Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
New York egg production edges down in July
New York farms produced 146.8 million eggs in July, down 0.3 percent from 147.3 million eggs in the year-ago period, the USDA’s National Agricultural Statistics Service (NASS) recently reported. The number of layers in the Empire State averaged 5.7 million in July, up almost 1.1 percent from 5.64 million layers a year prior. July egg production […]
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 farms produced 146.8 million eggs in July, down 0.3 percent from 147.3 million eggs in the year-ago period, the USDA’s National Agricultural Statistics Service (NASS) recently reported.
The number of layers in the Empire State averaged 5.7 million in July, up almost 1.1 percent from 5.64 million layers a year prior. July egg production per 100 layers dropped nearly 1.4 percent to 2,576 eggs from 2,612 eggs in July 2020.
In neighboring Pennsylvania, farms produced almost 784 million eggs during July, down 3 percent from nearly 808 million eggs a year before.
U.S. egg production totaled almost 9.39 billion eggs in July, up 0.8 percent from nearly 9.32 billion eggs in July 2020.
Oneida County hotel occupancy increases almost 46 percent in July
UTICA, N.Y. — Oneida County’s hotels continued to see a rebound in guests in July as consumers and business travelers return following the pandemic-induced slowdowns. The county’s hotel-occupancy rate (rooms sold as a percentage of rooms available) jumped 45.7 percent to 71.5 percent in July, compared to the same month in 2020. That’s according to
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’s hotels continued to see a rebound in guests in July as consumers and business travelers return following the pandemic-induced slowdowns.
The county’s hotel-occupancy rate (rooms sold as a percentage of rooms available) jumped 45.7 percent to 71.5 percent in July, compared to the same month in 2020. That’s according to a recent report from STR, a Tennessee–based hotel market data and analytics company.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, rocketed up 67.4 percent to $97.01 in this year’s seventh month, compared to July 2020.
Average daily rate (or ADR), which represents the average rental rate for a sold room, rose 14.9 percent to $135.75 this July.
The strong July 2021 hotel-occupancy report represents the fifth straight month of large increases in occupancy, ranging from 45-100 percent, compared to the year-ago month. These are the first five months in which the year-over-year comparisons were to a month affected significantly 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.

Commerce Chenango to honor BuildBlockCNY, others during annual luncheon in September
NORWICH, N.Y. — BuildBlockCNY LLC of Sherburne will be receiving the “Excellence in Small Business” award from Commerce Chenango. BuildBlockCNY is a national distributor for BuildBlockBuilding Systems and related modern green-building products in New York state and Northern Pennsylvania. The company says it specializes in insulated concrete forms. BuildBlockCNY is among the companies that Commerce
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. — BuildBlockCNY LLC of Sherburne will be receiving the “Excellence in Small Business” award from Commerce Chenango.
BuildBlockCNY is a national distributor for BuildBlockBuilding Systems and related modern green-building products in New York state and Northern Pennsylvania. The company says it specializes in insulated concrete forms.
BuildBlockCNY is among the companies that Commerce Chenango will recognize during its upcoming annual membership luncheon, which is set for early September. The event, which is being held during “Chamber Week,” is set for Sept. 9 at Hidden Springs Brewhouse in Norwich.
The employees of BuildBlockCNY LLC “are passionate about helping homeowners, homebuilders, architects, and community planners build sustainable, energy-efficient, and disaster-resistant structures,” Dana Merkt, company owner, said in a Commerce Chenango news release.
Besides honoring BuildBlockCNY, Commerce Chenango will use the event to acknowledge the winners of the 2021 “Spirit of Chenango County,” “Manufacturer of the Year,” and “Non-Profit Agency of the Year” award winners.
“I am looking forward to visiting with our members during the annual membership luncheon” Kerri Green, president & CEO of Commerce Chenango, said. “This luncheon is one way we can say ‘Thank you’ to the organizations that continue to support us. I look forward to celebrating some deserving organizations and individuals, as well as being able to provide an update on the projects we are working on this year.”
Organized in 1959, the nonprofit Commerce Chenango is a community-based organization that works at “enhancing” the economic growth of Chenango County and the surrounding area.
Additional awards
Founded in 1972, Chenango Valley Technologies, the recipient of “Manufacturer of the Year,” was originally established under the name of Chenango Tool. Founder Lloyd Baker specifically concentrated on the tooling aspect of the plastics industry. Under Baker’s direction, the company worked with local industry leaders to manufacture tooling for its molded parts.
