Check here frequently for the latest business and economic development headlines from Upstate New York. To submit a link to a business or economic development story from your area click here.
January 31, 2012 - Albany Times Union – National Grid is investing $1 million in Albany's downtown urban corridor project
National Grid presented a check for $1 million to the City of Albany on Tuesday as part of one of its urban renewal economic development programs. The money will pay for improvements made by the city along its State Street corridor.
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January 28, 2012 - Buffalo News – Biotech firm's deals promising for area
In a matter of a few months, a Cheektowaga research institution has put itself on the medical research map by winning two federal contracts that together could be worth more than $100 million to develop new antibiotics. The contracts for CUBRC -- which originally formed as the Calspan-University at Buffalo Research Center -- represent continuing progress in the growth of biotechnology companies in the Buffalo area, officials said Friday.
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January 27, 2012 - Business First – State announces 700 new jobs in Rochester, Syracuse
Gov. Andrew Cuomo has announced separate expansion plans in Rochester and Syracuse that will jointly add some 700 jobs over the next several years.
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January 27, 2012 - WNED – Buffalo Company Receives $70 Million Contract for Medical Research
Buffalo-based CUBRC could earn nearly $70 million dollars for work on the behalf of the federal government. Through a grant from the Department of Health and Human Services (HHS), CUBRC will investigate potential medical treatments for a handful of conditions that currently have no cure.
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January 27, 2012 - Syracuse Post Standard – Syracuse firm ShoreGroup adding 200 jobs, getting $3 million in tax credits
An information technology company has committed to adding 200 high-wage jobs in Onondaga County over the next five years in exchange for state tax credits, Gov. Andrew Cuomo announced today. ShoreGroup, which is headquartered in New York City, employs 113 people in Syracuse. Last summer, it was considering moving most of its local work out of state, which would have cost the Syracuse area 98 jobs.
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January 27, 2012 - WGRZ – Canadian Shoppers Fill Hotels, Spur WNY Economy
Visitors to Western New York from out of state are finding it more and more difficult lately to find a place to stay. Hotels and lodges are seeing an increased amount of business from our neighbors to the North.
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January 20, 2012 - WKBW – Millions For Downtown Development
The Buffalo Niagara Partnership on Friday released the results of the year-long Buffalo Building Reuse Project to improve the competitiveness of downtown Buffalo by attracting new investment and establishing a development process and structure for long term sustainability.
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January 17, 2012 - Detroit Free Press – U.S.-Canada border crossings increase 5%
Border crossings increased about 5% in 2011 over the previous year at 11 U.S.-Canada crossing sites, but the modest increase will do little to end debate on the need for a new bridge between Detroit and Windsor. In all, some 37.1 million cars, trucks, buses and other vehicles crossed the border at the 11 sites among Michigan and upstate New York. Passenger car traffic rose 6.6% to 30.3 million crossings, while commercial truck traffic was flat from the year before at 6.7 million crossings.
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January 16, 2012 - Buffalo News– Canadian executive to boost 'mega-region' idea here
Neil D. Fraser is president of Medtronic of Canada Ltd., headquartered outside of Toronto, about a two-hour drive from Buffalo. But instead of thinking of Toronto and Buffalo as being far apart from each other, he says, the two areas could benefit from creating connections based on their strengths. Fraser, who will be keynote speaker at Wednesday’s World Trade Celebration in Buffalo, said he has been intrigued by the writings of Richard Florida, the director of the Martin Prosperity Institute at the University of Toronto and a former Buffalo resident.
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January 05, 2012 - Solar Industry – New York Nudging Into Solar Leader Status
Gov. Andrew Cuomo delivered his 2012 State of the State address on Wednesday, outlining an ambitious plan to drive four-fold growth in New York's solar market by next year. "We have aggressively developed our hydroelectric resources and are making great progress in tapping our land-based wind resources. Now it is time to focus more attention on exploiting our solar potential," the governor said.
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January 05, 2012 - Bullet News Niagara – New York governor announces $1 billion economic development package for Buffalo
New York Governor Andrew M. Cuomo today delivered his 2012 State of the State address in which he outlined a comprehensive agenda that builds on the success of last year. The governor launched a new economic development blueprint that invests billions of dollars in key public-private sector partnerships and rebuilding infrastructure to create thousands of new jobs across the state, proposed a reinvention of how government operates in order to get results for the people while protecting taxpayer dollars, and detailed a series of actions to strengthen New York’s legacy as the progressive capital of the nation.
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December 28, 2011 - Albany Times Union– GlobalFoundries competitor in Taiwan said to be discussing possible investment in state
U.S. Rep. Bill Owens, who represents the North Country, traveled to Taiwan on Wednesday to talk with Taiwan Semiconductor Manufacturing Corp. officials about a possible business investment in the Empire State, according to Taiwan's Central News Agency. TSMC is the largest competitor to GlobalFoundries, the California company building a $4.6 billion computer chip factory in Saratoga County. It is unclear what investment TSMC is considering in New York. The company is one of the members of the Global 450 Consortium that will be based at the University at Albany's College of Nanoscale Science and Engineering. That research group, which is planning a $4 billion investment to pursue manufacturing breakthroughs, has already said it expects to create 2,500 new high-tech jobs across upstate.
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December 22, 2011 - Buffalo News – $22 million for projects buoys Buffalo Place
A total of nearly $22 million in city, state and federal funding is pouring into downtown projects, largely for streetscape improvements, new bike lanes and restoring two-way traffic on two streets, Buffalo Place officials told the group's directors Wednesday. The funds -- much of them intended for future phases of the Cars Sharing Main Street project to restore two-way traffic to Main Street downtown -- represent a large investment in initiatives that supporters say will help with various economic-development efforts.
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December 13, 2011 - Political News – Gillibrand Announces $10 million in Federal Funding to Complete Construction of Syracuse Connective
U.S. Senator Kristen Kirsten Gillibrand announced the City of Syracuse will receive $10 million from the U.S. Department of Transportation (DOT) to complete Phases II and III of Syracuse Connective Corridor, a project to connect downtown Syracuse and University Hill, two burgeoning areas of economic and cultural growth.
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December 12, 2011 - Post-Standard – Sysco Syracuse's latest expansion updates food-service giant
When Mike Scanlon joined Sysco Syracuse in 1990 as a buyer, the food-distribution company had about 150,000 square feet and 125 or so employees at its site in Van Buren. Today, the facility has grown to about 500,000 square feet, it has 500 to 550 employees — depending on the season — and Scanlon is company president.
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December 11, 2011 - Buffalo News – Outlook for Buffalo’s future is now $100 million brighter
Howard Zemsky keeps a pretty even keel, even when he’s bringing home the bacon. The Buffalo developer teamed with University at Buffalo President Satish Tripathi, to spearhead the region’s successful push to snag one of four $100 million prizes in a statewide economic development competition last week.
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December 08, 2011 - Wall Street Journa l– Cuomo announces top economic development projects
Long Island, Western New York, the North Country and Central New York were Thursday's top winners in the first competition for $785.5 million of state grants intended to create jobs. The state is giving Central New York the largest grant, $103.7 million; followed by $103.2 million to the North Country region, including the Adirondacks; $101.6 million to Long Island; and $100.3 million to Western New York. In all, 720 projects chosen by regional leaders based on local strengths such as higher education and geography will be funded statewide.
