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

Five Star Bank parent company to pay next quarterly dividend in early July
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent of Five Star Bank, recently announced that its board of directors has approved a quarterly cash dividend of 29 cents per common share outstanding. The banking company will pay the second-quarter dividend on July 5, to shareholders of record on June 17. It is the same […]
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.
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent of Five Star Bank, recently announced that its board of directors has approved a quarterly cash dividend of 29 cents per common share outstanding.
The banking company will pay the second-quarter dividend on July 5, to shareholders of record on June 17. It is the same amount as the dividend that Financial Institutions paid in the first quarter, when it boosted the payment from the 27 cents a share it paid for the fourth quarter of last year.
At the banking company’s current stock price, the new dividend yields about 4.15 percent on an annual basis.
Five Star Bank, based in Warsaw in Wyoming County, has more than 45 branches throughout Western and Central New York, as well as a loan office in Maryland. Its CNY branches include offices in Auburn, Seneca Falls, Geneva, Ovid, Horseheads, and Elmira.
Financial Institutions and its subsidiaries employ more than 600 people.

KeyCorp to pay Q2 dividend of 19.5 cents in mid-June
KeyCorp (NYSE: KEY) — parent of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York area — has declared a quarterly cash dividend of 19.5 cents per share of its common stock for the second quarter. The dividend is payable on June 15, to holders of record as
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.
KeyCorp (NYSE: KEY) — parent of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York area — has declared a quarterly cash dividend of 19.5 cents per share of its common stock for the second quarter.
The dividend is payable on June 15, to holders of record as of the close of business on May 31. At Key’s current stock price, the dividend yields about 3.9 percent on an annual basis.
The new dividend is the same amount that Key paid in both the first quarter and the fourth quarter of last year, when it boosted its dividend by 5 percent from the 18.5 cents that the banking company paid in the third quarter.
Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial-services companies, with assets of about $181 billion as of March 31. Its roots trace back nearly 200 years to Albany. KeyBank has a network of about 1,000 branches and 1,300 ATMs in 15 states.

Hourigan named to Oswego Industries board of directors
FULTON, N.Y. — Oswego Industries announced it has added Michele Hourigan of the Oswego Health Foundation to its board of directors. The agency, which has been operating in Fulton since 1968, says it “empowers people with disabilities to live rich, fulfilling lives of their own choosing.” Prior to joining Oswego Health, Hourigan was the HR
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.
FULTON, N.Y. — Oswego Industries announced it has added Michele Hourigan of the Oswego Health Foundation to its board of directors.
The agency, which has been operating in Fulton since 1968, says it “empowers people with disabilities to live rich, fulfilling lives of their own choosing.”
Prior to joining Oswego Health, Hourigan was the HR associate at Oswego Industries and The Arc of Oswego County.
“I developed such strong connections with the individuals supported by the agency and I care so strongly about the work they do there,” Hourigan said in an Oswego Industries news release. “It is a huge honor to be joining the Board of Directors.”
Hourigan said she hopes to be able to connect Oswego Industries with new relationships to assist with marketing, business-service contracts, and other relevant pursuits. “I meet so many people through my work with Oswego Health,” said Hourigan. “The right introduction at the right time can make a world of difference to everyone involved.”
Hourigan graduated with a bachelor’s degree in public justice from SUNY Oswego, and is a lifelong resident of Oswego. Her passion for the work the agency does and her deep ties to the community are strong assets, and Oswego Industries said it is looking forward to working with her in her new role on the board.
For more than 50 years, Oswego Industries has provided services and supports for adults with disabilities while partnering with local businesses to deliver production and workforce solutions. Its programs include day habilitation, community habilitation, family-support services, and vocational and employment supports.

Illegal turkey harvested in Jefferson County
ANTWERP, N.Y. — A hunter in Jefferson County was recently cited for illegally killing a turkey, the New York State Department of Environmental Conservation (DEC) announced. On May 1, while patrolling a Fort Drum training area, New York environmental conservation police officer Max Woyton observed vehicles parked in an area closed to hunting/recreation. One of
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.
ANTWERP, N.Y. — A hunter in Jefferson County was recently cited for illegally killing a turkey, the New York State Department of Environmental Conservation (DEC) announced.
On May 1, while patrolling a Fort Drum training area, New York environmental conservation police officer Max Woyton observed vehicles parked in an area closed to hunting/recreation. One of the vehicles, a truck, contained a recently harvested turkey in its bed. Fort Drum conservation law enforcement contacted the truck owner by phone and advised him to return to the vehicle. Officer Woyton determined the turkey was taken in the closed area and ticketed the shooter for unlawful take of a turkey and failing to properly tag the bird, both pending in the Town of Antwerp Court. A May 25 DEC news release detailing the violations did not name the hunter.
Fort Drum conservation law enforcement also issued multiple citations to the vehicle and hunting partner for violating Fort Drum regulations.

