>> COMING UP TONIGHT: WE SEE HOW A RETAIL INCUBATOR PROGRAM IS GROWING BLACK-OWNED BUSINESS IN SYRACUSE.

WE TRAVEL TO ITHACA TO LEARN ABOUT HOW CO2 EMISSIONS CAN BE CONVERTED INTO FUEL.

AND OUR SPOTLIGHT SERIES TAKES US ON A LOOK BACK THROUGH CONGRESSMAN JOHN KATKO'S TIME IN OFFICE.

ON THE MONEY BEGINS RIGHT NOW.

♪ ♪ HELLO AGAIN AND WELCOME TO ON THE MONEY, WCNY'S FINANCIAL AND ECONOMIC DEVELOPMENT PROGRAM.

THINK OF IT AS YOUR LOCAL FINANCIAL NEWS PROGRAM FEATURING SOME INTERESTING PEOPLE, BUSINESSES AND HAPPENINGS FROM EVERY CORNER OF CENTRAL NEW YORK.

I'M DANIEL PLUFF.

DURING OUR SEASON WE'LL SEE WHERE MONEY IS BEING MADE, SPENT AND LOST AND FOCUS ON PROJECTS AND ACTIVITIES AFFECTING US LOCALLY.

OUR FIRST STORY IS FROM RIGHT HERE IN SYRACUSE.

ENTREPRENEUR CAERESA RICHARDSON IS THE FOUNDER AND CEO OF ECODESSA -- A RETAIL STORE FOCUSED ON SUSTAINABLE FASHION, AND THE HOST OF THE RETAIL INCUBATOR PROGRAM.

THIS PROGRAM USES AN AWARD FROM THE CNY COMMUNITY FOUNDATION'S BLACK EQUITY AND EXCELLENCE FUND.

WE HIGHLIGHTED THAT FUND IN SEASON ONE.

THE PROGRAM SEEKS TO GROW THE SKILLS AND BUSINESS OPPORTUNITIES OF LOCAL AFRICAN AMERICAN RETAIL ENTREPRENEURS.

WE HAD A RECENT VISIT TO CHECK ON THEIR PROGRESS.. >> THE RETAIL INCUBATOR PROGRAM IS CURRENTLY IN ITS PILOT STAGE.

SO WHAT I REALLY WANTED TO DO WAS GET A COUPLE OF NEW BUSINESS OWNERS THAT WERE BLACK BUSINESS OWNERS IN SYRACUSE, LOOKING TO OPEN THEIR BUSINESS IN DOWNTOWN SYRACUSE.

I WANTED TO NOT ONLY BE ABLE TO FUND THOSE BUSINESSES, BUT ALSO EDUCATE THEM SPECIFICALLY ON HOW TO START AND RUN A RETAIL OPERATION.

THE FIRST YEAR FOR ANY BUSINESS IS SUPER CHALLENGING BECAUSE YOU ARE SPENDING A LOT OF ENERGY, TIME, MONEY ON THINGS THAT YOU DON'T REALLY SEE AN IMMEDIATE RETURN ON.

THE WEALTH GAP BETWEEN PEOPLE OF COLOR AND NON-PEOPLE OF COLOR AS WELL AS JUST BLACK WOMEN AND THEIR COUNTERPARTS IS HUGE.

WHEN YOU ARE STARTING A BUSINESS , THERE ARE CERTAIN FUNDING ROUNDS THAT A START-UP WOULD GO THROUGH, PARTICULARLY THAT FRIENDS AND FAMILY ROUND, WHERE THEY'RE REACHING OUT TO FRIENDS AND FAMILY AS THEIR FIRST INVESTORS, THEIR FIRST CUSTOMERS, TO GET THEIR BUSINESSES AND THEIR IDEAS KICK STARTED.

AND WHEN YOU COME FROM A COMMUNITY WITH THAT WEALTH GAP, YOU DON'T NECESSARILY HAVE THAT NETWORK TO TURN TO.

>> MY NAME IS KAHSSIA HILLS, I'M THE OWNER OF A SHOP IN DOWNTOWN SYRACUSE.

>> I I AM ZAKIA MCCARTHY, I'M THE OWNER OF SOURCE OF SELF, A DAY SPA LOCATED IN DOWNTOWN SYRACUSE.

>> FOR ME, I WILL SAY AN OBSTACLE I FACE IS JUST ACCESSING CAPITAL, JUST ACCESSING MONEY IN GENERAL.

I WAS TRYING TO GET FUNDING AND I WAS TRYING TO APPLY FOR A LINE OF CREDIT AND IT TURNS OUT THAT YOU NEED TO HAVE FUNDS TO SHOW THAT YOU CAN GET MORE FUNDS AND THAT WASN'T AVAILABLE TO ME.

WHEN I FIRST STARTED, I WENT TO THE BANK AND I TRIED TO GET JUST A LINE OF CREDIT.

AND THEY'RE LIKE, WE GOT TO RUN YOUR PERSONAL CREDIT.

I'M LIKE, OKAY.

