First class graduates from Golisano Institute for Business & Entrepreneurship

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BRIGHTON — The inaugural class of the Golisano Institute for Business & Entrepreneurship has completed its work and graduated following an Aug. 15 ceremony. The students completed the institute’s professional certificate in business and entrepreneurship — described as an “accelerated, non-traditional” business-education program designed to “equip them with practical business skills and real-world experience.” About […]

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BRIGHTON — The inaugural class of the Golisano Institute for Business & Entrepreneurship has completed its work and graduated following an Aug. 15 ceremony.

The students completed the institute’s professional certificate in business and entrepreneurship — described as an “accelerated, non-traditional” business-education program designed to “equip them with practical business skills and real-world experience.”

About 250 people, including students, their families, staff, faculty, and business partners attended the ceremony.

The event included reflections from graduating students; remarks from Ian Mortimer, president of the Golisano Institute for Business & Entrepreneurship and its founder Tom Golisano; and a commencement address delivered by Special Olympics Chairman Tim Shriver.

Students received a certificate as part of a personalized recognition moment on stage, accompanied by a short video profile.

Instead of a traditional cap and gown, each student also received a custom Golisano Institute blazer designed by clothier Adrian Jules, who is based in Rochester. The inside label bears Tom Golisano’s name and motto, “Built not Born,” a nod to his belief in the lasting power of a first impression, the Institute said.

“The transformation we have seen in this first cohort of students over the past two years is remarkable,” Mortimer contended in the announcement. “They have developed not only the skills employers are looking for, but also the confidence and discipline that drive long-term success. Their achievements affirm everything we set out to do—help students bridge the gap between potential and opportunity through a business education built on real expectations and applied learning.”

The program provided students with exposure to the business world through internships with regional businesses and through the Golisano Institute’s weekly “Speaking from Experience” sessions, which allowed them to engage directly with some of today’s leading business and entrepreneurial minds.

The opportunities, and the program itself, are made possible through the generosity of founder Tom Golisano, whose commitment to accessibility keeps tuition at $8,900 per year, the Golisano Institute said.

“I established the Institute to give future entrepreneurs a more affordable and direct path to building meaningful careers, as well as provide regional employers with talented graduates who are ready to contribute from day one,” Golisano said in the announcement. “Seeing these students graduate and take the next step in their journeys reinforces my belief that a practical business education can be life-changing, and it should be within reach. My hope is that what we’ve created here will continue to empower future generations of entrepreneurs, and, in time, benefit even more communities.”

Clarkson researchers develop tool to prevent computer chip overheating

Education & Training, Energy, Environment & Sustainability, Manufacturing & Engineering, North Country, Subscriber Only, Technology

POTSDAM — A research team at Clarkson University is developing a new tool to combat the “intense heat” that semiconductor chips generate while operating smartphones, gaming consoles, and artificial intelligence (AI). “When temperatures rise too high, performance suffers, energy is wasted, and hardware can fail,” according to Clarkson’s Aug. 22 announcement. Thermal Analysis of Semiconductor

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“When temperatures rise too high, performance suffers, energy is wasted, and hardware can fail,” according to Clarkson’s Aug. 22 announcement.

Thermal Analysis of Semiconductor Chips, known as TASChips, is an open-source, high-performance simulation tool for thermal analysis of modern microprocessors. The software can quickly pinpoint heat buildup inside a chip, enabling engineers to design systems that “run faster, last longer, and consume less energy,” the school said.

TASChips operates in real time and can simulate even the largest and most complex processors — including those used in data centers and advanced AI systems. The software will be released as open source on GitHub, complete with documentation and case studies for researchers, educators, and students.

Yu Liu, an associate professor, and professor Ming-Cheng Cheng of Clarkson’s department of electrical and computer engineering are leading the project. Their effort is funded by a three-year, $597,316 grant from the National Science Foundation, an independent federal agency that supports science and engineering in all 50 states and U.S. territories.