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November 23, 2011 - Buffalo News – Region’s jobless rate inches down to 7%
The Buffalo Niagara region’s unemployment rate slipped to 7 percent in October — its lowest level since the end of 2008—as slow but steady job growth helped keep jobless levels here well below those in the rest of the nation. The unemployment rate fell from the upwardly revised rate of 7.3 percent in September and was the lowest rate for any October since 2008, according to figures released Tuesday by the state Labor Department. It also was the lowest unemployment rate for any month since joblessness began spiking at the end of 2008.
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November 15, 2011 - Standard Examiner – Developer to buy 215 acres in Syracuse
The parcel, north of Syracuse High School, between 1000 West and 2000 West, is to be developed as light manufacturing, with the hope of bringing 1,200 jobs to the city during the next three years, Mayor Jamie Nagle said.
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November 15, 2011 - Times Union – NanoCollege wants to pull into station
The rapidly expanding College of Nanoscale Science and Engineering at the University at Albany wants to use a landmark former train station as incubator space for smaller technology companies. Under the plan, the NanoCollege would partner with Capitalize Albany, the city's economic development arm, to purchase the former Union Station, now known as Kiernan Plaza.
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November 15, 2011 - Buffalo Rising – City of Buffalo Announces Brownfield Opportunity Area Project Launch
The Office of Strategic Planning (OSP) is proud to announce three new Brownfield Opportunity Area (BOA) projects. The three new areas include the Buffalo Harbor, the Buffalo River Corridor, and the Tonawanda Street Corridor. The project launch will held on November 17th at 6:30 pm at Hutch-Tech School, 256 South Elmwood Avenue. It is open to the public and anyone wishing to learn more or comment is encouraged to attend.
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November 15, 2011 - Buffalo Rising – Regional Economic Development Council Announces Excelsior Jobs Program Priority Projects
The Western New York Regional Economic Development Council unveiled its recommended Excelsior Jobs Program tax credits priority projects. The Excelsior projects have the potential to create and retain 833 jobs with a total project cost of nearly $100 million. The companies have requested $26.58 million in state assistance.
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November 06, 2011 - Crain's New York Business – Chip manufacturing finds a place in upstate New York
Warren Montgomery joined IBM out of college 30 years ago, expecting the lifelong employment and blue-chip perks that others in his Hudson Valley family had enjoyed: weekends at the company's country club, car loans made easy, and those silver spoons. “When your kid was born, you'd get a silver spoon,” he said. “It was as if the kid was born with a silver spoon in his mouth because he was born to an IBMer. Why would you want to go anywhere else?
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October 31, 2011 - Post Standard – Syracuse-area real estate market performing far better than average
The Central New York real estate market has seen prices drop lately, but is still far better off than some once-hot markets, and better off than the national average, according to experts and statistics. ”Syracuse is kind of faring a lot better compared to others,” said Milena Petrova, professor of finance at the Whitman School of Management at Syracuse University. “You didn’t go quite so high and didn’t fall back as far,” said Salvatore I. Prividera Jr., director of communications for the New York State Association of Realtors. The financial crisis that rocked the nation in 2008 lead to millions of foreclosures around the country. But Central New York has been hardly touched, according to RealtyTrac Inc., a company that monitors public records. The company reports that of the 206 metropolitan areas it monitored in 2010, only four had a lower percentage of homes in foreclosure than the Syracuse area.
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October 26, 2011 - BNE News – Ship Canal Commons Ribbon Cutting
Program to Include Remarks From: Commissioner Joe Martens, NYS Dept. of Environmental Conservation, Congressman Brian Higgins, Mayor Byron W. Brown, County Executive Chris Collins.
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October 24, 2011 - Nanowerk News – UAlbany NanoCollege launches Solar Energy Development Center to accelerate commercialization of innovative photovoltaics technologies
Congressman Chris Gibson today was joined by College of Nanoscale Science and Engineering (CNSE) of the University at Albany Senior Vice President and CEO Dr. Alain Kaloyeros to announce the launch of CNSE's Solar Energy Development Center in Halfmoon, New York, an integral component of the CNSE green energy initiative that will retain 17 green collar jobs, create opportunities to grow the high-tech workforce, and further expand CNSE's growing portfolio of clean energy research, development and commercialization. CNSE is now managing and operating the former Veeco facility at 13 Corporate Drive, which features a state-of-the-art, 100 kilowatt prototyping and demonstration line for next-generation copper indium gallium selenide (CIGS) thin film solar cells. With the ability to be manufactured at lower cost on both glass and flexible substrates, while significantly improving energy efficiency and reducing the cost of installation to less than $1 per watt, CIGS-based cells offer great promise to dominate the market for building integrated materials, including commercial and residential rooftops, among applications ranging from solar farms to portable devices.
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October 20, 2011 - Post Standard – Luncheon recognizes companies, organizations that created 1,200 jobs, invest $302 million in region
It took master of ceremonies Doug Logan eight minutes to read the list of 2011 economic champions recognized Thursday during CenterState CEO’s ninth annual Economic Champions luncheon at the Oncenter. With hardly a pause between names, the veteran sportscaster ticked off everything from accountants to bankers to consultants and donut makers, 196 company and organizations in all. Each added jobs, or expanded or invested in Central New York in the past year, organizers said. CenterState CEO said champions created 1,200 new employees in the past year, adding nearly two million feet of space at their locations and invested more than $302 million.
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October 09, 2011 - Star Gazette – Nanotechnology deal creates optimism for upstate economy
Just days after last month's $4.8 billion mega-deal between the state and IBM, Intel and other hi-tech firms, a technology center in Canandaigua, Ontario County, started receiving inquiries from companies interested in locating there. And just days before the announcement, companies from the Hudson Valley toured the GlobalFoundries plant in Saratoga County in hopes of building partnerships with the new $4.6 billion computer chip factory. The activity signals how New York has become a leader in research and development of nanotechnology and could provide the backbone for growth in the stagnant upstate economy, business leaders said.
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October 03, 2011 - Business Review – National Grid accepting applications for grants
National Grid will award up to $6 million in emergency economic development assistance to customers and municipalities in upstate New York hurt by flooding caused by Tropical Storms Irene and Lee. The utility is accepting applications for, among other things, up to $100,000 in grants to repair commercial districts, such as replacing streetlights, demolishing condemned buildings and fixing facades.
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September 30, 2011 - eWeek Europe – Tech Firms To Spend Billions On New Chips In New York
The agreements mark an “historic” level of private investment in the nanotechnology sector in New York, the governor’s office noted. Research and development facilities will be located in Albany, Canandaigua, Utica, East Fishkill and Yorktown Heights. In addition, Intel separately agreed to establish its 450mm East Coast headquarters to support the overall project management in Albany. The moves extend a trend toward establishing upstate New York as a hub of semiconductor manufacturing and research.
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September 29, 2011 - IT ChannelPlanet – Intel, IBM Among Five to Pump $4.4 Billion into Chip Venture in New York
Five computer chip industry heavyweights said that they will invest some $4.4 billion over the next five years into developing the next two generations of computer chips and upgrading wafer manufacturing technology at plants located in upstate New York. The companies involved include Intel Corp., IBM Corp., Globalfoundries Inc., Tiawan Semiconductor Manufacturing Company (TSMC) and Samsung. The funds are pointed at two projects—one venture, led by IBM, to develop the next two generations of computer chips, and a second, supported by all five companies, will concentrate on moving existing 300mm wafer manufacturing technology to the more advanced 450mm technology. The latter technology produces twice the number of chips processed on today's 300mm wafers.
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September 27, 2011 - Reuters – Tech firms to invest $4.4 bln in upstate New York
The companies which signed an agreement with New York are INTEL, IBM, GLOBALFOUNDRIES, TSMC and SAMSUNG. The investment could keep or create about 7,000 jobs upstate, Cuomo said in a statement, adding that no private company would receive any state funds.