Finger Lakes Land Trust buys Bell Station property in Lansing
LANSING, N.Y. — The Finger Lakes Land Trust (FLLT) says it has acquired the Bell Station property in Lansing in Tompkins County, which FLLT says was the largest privately owned parcel of shoreline remaining in the Finger Lakes region. FLLT bought the 480-acre parcel from New York State Electric & Gas (NYSEG), per its May
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.
LANSING, N.Y. — The Finger Lakes Land Trust (FLLT) says it has acquired the Bell Station property in Lansing in Tompkins County, which FLLT says was the largest privately owned parcel of shoreline remaining in the Finger Lakes region.
FLLT bought the 480-acre parcel from New York State Electric & Gas (NYSEG), per its May 24 announcement. NYSEG originally acquired the property for a nuclear-power plant “that was never built,” per the FLLT website.
Located on the eastern shore of Cayuga Lake, the Bell Station property has wooded hillsides overlooking the lake, extensive fields, and several small streams with cascading waterfalls, FLLT noted. It includes 3,400 feet of Cayuga Lake shoreline.
FLLT used a $2 million loan from the Park Foundation, $500,000 raised from individual donations, and an internal loan from the FLLT’s Opportunity Fund to pay for the land purchase. The organization’s announcement didn’t include a specific dollar figure for the purchase price.
The FLLT plans to sell the lakeshore portion of the property to the New York State Department of Environmental Conservation (DEC), which will manage the property for recreational uses. Those could include hiking, cross-country skiing, wildlife watching, hunting, and fishing.
In partnership with the Town of Lansing, the FLLT is also exploring the feasibility of utilizing 200 acres of the property for solar-energy production.
“This is a tremendous win for the region and everyone who loves the Finger Lakes,” Andrew Zepp, executive director of the Finger Lakes Land Trust, said. “The Bell Station project will help maintain Cayuga Lake’s water quality while providing new opportunities for outdoor recreation and the generation of renewable energy. We are grateful to Governor Kathy Hochul and all of our elected officials and community members who acted together to make this possible.”
The FLLT will formally open the Bell Station property to the public on an interim basis for low-impact recreation on June 10. The public is invited to attend an open house from 2-4 p.m. The event will include refreshments and guided hikes. Those interested can visit fllt.org/events for directions and more information, FLLT said.
Purpose of purchase
Acquisition of the site for conservation will “greatly enhance” public access to the east side of Cayuga Lake, which is 90 percent privately owned, FLLT contends. Permanent conservation will also prevent residential development on the steep hillsides bordering the lake, “helping to safeguard” the lake’s water quality and “prevent future harmful algal blooms,” per the FLLT announcement.
For these reasons, the FLLT has been pursuing the conservation of the Bell Station property for “a number of years.” The New York State DEC, Gov. Kathy Hochul, the Town of Lansing, Tompkins County, and other key stakeholders supported the FLLT effort, the organization said.
FLLT cites the efforts of Gov. Hochul, concerned citizens, and other support for NYSEG agreeing to cancel a public auction that was scheduled for October 2021 and enter into a purchase agreement with the FLLT.

