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Broome County COVID Recovery Fund launches
BINGHAMTON, N.Y. — The Agency, in partnership with Broome County, has launched the Broome County COVID Recovery Fund (CRF) to assist small businesses impacted by

Upstate’s Dr. Thomas honored with State Senate’s Liberty Medal for pandemic work
SYRACUSE, N.Y. — The man who has served as one of the primary voices of pandemic-related information in Central New York has been recognized by

Brown & Brown Insurance to pay Q1 dividend in mid-February
Brown & Brown, Inc. (NYSE: BRO), the Florida–based parent of Syracuse–based Brown & Brown Empire State, recently announced that its board of directors has declared a regular quarterly cash dividend of 10.25 cents a share for the first quarter. The dividend is payable on Feb. 16 to shareholders of record on Feb. 4, the insurance
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Brown & Brown, Inc. (NYSE: BRO), the Florida–based parent of Syracuse–based Brown & Brown Empire State, recently announced that its board of directors has declared a regular quarterly cash dividend of 10.25 cents a share for the first quarter.
The dividend is payable on Feb. 16 to shareholders of record on Feb. 4, the insurance agency said in a news release.
The dividend amount is the same that Brown & Brown paid in the fourth quarter, when the company boosted its dividend by almost 11 percent from its prior regular quarterly cash dividend of 9.25 cents a share. That was the 28th consecutive annual dividend increase for the company.
Daytona Beach–based Brown & Brown, through its subsidiaries, offers a broad range of insurance products and related services. It has more than 11,000 employees and over 300 offices across the U.S. and select global markets. The insurance-brokerage firm makes frequent acquisitions of insurance agencies a key part of its growth strategy.
Brown & Brown Empire State is headquartered at 500 Plum St. in Syracuse’s Franklin Square area. It also has an office at 4104 Vestal Road in Vestal.

Unplugged Gaming leases nearly 14,000 square feet in Manlius
MANLIUS, N.Y. — Unplugged Gaming recently leased 13,860 square feet of retail space in the Manlius Mart Plaza at 315 Fayette St. in the village of Manlius. Bill Evertz and Chris Savage from Cushman & Wakefield/Pyramid Brokerage Company helped arrange the transaction, representing the landlord. Manlius Realty LLC owns the shopping center, according to Onondaga
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MANLIUS, N.Y. — Unplugged Gaming recently leased 13,860 square feet of retail space in the Manlius Mart Plaza at 315 Fayette St. in the village of Manlius.
Bill Evertz and Chris Savage from Cushman & Wakefield/Pyramid Brokerage Company helped arrange the transaction, representing the landlord. Manlius Realty LLC owns the shopping center, according to Onondaga County’s online property records.
Unplugged Gaming says it offers a wide variety of trading-card games and other games at its collectible hobby shop.

