Sikorsky Aircraft wins $99 million Navy contract; work to be done in Owego

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OWEGO, N.Y. — Sikorsky Aircraft Corp., a Lockheed Martin company, was recently awarded a $99.25 million cost-plus-fixed-fee, cost reimbursable, indefinite-delivery/indefinite-quantity contract. This pact provides products and support required to rapidly integrate and field VH-92A aircraft simulators and trainers in support of the Presidential Helicopter Program, according to a Feb. 17 contract announcement from the U.S. […]

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NYSDOT will move roundabout in I-81 project; also foresees higher cost, longer timeframe

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SYRACUSE, N.Y. — Those who spoke out against a roundabout near a Syracuse elementary school have influenced a change in the upcoming Interstate 81 viaduct-replacement project. The roundabout near Dr. King Elementary School in the Interstate 81 (I-81) viaduct-replacement project will move to a different location. In addition, the project will also cost more than

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SYRACUSE, N.Y. — Those who spoke out against a roundabout near a Syracuse elementary school have influenced a change in the upcoming Interstate 81 viaduct-replacement project.

The roundabout near Dr. King Elementary School in the Interstate 81
(I-81) viaduct-replacement project will move to a different location.

In addition, the project will also cost more than expected and take longer to complete as well.

That’s according to officials with the New York State Department of Transportation (DOT), who held a Feb. 18 media briefing on the project at the Senator John H. Hughes State Office Building at 333 East Washington St. in Syracuse, next to Syracuse City Hall.

State and federal officials favor the community-grid alternative for the project, Mark Frechette, I-81 project team director, noted at the start of his remarks. It would deconstruct a section of I-81 in downtown Syracuse and redirect highway traffic to I- 481. A portion of I-690 near the current intersection with I-81 would also be rebuilt and a boulevard-like Business Loop 81would be created in downtown.

Roundabout move

The DOT plans to move the roundabout that was originally proposed near the Dr. King Elementary School to the Van Buren Street area near Renwick Avenue, which is near the Syracuse University campus.

“One of the topics we heard much from the community about was the roundabout and specifically, the location of the roundabout,” Frechette said.

He went on to say the DOT has analyzed a number of locations for the roundabout and officials believe moving the roundabout from the MLK area to Van Buren Street will help “calm traffic” and provide that same transition from high speeds to slower speeds as drivers enter the community grid.

The DOT wanted to install a roundabout on the south side of the city to help transition drivers traveling at high speeds coming into the city after traveling on the interstate. When they hit the community grid section, they would be traveling at a reduced speed of 30 miles per hour.

“We found the roundabout to be a good transportation solution to assist in that,” Frechette said.

In a statement issued just hours after the briefing, Syracuse Mayor Ben Walsh said the DOT briefed him on the proposed move of the I-81 roundabout location.

“I appreciate that NYSDOT heard the concerns of the community on the proposed roundabout next to Dr. King Elementary School and I’m encouraged by their new plan to relocate it. I look forward to reviewing the updated plans in more detail and continuing to work alongside NYSDOT and city residents to ensure we maximize the community benefit on this transformational project,” Walsh said.

Project cost increase

The DOT and Federal Highway Administration (FHWA) have increased the cost of the I-81 viaduct-replacement project to $2.25 billion, up 12.5 percent from the original cost estimate of $2 billion, Frechette said.

They’re also extending the construction duration from five years to six years. The details will be part of the upcoming final environmental-impact statement that the DOT will release this spring.

“I will also mention that the viaduct replacement that is carried in the document also went up in cost and the construction duration also would take longer. That’s really a result of what we’re experiencing with getting steel … concrete and a lot of the risks that are posed to us now,” Frechette added.

He noted the cost increase “in an effort to remain open and transparent and applying some of the project risk” that had been discussed during a meeting last November with the FHWA and national subject matter experts.

The meeting was part of the requirement that agencies have to meet to prepare a cost-scope risk assessment.

“We applied a variety of risks that we could encounter within the next five to six years. Those risks include inflation. Those risks include supply chain and material availability; price volatility (what’s happening in the market with prices); contractor and workforce availability in Central New York,” Frechette said.

Launch NY Seed Fund to benefit from foundation’s $3M investment

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“As a result of ongoing support from the Ralph C. Wilson, Jr. Foundation starting in 2016, we have grown to meet demand in our community for mentorship and capital to help entrepreneurs make their new business ideas a reality. Together, we are contributing to new-economy jobs in our region while simultaneously building the most active seed fund in New York State and one of the most active in the country, investing in two-to-four companies every month,” Marnie LaVigne, president and CEO of Launch NY, said in a release. “With the Wilson Foundation’s support, entrepreneurs can now build their business right here in Upstate New York, when previously they had to leave the region or let their great ideas die on the vine.”