The project also includes strong educational and outreach components, including integration with STEM (science, technology, engineering, mathematics) education programs. The components also include support for undergraduate research and collaborations with experts in AI, real-time scheduling, power systems, and sustainable computing from Syracuse University, Clemson University, University of Minnesota Morris, and CISTER Research Centre, ISEP in Portugal.

These efforts aim to broaden participation in computing and provide a foundation for scalable thermal-management solutions in AI and HPC (high performance computing) environments, Clarkson said.

Syracuse University switches to Coca-Cola from Pepsi

Education & Training, Subscriber Only

SYRACUSE — The Coca-Cola Company (NYSE: KO) is now the official non-alcoholic beverage partner of Syracuse University (SU), including at its athletic venues, following an agreement that SU announced on Aug. 11. The pact will span 10 years, running through June 2035. The deal means several Coca-Cola beverages will be available on campus. They include

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Lyndon E. Hall

People on the Move

Lyndon E. Hall has joined Bond, Schoeneck & King PLLC as an associate attorney. She joins both the tax and business and transactions practice groups

Finalists in 9th round of Genius NY have more time to prep for pitch night

Manufacturing & Engineering, Small Business, Subscriber Only, Technology

SYRACUSE — The five finalists in this year’s 9th round of the Genius NY business accelerator will have more time to do their work before making a final pitch for funding. Companies from Utica, Syracuse, Ohio, New Jersey, and Sweden will also be the first Genius NY finalists to work on their products and projects

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SYRACUSE — The five finalists in this year’s 9th round of the Genius NY business accelerator will have more time to do their work before making a final pitch for funding.

Companies from Utica, Syracuse, Ohio, New Jersey, and Sweden will also be the first Genius NY finalists to work on their products and projects inside the new INSPYRE Innovation Hub (the former Tech Garden) in downtown Syracuse.

One of the companies entered the market following years of research at universities that included Syracuse University (SU), per its website.

The chosen finalists will work to build relationships in the region, develop their go-to-market plans, and spend time refining their pitches before presenting to a panel of judges at Innovation Night on May 7, 2026. The move of finals night from the fall to next spring will afford the teams “greater opportunity to become a part of the community,” ESD contended.

The finalist teams will compete for a total of $3 million in direct investment, with one grand prize of up to $1 million and four $500,000 awards. The program is the largest business accelerator for the uncrewed systems and robotics industry in the world.

Genius NY stands for Growing ENtrepreneurs & Innovators in UpState New York.

The finalists were chosen from a “highly competitive” application process that received submissions from startups from around the world, including “record interest” from U.S. companies, Empire State Development (ESD) said in an Aug. 11 announcement.

Supported by the CNY Rising Upstate Revitalization Initiative (URI) and administered by CenterState CEO, Genius NY brings companies to Central New York to participate in the yearlong in-residence accelerator where they receive assistance with product development, business development, as well as networking opportunities with investors and business leaders.

Genius NY participants are required to commit to operating their business in Central New York for at least one year.

“This year’s finalists bring the latest in uncrewed aerial and robotics technology right here to Central New York,” Kara Jones, director of Genius NY, said in the ESD announcement. “Our community’s robust UAS ecosystem, resources and expertise make this region the perfect launching pad for these innovative startups. We’re excited that this year’s teams are further along in their businesses, many with proven traction, active pilots or commercial deployments. These companies are building technologies that solve real-world problems across defense, infrastructure, and public safety. We’re eager to introduce these businesses to the Central New York community and begin offering them the top-of-the-line assets and resources that GENIUS NY is known for as they become the first cohort to operate out of the INSPYRE Innovation Hub.”

Since 2017, Genius NY has invested nearly $24 million in 42 businesses from around the world. In addition, Genius NY companies have raised more than $350 million in follow-on funding and have created hundreds of new jobs in New York state, ESD said.

Finalists

The five selected finalists (listed in alphabetical order with firm descriptions) are the following:

• Flox (Stockholm, Sweden): AI (artificial intelligence) that understands and speaks to wild animals — running on Edge pods, drones, and trains — to steer wildlife away from critical areas, per the ESD announcement.

