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I wonder if Lockheed Martin is looking to expand its Owego plant, as it appears that many of the jobs were going to go there, according to the article.
As for Anheuser-Busch, this may be another of a foreign based company buying a plant just to consolidate operations somewhere else.
Now there is Anaren to worry about now that they are being purchased by Verita's Capital. Who knows what they will do with the company.
I saw that and hopefully this works out for the area. What may help is that the Managing Partner of Veritas has a connection to the area, as he did graduate from Colgate. So, hopefully they will consider the potential in the area.
I saw that and hopefully this works out for the area. What may help is that the Managing Partner of Veritas has a connection to the area, as he did graduate from Colgate. So, hopefully they will consider the potential in the area.
That is encouraging news ckh, plus Veritas is HQ in NYC which is a stone throw from Syracuse by air. Unlike the Chicago-based private equity firm that was interested (and rejected) by Anaren, Verita's reps can fly into Syracuse in the a.m. and be home by dinner that evening. Unfortunately, money talks and bull#^&t walks when it comes to profits, i.e.:
If Verita's concludes they can make more money in another state with less regulations or sell off their investments at a profit, they will. As you noted though, hopefully they will take into consideration Syracuse's potential and the concentration of engineers, related companies and research in the area.
Last edited by urbanplanner; 11-05-2013 at 11:42 AM..
When people ask why education and construction are so expensive, look at what is going on at the top because that seems to trickle down to even the lowest man on the totem pole. It's a big money party and everyone is dipping in.
When people ask why education and construction are so expensive, look at what is going on at the top because that seems to trickle down to even the lowest man on the totem pole. It's a big money party and everyone is dipping in.
Nice find and that is a darn shame. These people end up playing themselves in the end and then people wonder why some things that need to be done at these institutions can't be done.
When people ask why education and construction are so expensive, look at what is going on at the top because that seems to trickle down to even the lowest man on the totem pole. It's a big money party and everyone is dipping in.
Don't you understand, people like Nancy Cantor (SU), Fred Pestello (Le Moyne), Kathryn Ruscitto (St. Joseph's Hospital) and David Smith (SUNY Upstate) are the epitome of enlightened leadership of our anchor institutions and must be left to control the destiny of CNY. Their forward thinking leadership that was predicated on the bastardization of academic standards, nepotism (especially in the case of SUNY Upstate), increasing student enrollment with no consideration given to the quality of the applicant pool, and building empires that would provide construction jobs and help train refugees to scrub toilets at St. Joseph's Hospital and the John Milton Motor Inn was essential for the transformation occurring in our city. Business executives, economists, and other independent experts are not entitled to a seat at the table as they are not the industrious leaders of our anchor institutions. The leadership occurring right now is nothing short of monumental and unrivaled in history.
I'm being facetious but much of the above goes part and parcel with the specious reasoning and talking points advanced by groups like CenterState CEO, Mayor Miner, and Joanne "Baloney" Mahoney.
it's also worth noting that Syracuse Community Health Center recently sold off its money losing Total Care practice to a for-profit downstate company. Total Care received several hundred thousand dollars from NYS as part of the regional economic development council awards announced by the Cuomo Administration. At the time, the money was going be used for software upgrades for medical records. Earlier this week, it was disclosed that Total Care is going to be bought by a large company that ostensibly already has an advanced IT systems and the resources which will be integrated into Total Care. What happened to that money?
Ruben Cowart, CEO of the Syracuse Community Health Center and Total Care is a board member of the CNY Regional Economic Development Council and requested (and received) millions of dollars in state funding to help his own organization. The expansion of the SCHC project was announced more than 7 years ago yet wasn't officially underway until Cowart had the influence to funnel money to support the expansion. State taxpayers contributed to an overhaul of Total Care's IT system which is likely to be gutted when a large, private company acquires the Syracuse agency and connects it to their existing IT system. http://www.syracuse.com/news/index.s...0_company.html
Here are just some examples of the amazing developments that have been occurring thanks to the forward thinking and progressive leadership of these anchor institutions:
For a while, the state and feds were throwing money at meds and eds. That money has dried up and these big wigs are cashing out and moving on. If they keep looking into this David Smith situation, they might open Pandora's Box. the Syracuse Good Ol' Boys Club should be a little worried that investigators will follow the money trail.
For a while, the state and feds were throwing money at meds and eds. That money has dried up and these big wigs are cashing out and moving on. If they keep looking into this David Smith situation, they might open Pandora's Box. the Syracuse Good Ol' Boys Club should be a little worried that investigators will follow the money trail.
To be honest, that club probably should have been broken up years ago.
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