Economy

Economy
7:44 am
Tue December 9, 2014

Tipped Workers Push For Standard Minimum Wage

Credit npr.org

ALBANY, N.Y. (AP) Restaurateurs and hoteliers plan to weigh in as a state board considers whether to mandate they pay tipped workers the standard minimum wage in New York. 

The Wage Board is reviewing whether to eliminate the so-called tip wage of $5 an hour for food servers and $5.65 for hotel housekeepers. 

New York law lets employers to pay them less than the state's $8 minimum wage, set to rise to $8.75 in January, provided tips make up the difference. 

Hospitality industry groups say federal data show tipped workers average $11 an hour. 

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Economy
2:44 pm
Mon December 8, 2014

$1.2 Million Economic Development Grant for Eastman Business Park

Congresswoman Louise Slaughter and Eastman Business Park Marketing Director Kelly Mandarano
Credit Alex Crichton

Congresswoman Louise Slaughter announced a 610-thousand dollar federal grant, along with matching private funds, to help companies at Eastman Business Park bring their innovative ideas to market faster.

A total of 1.2-million dollars in public/private funds will go to assist technology developers as they go from concept to commercialization, according to Eastman Business Park marketing director Kelly Mandarano.

She explains that  many companies coming out of the incubator or innovation stage struggle with their commercialization from pilot to development.

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Economy
11:12 am
Mon December 8, 2014

Consumer Confidence at Highest Level Since 2007

New Yorkers are feeling better about the economy than they have in seven years, according to the latest survey by Siena College.

Pollster Doug Lonnstrom said a number of factors are behind the more upbeat mood for consumers.

"The stock market is hear record highs and the job reports have been good-over 300,00 last month-and gas prices are a big factor, way down, particularly upstate; and the housing market is looking better,” Lonnstrom said.

The consumer sentiment index stands at 84-points statewide, up more than five points from the last survey in June. 

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Economy
2:03 pm
Sun December 7, 2014

Busy Time For Tree Farms

Baling a big tree at Kunz'
Credit Kunz Tree Farm photo

Did you and your family pick out your Christmas tree over the weekend? Local tree farms and stands were busy with the sunny, dry day on Sunday.

Kunz's Tree Farm owner Jim Kunz and his family have had their farm on Five Mile Line Road for more than 50 years, since 1949. The family farm lost a few acres when the new Route 104 expressway came through Webster.

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Economy
11:09 am
Fri December 5, 2014

Legacy Tower Gets A New Tenant

Credit B&L photo

The former Bausch+Lomb headquarters in downtown Rochester, now called "Legacy Tower," has a new tenant.

The owners of the building, Buckingham Properties and Morgan Management, say that a local law firm, Ward Greenberg Heller & Reidy has signed a lease to move its offices from the High Falls area, to the 18th floor of Legacy Tower. That floor was originally the home of the Bausch+Lomb law department.

Ward Greenberg joins Harter Secrest and Emery, another major law firm, who recently signed a long-term renewal to remain at that building. 

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Economy
2:21 pm
Thu December 4, 2014

Fast Food Strike in Rochester

Fast food workers around Rochester and in other cities walked off the job today, calling for a 15-dollar an hour minimum wage, and the right to join a union.

Manager at the Wendy's Restaurant on East Ridge Road in Irondequoit, Kim Ramos, says she and other workers want a raise, and protections on the job.

The Fight for 15 is the growing movement to make 15-dollars an hour the minimum wage.

Currently in New York it's 8-dollars and hour and is scheduled to go to 8.75 next year.    

Ramos says even as a manager, she makes less than 10 dollars an hour.

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Economy
5:37 pm
Wed December 3, 2014

East End Landmark Transformed Into Luxury Apartments

Credit Mark IV Enterprises

Local  developer Mark IV Enterprises has renovated a well-known building in the East End in Rochester. 300 Alexander was constructed as a theological seminary in the late 1800s. The new developer says the building had been neglected for a number of years.

Steve DiMarzo is the chief operating officer for Mark IV. He says this building is an important step in the rejuvenation of the area.                       

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Economy
5:28 pm
Tue December 2, 2014

NYS Retailers Release Holiday Sales Figures

The New York State Retail Council has just released sales estimates from the Thanksgiving holiday weekend, and they show a decline compared to last year. The sales were down about 6 to 8 percent.  But retail council president Ted Potrikus  says it's hard to compare year over year, because the pre-Black Friday sales have been starting earlier and earlier, spreading out the period of time that those sales are adding up.

But in any case, Potrikus says consumers should benefit from a lot of  deep discounts.

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Economy
2:31 pm
Tue December 2, 2014

Reshaping Rochester Awards Luncheon

Reshaping Rochester luncheon at Temple B'rith Kodesh

Three winners were recognized for their initiatives and projects that have positively impacted people, neighborhoods and the community during the annual Reshaping Rochester Awards luncheon at Temple B'rith Kodesh in Brighton.

Jennifer Leonard, President and CEO of the Community Foundation, delivered the "Urban Observations" keynote address.

Her message: growth of cities is only one part planning, policies and design, and it's two or more parts people -- people who build, vote with their feet, people who take the lead, and people who dream.

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Economy
11:03 am
Tue December 2, 2014

Girl Scout Cookie Sales Go Digital

Credit gscnc.org

The Girl Scouts are going digital.

Starting next year, you'll be able to order your Girl Scout cookies on line for the first time.

Mary Jo Brown, a senior vice president with Girl Scouts of Western New York, says this is about giving the girls some 21st century business skills.

"The girl can create her digital platform,” Brown said.  “She'll then be able to manage who she sends the emails out (to) and she can track her sales, also."

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