firm in 2002 and has been “instrumental” in developing CR Fletcher as a leading temporary and industrial placement service, bringing top level candidates. Jevis handles the temporary staffing and human resources (HR) initiatives at CR Fletcher and manages HR and staffing at CR Fletcher.
“This is an exciting time to lead a company that has a strong reputation in Central New York and a dedicated team to continue our commitment to service the business community with exceptional talent, along with my long-time trusted colleague, Joanne,” Jevis said.
CR Fletcher says it recruits professional talent in the fields of accounting and finance, sales and marketing, information technology, administrative, human resources, customer service, and industrial and manufacturing.
Stanley designated president emeritus of SUNY Oswego
OSWEGO, N.Y. — The former president of SUNY Oswego now holds the title of president emeritus of the school. The SUNY board adopted a resolution acknowledging Stanley as president emeritus of SUNY Oswego during its Dec. 13 meeting in Albany. Stanley, who retired as president of SUNY Oswego nearly a year ago, has been serving
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.
OSWEGO, N.Y. — The former president of SUNY Oswego now holds the title of president emeritus of the school.
The SUNY board adopted a resolution acknowledging Stanley as president emeritus of SUNY Oswego during its Dec. 13 meeting in Albany.
Stanley, who retired as president of SUNY Oswego nearly a year ago, has been serving as interim chancellor of the SUNY system.
After serving as interim president of SUNY Oswego from 1995-1997, Stanley was appointed the 10th president of SUNY Oswego in 1997. Prior to becoming president, she taught and earned tenure in the school of business and served as VP for academic affairs and provost, meaning her service to the institution spanned more than 44 years.
Stanley retired in December 2021, before serving as interim SUNY chancellor over the past year.
“President Stanley’s legacy is ingrained in the tapestry of SUNY Oswego. It is evident on campus, in the region, state, and at the national level. It is also reflected in her strategic and thoughtful leadership as well as in her profound commitment to the power of education to transform lives,” Mary Toale, officer in charge of SUNY Oswego, said. “She led the university with passion and purpose, and her insight and vision laid a foundation for SUNY Oswego and future generations of Lakers to thrive well into the future. Recognition of President Stanley’s steadfast commitment to higher education as President Emeritus is a befitting honor.”
James McMahon, who chairs the SUNY Oswego College Council, called Stanley an “extraordinary and truly transformational leader” for SUNY Oswego and its extended community.
“Her leadership has influenced and uplifted many sectors beyond education including economic, political and social,” McMahon said. “Receiving the distinction of President Emeritus from the State University of New York Board of Trustees is a deserving capstone to her exceptional career and visionary, dynamic and highly impactful service to public higher education.”
Binghamton University awarded $60M to construct lecture hall, classroom building
VESTAL, N.Y. — The State University of New York Construction Fund (SUCF) has awarded Binghamton University $60 million for the design and construction of a new lecture hall and classroom facility on campus. The building will not replace the current lecture hall but will add to lecture and classroom space on campus, the school said
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.
VESTAL, N.Y. — The State University of New York Construction Fund (SUCF) has awarded Binghamton University $60 million for the design and construction of a new lecture hall and classroom facility on campus.
The building will not replace the current lecture hall but will add to lecture and classroom space on campus, the school said in a Dec. 7 announcement.
“This new building will serve as a hub for students to take classes and study in the Information Commons,” Harvey Stenger, president of Binghamton University, said. “It will help meet current and future demand for our largest classes, and provide space for more classes at convenient times for faculty and students.”
To be built across from Academic A and adjacent to lot M, the building will include one 300-seat lecture hall; one-180 seat lecture hall; one 100-seat active-learning classroom; two learning studios; 23 general-purpose classrooms in sizes varying from 20 to 75 seats; three computer classrooms; and an “Information Commons,” Binghamton University said.
“There is high demand for additional large lecture hall spaces on campus,” Donald Hall, the school’s executive VP for academic affairs and provost, said. “Our current rooms are utilized continuously throughout the day, often requiring classes to be split into multiple sections. And when these rooms are not being used for classes, they tend to be heavily scheduled for events by academic departments and student groups.”
With student enrollment up more than 20 percent over the past decade, and the constant need to upgrade technology in learning spaces, the new lecture hall and classroom building will help meet demand, Binghamton University contends.
Since the 2017-18 fiscal year, Binghamton says it has benefited from more than $220 million for capital improvements for projects. They’ve included the Pharmacy R&D Building in Johnson City; Science 2 Tower; Science 4 Phase II; Baseball Clubhouse, Phase I; the Charlene and Roger Kramer Welcome Center; Bartle Library third-floor renovation; and the recently approved Science 3, phase I renovation.
Additionally, crews have completed several infrastructure and capital-renewal projects on campus totaling more than
$15 million, Binghamton University said.
New York home sales keep falling in November
ALBANY, N.Y. — New York realtors sold 10,101 previously owned homes in November, down 23 percent from the 13,120 homes sold a year ago, continuing a string of closed home-sales declines in recent months amid tight inventory and higher interest rates. Pending sales in November also fell more than 22 percent, foreshadowing further drops in
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.
