Browsing: Business

Ithaca area real estate saw a nine percent increase in residential sales in 2012, according to the Ithaca Board of REALTORS, aided by the temporary college and university populations. “In terms of the purchase market, I guess Ithaca is a little more unique than other places,” said Mark Huefner, mortgage consultant at First Niagara bank in Ithaca. “It’s such a transient population, there is always buying and selling going on. So maybe we’re not a good reflector of the rest of the country in Ithaca.” After national home prices historically dropped nearly 20 percent between 2007 and 2009, the national…

Collegiate organizations and technological research firms in Upstate New York are boosting student entrepreneurship with new startup programs and over $1 billion annual investments in research and development. At least eight successful businesses have sprung up from Cornell’s eLab program. Syracuse’s Student Sandbox business incubator has produced more than thirty startups since its inception in 2009. The recent innovation has been incorporated into New York Governor Andrew Cuomo’s economic development program, which includes selecting ten Upstate New York higher education and private sector high-tech incubators as “hot spots” for new businesses by providing tax incentives and support services. Other programs…

After thirty years of research, Bruce Reisch, a researcher at Cornell University announced that he completed the development and testing of two new species of wine grapes. Reisch made the announcement at the Viticulture 2013 Conference & Trade Show on Feb. 7., in Rochester, N.Y. The new varieties, Aromella and Arandell, are the latest creations of Cornell’s New York State Agricultural Experiment Station on the north shore of Seneca Lake in Geneva, N.Y. Specifically molded to combat the difficulties that come with growing grapes in the Central Region of New York, Reisch worked to ensure the Aromella grapes were hardy…

Two Ithaca restaurateurs have started a pop-up kitchen serving street food at Lot 10, a bar on the Ithaca Commons. Manny Flores and Gentry Morris, who worked at Mercato (which has been closed after a fire last December), opened Belly Ithaca, which serves whimsical pork entrees with locally sourced ingredients. The pop-up, which opened on Feb. 15, operates on Friday and Saturday nights from 7 p.m. to 12:30 a.m. on the lower level of Lot 10 and serves to roughly 95 customers a night, according to Morris. Andrew Defran, a financial advisor at Merrill Lynch and Ithaca resident for three…

This year’s “Ithaca Loves Teachers Program,” an initiative that invites teachers to visit Ithaca, brought in an estimated five thousand tourists, attracting business during one of the slowest times of the year. Created seven years ago, the program offers NY State teachers great deals at hotels, restaurants, local shops, and attractions in the Ithaca area. The deals are offered during the school break knowns as winter recess, which lasted from February 15th to 24th this year.“Basically the entire city of Ithaca goes on sale,” Jodi LaPierre, of the Ithaca Visitors’ Bureau, said.Last year the initiative brought an estimated $714,000 to…

Although the number of all-female founders has increased from one to five in the past two years according to “30 Most Influential Young Entrepreneurs” list by Under30Media, women are still facing gender-based obstacles in the workforce, research shows. An American Express OPEN report that was released in March 2012 estimated 8.3 million women-owned businesses in the United States generated nearly $1.3 trillion in revenue and employed over 7 million people. With a 54 percent increase in American female-owned businesses over the past fifteen years, women are still making strides when it comes to owning these businesses. Shaherose Charania, the CEO…

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