New York State Fair has new interim director
GEDDES, N.Y. — The New York State Fair has new interim leadership, while the previous director has a new role with different duties related to fairs across the state. Sean Hennessey will serve as the State Fair’s new assistant director and as interim director for this year’s State Fair, New York State Agriculture Commissioner Richard
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.
GEDDES, N.Y. — The New York State Fair has new interim leadership, while the previous director has a new role with different duties related to fairs across the state.
Sean Hennessey will serve as the State Fair’s new assistant director and as interim director for this year’s State Fair, New York State Agriculture Commissioner Richard Ball announced May 25.
He has been serving as assistant commissioner for operations at the New York State Department of Transportation.
At the same time, Ball also announced that former State Fair director Troy Waffner will move into the newly created position of agricultural fair development director.
This year’s State Fair is scheduled to run between Aug. 25 and Sept. 5.
Waffner’s new position
I
n his new role, Waffner will evaluate ways to increase marketing and promotion of county fairs as well as opportunities to improve youth and agricultural programming initiatives at all fairs statewide.
Waffner’s move to the new role is “part of Gov. Hochul’s bold investment in agriculture and plan to support growth and revitalization opportunities for all fairs in New York,” per the online announcement.
This announcement comes as part of Hochul’s September 2021 plan to “facilitate greater coordination” among county fairs in 2022.
“The Great New York State Fair is a tradition and cultural institution across the state and it has been an honor and a privilege to be part of the dynamic team that runs it. With the support of Governor Hochul and Commissioner Ball, we have made huge strides in growing the Fair,” Waffner said. “I am most excited for the next chapter in working with our agricultural fairs to assist them in marketing, promotion, and programming — these fairs are truly the heartbeat and highlight of agriculture in New York State.”
About Hennessey
The state says Hennessey has a “proven track record of successful management” of employees and systems within public agencies, including administration of large annual budgets and multimillion dollar capital projects. His additional experience as executive board member, booking agent, and spokesperson for the North Country Goes Green Irish Festival gives him “tremendous experience in coordinating and promoting large-scale cultural events such as the Fair.”
“The Great New York State Fair is an iconic attraction known around the world for its focus on entertainment and showing the best of New York agriculture. I am extremely grateful and humbled to be chosen as interim director, and to become a part of the team that makes the magic happen,” Hennessey said. “The team at the Fair is first rate, and I know that my extensive operations and emergency management experience, coupled with my years of volunteer work, will be a great complement to their hard work. I’m ready to roll up my sleeves immediately and get to work with the team to put on the best possible show for fairgoers in 2022.”

Rome Health emergency department receives award of excellence
ROME, N.Y. — The Midstate Regional Emergency Medical Services Council recognized Rome Health at its May 20 annual awards banquet, which celebrates the people and organizations that provide the system of care that supports the community through emergencies. Rome’s emergency department (ED)received the Commissioner of Health’s Award of Excellence for remaining open and accessible even
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.
ROME, N.Y. — The Midstate Regional Emergency Medical Services Council recognized Rome Health at its May 20 annual awards banquet, which celebrates the people and organizations that provide the system of care that supports the community through emergencies.
Rome’s emergency department (ED)received the Commissioner of Health’s Award of Excellence for remaining open and accessible even as the patient volume surged with each COVID wave.
In his nomination, Paul Taylor, AmCare Ambulance Service, Inc. president and CEO, praised the Rome Health emergency department, under the leadership of Medical Director Andrew Bushnell and Director Kelly West, for never turning away emergency medical services (EMS) units and working quickly to get those units back into service to meet the community’s needs.
“During the pandemic, all facilities were receiving a significant increase in their case loads,” he said in a news release. “Rome Health was no exception. While all Mid-State regional facilities went on ‘diversion’ at some point when their EDs were inundated, Rome Health did not, not once. The comment coming directly from administration was, ‘We are not closing, the community depends on us too much. We are the safety net, and we will not go on diversion.’”
“The emergency department staff went out of their way to clear room for incoming EMS units, knowing that they were the only ambulances available for Rome and the surrounding communities,” Taylor continued. “It was truly a rare occurrence that any patient had to wait on an ambulance stretcher more than 10-15 minutes.”
In 2021, more than 25,500 people received care in Rome Health’s emergency department, a patient volume that was up 9.2 percent over 2020 levels.
The Midstate Regional Emergency Medical Services Council also honored Chris Durfee, RN at Rome Health, as the Emergency Department RN of the Year for consistently holding himself and others to the highest standards.
A nonprofit health-care system based in Rome, Rome Health provides services including primary, specialty, and long-term care. It is an affiliate of St. Joseph’s Health and an affiliated clinical site of New York Medical College.

Hamilton Mayor Loveless elected 2nd VP for NYS Conference of Mayors
HAMILTON, N.Y. — On May 5, at the 113th annual meeting of the New York State Conference of Mayors (NYCOM), the NYCOM membership unanimously elected RuthAnn Loveless, mayor of the Village of Hamilton, to serve as NYCOM second VP for the coming year. “I am honored to have been selected to serve as NYCOM’s Second
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.
HAMILTON, N.Y. — On May 5, at the 113th annual meeting of the New York State Conference of Mayors (NYCOM), the NYCOM membership unanimously elected RuthAnn Loveless, mayor of the Village of Hamilton, to serve as NYCOM second VP for the coming year.
“I am honored to have been selected to serve as NYCOM’s Second Vice President,” Mayor Loveless said in a Conference of Mayors news release. “I look forward to helping lead NYCOM in fulfilling its important mission of assisting cities and villages in their role as the government closest to the people.”
Loveless has extensive experience delivering a multi-faceted set of public services, including complex municipal utilities (i.e., electric, natural gas, water and wastewater), as well as a municipal airport, police force, and volunteer fire department. She also has a successful track record of inter-municipal and village-college relationships that has fostered community development and expanded housing options in Hamilton, per the release.
Loveless will serve as a NYCOM officer through May 17, 2023. The Conference of Mayors represents 575 cities and villages in New York state, ranging from the smallest village to the City of New York. NYCOM was founded in 1910.