• Lamarr.AI (Syracuse / Atlanta): Uses drones and AI to inspect building exteriors, delivering faster, more affordable, and more accurate data than traditional methods. Its website says the firm “entered the market in 2023 as the product of more than 6 years of [U.S. Department of Energy]-funded research across MIT, Georgia Tech, and Syracuse University [SU].” The company’s website lists Atlanta as the headquarters but CenterState CEO tells CNYBJ that the company’s founders are living in Syracuse and have worked out of SU.

• Lighthouse Avionics (Ohio): Offers low-cost optical solutions to monitor low-altitude airspace for drone threats, bird strikes, and FAA compliance.

• Modovolo (Utica): A drone company building low-cost, modular aircraft with extended flight times, designed for a wide range of commercial and defense uses.

• Skyfire AI (New Jersey): Deploys autonomous drone swarms and AI to improve response times and situational awareness for first responders and defense teams.

East Oneida Lake wastewater- treatment plant project to continue into fall of 2026

Energy, Environment & Sustainability, Construction, Design & Real Estate, Manufacturing & Engineering, Mohawk Valley, Subscriber Only

SYLVAN BEACH — The New York State Environmental Facilities Corporation (EFC) expects “substantial” completion of the $51 million construction project to modernize the East Oneida Lake wastewater-treatment plant in the fall of 2026. EFC officials toured the project on June 17, noting at the time that the Village of Sylvan Beach had indicated crews were

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EFC officials toured the project on June 17, noting at the time that the Village of Sylvan Beach had indicated crews were making “significant progress” on the project. Construction started in May 2024.

Those involved in the tour included Maureen Coleman, president and CEO of EFC, per the June 18 announcement.

The project involves comprehensive upgrades to its 1970s-era facilities, “protecting residents and the environment,” EFC said. More than half of the project is funded by grants from EFC to help reduce the financial impact on local ratepayers, with investments also “delivering good-paying jobs” to the region through the construction phase.

“This is a vital investment in clean water and in the affordability of local water infrastructure,” Coleman said in the EFC announcement. “This project symbolizes Governor Hochul’s unwavering commitment to delivering funding that ensures important projects move forward without placing an unsustainable financial burden on the communities they serve.”

The project involves upgrading an outdated wastewater-treatment system to a more effective process that meets current standards, EFC said. The effort includes building new treatment tanks and equipment; improving how wastewater is handled; and making site-wide repairs and upgrades — like fixing buildings, roads, electrical systems, and backup power — to keep the facility running reliably and efficiently.

The Village of Sylvan Beach is primarily handling work on the project, but its impact spreads far beyond village borders, EFC said. The plant also serves the towns of Sullivan, Lenox, Verona, and Vienna, as well as Verona Beach State Park. Modernizing the plant and its treatment facilities will ensure reliable wastewater services for 8,000 area residents and businesses and improve water quality in Fish Creek and Oneida Lake, per the EFC announcement.

“This project reflects the Village’s deep commitment to protecting our residents, our environment, and our future,” Sylvan Beach Mayor Richard Sullivan said in the EFC announcement. “We set out to build a stronger, modern wastewater system — and thanks to strong partnerships and careful planning, we’re delivering it on time and within budget.”

Timothy H. Doolittle

People on the Move

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N.Y.’s local sales-tax collections rise nearly 4% in 1st half of 2025

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ALBANY — Local government sales-tax collections totaled $11.9 billion in the first six months of 2025, up 3.7 percent (or $423 million) compared to the first half of last year. That’s according to a report that New York State Comptroller Thomas DiNapoli issued on July 30. Year-over-year growth in collections during the first half of

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ALBANY — Local government sales-tax collections totaled $11.9 billion in the first six months of 2025, up 3.7 percent (or $423 million) compared to the first half of last year.

That’s according to a report that New York State Comptroller Thomas DiNapoli issued on July 30.