Chenango Tool flourished as it continued to expand its customer base until an opportunity presented itself. In 1995, Chenango Tool acquired Madison Plastics in Verona. This acquisition broadened Chenango Tool into molded-plastic manufacturing. The merger of Chenango Tool and Madison Plastics formed Chenango Valley Technologies in 1996.
As time evolved, CVT continued to reinvest in the company and its capabilities. Throughout the years, CVT has added or upgraded its tooling machinery, molding presses, and its facilities. They currently have more than 35 employees.
Lamb’s Quarters of Plymouth will be acknowledged as the “Not-for-Profit Agency of the Year.” Lamb’s Quarters, Inc. holds dbas for the “Lamb’s Quarters Organic Farm” and for the “Norwich Farmer’s Market.”
Farm Credit East awards the organization an annual grant to help support local farmers who sell directly to the public. These funds help cover the costs of bringing nutritional programs to local consumers such as FMNP-Sr, FMNP-WIC, SNAP, and FreshConnect. FMNP is short for Farmers Market Nutrition Program.
Sandy Pierce, the agency’s principal, sits on the Chenango County Ag & Natural Resource Development Council and is a proponent and advocate for providing local, organic, farm-fresh food to consumers throughout our area.

Cold Point formally opens new manufacturing plant in Rome
ROME, N.Y. — Cold Point Corporation recently formally opened its new 50,000-square-foot, $5.1 million manufacturing facility on a former brownfield site in Rome. Company executives, elected officials, and others cut the ribbon in a ceremony held July 29 at the plant, located at 510 Henry St. in Rome. The facility’s construction was handled by C2C
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.
ROME, N.Y. — Cold Point Corporation recently formally opened its new 50,000-square-foot, $5.1 million manufacturing facility on a former brownfield site in Rome.
Company executives, elected officials, and others cut the ribbon in a ceremony held July 29 at the plant, located at 510 Henry St. in Rome.
The facility’s construction was handled by C2C Construction Solutions, LLC, of Utica, and completed a few months earlier.
Cold Point specializes in the design and manufacture of water-source heat pumps, packaged terminal air conditioners, condensing units, as well as packaged heat pumps and air conditioners for direct replacement, renovation, and new-construction applications.
The completion of the Cold Point facility marks a milestone for this signature project from Rome’s Downtown Revitalization Initiative (DRI) plan and a strategic site identified in the Erie Boulevard Brownfield Opportunity Area, according to a Mohawk Valley EDGE news release.
Cold Point, which is owned by Maryland–based Whalen Company, was awarded a $900,000 grant through Rome’s $10 million DRI plan and $300,000 in Excelsior Jobs tax credits from Empire State Development (ESD) for a commitment to retain 37 employees and create 24 new jobs, according to a previous New York State news release.
The project is helping to attract talent to downtown Rome by establishing an advanced-manufacturing facility with more than 50 employees within a five-minute walk to the downtown core, Mohawk Valley EDGE and the city of Rome say. The new facility, together with other DRI funded projects “such as a distinctive downtown branding and wayfinding programs and dynamic new civic spaces, will transform Downtown Rome into a destination for a diverse range of small business, entertainment, and restaurant uses,” they say.

New York’s closed home sales climb in July as pending sales dip
ALBANY, N.Y. — New York realtors 13,765 previously-owned homes in July, up nearly 33 percent from the 10,384 homes they sold in July 2020. However, pending sales in July fell by nearly 13 percent, indicating that the pace of closed home sales may moderate in the coming months. The data comes from the New York
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.
ALBANY, N.Y. — New York realtors 13,765 previously-owned homes in July, up nearly 33 percent from the 10,384 homes they sold in July 2020.
However, pending sales in July fell by nearly 13 percent, indicating that the pace of closed home sales may moderate in the coming months.
The data comes from the New York State Association of Realtors (NYSAR)’s July housing-market report issued on Aug. 23.
Housing inventory remained tight, declining for a 21st straight month, which helped send median home prices to a record high, the association noted.
Sales data
Pending sales totaled 15,267 in July, a drop of 12.8 percent from the 17,514 pending sales in the same month in 2020, according to the NYSAR data.
The July 2021 statewide median sales price soared 33 percent to $390,000 from more than $292,500 a year ago.
The months supply of homes for sale at the end of July stood at 3.2 months, down 38 percent from 5.2 months at the end of July 2020. A 6 month to 6.5 month supply is considered to be a balanced market, NYSAR says.
