When the alarm clock sounds, there’s one thing you can count on: fresh Trail Mix from your friendly Innovation Trail team.
Today, in the news:
A new fracking study loses some legitimacy.
A new law in Ohio has some major implications for Lake Erie.
And: Hundreds of layoffs in DeWitt.
Business
The “peer reviewed” label has been struck from a study released by the University at Buffalo’s Shale Resources and Society Institute. The report studied fracking violations in Pennsylvania and posited that the controversial natural gas drilling technique was becoming safer. (Jon Campbell, Gannett)
A national developer of student housing has scooped up a large swath of property near the University at Buffalo’s North Campus for $10.5 million. (Jonathan Epstein, Buffalo News)
New Process Gear in DeWitt, N.Y. has announced that over 400 factory workers will be laid off later this summer. (Charley Hannagan, Syracuse Post-Standard)
Government
The state’s pension fund continues to grow. It’s now worth $150 billion, according to State Comptroller Tom DiNapoli. (Casey Seiler, Albany Times Union)
The governor of Ohio is set to sign a bill that would allow businesses to siphon 2.5 million gallons a day from Lake Erie. A similar bill allowing 5 million gallons a day was vetoed last year. (Jerry Zremski, Buffalo News)
Former State Senator Antoine Thompson surprised pundits Wednesday by announcing he’s staying on the sidelines in this fall’s Democratic primary. According to Robert McCarthy of the Buffalo News, Thompson had all but declared his candidacy.
Parking rates in Rochester could see a big jump. (Brian Sharp, Rochester Democrat & Chronicle)
Native plant species will be planted on the roof of the SUNY College of Environmental Science and Forestry. Covering the cost? New York taxpayers. (Glenn Coin, Syracuse Post-Standard)
State retirees are seeking to squash insurance increases. (Rick Karlin, Albany Times-Union)
