The investment represents and interim step in the Mississauga, Ont.-based company’s funding strategy and supports its future plans which include the Rochester Hub.
Economy & Business
Enterprise Center aims to create more success stories
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The Enterprise Center at PathStone provides funds, training and technical assistance to underserved small-business owners.
Economy & Business
D&C news staffers report on their own plight
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Members of the daily paper’s newsroom, who have been working without a contract, last week held an online town hall to spotlight Gannett’s cuts to employment and resources.
Economy & Business
Rocking Realtors’ world
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A federal court verdict against the National Association of Realtors and brokerage firms in a case brought by Missouri home sellers could result in a multibillion-dollar damage award and shake up the home sales industry.
Economy & Business
Clean-energy crunch
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Li-Cycle, Plug Power and Hyzon Motors a few years ago seemed to hold the promise of thousands of jobs for this region. But today, all three clean-energy companies are facing serious financial challenges.
Economy & Business
A Rochester business rich in history
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Kip Palmer is the fifth-generation CEO of Palmer Food Services, a multistate and international business whose roots trace back to a 19th century fish monger who plied the city’s streets in a horse-drawn wagon.
Economy & Business
Li-Cycle’s cost estimate for Rochester Hub soars
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The Canadian company is evaluating financial and strategic options to continue the construction project while also facing legal challenges.
Economy & Business
Li-Cycle puts hub construction on hold
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The Ontario battery recycler, which received a $375 million loan commitment from the U.S. Department of Energy earlier this year, plans to conduct a review of the project’s scope and budget.
Economy & Business
ITX acquires Philadelphia firm
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The deal to buy Philadelphia’s SUMO Heavy brings deep e-commerce knowledge to Rochester-based ITX.
Economy & Business
Incentives worth nearly $64 million OK’d for fairlife project
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The County of Monroe Industrial Development Agency approved $63.4 million in tax incentives for the Coca-Cola subsidiary’s planned $660 million milk production facility on Tebor Road in Webster.
Economy & Business
Hyzon, former execs agree on $25.7M fine to settle fraud charges
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The settlement, subject to court approval, completes an investigation by the Securities and Exchange Commission. The Honeoye Falls company was charged with misleading investors.