Area public-housing authorities receive HUD funds for improvements
The U.S. Department of Housing and Urban Development (HUD) recently awarded nearly $800 million in funding to 71 public-housing authorities around the state to make capital investments in public-housing properties. The funding is part of $3.2 billion in fiscal year 2022 Capital Fund Program awards to 2,813 public-housing authorities nationally. “It is essential for public-housing
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 U.S. Department of Housing and Urban Development (HUD) recently awarded nearly $800 million in funding to 71 public-housing authorities around the state to make capital investments in public-housing properties.
The funding is part of $3.2 billion in fiscal year 2022 Capital Fund Program awards to 2,813 public-housing authorities nationally.
“It is essential for public-housing authorities to preserve existing affordable housing, and this HUD funding will go a long way to assist with major improvements,” Alicka Ampry-Samuel, HUD regional administrator for New York and New Jersey, said in a press release. “HUD’s Capital Fund Program allocates funding annually for the development, financing, and modernization of public housing properties and management improvements to ensure their residents’ health, safety, and quality of life.”
Funding can be used for large-scale improvements such as replacing roofs or making energy-efficient upgrades to heating systems and water-conservation measures.
Area public-housing authorities that received funds include: Syracuse Housing Authority, $7.43 million; Utica Housing Authority, $2.82 million; Binghamton Housing Authority, $2.07 million; Watertown Housing Authority, $2.02 million; Elmira Housing Authority, $1.23 million; Cortland Housing Authority, almost $1.2 million; Ithaca Housing Authority, almost $1.04 million; Ogdensburg Housing Authority, just under $1 million; Rome Housing Authority, nearly $597,500; Herkimer Housing Authority, almost $308,000; Norwich Housing Authority, over $299,000; Oneonta Housing Authority, nearly $294,000; and Auburn Housing Authority, $163,000.

Fulton small businesses can apply for grants from city’s DRI funding
FULTON, N.Y. — The City of Fulton Community Development Agency (FCDA) says the city’s small businesses can apply for funding for projects to “enhance and strengthen” the city’s downtown area. The $750,000 available for these grants are part of Fulton’s award in the state’s Downtown Revitalization Initiative (DRI). FCDA is accepting applications through Oct. 3,
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.
FULTON, N.Y. — The City of Fulton Community Development Agency (FCDA) says the city’s small businesses can apply for funding for projects to “enhance and strengthen” the city’s downtown area.
The $750,000 available for these grants are part of Fulton’s award in the state’s Downtown Revitalization Initiative (DRI). FCDA is accepting applications through Oct. 3, the agency said in a May 23 announcement.
The types of improvements can include new signs and awnings, building renovations, technical assistance, and projects related to dealing with the COVID-19 pandemic.
“I am beyond thrilled to announce this program,” Fulton Mayor Deana Michaels said. “These improvements in our downtown and along the DRI area will be transformational. Both Fultonians and those visiting our city will see the bright, new improvements and feel the pride we all have in enhancing our city’s positive vibe.”
An information session for business owners interested in applying for these funds will be held at 6 p.m. on June 14 at the Fulton War Memorial, Sarah Farley, FCDA executive director, said.
“In addition, interested business owners can contact the FCDA to schedule a free consultation for application assistance with our economic-development team,” Farley added. “We want to make the application process as smooth as possible.”
DRI project timeline
Once all applications are received, FCDA anticipates a timeline process that will include the following elements:
• Mid-October: review committee meets
• Nov. 1: Selecting and recommending projects to New York State Homes and Community Renewal and then announcing grant awards.
• Dec. 1: proceeding with grant awards and finalized projects
• During winter and spring 2023: conducting required environmental review
• Between January and April 2023: continuing final design, project bidding, permitting, and site-plan review
• May 1, 2023: beginning construction
• July 1, 2024: completing all projects
Contact the FCDA at www.fultoncda.com/contact or (315) 593-7166.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.