Syracuse Builders Exchange names 2022-2023 officers
SYRACUSE, N.Y. — The Syracuse Builders Exchange (SBE) recently announced that its board of directors approved officers for 2022-2023. The following officers will each serve a two-year term, effective Jan. 10, 2022: President: Lisa Brownson — president of Safety Source Consultants, Ltd. in Cicero. The firm provides construction-industry employers with professional education and safety-training consulting
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SYRACUSE, N.Y. — The Syracuse Builders Exchange (SBE) recently announced that its board of directors approved officers for 2022-2023.
The following officers will each serve a two-year term, effective Jan. 10, 2022:
President: Lisa Brownson — president of Safety Source Consultants, Ltd. in Cicero. The firm provides construction-industry employers with professional education and safety-training consulting services.
First Vice President: Karen Bellows — president of Bellows Construction Specialties, LLC, a full-service general-contracting firm located in Syracuse.
Second Vice President: Eli Smith — president of E. Smith Contractors, LLC, which is a full-service construction company specializing in general contracting and construction-management services. E. Smith Contractors is located in Syracuse.
Secretary: Steve Perry — president of Airside Technology Corp., located in DeWitt. Airside Technology is a full-service HVAC contractor specializing in commercial and industrial HVAC service and maintenance, and sheet-metal contracting.
Treasurer: David Bowles — a certified public accountant and former partner of Syracuse Builders Exchange member firm Dermody, Burke & Brown, CPAs, LLC, based in Syracuse.
Additionally, Earl R. Hall, executive director of the Syracuse Builders Exchange, also serves as a board officer. Hired in 1992, Hall has been executive director since 2006, and will be celebrating his 30th anniversary working for SBE.
“The new class of officers brings significant industry-related experience and expertise and will greatly help in evaluating initiatives or making governance decisions that are in the best interest of the membership and the regional construction industry,” Hall said in a statement.
The Syracuse Builders Exchange is a 501(c)(6) not-for-profit trade association, serving the construction industry throughout Central New York’s 16-county region. It is the largest construction-industry association in New York, and the nation’s oldest builders’ exchange.
New York milk production falls nearly 2 percent
New York dairy farms produced more than 1.27 billion pounds of milk in December, down 1.7 percent from nearly 1.3 billion pounds in the year-prior month, the USDA’s National Agricultural Statistics Service (NASS) recently reported. Milk production per cow in the state averaged 2,055 pounds in December, off 0.7 percent from 2,070 pounds in the
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New York dairy farms produced more than 1.27 billion pounds of milk in December, down 1.7 percent from nearly 1.3 billion pounds in the year-prior month, the USDA’s National Agricultural Statistics Service (NASS) recently reported.
Milk production per cow in the state averaged 2,055 pounds in December, off 0.7 percent from 2,070 pounds in the year-ago month.
The number of milk cows on farms in New York state totaled 620,000 head in December, down 1 percent from 626,000 head in December 2020, NASS reported.
Milk prices rose in the latest month for which data is available. New York dairy producers in November were paid an average of $21.30 per hundredweight, up $1.40 from October, and up $1.30 from November 2020.
In neighboring Pennsylvania, dairy farms produced 834 million pounds of milk in December, down 2.4 percent from a year earlier.

Uncle, nephew team up to operate Brewerton Ace Hardware store
CICERO, N.Y. — With spring right around the corner, the Brewerton Ace Hardware is gearing up for its first full year in business. The 9,400-square-foot store opened its doors last June at 9655 Brewerton Road in Brewerton (town of Cicero). Jeff Parzych and his nephew Austin Parzych operate the store in a family effort. The idea
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CICERO, N.Y. — With spring right around the corner, the Brewerton Ace Hardware is gearing up for its first full year in business.
The 9,400-square-foot store opened its doors last June at 9655 Brewerton Road in Brewerton (town of Cicero). Jeff Parzych and his nephew Austin Parzych operate the store in a family effort.
The idea first came about when a family member was approached about a similar type of investment, Jeff Parzych says. While that family member passed on the investment, it got the family thinking about options and opportunities, he says. “That sort of sparked it.”
Owning a hardware store wasn’t a completely foreign idea to Parzych. His grandparents operated Alpar Hardware in the Eastwood neighborhood of Syracuse. After doing his due diligence, Parzych settled on Ace Hardware, which is a retailer-owned hardware cooperative.
“Ace is a solid business,” he says, and owners benefit from Ace’s national marketing efforts and distribution network. Ace also worked with Parzych through the entire process from helping to find a suitable location to setting up the store and training employees.
The Brewerton location is a good one with a definite need for a hardware store, he says. To create the store, they leased the space formerly occupied by the antique store One the Farm and an empty 2,000-square-foot storefront next door in the same shopping center.
“We did quite an extensive remodel,” Parzych says, including taking out the wall connecting the two spaces, installing new flooring and lighting, and painting the entire area. He declined to provide specifics on the investment but noted it was substantial.
According to myace.com, the typical investment to open an Ace Hardware store runs between $650,000 and $1 million, depending on the size of the store. As a cooperative, Ace does not charge a franchise fee or royalties, but does require owners to have $250,000 in unencumbered cash and a net worth of at least $400,000.
Sales have been good so far, Parzych says, adding that the store is hitting Ace’s projected numbers for customer counts and number of transactions.
The biggest struggle has been getting the word out about the store. “We’re very active on social media,” he says. He also has radio ads running on The Dinosaur 94.1, 95.3, 103.9 FM, Fox Sports 92.5 FM, and 1490 AM. “We’re going to be having some TV stuff coming up,” he adds, and the store advertises in Clipper magazine.
Parzych also plans to start a newsletter and recently started working with a marketing firm. The store also benefits from fliers that Ace mails out.
Starting in February, the store will work with the Cicero parks and recreation department to offer kid’s building sessions. Looking ahead to spring, Parzych is excited for what is typically a busy season for hardware stores. He’s hoping to partner with local farmers to bring a weekly farmer’s market to the store.
He says it’s efforts like that, along with extra services such as screen repairs offered onsite, which help set his Ace store apart from big-box stores like Lowe’s Home Improvement Warehouse or Home Depot. In addition, the Ace store stocks more uncommon items that the big stores don’t routinely carry, Parzych notes. On top of the roughly 20,000 items carried in the store, he has access to more than 200,000 items through the Ace distribution network to help him get whatever his customers need.
The store currently employs 15 people, most of them part-time. Prior to opening the Brewerton Ace, Parzych ran his own lawn and landscaping business.
Headquartered in Oak Brook, Illinois, the Ace Hardware cooperative has more than 5,300 locally owned and operated stores in about 70 countries.