OH YOU ARE NOT HIGH ENOUGH.

OKAY.

A LOT OF PEOPLE OF COLOR, WHEN WE OPEN THESE BUSINESSES, WE ARE THE FIRST OF OUR FRIENDS, WE ARE THE FIRST OF OUR FAMILY MEMBERS, TO TAKE A RISK LIKE THIS.

SO WE DON'T REALLY HAVE MENTORS.

SO ONE OF THE KEY BENEFITS OF SOMEONE GOING THROUGH OUR PROGRAM WAS THAT YOU WERE ABLE TO GET ACCESS, TO HAVE ACCESS TO A MENTOR WHO WENT THROUGH THESE CHALLENGES FIRSTHAND, NAVIGATED THEM AND CAN PROVIDE YOU WITH SOME FEEDBACK AND GUIDANCE AS YOU WERE GOING THROUGH THESE CHALLENGES.

>> I'M CHA McCOY, THE FOUNDER AND OWNER OF THE COMMUNION WINE AND SPIRITS.

ONE OF THE INFLUENCES COMING TO SYRACUSE, SHE WAS ABLE TO EXTEND HER NETWORK AND HER WISDOM IN THE INCUBATOR PROGRAM.

>> SHE HELPED ME BELIEVE THAT I CAN DO IT.

THAT HELPED PUSH ME TO BELIEVE I COULD DO IT MYSELF.

SHE WAS ALWAYS FREE AND HER DOOR WAS ALWAYS OPEN FOR MENTORSHIP OR QUESTIONS WE MIGHT HAVE OR GENERAL ENTREPRENEURIAL SUPPORT.

SO THAT DOOR IS ALWAYS OPEN.

>> I AM FIRSTHAND INVESTED IN THE SUCCESS OF THOSE BUSINESSES.

HAVING FIVE BUSINESSES OWNED BY BLACK WOMEN NOT ONLY DOES IT PROVIDE THE VISUAL FOR OTHER BLACK WOMEN TO SEE THEMSELVES AS BUSINESS OWNERS IN DOWNTOWN SYRACUSE, BUT IT ALSO ENCOURAGES MORE PATRONS THAT LOOK LIKE OURSELVES FROM OUR COMMUNITIES TO SEE THEMSELVES AS PATRONS IN DOWNTOWN.

>> JUST SEEING HOW OPEN SHE WAS TO BEING ABLE TO HELP ALL OF US KIND OF JUST MOVE FORWARD AND TAGUE US TO THE NEXT LEVEL.

SO I THINK THAT COMMUNITY ASPECT, I FEEL THAT IT STARTED WITH CAERESA FIRST OF HOW GREAT SYRACUSE CAN BE FOR US.

>> I'M GRATEFUL SHE IS DOING THE THINGS SHE IS DOING BECAUSE SHE IS MAKING A RIPPLE IF ELK IN THE COMMUNITY AMONGST WOMEN, BUSINESS OWNERS, BLACK, BROWN, WHATEVER.

BUT BEING DOWNTOWN, I THINK, IS JUST SO IMPORTANT BECAUSE WE ADD FLAVOR.

IF SHE WASN'T DOWN HERE, HONESTLY, I WOULD BE SOMEWHERE ELSE.

>> OF COURSE WE WISH HER GOOD LUCK WITH EVERYTHING SHE IS DOING.

LOVE THAT STORY.

SO WE'LL CHECK BACK WITH HER PERHAPS LATER ON.

IN THE MEANTIME, OUR COMMON CENTS PIECE NOW AND HERE WE TRY TO GIVE YOU SOME ADVICE OR GUIDANCE ON USUALLY SOME TYPE OF FINANCIAL MATTER.

HELPING US AS A RETURN GUEST, COLETTE POWERS FROM UBS FINANCIAL SERVICES.

MOST OF THE SEASON WE HAVE TALKED ABOUT MARKET VOLATILITY AND RETIREMENT PLANNING AND YOU IN YOUR NICEST WAY HIT ME OVER THE HEAD AND SAID THERE ARE OTHER ISSUES WE SHOULD BE TALKING TALKING ABOUT.

>> FINANCIAL PLANNING FOR PARENTS WITH SPECIAL NEEDS.

AND THE REASON I HIT YOU OVER THE HEAD IS BECAUSE IT IS NEAR AND DEAR TO MY HEART AS YOU KNOW.

MY SON HAS DOWN SYNDROME AND WE HAVE BEEN TRAVELING THIS ROAD TOGETHER FOR 25 YEARS AND HE JUST MOVED OUT ON HIS OWN LAST MONTH.

SO LET ME SEE IF I CAN IMPART SOME WORDS OF WISDOM AND BE ABLE TO ANSWER THE QUESTIONS THAT I FIND WEIGH SO HEAVY ON PARENTS HEARTS AND MINDS.

AND THAT IS WHAT WILL HAPPEN TO MY CHILD WHEN I AM NO LONGER HERE.

AND IT'S A REALLY IMPORTANT QUESTION AND IT'S A REALLY DIFFICULT ONE TO ANSWER.

