Economy

Economy
12:20 pm
Fri October 31, 2014

Agricultural Experiment Station In Geneva Gets A Boost

Officials from Cornell University this week unveiled renovated greenhouses at the New York State Agricultural Experiment Station in Geneva.

Jan Nyrop is a Senior Associate Dean at Cornell. He says the renovations have resulted in greenhouses that will be more energy efficient, allowing those savings to be plowed back into research.

And Nyrop says that research has provided a big boost to the state’s economy.

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Economy
8:13 am
Fri October 31, 2014

UTC Retail Leads The Latest Top 100 List

UTC Retail, a developer of software, hardware and other products that help retailers improve their businesses is ranked #1 in the latest Rochester Top 100 list.  Those rankings, produced annually by the Rochester Business Alliance and KPMG, list the fastest-growing privately held businesses in the Rochester area.

UTC Retail employs 76 people and is based in Victor. The local development firm, The Pike Companies came in at #2  and ConServe, a collection agency, was ranked #3.

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Connections
3:12 pm
Wed October 29, 2014

Connections: Conscious Capitalism

What is conscious capitalism? We’ll learn about the movement and an upcoming Rochester-based event about restoring trust – in business, in the public service sector, and more with our guests Bill Benner and Bob Whipple.

Bill Benner, president and founder of WW Consulting

Bob Whipple, CEO of Leadergrow Incorporated

Economy
12:01 am
Mon October 27, 2014

Looking At Voice Of The Voter Concerns About The Economy

The Voice of the Voter survey released over the weekend shows that a lot of people in the Rochester area are less than confident about their financial future. 

In terms of  what issues area voters feel are the most important facing New York State along with Monroe County and the City of Rochester, problems with the economy came in number one.  74 percent of those surveyed are concerned about their own job security or the job security of close family members.

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Economy
11:40 am
Sun October 26, 2014

Gillibrand To Visit Medina

POUGHKEEPSIE (AP) Sen. Kirsten Gillibrand plans to visit a job training center in western New York.

The Democrat is scheduled to tour the Iroquois Job Corps Center in Medina, Orleans County, Monday morning.

The center provides free, federally funded educational and career training programs for vulnerable teens and young adults.

Later in the day, Gillibrand will travel to Poughkeepsie to join U.S. Rep. Sean Patrick Maloney on a tour of an energy-efficient home recently renovated by students from the local Youthbuild program.

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Economy
12:53 pm
Fri October 24, 2014

Mixed Picture For Local Home Sales

New numbers out from the Greater Rochester Association of Realtors show that sales of existing homes were up sharply in the third quarter compared to the second quarter, but down compared to last year at this time.

Sales were up nearly 16 percent from the second quarter, but down six percent compared to the same quarter last year.

The  president of the association, Andy Burke, says that one factor impacting sales is a relatively low inventory of existing homes. He also says that homeowners are staying in their homes longer.

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Economy
3:34 pm
Wed October 22, 2014

Local High Tech Company Adding Up To 25 Jobs

A local high tech company is getting a $450,000 federal grant to develop and commercialize an innovative method of producing solar power cells.

Intrinsiq Materials, which is based at the Eastman Business Park, will be working with RIT and SUNY to come up with solar cells that can be produced less expensively and also that are manufactured with a more environmentally-friendly process.

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Economy
10:32 am
Wed October 22, 2014

Verizon Wireless Hiring More Than 200 In Henrietta

Verizon Wireless is hiring again to fill positions at its call center in Henrietta. The company says it expects to fill more than 200 jobs over the next several months. 75 of those positions will be filled by the end of the year.

Currently the local call center employs about 1300 people.

The company has already hired more than 300 people this year. The Henrietta call center is one of about 20 call centers for Verizon Wireless across the country, and each one handles calls from all over the nation.

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Economy
8:06 am
Wed October 22, 2014

Xerox Beats Earnings Expectations; Sales Down Slightly

Credit Xerox

Xerox is reporting 3rd quarter numbers Wednesday that saw better than expected profits, while sales were a bit less than analysts anticipated.

This has been an ongoing story for Xerox, with profits coming in a little ahead of Wall Street expectations, and sales generally flat or down slightly overall. The company earned $266 million in the quarter, down $20 million from last year.

Earnings per share of  27 cents beat estimates by a penny. Revenues of  $5.1 billion were down two percent.

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Economy
5:25 pm
Tue October 21, 2014

Local Spin-off Company To Add 132 Jobs

A company which is a spin-off from the University of Rochester Medical Center is expanding operations and will add 132 jobs in the process.  

That according to Governor Cuomo who says that PharmAdva is one of 17 businesses recently added to the new  START-UP NY program.  That's an iniatiative where new and expanding businesses can locate on land owned by a college and get a tax break.

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