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September 27, 2011 - Daily News – Unemployment rates on the decline
Unemployment rates in Genesee, Wyoming and Orleans’ counties all decreased in August, according to the most recent data available from the state Department of Labor. Genesee County's jobless rate last month was 6 percent, a 0.4 percent decrease from July. It was also 6.4 percent in August 2010.
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September 22, 2011 - UB Reporter – SUNY conference to examine role of higher ed in economic development
A conference examining the role of higher education in economic development will be held next week in Buffalo. Sponsored by SUNY, the conference will take place Sept. 26-27 in the Hyatt Regency Buffalo. Titled “Universities as Economic Drivers: Measuring and Building Success,” the conference will draw on the principles of “The Power of SUNY,” the system’s strategic plan, to examine several issues, among them how institutions of higher education can exert greater impact on economic growth, better measure performance in improving economic outcomes, lead economic development in their regions while still performing their traditional education functions and help build community among scholars and practitioners in these efforts.
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September 21, 2011 - readMedia – National Grid Continues Commitment, Support for Upstate New York Communities Hit Hardest by Recent Storms
National Grid is keeping its promise to help communities in several eastern New York counties recover from the devastating effects of several storms including Irene, Lee and a tornado that ravaged the area within the past month. The series of storms toppled trees onto cars, homes and businesses; caused historic flooding; and even took down parts of a high-voltage transmission line, flooded an electric substation and damaged a major gas line along the Mohawk River when the swollen river washed away its banks. The combined effects of the storms and their aftermath have left many communities struggling to recover.
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September 24, 2011 - Washington Post – Why Buffalo is bouncing back faster than Atlanta
The recession is dragging everyone down, but some parts of the U.S. are bouncing back faster than others. Howard Wial, a Brookings fellow, looked at how the recession has affected the country’s major metropolitan areas and which places are recovering faster than others. He factored in job changes, the unemployment rate, economic output and house prices, and this is what he’s found:
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September 20, 2011 - SeattlePI – Pyrotek completes upstate NY expansion, adds jobs
A western New York manufacturer has added 93,000 square feet of space to its Niagara County facility and hired more than three dozen new employees. Pyrotek received $11 million in funding assistance through an award from the U.S. Department of Energy to make components for lithium batteries. The company says it was part of a cost-share arrangement in which Pyrotek made a dollar-for-dollar investment in the Niagara County project.
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September 15, 2011 - PhysOrg.com – Syracuse University Industrial Assessment Center awarded $1.5 million to support DOE initiative
The Syracuse University-Industrial Assessment Center (SU-IAC) has been awarded $1.5 million over five years to support the Department of Energy's (DoE) Industrial Assessment Center (IAC) program to train undergraduate- and graduate-level engineering students in manufacturing efficiency and to help them become the nation's next generation of industrial energy efficiency experts.
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August 18, 2011 - Times Union– Albany unveils charging station for electric vehicles
Downtown Albany Holiday Inn Express has unveiled the first public access electric-car charging station in upstate New York. The station was installed by PlugIn Stations Online and is a Leviton dual level 1/level 2 system. Level 2 charges vehicles in two to four hours, while level 1 is similar to a residential system that charges in eight to 10 hours.
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August 4, 2011 - WNED – Strong Canadian Economy Could Benefit New York: Conference
More than 300 business, political, and community leaders from around the state continue to gather in Buffalo for the Accelerate Upstate conference. The summit looks to develop ideas and relationships that will open a new chapter for the western New York economy. Connecting Canada and New York was a focus of the first day.
From a business standpoint, western New Yorkers ignore Canada at their peril, says Kevin Johnson, U.S. Consul General.
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July 28, 2011 - The Post Standard – WCNY to develop $20M headquarters in downtown Syracuse
WCNY will start construction in the next few weeks on a $20 million project to transform an empty warehouse on the edge of downtown Syracuse into its new home that will include a learning center, a concert auditorium, a cafe and other amenities.
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July 13, 2011 - Business Journal – Syracuse fares well in Brookings report on green jobs
The Syracuse metro area is one of the nation’s strongest players in the clean economy, according to a new report from the Brookings Institution. The region has more than 9,600 clean jobs, ranking it 55th in the nation by overall size. But those jobs account for 3 percent of all jobs in the area. That’s the 11th highest clean-economy intensity in the U.S., according to Brookings.
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June 27, 2011 - Press Release – Norampac will invest $430 million to manufacture "green" packaging material
Governor Andrew M. Cuomo today announced that Norampac, a division of the Cascades packaging and paper products company, will build a new facility in Niagara Falls, creating 108 new jobs. The company will invest $430 million in a new, state-of-the-art facility to manufacture "green" packaging material. Empire State Development, together with a number of state and local entities, put together an incentive package to attract Norampac to expand in the Niagara Falls region. "Norampac's decision to invest and create jobs in Niagara County speaks volumes about New York state's commitment to attracting and retaining business," Governor Cuomo said. "With six Cascades facilities already in the state employing more than 800 New Yorkers, this is another example of businesses realizing the great value of investing in New York. We will continue to work to bring good jobs to New York state." Norampac owns several paper and packaging products mills in Canada and the United States. The division operates 37 facilities, four of which are in New York, including an additional plant located in Niagara Falls with 138 employees and three plants located in Lancaster, Maspeth and Schenectady. Based in Quebec, Norampac is the largest containerboard producer in Canada and has nearly 5,000 employees. The new facility will manufacture packaging materials made from recycled fiber.
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June 15, 2011 - MarketWatch– Volvo Order for 328 Buses for New York City
Volvo Buses has secured an order for 328 articulated buses for New York City through its subsidiary Nova Bus. The order is valued at USD 231 M. The buses for New York City will be manufactured in Nova Bus's plant in Plattsburgh, in the northern part of the State of New York.
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June 8, 2011 - Seattle PI – NC air filter maker to locate plant in upstate NY
A North Carolina air filter manufacturing company says it will put its northeast production facility in upstate New York, creating 180 new jobs. State economic development officials say Flanders Corp. will invest $7 million in the Columbia County town of Greenport, near Albany.
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June 3, 2011 - Times Union– National Grid makes solar donation
National Grid is helping to fund a program that could accelerate the use of rooftop photovoltaic panels to provide power to the electric grid. The London-based utility presented a check Thursday for $225,000 to help pay for the $1.35 million solar demonstration initiative at the University at Albany's College of Nanoscale Science and Engineering.
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May 30, 2011 - Empire State News – Built in New York: New MTA buses boost upstate economy
The Metropolitan Transportation Authority (MTA) Board this week approved the purchase of 328 low-floor articulated buses to be manufactured in Upstate New York by Nova Bus. The clean-diesel, high-capacity buses will contain a substantial level of local content and be built in Plattsburgh, protecting 220 jobs and helping to provide a healthy boost to the economy across the state.
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May 26, 2011 - Energy Central – National Grid Selects SmartWatt Energy as an Energy Solutions Partner for Large Business Program in Upstate New York
SmartWatt Energy announced today that they have been named an "Energy Solutions Partner" by National Grid, for their Large Business Program. This unique program pre-qualifies turnkey energy efficiency contractors, and is geared toward increasing the energy efficiency of large commercial and industrial businesses in Upstate New York through lighting retrofits. SmartWatt Energy estimates that as many as 4,700 large commercial and industrial businesses in Upstate New York will qualify for this Program.
