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

Supporting employees with high-cost medical conditions
SPONSORED CONTENT Supporting employees with high-cost medical conditions By Jeanine Davis, Vice President Clinical Operations, Excellus BlueCross BlueShield Even though high-cost claimants represent only about

Boilermaker drops COVID restrictions for race participation
UTICA, N.Y. — Boilermaker officials have lifted COVID restrictions for participation in all its road races on July 10. With these changes, participants no longer

Syracuse Whitman School Dean Anderson leaving to lead Pittsburgh business school
SYRACUSE, N.Y. — Syracuse University on Thursday said it would soon begin a national search for a new dean for the Martin J. Whitman School

Water Safari Resort in Old Forge readies for season opening
OLD FORGE, N.Y. — Water Safari Resort, which includes Enchanted Forest Water Safari, opens for the season on June 15 for the first unrestricted season

Onondaga County, GMR partner on nurse-navigation program
SYRACUSE, N.Y. — The Onondaga County Department of Emergency Communications/911 has partnered with Global Medical Response (GMR) on a nurse-navigation program. Under the program, some
Community Bank System declares dividend of 43 cents a share for July payment
DeWITT, N.Y.— Community Bank System, Inc. (NYSE: CBU) announced that it has declared a cash dividend of 43 cents a share on its common stock for the second quarter. The dividend will be payable on July 11 to shareholders of record as of June 15. The quarterly payment represents an annualized yield of about 2.7
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.
DeWITT, N.Y.— Community Bank System, Inc. (NYSE: CBU) announced that it has declared a cash dividend of 43 cents a share on its common stock for the second quarter.
The dividend will be payable on July 11 to shareholders of record as of June 15.
The quarterly payment represents an annualized yield of about 2.7 percent, based on Community Bank System’s current stock price.
The DeWitt–based banking company also announced that shareholders voted in line with the board of directors’ recommendations on all proposals at its annual shareholders’ meeting on May 18, and elected all 13 of the directors standing for re-election for a one-year term. The Community Bank System stockholders also approved, on an advisory basis, the company’s executive-compensation programs, approved the banking company’s 2022 long-term incentive plan, as amended, and ratified the appointment of PricewaterhouseCoopers LLP to serve as Community’s independent registered public accounting firm.
Community Bank System operates more than 220 branches across upstate New York, northeastern Pennsylvania, Vermont, and western Massachusetts through its banking subsidiary, Community Bank, N.A. It has total assets of more than $15.6 billion.

ConMed to pay 2nd quarter dividend of 20 cents on July 5
ConMed Corp. (NYSE: CNMD), a surgical-device maker with roots in the Utica area, recently announced that its board of directors has declared a quarterly cash dividend of 20 cents a share for the second quarter of the year. The dividend is payable on July 5 to all shareholders of record as of June 15. ConMed
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.
ConMed Corp. (NYSE: CNMD), a surgical-device maker with roots in the Utica area, recently announced that its board of directors has declared a quarterly cash dividend of 20 cents a share for the second quarter of the year.
The dividend is payable on July 5 to all shareholders of record as of June 15.
ConMed manufactures surgical devices and equipment for minimally invasive procedures. The company’s products are used by surgeons and physicians in specialties that include orthopedics, general surgery, gynecology, neurosurgery, thoracic surgery, and gastroenterology.
ConMed, which was headquartered in the Utica–Rome region for 50-plus years, at the beginning of 2021 designated Largo, Florida (the Tampa Bay area) as its corporate headquarters Its Utica–area facility is located at 525 French Road in New Hartford, where the company continues to maintain its manufacturing, finance, human resources, legal, and other corporate functions. The Florida office houses its CEO and other key executives.

North Country contractor certified as service-disabled vet-owned business
THERESA, N.Y. — New York Office of General Services (OGS) Acting Commissioner Jeanette Moy recently announced that a North Country contracting firm has been certified as a service-disabled veteran-owned business (SDVOB). The New York OGS Division of Service-Disabled Veterans’ Business Development (DSDVBD) issued the certification to the Gutter Cutter Seamless Gutters, which is a gutter
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.
THERESA, N.Y. — New York Office of General Services (OGS) Acting Commissioner Jeanette Moy recently announced that a North Country contracting firm has been certified as a service-disabled veteran-owned business (SDVOB).
The New York OGS Division of Service-Disabled Veterans’ Business Development (DSDVBD) issued the certification to the Gutter Cutter Seamless Gutters, which is a gutter and siding contractor located in town of Theresa in Jefferson County. The business owner is listed as Peter D. Marshall, according to the OGS SDVOB directory. The business size is less than $100,000 and the firm serves Jefferson, Lewis, Oneida, and St. Lawrence counties, per the directory.
The Gutter Cutter Seamless Gutters was among 14 newly certified businesses announced by OGS on May 23. The DSDVBD was created by New York State government in 2014 through enactment of the Service-Disabled Veteran-Owned Business Act. The state currently has 992 certified businesses.
New York milk producer prices increase again in latest month
Milk prices at the producer level kept going up in New York state in the latest month for which data is available. New York dairy farms in March were paid an average of $25.90 per hundredweight of milk, up 50 cents, or almost 2 percent, from $25.40 in February. The year-over-year rise in prices 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.
Milk prices at the producer level kept going up in New York state in the latest month for which data is available.
New York dairy farms in March were paid an average of $25.90 per hundredweight of milk, up 50 cents, or almost 2 percent, from $25.40 in February. The year-over-year rise in prices was much steeper. Milk prices received were up $8, or nearly 45 percent, from the $17.90 average in March 2021.
The data comes from the monthly milk-production report that the USDA’s National Agricultural Statistics Service (NASS) issued on May 18.
New York dairy farms produced 1.305 billion pounds of milk in April, down 0.8 percent from 1.315 billion pounds in the year-prior month. Milk production per cow in the state averaged 2,105 pounds in April, up slightly from 2,100 in the same month last year. The number of milk cows on farms in New York state totaled 620,000 head in April, down 1 percent from 626,000 head in April 2021, NASS reported.
Broome County hotel occupancy jumps 39 percent in April
BINGHAMTON, N.Y. — Broome County hotels saw an influx of guests in April compared to a year earlier, according to a new report. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county soared 39.3 percent to 65.8 percent in April, according to STR, a Tennessee–based hotel market data and analytics
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 saw an influx of guests in April compared to a year earlier, according to a new report.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county soared 39.3 percent to 65.8 percent in April, according to STR, a Tennessee–based hotel market data and analytics company. Year to date, occupancy is up 33.2 percent to 54.7 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, skyrocketed 78.8 percent to $67.89 in April, compared to the year-prior month. Through the first four months of the year, RevPar climbed 64.6 percent to $52.05.
Average daily rate (or ADR), which represents the average rental rate for a sold room, increased 28.3 percent to $103.23 in the county in the fourth month of the year, compared to April 2021. So far in 2022, ADR is up 23.5 percent to $95.09.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.