Economy and Business

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President Donald Trump hosted the owners of Oneida County's Sherrill Manufacturing at the White House Wednesday for a "Made in America" showcase. At a roundtable discussion with 20 small businesses, he praised the company's co-owner Gregg Owens for being the country's only remaining silverware manufacturer. 

Payne Horning, WRVO

SYRACUSE (WRVO) - An attempt to get the U.S. military to buy utensils solely from an Oneida County factory, the only silverware manufacturer in the country, was unsuccessful, but Sherrill Manufacturing's CEO is optimistic about a meeting the company has at the White House this week. 

Randy Gorbman / WXXI News

ROCHESTER (WXXI) - The Erie Canal has a very big economic impact on New York State, but more needs to be done to make people aware of its importance and how they can enjoy it. 

Dougtone / Flickr

New York State has approved nine projects it will help fund in Oneonta's Downtown Revitalization Initiative. In total, it's a little less than $10 million.

That's the amount the state announced last summer that it would offer to ten cities - including Oneonta - to revamp their downtowns.

After months of brainstorming ideas with residents and coordinating with urban planners from the state, Oneonta city leaders submitted a final proposal earlier this year. Last week, the state announced the final list of which projects would get money and how much.

Solvejg Wastvedt

 

An upstate dairy co-operative will be taking over the Kraft Heinz plant in Campbell. Governor Cuomo and other state leaders announced the deal late last month. 

Gabe Altieri / WSKG

 

The final projects in Elmira’s downtown revitalization plan are now official. Governor Cuomo’s office released the list Wednesday. In all, just under $10 million will go to new projects, a zoning update, and a loan program for building owners.

BeyondDC / Flickr

Ride-hailing apps are authorized to operate in upstate New York starting today. Apps like Lyft and Uber had been bound to the New York City area until now.

Ellen Abbott, WRVO

SYRACUSE (WRVO) - The impact of the more than a billion dollars the state has invested for economic development in central New York should be kicking in soon, according to state officials. At a ribbon cutting event in Syracuse Thursday, Lt. Gov. Kathy Hochul took pains to explain how often she has been to central New York in the last 2 1/2 years. 

VERNON DOWNS RACING CASINO AND HOTEL

The owner of Vernon Downs Jeff Gural says without intervention from state lawmakers, his business will close. Gural says the racino and hotel loses about $5,000 every day. That's why he plans to start shutting down the facility, first the casino in September and then the racetrack in November. 

SYRACUSE UNIVERSITY PHOTO BY STEPHEN SARTORI

SYRACUSE (WRVO) - A study of the central New York labor market finds a disconnect between people looking for jobs and organizations trying to hire. 

Marguerite Jones / WSKG

New York Governor Andrew Cuomo’s economic development programs have been criticized for a lack of results. He's said they’ll bring jobs to the state, others argue that’s not happening.

Karen DeWitt

ALBANY (WSKG) - With less than two weeks left in the legislative session, some New York lawmakers are pressing for reform of the state’s economic development contracting process in light of a scandal that’s led to federal corruption charges against several former associates of Gov. Andrew Cuomo. 

Businesses Along Lake Ontario Hurt By Flooding

May 31, 2017
Veronica Volk / Great Lakes Today

ROCHESTER (Great Lakes Today) - Spring flooding along Lake Ontario is damaging many homes along the shoreline, and it’s hurting people who have businesses there. Now, business owners say it will take a long time to recover -- even after the floodwaters go away. 

Emma Lee/WHYY

KEYSTONE CROSSROADS - There are millions of Americans out there who don't have much of an opinion about their local convenience store brand. They'll stop at a 7-Eleven for a snack, a Shell station for gas and any old truck stop to use the bathroom. They're not likely to describe their relationship with a convenience store as "love." 

JeepersMedia / Flickr

Workers at the Kraft-Heinz factory in Steuben County can keep their jobs a little longer. Kraft was going to start shutting down on May 26 if they couldn’t find a buyer, but there's some interest.

It’s not publicly known who the interested buyers are, but a spokesman with Kraft, Michael Mullen, said they’re optimistic they’ll reach a deal by the end of the summer.

Gabe Altieri / WSKG

State lawmakers on both sides of the aisle are touting workers' compensation reform as a win this legislative session. It was added as part of the recently approved New York State budget.

Gabe Altieri / WSKG

Micatu is growing fast, The Horseheads start-up has over 20 employees right now and wants to expand to more than a hundred. “Started in my garage with $75 and, you know, five years later, here we  are," co-founder Mike Oshetski explained.

US Mission Geneva / Flickr

 

BOISE, Idaho (AP) — Greek yogurt giant Chobani is suing right-wing radio host Alex Jones, accusing the conspiracy theorist of publishing false information about the company. 

Ellen Abbott, WRVO

SYRACUSE (WRVO) - Developers are asking the Syracuse Industrial Development Agency for tax breaks to build a new Hampton Inn in Syracuse’s trendy Armory Square neighborhood. But it comes at a time when new hotels are sprouting up all over central New York. 

Mike Groll / AP Photo

A fiscal watchdog group is questioning the state’s century-old prevailing wage law for construction workers, saying it unnecessarily costs taxpayers billions of dollars a year in added expenses for big road, bridge and other projects.

Gabe Altieri / WSKG

Public money is often used to fund stadium upgrades. Elected officials say it builds up a local economy by attracting businesses, who want to set up nearby, and people, who spend their dollars in the city.

Matt Ryan / WMHT

 

ALBANY, N.Y. (AP) — Gov. Andrew Cuomo's main economic development engine for New York no longer has a provision that requires participating businesses to report how many jobs they've created.

governorandrewcuomo

BUFFALO (WBFO) - With the passage of the state budget, lawmakers have approved the Buffalo Billion II, the second wave of Gov. Andrew Cuomo's economic development plan for Western New York.  The $400 million in state dollars will help boost some high-profile projects. But there are those who believe the program's lack of transparency makes it vulnerable to corruption. 

Dougtone / Flickr

A high-tech business incubator. Rural high speed internet. Flood mitigation. A wide range of major infrastructure projects in our area are funded through the Appalachian Regional Commission (ARC).

401k / Flickr

New Yorkers are feeling better about the economy than they have in over 16 years, and one economist says you can thank President Trump for that, at least in part. 

Jeremy Brooks / Flickr

 

New Yorkers making less than $64,000 a year can receive free help filing taxes electronically. The state tax department is holding some day-long events where trained assistants help people file online.

James Gazzale, a spokesperson for the New York State Tax Department, said 92 percent of residents file electronically, and this program offers help navigating the state’s website.

Presidio of Monterey / Flickr

   

As negotiations over New York’s budget drag on, groups across the state are clamoring for information so they can plan out the next year.  Those focused on worker’s compensation reform are used to the wait. 

Is A Petrochemical Boom Headed For Pennsylvania?

Mar 27, 2017
Google Earth

Shell is expected to begin constructing its $6-billion petrochemical plant in Beaver County later this year. But a new, state-commissioned report says that may be only the beginning for Pennsylvania’s petrochemical industry. The report says the state will be producing enough of the right kinds of natural gas to support up to four ethane crackers in addition to Shell’s facility, which is slated to be online by 2021 or 2022.

Lindsey Lazarski, WHYY

KEYSTONE CROSSROADS - When playing the slots in Pennsylvania, casinos and gamblers aren't the only ones making money. The state collects 54 cents for every dollar a player loses in a slot machine. 

Karen DeWitt

Members of a leading senior citizens lobbying group are advocating for a retirement plan in New York that could benefit their children and grandchildren. 

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