upstate economy

Alex Crichton, WXXI

ROCHESTER (WXXI) - There are billions of dollars in state contracts that are going to be available to minority and women owned businesses, or MWBE's, in New York State. 

That's according to Lourdes Zapata, Executive Director of Minority and Women's Business Development at Empire State Development.

Zapata is working to develop programs and policies which are designed to increase contracting opportunities for that group.

AP Photo/Richard Drew, File

ROCHESTER (WXXI) - Rochester and Buffalo are hoping that two cities are better than one, when it comes to trying to attract major investment from the online behemoth Amazon. 

In September, the company said it needed to build a second corporate headquarters, a project that would see the company spend more than $5 billion and hire as many as 50,000 employees.

A number of communities across the country are vying for that new Amazon facility, and Rochester officials already said they are interested, as did people in Buffalo.

Several projects that are underway in Watertown to transform the city's downtown are getting a major boost. The city has won New York's top prize in the Downtown Revitalization Initiative (DRI) competition for the North Country, and the $10 million that comes with it.

aidaneus / Flickr

All 12 of the metro areas in New York State had economic growth rates below the national average last year. 

That’s according to the Empire Center, a fiscally-conservative think tank which looked at the recently released federal data on Gross Domestic Product.

ROCHESTER (WXXI) - A new report from the New York State Comptroller’s office highlights the economic profile of the Finger Lakes region. Speaking from the Wine and Culinary Center in Canandaigua, State Comptroller Thomas DiNapoli presented the findings based on the nine county area.

Now that the Mohawk Valley Health System has secured the necessary state funding, designs are underway for its new hospital in downtown Utica. Officials working on the project say the hospital will breathe new life into downtown and make the surrounding area more attractive. But that could come at the expense of dozens of businesses that are already operating in the proposed footprint.

MICHAEL MROZIAK, WBFO

BUFFALO (WBFO) - Gov. Andrew Cuomo and several other elected and government leaders drew some laughs, but also some praise as they announced another state investment in the National Comedy Center, which is currently undergoing construction in downtown Jamestown. 

Upstate New York, like the rest of the country, has suffered through decades of job losses in manufacturing. But some manufacturing companies in the Mohawk Valley and Southern Tier can’t find enough skilled workers to fill job openings.

President Donald Trump says upstate New York is not working and people are "getting very badly hurt." The president made the comments during a recent interview with the Wall Street Journal, suggesting people leave the area in search of better work elsewhere.

Trump's remarks were made while he was talking about Foxconn, a Chinese manufacturer, that he says will open a LCD flat-screen manufacturing plant in Wisconsin.

Gage Skidmore / Flickr

ROCHESTER (WXXI) - Local business leaders are responding to comments made by President Trump about the economy in Upstate NY.  

WhiteHouse.gov

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. 

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. 

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. 

Lockheed Martin

Three years after the Lockheed Martin plant in suburban Syracuse was nearly closed, the Salina location has received the single largest contract in its history. Changing methods of warfare have paved the way for more production of a special kind of radar made in central New York.

Bret Jaspers / WSKG News

Take action. That was the message from Vice President and Regional Economist at M&T Bank Gary Keith to Binghamton’s business community on Tuesday.

Payne Horning, WRVO

ONEIDA (WRVO) - Inside a factory near Oneida, a roll of flat, shiny steel slowly inches into a machine that cuts, imprints and bends the metal, spitting out two shells on the other end. Sherrill Manufacturing CEO Matt Roberts says the way this machine fuses those two halves to form the handle of a knife,  through a process called brazing, is one of a kind. But this machine is not the only unique thing about this factory. 

Ellen Abbott, WRVO

SYRACUSE (WRVO) - “Buy American” has been the rallying cry on a number of fronts this month, from President Donald Trump in his inaugural address to New York Gov. Andrew Cuomo’s “Buy American” plan in his legislative agenda for 2017.  And boosters of manufacturing in central New York say the Syracuse-area could benefit from the attention. 

Ellen Abbott, WRVO

(WRVO) Gov. Andrew Cuomo introduced a Made in America proposal in his state budget, but a group of breakaway Democrats in the State Senate has its own idea about promoting goods manufactured in the United States. 

Richard Drew / AP Photo

 

One of Gov. Andrew Cuomo’s signature economic development programs is being downsized in his new state budget. 

Nathan Bittinger / Flickr Creative Commons

For decades, there was concern about  "brain drain"- the flight of young adults from the Rochester region and other parts of Upstate New York. Now, that trend is reversing.

Central New York Economy Behind The Pack

Jan 12, 2017
Ellen Abbott, WRVO

(WRVO) Central New York’s economy continues to lag behind others across the country and in upstate, according to the CenterState CEO annual economic forecast. 

Tom Magnarelli, WRVO

For more than 30 years, the Seneca Meadows Landfill has operated in Seneca County. But a recently passed local law will close the landfill in nine years. The landfill provides jobs and revenue to the area, but some residents see this region moving in a different direction for its future.

Matt Ryan, WMHT

Recommendations on how to go forward with some of Gov. Andrew Cuomo’s economic development contracts tainted by scandal are expected to be out soon, according to the governor’s economic development chairman.

Mike Groll / AP Photo

Several races for Congress in upstate New York were expected to be competitive, but Republicans won those comfortably. Some experts say the GOP winners in the region got a boost from Donald Trump’s name at the top of the ticket. And having Republicans control all branches of government could mean more leverage for upstate residents.

Mike Groll / AP Photo

Recommendations on how to go forward with some of Gov. Andrew Cuomo’s economic development contracts tainted by scandal have been delayed for another few weeks, the governor’s economic development chairman said.

Tom Magnarelli, WRVO

The central New York economy is the focus of a new report by the state comptroller’s office. An analysis of how the region has recovered since the recession shows some improvements but also many challenges. 

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