Central New York Business Journal

Based in Syracuse, N.Y., the Business Journal News Network stands out as Central New York's sole company that offers print, digital, and event services dedicated to local businesses. We specifically cater to business owners, managers, and key decision-makers in the corporate world.

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Wolfspeed announces Chapter 11 bankruptcy plans

3 days ago | cnybj.com | Traci DeLore

DURHAM, N.C. and MARCY, N.Y. — Wolfspeed, Inc. (NYSE: WOLF), which operates a facility in Marcy, announced plans to file for pre-packaged Chapter 11 bankruptcy as part of a restructuring support agreement with key lenders, including the holders of more than 97 percent of its senior secured notes. It’s a move the company expects to reduce its overall debt by 70 percent, or $4.6 billion, and reduce its cash interest payments by 60 percent.
Brockway-Carpenter Real Estate formally opens new Utica office

3 days ago | cnybj.com | Traci DeLore

UTICA, N.Y. — Brockway-Carpenter Real Estate is celebrating its new office at 288 Genesee Street with a ribbon-cutting ceremony on Thursday, June 26. The office is located on the second floor of the building. According to an announcement from the Greater Utica Chamber of Commerce, the formal opening event will take place from 4-6 p.m. […] Already an Subcriber?
International Wire Group to acquire Pennsylvania copper company

4 days ago | cnybj.com | Traci DeLore

CAMDEN, N.Y. — International Wire Group (IWG), a member of the Olympus Partners and Atlas Holdings portfolio, entered into a purchase agreement to acquire Hussey Copper of Leetsdale, Penn. “This acquisition represents our steadfast commitment to broadening our presence in the electrical infrastructure ecosystem,” IWG CEO Gregory Smith said in a press release announcing the […] Already an Subcriber?
Waverly man arrested for grand larceny

1 week ago | cnybj.com | Traci DeLore

WAVERLY, N.Y. — The New York State Police at Owego announced they arrested a Waverly man on Wednesday, June 18 for allegedly stealing thousands of dollars from his victim’s bank account. Timothy Davis, 42, was charged with third-degree grand larceny, a felony. State Police say they received a report on June 10 that a victim discovered Davis spent thousands of dollars from their bank account after taking their bank card without permission.
D&R Technical Solutions brings new leaders to the forefront

1 week ago | cnybj.com | Traci DeLore

Also celebrates 35th year anniversary VESTAL — Engineering-services firm D&R Technical Solutions, Inc. is celebrating more than three decades in business with a changing of the guard. John Mulligan has stepped down from the role of company president, and is letting new leaders take the helm and guide the company going forward. Mulligan, the company […] Already an Subcriber?
Semikron Danfoss announces Marcy downsizing initiative

1 week ago | cnybj.com | Traci DeLore

MARCY, N.Y. — Semikron Danfoss plans to ramp-down production at its facility in Marcy as part of a controlled scale-down over the remainder of the year as dwindling customer demand and shifts in governmental policy continue to negatively affect the electric vehicle (EV) industry, the company said. “This was an incredibly difficult decision, company President Dominic Dorfner said in a statement. “We deeply value the contributions of our Utica team.
Air Force’s Rome Lab generated nearly $600 million economic impact in latest fiscal year

1 week ago | cnybj.com | Traci DeLore

ROME, N.Y. — The Air Force Research Laboratory Information Directorate in Rome had a $599 million economic impact on the Utica-Rome and Syracuse metropolitan statistical areas, which includes Herkimer, Madison, Oneida, Onondaga, and Oswego counties, in fiscal year 2024. It’s an increase of 17.7 percent, or $90 million, from fiscal year 2023, the Rome Lab announced. That impact includes $318 million allocated towards annual expenditures within the five-county region.
Leaders celebrate completion of Munson Park

1 week ago | cnybj.com | Traci DeLore

UTICA, N.Y. — The Downtown Revitalization Initiative (DRI) project to create a public park on underutilized land at Munson, located in the Oneida Square neighborhood, is officially complete. Secretary of State Walter T. Mosley was in Utica on Wednesday, June 18 to commemorate the project, which will provide a public space for arts and culture programming in conjunction with Munson’s museum and art school.
New North Country business park will be home to Tractor Supply store

1 week ago | cnybj.com | Traci DeLore

LeRAY, N.Y. — Lundy Development and Property Management announced the start of site work on a new business park in the town of LeRay on Route 11 that will be home to Tractor Supply. The park, named Freedom Commons, is located between the Freedom Plaza and the Calcium Walmart on Route 11. Plans for the […] Already an Subcriber?
MACNY Talent Development Awards honor contributions to workforce excellence

1 week ago | cnybj.com | Traci DeLore

SYRACUSE, N.Y. — MACNY, The Manufacturers Association celebrated its 2025 Talent Development Awards on Monday, June 16 at The Milton J. Rubenstein Museum of Science and Technology (The MOST). MACNY co-hosted the event, which celebrated students, educators, and employers in the region, with Partners for Education & Business, Inc. (PEB).