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Economy

Economy and Business news

PBS.org

A recent study of the economy for the Rochester area over the last several years presents a mixed picture.

The study is an annual report from the Washington based think tank, the Brookings Institution. The Metro Monitor report tracks the economic performance of the nation’s 100 largest metropolitan areas.

BUFFALO, N.Y. (AP) — Brian Cook's trip to Buffalo to cheer on Princeton's basketball team in the NCAA Tournament was, for him, a journey back to a simpler time, when hailing a ride meant standing on a corner and waving your hands to flag down a taxi.

"For a 19-year-old, that's unknown," said Cook, who flew in from Chicago to see his brother play in Princeton's first-round game against Notre Dame. "I take Uber everywhere, always."

'Day Without a Woman' day in Rochester

Mar 8, 2017
Alex Crichton

Today is "Day Without a Woman” day, designed to raise the awareness and significance of women's work.

The event coincides with International Women's Day and was put together by organizers of the Woman's March in January.

Several members of Rochester NOW -- the National Organization for Women, gathered at Premier Pastry on South Avenue, which is co-owned by a woman.

A volunteer with Rochester NOW, Eve Elzenga, says women were being asked to do three things.

Randy Gorbman / WXXI News

As work continues on expanding the photonics initiative in the Rochester area, officials have made a decision on where to put the local headquarters for the project.

At a meeting of the New York State Photonics Board of Officers on Friday, it was announced that the headquarters for the high tech project will be located right where the initial research and development facility is being established; at a former Kodak building at the Eastman Business park on Lake Avenue.

Alex Crichton

The United Way of Greater Rochester is increasing its fundraising goal over last year, to $25.2 million dollars.

2017 campaign chair Ray Isaac, President of Isaac Heating & Air Conditioning, made the announcement Thursday morning at Hose 22, a restaurant in Charlotte that is a former fire house.

A packed house at the restaurant featured stakeholders, campaign coordinators and representatives from funded agencies.

Isaac slid down a fire pole to help kick things off.

New clothing deal for Hickey Freeman

Feb 23, 2017
Alex Crichton

Senator Charles Schumer visited the Hickey Freeman factory on North Clinton Avenue to announce the local clothier will be making a new line of custom clothing for Trunk Club, a new clothing service owned by Nordstrom.

Schumer says the deal has already produced 15 new jobs, with the possibility of 50 more new positions at the factory, where it's expected production will be boosted by 20 percent the first year.

"Hickey Freeman, in America, has the high end clothing manufactured business sewed up," he said.

Eco-Brewery work underway

Feb 21, 2017
geneseebeer.com

Groundbreaking was held today for the Eco-Brewery District project at the Genesee Brewery on St. Paul Street in Rochester.

It's a five year, $50 million dollar project.

Phase one includes demolition of outdoor fermentation tanks and various equipment inside, and construction and installation of the new brewing system, while Phase 2 features expansion of the Genesee Brew House.

The project is designed to help Genesee be more competitive, to create jobs and secure the legacy for brewing in this community, according to North American breweries CEO Kris Sirchio.

Gas prices steady (for now)

Feb 20, 2017

Gas prices have been dropping the last month or so, but don't get too comfortable.

That's the word from AAA, which predicts prices will climb as we head close to spring.

Spokesperson for AAA of Western and Central New York, Lindsay Hawkins, says factors such as the spring refinery maintenance season and the switch to summer blend gasoline will impact prices.

Seneca Park Zoo improvement plan underway

Feb 20, 2017
Sasha-Ann Simons

Monroe County lawmakers have signed off on millions of dollars to help the Seneca Park Zoo and its multi-year expansion plan.

The legislature approved $13.5 million in funding in its capital budget, and Zoo Director Larry Sorel says it's part of an overall nearly $60 million dollar, ten year improvement plan for the zoo.

Phase 1 includes making room for giraffes and zebras, ostrich and rhino exhibits, and eventually demolishing the main zoo building, something Sorel says is long overdue.

rochesterworks.org

RochesterWorks! is bringing its employment and job training initiatives to the Monroe County Correctional Facility.

Thanks to a $500,000 federal grant from the U.S. Department of Labor, RochesterWorks! Reentry Connections will open an American Job Center affiliate at the jail.

RochesterWorks!, an employment and training initiative, also runs two career centers on North Goodman Street and Waring Road in Rochester.

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