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May 24, 2011 - WKBW – UB Proposes Plan to Build Downtown Medical Campus
University at Buffalo President Satish K. Tripathi submitted a proposal Tuesday to the NYSUNY 2020 Challenge Grant program in support of a $375 million plan to help revitalize Buffalo's economy. The proposal calls to relocate UB's medical school to downtown Buffalo. E-News - subscribe to our daily newsletter Under the proposal, the university will implement the next phase of the UB 2020 plan for academic excellence, spurring rapid development of Buffalo's emerging biomedical economy -- creating new jobs, spinning off new biotechnology companies and expanding educational opportunities for students.
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May 23, 2011 - Albany Medical Center – Albany Medical Center begins $360 million expansion
The landscape around Albany Medical Center and Park South is undergoing major changes with the addition of a new $360 million Patient Pavilion now under construction at the corner of New Scotland and Myrtle Avenues and the addition of four other new office buildings, and a new parking garage.
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May 20, 2011 - YNN – Signs of economic recovery in Central New York
he Department of Labor is reporting the strongest improvement of the economic recovery for Central New York. "We outperformed the state in terms of job growth and came much closer to the national job growth rate than we have in the past," said New York State Department of Labor Principal Economist Roger Evans. April numbers show that in the Syracuse area, jobs grew 1.1 percent compared to 0.7 percent statewide and 1.7 percent nationally. The field experiencing the largest growth is health care.
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May 19, 2011 - Buffalo Business First – Buffalo private-sector job count grows
The state Department of Labor reported Thursday that Buffalo added 3,300 private-sector positions year-over-year, a gain of 0.8 percent. Nonfarm job growth, which counts the public and private sectors, was up 2,100, or 0.4 percent. Syracuse added 4,400 jobs in the private sector, or 1.7 percent. Overall, the labor department said New York state’s economy grew by 43,800 private-sector jobs, or 0.6 percent, in April 2011 on a seasonally adjusted basis. This was the state’s largest monthly increase since September 2000.
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May 11, 2011 - TMC Net – Infinera Selected for Optical Network Upgrade at the Development Authority of the North Country
The Development Authority of the North Country (Authority) has selected an Infinera (News - Alert) Digital Optical Network for a middle-mile project upgrade in Upstate New York. The Authority operates a network in northern New York State offering broadband connectivity to rural areas, small towns, and major U.S. Army base Fort Drum. When complete, the Authority's Open Access Telecom Network will have more than 1,250 miles of fiber network.
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May 11, 2011 - University at Buffalo – Area Business Leaders, Venture Capitalists Will Meet to Advise WNY Biotech Startups
The University at Buffalo Office of Science, Technology Transfer and Economic Outreach (STOR) promotes the growth of businesses grounded in research developed at UB, with the aim of having a positive impact on the Western New York economy. As part of that effort, STOR will host a May 18 meeting of the BioNetwork, a group of entrepreneurs, business leaders and venture capitalists, all former Western New Yorkers, who have worked together for the past eight years to energize the region's life sciences industry.
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May 2, 2011 - National Grid – National Grid Provides $250,000 Economic Development Grant for Local Ocean Fish Farm
National Grid today presented Local Ocean, a grower of sustainable, ocean-based fish, with a $250,000 economic development grant to assist the Hudson company in expanding its salt water fish farm and increasing production five fold. The grant is part of the National Grid’s Capital Investment Incentive Program available for new and existing businesses making substantial investments within National Grid’s upstate New York service area.
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April 26, 2011 - MetroWNY – Buffalo Museum of Science awarded $1 million grant
The John R. Oishei Foundation has awarded the Buffalo Museum of Science with a grant in the amount of $1 million. This money will put used to strengthen the museum’s Master Plan, including the funding of two new Science Studios. These studios will be designed to facilitate content updates to reflect the most modern advances, to keep the museum timely and relevant. Science Studios will open the door for science inquiry and connections to subjects like biomedicine, physical science, and engineering. It will be a superior forum in which to learn about what’s happening in Western New York, too.
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April 26, 2011 - Genetic Engineering News – NY Biotech Leaders Pursue Empire State of Mind with One-Stop Shop Proposal
Think tank is also promoting tax credit extensions, tailored incentives, and easier tech transfer as cures for state’s life science blues.
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April 21, 2011 - Solar Server – Natcore chooses Rochester, New York for PV research center
On April 21st, 2011, Natcore Technology Inc. (Red Bank, New Jersey, U.S.) announced that it will establish a research center at Eastman Business Park in Rochester, New York, United States. The focus of the Natcore Research and Development Center will be the development of thin-film solar photovoltaic (PV) cells and tandem solar cells, using the company's liquid phase deposition (LPD) technology..
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April 15, 2011 - Upstate Medical University – Upstate breaks ground on $72M expansion of the Institute for Human Performance
State University of New York Chancellor Nancy L. Zimpher, Ph.D., joined Upstate Medical University President David R. Smith, M.D., and Steven Goodman, Ph.D., vice president for research and dean of Upstate’s College of Graduate Studies, in a groundbreaking ceremony for a $72 million, 158,273 square foot expansion of the university’s Institute for Human Performance (IHP) April 15.
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April 12, 2011 - LeftLane News – GM pumps $100 million into NY parts plant
General Motors says that it will be investing $100 million into its Rochester (New York) Operations to improve production of its small block car and truck engines. The investment will add 30 jobs to the upstate New York plant.
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April 10, 2011 - Post Standard – 5 reasons to be optimistic about Upstate New York: Venture capitalist Brad Feld likes what he sees
I recently spent two days in Upstate New York as a guest of Upstate Venture Connect. As an early-stage venture capitalist at Foundry Group, I’m always looking for amazing new innovations and entrepreneurs. As a co-founder of TechStars, a mentor-driven accelerator, I’m a strong believer in the power of entrepreneurial communities and believe that any city in the U.S. can develop an entrepreneurial community if it takes a long-term view. During my trip to Upstate New York, I participated in nine events over two days and met with around 1,000 people. I started in Syracuse, drove to Ithaca, and ended my trip in Rochester. A giant blizzard was planned for my first day so there was some trepidation by the organizers that we’d be snowed out, but we woke up to blue skies and a blizzard that missed Upstate New York.
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April 8, 2011 - Daily News – Food company will bring $15 million project, 50 new jobs to Batavia
A South American company that makes specialty yogurt says it plans to open a $15 million manufacturing plant in Batavia that will create 50 jobs. Alpina Foods of Bogota, Colombia, said it plans to build a 28,000-square-foot manufacturing facility in the Genesee County Economic Development Center’s Genesee Valley Agri-Business Park, off Route 5 near the County Fairgrounds.
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April 8, 2011 - Daily Reporter– NY gets $3.3 million from feds to advance high-speed rail upgrades upstate
The state is getting $3.3 million in federal aid to add track and rail capacity in the congested Upstate New York area, advancing the state's high-speed intercity passenger rail program. Federal funding will help pay for a second mainline track at Ballston Spa that will reduce delays and shorten travel time for Amtrak's Adirondack and Ethan Allen Express services.
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April 6, 2011 - Poughkeepsie Journal – Regional hubs seen as driver for N.Y. economic growth
At a business park encircled by mature pine trees in Saratoga County, 1,500 construction workers this month were busily welding air ducts and laying floorboards for a 300,000-square-foot computer chip factory. At the same time, recruiters from the facility's owner, GlobalFoundries, were in an administrative building trying to lure top engineering students from some of New York's top colleges, including Cornell University, the Rochester Institute of Technology and Rensselaer Polytechnic Institute.