AND THE ANSWERS CAN CHANGE, DEPENDING ON THE GROWTH AND MATURITY OF OUR CHILD AND THEIR CAPABILITIES OR LIMITATIONS OR NEEDS, WANTS AND WISHES.

HOWEVER, IT'S STILL VERY IMPORTANT TO ADDRESS AND SOONER THAN LATER.

AND WHAT I HAVE FOUND IS A GREAT TOOL TO HELP PARENTS BE ABLE TO ANSWER THAT QUESTION.

IT PROVIDES THE FRAMEWORK AND THE GUIDANCE AND THAT IS FINANCIAL PLANNING.

AND I'M NOT TALKING ABOUT FINANCIAL PLANNING FOR THE CHILD.

I'M TALKING ABOUT FINANCIAL PLANNING FOR THE PARENTS.

AND THAT IS WHERE I RECOMMEND PARENTS START WHEN THEY'RE TRYING TO ANSWER THIS QUESTION.

AND IT SEEMS COUNTERINTUITIVE, BUT THINK ABOUT IT.

IT'S THE AIRPLANE THEORY.

WE ARE NOT ASKED TO PUT THE OXYGEN ON THE CHILD WHEN A PLANE IS HAVING TROUBLE.

RIGHT?

AND SO I SEE THAT THEORY APPLYING VERY MUCH SO TO A PARENT'S OVERALL FINANCIAL SOUNDING BECAUSE IF THEIR FINANCIAL PLAN IS NOT SUCCESSFUL, THERE IS A GOOD CHANCE THE CHILD'S WON'T BE AS WELL AND THAT'S WHY IT'S IMPORTANT.

>> YOU KNOW, I MET YOUR SON HARRY, CONGRATS TO HIM GETTING ON HIS OWN.

YOU TALK ABOUT THE AIRPLANE ANALOGY AND I'VE HEARD IT A THOUSAND TIMES.

IT'S A VERY GOOD ONE HERE BUT WHAT SPECIFICALLY ARE YOU TELLING PARENTS BECAUSE THESE ARE SOME UNIQUE SITUATIONS AND COULD BE SENSITIVE SITUATIONS.

>> YES, AND THAT'S A GOOD QUESTION.

SO THERE WILL BE COMMON STRATEGIES THAT YOU WILL FIND IN A PARENT'S PLAN.

THERE WILL BE THINGS LIKE SPECIAL NEEDS ACCOUNTS, ABLE INSURANCE AND EARMARKED FUNDING, RIGHT?

HOWEVER, AGAIN, I CAN'T SAY THIS ENOUGH.

IT STARTS WITH THE PARENTS PLAN FIRST BECAUSE WE HAVE TO MAKE SLUR THEIR NEEDS, WANTS AND WISHES ARE COVERED BECAUSE WHEN YOU DO THAT, YOU CAN THEN DETERMINE CAN OR CAN THEY NOT PROVIDE THE SUPPORT THAT THEY MAY WISH TO PROVIDE FOR THEIR CHILD WHEN THEY'RE NO LONGER HERE.

SO IT IS PARENTS FIRST AND ONCE WE KNOW WHAT THOSE FACTORS ARE, THEN THAT'S WHEN WE CAN DECIDE WHAT STRATEGIES ARE BEST TO INCORPORATE INTO THEIR FINANCIAL PLAN.

>> YOU ALWAYS MAKE ME WISH WE HAD MORE TIME FOR THESE SEGMENTS.

BUT AGAIN, GREAT JOB.

YOU ARE SCORING WELL.

GOOD POINTS.

THANKS AGAIN FOR JOINING US.

COLETTE POWERS WITH THE SYRACUSE OFFICE OF UBS PANE WEBER.

WE ARE RUNNING LONG ON THE COMMON CENTS SEGMENT.

NEXT UP IS OUR TECH BYTES UP NEXT, OUR SEGMENT WE CALL TECH BYTES WHERE WE FEATURE NEW TECHNOLOGIES BEING DEVELOPED OR USED HERE IN CENTRAL NEW YORK.

ACCORDING TO THE EPA, YEAR AFTER YEAR THE PRIMARY GREENHOUSE GAS EMITTED IN THE UNITED STATES IS CARBON DIOXIDE.

AND THE LARGEST SOURCE OF THIS COMES FROM BURNING FOSSIL FUELS -- MAINLY FOR TRANSPORTATION AND GENERATING POWER.

WELL IMAGINE IF WE COULD USE THOSE CO2 EMISSIONS TO FUEL TRANSPORTATION INSTEAD OF RELYING ON THE EXTRACTION AND BURNING OF FOSSIL FUELS -- IF WE COULD TRANSFORM EMISSIONS FROM AN ON ONGOING CRISIS TO A CONTINUOUS CARBON-NEGATIVE CYCLE.

WELL, TURNS OUT ITHACA-BASED DIMENSIONAL ENERGY IS WORKING ON JUST THAT.

THE MISSION IS TO REMOVE FOSSIL CARBON.

