Economy and Business

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.

Pages