Upticks in the hi-tech and pharmaceutical sectors are also developing. The larger manufacturers are hiring again, Fibertek, Tessy Plastics, Production Products, as well as United Technologies. UTC-Transicold Division is very strong. New Venture Gear continues to perform. There is still a fair amount of product in the market.
Labor is tight, money is available.
We're looking forward to another banner year. The big retail news in the Syracuse SMSA is the proposed expansion of the Carousel Center Mall to 4.5 million square feet. This planned hybrid expansion calls for over 150 new shops and big boxes, along with an aquarium, hotel complex and entertainment component. Many large retailers who would be new to Syracuse are holding off their arrival until politicians and the developer work out financing details, which may determine the fate of the mall's growth. Notable additions ShoppingTown and Great Northern Malls include Old Navy and Dress Barn.