WE DO THAT BY TRANSFORMING CARBON DIOXIDE, A HARMFUL GREENHOUSE GAS INTO FUELS AND PRODUCTS.

WE HAVE A COUPLE OF LOCATIONS.

A FACILITY IN TUSCON, ARIZONA, THAT'S A DEMONSTRATION THAT TAKES CARBON DIOXIDE AND WATER AND PRODUCES A SYNTHETIC CRUDE THAT WE UPGRADE TO AVIATION FUEL.

WE HAVE A FACILITY HERE IN ITHACA, NEW YORK, WHERE WE DO OUR CATALYST SINTSDZ NIS AND REACTOR R & D AND WORK WITH SUPPLIERS ALL OVER NEW YORK STATE TO DO THE MANUFACTURE OF OUR REACTORS AND THEN WE SHIP THEM OUT TO TUSCON WHERE WE HAVE THE FIELD SITE.

WE HAVE A GROWING COHORT OF ENGINEERS IN HOUSTON.

DIMENSIONAL'S MISSION IS TO REMOVE FOSSIL CARBON FROM THE SUPPLY CHAIN FOR FUEL.

STOPPING THE PRODUCTION AND EXTRACTION OF OIL.

WHAT WE DO TO DO THAT IS LOOK AT WHERE ARE THE BIGGEST SOURCES OF CARBON DIOXIDE.

THERE ARE INDUSTRIAL SOURCES OF CARBON DIOXIDE, INDUSTRIES THAT ARE DIFFICULT TO DECARBONIZE.

WE LOOK AT USING THEIR EMISSIONS TO PRODUCE FUELS FOR INDUSTRIES THAT ARE ACTUALLY REALLY DIFFICULT TO DECARBONIZE AS WELL.

AVIATION IS AN INDUSTRY THAT REQUIRES DENSE ENERGY CARBONS TO FLY.

THERE IS A GREAT DEAL OF EFFORT TO DO HYDROGEN IN PLANES AND ELECTRIFICATION OF PLANES AND THAT'S GOING TO BE AWESOME BUT WHEN IT COMES TO THE LONG HAUL MAJOR TRAVEL AROUND THE WORLD, ENERGY DENSE HIGH CROW CARBONS ARE GOING TO BE PRODUCED AND WITHOUT FOSSIL CARBON OR OIL AND DO IT IN A RENEWABLE AND CIRCULAR CARBON FASHION SO WE CAN TAKE CARBON DIOXIDE OUT OF THE ATMOSPHERE FROM A POINT SOURCE AND PUT THAT INTO A FUEL AND IT AS IT IS COMBUSTED, CAPTURE IT AGAIN AND KEEP IT IN A CLOSED LOOP.

>> YOU HAVE MATERIALS ON CHEMISTRY LAB HERE FOR DIMENSION MENTIONAL-- DIMENSIONAL ENERGY.

REACTORS RUN AT DIFFERENT TEMPERATURES AND DIFFERENT PRESSURES, DIFFERENT GAS, WE USE DIFFERENT TYPES OF CATALYSTS TO CONVERT CARBON DIOXIDE TO SOME FUEL.

AMERICAN AIRLINES INVESTED AND THEY'RE KEEN ON THIS.

THEY SAID THEY CAN'T OFFSET THEIR WAY OUT OF THIS PROBLEM SO AVIATION FUEL HAS TO BE A THING.

WE ARE A START-UP SO WE ARE RAISING MONEY RIGHT NOW SO WE HAVE RAISED ABOUT $7 MILLION TO DATE FROM INVESTORS ALL OVER THE WORLD.

EVERY ONE OF THOSE INVESTORS HAS A BACKGROUND IN SOME SORT OF ENERGY OR SOME PASSION FOR SUSTAINABILITY.

WE KNOW WE HAVE WIND AND SOLAR AND HYDRO AND OTHER WAYS TO CURB THE EMISSIONS FROM ENERGY PRODUCTION.

NOW WE HAVE TO DEAL WITH THE MOLECULES.

SO IF YOU WANT TO HAVE CLEAN ELECTRONS, YOU HAVE TO HAVE CLEAN MOLECULES AND THAT'S WHAT OUR INVESTORS ARE FOCUSED ON, REALLY THE SORT OF HARD ABSTRACT PROBLEM LIKE DECARBONIZATION FROM AN INDUSTRIAL PERSPECTIVE.

WHAT IS NEXT IS SCALE UP.

SO WE ARE AT THE POINT WHERE WE'VE GOT OUR DEMONSTRATION FACILITY.

WE'VE PROVEN THE CONCEPT.

WE ARE NOW GOING FROM, YOU KNOW,ONE SIZE OF REACTOR TO THE NEXT AND WE WANT TO BE PRODUCING A COUPLE HUNDRED BARRELS OF SUSTAINABLE AVIATION FUEL AND THOUSANDS BY THE END OF THE DECADE AND HOPEFULLY BUILD A PIPELINE OF OVER 50,000 BARRELS THAT WE START CONSTRUCTION ON OVER THE NEXT SAY FIVE, SIX YEARS.

