business

7:59am

Tue April 1, 2014
Business

Winter dealt a blow to some North Country businesses

The relentless snow that pounded part of the North Country this past winter kept kids out of school and people home. That also meant a hit for some businesses in the region.

Lori Wells co-owns Café Mira, a restaurant in Adams, south of Watertown. The eatery employs about a dozen people and is only open four days a week. So when Wells and her partner, Lisa Reed, had to make the call three times this winter to not open, that was a hit to their business.

They hadn’t had to close at all in the four years they’ve been owners, Wells said.

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9:36am

Fri March 21, 2014
Veterans

Economic prospects for veterans looking up

Sens. Kirsten Gillibrand and Charles Schumer (D - N.Y.) stand with a group of veterans in 2012.
Ryan Delaney WRVO

Military veterans bring a unique skill set when starting their own businesses, but they also face many of the same challenges as non-veteran entrepreneurs.

There are more than 900,000 vets in New York state and the unemployment rate among those who served in the last decade is consistently higher than state and national levels.

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2:32pm

Thu January 16, 2014
Business

This year's economic forecast? Steady as she goes, maybe better

Central New York’s major economic booster group is predicting the region’s economy this year will be more of the same, maybe a little bit better.

Businesses in central New York are only slightly bullish about economic growth in CenterState CEO’s annual economic survey.

The pro-business group teams up with M&T Bank to put out the forecast. The bank foresees the economy will grow slightly more than it did last year. The region has seen 17 straight quarters of growth.

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2:05pm

Tue January 7, 2014
Business

Oswego County luring business, jobs to area

Originally published on Tue January 7, 2014 10:40 am

A car made with Novelis aluminum on display during the company's October commissioning ceremony.
Gino Geruntino WRVO

After losing several big name manufacturing plants in recent decades, Oswego County has been aggressively trying to lure new companies in, filling vacant facilities with new tenants. The most recent announcement was made in Fulton, where a Pakistan-based poultry processor has taken over the former Birds Eye plant.

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2:21pm

Tue December 17, 2013
Business

Syracuse takes "first step" toward seizing old Hotel Syracuse

This will hopefully be the last winter the old Hotel Syracuse sits empty, economic development officials say.
Ryan Delaney WRVO

Syracuse economic development officials have taken “the first step” toward taking ownership of the old Hotel Syracuse so it can be re-opened, in hopes this will be the last winter it sits dormant.

The construction that will re-open the shuttered building is still months away, though, as bureaucracy has to work its course first.

The Syracuse Industrial Development Agency named its “preferred developer” Tuesday, which will trigger an environmental review and a public hearing. The city’s Ben Walsh says that will allow them to exercise eminent domain if need be – the state’s power to take over private property - after two years of other attempts.

"Between the urgency associated with the property and the fact that we feel like we have the right developer and vision for the project, the timing is right to move," said Walsh.

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