This is the third grant made to Launch NY by the Wilson Foundation, following its awards of $2.5 million in 2016 and $4.5 million in 2019, for a total investment of $10 million over eight years.

“This new award will be critical in expanding our team, which is providing unique diversity, equity and inclusion programs and building even more capital access through our growing array of #InvestLocal financing programs, which only seems fitting, since the Foundation really made it all possible starting with our first award in 2016,” LaVigne said. “Launch NY is committed to ensuring that we serve high-growth startups with a team that is as diverse and driven as the founders and their businesses.”

“Launch NY continues to play a key and impactful role in the entrepreneurial ecosystem of the region,” Jim Boyle, VP of programs and communications at the Ralph C. Wilson, Jr. Foundation, said. “This additional funding will ensure continued business advisory services are provided to high-growth entrepreneurs and help move the region closer toward inclusive, economic prosperity.”

Investments made by Launch NY’s Seed Fund since it started in 2016 totaled $4.3 million as of Dec. 31, 2021. Those investments have enabled its portfolio companies to raise an added $85.2 million — “nearly 20 times more” — in follow-on funding from outside investors. The follow-on capital raised by its portfolio companies came from angel investors, venture-capital firms, and other institutional investors.

To date, Launch NY’s #InvestLocal financing programs have funded 77 startup companies, the organization said. These companies have created 438 jobs, attracted $85.2 million in co-investment and follow-on capital, and generated more than $22.3 million in revenue.

Forty-three percent of Launch NY’s portfolio companies are women- and/or minority-led ventures, it noted. 

New York home sales slip in January, CNY sales mixed

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ALBANY, N.Y. — New York realtors sold 10,935 previously-owned homes in January, down 5.4 percent from the 11,565 homes they sold in January 2021, as the industry grappled with record-low inventory. Pending sales in January edged up 0.6 percent to 9,698 from 9,639 a year prior, pointing to a possible reversal of sales declines in

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ALBANY, N.Y. — New York realtors sold 10,935 previously-owned homes in January, down 5.4 percent from the 11,565 homes they sold in January 2021, as the industry grappled with record-low inventory.

Pending sales in January edged up 0.6 percent to 9,698 from 9,639 a year prior, pointing to a possible reversal of sales declines in coming months.

The data comes from the New York State Association of Realtors (NYSAR)’s January housing-market report issued Feb. 18.

“Inventory of homes for sale dropped to historically low rates in the beginning of 2022 while home prices continue to rise across the Empire State,” NYSAR said.

New York sales data

Amid the constrained supply of homes available for purchase, house prices continued to leap higher. The January 2022 statewide median sales price was $396,500, up more than 13 percent from the January 2021 median sales price of $350,000, and over 34 percent higher than the median price of $295,000 two years ago.

The months’ supply of homes for sale at the end of January stood at 2.3 months, down more than 36 percent from 3.6 months at the end of January 2021, per the NYSAR report.

A 6 month to 6.5-month supply is considered to be a balanced market, the association said.

The number of homes for sale totaled 29,535 in January, down more than 30 percent from 42,383 homes in January 2021 and off almost 55 percent from 54,070 homes in January 2020.

Central New York data

Realtors in Onondaga County sold 348 previously owned homes in January, down 3.1 percent from the 359 homes sold in the same month in 2021. The median sales price rose 9.5 percent to $180,700 from $165,000 a year ago, according to the NYSAR report.

The association also reports that realtors sold 162 homes in Oneida County in the first month of 2022, up 8.7 percent from 149 homes sold in January 2021. The median sales price increased 19.4 percent to $179,140 from $150,000 a year earlier.

Realtors in Broome County sold 133 existing homes in January, down 6.3 percent from 142 a year before, according to the NYSAR report. The median sales price fell 2.7 percent to $129,900 from $133,500 a year prior.

In Jefferson County, realtors closed on 85 homes in January, down 18.3 percent from 104 in January 2021, while the median sales price of $176,300 this January was up 7.5 percent from $164,000 in the year-ago month, according to the NYSAR data.

All home-sales data is compiled from multiple-listing services in New York state, and it includes townhomes and condominiums in addition to existing single-family homes, according to NYSAR.

Birch Wealth Management adds employee, plans growth

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ROME, N.Y. — With the philosophy that everyone deserves a financial planner, whether they are close to retiring or just starting their careers, Iris Buczkowski founded Birch Wealth Management in September 2019. Since then, she has grown her firm to $40 million in assets under management and recently added a full-time employee. Birch Wealth is

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Since then, she has grown her firm to $40 million in assets under management and recently added a full-time employee. Birch Wealth is located at 414 N. James St. in Rome.