ALBANY, N.Y. — New York realtors sold 10,101 previously owned homes in November, down 23 percent from the 13,120 homes sold a year ago, continuing a string of closed home-sales declines in recent months amid tight inventory and higher interest rates.
Pending sales in November also fell more than 22 percent, foreshadowing further drops in closed home sales in the next couple months.
That’s according to the New York State Association of Realtors (NYSAR)’s November housing-market report issued on Dec. 21.
“Inventory of homes for sale fell for the 37th consecutive month in year-over-year comparisons while mortgage rates continue to be more than double compared to this time last year,” NYSAR said in its housing report.
The association cites Freddie Mac as indicating the average monthly interest rate on a 30-year fixed-rate mortgage was 6.81 percent in November, compared to 3.07 percent in November 2021.
Pending sales in New York state totaled 9,214 in November, a decline of 22.4 percent from the 11,874 pending home sales in the same month in 2021, according to the NYSAR data.
Home prices continued to rise in New York state but at a much slower pace than seen earlier in 2022. The November statewide median home sales price was $375,000, up 2.7 percent from the November 2021 median sales price of $365,000.
The months’ supply of homes for sale at the end of November stood at 3.2 months, unchanged from a year earlier. A 6-month to 6.5-month supply is considered to be a balanced market, NYSAR says.
The number of homes for sale in the Empire State totaled 36,490 in November, off 9.5 percent from the November 2021 figure of 40,321. New listings fell 18.2 percent to 9,694 in November 2022 from 11,846 a year prior.
All home-sales data is compiled from multiple-listing services in New York state and it includes townhomes and condominiums, in addition to existing single-family homes, according to NYSAR.
SUNY Morrisville dairy teaches while operating like a business
MORRISVILLE, N.Y. — The SUNY Morrisville dairy facility recently received a 2022 Progressive Genetics Herd Award by Holstein Association USA, Inc. The award recognizes SUNY Morrisville’s accomplishments in breeding a Holstein herd that has achieved high standards of genetic merit, the college said in a news release. It marks the 6th consecutive year the dairy
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.
MORRISVILLE, N.Y. — The SUNY Morrisville dairy facility recently received a 2022 Progressive Genetics Herd Award by Holstein Association USA, Inc.
The award recognizes SUNY Morrisville’s accomplishments in breeding a Holstein herd that has achieved high standards of genetic merit, the college said in a news release. It marks the 6th consecutive year the dairy program has received the recognition.
The SUNY Morrisville dairy facility celebrated its 20th anniversary in 2022. On a typical day, high upon a hill overlooking the college’s campus, students, faculty and staff are working long before the sun rises. Some milk cows in the college’s high-tech milking parlor, while others are recording data on computers, pushing feed, and performing other necessary tasks.
The college says it operates its dairy operation on a business-enterprise model, much like a commercial farm. With the latest technology, equipment, and methodology at their fingertips, students gain experience in real-world situations — learning technical and entrepreneurial aspects of the dairy industry.
The result is well-trained graduates who have experience in freestall-facility management and business management and hands-on experience managing freestall operations, the college contends.
SUNY Morrisville’s Arnold R. Fisher Dairy Complex, located on the west side of Eaton Street, was completion in September 2001. The students and cows arrived in 2002.
Tony Contento, SUNY Morrisville dean of the School of Agriculture, Business & Technology, commented on the award the college’s dairy facility received. “Optimizing herd genetics is essential to maximize operations on any dairy farm. A high standard of genetic merit in a dairy herd is associated with efficiency and profitability,” he said.
Eligibility for the award is determined by calculating the average total performance index (TPI) for all females in the herd. Additional requirements include a minimum of 20 cows in the milking herd with CTPIs and the herd classified during the period of September 2020 through February 2022.
“We are also grateful for the managers, faculty and staff who work diligently and dedicate themselves to maintaining the high standards of excellence across the Arnold R. Fisher Dairy Complex,” Contento said. “We take pride in our dairy herd and share our success with our students through our robust, applied academic programs.”
Students are involved in many aspects of the dairy, including the genetic merit of the herd. During the Autumn Review sale, held every fall, students are responsible for the selection of elite cattle from top herds across the northeast, to advertising and marketing them for a successful sale. Students also can play a role in genetic selection and integrate genetic goals for the dairy to improve the dairy operation’s profitability.
Spotlighting the SBA THRIVE program’s 2022 graduates
SYRACUSE, N.Y. — The nine graduates of this year’s SBA THRIVE program in the upstate New York district include small-business owners from Syracuse, Munnsville, Endwell, and Cooperstown. The U.S. Small Business Administration’s (SBA) THRIVE program seeks to help small businesses grow nationwide. THRIVE, a free national training program, is short for train, hope, rise, innovate,
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. — The nine graduates of this year’s SBA THRIVE program in the upstate New York district include small-business owners from Syracuse, Munnsville, Endwell, and Cooperstown.
The U.S. Small Business Administration’s (SBA) THRIVE program seeks to help small businesses grow nationwide. THRIVE, a free national training program, is short for train, hope, rise, innovate, venture, elevate.
