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In this WXXI Business Report, a check-in with Paychex CEO Marty Mucci on the company’s latest monthly survey on employment and wage growth. Plus, there's big changes coming to the New York Federal Reserve (spoiler: the president of the NY Fed is retiring), and Alleson Athletic - a long-time family-owned sportswear company in Rochester - is being sold.

(WXXI News & AP) It's official. The joint proposal developed by economic development agencies in Rochester and Buffalo have now submitted what they are calling “an extremely sophisticated and compelling bid” to Amazon in response to the ‘request for proposals’ put out by Amazon for a second headquarters.

With a project that could see Amazon spending as much as $5 billion and hiring 50,000 workers, it  has resulted in a mad rush of metro areas around the country submitting bids to the online retailing giant. The proposals were due Thursday.

Victor-based Constellation Brands is reporting earnings that topped Wall Street expectations.

For its second quarter, the company saw profits of about $500 million, compared to $359 million a year ago.

Earnings per share of $2.47 topped analysts’ estimates.  Revenues totaled just over $2 billion.

President and CEO Rob Sands says the quarter shows Constellation’s strategy is paying off. He says they remain the leader in the high-end of the U.S. beer market and they are also seeing benefits from focusing on premium wine brands.

Xerox Corp.

Former Xerox Chairman and CEO Ursula Burns has been appointed to the board of directors of Uber. But that move apparently came as a surprise to the ride-hailing company.

Last week, Former Uber CEO and co-founder Travis Kalanick named Burns and ex-Merill Lynch chief John Thain to the Uber board. Kalanick resigned under pressure as CEO of Uber in June. Dara Khosrowshahi was named the new CEO of Uber, but Kalanick remains on the board of the privately held company.

Amazon announced last week that it's looking for a home for its second headquarters. Could Rochester be in the running?

Greater Rochester Chamber of Commerce President and CEO Bob Duffy says yes, and he has already written two letters to Amazon CEO Jeff Bezos, touting Rochester's qualifications.

Amazon says it will invest $5 billion in "HQ2" and create 50,000 new jobs over the next two decades. Its requirements for a new home include a metropolitan area with at least a million people, a skilled labor force, and access to transit.

But what would it take to bring Amazon to Rochester? What kind of tax credits, workforce grants, and utility incentives would be required to woo the company here? And if Rochester delivered and won the bid, would it be worth it? Our guests weigh in. In studio:

There’s a reprieve of sorts for workers at a Kraft Heinz plant in Steuben County who were expected to get layoff notices soon.

Kraft Heinz had sent out a notice to 330 employees of the plant in Campbell  earlier this year, saying that it is possible they could lose their jobs. That notice is required by the NYS Labor Department, and came after the company announced in 2015 it would close seven manufacturing facilities.

Now, Kraft Heinz has filed a new notice with the state, which says 380 workers at that Steuben County plant could be laid off by August 23.

Wegmans/Roadside Development

Wegmans is on track to open its first store in Washington, D.C.

The news no doubt, music to the ears of loyal fans and Rochester transplants who live in the Washington DC area.

In fact, a web story from one of the TV stations in that area started off by saying, “We thought this day would never come, but it’s finally here !

Wegmans first store in D.C will be part of the former Fannie Mae headquarters complex on Wisconsin Avenue NW, in Washington.

The Eastman Business Park is welcoming a new tenant, a company involved in photonics. It's actually the first independent photonics company to locate at the business park.

There is a research hub being developed at the park, called a Testing, Assembly and Packaging or ‘TAP’ facility which will serve a number of photonics firms in the area.

Paychex reported first quarter results Wednesday that beat Wall Street estimates for both earnings and sales.

The company saw net profits of just over $217 million, up 4 percent over a year ago; Revenues of $785 million were up 9 percent compared to a year ago.

But even with the solid results, the stock lost about four and a half percent on Wednesday, falling $2.77 to close at $57.50 a share.

CEO Marty Mucci says that may  have been because the company lowered some of its revenue guidance.

A local manufacturer is adding jobs.

Optimax Systems, a maker of precision optics, is expanding its research and development operations and will create 35 jobs. The Wayne County company says the expansion will also help them retain 271 existing jobs.

It is a $3 million expansion, and Empire State Development has offered a grant of up to $250,000 in return  for the  job creation commitment.

Optimax also says it will be buying equipment from QED, a Rochester based company.

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