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Stifel renews lease for Skaneateles office

SKANEATELES, N.Y. — The national financial-services firm Stifel recently renewed the lease of its Skaneateles branch office. Stifel’s office is located in suite 2 at 36 Jordan St. in the village of Skaneateles. Randy Powers is the office branch manager and a financial advisor, according to the Stifel website. Frederick Shibel and Dan Wright are […]

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USDA launches $100M loan-guarantee program to expand meat and poultry processing capacity

The United States Department of Agriculture (USDA) on Oct. 4 announced that the department is planning for another $100 million in funding from the American Rescue Plan Act.  The money would leverage hundreds of millions more in lending through community and private-sector lenders to expand meat and poultry processing capacity and finance other food supply-chain

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What’s in a name? North Carolina firm that’s building chip fab on SUNY Poly campus now called Wolfspeed

The company that’s building its $1 billion Mohawk Valley Fab near Utica is now operating under a new name.  Durham, North Carolina–based Cree Inc. has changed its name to Wolfspeed, Inc. (NYSE: WOLF). The renamed firm specializes in silicon-carbide technology and production. The Mohawk Valley Fab — which is under construction at the Marcy Nanocenter on the

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With upcoming retirement, Preferred Mutual appoints new leadership

The firm on Oct. 4 announced the promotion of R. Benedikt Sander to the role of president and CEO, effective Jan. 1. PMIC has also promoted Jeffrey Lopata to COO and executive VP, also effective at the beginning of the new year, per a company news release.  Preferred Mutual Insurance is based in New Berlin

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Building on Fly Road in DeWitt sold for $615,000

DeWITT, N.Y. — The 15,871-square-foot industrial building on nearly four acres of land at 6940 Fly Road in DeWitt was recently sold. Fly Road Properties LLC bought the property for $615,000, according to Cushman & Wakefield/Pyramid Brokerage Company. The real-estate firm’s agent, Elaina Pirro, represented the buyer in this transaction. The one-story building was constructed

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New Kinney Drugs president says pharmacy chain must be different

GOUVERNEUR, N.Y. — New Kinney Drugs President John Marraffa says his vision for the company is to “create a customer experience unmatched by others.” “By building on our 118-year history, I hope to reinforce a standard of excellence that transcends traditional pharmacy,” Marraffa said in a release. “We must be different. By expanding our services,

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American Heart Association names 6 new advisory-board members

SYRACUSE, N.Y. — The American Heart Association (AHA) recently announced that six new, local volunteer leaders have joined its advisory board. Here is a brief description of the new board members. Aida Byrne — director of corporate communications for the eastern markets at Excellus BlueCross BlueShield. She also volunteers with the Crouse Auxiliary Board, Arc

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Syracuse-Rome drone corridor to host 5G test network

SYRACUSE, N.Y. — A 5G test network for unmanned aircraft is coming to the 50-mile unmanned-aircraft systems (UAS) corridor between Syracuse and Rome.  NUAIR hopes to have the necessary components to begin the testing before the end of the year, Tim Lawton, director of marketing & public relations for NUAIR tells CNYBJ in an email.

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Crews complete $20M affordable-housing project in Herkimer

HERKIMER, N.Y. — Crews recently completed a $20 million renovation of the Eastern Gardens Apartments in the village of Herkimer in Herkimer County.  Now known as Stone Ridge Mills, the rehabilitated public-housing development offers 63 new energy-efficient and affordable homes for families, according to a news release from the office of Gov. Kathy Hochul. Built

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CEO FOCUS: Proposed Investments Will Create a More Vibrant Community

Right now, there are projects and investments being proposed at a level we have not seen in generations. Over the past year, our business-development team has been actively tracking more than $89 million in proposed projects that are interested in expanding and locating in Central New York. Not only do these investments drive growth, progress, and economic

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