AND REALLY START TO MAKE A DENT IN THE DEMAND FOR SUSTAINABLE AVIATION FUEL AND HELP DECARBONIZE THAT SECTOR OF OUR ECONOMY.

>> ANOTHER INTERESTING STORY OUT OF THE ITHACA AREA.

SO WE'LL KEEP TRACK OF THAT AS WELL.

COMING UP NOW, OUR BY THE NUMBERS SEGMENT.

THIS IS AN INTERESTING ONE FOR, DEPENDING ON WHICH SIDE OF THE FENCE YOU SIT FOR SOME OF US.

SOME STUDIES HAVE BEEN DONE ANALYZING THE INVESTMENT CHARACTERISTICS OR THE BEHAVIORS OF MEN VERSUS WOMEN.

SOME INTERESTING STUFF COMING OUT OF THIS AND A BRAND NEW STUDY WAS RELEASED A LITTLE BIT AGO.

THEY'RE DOING THIS BECAUSE ALMOST HALF, 41% OF WOMEN ARE NOW THE PRIMARY BREAD WINNERS IN HOUSEHOLDS.

THAT NUMBER HAS INCREASED OVER THE YEARS FOR SURE.

BUT HERE IS SOME INTERESTING CHARACTERISTICS.

WOMEN, ON AVERAGE, TRADE 23% LESS FREQUENTLY THAN MEN.

THEY ALSO DISPLAY A HIGHER LEVEL OF DISCIPLINE ACCORDING TO THESE STUDIES.

AND A WILLING IN ES TO LEARN THAT-- WILLINGNESS TO LEARN, IN SOME CASES, MEN SEEM TO LACK.

HERE IS AN INTERESTING ONE.

THEY RATE VERY HIGH ON THEIR RISK TAKING ABILITY.

NOW WE COMPARE OR CONTRAST THIS WITH MEN.

THEY TEND TO INVEST MORE ON GUT INSTINCT AND THAT, UNFORTUNATELY, SOMETIMES LEADS TO SOME IRRATIONAL INVESTMENT DECISIONS.

NOW HERE IS THE NEAT THING ABOUT THIS.

WHEN YOU ADD UP ALL OF THE NUMBERS AND COMPRESS ALL OF THIS DATA, HERE IS A STATISTIC THAT CAUGHT MY EYE.

ON AVERAGE, IN ESPECIALLY IN BEAR MARKETS, WOMEN TEND TO OUTPERFORM MEN BY 1.3%.

LADIES, CONGRATULATIONS AND GOOD FOR YOU.

MEN?

I'M JUST THE MESS WE FINISH UP TONIGHT WITH OUR SPOTLIGHT SERIES WHERE WE MEET WITH SOME INTERESTING PEOPLE OR HIGHLIGHT SOMETHING SPECIAL HAPPENING IN OUR REGION.

HE HAS SERVED IN THE US CONGRESS SINCE HIS ELECTION IN 2014, BUT JOHN KATKO IS LEAVING WASHINGTON AT THE END OF THIS TERM.

HE LEAVES WITH A NUMBER OF ACCOMPLISHMENTS HOWEVER, INCLUDING HIS WORK TO BUILD BI PARTISIAN COALITIONS.

HE CHAIRED THE REPUBLICAN GOVERNANCE GROUP AND WAS A MEMBER OF THE PROBLEM SOLVERS CAUCUS.

HE ALSO WORKED TO PASS THE INFRASTRUCTURE INVESTMENT BILL AND THE CHIPS ACT - BOTH OF WHICH HAVE A MAJOR IMPACT TO CENTRAL NEW YORK.

BUT WASHINGTON HAS CHANGED SINCE HE WAS FIRST ELECTED - BI PARTISIAN SUPPORT SEEMS RARE, MODERATE REPUBLICANS ARE LOSING PRIMARIES OR REFUSING TO RUN FOR RE-ELECTION.

AND WE COULDN'T HELP BUT WONDER - DOES HE REGRET HIS VOTE TO IMPEA TRUMP - MIGHT HE HAVE STAYED IN OFFICE LONGER, OR HAS HE HAD ENOUGH?

>> I WAS LOOKING BACK AND I INTERVIEWED YOU A FEW YEARS AGO, AND ONE OF THE THINGS WE TALKED A WOULD BRING UP AGAIN WAS THE ISSUE, PARTICULARLY HERE IN CENTRAL NEW YORK, OF THE OPIOID PROBLEM.

AND AS I RECALL, YOU WERE ONE OF THE PEOPLE THAT WAS VERY EARLY ON THAT, PRETTY OUTSPOKEN ABOUT IT, IDENTIFYING THE PROBLEM.

AND AS WE FAST FORWARD TO TODAY, HAVE WE MADE SOME PROGRESS THERE?

ARE YOU STILL CONCERNED ABOUT THAT?

>> I'M WIDELY CONCERNED WITH THE OPIOID EPIDEMIC.

