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

Paul McCartney to return to Syracuse for a concert in early June
SYRACUSE, N.Y. — Paul McCartney returns to Syracuse for the first time in five years, as he brings his “Got Back Tour” to the Carrier

Madison County launches service to assist with 911 emergencies
WAMPSVILLE, N.Y. — The Madison County Office of Emergency Management has introduced its Faster Advanced Life Support (ALS) Fly Car as a means to provide

Excellus Utica region seeks applicants for community health awards
UTICA, N.Y. — Nonprofit organizations in the region are eligible to apply for Excellus BlueCross BlueShield Community Health Awards to help fund health and wellness

People news: Lanning joins Tioga County Economic Development and Planning
OWEGO, N.Y. — Sean Lanning recently joined Tioga County Economic Development and Planning as an education-workforce coordinator. In this role, Lanning will work with Tioga

ANDRO wins $1.1 million Army contract
ROME, N.Y. — ANDRO Computational Solutions, LLC was awarded a $1.1 million U.S. Army contract to develop DeepSPEC, a platform for enhancing radio frequency (RF)

NextHome Realty leases office space on West Genesee Street in Camillus
CAMILLUS, N.Y. — Samantha Dougherty of NextHome CNY Realty recently leased office space in the building at 4902 West Genesee St. (99 Yorkshire Boulevard) in the town of Camillus. Matt Funiciello of JF Real Estate helped arrange this transaction, according to a news release from his firm. No lease terms were disclosed. Dougherty, a broker/owner
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.
CAMILLUS, N.Y. — Samantha Dougherty of NextHome CNY Realty recently leased office space in the building at 4902 West Genesee St. (99 Yorkshire Boulevard) in the town of Camillus.
Matt Funiciello of JF Real Estate helped arrange this transaction, according to a news release from his firm. No lease terms were disclosed.
Dougherty, a broker/owner is expanding her residential real-estate division. She has been a full-time real-estate professional for more than nine years. Dougherty began her career as a licensed salesperson and within five years in the industry started the Dougherty Home Team, according to the NextHome CNY Realty website. She says she started the first flagship NextHome brokerage in the Syracuse area — opening an office in Manlius and later another one in Cicero. Now it’s on to Camillus.
The 99 Yorkshire Boulevard property is a converted residence that is zoned commercial, according to Onondaga County’s online real-estate records. Matthew and Jennifer Bedford are the owners, and they purchased the property for $347,000 in May 2021. It was assessed at $450,000 for 2021, per the county records.

Lockheed Martin to pay Q1 dividend of $2.80 a share in late March
The Lockheed Martin Corp. (NYSE: LMT) board of directors has authorized a first-quarter, 2022 dividend of $2.80 per share. The dividend is payable on March 25, to holders of record as of the close of business on March 1. At Lockheed’s current stock price, the dividend yields about 2.85 percent on an annual basis. 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.
The Lockheed Martin Corp. (NYSE: LMT) board of directors has authorized a first-quarter, 2022 dividend of $2.80 per share.
The dividend is payable on March 25, to holders of record as of the close of business on March 1.
At Lockheed’s current stock price, the dividend yields about 2.85 percent on an annual basis. The payment is nearly 8 percent higher than the $2.60 a share that the defense contractor paid in the first quarter of 2021.
Lockheed Martin — a Bethesda, Maryland–based global security and aerospace company — has two plants in Central New York, in Salina and in Owego, as part of the firm’s rotary and mission systems (RMS) business area. The company has about 114,000 workers worldwide.

NBT Bancorp to pay quarterly dividend of 28 cents a share in first quarter
NORWICH, N.Y. — NBT Bancorp Inc. (NASDAQ: NBTB) recently announced that its board of directors has approved a cash dividend of 28 cents per share for the first quarter of this year. The payment is unchanged from each of the last two quarters but up by 3.7 percent from the 27 cents a share that
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.
NORWICH, N.Y. — NBT Bancorp Inc. (NASDAQ: NBTB) recently announced that its board of directors has approved a cash dividend of 28 cents per share for the first quarter of this year.
The payment is unchanged from each of the last two quarters but up by 3.7 percent from the 27 cents a share that NBT investors received in the first quarter of 2021.
The Norwich–based banking company will pay the dividend on March 15, to shareholders of record as of March 1. The dividend represents an annual yield of about 2.9 percent, based on NBT’s current stock price.
NBT Bancorp also reported that its net income in the fourth quarter rose more than 9 percent to $37.3 million from almost $34.2 million a year prior. The increase was primarily due to higher net interest income and noninterest income, partly offset by a larger provision for loan losses, the company said. NBT’s earnings per share went up more than 10 percent to 86 cents in the latest quarter compared to 78 cents in the fourth quarter of 2020.
NBT Bancorp is a financial holding company with total assets of $12 billion as of Dec. 31. The banking company primarily operates through NBT Bank, N.A. — a full-service community bank with 140 branches in New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Maine, and Connecticut — and through two financial-services companies: EPIC Retirement Plan Services and NBT Insurance Agency, LLC.