New York business leaders expect conditions to improve in next 6 months
New York business leaders “generally” expect conditions to improve over the next six months. That’s according to firms responding to the Federal Reserve Bank of New York’s January 2022 Business Leaders Survey. It’s a survey the New York Fed distributes the day after it distributes the monthly Empire State Manufacturing Survey. The survey’s index for future
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New York business leaders “generally” expect conditions to improve over the next six months.
That’s according to firms responding to the Federal Reserve Bank of New York’s January 2022 Business Leaders Survey.
It’s a survey the New York Fed distributes the day after it distributes the monthly Empire State Manufacturing Survey.
The survey’s index for future business activity increased nine points to 43.7, while the future business-climate index rose 16 points to 30.6, its “highest level in several months,” the New York Fed said.
Strong gains in employment, wages, and prices are expected in the months ahead, and capital-spending plans remained solid.
Current activity
Business activity increased in the region’s service sector, but at its slowest pace since March of last year, according to the January survey.
The headline business-activity index moved down 5 points to 9.2. The survey found 35 percent of respondents reported that conditions improved over the month, while 26 percent said that conditions worsened.
The business-climate index fell 12 points to -27.9, indicating that on net, firms continued to view the business climate as “worse than normal for this time of year,” the New York Fed said.
Other survey details
Both input prices and selling prices continued to increase at a near record pace in January, though the indexes were marginally lower than last month.
The prices-paid index ticked down 3 points to 77.3, and the prices-received index fell 3 points to 39.4.
The employment index dipped 11 points to 7.6, suggesting that employment growth slowed, and the wages index was unchanged at 52.3, signaling another month of “strong” wage growth.
The capital-spending index held steady at 9.8.
About the survey
The Business Leaders Survey is a monthly survey conducted by the Federal Reserve Bank of New York that asks companies across its district about recent and expected trends in key business indicators.
The district includes New York State, Northern New Jersey, and Fairfield County, Connecticut.
This survey is designed to parallel the Empire State Manufacturing Survey, though it covers a wider geography and the questions are slightly different.
The New York Fed sends the survey on the first business day of each month to the same pool of about 150 business executives, usually the president or CEO, in the region’s service sector. In a typical month, about 100 responses are received by around the 10th of the month when the survey closes.
Oneida County’s hotel occupancy soars nearly 53 percent
UTICA, N.Y. — Oneida County’s hotels attracted a large increase in guests in December compared to a year prior as they continued to rebound to pre-pandemic levels. The county’s hotel-occupancy rate (rooms sold as a percentage of rooms available) jumped 52.6 percent to 43.7 percent in December from the year-ago month. That’s according to a
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UTICA, N.Y. — Oneida County’s hotels attracted a large increase in guests in December compared to a year prior as they continued to rebound to pre-pandemic levels.
The county’s hotel-occupancy rate (rooms sold as a percentage of rooms available) jumped 52.6 percent to 43.7 percent in December from the year-ago month. That’s according to a new report from STR, a Tennessee–based hotel market data and analytics company. For the full 2021 year, occupancy rose 33.8 percent to 54.9 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, rocketed up 82.2 percent to $49.63 in last year’s final month, compared to December 2020. RevPar was up 52.2 percent for the entire 2021 year to $64.26.
Average daily rate (or ADR), which represents the average rental rate for a sold room, increased 19.4 percent to $113.52 in Oneida County in December. For the whole year, ADR went up 13.7 percent to $117.16.
The robust December 2021 hotel-occupancy report marks the 10th consecutive month of significant increases in occupancy in the Mohawk Valley’s most-populated county, compared to the year-earlier month. These are the first 10 months in which the year-over-year comparisons were to a month affected substantially by the COVID crisis. The prior year of monthly reports before that showed large declines in occupancy as the comparisons were to a pre-pandemic month.