Year-over-year growth in collections during the first half of 2025 almost doubled the 1.9 percent growth in collections in the same period last year and was nearly the same as the average growth rate for the January to June period from 2010-2019 during the recovery and expansion following the Great Recession.

“While New York’s local sales tax collections experienced stronger growth in the first half of 2025, future revenues may become less predictable as local communities weather federal policy changes, inflation and other economic factors,” the comptroller said. “Local officials should continue to take advantage of all the financial tools and guidance my office has to offer to help them strengthen their finances and resiliency amid these uncertain times.”

Report findings

DiNapoli’s report on sales-tax collections in the first half of 2025 found each of the state’s 10 economic-development regions, including New York City, produced a year-over-year increase in first-half collections.

New York City’s sales-tax collections totaled nearly $5.4 billion in the first half of 2025, an increase of 4.7 percent ($242 million), year over year, while aggregate collections for the counties and cities in the rest of the state grew by 2.8 percent ($156 million).

Outside of New York City, regional growth ranged from a low of 1.3 percent (Mohawk Valley) to a high of 4.6 percent (Southern Tier).

The report also found nearly 86 percent of counties experienced a year-over-year increase in first-half collections.

Hamilton County generated the highest growth in the first half at 14.6 percent, followed by the counties of Delaware (12.9 percent), Orleans (12.1 percent) and Chenango (11.7 percent). Several other counties had strong growth, including Oswego (9.1 percent), Schenectady (8.4 percent), and both Franklin and Madison (8 percent).

Among the eight counties that had decreases in first-half collections, St. Lawrence had the steepest decline at -5.7 percent, followed by Livingston (-5.1 percent) and both Sullivan and Schoharie (-2.9 percent).

Nearly 75 percent of cities outside of New York City that impose their own sales tax had growth in the first half. Norwich had the largest increase at 19.3 percent, followed by Salamanca (15.4 percent). Conversely, the cities of Ogdensburg, Johnstown, Glens Falls, Mount Vernon, and Utica each had decreases in collections, ranging from -0.6 percent to -4 percent.

New York home sales slip in July, inventory levels rise

Construction, Design & Real Estate, Subscriber Only

ALBANY — Realtors in New York state sold 10,046 previously owned homes this July, down 2.3 percent from the 10,286 homes they sold in July 2024. At the same time, pending sales dipped slightly in July, foreshadowing a possible decline in closed home sales in the next couple of months. That’s according to the New

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ALBANY — Realtors in New York state sold 10,046 previously owned homes this July, down 2.3 percent from the 10,286 homes they sold in July 2024.

At the same time, pending sales dipped slightly in July, foreshadowing a possible decline in closed home sales in the next couple of months. That’s according to the New York State Association of Realtors (NYSAR) July housing report issued on Aug. 21.

The housing-sales results in the latest month came amid a backdrop of interest rates that have started to drop. NYSAR cites Freddie Mac as indicating rates on a 30-year fixed-rate mortgage dipped from 6.82 percent in June to a monthly average of 6.72 percent in July. That’s also down a bit compared to July 2024, when interest rates averaged 6.84 percent. Freddie Mac is the more common way of referring to the Virginia–based Federal Home Loan Mortgage Corporation.

New York sales data

Statewide housing inventory reached 31,065 units in July, a 5.1 percent increase from July 2024’s total of 29,562 available homes. This marks five straight months of increasing inventory statewide, NYSAR noted. But it comes after several years of compressed inventory.

New listings of existing homes for sale in New York jumped 6 percent to 14,511 this July from 13,684 in the year-ago month.

Pending sales totaled 10,553 in July, off 0.7 percent from the 10,629 pending sales in the same month in 2024, according to the NYSAR data.

Despite the increased housing inventory, prices continued to rise in the state. Median home-sales prices hit a record high of $451,000 in July, up 4.9 percent from the $430,000 price tag in July 2024. This marks the highest monthly median-sales price since statistics have been kept in New York state. The last time NYSAR reported a decrease in median home-sales prices in year-over-year comparisons was July 2023.

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.

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