Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Syracuse University, NYS to expand COVID-19 surveillance in wastewater
SYRACUSE, N.Y. — Syracuse University and the New York State Department of Health are partnering on an effort to study wastewater for COVID-19. Wastewater surveillance
KeyBank acquires payments company
KeyBank National Association last month announced that it has acquired XUP Payments, a B2B-focused digital-payments platform. KeyBank, a unit of Cleveland, Ohio–based KeyCorp, ranks No. 2 in deposit market share in the 16-county Central New York region. The bank says Charlotte, N.C.–based XUP’s technology “enables simple, intuitive, client onboarding and servicing experiences.” XUP has integrated
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.
KeyBank National Association last month announced that it has acquired XUP Payments, a B2B-focused digital-payments platform.
KeyBank, a unit of Cleveland, Ohio–based KeyCorp, ranks No. 2 in deposit market share in the 16-county Central New York region.
The bank says Charlotte, N.C.–based XUP’s technology “enables simple, intuitive, client onboarding and servicing experiences.” XUP has integrated its technology with processors, 3rd-party risk tools, customer-relationship management systems, and other fintech services.
Key says it was an early investor in XUP and notes that this acquisition follows a partnership between the two companies that “transformed” Key’s merchant payments capabilities.
KeyBank did not disclose any transaction terms in its Nov. 22 acquisition announcement.
The bank plans to leverage XUP Payments’ technology to enhance the experience across its commercial product line and advance Key’s broader “embedded banking strategy.” The acquisition is the latest in a series of Key alliances with fintech companies to offer improved payments and banking services to bank clients.
Earlier this year, Key acquired AQN Strategies to enhance its data-analytics capabilities, and in 2019, it purchased Laurel Road’s digital student-loan refinance platform. Previously, Key formed strategic partnerships with AvidXchange, BillTrust, and Bill.com among others, to boost its fintech offerings for clients and prospects.
“We’ve long embraced the software innovation that’s sweeping through the financial services industry, and the acquisition of XUP allows us to continue to be a leader in this space,” Ken Gavrity, head of enterprise payments & analytics at KeyBank, contended in a release. “XUP’s highly experienced team has accelerated us on the journey to build connectivity across our systems, our partners, and our customers, to make it easy to do business with Key.”
KeyBank’s roots trace back nearly 200 years to Albany. It has a network of about 1,000 branches and 1,300 ATMs in 15 states.
Arctic Bear Heating, Plumbing, Air & Water Treatment moves to Vestal
VESTAL, N.Y. — Arctic Bear Heating, Plumbing, Air & Water Treatment recently moved its headquarters to Vestal after outgrowing its previous space in the town of Union. Arctic Bear is now located in a 6,500-square-foot space at 612 Vestal Pkwy W., which was previously used for a marble distribution facility and then stood vacant for
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.
VESTAL, N.Y. — Arctic Bear Heating, Plumbing, Air & Water Treatment recently moved its headquarters to Vestal after outgrowing its previous space in the town of Union.
Arctic Bear is now located in a 6,500-square-foot space at 612 Vestal Pkwy W., which was previously used for a marble distribution facility and then stood vacant for several years.
As the business continues to grow and to serve more of Broome County’s residents, the new, larger location will allow for continued expansion and the offering of additional services, Arctic Bear said in a news release.
The company had previously occupied 1,000 square feet at the address of 213 S. Kelly Ave., Endicott (town of Union).
Arctic Bear and the Greater Binghamton Chamber of Commerce held a ribbon cutting on Dec. 15 to “break in the new location, and to highlight the opportunity for small businesses to continue expanding in Broome County,” per the release.
Arctic Bear offers heating, cooling, water treatment, and plumbing services to the Greater Binghamton area and beyond.
M&T Bank to pay increased quarterly dividend for Q4 on Dec. 31
M&T Bank Corporation (NYSE: MTB) recently announced that it has declared a quarterly cash dividend of $1.20 per share on its common stock for the fourth quarter. The dividend is up 10 cents, or 9 percent, from the $1.10 per share that the banking company paid shareholders in the third quarter. M&T Bank will pay
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.
M&T Bank Corporation (NYSE: MTB) recently announced that it has declared a quarterly cash dividend of $1.20 per share on its common stock for the fourth quarter.
The dividend is up 10 cents, or 9 percent, from the $1.10 per share that the banking company paid shareholders in the third quarter.
M&T Bank will pay the new dividend on Dec. 31, to shareholders of record at the close of business on Nov. 30.
