WXXI AM News

Economy

Economy and Business news

PBS.org

New  numbers on unemployment levels around New York State show the Rochester metro area with a 4.8 unemployment rate in March.  That compares to 5.4 percent in February, and 4.9 percent in March of last year.

The NYS Labor Department did say recently  that the Rochester area lost 3,900  private sector jobs in March compared to a year ago, but state labor analyst Tammy Marino says that more people should be finding work in the coming months.

PGA Seniors coming back to Oak Hill

Apr 26, 2017
oakhillcc.com

Oak Hill Country Club is hosting the 2019 Kitchen-Aid PGA Senior Championship.

Officials made the announcement today at the course in Pittsford.

PGA Chief Championships Officer Kerry Haigh says there's a lot to like at the famed East Course, which has hosted 3 previous PGA championships, and last hosted the Senior PGA Championship in 2008.

Cuomo gets a ‘Lyft’ from the airport

Apr 25, 2017
Alex Crichton

Governor Cuomo came to Rochester Tuesday morning to talk about transportation.

He arrived at the New York Division Of Military and Naval Affairs in a car driven by a former Lyft driver, Rita Bentley of Rochester.

"She's going to be a Lyft driver again. We signed the law that allows Uber and Lyft to operate in Upstate New York.  So in just a few short weeks, she's going to be back at work," he said.

Bentley says she's excited at the prospect of driving again for the ride-hailing service.

Cuomo: Rochester's airport is the 'front door'

Apr 25, 2017
Alex Crichton

Governor Cuomo visited Rochester Tuesday to take part in a groundbreaking ceremony marking the $60 million dollar transformation of the Greater Rochester International Airport.

Cuomo arrived at the event in a car driven by a former Lyft driver, Rita Bentley of Rochester.

"She's going to be a Lyft driver again. We signed the law that allows Uber and Lyft to operate in Upstate New York.  So in just a few short weeks, she's going to be back at work," he said.

Bentley says she's excited at the prospect of driving again for the ride-hailing service.

Ginna Nuclear Power Plant

The Ginna Nuclear Power Plant in Wayne County is offline as part of the regular refueling outage that happens periodically.

The owner of the plan, Exelon Generation, says the shutdown that began early Monday ended a successful 18-month operating cycle.

The company says the refueling will provide a boost to the area economy with 200 Exelon employees sent into the area to help with a variety of tasks during the refueling , as well as more than 700 supplemental workers who will be helping out.

PBS.org

Job growth figures released this week by the New York State Labor Department show a drop in private sector jobs in the Rochester area in March. There were 3,900 fewer jobs in this region last month compared to a year ago.

NYS Labor Analyst Tammy Marino says that was likely due to seasonal factors.

The latest quarterly numbers out on sales of existing homes in the Rochester area show a decline in sales, but an increase in home prices.

According to the Greater Rochester Association of Realtors, the number of home sales in the first quarter was down seven percent compared to a year ago.

But the median sales price for a home was up nearly 8.8percent.

The president of the association, Linda Wilson, says this is really the function of just not enough homes on the market to meet demand.

Randy Gorbman / WXXI News

The impact of changing policies at the federal level on the local economy was the subject of a downtown luncheon meeting Thursday at the Rochester Riverside Convention Center.

It was organized by the Rochester Downtown Development Corporation.

It featured two media experts via Skype: David Brancaccio of  APM’s Marketplace Morning Report, which is heard weekdays at 6:50 a.m. and 8:50 a.m. on WXXI and Susan Page, Washington Bureau chief for USA Today.

City announces new worker-owned startup in Rochester

Apr 12, 2017

City officials introduced a new Rochester-based company today, the first launched by the city's Market Driven Community Corporation, or MDCC.

It's an initiative launched two years ago designed to build opportunities for residents in high poverty neighborhoods.

That first company is ENEROC, and it will install LED lighting in parking garages at Rochester Regional Health, according to Rochester Mayor Lovely Warren.

LaBella Associates/City of Rochester

The longtime questions of what will be built on Parcel 5 in downtown and where the Rochester Broadway Theatre League will build a new performing arts center were both answered at the same time Friday morning.

RBTL will build a new center on Parcel 5 at Midtown, it was announced at the Tower280 building. The Golisano Center for the Performing Arts and Tower will be a joint venture between Morgan Communities and the RBTL.

Pages