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Economy

Economy and Business news

npr.org

The latest numbers on job growth from the New York State Department of Labor show an increase in jobs in the Rochester area. Officials say the Rochester area saw an increase of 4,200 private sector jobs in December compared to the previous year.

Overall for 2016, state labor analyst Tammy Marino says it was a pretty good year for job seekers.

PBS.org

A new report on the Rochester area commercial real estate market shows some positive signs for the local economy.

The annual report from the Rochester division of CBRE, a global realty company, says that vacancy rates for commercial buildings both downtown and in the suburbs have been decreasing.

Changing the face of public housing

Jan 17, 2017
rochesterhousing.org

The Rochester Housing Authority wants to change the face of public housing.

RHA officials cut the ribbon today on a new building on Garson Avenue that houses four units.

Executive Director for RHA, John Hill, says they remodeled the entire interior and also made improvements to the exterior to make this public housing property look like any other attractive home in the neighborhood.

He says that's one way to improve the quality of life for residents who live there.

Temporary homeless shelter to close soon

Jan 13, 2017
google.com

A temporary homeless shelter will soon be closing its doors, but those who run the shelter want to thank the community for their support and are emphasizing no one will be left out in cold.

The Rev. Peter Peters is with Rochester Emergency Action Committee for the Homeless, or REACH..

Since November, the BRIDGE Home on Ontario Street has been providing shelter, in anticipation of the new House of Mercy opening on Ormond Street.

Alex Crichton

Job seekers connected with employers looking to hire at the 9th annual Career Conference and Job Fair.

RochesterWorks! partnered with the state, Monroe Community College and Monroe County to present the event at MCC.

The event attracted people like Santaniqua Adams, who came to Rochester from Georgia.

She says she was just looking for a steady paycheck.

"Anything, anything that pays the bills.  I've got two babies and they need to be taken care of," she said.

University of Rochester

Governor Andrew Cuomo has announced that New York State will establish a $10 million, multi-year Photonics Venture Challenge in Rochester.

He says the business competition will aim to support start-up companies that commercialize rapidly developing technologies through a business accelerator program and a top award of $1 million to the most promising start-up company.

Cuomo says there currently are no accelerator programs in the world that have a photonics focus.

Associated Press

The minimum wage is going up at year's end throughout New York state. 

Around New York City, it will go to $10.50 or $11 an hour, depending on the size of the business.

In the rest of the state, it will go to $9.70 an hour, with the plan to raise it to $12.50 by the end of the year 2020.

The regionalized, phased-in increases are part of a plan approved by Gov. Andrew Cuomo and lawmakers earlier this year to gradually raise the minimum wage to $15. 

TOKYO (AP)  Japanese electronics company Panasonic and U.S. electric car maker Tesla plan to begin production of photovoltaic cells and modules at a factory in Buffalo. 

The two companies said Tuesday that Panasonic will pay capital costs for the manufacturing. Palo Alto, California-based Tesla made a ``long-term purchase commitment'' to Panasonic.   They gave no financial figures. 

Associated Press

The minimum wage is going up at year's end throughout New York state.

In the Rochester region, and the rest of the state outside New York City, Long Island, and Westchester County, the minimum wage will rise to $9.70 an hour, up from the current $9 an hour.

Within New York City the wage will rise from $9 to $11 per hour, though the increase will be smaller for employees of small businesses. Their wage will increase to $10.50 an hour.

On Long Island and in Westchester County, the minimum wage will go to $10 an hour.

Bret Jaspers / WSKG News

ALBANY, N.Y. (AP) — Funding from a new Southern Tier casino's $20 million license fee is being distributed to six surrounding counties and one municipality as well as public schools throughout the state.

Gov. Andrew Cuomo announced Friday that the first $16 million from the Tioga Downs license fee will be distributed to schools statewide. The Democratic governor says Tioga County and the town of Nichols will get $1 million each as the casino's host county and municipality.

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