The nine graduates of the upstate district include Michael Mowins of Vetted Tech Inc. in Syracuse; Sarah Ficken of New Moon Farmstead, LLC in Munnsville in Madison County; John Hussar of Grey Goose Graphics, LLC of Endwell in Broome County; and Rebecca Stone of Agrinomic Insights LLC of Cooperstown in Otsego County. Other participants included entrepreneurs from Clyde, Queensbury, Saratoga Springs, Loudonville in Albany County, and Gilbertsville in Otsego County.
A redesigned version of the SBA’s annual Emerging Leaders program, THRIVE is a hybrid, six-month course aiming to help small businesses develop and execute strategic growth plans. Participants completed online learning modules and met in Syracuse twice a month throughout the program, sharing business challenges, feedback, and opportunities with one another.
“Helping small businesses grow and flourish is crucial for a healthy local economy,” Bernard J. Paprocki, director of the SBA upstate New York district, said in a statement. “This year’s THRIVE graduates have already started achieving their growth goals, such as hiring more employees, reaching new markets, opening brick-and-mortar locations or planning for succession. I congratulate them all on their achievements thus far and thank them for their outstanding collaborative efforts to support one another’s growth and contribute to the Central New York economy.”
This year’s class was the “most geographically diverse of any prior years,” the SBA said. Participants represented eight different counties — half of which are rural — with some traveling two or more hours both ways to learn and support their peers during in-person sessions. The graduates included women-owned small businesses and veteran-owned small businesses, the agency noted.
The Upstate New York district office has hosted over a dozen cohorts of the Emerging Leaders program over the past decade, including 11 in Syracuse and three in Albany, with 170 total graduates, the SBA said.
New year brings new pay-transparency law, minimum wage
The first thing employers should do, if they haven’t done so already, is make sure their employee handbook is up-to-date and includes anything new required under law, says Michael Sciotti, a partner with Barclay Damon LLP in Syracuse. His law practice includes defending employers, business owners, and company managers in all types of discrimination, harassment,
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.
The first thing employers should do, if they haven’t done so already, is make sure their employee handbook is up-to-date and includes anything new required under law, says Michael Sciotti, a partner with Barclay Damon LLP in Syracuse. His law practice includes defending employers, business owners, and company managers in all types of discrimination, harassment, whistleblower, and retaliation claims brought under state and federal labor laws, according to his bio on the Barclay Damon website.
One of the biggest changes is a new statewide pay-transparency law that Gov. Kathy Hochul recently signed. The new law, when it goes into effect, requires employers to list salary ranges for all advertised jobs and promotions. Its goal is to reduce discriminatory wage-setting and hiring practices.
“Employers will need time to get ready to implement the law practically, so they need to get right on it,” Sciotti says. The law goes into effect 270 days from the day Hochul signed it.
Aside from trying to close the pay gap, the law also allows applicants to make an informed decision whether they want to apply for a job or not, he adds.
Another pay issue topping the agenda in the new year is the annual minimum-wage increase. “On December 31 of pretty much every year, the Department of Labor increases the applicable minimum wage,” Sciotti says. For upstate New York — which includes all parts of the state outside New York City, Long Island, and Westchester County —the minimum hourly wage increased $1 per hour to $14.20. For home-care aides, the minimum wage went up by $1 to $16.20 per hour. In addition, the state increased the exempt salary amount for exempt executives and administrative employees to $1,064.25. Employers need to make sure the pay for salaried employees meet that threshold or they could owe the employees overtime pay.
Employers need to make sure they are paying the correct hourly wage, Sciotti says, and also post the new wage poster when it becomes available.
It’s a good time to check all posters, he adds, to make sure current and correct ones are the only ones posted. This year that includes a new poster that explains benefits available to veterans. Companies with 50 or more employees must post this veteran poster, Sciotti notes.
Other new provisions, amendments, and changes include an anti-retaliation provision that prohibits employers for firing employees that take too much time off and an expansion of the New York State Paid Family Leave that now includes caring for siblings.
Another amendment expands the requirements about the expression of breast milk in the workplace. With the change, employers must provide a designated room or location that is in close proximity to the work area, well lit, shielded from view, shielded from intrusion by others, and includes a chair, work surface, running-water access, and electrical outlet. The space can’t be a restroom or toilet stall.
“I think it buttons up and clarifies some gaps in the existing law,” Sciotti says. Employers can contest if there is undue hardship connected with compliance.
Finally, Sciotti reminds employers that COVID-19 leave policies have not changed or gone away. Employees are entitled by law through the end of 2023 to take four hours of leave time to receive or recover from getting their COVID-19 vaccine.
In addition, employers are still required to provide paid COVID leave, Sciotti says. “What employers need to realize is that’s a separate leave bank,” and not regular sick time or paid time off, he says.
Employees can use COVID leave up to three times per year before having to use alternate paid time off, Sciotti says. The first use of leave time can be based on a home test, but subsequent uses must be backed up with a positive test result from a health-care provider, he adds.
To keep up with changes, employers can sign up for free alerts from the state Department of Labor to notify them of new laws and requirements.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.