M&T Bank Corp. is a financial-holding company headquartered in Buffalo. Its main banking subsidiary, M&T Bank, operates branches in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia. Trust-related services are provided by M&T’s Wilmington Trust-affiliated companies and by M&T Bank.
M&T Bank has about 45 branches and employs about 450 people in its Central New York region, which covers Onondaga, Cayuga, Seneca, Oswego, Jefferson, Lewis, Madison, Oneida, and Herkimer counties. Its regional headquarters is located at 250 South Clinton St. in downtown Syracuse.
Samadhi Yoga Syracuse sees growth since March opening
LIVERPOOL, N.Y. — When Samadhi Yoga Syracuse opened at 101 1st St. in the village of Liverpool in March 2021, owner Bridgette Maney had just two people come to the studio’s first class. On a recent Sunday she looked out her office window and saw 15. “I just can’t say enough about the area 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.
LIVERPOOL, N.Y. — When Samadhi Yoga Syracuse opened at 101 1st St. in the village of Liverpool in March 2021, owner Bridgette Maney had just two people come to the studio’s first class. On a recent Sunday she looked out her office window and saw 15.
“I just can’t say enough about the area and the people of Central New York,” she says in an interview with CNYBJ about the support she has received. “They’ve been my biggest cheerleader.”
Originally from the Binghamton area, Maney returned to CNY at the start of the COVID-19 pandemic to help her sister — Maureen Maney, a partner at personal-injury law firm Greene Reid & Pomeroy, PLLC — in Liverpool with her son after schools went remote.
Bridgette had been living in New York City and continues to work remotely as a publicist for ABC — working on shows such as “American Idol”, “Jeopardy!”, and “The Conners” — and at Robin Roberts’ Rock n’ Robin Productions. She has also worked on “Good Morning America” and on the final season of “The Oprah Winfrey Show.” Now, though, Maney is a full-time Liverpool resident and happy to be here.
“I showed up with a backpack, I thought I’d be here for three weeks,” Maney quips. That was in the spring of 2020. She had been practicing yoga for 20 years and had private clients in New York City. So when she saw the “For Rent” sign at the 2,500-square-foot space at 101 1st St. in the village of Liverpool — a space her sister told her had formerly been a yoga studio — Maney says she “took a leap of faith”.
Maney’s background in PR helped her with the launch of Samadhi Yoga, but she says many of her outreach programs — like free classes in Washington Park through the summer months — were motivated more by “[feeling] really strongly about making yoga accessible to anyone who wants to try it.”
Maney says it was difficult to grow her business at first thanks to COVID-19-related occupancy restrictions. But after adding the neighboring unit for more studio space and offering virtual sessions, she says she’s been able to grow the studio’s client base, which has been “very exciting.” She adds that most members are now coming to classes in-person, of course following applicable state and local guidance on masks and other safety measures.
While Maney is the only employee at Samadhi, four other instructors host classes and sessions including vinyasa and gentle yoga, as well as massage therapy, astrology and tarot-card readings, and Reiki, a Japanese hands-on healing technique. In vinyasa-style yoga, students flow from one pose to the next in a more movement-intensive class than gentle yoga, which according to the Samadhi Facebook page is “focus[ed] on breath and stretching.”
Maney and the Samadhi instructors have been working to develop new classes and programs like meditation and sound journeys. Samadhi also held a “holiday pop-up shop” on Dec. 12, when studio members with side businesses — ranging from photography to jewelry to candle making — set up temporary shops inside the studio. The event was free for vendors and open to the public.
Programs like the pop-up shop and yoga in the park stem from Maney’s deep appreciation for the local community. “I’m just so thrilled to be in Central New York, and I’m just blown away by the support,” she says, adding, “we plan to be here for a very long time.”
Classes at Samadhi Yoga Syracuse run every day of the week except Tuesday. Yoga classes are $15 each. according to its website, but class bundles as well as monthly and yearly memberships are available. A one-year unlimited membership costs $80 per month.
Cazenovia College to search for new president as Chesbrough retires
Retirement effective Jan. 14, interim leader starts next day CAZENOVIA, N.Y. — Cazenovia College will have new leadership as the school searches for a president in 2022. Ron Chesbrough, who has served as college president since July 2016, plans to retire Jan. 14, the school announced Dec. 7. In addition, the Cazenovia College board 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.
Retirement effective Jan. 14, interim leader starts next day
CAZENOVIA, N.Y. — Cazenovia College will have new leadership as the school searches for a president in 2022.
