Tagged: upstate economy

Startup businesses in upstate New York, a region that sometimes struggles to attract big investors, are anxiously awaiting permission to begin soliciting funding from a new type of investor.

This season's snowfall has brought back revenue for many winter sports industries in central and northern New York, after last year's winter with lower than normal snow levels. Friday's snowstorm that blanketed the East Coast was beneficial to area ski resorts, including Greek Peak in Cortland County.

Nucor Steel employs about 300 people in Auburn, New York. Company officials asked for Rep. Dan Maffei's support of infrastructure projects that use American steel, when he paid a visit recently.

The New York Farm Bureau is optimistic following news that Congress is working to pass new immigration reforms. The bureau, a lobbying group, says it was very excited to hear the proposals made by a bipartisan group of senators and by President Barack Obama this week.

Despite the sluggish economy, at least one small town in the Finger Lakes has been seeing some promising signs of life in its downtown corridor.

Tourism professionals in upstate New York are applauding Gov. Andrews Cuomo’s commitment to the region. In order to augment upstate economic growth, the governor has set aside $7 million in the budget for promotion and marketing initiatives.

Organizers of an annual gun show in Albany say they are seeing bigger crowds this year, due to the recent changes to New York's gun control laws and potential changes at the federal level.

Syracuse-area Rep. Dan Maffei is getting reacquainted with central New York voters. The first of a series of listening tours this week focused on business in the new 24th Congressional District.

In his third State of the State address, Gov. Andrew Cuomo outlined a new initiative to create ten "Innovation Hot Spots" - areas where startup businesses can receive support, access venture capital and possibly tax breaks.

The main economic booster engine for central New York is predicting economic growth in the region in 2013 will look a lot like last year.