AS YOU RECALL, BEFORE I CAME TO CONGRESS, I WAS AN ORGANIZED CRIME PROSECUTOR SO I ALWAYS WAS WELL AWARE OF THE TREND OF DRUGS.

AND OPIOIDS REALLY KIND OF STARTED TO TAKE ROOT WHEN I CAME INTO OFFICE.

I WAS WELL AWARE OF THE PROBLEM.

SADLY, I THINK IT HAS GOTTEN WORSE IN SOME RESPECTS.

AND LARGELY HAS TO DO WITH HOW OPEN OUR BORDER IS AND HOW MUCH FENTANYL IS COMING ACROSS THE BOREDER.

>> BEGS THE QUESTION, WHAT IS THE ANSWER?

>> WE HAVE TO SECURE THE BORDER IF FOR NO OTHER REASON, THAT.

BUT WE ALSO NEED TREATMENT AND PREVENTION AND WE PASS BILLS AND WE HAVE PROVIDED SUBSTANTIAL FUNDING FOR THAT.

IT'S REALLY A THREE LEGGED STOOL.

PREVENTION, TREATMENT AND LAW ENFORCEMENT.

AND WE'VE GOT TO DO ALL THREE.

>> WE TEND TO FOCUS MORE LOCALLY ON THIS SHOW, CENTRAL NEW YORK ISSUES BUT YOU CANNOT BE HERE AND HAVE SOME IDEA OF WHAT IS GOING ON AROUND US IN THE WORLD.

IS RUSSIA OUR FRIEND?

IS CHINA OUR FRIEND?

>> I THINK RUSSIA AND CHINA ARE DEEPLY CONCERNING FOREIGN POLICY ISSUES RIGHT NOW.

AND BEING HEAD OF HOMELAND SECURITY FOR REPUBLICANS IN CONGRESS, I CAN TELL YOU THERE IS A DIRECT CORRELATION BETWEEN OUR HOMELAND SECURITY AND THOSE TWO COUNTRIES.

CHINA HAS GOT A PLAN, LITERALLY, A 25 AND 50 YEAR PLAN BASICALLY FOR WORLD DOMINANCE AND THAT INCLUDES GOING INTO TAIWAN, WHICH BRINGS BACK THE CHIPS ACT AND WHY MICRON IS SO IMPORTANT HERE.

BUT IT'S ALSO ABOUT DESTABILIZING DEMOCRACIES AROUND THE WORLD.

AND THEN YOU SEE RUSSIA WHAT RUSSIA HAS DONE WITH RESPECT TO UKRAINE IS DEEPLY TROUBLING.

>> AND CHINA SPECIFICALLY, YOU KNOW, WE BUY THEIR PRODUCTS.

THEY BUY A LOT OF OUR TREASURIES.

IT'S ALMOST LIKE WE NEED THEM.

ARE WE TOO DEPENDENT ON THEM?

>> WE ARE.

AND ONE OF THE THINGS ABOUT HOMELAND SECURITY THAT I KEEP SAYING IS HOMELAND SECURITY IS ECONOMIC SECURITY.

AND WE CAN'T HAVE ECONOMIC SECURITY WHEN WE HAVE TOO MUCH OF OUR EGGS IN THE CHINESE BASKET AND WE ARE STARTING TO GET AWAY FROM THAT AND THE CHIPS ACT WAS VERY IMPORTANT FOR THAT BUT YOU SEE THE PRESIDENT FROM CHINA BECOMING MORE CONSERVATIVE AND MORE DICTD TORIAL AND I THINK MANUFACTURING IS STARTING TO REALIZING IT IS GOING TO BE A PROBLEM.

>> WE'LL TALK ABOUT MANUFACTURING IN A MOMENT BECAUSE I OWE YOU AN APOLOGY ONS AND EXCHANGE COMMISSION.

>> YES.

>> FOLLOWING ALL OF WHAT FAITH IN OUR U.S. FINANCIAL MARKETS NOW?

>> I THINK WE HAVE A LOT OF MORE FAITH AND TRUST IN THE FINANCIAL MARKETS BASED ON 2008.

IF WE LET 2008 HAPPEN AGAIN, SHAME ON US.

MORTGAGES WERE OUT OF CONTROL AND BANKING WAS OUT OF CONTROL.

>> HERE IS WHERE I'LL GIVE YOU MY APOLOGY.

WHEN I TALKED WITH YOU LAST TIME, I WAS DEBATING WITH YOU SAYING THESE, THE MANUFACTURING JOBS HAVE LEFT CENTRAL NEW YORK, A FEW BUT I REMEMBER THE ALLIED CHEMICALS AND NEW VENTURE, NEW PROCESS GEAR, G.E.

CARRIER.

THEY'RE EITHER GONE OR A SHELL OF WHAT THEY ARE AND I SAID YOU KNOW, THEY'RE NOT COMING BACK.

YOU SAID MANUFACTURING JOBS ARE COMING BACK.

MANUFACTURING JOBS ARE COMING BACK.

>> THEY ARE.

ONE OF THE THINGS I'M MOST PROUD OF.