While she still has her own business goals, the true focus, Buczkowski says, is providing goal-based planning to her customers.

“I just love what I do,” she says. “I don’t feel like I’m working. I spend my day helping people.” And by people, she means everyone from high-net worth individuals to emerging professionals.

Buczkowski also believes in helping her community. She serves on the board of the Kelberman Center in Utica, which provides services for people with autism, and also the board of the Rome Area Chamber of Commerce. She also works closely with the Golisano Special Needs Center at Upstate Golisano Children’s Hospital in Syracuse.

That community involvement and being available to meet with clients throughout the COVID-19 pandemic in whatever way worked best for them have both benefitted her business, Buczkowski says.

“I never shut my doors,” she notes. The pandemic shuttered much of the state just six months after she opened her business, but she felt it was essential to be there for her clients. If they wanted to meet in person, she made sure they could safely do so. If a client preferred to have a Zoom meeting instead, she did that, too.

Buczkowski found that many of her clients, especially new ones, wanted to meet in person and that some new clients chose her over another firm because they could meet face to face.

About 90 percent of Birch Wealth clients come through referrals from existing clients. About 20 percent of clients are people Buczkowski has worked with throughout her almost two decades in wealth management. The other 80 percent are new-to-her clients.

At the end of 2021, Buczkowski added Noah Hartung to the staff. The addition will help her work toward her future goals for the firm.

“When I started this firm, I told myself I wanted to be a $100 million firm by five years,” she says. She envisions eventually employing 10 to 15 people. Buczkowski wants people to know who she is and know the Birch Wealth brand.

She chose birch for the business name after learning that birch trees are a symbol of new beginnings and that to Native Americans, the birch is a symbol of resilience.

“I think a new beginning is great, but resilience is even better,” she says.

Birch Wealth (www.birchwealth.com) offers a full array of financial-planning services including individual retirement planning, small business retirement planning, income planning, tax planning, education planning, estate planning, business-succession planning, portfolio management, wealth-accumulation strategies, and special-needs planning.

North Country projects get boost from National Grid grants

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Economic-development projects involving Watertown Public Square, a boost for the Drum Country NY marketing program, and a Potsdam business renovating an adjacent building were among those National Grid helped fund last year. The energy company said it invested a total of more than $2.6 million in economic-development funding in 2021 in Central and Northern New York aimed

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The energy company said it invested a total of more than $2.6 million in economic-development funding in 2021 in Central and Northern New York aimed at growing the regional economy.

National Grid has a portfolio of economic-development programs to restore vacant buildings, “revitalize” commercial corridors, and remediate brownfields to spur new business, expansion, and job growth.

“National Grid is more than just an energy delivery company,” Alberto Bianchetti, regional director for National Grid, said in a release. “We contribute to the engine powering the local economy by incentivizing projects that remediate and revitalize brownfields and vacant storefronts, promote entrepreneurship, and keep businesses in Central New York. These investments fuel economic growth, job creation and retention, and new business opportunities that have a positive impact on everyone living in the region.”

Watertown Public Square project

A renovation project on Court Street in Watertown’s Public Square is converting a vacant building to a multi-purpose space. Developer S&J Properties, LLC is renovating the buildings located at 168-170 Court St. to house a restaurant and event space. Upper floors will have market-rate apartments.

The structure, built in the 1870s, is one of three projects on Court Street and a half-dozen on the Public Square to receive support from National Grid. Funding for the project is provided by the Main Street Revitalization program, National Grid said.

Drum Country NY marketing program

The Drum Country NY Coalition has created marketing tools to support its ongoing external outreach for a business-attraction campaign. The Drum Country NY Coalition includes the Development Authority of the North Country, Lewis County Economic Development, the Jefferson County and St. Lawrence County Industrial Development Agencies, Ft. Drum Regional Liaison Organization, and National Grid.

Funds from National Grid and the federal Office of Local Defense Community Cooperation were used to redesign the Drum Country website, create new collateral materials and deploy a social-media campaign. The agencies used more than $33,000 from the Strategic Economic Development Outreach program. The program supports expertise and capacity for research, marketing, and sales efforts to attract new businesses to the region, National Grid said.

Potsdam building renovation

Summit Storage and Business Solutions of Potsdam renovated a vacant building adjacent to its property in Potsdam into an energy-efficient workspace and secure document-shredding facility. The project added 10,250 square feet of self-storage units to its business.