Upstate, statewide consumer sentiment rise slightly in Q4
Consumer sentiment in upstate New York was measured at 64.0 in the fourth quarter of 2021, up 0.6 points from the last reading of 63.4 in the year’s third quarter. That’s according to the latest quarterly survey of Upstate and statewide consumer sentiment that the Siena College Research Institute (SRI) released Jan. 12. The 63.4 reading in
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Consumer sentiment in upstate New York was measured at 64.0 in the fourth quarter of 2021, up 0.6 points from the last reading of 63.4 in the year’s third quarter.
That’s according to the latest quarterly survey of Upstate and statewide consumer sentiment that the Siena College Research Institute (SRI) released Jan. 12.
The 63.4 reading in the third quarter represented Upstate’s lowest overall index since 2011.
Upstate’s overall sentiment of 64.0 in the fourth quarter was 9.1 points below the statewide consumer-sentiment level of 73.1, which rose 1.2 points from the third quarter.
The statewide figure was 5.7 points higher than the fourth-quarter figure of 67.4 for the entire nation, which was down 5.4 points from the third-quarter figure, as measured by the University of Michigan’s consumer-sentiment index.
The overall and future indexes for New York each increased in the latest quarter and the future index is above the breakeven point at which optimism and pessimism balance. The current index decreased and is below breakeven. The national indexes all fell. New Yorkers are more optimistic about overall and future economic conditions than the nation as a whole.
After a precipitous fall in the 3rd quarter, consumer sentiment rose by a point as New Yorkers balance an ongoing decline in their current economic situation with an uptick in their long-range outlook, Don Levy, SRI director, said.
“Most noteworthy are concerns over the bite that gas and food are taking out of the budget as inflation has generated concerns over gasoline prices that we haven’t seen since March 2013 and food price worries not matched since July 2011,” Levy said. “These sticker shocks, felt especially hard by Upstaters, women and older residents, have driven New Yorkers’ current outlook back to just about the low we saw at the pandemic’s start. Only faith in a better tomorrow, which rose to equal where we stood a year ago, resulted in the one-point overall index increase,” Levy explained.
In the fourth quarter of 2021, buying plans rose 0.3 percentage points from the third quarter measure to 10.4 percent for homes and inched up 0.8 points to 25 percent for major home improvements. Buying plans fell 2.2 points to 16.9 percent for cars and trucks; slipped 2 points to 43.5 percent for consumer electronics; and dropped 2.1 points to 28.0 percent for furniture.
Gas and food prices
In SRI’s quarterly analysis of gas and food prices, 70 percent of Upstate respondents said the price of gas was having a serious impact on their monthly budgets, up from 58 percent in the third quarter of 2021 and 57 percent in the second quarter.
In addition, 61 percent of statewide respondents said the price of gas was having a serious impact on their monthly spending plans, up from 54 percent in both the third and second quarters of last year.
When asked about food prices, 75 percent of Upstate respondents indicated the price of groceries was having a serious effect on their finances, up from 65 percent in the third quarter and from 64 percent in the second quarter.
At the same time, 72 percent of statewide respondents indicated the price of food was having a serious impact on their monthly finances, up from 66 percent in the third quarter and 63 percent in the second quarter.
SRI conducted its survey of consumer sentiment between Nov. 8 and Nov. 16 by random telephone calls to 395 New York adults via landline and cell phone. It has an overall margin of error of plus or minus 3.8 percentage points, according to SRI.
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