IT WAS A MULTIPRONGED EFFORT.

YOU HAD TO LEVEL THE PLAYING FIELD.

MANUFACTURERS WENT TO COUNTRIES LIKE CHINA CHEAP LABOR, CHEAP COST OF DOING BUSINESS.

NEW YORK STATE HAS ONE OF THE HIGHEST TAX RATES IN THE COUNTRY FOR MANUFACTURING.

BUT THE UNITED STATES HAD ONE OF T AND THEY DID THAT.

AND THEN WE DID THE REGULATORY REFORM ON TOP OF THAT.

AND THAT MADE A BIG DIFFERENCE.

NOW WE ARE PRIORITIZING AREAS THAT ARE NOT ONLY CRITICAL FOR BUSINESS AND MANUFACTURING BUT CRITICAL FOR NATIONAL SECURITY.

>> SOME BIG ANNOUNCEMENTS.

INFRASTRUCTURE BILL.

YOU VOTED FOR THAT.

IS THAT GOING TO HELP 81?

>> NO QUESTION IT IS GOING TO HAVE A HUGE IMPACT ON THE NATURE AND QUALITY OF 81 BECAUSE THERE IS GOING TO BE REAL DOLLARS THERE FOR IT.

>> WHEN WILL THAT START?

>> THEY'RE ALREADY THE PLANNING PHASE OF IT AND I KNOW THE FIRST THING THEY'RE GOING TO DO IS 481.

BECAUSE THEY NEED TO GET 481 READY TO BECOME 81 BEFORE THEY GET RID OF 81 THROUGH THE CITY.

I THINK A COUPLE YEARS BEFORE THEY START TEARING DOWN THE VIADUCT BUT THEY'RE STARTING NOW.

>> ANOTHER BIG ONE.

THE CHIPS ACT.

YOU VOTED FOR THAT.

>> UH-HUH.

>> NOT MANY REPUBLICANS DID.

>> I GOT MY ASS KICKED FOR THAT ONE.

IT WAS ALL RIGHT.

>> I'M GLAD YOU DID.

MAJOR ISSUE TO CENTRAL NEW YORK THOUGH RIGHT?

>> AGAIN, IT'S A MAJOR ISSUE OF NATIONAL SECURITY.

CHINA DECIDES TO GO INTO TAIWAN TOMORROW, 90% OF THE HIGH END CHIP MANUFACTURING WILL BE CONTROLLED BY A WHO IS TILE REGIME AND THAT WILL I AM IMPACTS ON OUR ECONOMY LIKE WE HAVE NEVER SEEN BEFORE.

>> IF THAT BILL DIDN'T PASS, HOW CONFIDENT ARE YOU THAT MICRON WOULD HAVE COME HERE?

>> THEY WOULDN'T HAVE COME HERE.

PERIOD.

>> THIS AND WILL 81.

WE HAVEN'T SEEN ANYTHING LIKE THIS SINCE THE ERIE CANAL.

ARE WE GETTING OVERLY OPTIMISTIC.

ARE THE PROJECTIONS FOR WHAT MICRON WILL BRING?

>> THE PROJECTIONS ARE NOT PROJECTIONS.

THEY'RE FACT.

MICRON IS GOING TO HAVE THE SINGLE LARGEST INVESTMENT IN MANUFACTURING IN THE HISTORY OF OUR NATION IN SYRACUSE.

THAT'S A FACT.

AND IT'S GOING TO BE UPWARDS OF $100 BILLION OVER 20 YEARS.

AND THE SPINOFF EFFECT OF THAT, I WOULD UP AT SYRACUSE UNIVERSITY THIS MORNING TALKING TO THE CHANCELLOR.

WHAT IT WILL DO FOR HIGHER EDUCATION AROUND CENTRAL NEW YORK AND THE EXPANSION OF ENGINEERING AND CHIP MANUFACTURING TECHNOLOGIES, IS GOING TO BE UNBELIEVABLE SO THE RIPPLE EFFECT IS SOMETHING I THINK YOU ARE RIGHT.

WE HAVEN'T SEEN SINCE ERIE CANAL.

>> CONGRESSMAN, YOUR TERM IS ENDING.

>> THAT'S WHY I'M SMILING.

>> YOU ENJOYED YOUR TIME IN OFFICE?

>> I DID.

I DID.

IT HAD ITS CHALLENGES.

THERE IS NO QUESTION ABOUT IT.

BUT IT WAS A HIGH HONOR.

>> YOU DECIDED, I ASSUME ON YOUR OWN, NOT TO RUN.

I DON'T GET IT.

>> WELL, I FIRMLY BELIEVE IN TERM LIMITS AND I SAW EVERY DA I IN CONGRESS PEOPLE THAT WERE THERE WAY TOO LONG AND I PUT MY MONEY WHERE MY MOUTH IS.

AND ON TOP OF THAT, I HAVE BEEN IN GOVERNMENT SERVICE FOR 32 YEARS.

