Economy

Economy
3:18 pm
Tue July 22, 2014

Penn Yan Dairy Firm Adds Jobs

Emmi Roth USA, a producer of premium specialty cheeses and dairy products is expanding and adding 50 jobs in Penn Yan.

The company's plant in Penn Yan makes Siggi's brand yogurt as well as milk and creamers for food service dispensers. Governor Cuomo says the company's plant is currently at capacity and they need to invest in the facility to grow their market share in North America.

Emmi Roth is investing $11.6 million in the expansion.  New York State is providing up to $400,000 in tax credits, which are tied to job creation and company investments in that facility.

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Economy
1:31 pm
Tue July 22, 2014

June Jobless Rate Falls To 5.8 Percent In The Rochester Metro

Credit PBS.org

The unemployment rate fell in June in the Rochester area to 5.8  percent. That was the same as it was in May, but down from 7.1 percent in June of a year ago.

State labor analyst Tammy Marino says this has been a trend of slow, steady improvement in recent years.

"Looking back over the past four years employers have been creating new jobs on a very consistent basis so as a result the local unemployment rate fell to its lowest June level since 2008."

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Economy
12:43 pm
Tue July 22, 2014

Looking For Input On Economic Development Projects

Eastman Business Park
Credit Eastman Business Park

The Eastman Business Park again tops the list of priorities for the Finger Lakes Economic Development Council as it releases its draft progress report.  The report is part of the regional council's effort to make the case for some of the millions of dollars in state funding that will be available for various projects.

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Economy
7:26 pm
Mon July 21, 2014

RCSD Officials Meet With The President

President Obama addressing urban school officials in Washington-RCSD Supt. Bolgen Vargas can be seen just to the left of the president.
Credit Cspan.org

Rochester School Superintendent Bolgen Vargas and School Board President Van White were in Washington Monday, joining officials from 59 other urban school districts.  They were there as part of an effort organized by a group called the Council of the Great City Schools, and they made a commitment to improve education outcomes for boys and young men of color.

Vargas says this is an important group of students to focus on, especially considering that African American and Hispanic males make up 43 percent of city school students. 

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Economy
11:05 am
Mon July 21, 2014

Wegmans Ranks Highly In New Harris Poll

Wegmans is getting high marks in another survey. This time it is from the Harris Poll EquiTrend study which measures brand equity. The index looks at factors such as familiarity, quality and purchase consideration.

This poll surveys  Americans about grocery retails on a regional level, including the Northeast, South, Midwest and West.

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Economy
10:51 am
Mon July 21, 2014

Local Tourism Officials Try to Capture Chinese Market

Credit scmp.com

According to a recent study, New York State is one of the top American destinations for Chinese travelers.

Tourism officials are hoping to capitalize on the growing Chinese market. Workshops are scheduled this week throughout upstate, including the Rochester area, to educate tourism and government agencies and the hospitality industry on how to promote the region to the $102 billion Chinese tourism market.

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Economy
1:22 pm
Thu July 17, 2014

Home Sales Down, Prices Continue to Rise in Second Quarter

Credit avenuecdc.org

If you're thinking of selling your home, may be a good time to put in on the market, according to figures out today from the Greater Rochester Association of Realtors.

Home prices were up by 1.1 % for the Rochester area in the second quarter, but sales were down 7.6%  compared to a year ago.

Association president Andy Burke says that's largely due to a lack of available homes for sale.                 

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Economy
11:53 am
Wed July 16, 2014

500 High Tech Jobs Coming To Rochester

Credit Randy Gorbman / WXXI News

Governor Cuomo came to the Canal Ponds business park in Greece Wednesday to announce that 500 high tech jobs will be coming to Rochester.

He says a semi-conductor manufacturing facility is being established at the SUNY College of Nanoscale Science and Engineering facility in Greece.

A group of companies  called the New York Power Electronics Manufacturing Consortium  is partnering with the state to establish the facility. The consortium is led by Sematech and IBM. Sematech is an organization consisting of some major computer chip manufacturers.

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Economy
2:15 pm
Tue July 15, 2014

COMIDA Approves Incentives For B+L Building Sale & Other Projects

Credit B&L photo

COMIDA, the County of Monroe Industrial Development Agency on Tuesday approved incentives for several projects including the re-development of the Bausch and Lomb building downtown. Local developers who include Larry Glazer, Robert Morgan and David Flaum recently announced they are buying that building for $15 million. After B+L was purchased by Valeant Pharmaceuticals, most of the local operations were moved to their facility on Goodman Street.

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Economy
10:52 am
Tue July 15, 2014

Kodak Alaris Expands Into China

Kodak Alaris, the company that spun off from Kodak last year, now has a presence in China. The company recently established a new branch in Shanghai, called Kodak Alaris Trading.

The newly appointed CEO of that company, Ralf Gerbershagen says China is a very important market for the company's global strategy.

Kodak Alaris consists of two business units, document imaging and personalized imaging. 

Officials say they already have a lot of experience dealing with the market in China because of the years of experience the former Kodak corporation had in that region.

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