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

Binghamton, Cornell aim to attract international businesses to Southern Tier
VESTAL, N.Y. — Binghamton University and Cornell University are working together to entice international companies to bring operations to the Southern Tier and upstate New York. With a federal grant of $1.6 million, Binghamton is partnering with Cornell University’s SC Johnson College of Business on the effort, Binghamton University said in a news release. The
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. — Binghamton University and Cornell University are working together to entice international companies to bring operations to the Southern Tier and upstate New York.
With a federal grant of $1.6 million, Binghamton is partnering with Cornell University’s SC Johnson College of Business on the effort, Binghamton University said in a news release.
The U.S. Economic Development Administration (EDA) awarded the funding and U.S. Senate Majority Leader Charles Schumer (D–N.Y.) announced the award, the university said.
Schumer said the program is estimated to create 365 jobs and generate $2.7 million in private investment.
With the money, Binghamton will develop the Koffman Southern Tier Incubator’s Soft Landing program to attract interested overseas firms.
“The Southern Tier Soft Landing Program at the Koffman Southern Tier Incubator will build on the momentum of the Southern Tier of New York as a hotspot for the development and manufacturing of clean energy technologies by attracting and assisting international companies providing products and services that can help the U.S. meet the administration’s climate goals as well as create jobs,” Per Stromhaug, associate VP of innovation and economic development at Binghamton University, said.
“We, at Cornell, jumped at the opportunity to collaborate on the Southern Tier Soft Landing Program with our partners at Binghamton University and its Center for International Business Advancement,” added Andrew Karolyi, Cornell’s principal investigator on the grant and dean of the Cornell SC Johnson College of Business. “It’s about forging real-life, engaged learning opportunities for our students in which they roll up their sleeves and get to work with the foreign companies attracted to the region to help build out their clean energy technologies.”
It’s not the only time that the U.S. Department of Commerce has recognized the Binghamton area.
Schumer had previously announced that the EDA had selected the Binghamton University-led New Energy New York battery-manufacturing project as a phase 1 awardee and finalist for investment through the American Rescue Plan’s Build Back Better Regional Challenge.
As a phase 1 awardee, the project will receive $500,000 in technical-assistance funds to develop its proposal to compete for a phase 2 implementation grant, worth up to $100 million, to expand research, development, testing, and workforce assets to meet the demand of the emerging battery-manufacturing industry in the Southern Tier and upstate New York, the university said.

Utica College joins esports conference and will build campus esports center
UTICA, N.Y. — Utica College has joined East Coast Conference (ECC) Esports, giving students the opportunity to compete and represent the college on a national stage. In addition, the college will construct a state-of-the-art esports center on campus. The new facility, located in the current Carbone Auditorium in Bull Hall, will feature 30 computer stations
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.
UTICA, N.Y. — Utica College has joined East Coast Conference (ECC) Esports, giving students the opportunity to compete and represent the college on a national stage.
In addition, the college will construct a state-of-the-art esports center on campus. The new facility, located in the current Carbone Auditorium in Bull Hall, will feature 30 computer stations with desktop-gaming systems, a main stage/large screen for gaming competitions, seating for announcers, and couches for spectators.
Utica Esports grew from an offshoot of the college’s Cybersecurity Club in 2019 and has fast become a popular student organization.
“This news is a credit to the members of the Esports Club, who took the initiative and helped us understand the benefits of adding this fast-growing sport to our institution,” Jeffery Gates, Utica College’s senior VP for student life and enrolment, said in a release. “It’s an inclusive sport that will attract a new generation of students and bolster our recruitment and retention efforts.”
The new Carbone Esports Auditorium will give students access to high-tech gaming systems that allow the entire team to play simultaneously.
“Because of the pandemic and some equipment issues members deal with, we’ve never been able to play together as a team in the same physical space before,” said Jared Best, the club’s webmaster and one of its founders. “Being able to high-five your teammate in person will definitely solidify that team aspect, the same way it does in traditional sports.”
The ECC got its start in 2019 with six institutions and has since expanded to 14 schools participating in a growing roster of games and championship events.
Founded in 1946, Utica College (www.utica.edu) enrolls about 3,300 undergraduate and 1,300 graduate students.

Boost OC program awards $3.25M in gift cards for area businesses
UTICA, N.Y. — Oneida County recently wrapped up its Boost OC vaccination-incentive program, awarding $3.25 million to residents in the form of gift cards redeemable at a variety of area businesses. The program launched in September, using $2.5 million in federal American Rescue Act funding to issue $100 gift cards to county residents who received
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.