The vacant building was gutted, renovated, and crews built a new building façade and entryway. The project also added a roadside LED (light-emitting diode) sign.

New York egg production dips nearly 1 percent in January

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New York farms produced 146.6 million eggs in January, down 0.95 percent from 148 million eggs in the year-prior period, the USDA’s National Agricultural Statistics Service (NASS) recently reported. The number of layers in the Empire State averaged almost 5.75 million in January, a drop of 0.7 percent from nearly 5.79 million in the same month in

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Program offers information on launching a food-based business

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ROME, N.Y. — For everyone that whipped up some sourdough bread while in lockdown and thought, “I should sell this,” Cornell Cooperative Extension of Oneida County has just the program to help make that happen. The From Recipe to Market program, in partnership with Mohawk Valley Community College’s Rome campus, kicks off March 9 and

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The From Recipe to Market program, in partnership with Mohawk Valley Community College’s Rome campus, kicks off March 9 and teaches aspiring food-business entrepreneurs what they need to know to bring their dream to reality.

“The idea of the course is to give people a peek behind the wizard’s curtains into running a business about food products,” says Beth Irons, Oneida County Public Market manager and agricultural incubator kitchen manager at Cooperative Extension.

It’s an opportunity for those people who make those delicious cupcakes everyone says they should sell to see just what is involved in the process, Irons says.

“People who go into these kinds of businesses do it through their passion,” she says. This program helps connect their passion with a plan.

The six-part workshop series, which starts March 9, meets every Wednesday from 5:30-8:30 p.m. and covers a wealth of topics including the various legal requirements, how to develop a business plan, how commercial kitchens work, food safety, and marketing, or as Irons likes to say, “Once you get it on the shelf, how are going to get it off the shelves.”

Every food product is different, and the process for selling maple syrup, for example, won’t necessarily be the same as it is for selling baked goods. The program teaches participants where to go to learn the requirements for their particular product.

On top of learning what it takes behind the scenes to launch a food product, participants will also tour the commercial kitchens at MVCC’s Rome campus and get a taste for what it’s like to produce commercial-sized batches of a product. Making a 60-gallon batch of salsa in a commercial kitchen is much different than making a small batch at home, Irons notes.

Participants will also practice their product pitch, which is important, Irons says. “They need to be able to talk about their product if they want to sell their product,” she says.

One of the most-important elements of the program is the professional network of contacts it introduces participants to, Irons says. For those who go onto the next steps of the process, they will already have contacts at commercial kitchens and more to help them. “We’re already putting them in touch with the right people to take the next steps,” Irons notes.

While she didn’t name specific businesses, Irons says past participants in the program have included producers of salsa, pizza sauce, and specialty baked goods such as gluten-free or vegan products. This spring is the fourth time Cornell Cooperative Extension of Oneida County has offered the program.

Some have gone on to bring a product to market, while others have opted not to, Irons says. “This helps someone who thinks they want to start an ag-based business decide if they want to take the next step.”

For Rebecca Spartano, of Utica, the program was an informative and eye-opening experience. She participated in the spring 2021 program to learn more about brining her hummus recipe to market.

“It was a lot of information, and it was awesome actually,” she says. While Spartano wasn’t completely in the dark about what was required, the wide variety of topics brought a wealth of information on government regulations, packaging, mass production, and more.

Before the program, she didn’t understand many of the government regulations or know how to go about finding a commercial kitchen with which to partner.

“You have no idea what’s really involved, and you should really take this course,” Spartano says to prospective food entrepreneurs. The information learned will help prevent mistakes and provide an ongoing support network.

Ultimately, Spartano decided not to move forward with her idea. “It wasn’t the right product, and it wasn’t the right time,” she notes. But she still has a binder full of information and a list of contacts if she has another idea in the future.

The program, which costs $75 per person currently, typically takes about 15 participants each time it’s offered.

Three North Country businesses transition to younger ownership

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Three businesses in Franklin County are remaining “active in their communities for years to come” with the involvement of young entrepreneurs and local economic-development organizations. The businesses are Little Town Lanes and Martin’s Handmade Pretzels in Moira and Happy Camping RV in Vermontville. The Franklin County Economic Development Corp. (FCEDC) worked with the new owners of the

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Three businesses in Franklin County are remaining “active in their communities for years to come” with the involvement of young entrepreneurs and local economic-development organizations.

The businesses are Little Town Lanes and Martin’s Handmade Pretzels in Moira and Happy Camping RV in Vermontville.

The Franklin County Economic Development Corp. (FCEDC) worked with the new owners of the three businesses to develop customized plans that met “their business transition and financing needs.”

