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

People news: FLH names new LTC assistant administrator
GENEVA, N.Y. — Finger Lakes Health (FLH) has announced the appointment of Nicole Magnera as its new long-term care assistant administrator. Prior to joining FLH,

VESTAL, N.Y. — Binghamton University and its coalition of partners have won $63.7 million in federal funding for the New Energy New York project, with

SYRACUSE, N.Y. — The median rental price for most apartments in the Syracuse metro area was unchanged in August compared to July but was significantly higher than a year ago. That’s according to the latest Zumper National Rent Report, issued on Aug. 29. The median rental price of one-bedroom apartments in the Syracuse region was
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 median rental price for most apartments in the Syracuse metro area was unchanged in August compared to July but was significantly higher than a year ago.
That’s according to the latest Zumper National Rent Report, issued on Aug. 29.
The median rental price of one-bedroom apartments in the Syracuse region was $880 in August, unchanged from July rent levels, but was still 6 percent higher than the $830 median price posted in August 2021, according to Zumper, an apartment-rental listings website.
The median rental rate for two-bedroom units in the Syracuse area was $1,220 in August, down 6.2 percent from $1,300 in July, but was up 18.4 percent from $1,030 in the year-prior month.
Syracuse now ranks as tied for the 91st most expensive rental market (or tied for 8th least expensive) among the top 100 metro areas by population, according to the report.
The Zumper National Rent Report analyzes rental data from more than 1 million active listings across the U.S. The company aggregates the data monthly to calculate median asking rents for the top 100 metro areas.
Broome County hotel occupancy rises nearly 4 percent in July
BINGHAMTON, N.Y. — Broome County hotels welcomed more overnight guests in July than the year-prior month, but the increase was below the gains seen earlier in the year. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county rose 3.7 percent to 69.9 percent in July, according to STR, a Tennessee–based
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
BINGHAMTON, N.Y. — Broome County hotels welcomed more overnight guests in July than the year-prior month, but the increase was below the gains seen earlier in the year.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county rose 3.7 percent to 69.9 percent in July, according to STR, a Tennessee–based hotel market data and analytics company. It was the smallest year-over year increase so far in 2022, as the occupancy gains in the prior six months ranged from nearly 16 percent to more than 45 percent. Year to date, occupancy is up 22.3 percent to 60.3 percent.
Broome County’s revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, went up 17.2 percent to $80.43 in July versus the year-ago month. Through the first seven months of the year, RevPar jumped 46.4 percent to $62.67.
Average daily rate (ADR), which represents the average rental rate for a sold room, climbed 13.1 percent to $115.05 in the county in the seventh month of 2022, compared to July 2021. So far this year, ADR is up 19.7 percent to $103.97.
Onondaga County hotels post nearly 23% occupancy rise so far in 2022
SYRACUSE, N.Y. — Onondaga County hotels hosted substantially more guests in the first seven months of 2022 as the hospitality and travel and leisure industries fully rebounded from the COVID-19 pandemic, according to a recent report. The county’s hotel-occupancy rate (rooms sold as a percentage of rooms available) jumped 22.7 percent to 56.5 percent year
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
SYRACUSE, N.Y. — Onondaga County hotels hosted substantially more guests in the first seven months of 2022 as the hospitality and travel and leisure industries fully rebounded from the COVID-19 pandemic, according to a recent report.
The county’s hotel-occupancy rate (rooms sold as a percentage of rooms available) jumped 22.7 percent to 56.5 percent year to date through July, compared to the same period in 2021.That’s according to a report from STR, a Tennessee–based hotel market data and analytics company.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, soared more than 54 percent to $64.98 year to date, through July of this year. RevPar rose more than 50 percent in six of the first seven individual months.
Average daily rate (or ADR), which represents the average rental rate for a sold room, went up nearly 26 percent to $114.96 through the first seven months of 2022. Only July (at 17.3 percent) saw an ADR increase of less than 25 percent among the individual months.
New York oat production is forecast to jump more than 36 percent this year
New York farms are expected to produce 2.69 million bushels of oats this year, up 36.5 percent from 1.97 million bushels in 2021, according to an Aug. 1 forecast from the USDA National Agricultural Statistics Service (NASS). Yield per acre for oats in New York state is forecast to rise 1.5 percent to 69 bushels
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.
New York farms are expected to produce 2.69 million bushels of oats this year, up 36.5 percent from 1.97 million bushels in 2021, according to an Aug. 1 forecast from the USDA National Agricultural Statistics Service (NASS).
Yield per acre for oats in New York state is forecast to rise 1.5 percent to 69 bushels per acre in 2022 from 68 bushels last year, the USDA NASS reports.
Area harvested for oats in the Empire State is expected to be 39,000 acres this year, up 34.5 percent from 29,000 acres in 2021.
National oat production is forecast to jump almost 32 percent to 52.6 million bushels in 2022, compared to more than 39.8 million bushels last year, according to the USDA.

