Economy and Business news

The manufacturing sector in New York is experiencing some difficulties.

That's according officials at the Federal Reserve Bank of New York, which has just released its Empire State Manufacturing Index, which has declined for the 4th consecutive month.

Senior economist Richard Deitz says this was a pretty weak report.

"We had a string of negative readings like this back in 2012, but other than that, it's been a while since we've seen readings this negative for this long."

Schumer, RTS: Critical Mass Transit Funding at Risk

Nov 9, 2015

Senator Charles Schumer says he'll fight to restore funding cuts to mass transit systems like Rochester's, which is included in the House version of the transportation bill.

He says the Senate version of the bill protects federal transit funding, while the House version cuts funding for Northeastern states, including New York.

Schumer says eliminating the 5340 Program, or High Density States program, would cost New York state $94-million dollars, and the Rochester-Finger Lakes region 2.7-million dollars a year.

NE Neighbors Join To Plan Their Future

Nov 7, 2015

Neighbors in one part of Northeast Rochester are being asked to help redesign where they live.

"We want the people who live there and are working there now - hardworking people - to maintain and be the strong base for this community's future," said Director of Special Projects Miguel Melendez of the Ibero-American Development Corporation. The IADC is affiliated with the Ibero-American Action League in Rochester.

TYRE, N.Y. (AP) — The team behind a casino planned for New York's Finger Lakes is pushing back against a new lawsuit filed by a group of local residents opposed to the facility.

Steve Greenberg, a spokesman for Lago Resort and Casino, says Thursday that the lawsuit filed this week in Seneca County is meritless.

The lawsuit alleges that town officials in Tyre failed to properly scrutinize the casino's environmental impact.

Office of Governor Cuomo

Governor Cuomo says that construction has begun on a  vegetable processing plant in Orleans County that is eventually expected to create about 200 jobs.

Officials had announced earlier this year that a Canadian company, Pride Pak, was interested in developing the project at the Medina Business Park.

Cuomo says it is a 68,000 square foot facility and he says Pride Pak is spending more than $20 million on machinery and equipment.

TYRE, N.Y. (AP) — A group of local residents opposed to a casino planned for New York's Finger Lakes is suing to derail the project, arguing that local officials didn't consider how it would affect the surrounding community.

The lawsuit was filed this week in Seneca County by a group of 40 residents of Tyre who oppose plans for the Lago Resort and Casino. The plaintiffs say the town board did the bidding of casino developers by failing to properly scrutinize how the large development would affect the local environment.

(WXXI News & AP) Both Governor Andrew Cuomo and Senator Chuck Schumer have announced an agreement to save at-risk jobs  at three Kraft-Heinz facilities in Upstate NY that employ nearly 1,000 people. 

That includes about 400 workers at the plant in Avon which makes Cool Whip and Lunchables, and the plant in Campbell in Steuben County that makes string cheese among other products  and employs nearly 400.

A Kraft Heinz spokesman told WXXI News recently that the two factories and a third in Walton, New York, were under close review.

The latest survey on small business hiring from Paychex and a company called IHS shows that growth slowed a bit again in October, but overall the numbers nationwide still remain positive.

That according to Paychex CEO Marty Mucci, who says it’s not surprising  that growth in small business hiring has leveled off somewhat.

ALBANY (AP) Just in time for Halloween, U.S. Sen. Charles Schumer is warning New Yorkers about the threat posed by `zombie debt,' or debts that have been paid but continue to wreak havoc on a consumer's credit report.

Schumer recently announced that he is urging passage of legislation that would require creditors like banks to immediately update credit reports when a consumer has paid off a debt.

Governor Cuomo has announced appointments to a seven-member board to help coordinate the state's investment in the National Manufacturing Innovation Institute for Integrated Photonics.

Cuomo says the institute will help secure the nation's leadership in emerging technology research and manufacturing.

The Governor appoints the Chairman and two additional members; SUNY Poly Institute gets 2 appointees and RIT and the University of Rochester each appoint one member.