Economy

Economy
5:21 pm
Thu October 9, 2014

RG&E Receives Federal Grant To Upgrade Hydroelectric Plant

Credit Iberdrola USA

Rochester Gas and Electric has been awarded nearly $3 million from the federal government for improvements to one of the company's hydropower plants on the Genesee River.

The $2.8 million grant comes from the 2009 economic stimulus program.  It will help pay for improvements to an RG&E  hydroelectric plant at High Falls, known as Station 2.

The utility has three hydropower plants along the Genesee River in Rochester.

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Connections
3:51 pm
Thu October 9, 2014

Connections: Tax Credits For Musicians

New York lawmakers wanted Hollywood to make more movies in New York State, so they created the Film Tax Credit Program. Now they want more musicians to record their albums in New York, so they've created a similar bill. We'll examine what that would mean to musicians and bands, large and small, all across our region. The panel includes:

Economy
1:28 pm
Thu October 9, 2014

Ken Glazer Named Managing Partner At Buckingham

Ken Glazer has been named managing partner at Buckingham Properties. He is the son of Larry Glazer, who along with his wife Jane, died in a plane crash  off the coast of Jamaica last month.

Glazer tells the Rochester Business Journal that he will work with Buckingham's management team, overseeing day-to-day operations as his father had.

The other Buckingham partners are Rick Glazer, Ken Glazer's brother, and Daniel Goldstein.

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Economy
2:12 pm
Wed October 8, 2014

New Executive Director Named For Rochester's Convention Center

Officials with the Rochester Convention Center Management Corporation have named a new leader to take over for Joe Floreano, who died after a battle with cancer last month.

James Brown will be the new executive director of the facility, which was recently renamed the Joseph A. Floreano Rochester Riverside Convention Center.

Brown served as interim executive director during Floreano's illness as well as serving as the facility manager.

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Economy
1:43 pm
Wed October 8, 2014

Veterans Job Fair in Rochester

Veterans Job Expo at Diplomat Banquet Center
Credit Alex Crichton

Over 100 employers with hundreds of positions to fill met with prospective employees during the Veterans Outreach Center's 14th annual Veterans Job Expo in Rochester.

VOC Executive Director Todd Baxter says its one of the most important services the Center can provide to the community.

Baxter says the unemployment rate for veterans nationally is higher than the rest of the population, and job fairs like this can match employers with potential employees who have the skill sets they're seeking.

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Economy
1:23 am
Wed October 8, 2014

Rochester Honors Business Hall Of Fame Inductees

Five Rochester-area businesspeople were inducted into the Rochester Business Hall of Fame Tuesday night.

They included Paul DeCarolis of DeCarolis truck rental; Jane Glazer, founder and CEO of QCI Direct; Robert Hopkins and John Bruning of Tropel  and Corning-Tropel;  and Claude Wright of Wright Beverage distributing.

Particia Leva, president of  the local Junior Achievement chapter which helps run the Hall of Fame, says those inducted into the hall have to demonstrate a number of qualities. 

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Economy
4:26 pm
Tue October 7, 2014

College Town Getting Ready For Grand Opening

Credit collegetown.com

After groundbreaking that started in May of last year, officials with the massive College Town project say they are ready to celebrate a grand opening.

The project involves retail, residential and office space off Mount Hope Avenue near the University of Rochester, and on October 17th, the ceremonies will mark the completion of the project and the opening of a new Barnes and Noble store.

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Beth & Matt
5:22 pm
Mon October 6, 2014

WATCH: Beth & Matt Talk Gas Prices and New Jobs Coming to Rochester

WXXI"s Beth Adams and Democrat & Chronicle Business Reporter Matt Daneman discuss the possibility that gas prices could soon fall, new jobs coming to Rochester, and a photonics push by President Obama that could benefit the region.

Video created by Todd Clausen, D&C

Economy
1:04 pm
Mon October 6, 2014

New Housing in JOSANA Neighborhood

Officials break ground at new housing project; Sahlen's Stadium in the background
Credit Alex Crichton

Groundbreaking ceremonies were held Monday for Stadium Estates, new affordable housing units which will be built right across the street from Sahlen's Stadium in the JOSANA neighborhood in northwest Rochester.

It will consist of 45 3, 4 or 5 bedroom rental units, with the possibility of home ownership in the future.

Scott Benjamin is president of Charles Settlement House, one of the co-developers.

He says the project continues what was envisioned for the neighborhood when Sahlen's Stadium was built.

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Economy
3:45 pm
Fri October 3, 2014

Competing For A New Photonics Institute In Rochester

Credit Randy Gorbman / WXXI News

President Obama on Friday announced a new competition to award more than $200 million in public and private investment to create a photonics manufacturing institute.

Local officials feel the Rochester area is uniquely qualified for that kind of an operation.

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