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Economy

Economy and Business news

Amazon is coming to the Rochester area.

It’s not the company’s much touted ‘HQ2‘  which Rochester and Buffalo worked on together to make a bid for; officials already found out some weeks ago that won’t be happening.

But late Tuesday afternoon, Monroe County Executive Cheryl Dinolfo revealed that Amazon will be bringing one of its distribution centers to the Town of Henrietta. It will be located in a 70,000 square foot building on Clay Road.

BBB: Check your passwords

Mar 15, 2018

March 15th was "National Password Day," and the Better Business Bureau of upstate New York is reminding people to make sure people have a secure password.

Communications Director Melanie McGovern says BBB and the Federal Trade Commission want people to make sure their passwords are unique and hard to get into, because hackers are trying every day to access accounts.

"You want to make it long and strong, and that's always the rule of thumb when it comes to passwords," she said.

McGovern says many people use a sentence as their password.

Monroe County investing in local infrastructure

Mar 15, 2018
Alex Crichton

Monroe County officials are planning a major investment in infrastructure, a move they say will create thousands of jobs and boost economic development.

County Executive Cheryl Dinolfo and Director of Transportation Tim Frieler gathered with local and state officials at the County's Fleet Center on Paul Road to announce a major investment in roads and bridges, highway lighting and equipment.

Dinolfo says infrastructure projects are the building blocks of our modern economy.

urmhomecare.org

It's "March for Meals," an effort to promote funding and raise awareness of the Meals on Wheels program and the issue of senior hunger.

Now the program, run locally by UR Medicine Home Care, is recruiting a new set of volunteers.

This year, organizers are reaching out to elected officials to see if they'll help deliver meals.

State Senator Joe Robach was set to visit clients on Friday.

Public Relations Coordinator at UR Medicine Home Care, Matthew Futter, says it’s an opportunity for local elected leaders to meet their constituents one on one.

NYS Labor Department officials say that newly revised data shows that New York State’s economic expansion continued last year, with the annual private sector job count exceeding eight million for the first time.

But the figures also show a small increase in jobs for the Rochester Metro.  In 2017, the number of private sector jobs totaled 455,400. That was up just 900 jobs from the previous year.

Still, State Labor Analyst Tammy Marino says that was coming off two very good years for the local job market.

City of Rochester/LaBella Associates

The development project at Parcel 5 in downtown Rochester is moving forward, and a familiar face is driving the effort.

Sandy Parker, the former president of what’s now called the Rochester Chamber of Commerce, will lead the team responsible for developing the empty lot into a mixed-use complex. She will work on a volunteer basis.

The complex will be anchored by the Golisano Arts & Entertainment Center, the projected new home of the Rochester Broadway Theatre League.

The New York State Photonics Board took more steps on Friday toward trying to attract more photonics manufacturers to come to the Rochester area. 

Governor Andrew Cuomo had announced during his State of the State address in January that he wants to allocate $30 million toward attracting photonics companies to the region.

On Friday, the photonics board endorsed that move. Vincent Esposito is the Regional Director for Empire State Development in the Finger Lakes.  He says this is all about creating more jobs for this area. 

Alex Crichton

Gas prices have dipped lately, but that trend is not expected to continue, according to AAA.

The auto club expects national prices as high as $2.70 a gallon this spring -- a price not paid since the summer of 2015 when prices hit $2.81 a gallon.

Spokesperson Elizabeth Carey says factors like high oil prices, an unusually high demand for gasoline, and a switch to the more expensive summer blend all add up to drivers paying much more at the pump this spring.

New microbrewery is a breakfast spot, too

Feb 28, 2018
Alex Crichton

The newest microbrewery in Rochester also brews its own coffee and serves home-made meals, as well.

Officials cut the ribbon today to welcome Fifth Frame Brewing Company at 155 Saint Paul Street downtown.

Co-owner Jon Mervine says they're different from the other breweries.

"The idea behind the whole business model is that you can start your day with us, come in and have a mid-day pick me up, and you can also end your day with us," he said.

Mervine and co-owners Wade Reed and Jarred Foster share another passion: bowling. 

A Wayne County manufacturer plans to undertake a big expansion and add hundreds of jobs.

The announcement came from Governor Andrew Cuomo on Wednesday who says that IEC Electronics will invest more than $20 million to relocate and construct a new state of the art facility in Newark. They also plan to create up to 362 new jobs.

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