8:30am

Tue October 2, 2012
Morning Trail Mix

US manufacturing trends up for the first time since May

Good Morning and welcome to the Tuesday Innovation Trail Mix.

Governor Cuomo is at the SUNY Upstate Medical Center in Syracuse this morning as part of his assessment of the progress of the Regional Economic Development Councils. The Innovation Trail's Ryan Delaney will report later today.

NATIONAL manufacturing was up above the 50 point break-even level in September. NY activity bucked the trend.

The Joint Landowners Coalition of New York are giving Governor Cuomo grief over the further-delayed fracking decision.

Jon Campbell reports in Albany Watch that the umbrella group, the Joint Landowners Coalition has come out guns blazing accusing the Governor of having "turned his back" on them.

We are baffled about how our state can ignore the biggest economic opportunity we will see in our lifetimes while we struggle to survive during the largest recession since the Great Depression.

Potential buyers of second homes on the Southern Tier are cooling their heels awaiting the fracking verdict reports Mireya Navarro for the New York Times.

Bloomberg reports on the Dimock well water saga; methane samples link it to fracking operations.

Government

New York's unemployment rate rises 0.8% while 13 other states make job gains reports the Business Review.

Upstate Medical University in Syracuse will use federal funds to provide nurse practitioner scholarships reports The Post-Standard.

Business

Rochester's Arista Power will be showing its wares at the Pentagon this week and is profiled here in the Democrat and Chronicle.

New York's manufacturing sector ran counter to the national trend in September. (Reuters and MoneyCNN)

The Arizona-based non-profit Institute for Supply Management tracked national manufacturing trends and found that manufacturing activity for September expanded after contracting the three months prior.

It goes on to say:

Of the 18 manufacturing industries, 11 are reporting growth in September in the following order: Textile Mills; Food, Beverage & Tobacco Products; Printing & Related Support Activities; Wood Products; Apparel, Leather & Allied Products; Paper Products; Petroleum & Coal Products; Primary Metals; Fabricated Metal Products; Furniture & Related Products; and Miscellaneous Manufacturing. The six industries reporting contraction in September — listed in order — are: Nonmetallic Mineral Products; Electrical Equipment, Appliances & Components; Transportation Equipment; Machinery; Chemical Products; and Computer & Electronic Products.

David J. Yanko, an important figure in the development of renewable energy in Western New York passed away last week, reports the Buffalo News.