Economy

Economy
1:24 pm
Thu November 14, 2013

Marina Project Underway

Groundbreaking for Marina Project

After several years of planning, local, state and federal officials officially broke ground Thursday on the Port of Rochester Marina Project.

The plan calls for a new marina, along with additional roadways, commercial and residential space on the Genesee River in Charlotte.

Mayor Tom Richards says he's happy the project is finally starting, and it represents a long-term investment by the city in Charlotte.

State Senator Joe Robach says this project will mean jobs, higher property values and increased foot traffic for area businesses.

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Economy
11:07 am
Tue November 12, 2013

AARP Urges Local Employers to Hire Older Workers

Credit www.bloomberg.com

Older Americans have a much tougher time landing a new job after unemployment than their younger counterparts.

That's according to figures from the AARP, which held a forum today with local employers about how to address the needs of a maturing workforce.

AARP says the average time it took a 50-plus-year-old worker to find a job in January 2013 was 42.2 weeks, more than double the job-hunting duration of that age group before the recession began in December 2007.

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Economy
2:41 pm
Mon November 11, 2013

Seniors Bracing For Higher Winter Heating Costs

Credit citizenscampaign.org

A new report on heating costs from the AARP warns there's a rough road ahead for many older people in New York State this winter. The report says this part of the country could see heating costs rise as much as 13 percent or more.  AARP spokesman Dave Irwin says that news is especially troublesome for older New Yorkers.

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Economy
12:38 pm
Sat November 9, 2013

Sending More Apples & Pears Overseas

ALBANY, N.Y. (AP) — Sens. Charles Schumer and Kirsten Gillibrand want to see more New York apples and pears headed to European markets.

The two New York Democrats are making the plea as the Obama Administration gears up for another round of trade talks this coming week with European authorities in Belgium.

Schumer and Gillibrand wrote a letter to the U.S. trade representative seeking to lower trade barriers for U.S. apple and pear exports to Europe. The senators say regulations in Europe unfairly disadvantage U.S. produce like apples and pears.

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Economy
12:51 am
Sat November 9, 2013

Local Blockbuster Stores Closing

It's the end of an era for Blockbuster stores.  The company announced this past week that it would end its retail operations and its DVD's by mail by early January.

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Economy
3:30 pm
Fri November 8, 2013

Details On Bon-Ton Closing At Marketplace Mall

The Bon-Ton department store in Marketplace Mall is due to close by next March.  In a notice filed with the state labor department, the company says 73 employees will be impacted by the closing, and they will be laid off next February.

A couple of years ago The Bon-ton had announced it was shutting down operations at Eastview, Marketplace, and the Mall at Greece Ridge.

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Economy
9:06 pm
Thu November 7, 2013

Teamsters Workers Approve New Wegmans Contract

Wegmans says the Teamsters workers who staff  its trucks and warehouse have voted in favor of the latest contract proposal.

The leadership of the company and Teamsters Local 118 had agreed to a contract proposal in mid-October, but the rank and file then rejected it.

The contract, which has now been approved, includes an immediate $1,000 lump sum payment for full time workers and an 18 percent pay increase over the life of the six year contract.

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Economy
1:32 pm
Wed November 6, 2013

Holy Rosary Apartments Opening

Officials cut the ribbon at Holy Rosary
Alex Crichton WXXI

Officials cut the ribbon Wednesday on the new Holy Rosary Apartments, a project of Providence Housing Development Corporation.

The former Holy Rosary parish campus houses 35 affordable apartments.

The project also includes the construction of 25 homes in the neighborhood.

Mayor Tom Richards says this is part of the city's four focused investment areas, and the investment makes a difference because neighborhoods need centers like Holy Rosary.

Economy
5:44 pm
Tue November 5, 2013

Teamsters Workers At Wegmans To Vote Again On Contract

Members of Teamsters Local 118 will vote again on a contract for workers who are involved in the trucking and warehousing operations at Wegmans.

The vote is scheduled for Thursday. Wegmans issued a statement saying that earlier Tuesday both sides met with a federal mediator, and after that meeting the union leadership arranged a re-vote on the proposed contract that officials had tentatively agreed to last month. 

Last week, members of the union rejected the proposed settlement.

One of the key sticking points for the union has been retirement benefits.

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Innovation Trail
12:46 pm
Mon November 4, 2013

Human-on-a-chip

Researchers at the ECBC look at results from human-on-a-chip testing
ECBC

Originally published on Wed November 6, 2013 10:45 am

In a handful of labs around the U.S., researchers are creating human tissue from stem cells and manipulating them to replicate the functions of human organs, all on platforms about the size of a thumb drive. This research platform is known as a ‘human-on-a-chip’, and it has the potential to change the nature of medical treatment.

Dr. Harry Salem has been involved in his fair share of exciting scientific breakthroughs, including the creation of the breathalyzer, the infant incubator, and Nyquil.

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