UTICA, N.Y. — Oneida County recently wrapped up its Boost OC vaccination-incentive program, awarding $3.25 million to residents in the form of gift cards redeemable at a variety of area businesses.
The program launched in September, using $2.5 million in federal American Rescue Act funding to issue $100 gift cards to county residents who received a COVID-19 vaccine or booster shot between July 15 and Dec. 31, 2021. The county then authorized an additional $750,000 for the program, for a total of $3.25 million. In all, over 32,000 county residents received the incentive.
“Boost OC was a tremendous success,” County Executive Anthony J. Picente, Jr. contended in a release about the program. “It has helped to incentivize more than 32,000 county residents to get their COVID-19 vaccinations while pumping millions into the local economy.”
Businesses, organizations that benefitted
For Julie Whittemore, who opened Keaton & Lloyd Bookshop at 236 West Dominick St. in Rome this past October, the program provided a great boost to launch her business.
“I didn’t really expect it to be as effective as it was,” she notes. However, 103 people selected her store for their gift card, which equals $10,300 in potential sales for her business.
In addition to directly funding purchases at her business and others, the incentive also gets more people in the door, Whittemore says.
For Jervis Public Library in Rome, the Boost OC program was an opportunity to raise awareness for the library.
“We’re always looking for ways for libraries to be more visible in the community,” Jervis library director Lisa Matte says. This is especially important after libraries had to close their doors for a while early in the pandemic.
While borrowing books from the library is free, there are a number of paid services available for which people could use a gift card, Matte says. This includes purchasing an EZ Pass, printing services, book sales, and buying tickets for local events.
Even if people didn’t choose the library for their reward gift card, Matte says, the library’s logo was on the screen for everyone to see as a reminder that the library is still there serving the community.
In the end, only one person selected the library for his/her gift card, she says, but the library was very actively involved throughout the program helping patrons through the Prizeout process to claim and redeem the gift cards. From helping people schedule the vaccine appointments that would make them eligible for the OC Boost incentive to walking people through setting up an email account to use with the program, the library’s staff was there to help, Matte says.
“That’s where we were really actively involved in the Boost OC program,” she says, estimating the library helped more than 100 people navigate the incentive program.
Not all the people who received a text or email for an e-gift card completed the process, and Oneida County is working with people so they may still receive their $100 incentive.
“The Boost OC program was a great incentive that helped to generate some new business while also allowing my regular customers to have another opportunity to support a place they patronize throughout the week,” Andrea Duvall, owner of Utica Billiards, said in a news release about the program.
“Over 150 people chose the Krizia Martin gift card as their vaccine award, making the program a win/win for all involved,” Krizia Martin Enterprises owner Corrine Gates said. The clothing and gift- store owner said the business saw almost as many new customers as it did returning customers through the program.
Oneida County partnered with New York City–based Prizeout, Inc. for the program to deliver digital gift cards delivered via text or email. Recipients must go through Prizeout’s process to activate the code and pick the business at which they want to spend their $100. They can then visit the business, show the e-gift card on their phone, and use the funds to make a purchase. There was also an option for people to receive a gift certificate by traditional mail if they were unable to receive a digital gift card.
A total of 78 businesses participated in the program, including 25 locally owned businesses such as restaurants, retail stores, and service providers. Other businesses on the prize list included chain restaurants such as Applebee’s and Olive Garden; delivery services such as DoorDash and Grubhub; and a number of retail stores including Target, Home Depot, Old Navy, and Foot Locker.

Community Bank appoints Durkee as New England president
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) recently announced it has appointed Matthew K. Durkee as senior VP and New England president of Community Bank, N.A. He will be based at Community Bank’s New England headquarters, located in Williston, Vermont. The banking company’s overall headquarters is in DeWitt. Prior to joining Community Bank,
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.
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) recently announced it has appointed Matthew K. Durkee as senior VP and New England president of Community Bank, N.A.
He will be based at Community Bank’s New England headquarters, located in Williston, Vermont. The banking company’s overall headquarters is in DeWitt.
Prior to joining Community Bank, Durkee served as executive VP and New England president for Norwich–based NBT Bank, N.A. from 2009-2020. Durkee has previously served as chairman of the Vermont Bankers Association.
