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Syracuse Metropolitan Transportation Council approves first phase of I-81 project
SYRACUSE, N.Y. — The policy committee of the Syracuse Metropolitan Transportation Council on Friday approved the first phase of the Interstate 81 viaduct-replacement project. The

Community Foundation seeks applicants for first responder grants
UTICA, N.Y. — The Community Foundation of Herkimer and Oneida Counties will accept applications from May 1 through June 30 for its Hero Fund American

Chemung Chamber presents small-business webinars this week
ELMIRA, N.Y. — The Chemung County Chamber of Commerce will present a week-long webinar education series focused on small businesses and entrepreneurship this week, May

Microsoft awards Syracuse, CenterState CEO $500K grant for economic development
SYRACUSE, N.Y. — Microsoft Philanthropies has awarded the City of Syracuse and CenterState CEO a $500,000 Skills for Jobs and Livelihoods grant. The grant will

Binghamton University unveils new $60 million baseball stadium complex
VESTAL, N.Y. — Binghamton University on Friday opened its new $60 million, on-campus baseball facility. The Binghamton Bearcats were set to play UMBC (University of

Le Moyne announces commencement speakers, honorary degree recipients
SYRACUSE, N.Y. — A columnist with the Washington Post and a Central New York congressman will deliver remarks to the Le Moyne College Class of

Greater Binghamton Chamber to host State of Our Industries event on May 6
BINGHAMTON, N.Y. — The Greater Binghamton Chamber of Commerce will hold its 2022 Community Building Series: State of our Industries next Friday, May 6 from

IAED’s McDaniel appointed chair of Tompkins County Air Service Board
ITHACA, N.Y. — The Tompkins County Air Service Board (ASB) — an advisory group to the Ithaca Tompkins International Airport (ITH) — has a new
Wolfspeed formally opens as Marcy Nanocenter’s first tenant
MARCY, N.Y. — For two years, Mohawk Valley residents have watched a building take shape on the hills alongside SUNY Polytechnic Institute in the town of Marcy. On April 25, Oneida County Executive Anthony J. Picente, Jr. stood with Gov. Kathy Hochul and an array of area leaders to celebrate the grand opening of that
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MARCY, N.Y. — For two years, Mohawk Valley residents have watched a building take shape on the hills alongside SUNY Polytechnic Institute in the town of Marcy.
On April 25, Oneida County Executive Anthony J. Picente, Jr. stood with Gov. Kathy Hochul and an array of area leaders to celebrate the grand opening of that building — the Wolfspeed 200mm silicon-carbide fabrication facility at the Marcy Nanocenter.
Wolfspeed (NYSE: WOLF) is a silicon-carbide technology and manufacturing firm headquartered in North Carolina. Its products are used in power devices and RF devices in electric vehicles, fast chargers, 5G applications, and the renewable energy, aerospace, and defense industries.
“It’s one hell of a view,” Picente said of the Wolfspeed facility.
Wolfspeed’s opening is the culmination of a process that started in 1998, he said, and represents the future of the Mohawk Valley.
Its opening dovetails with Gov. Hochul’s April 22 announcement that the state is going after billions in federal funding to establish the state’s Albany Nanotech Complex as a primary research and development hub and headquarters of a proposed National Semiconductor Technology Center.

During the COVID-19 pandemic, supply-chain issues heavily impacted certain industries, especially auto manufacturers that could not obtain the microchips they needed to build new cars.
The solution to that, Gov. Hochul said at the Wolfspeed grand opening, is to make the chips here in New York. There are already 88 semiconductor-based businesses in the state generating a $5 billion economic impact with 34,000 jobs, she said. That’s why with up to $52 billion in federal funding at stake, “we’re really laser focused on semiconductors,” the governor stressed.
When asked about a proposed plan she announced at the beginning of the year to relocate SUNY Poly’s College of Nanoscale Science and Engineering to SUNY Albany and whether that plan will change now that Wolfspeed has opened, Hochul would only say that she has engaged in “productive conversations” with area leaders on the subject.
Oneida County is currently hosting a petition on change.org, asking the governor to leave the College of Nanoscale Science and Engineering at SUNY Poly, where it will benefit Wolfspeed, as well as potential future tenants of the Marcy Nanocenter.
Wolfspeed’s products are already in use in electric vehicles. At the April 25 event, Wolfspeed CEO Gregg Lowe announced the company signed a multi-year agreement to supply silicon-carbide semiconductors to Lucid Motors for use in its Lucid Air luxury electric vehicle. The company will produce those semiconductors in Marcy.
A Lucid Motors official told the crowd that Wolfspeed is the best choice because, simply put, its silicon-carbide power module chargers faster and converts energy more efficiently. The end result is longer range for the electric vehicle. A Lucid Air vehicle was used to “cut the ribbon” at the grand opening by driving through a Wolfspeed banner.
Production is already underway at Wolfspeed, which currently has 265 employees. The plant is running 24/7 at about 10 percent of its full capacity. Wolfspeed expects to have 400 employees by the end of 2026 and 600 workers by the end of 2029. In addition, the company will also provide internship and research positions for SUNY Poly students, helping to create a skilled manufacturing workforce.
Gov. Hochul also promised to work with Wolfspeed to ensure it has the workforce it needs. “Tell us those skills,” she said, “and I’ll make sure that the world-class institutions of higher education that are right here in the Mohawk Valley are teaching those skills.”

Building at 600 Montgomery St. in Syracuse sold for $1.15 million
SYRACUSE, N.Y. — Werock Properties recently bought the 37,000-square-foot-office building at 600 Montgomery St. in Syracuse for $1.15 million. Bill Colucci of Cushman & Wakefield/Pyramid Brokerage Company helped arrange the transaction. The six-story office building is situated on about one-sixth of an acre at the corner of Montgomery and Harrison Streets in downtown Syracuse. The
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SYRACUSE, N.Y. — Werock Properties recently bought the 37,000-square-foot-office building at 600 Montgomery St. in Syracuse for $1.15 million.
Bill Colucci of Cushman & Wakefield/Pyramid Brokerage Company helped arrange the transaction.
The six-story office building is situated on about one-sixth of an acre at the corner of Montgomery and Harrison Streets in downtown Syracuse. The property is assessed at $750,000 for 2022 and listed with a full market value of $1.09 million, according to Onondaga County’s online real-estate records.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.