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

FEMA awards MVHS $1 million grant for COVID-19 costs
UTICA, N.Y. — The Federal Emergency Management Agency (FEMA) has approved a grant of more than $1 million from its disaster-relief fund for the Mohawk

Oneida County’s COVID hospitalizations are rising
UTICA, N.Y. — Oneida County on Tuesday reported that 52 county residents are currently hospitalized with COVID-19, up from 30 just eight days earlier as

Cayuga Health appoints Alexander as chief diversity officer
ITHACA, N.Y. — Cayuga Health recently named Herb Alexander its chief diversity officer, a new position, to enhance diversity programs and create a more inclusive

SYRACUSE, N.Y. — An external review found Syracuse University (SU) athletics “did not adequately identify, escalate, or address concerning behavior or complaints” about the women’s

Comment period for I-81 project extended for a month
SYRACUSE, N.Y. — Interested Central New Yorkers will have another month to comment on the $2 billion Interstate 81 viaduct replacement project. The Federal Highway

Community Bank System names Gillan-Myer chief human-resources officer
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) announced that Maureen Gillan-Myer will soon join the banking company as its executive VP and chief

M&T Bank Corp. to pay quarterly dividend of $1.10 per share in late September
M&T Bank Corporation (NYSE: MTB) recently announced that it has declared a quarterly cash dividend of $1.10 per share on its common stock. The dividend will be payable on Sept. 30 to shareholders of record at the close of business on Sept. 1. M&T Bank Corp. is a financial-holding company headquartered in Buffalo. Its main
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.
M&T Bank Corporation (NYSE: MTB) recently announced that it has declared a quarterly cash dividend of $1.10 per share on its common stock.
The dividend will be payable on Sept. 30 to shareholders of record at the close of business on Sept. 1.
M&T Bank Corp. is a financial-holding company headquartered in Buffalo. Its main banking subsidiary, M&T Bank, operates branches in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia. Trust-related services are provided by M&T’s Wilmington Trust-affiliated companies and by M&T Bank.
M&T Bank has about 45 branches and employ 450 people in its Central New York region, which covers Onondaga, Cayuga, Seneca, Oswego, Jefferson, Lewis, Madison, Oneida, and Herkimer counties. Its regional headquarters is located at 250 South Clinton St. in downtown Syracuse.

Kobliski takes over as leader of Adirondack Railroad
UTICA, N.Y. — Frank Kobliski is the new president of the Adirondack Railway Preservation Society, Inc. (ARPS), which operates the Adirondack Railroad. Kobliski, a retired transportation CEO and former VP of ARPS, was elected by the organization’s board of directors to assume the top leadership role after Bill Branson, the long-time president of ARPS, retired
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. — Frank Kobliski is the new president of the Adirondack Railway Preservation Society, Inc. (ARPS), which operates the Adirondack Railroad.
Kobliski, a retired transportation CEO and former VP of ARPS, was elected by the organization’s board of directors to assume the top leadership role after Bill Branson, the long-time president of ARPS, retired from that position effective Aug. 15.
The ARPS board also elected John Taibi — a long-time volunteer with ARPS, noted railroad historian, and recently elected board member — as VP.
The Adirondack Railway Preservation Society is a 501 (c) (3) organization with its main office in Utica. In partnership with the New York State Department of Transportation, the organization holds a permit to operate the Adirondack Railroad, helping to maintain the last remaining historic railroad-transportation corridor in the Adirondack Region.
Broome County hotel occupancy jumps more than 75 percent in July
BINGHAMTON, N.Y. — Broome County hotels continued to see a surge in guests in July as they recover from the pandemic, according to a recent report. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county soared 75.5 percent to 67.8 percent in July, according to STR, a Tennessee–based hotel market
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 continued to see a surge in guests in July as they recover from the pandemic, according to a recent report.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county soared 75.5 percent to 67.8 percent in July, according to STR, a Tennessee–based hotel market data and analytics company. It was just the fifth monthly increase in occupancy in the county since January 2020, with all of them coming in the last five months.
Broome County’s revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, easily more than doubled (up 133.2 percent) to $67.90 in July.
Average daily rate (or ADR), which represents the average rental rate for a sold room, rose 32.9 percent to $100.14 in the county in the seventh month of the year.
The strong July 2021 hotel-occupancy report follows Broome County’s nearly 71 percent jump in occupancy in June, a triple-digit percentage gain in May, and 86 percent and 39 percent increases in April and March, respectively.
These are the first five months in which the year-over-year comparisons are to a month affected significantly by the COVID crisis. The prior 12 reports each featured double-digit declines in occupancy as the comparisons were to a pre-pandemic month.
New York milk production rises nearly 3 percent in July
New York dairy farms produced almost 1.34 billion pounds of milk in July, up 2.8 percent from just under 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 2,120 pounds in July, up 2.2 percent from 2,075 pounds a year
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.
New York dairy farms produced almost 1.34 billion pounds of milk in July, up 2.8 percent from just under 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 2,120 pounds in July, up 2.2 percent from 2,075 pounds a year ago.
The number of milk cows on farms in New York state totaled 630,000 head in July, up less than 1 percent from 626,000 head in July 2020, NASS reported.
Milk prices were mixed in the latest report. New York dairy farmers in June were paid an average of $18.30 per hundredweight, down 70 cents from May, but up $2.80 from June 2020.
In neighboring Pennsylvania, dairy farms produced 855 million pounds of milk in July, down 1.2 percent from a year earlier.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.