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posticon Lansing Business Mask Sterilizing N95 Masks Process Approved

Business | Friday, September 18, 2020 | By Tompkins County Area Development Print
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Novasterilis, a local company based in Lansing and recently acquired by iFyber, LLC, was granted an emergency use authorization (EUA) by the FDA on August 20 for its carbon dioxide sterilization technology specifically to be used by healthcare facilities to enable the re-use of N95 respirators in the treatment of COVID-19.

"With the onset of the COVID-19 global pandemic, NovaSterilis recognized the potential for the Nova2200 to help address the extreme shortage of PPE for medical personnel by using our process to decontaminate N95 masks," said Tony Eisenhut, President and CEO of NovaSterilis. "Words cannot adequately describe the courage and devotion of healthcare workers caring for people with COVID-19. They deserve the best safety support we can offer. The NovaClean process effectively kills the coronavirus, and provides added comfort for healthcare personnel who receive their own N95 respirators back after decontamination, rather than someone else's."

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posticon Sales Tax Collections Down 7.8 Percent in August

Business | Friday, September 18, 2020 | By New York State Comptroller's Office Print
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Local government sales tax revenue declined by 7.8 percent in August compared to the same period last year, according to State Comptroller Thomas P. DiNapoli. August’s sales tax collections totaled $1.3 billion for counties and cities, or $111 million less than in August 2019.

This drop in revenue is similar to the decline in July of 8.2 percent, though much less extreme than the early months of the pandemic when sales tax collections plummeted by double digits.

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posticon Engineers to Design Nation’s First Public, Statewide ‘Internet of Things’

Business | Friday, September 18, 2020 | By Cornell University Print
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Cornell University engineers and researchers are designing the nation’s first statewide Internet of Things public infrastructure.

Thanks to a $1.5 million grant awarded by the National Science Foundation, Cornell faculty will collaborate with community partners around New York – through Cornell Cooperative Extension (CCE) in each county – to set up networks based on low-power wide-area network (LPWAN) technology, a form of low-frequency radio.

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posticon NYS To Sue Johnson & Johnson for Opioid Insurance Fraud

Business | Friday, September 18, 2020 | By New York State Governor's Office Print
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Governor Andrew M. Cuomo announced yesterday that the Department of Financial Services has filed charges and initiated administrative proceedings against Johnson & Johnson and its subsidiaries Janssen Pharmaceutica, Inc., Janssen Pharmaceuticals, Inc., and Ortho-McNeil-Janssen Pharmaceuticals, Inc. - collectively, "Johnson & Johnson." These charges are the fourth set to be filed against opioid manufacturers arising from the ongoing DFS investigation into the creators and perpetrators of the opioid crisis.

"The opioid crisis has taken too many lives and New York State will continue to take action against those who helped fuel this public health catastrophe and bring a measure of justice to families who have lost loved ones," Cuomo said. "Misrepresentation of opioids to consumers for profit is inexcusable and we will use every tool necessary to help ensure those responsible are held fully accountable."

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posticon State's Financial Hole Deepens

Business | Friday, September 18, 2020 | By New York State Comptroller's Office Print
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New York State Comptroller Thomas P. DiNapoli today said that state tax receipts are $3.2 billion lower than last year, as he released the State Cash Report for August. DiNapoli noted state tax receipts of $4.3 billion in August were $309.3 million above the latest projections by the state Division of Budget (DOB), but $219.1 million below collections in August 2019.

"Tax revenues continue to fall short of levels needed to fund education, health care and other vital services in this year's budget," DiNapoli said. "The revenue hole the pandemic created is getting deeper. Unless Washington acts to provide further fiscal relief for New York, painful budget decisions lie ahead."

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posticon Finalists Selected for $3 Million Grow-NY Competition

Business | Friday, September 18, 2020 | By New York State Governor's Office Print
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Governor Andrew M. Cuomo announced Wednesday that the 20 finalists selected to participate in round two of Grow-NY, a food innovation and agriculture technology business challenge focused on enhancing the emerging food, beverage and agriculture innovation cluster in Central New York, the Finger Lakes and Southern Tier regions. Finalists were chosen from a field of over 260 startups that applied to be part of the initiative. The Grow-NY region includes a broad 22-county swath that includes Upstate New York's farming community as well as several major urban centers, including Rochester, Syracuse, Ithaca and Binghamton.  Halomine and Norwhey are the two Ithaca firms in the finals.

Cornell University's Center for Regional Economic Advancement is administering the competition and New York State is providing funding for the Grow-NY competition through the Governor's Upstate Revitalization Initiative connected with the three regions - CNY Rising, Finger Lakes Forward and Southern Tier Soaring.

"New York State is committed to supporting our world-renowned food and agricultural industry," Cuomo said. "Once again, the Grow-NY competition has attracted a group of diverse, innovative entrepreneurs who are ready to focus on finding new, innovative ways to further transform this critical industry. It is through targeted efforts like Grow-NY that we will continue to bolster these regional economies, fostering statewide growth as we work to build back better."

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