Economy

Economy
3:26 pm
Thu April 17, 2014

Employment Rises In The Latest Rochester Numbers

Credit PBS.org

The latest numbers out from the New York State Labor Department show continued modest growth in jobs in the Rochester area.

There was a gain of 2900 private sector jobs in March compared to March of last year.  State Labor Analyst John Slenker says the parts of the local economy that saw gains include financial services, private education and health care, leisure and hospitality.

He says one part of the economy that saw a job loss was construction, but that's not a surprise given the weather.

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Economy
12:08 pm
Thu April 17, 2014

A Harsh Winter Helps Dampen Home Sales

Credit www.teamgalt.com

New numbers out from local realtors and home builders show that the bitterly cold winter probably had an impact on home buying in the first quarter.

The Greater Rochester Association of Realtors says that overall in this area, home sales declined 8.3 percent compared to last year at this time.  The president of the association, Andy Burke, says that the nasty winter may have deterred some people from either getting their home ready to sell or going out looking for a house. He says another reason for home sales decline is a lack of inventory.

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Economy
5:57 pm
Wed April 16, 2014

Rochester Officials Choose High-Rise Option For Charlotte Development

Edgewater illustration of proposed Charlotte development.
Credit Edgewater Resources

Despite objections from some people living in the Charlotte area, Rochester Mayor Lovely Warren's administration is moving forward with a proposal for a $77 million high rise development in that neighborhood.

City Hall officials are pursuing the plans laid out by Edgewater Resources, instead of a plan proposed by CEA International and Morgan Management. The Edgewater proposal would involve a hotel and conference center, about 120 condos, 50 townhouses and other amenities. The other plan would have been for a smaller, four story building.

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Economy
3:52 pm
Wed April 16, 2014

New Genesee Brewery CEO Looks For Growth

Credit Randy Gorbman / WXXI News

The new leader of the Genesee Brewery started his job this week and Kris Sirchio is looking to build on the relationship his company already has with the Rochester community.

Sirchio was named CEO of North American Breweries, the company that has owned the Genesee Brewery for the last five years, and he looks to build on the growth that has already occurred in recent years.

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Economy
2:47 pm
Tue April 15, 2014

Former Kodak CEO Perez Sees Compensation Rise In 2013

Credit Kodak President Antonio Perez

Former Kodak CEO Antonio Perez received total compensation last year of nearly seven and a half million dollars. That information is contained in the 2013 proxy statement just filed by the company. Perez's salary of  just over a million dollars was about the same as it was the year before, but he also received  a bonus and stock awards totaling over five million dollars.

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Economy
12:56 pm
Mon April 14, 2014

Two Local Coldwater Creek Stores Are Among Those Closing

Women's clothing retailer Coldwater Creek  has filed for Chapter 11 and plans to close all of its stores by early summer.

The company's stores and website are still up and running now, but the business says it is getting ready to wind down operations. It plans to start liquidation sales soon.

In this area Coldwater has a store at Eastview Mall in Victor and also at the Waterloo Premium Outlets complex in Seneca County.

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Economy
8:11 am
Fri April 11, 2014

Connections: Middle Skills Jobs

What are middle skills? How can they help students get jobs? Three guests talk about this topic:

--MCC President Anne Kress discussing what the college is doing to steer youth into a middle skills profession. Kress is part of the Workforce Development CEO team .

--Dr. Suzanne Piotrowski from URMC to talk about the need for youth to turn to health care professions .

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Economy
4:56 pm
Thu April 10, 2014

Two RIT Properties To Join New State Business Program

RIT is the first private university to be selected to participate in the state’s  START-UP  NY  business development initiative.

Under the program, qualifying businesses that locate in those spaces and create new jobs will pay no state or local taxes for 10 years.

The state has approved two RIT-owned properties, one of them at 40 Franklin Street in downtown Rochester, and the other at the Venture Creations incubator in Henrietta.

RIT President Bill Destler says the university expects to quickly fill the space that RIT has had approved for the program

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Economy
3:51 pm
Thu April 10, 2014

New CEO Named At North American Breweries

The parent company of the Genesee Brewery, North American Breweries,  has a new CEO. He is Kris Sirchio, who has been an executive at a number of companies, most recently as Global Chief Marketing Officer at Brown-Forman, which is a global manufacturer and marketer of premium alcoholic beverages including Jack Daniels.

His early stints include working in marketing at Proctor and Gamble.  He officially starts at Genesee on April 14th. He and his family will relocate to the Rochester area.

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Economy
2:49 pm
Wed April 9, 2014

Local Start-Up Company Starts Shipping New Device For The iPhone

A new Fairport company is starting to ship its first products, one that could help filmmakers better use their iPhones to make movies.

The company is called "Moondog Labs" and its founders are two former Kodakers, Julie Gerstenberger  and Scott Cahall.

They both have experience in optics, and they have developed something called an anamorphic adapter for the iPhone. Gerstenberger says it's a special lens that allows the user to capture panoramic images and record wide screen video.

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