Improvements made to public-safety broadband service in Oneida County
First responders across Oneida County are benefiting from an expansion of the FirstNet AT&T network that provides dedicated mobile broadband for public-safety agencies and organizations. As part of the expansion project, AT&T installed new purpose-built cell sites in Rome and near Hinckley Reservoir on the Herkimer County border. The new sites provide always-on priority and
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.
First responders across Oneida County are benefiting from an expansion of the FirstNet AT&T network that provides dedicated mobile broadband for public-safety agencies and organizations.
As part of the expansion project, AT&T installed new purpose-built cell sites in Rome and near Hinckley Reservoir on the Herkimer County border. The new sites provide always-on priority and preemption across voice and data for public safety.
AT&T also added a number of new cell sites across Oneida County to enhance mobile broadband coverage to give both residents and first responders faster, more reliable wireless service. The new sites serve Griffiss Business & Technology Park and Griffiss International Airport, Utica University, St. Luke’s Hospital, the Utica Business Park, Notre Dame Junior and Senior High School, the Oneida County office building, downtown Utica, East Utica, and North Utica.
“The FirstNet network has made Oneida County a safer place,” Oneida County Executive Anthony J. Picente, Jr. said in a statement. “Our partnership with AT&T has provided our first responders with fast and reliable communication that makes all the difference in serving the public and saving lives. We are also thankful for the immense investment they have made to improve the county’s mobile coverage and to bridge the digital divide for our residents.”
The City of Rome, along with the Rome police, fire, and public works departments, have all adopted FirstNet for all communications.
Rome Mayor Jacqueline M. Izzo noted the service has greatly enhanced public-safety operations in the city. “With always-on priority, preemption, and dedicated coverage, our first responders have access to a better, faster communications network that is essential in a time of crisis,” she said. “AT&T’s push-to-talk service has become a vital part of our operations, especially when our first responders may be outside of traditional cell coverage areas or public safety radio tower signals have a difficult time transmitting a signal.” This is especially important in areas where concrete block buildings may block signal transmissions, she added.
FirstNet uses Band 14 spectrum which is set aside by the federal government for FirstNet use. The First Responder Network Authority, an independent agency within the federal government, formed following the 9/11 terrorist attacks. Radios used by police, fire, and other first responders did not easily operate across different agencies, according to FirstNet Authority, and both land and mobile phone lines were overwhelmed by the high volume of calls. The Band 14 spectrum that FirstNet uses can be locked out in emergencies, meaning only public safety organizations can access it. Launched in 2018, FirstNet is built through a private-public partnership between FirstNet and AT&T.
“FirstNet is a dedicated broadband platform for public safety, by public safety,” FirstNet Authority Acting CEO Lisa Casias said. “We worked hand-in-hand with public safety throughout New York to understand their needs for the network. This new infrastructure is a prime example of how that input and feedback are becoming a reality. We look forward to continue supporting Rome and Oneida County first responders’ use of FirstNet to help them save lives and protect our communities.”
The always-on and preemption services protect first responders from network congestion by giving them a dedicated network. The service also provides public-safety-centric applications, additional network assets deployable during remote situations, planned events, or urgent crises as well as access to public safety health and wellness tools and resources.
Since 2020, AT&T has built and launched more than 15 new cell sites in Oneida County, and more than five of those are purpose-built sites. These infrastructure improvements boost overall coverage for AT&T customers in the area, not just those on FirstNet.