The inventory of homes for sale totaled 44,025 this July, down 19.5 percent from 54,700 a year earlier.
Central New York data
Realtors in Onondaga County sold 503 previously owned homes in July, up 20 percent from 419 sold in the same month in 2020. The median sales price rose almost 13 percent to $192,000 from $170,000 a year ago, according to the NYSAR report.
The association also reports that realtors sold 199 homes in Oneida County in July, up nearly 52 percent from the 131 sold during July 2020. The median sales price increased 26 percent to more than $182,600 from nearly $145,000 a year ago.
Realtors in Broome County sold 170 existing homes in July, up nearly 12 percent from 152 a year prior, according to the NYSAR report. The median sales price rose 27.5 percent to $165,500 from nearly $130,000 a year before.
In Jefferson County, realtors closed on 140 homes in July, down less than 3 percent from 144 a year prior, and the median sales price of $188,000 was up more than 11 percent from $169,000 a year ago, according to the NYSAR data.
All home-sales data is compiled from multiple-listing services in New York state, and it includes townhomes and condominiums in addition to existing single-family homes, according to NYSAR.

Five Star Bank relocates its branch in Elmira
ELMIRA, N.Y. — Five Star Bank is now operating in a new 2,400-square-foot branch in Elmira, a community it has served since 2012. That’s when it acquired the former HSBC branch at 150 Lake St. The banking company has since relocated that branch to 100 West Water St. and formally opened the new location on
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.
ELMIRA, N.Y. — Five Star Bank is now operating in a new 2,400-square-foot branch in Elmira, a community it has served since 2012.
That’s when it acquired the former HSBC branch at 150 Lake St. The banking company has since relocated that branch to 100 West Water St. and formally opened the new location on Aug. 23.
The relocated branch is part of the state’s Downtown Revitalization Initiative.
Five Star’s new Elmira office is designed as a “financial solution center” with no teller lines and no barriers between bank associates and customers, the bank says. It has new technology that includes interactive teller machines and the “comfort of community banking” with certified personal bankers.
“In this new and redesigned branch, our associates will continue to take good care of our customers and neighbors by getting to know them and offering education and solutions to help them improve their financial well-being,” Martin Birmingham, president and CEO, said in a statement. “Consumers and businesses can access a full spectrum of banking and lending services, insurance products, and investment management and consulting services. We are very pleased to celebrate this branch opening with community leaders, Five Star Bank associates and many of our partners who helped make the relocation a success.”
Five Star Bank is a subsidiary of Financial Institutions, Inc. (NASDAQ:FISI), which is headquartered in Warsaw in Wyoming County in Western New York.
Five Star Bank — a $5 billion community bank — has more than 45 branches located throughout Western and Central New York. Its CNY branches include offices in Auburn, Seneca Falls, Geneva, Ovid, Horseheads, and Elmira.

Director of Ithaca airport will retire Sept. 30
LANSING, N.Y. — The current director of the Ithaca Tompkins International Airport will be on the job for another month before retiring Sept. 30 after seven years in the position. Mike Hall will continue working with the airport in a consulting role on strategic initiatives over the next year. That work will include maintaining and
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.
LANSING, N.Y. — The current director of the Ithaca Tompkins International Airport will be on the job for another month before retiring Sept. 30 after seven years in the position.
Mike Hall will continue working with the airport in a consulting role on strategic initiatives over the next year. That work will include maintaining and securing additional air-service opportunities for Ithaca Tompkins and overseeing the continuation of sustainability initiatives for the airport, according to an Aug. 18 news release from the airport.
He will have a “special focus” on completing and securing state and federal-grant funding for capital projects. Hall will also be focusing on his leadership positions in the New York Aviation Management Association (NYAMA).
Tompkins County is currently searching for Hall’s successor as airport director.
“It has been a pleasure serving in this role,” Hall said in making the announcement. “Thank you to our fantastic airport team for its support and continuing to provide exceptional service to our traveling community.”
Hall is a Cornell University graduate with a 27-year career in the U.S. Air Force, the airport noted.
Activity during Hall’s tenure
During his seven years as airport director, Hall has been “instrumental” in numerous airport initiatives, the Ithaca Tompkins International Airport said.
They include expanding airline-passenger service with new non-stop service to the Charlotte, North Carolina and Washington Dulles International airports.
