CNY Economy

Brian Moore

Getting and keeping a job is one of the best proven ways out of poverty. WAER's Brian Moore explores workforce development programs in Syracuse that are helping people gain skills and lasting employment. In the first episode of his series, he goes to the Catholic Charities culinary school program and learns how cooking is a step for many into a better life. 


provided photo / M & T Bank

An M&T Bank survey of Upstate New York businesses and manufacturers seemingly reflects the increase of U.S. GDP announced last week of 4.1% during the second quarter of 2018.  Ahead of that news, the M&T survey was conducted in May and found that 57% of Upstate businesses anticipated the economy would continue to improve.  However, Manager of Small Business Banking, Lee DeAmicis of Syracuse said that these businesses wanted to be certain of the fate of the economy.

Flickr/Governor Cuomo

A Liverpool business was shown Wednesday as an example of how Central New York’s economy is rising – and how the CNY Rising initiative is helping.  Governor Andrew Cuomo visited JMA Wireless, which recently expanded and added 280 jobs. CEO John Mezzalingua knows his high-tech business could go anywhere.  But he has roots -- and confidence -- here. 

Katie Zilcosky / WAER News

A new report released Wednesday by the State Comptroller shows that Central New York’s post-recession economy remains in a state of transition when factoring in unemployment, poverty and large employers moving out.  However, there are bright spots including a workforce of young adults who attended college locally, a technically experienced workforce, and a lower cost of living.  Tom DiNapoli has been focused on auditing economic development programs such as Start-Up New York and others which aims to lure new companies and create new jobs. He says there’s room for improvement.

downtownsyracuse.com

Economic Forecasters say Central New York’s economy will likely experience and mix of slow and steady growth in 2016.  The results of surveys given to nearly 200 CenterState C-E-O members and business leaders towards the end of the 2015 were released this morning during the corporation’s annual breakfast.  President Rob Simpson says when members were polled and surveyed, they didn’t know the region was going to win the Upstate Revitalization Initiative.