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April 5, 2011 - Buffalo News – Solar system gets its place in the sun
Riverview Solar Technology Park will put DuPont's solar technology to the test, to see how the company's product performs in a rigorous climate like the Northeast's. The demonstration project also gives TM Montante Development, the developer of the Town of Tonawanda business park, an opportunity to promote its plan to use solar energy to supply power to tenants.
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March 29, 2011 - Daily News– 'Recharge New York' is part of tentative budget agreement
Businesses and institutions that receive Recharge New York power allocations will be allowed to enter into contracts with the New York Power Authority for up to seven years, which provides long-term certainty to encourage new investment and expansion. Recharge New York will reserve at least 350 MW for economic development in the National Grid, NYSEG, and RG&E service territories and 200 MW to attract new investment, thus ensuring that the new program will result in both job retention and job creation.
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March 29, 2011 - Bloomberg – Syracuse Builds $41 Million Green Incubator
Rising in the embrace of a freeway intersection, the Syracuse Center of Excellence is a glassy slab of laboratories poised on delicate X-braced columns. A roof covered in plants zigzags up from the entry to meet the labs at the third floor. The $41-million Syracuse project in upstate New York is the most ambitious of just a few American incubators of advanced building technology. Since Japan’s ongoing disaster may end the already feeble case for nuclear power as a clean-energy silver bullet, the lab offers timely options for conservation.
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March 29, 2011 - Press-Republican – In My Opinion: Trade means jobs
Our proximity to Canada is central to our economy. This has been highlighted recently by the welcome news that the Laurentian Aerospace Corp. has decided to build a new aircraft maintenance facility on the site of the former Plattsburgh Air Force Base. Up to 900 new jobs are anticipated.
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March 28, 2011 - Buffalo Business First – Six colleges in Buffalo area rank among Upstate’s most selective schools Read more: Six colleges in Buffalo area rank among Upstate’s most selective schools
Six schools located within a 100-mile radius of Buffalo are among the most selective colleges in all of Upstate New York, according to new rankings by Business First.
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March 25, 2011 - BNE's Good News Weekly! – Buffalo Niagara Gains 2,100 jobs
January employment figures released late last week by the U.S. Bureau of Labor Statistics show that Buffalo Niagara added 2,100 jobs over last year, placing us 100th in job growth out of 372 U.S. metros. Our area saw a job increase from 524,700 at the beginning of 2010 to 526,800 in January 2011. A total of 266 metropolitan areas gained employment while 93 metros suffered declines, and 13 were unchanged.
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March 24, 2011 - Watertown Daily News – New York on right path for a stronger economy
Last Friday, Alcoa celebrated along with Sen. Chuck Schumer the first pour of aluminum at the company's recently restarted East Plant in Massena. This event marks the return of 120 jobs in the north country at a time when the state is being forced to cut back. It also serves as a potent reminder that New York state is open for business.
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March 23, 2011 - Syracuse.com – Priceline co-founder to address business gathering in Syracuse
Timothy “Scott” Case, co-founder of the “name-your-own-price” online travel site Priceline.com, will deliver the keynote address at the annual meeting of CenterState Corporation for Economic Opportunity next month. Case was recently appointed CEO of the Startup America Partnership, a private-sector alliance launched at the White House Jan. 31 to promote entrepreneurship.
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March 10, 2011 - UB News Center– UB, County of Chautauqua IDA and SUNY Fredonia Technology Incubator to Host Business Support Program
The University at Buffalo Office of Economic Engagement, the County of Chautauqua Industrial Development Agency and the SUNY Fredonia Technology Incubator will hold an event to highlight the business and scientific expertise available to businesses in Chautauqua County.
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March 8, 2011 - Syracuse.com – Employees at DeWitt plant to share in $4 million in bonuses Thursday
Some 260 employees of Inficon will get about 11 weeks pay in their checks Thursday as their share of a $4 million bonus. The bonus for hitting business targets in 2010 represents more than 21 percent of the employees' base salary at the DeWitt company that makes high tech chemical sensing equipment, company President Peter Maier said this morning.
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March 8, 2011 - Buffalo News – CTG plans on hiring 100 more employees
Computer Task Group is looking to expand its local work force by almost a third — 100 jobs in all — because of rapid growth in the work that the Buffalo-based information technology company does in the health care industry. James R. Boldt, CTG’s chairman and chief executive officer, said Monday the company hopes to hire the additional 100 workers for its health care practice by the end of June.
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March 8, 2011 - WNED – Julie Shimer Nominated to Lead Upstate Development Agency
The CEO of an Upstate company has been tapped to lead New York's economic development agency. Governor Andrew Cuomo has nominated Julie Shimer of Skaneateles Falls to be the new chairperson of the Empire State Development Corporation. Shimer is the CEO of Welch Allyn, a medical equipment maker in the Finger Lakes region.
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March 5, 2011 - Post Standard– Greeters hired to be ambassadors for downtown Syracuse
The Downtown Committee of Syracuse Inc. is using a portion of a state grant to hire ambassadors to walk the downtown streets, offering a friendly smile, brochures and information to visitors and residents.
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February 15, 2011 - WBFO – Obama budget calls for Peace Bridge funding
President Obama's proposed 2012 federal budget contains money that could help fund the $300 million dollar Peace Bridge Inspection Plaza.
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February 103, 2011 - Syracuse.com – The nanotechnology revolution is New York's 'moon shot' for the 21st century
This year marks half a century since President John F. Kennedy proclaimed a bold and ambitious dream with a deadline: a U.S. vision to land on the moon by the end of the decade. Courtesy of CNSE Researcher wear "moon suits" to work in a cleanroom at the College of Nanoscale Science and Engineering in Albany. More than 250 U.S. and global corporate partners - including IBM, SEMATECH, GlobalFoundries, Tokyo Electron, Applied Materials and ASML - are engaged in advanced research and development at the college's NanoTech Complex. “It will not be one man going to the moon…” Kennedy told a joint session of Congress on May 25, 1961. “...it will be an entire nation. For all of us must work together to put him there.”
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February 10, 2011 - Buffalo News – ECIDA helped 67 projects in 2010
The Erie County Industrial Development Agency last year provided more than $230 million in incentives to 67 projects that are expected to create more than 1,000 local jobs over the next two years, the economic development organization said today.
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February 8, 2011 - BenZinga – Govsphere Announces Innovative Partnership with Syracuse University, Joins WiGIT – Wireless Grid Innovation Testbed
Govsphere, Inc., a dynamic management and technology consulting firm based in the Syracuse Technology Garden, announced today it will partner with Syracuse University and join WiGIT – The Wireless Grid Innovation Testbed. The Wireless Grid Innovation Testbed (WIGIT) is a joint partnership led by Syracuse University and Virginia Polytechnic and State University with support of the National Science Foundation Partnerships for Innovation (PFI) program to establish open standards for the development of wireless grids. These grids are capable of interconnecting devices such as computers, cell phones, televisions, cameras, printers, and other equipment over a wireless network. Wireless grid networks offer a tremendous value proposition to both increase access to wireless communication services and to develop new economic sectors utilizing grid services. Read more: http://www.benzinga.com/press-releases/11/02/p844607/govsphere-announces-innovative-partnership-with-syracuse-university-joi#ixzz1E3WXxt8Y
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January 20, 2011 - Buffalo News – Digital door opens for local economy
Companies, developers and real estate brokers scouting Erie County for locations have a new digital tool. The county and its economic-development partners unveiled a website highlighting about 30 industrial and office parks in the county. The website uses geographic information system technology, or GIS, to provide detailed imagery of the parks, along with information about each park, such as available incentives, utilities and zoning.