“We are thrilled to have Matt join our team. He has over three decades of banking experience and brings a broad and unique set of skills to this new position. As a proven and effective leader, he will play an integral part in Community Bank’s New England initiatives. The entire Community Bank team welcomes Matt and looks forward to working with him to further our growth in Vermont,” Mark E. Tryniski, president and CEO of Community Bank System and Community Bank, N.A., said in a release.
Community Bank operates more than 215 branches across upstate New York, northeastern Pennsylvania, Vermont, and western Massachusetts. The parent company has assets of more than $15.3 billion and is among the nation’s 125 largest banking institutions.

OCC to create Meg O’Connell Center for Social Justice
ONONDAGA — Onondaga Community College (OCC) will soon be home to the Meg O’Connell Center for Social Justice and Community Impact. OCC will use a $1 million donation from Eric Allyn to create the new center. O’Connell — wife of Eric Allyn — is OCC’s former interim president and a former chair of the school’s
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.
ONONDAGA — Onondaga Community College (OCC) will soon be home to the Meg O’Connell Center for Social Justice and Community Impact.
OCC will use a $1 million donation from Eric Allyn to create the new center.
O’Connell — wife of Eric Allyn — is OCC’s former interim president and a former chair of the school’s board of trustees. Allyn is a member of the family that previously owned Welch Allyn, the medical-products manufacturer in Skaneateles Falls.
The Meg O’Connell Center for Social Justice and Community Impact will provide support for students in volunteer and service-learning opportunities, OCC said. Through these opportunities, undergraduate students will support local efforts, gain work experience, and “use their expertise to improve our community.”
The program will have a group of 20 students each year. Students will receive a stipend and additional programming. The stipend will help fill in the financial gap from lost wages while students volunteer or perform service-learning, as 80 percent of OCC’s students work 30 hours a week or more, the school noted. Since the vast majority of OCC graduates remain in Central New York, developing their leadership skills is “key to the region’s future,” it added.
“Meg O’Connell’s commitment to improve lives through her service to the entire Central New York community is an inspiration to all of us. Her contributions here leading our Board of Trustees and as interim president played a critical role in the College’s success,” Casey Crabill, president of Onondaga Community College, said. “The support of Eric Allyn with today’s gift ensures future students will benefit in her name as they become the community leaders of tomorrow.”
About O’Connell
Margaret (Meg) O’Connell has a lengthy and distinguished career of community leadership. She served as interim president of OCC from 2012-2013, prior to the hiring of Casey Crabill, the school’s current president. She was also chair of OCC’s board of trustees from 2010-2012 and from 2013-2015.
O’Connell is currently executive director of the Allyn Family Foundation and leader of the Syracuse Urban Partnership, which constructed and operates the building at 484 South Salina St., where the Salt City Market is located along with a grocery store, offices, and mixed-income apartments.
Other organizations she has contributed her time and expertise to include Blueprint 15, the Early Childhood Alliance, ABC Cayuga Play Space, Work Train, CenterState CEO, Syracuse 20/20, Friends of the Central Library, Skaneateles Library Association, Wells College, Planned Parenthood of Rochester/Syracuse, and the Skaneateles Central School District Board of Education.
“With this generous gift from my husband of 35 wonderful years, OCC will be able to continue to provide opportunities for its students to become the future leaders of our community — and I couldn’t be more honored and proud to be a part of it,” O’Connell said.

ConMed tops $1 billion in sales in 2021
ConMed Corp. (NYSE: CNMD) closed out 2021 — the second year of the COVID-19 pandemic which saw the arrival of two new variants and led to large-scale pauses on elective surgeries numerous times — with solid fourth-quarter sales and full-year sales topping $1 billion for the first time in the company’s history. The surgical-device maker reported
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.
ConMed Corp. (NYSE: CNMD) closed out 2021 — the second year of the COVID-19 pandemic which saw the arrival of two new variants and led to large-scale pauses on elective surgeries numerous times — with solid fourth-quarter sales and full-year sales topping $1 billion for the first time in the company’s history.
The surgical-device maker reported fourth-quarter sales of $274 million, up more than 8 percent from $253 million in the year-prior quarter, and net income was $24.4 million, up slightly from $24.1 million in the same period in 2020.
ConMed’s full-year sales for 2021 were $1.01 billion, an increase of more than 17 percent over $862.5 million in 2020. Net income for the year was $62.5 million, up from $9.5 million in 2020. Diluted earnings per share were $1.94 for 2021, up from 32 cents in 2020.