Ron Chesbrough, who has served as college president since July 2016, plans to retire Jan. 14, the school announced Dec. 7.
In addition, the Cazenovia College board of trustees has appointed David Bergh, Cazenovia’s current executive VP, to serve as interim president as of Jan. 15.
The board of trustees will also begin the process for selecting a permanent president, according to Ken Gardiner, the board chairman.
Chesbrough retiring
Chesbrough’s retirement from Cazenovia comes after 35 years in higher education executive, administrative, and student-facing program capacities at a variety of educational institutions in several states.
He came to Cazenovia from St. Charles Community College in Missouri.
Chesbrough said his appointment as president at Cazenovia College “capped” his professional career in higher education and represented a “homecoming” for the career educator, who is originally from Northern New York.
“The board of trustees greatly appreciates the opportunity we’ve had to work with Dr. Chesbrough over the past five-plus years,” said Gardiner. “He has been a productive, positive, innovative presence for the College and has led us capably and unfailingly through difficult times. His leadership through COVID has prepared us well and strengthened the College for its next chapter. While we will miss him, we wish him the best on a deserved and well-earned retirement.”
Chesbrough called his time serving the board, students, faculty, and staff of Cazenovia College “an honor and a privilege.”
“As I have said many times, this is a special place with special people,” said Chesbrough. “I am confident in a strong future for the college. I am grateful for the support of many and particularly grateful to have someone in Dave Bergh ready and able to step into the role of interim president. Dave and I have worked together for many years; he has my complete confidence, a view that I believe is shared by many.”
During Chesbrough’s term, Cazenovia College launched the first-ever graduate program in its 197-year history — a master’s degree in clinical mental health counseling. In addition, Chesbrough’s efforts “managed to keep [the school’s] operations and financials steady” during two years of COVID-related challenges, including securing “significant” Federal CARES Act funds for students and the college.
The school also established the President’s Commission on Equity and Diversity during Chesbrough’s time.
About Bergh
Bergh has more than 25 years of experience in higher-education leadership and administration.
He joined Cazenovia College in 2016 as VP for planning and institutional effectiveness and became executive VP in 2019.
In this role, the Central New York native was responsible for revising the college’s governance structure; developing and implementing the institutional strategic plan; and for oversight for admissions, institutional research and assessment, human resources, athletics and recreation, the Equine Education Center, and Catherine Cummings Theatre operations, per the college’s news release.
Syracuse small businesses can apply for pandemic-relief loans
SYRACUSE, N.Y. — Interested Syracuse small businesses have until Dec. 31 at 12 p.m. to apply for loans as part of the first round of new small-business lending programs funded by the American Rescue Plan Act (ARPA). The Syracuse Economic Development Corporation (SEDCO) on Dec. 3 started accepting applications for the $1 million that’s available
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. — Interested Syracuse small businesses have until Dec. 31 at 12 p.m. to apply for loans as part of the first round of new small-business lending programs funded by the American Rescue Plan Act (ARPA).
The Syracuse Economic Development Corporation (SEDCO) on Dec. 3 started accepting applications for the $1 million that’s available for those loans through three programs.
The funds will support small-business development, assist in the ongoing recovery from the COVID-19 pandemic, and foster new growth.
This is the city’s largest pandemic-relief program for small businesses, according to Syracuse Mayor Ben Walsh. The funds are designed to support both small businesses as well as eligible nonprofit organizations, he added.
“We’ve tried very hard since the beginning of the pandemic to make sure that we’re getting resources into the hands of local businesses and specifically small businesses to make sure that they can weather this storm during the pandemic and be in a position to be successful and to grow as we come out of the pandemic,” says Walsh.
He made the announcement at Southside Fitness in the Valley Plaza at 4141 S. Salina St. in Syracuse.
“We structured these programs in a way that we believe is going best position our small-business community to both weather the continued storm of the pandemic, the economic challenges, but also [to] look ahead, look to the future, and certainly look to the City as an ally in how we expand and grow our businesses,” says Eric Ennis, deputy commissioner of business development with the City of Syracuse.
Funds available
SEDCO has three funds to provide financial support for small businesses and eligible nonprofit organizations to address the “economic hardship experienced by the Syracuse community.”
Businesses with 10 or fewer employees that are part of an industry or location that has dealt with economic hardship are eligible for the Micro-Enterprise Fund with a maximum loan size of $5,000.