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January 10, 2011 - Bloomberg – Globalfoundries Plans to Double Spending on Factories This Year, CFO Says
Globalfoundries Inc., seeking to become the world’s largest contract manufacturer of computer chips, will double spending on plants and equipment this year. The company plans to increase spending to $5.4 billion in 2011, from $2.7 billion last year, Chief Financial Officer Robert Krakauer said in an interview. The money will go toward upgrading a plant in Dresden, Germany, building another in upstate New York, and planning a factory in Abu Dhabi.
Complete Story
January 6, 2011 - Wall Street Journal – Cuomo taps SUNY to boost private sector jobs
Gov. Andrew Cuomo is assigning the State University of New York a high-profile role to help turn around the state's economy, after the school got a decade of underfunding and little attention from Albany despite enrollment increases. Cuomo's lieutenant governor, Robert Duffy of Rochester, joined SUNY officials Thursday in a meeting to create regional economic development councils. They will rely heavily on the expertise and resources at SUNY's 64 campuses.
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January 6, 2011 - WSYR – Obama to visit Upstate New York next week
The White House has announced that President Barack Obama is planning a visit to Upstate New York next week. According to a press release, the president will visit Schenectady on Tuesday, January 11.
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December 30, 2010 - Watertown Daily News – Partnership gets $30,000 boost
A north country marketing initiative got a final boost to create a website and plan. Drum Country Business received a $30,000 grant from National Grid to complete this phase of work. The money is matched by $30,000 from local economic development partners, including Jefferson and St. Lawrence counties' industrial development agencies, Lewis County Office of Economic Development and Fort Drum Regional Liaison Organization.
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December 23, 2010 - Clarkson University News– Rep. Owens Announces Clarkson University and C Speed, LLC Alliance
Last week in Washington, D.C., Congressman Bill Owens congratulated Clarkson University and C Speed, LLC (Liverpool, N.Y.), a high technology engineering and manufacturing company, for their new partnership that leverages the strengths of C Speed’s high-tech product development and manufacturing operations with Clarkson’s resources in advanced materials processing, aerodynamics and renewable energy. Together, the two organizations will establish a technical center in Peyton Hall on Clarkson’s Village Campus.
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December 20, 2010 - University at Buffalo News– New Incubator Firms Contribute to the Growth of Western New York's Knowledge Economy
The University at Buffalo Technology Incubator welcomed three new companies in 2010, furthering its mission of providing emerging businesses with the technical, business and financial assistance they need to become a force in Western New York's developing knowledge economy.
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December 17, 2010 - Tonowanda News– Private sector continues to add jobs
For the sixth consecutive month the private sector has added jobs in the Buffalo Niagara Falls metropolitan area, according to figures released by the state labor department.
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December 16, 2010 - WNYT – Irving Tissue receives $500,000 National Grid grant
National Grid in upstate New York is awarding a $500,000 economic development grant to Irving Tissue, Inc. of Fort Edward to offset the costs of upgrading electric service at Irving Tissue’s expanded facility. National Grid provides economic development grants and other incentives to businesses within its market area to foster economic growth.
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December 09, 2010 - Trading Markets – National Grid awards grant to Unifrax
A Niagara Falls-based company was awarded a grant Wednesday from National Grid to assist with a multi-million dollar expansion project at its facility in the Town of Tonawanda. Unifrax will use the $250,000 allocation to help with a $6.9 million upgrade at its facility on Fire Tower Drive. The grant money comes from National Grid's Strategic Economic Development Outreach program.
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December 03, 2010 - Business Journal – CenterState CEO, Center of Excellence plan new partnership
The CenterState Corporation for Economic Opportunity (CenterState CEO) and Syracuse Center of Excellence announced a new partnership today designed to develop businesses in the energy and environmental fields. The Center of Excellence will contract with CenterState CEO to align their industry collaboration work with the business attraction efforts of CenterState CEO. The partnership is expected to help identify new funding avenues for companies in the region, align research and development with business and economic development investments, and help firms solve business challenges.
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December 07, 2010 - Business Review – Helping 1,000 startups in 2,000 days
Veteran Silicon Valley entrepreneur Martin Babinec is looking for an Albany-area university to team up with him. Babinec, of Little Falls, N.Y., founded Upstate Venture Connect in January and already has partnered with Cornell University, Syracuse University and LeMoyne College in Central New York to make it easier for technology startups to succeed. Babinec formed UVC with a goal of helping entrepreneurs team up with advisers and find access to investors to increase their odds of survival. UVC seeks to help create 1,000 technology startups in upstate New York over the next 2,000 days. Read more: Helping 1,000 startups in 2,000 days | The Business Review.
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December 02, 2010 - Read Media– National Grid awards nearly $100,000 to Fiber Glass Industries
National Grid in upstate New York today presented nearly $100,000 to Fiber Glass Industries in Amsterdam, NY in its continuing support of the local communities and businesses it serves. The Capital Investment Incentive grant will be used to partially offset the cost for the construction of gas and electric facilities to the new 25,000 square foot expansion of the company's facility.
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November 22, 2010 - The Faster Times – Why You Should Chart A Cleantech Course to Syracuse
An entrepreneur from Syracuse foisted the air conditioner on America, and our U-Haul traffic and carbon health have moved steadily south ever since. Until, maybe, now. The economic implosion halted the flow of families to the Sun Belt. And some economic stirrings suggest that now we should look up to Syracuse for clues. It’s a place where a university and a state government have formed canny pacts with new entrepreneurs to restore the northeast’s urban population and enhance the world’s carbon health. Most of what these pacts offer so far is promise. Their most visible result is the busy, shimmering Syracuse Center of Excellence, which opened nearly eight months ago in the shadow of a highway that literally cleaves downtown. Like other such centers around the Empire State, this one plies state money into incubating startups.
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November 18, 2010 - Business First – Labor: Buffalo job count spiked in October
Buffalo was part of the largest labor surge in the past five years across New York state in October, picking up 3,100 private-sector jobs, or 0.7 percent, the state Department of Labor reported Thursday. Read more: Labor: Buffalo job count spiked in October | Business First.
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November 18, 2010 - Syracuse.com – Syracuse area's unemployment rate fell to 7.6 percent in October
The Syracuse area gained jobs and saw its unemployment rate fall in October, providing further proof that its economy is pulling out of the recession, the state Department of Labor said today. The metropolitan area gained 200 jobs last month, compared with the same month in 2009. But it would have seen a much bigger gain if not for the loss of 1,700 government jobs. The area — which consists of Madison, Onondaga and Oswego counties — had 1,900 more private-sector jobs in October compared with the same month last year.
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November 9, 2010 - Business Journal of Central New York – Upstate Medical University to start work on new cancer center
The State University of New York (SUNY) Upstate Medical University will break ground Wednesday on the Upstate Cancer Center, a five-story, $74 million facility that will bring the school's outpatient cancer services under one roof. Upstate Medical University expects the center to open in September 2013.
Complete Story November 2, 2010 - Washington Post – In Albany, a boom based on microchips
The economic downturn has hit upstate New York as hard as anywhere in the country but an unusual, high-tech endeavor is taking shape here that could involve billions of dollars in manufacturing investment and possibly thousands of new jobs. State and federal officials are aiming to reassert the nation's traditional leadership in semiconductors by providing hundreds of millions of dollars toward a cutting edge research institute and the construction of a $4.5 billion silicon chip manufacturing plant. The College of Nanoscale Science and Engineering (CNSE) has attracted more than 200 companies to an ever-expanding campus, where competitors work side by side in labs and on the same machines. At an industrial park 20 miles north, the state of New York has contributed $1.3 billion in grants and tax credits to subsidize the semiconductor plant.