Hall also helped in transitioning Ithaca Tompkins to an “updated state-of-the-art” facility by successfully securing state and federal grants that helped pay for the renovation of the airport terminal, doubling the size of the passenger area, and adding new gates and passenger boarding bridges.
In addition, Hall assisted in securing the state funding to move the New York State Department of Transportation site to airport property from the downtown waterfront.
He also helped develop the new customs facility, allowing the airport to accommodate international flights and transition to the title of “Ithaca Tompkins International Airport.”
The initiatives also included upgrading the airport’s fuel farm and expanding its services to other users, and overcoming the challenges presented by the COVID-19 pandemic while maintaining air service from American Airlines, United, and Delta, the airport said.

Cazenovia College has new lab for finance, accounting students
CAZENOVIA, N.Y. — Cazenovia College believes a new laboratory space provides an “added sense of career realism” for its students taking finance and accounting courses. The lab includes the same types of industry-utilized data technology, business-day amenities, and “precise working environment” that students are likely to see when they begin work in finance and accounting
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.
CAZENOVIA, N.Y. — Cazenovia College believes a new laboratory space provides an “added sense of career realism” for its students taking finance and accounting courses.
The lab includes the same types of industry-utilized data technology, business-day amenities, and “precise working environment” that students are likely to see when they begin work in finance and accounting careers.
Following recent remodeling and installations, a room in the school’s Eddy Hall now functions as a new finance and accounting-program lab. The lab has computers, software, and workstations for an instructor and up to 24 students.
The space is now equipped with digitized informational displays, five 60-inch monitors, a 75-inch-display TV, and about 75 feet of LED (light-emitting diode) tickers.
The tickers display stock prices and market indices from around the world, streaming continually updating data on screens around the room’s perimeter.
Community Bank, N.A.; the J.M. McDonald Foundation, Inc.; and a grant from Empire State Development helped Cazenovia College fund the new space and outfitting the lab, the school said.
The creation of the finance and accounting-program lab on campus is part of Cazenovia College’s larger goal to recruit students who want to pursue finance and accounting majors or minors. The effort to equip the lab as a realistic financial trading space is “core to the College’s ongoing mission of providing ‘Real Life Learning for Real Life Success,’ offering sophisticated, state-of-the-art facilities and technologies usually found primarily at larger universities but while providing a personalized, small-school campus experience,” per a college news release.
Cazenovia College implemented its finance program to prepare students for business careers, such as financial analyst, along with the financing activities of a commercial or investment banker, treasurer, controller, budget director, financial consultant, financial planner, portfolio manager, investment advisor, and broker.
Louis Marcoccia, director of the finance program, and Jill Hebl, chair for accounting and finance, also contend that finance is a “great area of study to combine with other Cazenovia College degree programs,” such as accounting, hospitality, equine management, or fashion design/fashion merchandising, for students who may want to own and operate a business.
“The program establishes a wonderful foundation for anyone interested in a major, a dual major, or a minor in finance,” Marcoccia adds. “Finance is on the front burner of personal and business decisions, and it needs to be understood and properly applied by decision makers to achieve immediate and long-term aspirations and targets.”
Cazenovia College pursued the investment in the finance and accounting program based on statistics showing that the finance field has one of the fastest growing group of occupations, Marcoccia notes. The school cites data from the U.S. Bureau of Labor Statistics that the industry is expected to expand at a rate of 30 percent before 2024.

Hochul discusses schools, shots, ethics in first speech
ALBANY, N.Y. — Gov. Kathy Hochul used her first speech as governor to announce policies on vaccinations and masks in schools, overall vaccination rates and booster shots, rent relief, and state-workforce policies. In the early portion of her remarks, she acknowledged that New Yorkers may not yet know her, but Hochul said, “I know you.”
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.
ALBANY, N.Y. — Gov. Kathy Hochul used her first speech as governor to announce policies on vaccinations and masks in schools, overall vaccination rates and booster shots, rent relief, and state-workforce policies.
In the early portion of her remarks, she acknowledged that New Yorkers may not yet know her, but Hochul said, “I know you.”
“In my travels to all 62 counties every year, I’ve walked your streets, met you at diners, supported your small businesses, listened to farmers, engaged local officials, and worked to revitalize long neglected downtowns. And I’ve been in the trenches with local health leaders and officials battling the pandemic day after day after day,” Hochul said.
Schools
Hochul said her first priority is getting children back to school and protecting the environment so they can learn and do so in a safe manner.
