Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
SUNY announces $4 million increase for startup fund Upstate Biotech Ventures
SYRACUSE, N.Y. — SUNY Chancellor John King, Jr. on Wednesday announced a $4 million increase in Upstate Medical University’s startup biotech fund for a total
RaceWay utilizes PAR Technology for new customer-loyalty program
NEW HARTFORD, N.Y. — RaceWay, an Atlanta–based gas station and convenience-store retailer, has selected PAR Technology Corp. (NYSE: PAR) as its technology partner for the
Nation’s first National Semiconductor Technology Center opens in Albany
ALBANY, N.Y. — The country’s first National Semiconductor Technology Center (NSTC) is now open at Albany NanoTech in the Capital Region. The facility has the
New York manufacturing index climbs back into positive territory in July
The general-business conditions index of the Empire State Manufacturing Survey is back in positive territory for the first time since February, rising 22 points in
Wolfspeed names new CFO amid bankruptcy filing
MARCY, N.Y. — Wolfspeed, Inc. (NYSE: WOLF), which operates a silicon-carbide-wafer-fabrication facility in Marcy, has appointed Gregor van Issum as the company’s new chief financial officer effective Sept. 1, the Durham, North Carolina–based company announced. The appointment comes a little over two weeks after Wolfspeed filed for Chapter 11 bankruptcy protection in a move to
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MARCY, N.Y. — Wolfspeed, Inc. (NYSE: WOLF), which operates a silicon-carbide-wafer-fabrication facility in Marcy, has appointed Gregor van Issum as the company’s new chief financial officer effective Sept. 1, the Durham, North Carolina–based company announced.
The appointment comes a little over two weeks after Wolfspeed filed for Chapter 11 bankruptcy protection in a move to reduce its overall debt by $4.6 billion.
“We are excited to welcome Gregor to our team as Wolfspeed enters a new era,” CEO Robert Feurle said in the announcement. “I witnessed Gregor’s strong analytical and leadership skills firsthand during our time working together at ams-OSRAM. Gregor has helped lead large, multibillion euro businesses with complex manufacturing operations, which will be invaluable to Wolfspeed as we unlock the potential of our purpose-built 200mm platform. The board and I look forward to collaborating with Gregor as we position Wolfspeed for long-term growth and profitability.”
Van Issum succeeds interim CFO Kevin Speirits, who will remain with Wolfspeed to ensure a smooth transition. He brings more than 20 years of experience in transformational restructuring and strategic financial positions across the technology industry to Wolfspeed. Van Issum has held senior roles at semiconductor manufacturers ams-OSRAM AG and NXP Semiconductors N.V. Most recently, he served as executive VP, group controller at ams-OSRAM, where he also led the company’s cost-savings programs and sales initiatives in a dual role as the company’s chief transformation and performance officer.
“In this new role, my priority will be providing Wolfspeed’s investors with transparency and clarity, especially during this transformative period,” van Issum said. “Building on recent steps to restructure Wolfspeed’s balance sheet, I will draw on my experience navigating complex business cycles to help create a capital structure that offers agility to respond to rapid shifts in the market. My background in transformation and restructuring also positions me to support Wolfspeed’s strategic focus on improving profitability.”
Van Issum’s appointment follows the addition of David Emerson, who joined Wolfspeed in May in the newly created role of chief operating officer.
Wolfspeed has had a difficult 2025 so far with its stock price tumbling more than 77 percent year to date as of late afternoon trading on July 15.
Binghamton University, Cornell facilities redesignated as Centers for Advanced Technology
VESTAL, N.Y. — Academic facilities at both Binghamton University and Cornell University are among the latest round of designated Centers for Advanced Technology (CATs) across
WHITNEY POINT, N.Y. — New York State Police at Whitney Point arrested a local man on Thursday, July 10, for allegedly making more than $5,800
Leadership Cayuga recruiting for 2026 class
AUBURN, N.Y. — Leadership Cayuga, a civic-leadership program of the Cayuga County Chamber of Commerce, is now recruiting for its 2026 class. Leadership Cayuga is a community program designed to give participants the tools and contacts needed to be an effective leader in Cayuga County. Its graduates are “prepared to make a positive difference in
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AUBURN, N.Y. — Leadership Cayuga, a civic-leadership program of the Cayuga County Chamber of Commerce, is now recruiting for its 2026 class.
Leadership Cayuga is a community program designed to give participants the tools and contacts needed to be an effective leader in Cayuga County. Its graduates are “prepared to make a positive difference in their work and communities,” the chamber contended in its announcement.
The program is open to emerging leaders who live or work in Cayuga County, as well as established leaders new to the area, and promising high school students, the Cayuga County Chamber said in the announcement. All ages are welcome and encouraged to apply.
Leadership Cayuga will begin in September with monthly class days focused on local topics such as economic development, health & wellness, local history, education, and more. The class culminates in May with a project presentation and graduation.
“As a recent transplant to the area, Leadership Cayuga not only helped me to get acquainted with my new home, but helped me to explore all of the ways that I can get involved!” Emma Dailey of the Seward House who graduated from Leadership Cayuga in the Class of 2023, said in the chamber’s announcement.
Recruitment is underway for the 2026 class. More information on the program, including the online application, is available at: http://www.cayugacountychamber.com/get-involved/leadership-cayuga/.
Greater Binghamton Airport completes $54 million renovation project
MAINE, N.Y. — A $54 million project to modernize the Greater Binghamton Airport is complete with a reimagined main terminal that improves traffic flow and
Second flyover ramp along I-481 in Cicero is now open
CICERO, N.Y. — A second flyover ramp connecting Interstate 481 (I-481) northbound (future I-81) to State Route 481 northbound in Cicero opened in time for
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.