Businesses with 50 or fewer employees that have had a decline in sales and/or are located in an ARPA-eligible census tract are qualified for the Small Business Assistance Fund with a maximum loan size of $25,000.
Businesses, nonprofit organizations, or development entities with 50 or fewer employees that are creating capital investment resulting in renovation or other physical real-estate improvements are eligible for the Community Impact Fund with a maximum loan size of $200,000.
Details on the program and the application process, including an initial intake questionnaire that must be completed by interested applicants, can be found at
www.syrgov.net/SEDCO_HOME.aspx.
After an applicant has completed the online SEDCO Funding Intake Questionnaire, spoken with a staff person, and provided all supporting documents, the applicant can submit the information for review by email at business@syrgov.net or by mail to Syracuse Economic Development Corp., 201 East Washington St., Suite 612, Syracuse, N.Y. 13202, per Walsh’s office.
CEO FOCUS: Partners Launch Syracuse Surge Training Programs
Will connect talent to in-demand careers Finding talent continues to be a challenge for many employers. At the same time, there are people right here in our community looking for opportunities. To address this disconnect CenterState CEO has partnered with the City of Syracuse, Onondaga County, business leaders, and educational institutions — including Le Moyne
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.
Will connect talent to in-demand careers
Finding talent continues to be a challenge for many employers. At the same time, there are people right here in our community looking for opportunities. To address this disconnect CenterState CEO has partnered with the City of Syracuse, Onondaga County, business leaders, and educational institutions — including Le Moyne College, Syracuse Educational Opportunity Center, OCM BOCES, and Onondaga Community College — to launch a series of Syracuse Surge-led workforce training programs. More information is available at: https://www.centerstateceo.com/about-us/partners-programs/syracuse-surge.
The goal of these training and advancement programs is to create pathways to in-demand, local careers with opportunities for training, career exploration, and networking. All the programs directly support the Syracuse Surge initiative, which is an unprecedented series of investments in tech infrastructure and talent to position Syracuse as a global leader in the new high-tech economy. Surge was initiated by the City of Syracuse, in collaboration with Onondaga County and leading local institutions and leads programs designed to drive inclusive growth through talent and workforce development, XBE business (minority-, women-, veteran- and disability-owned business enterprises) development, and community engagement.
More than 300 people are expected to participate in the series of training programs by the end of next year. The programs are made possible through investments from a number of public and private sources including the American Rescue Plan Act, Onondaga County, the Work Train Funder Collaborative, and JPMorgan Chase Foundation. Programs include electrical-mechanical technician, surge-advanced manufacturing, surge-software apprenticeship, digital customer service, and undergraduate certificates in cybersecurity fundamentals and computer programming. Most participants will earn a stipend funded by the American Rescue Plan Act.
To learn more about the programs and how your company can partner in these efforts, contact Aimee Durfee, director of workforce innovation at CenterState CEO at adurfee@centerstateceo.com.
Robert M. Simpson is president and CEO of CenterState CEO, the primary economic-development organization for Central New York. This article is drawn and edited from the “CEO Focus” email newsletter that the organization sent to members on Dec. 2.
Le Moyne leader LeMura’s contract extended through 2026
SYRACUSE, N.Y. — Le Moyne College President Linda LeMura plans to continue leading the college past the middle part of the decade. Le Moyne on Dec. 14 said its board of trustees recently approved a four-year extension for LeMura, prolonging her tenure through June 30, 2026. LeMura, the college’s 14th president, has been at Le
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. — Le Moyne College President Linda LeMura plans to continue leading the college past the middle part of the decade.
Le Moyne on Dec. 14 said its board of trustees recently approved a four-year extension for LeMura, prolonging her tenure through June 30, 2026.
LeMura, the college’s 14th president, has been at Le Moyne since July 1, 2014. No financial terms of her contract were disclosed by the school.
A Syracuse native, LeMura is the first female layperson to be named the president of a Jesuit institution of higher education in the U.S., according to Le Moyne. Prior to her appointment as president, she served the college as provost and VP for academic affairs from 2007-2014 and dean of the College of Arts and Sciences from 2003-2007.
If she continues through 2026, she will eclipse the 11 years (1964-1975) served by Le Moyne College’s fifth president, William L. Reilly.
“I am very pleased that Dr. LeMura will lead Le Moyne College for many more years and will likely become the longest-serving president in the College’s history,” Robert Reklaitis, chair of the Le Moyne College board of trustees, said. “She has proven to be a transformational leader who is beloved and respected by our students, faculty, alumni, and other constituencies. Through her leadership in national and international organizations, she has become a respected advocate for the Catholic and Jesuit educational mission. She has also become a pillar of the Central New York community by working with local leaders on programs to alleviate poverty, improve social and economic mobility, and create strong economic development programs.”
