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

Binghamton professor to use NIH grant to explore serotonin’s role in Parkinson’s disease
VESTAL, N.Y. — A Binghamton University professor will use federal funding for research into serotonin’s role in Parkinson’s disease. When he came to Binghamton in

Brown to retire from Racker at mid-year
ITHACA, N.Y. — Dan Brown will retire from the Ithaca–based nonprofit Racker on July 1, after 27 years of leadership including time as a board

People news: Hedge joins Tompkins Financial Advisors
ITHACA, N.Y. — Tompkins Financial Advisors announced it has hired Ithaca native Matthew Hedge as assistant VP and wealth advisor. In this role, Hedge is

Two Tioga County contractors arrested for not carrying workers’-compensation insurance
APALACHIN, N.Y. — Two Tioga County contractors are under arrest and facing charges for allegedly not having workers’-compensation insurance at three construction projects in Apalachin.

People news: Riger hires Whitaker as production coordinator
BINGHAMTON, N.Y. — Riger Marketing Communications has hired Katlynn Whitaker as production coordinator. She is tasked with producing digital and traditional work and driving client

Ulrich joins NBT agricultural banking team
April Ulrich has joined NBT Bank’s agricultural banking team as VP and senior ag banking relationship manager at the bank’s Capital Regional Financial Center on

ABR Wholesalers expands operations in Syracuse area
SALINA , N.Y.— ABR Wholesalers, Inc. announced that it recently expanded operations at a new location at the Salina Industrial Powerpark. This new location — at 1 General Motors Drive, Unit 11 — provides easier contractor access, a larger warehouse, and new offices, the company said in a Jan. 25 news release. ABR noted that
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SALINA , N.Y.— ABR Wholesalers, Inc. announced that it recently expanded operations at a new location at the Salina Industrial Powerpark.
This new location — at 1 General Motors Drive, Unit 11 — provides easier contractor access, a larger warehouse, and new offices, the company said in a Jan. 25 news release. ABR noted that it will offer an expanded product line, starting this spring.
ABR Wholesalers is a family-owned HVAC wholesale distributor of heating, air-conditioning, ventilation, hydronics, and other products, serving Upstate for more than 50 years. With 120-plus brands of stock, the firm serves contractors in the Southern Tier, Western, and Central New York regions.
ABR has branches in the Rochester, Buffalo, and Syracuse areas. Its local facility used to be located at 222 Teall Ave. in Syracuse, before the company’s move to Salina last Sept. 20.
Lockheed Martin in Owego wins more than $9.7 million contract for Air Force equipment
OWEGO, N.Y. — Lockheed Martin Corp.’s Owego plant has been awarded a contract worth up to $9.7 million for the manufacture of B-2 countermeasure receivers for the U.S. Air Force. It’s a firm-fixed-price, one-year contract from the Defense Logistics Agency, with no option periods. The work will be done in New York and Florida, with
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OWEGO, N.Y. — Lockheed Martin Corp.’s Owego plant has been awarded a contract worth up to $9.7 million for the manufacture of B-2 countermeasure receivers for the U.S. Air Force.
It’s a firm-fixed-price, one-year contract from the Defense Logistics Agency, with no option periods. The work will be done in New York and Florida, with a Nov. 1, 2024, delivery completion date.
The appropriation comes from fiscal 2022 defense working-capital funds. The contracting authority is the Defense Logistics Agency Aviation at Tinker Air Force Base in Oklahoma.
Onondaga County hotel occupancy jumps almost 53 percent in December
SYRACUSE, N.Y. — Onondaga County hotels continued to see a strong business rebound in December with occupancy increasing by more than half compared to the same month in 2020, according to a new report. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county climbed 52.9 percent to 41.2 percent in
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SYRACUSE, N.Y. — Onondaga County hotels continued to see a strong business rebound in December with occupancy increasing by more than half compared to the same month in 2020, according to a new report.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county climbed 52.9 percent to 41.2 percent in December from the year-ago month, according to STR, a Tennessee–based hotel market data and analytics company. It was the 10th straight month of big gains in occupancy, each topping 38 percent. These are the first 10 months in which the year-over-year comparisons were to a month hindered by the COVID crisis. The last year of monthly reports before that showed significant declines in occupancy as the comparisons were to a pre-pandemic month. For all of 2021, occupancy rose 44 percent to 50.2 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, rocketed higher by 93.8 percent to $38.74 in Onondaga County this December from a year earlier. For the full year, RevPar increased more than 74 percent to $50.44.
Average daily rate (or ADR), which represents the average rental rate for a sold room, rose 26.8 percent to $93.96 in December compared to December 2020. ADR went up 21 percent to $100.40 for the entire year.
Broome County hotel occupancy leaps nearly 78 percent in December
BINGHAMTON, N.Y. — Broome County hotels saw another surge in guests in December compared to the year-prior levels that were depressed by the pandemic’s effects, according to a recent report. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county jumped 77.6 percent to 49.8 percent in December, according to STR,
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BINGHAMTON, N.Y. — Broome County hotels saw another surge in guests in December compared to the year-prior levels that were depressed by the pandemic’s effects, according to a recent report.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county jumped 77.6 percent to 49.8 percent in December, according to STR, a Tennessee–based hotel market data and analytics company. It was the 10th consecutive monthly increase in occupancy in the county as the year-over-year comparisons were to a month in 2020 impacted significantly by the COVID-19 pandemic. For the full year, occupancy rose 45.1 percent to 53 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, more than doubled (up 116.1 percent) to $45.50 in December. For all of 2021, RevPar increased 73.2 percent to $49.11.
Average daily rate (or ADR), which represents the average rental rate for a sold room, went up 21.6 percent to $91.33 in the county in the final month of the year. For the entire year, ADR rose 19.4 percent to $92.73.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.