Curt Hartman — company president, chairman, and CEO — used a Jan. 26 conference call with investors to praise the company’s employees for achieving the company’s first-ever billion-dollar year.
“Our expectation is it will not take another 52 years to achieve the second billion,” he quipped.
Zacks Investment Research called ConMed’s fourth quarter a “mixed note” with earnings that beat its estimate, but revenue that fell short of what Zacks expected.
“Per management, the company displayed strength and agility despite a tough fourth-quarter operating environment due to the impact of the COVID-19 resurgence,” Zacks stated in a report. “Expansion of both gross and operating margins bodes well for the stock.” However, the Chicago-based investment-research firm said the continued pandemic impact raises concerns, especially since ConMed operates in a highly competitive market. Competitors include Stryker, Medtronic, and Smith & Nephew.
The virus crisis played a key role in the company’s performance in 2021, Hartman said during the call. The year did not unfold quite as the company expected, with continued COVID surges that impacted sales, as well as staffing issues, and supply-chain disruptions.
“The Delta variant had a larger impact on hospitals in November and December than we had expected, and the new Omicron variant had an increasing impact as we moved through December and continues to have a significant impact on hospital procedures in January,” said ConMed executive VP and CFO Todd Garner.
With those factors in mind, the medical-technology company forecasts full-year revenue for 2022 in the range of $1.075 billion to $1.125 billion with adjusted diluted net earnings per share of $3.60 to $3.85.
“As we transition out of the pandemic, we believe customers will continue to reward our actions as valued partners with increased trust and market share,” Garner said.
ConMed manufactures surgical devices and equipment for minimally invasive procedures. Specialty surgical areas include orthopedics, general surgery, gynecology, neurosurgery, thoracic surgery, and gastroenterology.
The company moved its corporate headquarters from 525 French Road in New Hartford, to its Largo, Florida facility in early 2021. ConMed maintains manufacturing, finance, human resources, legal, and other corporate functions at the New Hartford facility.
CNY jobless rates fall in December; regions add jobs
Unemployment rates in the Syracuse, Utica-Rome, Watertown-Fort Drum, Binghamton, Ithaca, and Elmira regions continued to fall in December relative to year-ago levels amid the pandemic. The figures are part of the latest New York State Department of Labor data released Jan. 25. In addition, the Syracuse, Utica–Rome, Watertown–Fort Drum, Binghamton, Ithaca, and Elmira regions gained
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.
Unemployment rates in the Syracuse, Utica-Rome, Watertown-Fort Drum, Binghamton, Ithaca, and Elmira regions continued to fall in December relative to year-ago levels amid the pandemic.
The figures are part of the latest New York State Department of Labor data released Jan. 25.
In addition, the Syracuse, Utica–Rome, Watertown–Fort Drum, Binghamton, Ithaca, and Elmira regions gained jobs at a rate of between 2 percent and nearly 5 percent, between December 2020 and this past December.
That’s according to the latest monthly employment report that the New York State Department of Labor issued Jan. 20.
The jobless rate in the Syracuse area plunged to 3 percent in December from 6.5 percent in December 2020.
The Utica–Rome region’s rate fell to 3.2 percent from 6.6 percent; the Watertown–Fort Drum area’s number dipped to 3.4 percent from 6.3 percent; the Binghamton area hit 3.1 percent unemployment, down from 6.6 percent; the Ithaca region’s rate cratered to 2.2 percent from 4.7 percent; and the unemployment rate in the Elmira region was 3.1 percent in December, down from 7 percent in the same month a year earlier.
The local-unemployment data isn’t seasonally adjusted, meaning the figures don’t reflect seasonal influences such as holiday hires.
The unemployment rates are calculated following procedures prescribed by the U.S. Bureau of Labor Statistics, the state Labor Department said.
The Syracuse region gained 7,000 jobs in the past year, an increase of about 2.4 percent.
The Utica–Rome metro area added 2,700 jobs, an increase of 2.3 percent; the Watertown–Fort Drum region gained 1,800 jobs, a 4.6 percent rise; the Binghamton area picked up 2,000 positions, up 2.1 percent; the Ithaca region gained 1,400 jobs, an increase of about 2.4 percent; and the Elmira area added 1,400 jobs in the past year, a rise of 4.1 percent.
New York state as a whole gained more than 388,000 jobs, an increase of about 4.4 percent, in that 12-month period.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.