“For months,” Hochul said she’s been consulting with parents, elected officials, teachers, school boards, and superintendents on the topic.
“As a result, we need to require vaccinations for all school personnel with an option to test out weekly — at least for now. To accomplish this in New York, we need partnerships with all levels of government, and I am working now on getting this done,” she said.
She went on to say that New York is launching a “Back to School” COVID-19 testing program to make testing for students and staff “widely available and convenient.”
The new governor is also directing the New York State Department of Health to institute universal masking for anyone entering schools.
Vaccination rates, booster shots
Hochul listed increasing vaccination rates for New Yorkers as her second priority.
As of Aug. 24, 79 percent of adults in New York state had received at least one dose of a COVID vaccine and 71 percent of adults were fully vaccinated, according to CDC data. And 66 percent of the total New York population had received at least one shot while 59 percent had completed a vaccine series. All those numbers are above the national average.
The new governor acknowledged that New York has made “much progress” in getting residents vaccinated against COVID-19 but also noted that too many are not yet vaccinated “putting themselves and their communities at risk.”
With the U.S. Food & Drug Administration’s full approval of the Pfizer vaccine on Aug. 23, New Yorkers can expect new vaccine requirements.
“More on that soon,” Hochul said.
The governor’s third priority is preparing for booster shots and making sure they’re available and distributed “quickly and reliably.”
“When I consulted with Dr. Fauci last week, we discussed the urgent need to ensure vaccinated individuals receive a booster dose at 8 months. I am prepared to do whatever is necessary, including reopening mass vax sites so that a booster is available to all New Yorkers who meet that timetable,” Hochul said.
Rent relief
President Biden and New York’s federal lawmakers worked to secure funds for renters, landlords, and workers.
“But, I am not at all satisfied with the pace that this COVID relief is getting out the door,” Hochul said. “I want the money out — and I want it out now. No more excuses and delays.”
She met with Assembly Speaker Carl Heastie and Senate Majority Leader Andrea Stewart-Cousins earlier on Aug. 24, and they’re launching a new campaign to reach more New Yorkers on rent relief.
“We are forming a real partnership with legislators, the City of New York, other cities and counties to get the job done,” said Hochul.
The new governor is hiring more staff to process applications and is assigning a team to identify and remove any barriers that remain.
“New Yorkers should know, if you apply and qualify for this money, you will be protected from eviction for a solid year. Let me repeat. If you apply and qualify, you will not be evicted for a year,” said Hochul.
State worker policies
Hochul also wants to get the state working again “focused and without distractions” and she contends it begins with a “dramatic change in culture — with accountability and no tolerance for individuals who cross the line.”
She wants an overhaul of state government’s policies on sexual harassment and ethics, starting with requiring all training be done live, instead of allowing people to “click their way through a class.”
“A new era of transparency will be one of the hallmarks of my Administration. To me, it’s very simple,” she said. “We will focus on open, ethical governing that New Yorkers will trust.”
Hochul is also directing state entities to review their compliance with state transparency laws and provide a public report on their findings.
She also instructed her counsel to come up with an expedited process to fulfill all FOIL (freedom of information law) requests as fast as possible — and post completed requests publicly online.
Hochul also said she’d sign an executive order requiring ethics training for every employee of the New York State government — “which, shockingly, is not required across the board,” she said.
Hochul, a Buffalo native and Syracuse University alumna, turned 63 three days after being sworn in as the new governor.

CPA firm formally opens new office in downtown Ithaca
ITHACA, N.Y. — Karp, Ackerman, Small & Hogan, CPAs, PC (KASH) — a Hudson, N.Y.–based firm that offers corporate accounting, tax advisory, and bookkeeping services — recently formally opened a new office in downtown Ithaca. KASH held a ribbon-cutting event with the Downtown Ithaca Alliance (DIA) and Ithaca Mayor Svante Myrick on July 22 at
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.
ITHACA, N.Y. — Karp, Ackerman, Small & Hogan, CPAs, PC (KASH) — a Hudson, N.Y.–based firm that offers corporate accounting, tax advisory, and bookkeeping services — recently formally opened a new office in downtown Ithaca.
KASH held a ribbon-cutting event with the Downtown Ithaca Alliance (DIA) and Ithaca Mayor Svante Myrick on July 22 at its new office in the Bank Tower Building on the Commons. It’s located in Suite 307 of the 202 E. State St. building.
KASH also has an office in Albany.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.