Cayuga Physical Therapy operating in new location in downtown Cortland
CORTLAND, N.Y. — A new Cayuga Physical Therapy (PT) facility has started operations at 2 North Main St. in downtown Cortland. Cayuga Health on Aug. 24 formally opened the new, 2,000-square-foot office that replaces its previous PT facility that was located on Commons Avenue. Officials from the Cortland Area Chamber of Commerce and the Cortland
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.
CORTLAND, N.Y. — A new Cayuga Physical Therapy (PT) facility has started operations at 2 North Main St. in downtown Cortland.
Cayuga Health on Aug. 24 formally opened the new, 2,000-square-foot office that replaces its previous PT facility that was located on Commons Avenue.
Officials from the Cortland Area Chamber of Commerce and the Cortland County Legislature joined Cayuga Health for the ribbon-cutting event. Cayuga Health is headquartered in Ithaca.
“Our physical therapists provide convenient appointments each weekday and our new space adds a calming natural light, a comfortable waiting room and a relaxing environment,” Brian Lee, director of Cayuga Physical Therapy, said in a release. “Our program offers patients seamless rehabilitation and physical therapy following their care from Cayuga Medical Associates’ orthopedics, sports medicine, and primary care providers.”
Patients seeking to improve their fitness after physical therapy can also be referred to Vine Health and Fitness in the adjacent suite on Main Street, Cayuga Health noted.
“Investing in our community continues to be a primary focus for Cayuga Health and the opening of a larger physical therapy facility, in the heart of Cortland’s downtown, supports our dedication and commitment to Cortland County,” Dr. Martin Stallone, president & CEO of Cayuga Health, said. “Our sports medicine physicians and trainers have already been providing clinical care for athletic teams at Cortland public schools and SUNY Cortland.”
With the addition of the Cayuga Physical Therapy program on Main Street, Cayuga Health now has eight total locations for primary and specialized care in Cortland and Homer, Cayuga Health said.
“Our residents now have dozens of advanced health-care choices delivered in Cortland County,” Bob Haight, president and CEO of the Cortland Area Chamber of Commerce, said. “I want to thank Cayuga Health, and our other healthcare partners in the community, for investing in community healthcare in Cortland. We are beyond grateful for today’s announcement and future expansions planned in Cortland County by Cayuga Health.”
About Cayuga Health
Headquartered in Ithaca, Cayuga Health has two hospitals — Cayuga Medical Center in Ithaca and Schuyler Hospital in Montour Falls. It also has a multi-specialty group, Cayuga Medical Associates, and a network of more than 400 providers with Cayuga Health Partners.
Combined employment, including affiliated organizations, is over 2,500 employees serving multiple counties throughout Central New York and the Finger Lakes Region, Cayuga Health said.

New York state home sales slide 14 percent in July
ALBANY, N.Y. — New York realtors sold 12,291 previously owned homes in July, down 14.1 percent from the 14,302 homes sold in July 2021 as the housing market continued to cool off. Pending sales fell more than 9 percent in the month, possibly foreshadowing further declines in closed sales in the next couple months. The
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 12,291 previously owned homes in July, down 14.1 percent from the 14,302 homes sold in July 2021 as the housing market continued to cool off.
Pending sales fell more than 9 percent in the month, possibly foreshadowing further declines in closed sales in the next couple months. The data comes from the New York State Association of Realtors (NYSAR)’s July housing-market report issued on Aug. 18.
“The New York housing market continued to cool in July, as rising sales prices, low inventory, and high mortgage rates slowed buyer activity,” NYSAR said to open its housing report.
NYSAR cited data from Freddie Mac indicating that mortgage interest rates, which had risen for seven straight months, dropped slightly in July. The monthly average on a 30-year fixed-rate mortgage fell from 5.52 percent in June, to 5.41 percent in July. The figure is still more than 2.5 percentage points higher than the average mortgage rate of 2.87 percent in July 2021, NYSAR noted.
Freddie Mac is the more common way of referring to the Virginia–based Federal Home Loan Mortgage Corporation.
New York sales data
Pending sales in the Empire State totaled 12,930 in July, a decline of 9.1 percent from the 14,221 pending sales in the same month in 2021, according to the NYSAR data.
The July 2022 statewide median sales price was $420,000, up 9.1 percent from the July 2021 median sales price of $385,000.
The months supply of homes for sale at the end of July stood at 3.3 months, down nearly 6 percent from 3.5 months a year earlier. A 6 month to 6.5-month supply is considered to be a balanced market, NYSAR said.
The inventory of homes for sale in New York state totaled 40,426 in July, off almost 14 percent from 46,936 homes in the year-ago month.
All home-sales data is compiled from multiple-listing services in the state, and it includes townhomes and condominiums in addition to existing single-family homes, according to NYSAR.
Central New York regions post job gains in the past year
Central New York’s regions generated job growth ranging between 1.2 percent and 3.3 percent in the last year, according to the monthly employment report for July that the New York State Department of Labor issued on Aug. 18. The Syracuse area gained 9,400 jobs between July 2021 and July 2022, an increase of 3.1 percent.
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.
Central New York’s regions generated job growth ranging between 1.2 percent and 3.3 percent in the last year, according to the monthly employment report for July that the New York State Department of Labor issued on Aug. 18.
The Syracuse area gained 9,400 jobs between July 2021 and July 2022, an increase of 3.1 percent.
Elsewhere, the Utica–Rome region gained 1,400 jobs, a rise of 1.2 percent; the Watertown–Fort Drum area added 700 jobs, an increase of 1.7 percent; the Binghamton region picked up 2,800 positions, a 3 percent gain; the Ithaca metro area gained 1,900 jobs, an increase of 3.3 percent; and the Elmira region added 800 jobs in the past year, a rise of 2.3 percent.
New York state as a whole gained more than 451,000 jobs, an increase of 5 percent between July 2021 and July 2022. The state economy also gained 41,000 jobs, a 0.4 percent rise, between June and July of this year, the state Department of Labor said.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.