Economy & Business
PreAct Technologies raises $14 million
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Luminate NY’s fourth cohort winner, based in Portland, Ore., has committed to setting up its pilot high-tech manufacturing here.
Government & Politics
Report calls for increased AIM funding for Rochester
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State Sen. Samra Brouk says Rochester is underfunded compared to other large upstate cities and needs additional state money to address the challenges of crime and poverty.
Economy & Business
Heretto gets $17 million from Golisano investment firm
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The SaaS firm is the latest local business backed by Grand Oaks Capital.
Economy & Business
GM to invest $68 million in Rochester plant
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The local facility is one of four General Motors sites nationwide to receive nearly $1 billion in total funding for V-8 engine production and EV components.
Education
RIT provost named president of George Washington University
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Ellen Granberg, the first woman to become RIT provost, in July will become the first female leader of GW.
Education
UR to offer tuition-free nursing education
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The UR Nursing Scholars Program will reimburse all tuition costs annually for 33 Accelerated Bachelor’s in Nursing students at the university.
Education
Ains make $1.5 million gift to Eastman School
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The gift from Eastman alumnus Susan Ain and her husband, Aron, establishes a newly endowed violin professorship. It comes during the school’s centennial campaign.
Community
Golisano Foundation leader Costello to retire
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Executive Director Ann Costello has spent 23 years at the helm of the foundation that Paychex founder Tom Golisano established in 1985 to help individuals with intellectual and developmental disabilities.
Economy & Business
N.Y. to provide matching funds to early-stage firms
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The Pre-Seed and Seed Matching Fund Program will offer eligible businesses $50,000 to $250,000 in growth assistance.
Education
RIT secures $2 million for lab upgrade
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Rochester Institute of Technology is slated to receive federal funds to update and expand its Semiconductor Fabrication Lab.