I'VE SACRIFICED A TREMENDOUS AMOUNT OF MY FAMILY AND IT'S TIME I PAY ATTENTION TO MY FAMILY AND I WOULD HAVE WON AGAIN, THERE IS NO DOUBT IN MY MIND, POLLING WAS CLEAR ABOUT THAT.

SO IT'S NOT A QUESTION OF POLITICAL EXPEDIENCY.

I'M A FIRM BELIEVER OF LEAVING A LITTLE TOO EARLY THAN A LITTLE TOO LATE.

>> YOU TOOK SOME ARROWS WHEN YOU VOTED TO IMPEACH FORMER PRESIDENT DONALD TRUMP.

DO YOU REGRET THAT?

>> NOT FOR A SECOND.

LISTEN.

I APPROACHED THAT VOTE LIKE I DID EVERY SINGLE VOTE IN CONGRESS.

AND IT'S NOT WHAT IS POLITICALLY EXPEDIENT AND WHAT IS THE RIGHT THING DO.

I DID THAT BECAUSE I NEVER WANTED TO BE IN CONGRESS FOR 30, 40 YEARS.

I THINK THAT'S NOT GOOD.

I WANTED TO DO WHAT I THOUGHT WAS RIGHT AND I JUST LOOKED AT THE FACTS.

I ANALYZED AND BALANCED THEM AGAINST THE CHARGES.

AND I VOTED ACCORDINGLY.

>> SPECIFICALLY AS IT RELATES THEN TO CENTRAL NEW YORK, WHAT ARE YOU MOST OPTIMISTIC ABOUT?

>> I'M OPTIMISTIC ABOUT LEADERSHIP.

I THINK RYAN McMAHON IS DOING A SUPERB JOB.

BEN HAS DONE A GOOD JOB IN THE CITY.

WE HAVE MICRON COMING IN.

I DO THINK THAT CENTRAL NEW YORK CAN BE REALLY VERY DIFFERENT DYNAMIC IN OUR CHILDREN'S GENERATION AND I THINK FOR THE FIRST TIME IN A LONG TIME, KIDS ARE GOING TO BE ABLE TO STAY HOME TO SEEK THEIR FORTUNES AND THAT'S GREAT.

>> WHAT IS IN STORE FOR JOHN KATKO FROM HERE?

>> I'M GOING TO RUN FOR THE TAPE CAN WITH CONGRESS.

I'M GOING TO WORK MY TAIL OFF UNTIL THE BELL RINGS AND THEN AFTER THAT, I'M GOING TO SEE WHAT OUTS THERE.

I WANT TO DO SOMETHING THAT MAINTAINS SOME SEMBLANCE OF WORK WITH NATIONAL SECURITY.

THAT'S VERY, VERY IMPORTANT TO ME.

IT'S BEEN IN MY DNA SINCE I'M 28.

TURNING 60 IN NOVEMBER IN A FEW WEEKS AND TO ME, IT'S TIME, I JUST DON'T KNOW ANYTHING ELSE OTHER THAN THAT.

SO I'M GOING TO DO THAT.

FOR SURE.

>> LISTEN, SO APPRECIATE YOU JOINING US TODAY.

GOOD LUCK TO YOU AND HOPEFULLY WE'LL STAY IN TOUCH.

>> THANKS FOR EVERYTHING.

I APPRECIATE IT.

>> MY PERSONAL THANKS TO CONGRESSMAN KATKO -- WE APPRECIATE HIM MEETING WITH US AND WISH HIM WELL IN WHATEVER IS NEXT.

AND THAT'S OUR PROGRAM FOR TONIGHT - NEXT WEEK ON THE MONEY WILL HAVE A VERY SPECIAL EPISODE IN HONOR OF VETERANS DAY.

WE HEAD TO SYRACUSE UNIVERSITY TO LEARN ABOUT THE INSTITUTE FOR VETERANS AND MILITARY FAMILIES.

THEN WE SEE HOW ONE VETERAN-OWNED COMPANY IS MAKING STRIDES IN TECHNOLOGY.

AND FINALLY WE SPOTLIGHT CLEAR PATH FOR VETERANS, AND HOW THEY ARE NOT ONLY ENRICHING THE LIVES OF VETERANS, BUT ADDRESSING THE ISSUES THEY FACE AND PROVIDING WHATEVER HELP IS NEEDED, IT WAS ONE OF MY FAVORITE VISITS ON THE SEASON.

BUT THERE'S SO MUCH MORE THIS SEASON AND IF YOU HAVE AN IDEA FOR A BUSINESS, PERSON OR JUST SOMETHING SPECIAL HAPPENING IN CENTRAL NEW YORK, LET US KNOW - CONTACT US BY EMAILING NEWS AT WCNY.ORG.

TO FIND OUT MORE ABOUT THE PROGRAM, OR TO VIEW PREVIOUS EPISODES, JUST VISIT OUR WEBSITE AT WCNY.ORG/ONTHEMONEY.

AND YOU CAN FOLLOW US ON FACEBOOK AND TWITTER.

I'M DANIEL PLUFF, THANKS AGAIN FOR WATCHING.