Le Moyne says it has achieved “record-breaking” enrollment and fundraising under LeMura. Earlier this year, the college completed the $100 million Always Forward capital campaign, the largest in its 75-year history.
She has overseen the enrollment of seven “historically large” classes, and the Le Moyne endowment has grown to a record $250 million, per the release.
During LeMura’s tenure, the Le Moyne received naming gifts for the Purcell School of Professional Studies and the McNeil Risk Management and Insurance Institute. New programs include the school’s first doctorate, an Ed.D. in executive leadership; and its second, a doctor of nursing practice, which the school will start in 2022. In addition, Le Moyne has added master’s programs in occupational therapy and family nurse practitioner.
“My time on the Heights has been priceless,” LeMura said. “I am thankful for the support of the board and our devoted alumni. I am inspired by our faculty of teacher-scholars, many of whom I hired as dean and provost. Their dedication to our students brings me joy… We have much more to accomplish for them and for the generations who will follow.”
Syracuse, Oneida, Endicott, Norwich awarded DRI funding
The cities of Syracuse, Oneida, Norwich, and the village of Endicott will each use $10 million in state awards as part of the fifth round of New York’s Downtown Revitalization Initiative (DRI). In DRI round five, New York is awarding each of the state’s 10 regional economic-development regions $20 million for a total state commitment of $200
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 cities of Syracuse, Oneida, Norwich, and the village of Endicott will each use $10 million in state awards as part of the fifth round of New York’s Downtown Revitalization Initiative (DRI).
In DRI round five, New York is awarding each of the state’s 10 regional economic-development regions $20 million for a total state commitment of $200 million in funding to help communities boost their post COVID-19 economies by transforming downtowns into vibrant neighborhoods.
Syracuse and Oneida are the Central New York region winners in the DRI fifth round, and Endicott and Norwich are the Southern Tier winners.
Matthew Driscoll, executive director of the New York State Thruway Authority and a former Syracuse mayor, on Dec. 8 announced the Syracuse funding at Syracuse Community Connections at the Southwest Community Center at 401 South Ave.
“This particular grant award program is really going to help transform the southwest portion of the city by connecting underinvested neighborhoods to participate in the greater economic revitalization efforts that are taking place in the city,” Driscoll said in his remarks at the Southwest Community Center.
New York State Canal Corp. Director Brian Stratton on Dec. 7 announced Oneida’s grant at Oneida City Hall, along with other officials.
“The City of Oneida has already completed a variety of projects in the historic downtown and we have many more currently in different stages of development,” Oneida Mayor Helen Acker said. “The Downtown Revitalization Initiative funding will jump start additional private sector projects that are ready to implement immediately upon the award of funds.”
Endicott, Norwich reaction
Erik Kulleseid, commissioner of New York Parks, Recreation and Historic Preservation, on Dec. 8 announced the DRI awards at the Endicott Welcome Center and at Commerce Chenango in Norwich. Both Endicott and Norwich are the Southern Tier winners in the fifth round of DRI, per the office of Gov. Kathy Hochul.
“The Village of Endicott is a community on the rise,” Endicott Mayor Linda Jackson said in a state news release. “The DRI funds will increase our momentum and expand our current investment bringing continued economic growth and transformation to our Village.”
Norwich Mayor-elect Brian Doliver called it “an amazing day for Norwich.”
“I am grateful not only to Gov. Hochul for her support of our downtown, but to the many dedicated community members who worked hard to put forth this vision. I look forward to working with the entire community to develop projects to help begin a bright new chapter for Norwich.”
Next steps
The communities will now begin the process of developing a strategic investment plan to revitalize its downtown with up to $300,000 in planning funds from the $10 million DRI grant.
A local planning committee made up of municipal representatives, community leaders, and other stakeholders will lead the effort, supported by a team of private-sector experts and state planners.
The strategic investment plan will examine local assets and opportunities and identify economic development, transportation, housing, and community projects that align with each community’s vision for downtown revitalization and that are poised for implementation.
The strategic investment plan will guide the investment of DRI grant funds in revitalization projects that will advance the community’s vision for its downtown and that can leverage and expand upon the state’s $10 million in funding.
Plans for the DRI’s fifth round will be complete in 2022, the office of Gov. Kathy Hochul said Dec. 8.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.