Business Systems of CNY announces new ownership
SYRACUSE, N.Y. — Business Systems of CNY, Inc. recently announced that Kevin Woytan and Mark Woytan have jointly stepped into the role of president and vice president, and are the new owners. The business, located at 114 Game Road in Syracuse, is a second-generation owned and operated company. Both Woytans have more than 30 years
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. — Business Systems of CNY, Inc. recently announced that Kevin Woytan and Mark Woytan have jointly stepped into the role of president and vice president, and are the new owners.
The business, located at 114 Game Road in Syracuse, is a second-generation owned and operated company.
Both Woytans have more than 30 years in multiple roles with Business Systems of CNY. They “bring with them new ideas while preserving the company’s core values of service and staying up to date on new technologies,” according to a Jan. 6 firm news release.
Business Systems of CNY has been serving the area for more than 35 years, offering phone systems, network cabling, and computer systems.

NIH grant to help Binghamton professor explore serotonin’s role in Parkinson’s disease
VESTAL, N.Y. — A Binghamton University professor will use a grant from the National Institutes of Health (NIH) for research that focuses on serotonin’s role in Parkinson’s disease. When he came to Binghamton in 2005, Christopher Bishop, a psychology professor, uncovered something interesting in his research. He found that the serotonin system, best known 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. — A Binghamton University professor will use a grant from the National Institutes of Health (NIH) for research that focuses on serotonin’s role in Parkinson’s disease.
When he came to Binghamton in 2005, Christopher Bishop, a psychology professor, uncovered something interesting in his research. He found that the serotonin system, best known for its influence on mood and motivation, also plays a role in the regulation of movement, according to a university news release.
That discovery led to pharmacological research that could lead to better treatments for patients with Parkinson’s disease. But the problem is the research field has “long neglected” how serotonin neuroplasticity in Parkinson’s disease becomes a central driver for motion, the university said.
The five-year, $3.2 million NIH grant will help address that knowledge gap, Binghamton University said.
Other researchers involved with the project include Fredric Manfredsson, an associate professor and a molecular biologist and expert in genetic strategies at the Barrow Neurological Institute in Phoenix, Arizona, and Kuei-Yuan Tseng, a professor and an internationally known neurophysiologist at the University of Illinois–Chicago.
“We started by looking at how drugs affected the Parkinsonian phenotype and found some really interesting effects but didn’t understand all of the effects we were seeing,” Bishop said in the release. “What this grant is doing is saying, ‘Let’s take a step back and use modern technologies to dissect the neuro-circuits and better understand the mechanisms that are involved in this neuroplasticity.’”
More on the research
The serotonin system appears to function as a secondary system when it comes to movement. In healthy individuals, it plays a minor role, but Bishop’s work suggests it may function as a surrogate for regulating movement in patients with mid- to late-stage Parkinson’s disease, per the release.
Not only does it appear to take over for the pathological loss of dopamine cells, but it may even convey the therapeutic benefits of the primary medication for Parkinson’s disease, L-DOPA.
While L-DOPA remains the “gold-standard” of treatment for Parkinson’s disease, nearly 90 percent of patients using the drug develop abnormal involuntary movements, or L-DOPA-induced dyskinesias (LID), within a decade. That severely affects their quality of life. Research points to brain serotonin neurons as a central cause of these movements, the school said.
Treatments have been developed that alleviate dyskinesias, but only a minority of patients have benefited due to their cost, side effects, or invasiveness. Researchers have yet to find a way to prevent the development of LID, partly because they don’t know precisely how L-DOPA treatment instigates maladaptive reorganization of these serotonin neurons.
Bishop and his research team have collected preliminary data from human post-mortem tissue that provides “exciting new insights” into the mechanisms behind serotonin neuroplasticity, Binghamton University said. Understanding these mechanisms “could ultimately lead” to treatments that delay or reduce L-DOPA side effects while maintaining its benefits.
“Movement is such an important feature of our survival and our ability to flourish. If we lose movement, evolutionarily, we’re done,” Bishop said. “So there must be these backup systems that come into play. I think what we’re seeing in Parkinson’s disease is the ability of these circuits to rewire sufficiently so that they continue to foster movement and survival.”
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.