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November 2, 2010 - Forbes – Buffalo the 3rd most affordable city in the country
Buffalo, N.Y., and Rochester, N.Y., take third and fourth places, respectively. These Northeastern cities have a lot in common, emerging from long slumps ... but the combination of a newly diversified economy and a history of sustained low costs makes them affordable.
Complete Story.
October 28, 2010 - LoHud – New York getting another $28M for upstate rail projects
New York is getting another $28 million for railroad projects upstate in the latest round of federal funding aimed at improving the nation's rail infrastructure for high-speed trains. The official announcement of an estimated $2.5 billion in nationwide rail project funding is expected to come today from U.S. Transportation Department officials in Washington. Agency officials notified lawmakers in New York and elsewhere about the funding earlier this week. The Syracuse area is getting $18 million, most of which will go toward expanding the city's transportation center.
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October 26, 2010 - WRVO – Upstate NY economy recovering, new report finds
Upstate New York's economy is on the mend. So says the President and CEO of the New York Federal Reserve Bank. William Dudley believes that Upstate NY is doing better than many areas because it didn't suffer as badly during the recession.
Complete Story.
October 12, 2010 - Bloomberg Businessweek – Sematech to move final operation from Texas to NY
Gov. David Paterson says the global microchip consortium International Sematech will move a subsidiary to upstate New York from Texas, adding 100 more jobs to its existing operations. He says New York will invest $20 million and $80 million will come from the company to relocate International Sematech Manufacturing Initiative Inc. to the University at Albany's College of Nanoscale Science and Engineering.
Complete Story.
October 12, 2010 - ReadMedia – Governor Paterson Highlights Smart Growth Investment for Upstate
Governor David A. Paterson today was joined by Senator William T. Stachowski, Senator Antoine M. Thompson and Assemblyman Sam Hoyt at the Buffalo Niagara Square to highlight the passage of three pieces of Smart Growth legislation. The Smart Growth legislation will guide the State in making more sustainable and strategic infrastructure investments, create jobs, increase property values and revitalize historic areas, particularly those in upstate New York.
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October 5, 2010 - ReadMedia – National Grid Renews Residential Natural Gas Energy Efficiency Program for Upstate New York Customers
National Grid is helping customers reduce their environmental impact and their energy bills with the renewal of its residential natural gas energy efficiency program that provides rebates for energy saving equipment in the home. Due to the overwhelming response to this program last year, National Grid exhausted its funding for the initiative last spring, but has received additional funding to renew the program.
Complete Story.
October 4, 2010 - Business Journal – New state funding to restart CNY Biotech Research Center project
The announcement of new state funding means construction should resume early in 2011 on the $22 million Central New York Biotechnology Research Center.
New York State Sen. John DeFrancisco (R-Syracuse) today announced the availability of $4.2 million for the project, according to a statement from the State University of New York (SUNY) Upstate Medical University.
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October 2, 2010 - Times Union – CNSE lands $3M sensor deal
Advanced sensors that could accurately map ocean bottom terrain and detect resources such as natural gas and mineral deposits will be developed and produced through a new center of the College of Nanoscale Science and Engineering. The work is being done for the U.S. Space and Naval Warfare Systems Command, which develops and deploys advanced communications and information technologies for defense applications, under a contract that officials said was in excess of $3 million.
Complete Story.
September 29, 2010 - Buffalo News – State backs 10 WNY rail projects
Ten railroad-improvement projects across Western New York are receiving $14.6 million in state funding, Gov. David A. Paterson announced Tuesday.
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September 22, 2010 - Business First of Buffalo – High-tech regional jobs effort launched
A public-private group of area economic development organizations will use a new $445,000 federal grant to support entrepreneurs and boost job growth.
The Erie County Industrial Development Agency is working with Cleveland-based JumpStart Inc. through the U.S. Economic Development Administration (EDA) on the joint initiative, which covers 19 counties in Western and Central New York.
Complete Story.
September 21, 2010 - Democrat & Chronicle –Infotonics center in Canandaigua to merge with Albany nanotech complex
The deal unites the research skills and corporate ties of the Albany center and the College of Nanoscale Science and Engineering at the State University of New York at Albany with the processing and manufacturing ability of the Canandaigua center. The idea is apply nano, or extremely small, technology devised in Albany to computer chips fitted with complex mechanical capabilities, which are built in Canandaigua.
Complete Story.
September 18, 2010 - PC World – Yahoo Opens 'chicken Coop' Green Data Center
Yahoo is opening a data center in upstate New York that uses a radical new design to reduce energy costs by 40 percent, the company said Monday.
The data center in Lockport, near Niagara Falls, is cooled almost entirely by outside air that blows through the long data center halls to keep server equipment cool. That means the data center doesn't need a chiller to provide cold water for cooling, avoiding one of the most energy-intensive pieces of equipment in a traditional data center.
Complete Story.
September 16, 2010 - Democrat & Chronicle – Jobless rate falls again in Syracuse area
For the fourth consecutive month, unemployment has fallen and the number of jobs has grown in the Syracuse area in comparison with the same month last year. The state Department of Labor said Thursday the area’s unemployment rate fell slightly, to 7.6 percent in August from 7.9 percent in July. The rate in August a year ago was 7.7 percent. There were 600 more jobs in the area in August, compared with the same month a year ago. The area’s private sector gained 1,200 jobs, but government agencies employed 600 fewer people.
Complete Story.
September 16, 2010 - Post-Standard – Rochester, Buffalo, and Syracuse economy in top 20 in nation
Rochester has retained its status as one of the healthiest metropolitan economies in the U.S., according to the Brookings Institution think tank.
Brookings has taken a quarterly pulse of the nation's 100 most populous metro areas since the first quarter of 2009. The latest report, based on this year's April-June quarter, has Rochester in the top 20, joined by Albany and Buffalo. They are the only three metros in the Northeast to make the national top 20 — and Rochester stands alone in the Northeast for making the national top 20 in all six Brookings reports.
Washington-based Brookings said Rochester continues to rate highly because employment and the housing market are stable compared with the vast majority of U.S. metro areas.
Complete Story.
September 13, 2010 - Auburn Pub – Manufacturing Research Institute of NY launches in Syracuse
The Manufacturers Association of Central New York announced the launch of the Manufacturing Research Institute of New York today.
The institute will be located at MACNY headquarters in Syracuse. Its focus will be to analyze and research how to best grow and sustain the manufacturing industry in New York, raise public awareness of the importance of manufacturing to New York's economy and assist manufacturing companies in finding and locating skilled labor.
Complete Story.
September 10, 2010 - Times Union– Mutually beneficial deal
A collaboration between Lockheed Martin Corp., the Albany-based College of Nanoscale Science and Engineering, and a central New York economic development agency is expected to grow into a $250 million investment in the next year and a half, and perhaps to as much as $1 billion over time. That's according to Alain Kaloyeros, senior vice president and CEO of CNSE, part of the state University at Albany. Centerpiece of the new endeavor is a vacant former General Electric Co. laboratory in the Syracuse suburb of Salina.
Complete Story.
September 9, 2010 - NanoWerk – Creation of nanotechnology innovation and commercialization excelerator in upstate New York
New York State Assemblyman Al Stirpe (121st district) today announced an exciting new partnership that will bring high-tech jobs and economic growth to the Central New York region through the creation of the Nanotechnology Innovation and Commercialization Excelerator (NICE) at Electronics Park, in Salina.