FCEDC is a partner organization of the North Country Center for Businesses in Transition (CBIT), which is a program of the Adirondack North Country Association (ANCA), according to an ANCA news release.

CBIT noted that younger entrepreneurs are “often unable to access” the capital they need to purchase an existing business.

“We are honored to support the next generation of business leaders in Franklin County,” Russ Kinyon, director of economic development at FCEDC, said. “These entrepreneurs bring valuable experience and energy to our local businesses and the communities they serve. We’re excited to see how they shape and grow these businesses into the future.”

An estimated 10,000 to 16,000 businesses in New York’s North Country region are expected to close or change hands in the next decade as their owners enter retirement, ANCA said.

Helping the transitions

Over the last three years, Kinyon and Jeremy Evans, FCEDC’s CEO, have been working with business owners to identify and address their financing needs. The agency has expanded its existing gap-lending programs to offer more flexible terms and specialized services for entrepreneurs.

“In our work connecting retiring business owners with possible successors, we find again and again that access to capital is a major hurdle when purchasing an existing business, even when the interested buyer is an employee who is well positioned to take over,” Danielle Delaini, ANCA’s entrepreneurial program director, said. “Russ and Jeremy’s work with these young entrepreneurs has been instrumental in making these transitions possible.”

For example, Max and Veronica Nason had been working at Happy Camping RV in Vermontville for six years when they learned of the opportunity to purchase the business.

“Going through the usual avenues to secure funding to buy was a huge challenge. We are younger, and no banks wanted to take us on with a reasonable offer that would put us in a good position,” Max Nason said. “Russ and Jeremy were extremely knowledgeable, and they were rooting for us throughout the entire process. They saw our vision to not only purchase the business, but also to build a new service garage and expand. They worked hard to help us secure the funding we needed.”

As for Jeremy Bonville, he spent “countless hours” bowling at the local alley in Moira as a child, and he eventually went on to join the venue’s staff. When his employers announced they were ready to retire two years ago, he began the process of purchasing and renovating Little Town Lanes.

“This has been a huge improvement for the business. The lanes had the same look for 20 years, so it was a major change,” Bonville said, noting the updates will allow the venue to support more special events and bowling competitions. “We hope to continue to grow the business and provide our community with a safe place to have fun with friends and family.”

In addition, Martin’s Handmade Pretzels in Moira changed hands last year when Josiah Martin purchased his grandparents’ pretzel bakery with help from his father, Justus. The family business has been in operation since 1935 and in 2019 relocated from Theresa in Jefferson County to western Franklin County.

After a fire in 2020 heavily damaged the bakery and country store, Martin’s completed a major renovation and reopened in December 2021.

The business aims to employ at least 12 staff members who will make “hundreds of thousands” of pretzels every year to be sold locally and at established markets in New York City and across the country, ANCA said.

FCEDC partners assisted Martin throughout the transition process with referrals to regional resources, connections to stakeholders, and support promoting the new business.

“For me and my family, the ability to do what we love and share it with others is a legacy we all want to be part of,” Martin said. “Personally, it is very fulfilling to be back in operation and continue the family tradition for another generation.”

Available assistance

Besides FCEDC, other CBIT organizations that offer flexible loan services for transitioning businesses include the Adirondack Economic Development Corporation, Essex County Industrial Development Corporation, Hamilton County Economic Development, and Lewis County Economic Development.

CBIT is planning its second Small Communities. Big Opportunities conference in February 2023. The event will provide business owners and potential buyers opportunities to connect with each other and learn from experts and business owners who have been through the transition process.

In 2022, CBIT will continue its Plan for the Future workshop series and Sellers Working Group and offer a new Train-the-Trainer Program that provides staff from economic-development organizations, chambers of commerce, and nonprofits with skills to support owners who are preparing for succession.

CBIT was established by ANCA in 2018 with grant funding from the Northern Regional Border Commission and is currently partially funded by a grant from the United States Department of Agriculture’s Rural Community Development Initiative, per the ANCA release.

B&L makes two senior-level promotions in Watertown office

Construction, Design & Real Estate, Employee Benefits & Human Resources, Energy, Environment & Sustainability, Manufacturing & Engineering, People on the Move, Regional News, Subscriber Only

WATERTOWN, N.Y. — Barton & Loguidice, D.P.C. (B&L) — a regional engineering, planning, environmental, and landscape architecture firm — announced that two employees in its Watertown office have received a senior-level promotion in 2022. Dustin J. Clark, an engineer, has been promoted to associate. He is a member of B&L’s water resources practice area from

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