A partnership between Lockheed Martin, the College of Nanoscale Science and Engineering (CNSE) of the University at Albany, and the CenterState Corporation for Economic Opportunity (CenterState CEO), the $250 million NICE initiative will enable the creation of 250 new high-tech jobs and position the region to become a leader in the nanotechnology industry by building on the growing cluster of nanoscale education, research and development, and commercialization assets in upstate New York.
Complete Story.
August 30, 2010 - Democrat and Chronicle –Livingston-Genesee named No. 2 food processing area in U.S.
Livingston and Genesee counties have been named the second-best food processing region in the country, according to the 2010 rankings of Business Facilities, a magazine which specializes in site selection issues. An abundance of fresh water and productive farm land were cited as reasons food companies love the area.
Complete Story.
August 22, 2010 - Post Standard – National Grid program offers incentives to study engineering
National Grid is giving local high school students the opportunity to explore engineering careers with a program designed to inspire and attract youth to the profession.
“There are fewer engineers today,” said Kathy Lyford, vice president of electric operations of National Grid. “The demand for engineers is increasing and the amount of engineers coming out of college is decreasing.”
Complete Story.
August 22, 2010 - Business First – U.S. foreclosure woes not felt in Buffalo
Rising foreclosure rates that are plaguing much of the U.S. are not mirrored in the Buffalo area or Upstate New York. A mid-year report released Thursday by RealtyTrac Inc. of California shows foreclosure filings in five Upstate markets — Buffalo, Rochester, Albany, Syracuse and Utica/Rome — rank at the low end of the 206 markets measured nationwide.
Complete Story.
August 22, 2010 - Democrat and Chronicle – Area college enrollment strong despite economy
With new housing for more than 400 students, the $55 million Global Village complex on the campus of Rochester Institute of Technology is a sure sign that the college ’s enrollment is growing. RIT’s student population is approaching 17,000, up about 1,800 from five years ago. While some higher education institutions nationwide have been left financially strapped by the recession, others have found themselves in greater demand.
Complete Story.
August 20, 2010 - Business First – Wind power lifts community coffers
Five years ago, the Town of Eagle in Wyoming County was in the early stages of researching how wind energy could generate money as well as power. “Our goal was no town taxes, free garbage pickup and to put enough money away for the future,” said town Supervisor Joseph Kushner. Since then, the idea has become reality and the town of 1,200 is enjoying what Kushner had envisioned and more. The bounty of the turbine-dotted farmland includes newly paved roads, free senior and summer programs and, last year, a new $130,000 ambulance was purchased. More recently, the town added a new fire truck and plow truck, each of which cost $200,000..
Complete Story.
August 20, 2010 - Washington Examiner – Glance: World's 3 largest contract chip makers
Globalfoundries Inc. is based Sunnyvale, Calif., with factories in Germany, Singapore and upstate New York. It's the former manufacturing arm of Advanced Micro Devices Inc., Intel's largest competitor in computer processors. The majority is now owned by the Persian Gulf state of Abu Dhabi. Market share in 2009, according to iSuppli: 15 percent.
Complete Story.
August 19, 2010 - The Business Review – Albany area gained 1,300 private-sector jobs in year ending July 31
The Albany region added 1,300 private-sector jobs over the past year while the 52 upstate counties lost 3,700, according to new state labor data released Thursday. The data reflect the fact that businesses continue to drive the local economy as state government continues to cut jobs. The private-sector results would have been even stronger if not for the extended summer shutdown at General Electric Co.’s plants in Schenectady, a state analyst said.
Complete Story.
August 7, 2010 - Post Star – Warren County: Ready or not for growth?
Let the selling cycle begin. As GlobalFoundries' $4.2 billion computer chip plant takes shape in Malta, anticipation over its regional economic impact is growing. The Center for Economic Growth in Albany estimates that 50 to 60 GlobalFoundries suppliers and customers will move from around the world to be near the plant. Some, including larger manufacturing operations with more demanding infrastructure needs, will look to settle near the chip fabrication facility in the Luther Forest Technology Campus. Others, though, will set up a comfortable distance up or down the Northway.
Complete Story.
August 7, 2010 - Buffalo News – Area's jobs outlook better than nation's
Flat national unemployment numbers out Friday tamped down hopes of an economic upswing, but local experts say the story behind the figures may be slightly more encouraging in Western New York.
Complete Story.
July 29, 2010 - Business First – U.S. foreclosure woes not felt in Buffalo
Rising foreclosure rates that are plaguing much of the U.S. are not mirrored in the Buffalo area or Upstate New York. A mid-year report released Thursday by RealtyTrac Inc. of California shows foreclosure filings in five Upstate markets — Buffalo, Rochester, Albany, Syracuse and Utica/Rome — rank at the low end of the 206 markets measured nationwide.
Complete Story.
July 28, 2010 - GetSolar –Solar Farm Planned for Upstate New York
A 15-megawatt New York solar power system is in the works, reports indicate. The solar array will be installed in the town of Coxsackie. It will occupy 128 acres - and it will have a number of benefits for the Coxsackie area. For one thing, the Daily Freeman newspaper reports, between 25 and 30 construction jobs will be created during the solar plant's assembly. Five or six permanent maintenance workers will also be needed. And Sandy Mathes, the Greene County Industrial Development Agency's executive director, noted that the county would enjoy a new source of tax revenue.
Complete Story.
July 28, 2010 - MarketNews.com – New York: Economy Shown Further Strengthening
The Second District's economy has shown further signs of strengthening, on balance, since the last report. Input price pressures have receded a bit, while consumer prices appear to be steady. There are signs of improvement in the labor market across a range of industries. Manufacturing-sector contacts report some recent leveling off in business activity, after a strong second quarter. General merchandise retailers report ongoing improvement in business, with sales running on or above plan and inventories reported to be at favorable levels.
Complete Story.
July 1, 2010 - NY Loves CleanTeach – The future of American-made vehicles to take place in Central New York
Designer Van DiBernardo has Multiple Sclerosis and as a result he has a hard time in hot weather. So he designed a vest, it's a cooling garment that he hopes becomes one of the hottest ideas at this year's Buffalo-Niagara Investor High Tech Forum.
Complete Story.
June 25, 2010 - YNN – High tech forum hopes to improve economy
Designer Van DiBernardo has Multiple Sclerosis and as a result he has a hard time in hot weather. So he designed a vest, it's a cooling garment that he hopes becomes one of the hottest ideas at this year's Buffalo-Niagara Investor High Tech Forum.
Complete Story.
June 25, 2010 - Brookings, Metro Monitor– Employment
The maps below display changes in employment for each of the 100 largest metro areas from: (a) the metro area’s peak employment quarter to the most recent quarter, measuring the extent to which employment has recovered from the recession’s full impact; and (b) the previous quarter to the most recent quarter, measuring whether employment is moving toward recovery.
Complete story.
June 25, 2010 - Brookings, Metro Monitor – Unemployment Rate
The maps below display, for the 100 largest metro areas, the: (a) percentage of the labor force that is currently unemployed (not seasonally adjusted) in the last month of the most recent quarter; (b) change in the unemployment rate from the same month three years ago; and (c) change in the unemployment rate from the same month in the previous year (the same month is used in change calculations to account for seasonality).
Complete story.
June 25, 2010 - Brookings, Metro Monitor – Overall Performance
The map below classifies the 100 largest metro areas into 5 categories (quintiles), based on their average rank across a series of four indicators: employment change from peak; unemployment rate change from one year ago; gross metropolitan product change from peak; and housing price index change from one year ago.
Complete story.
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