Rochester Beacon (https://rochesterbeacon.com/category/economy/)
The Toronto-based company, whose nearly $1 billion Rochester Hub construction project is on hold, says a Trump executive order aligns with its role in critical mineral recovery. But the firm has been silent on how the directive might impact the domestic electric vehicle market—its main source of revenues.
The Nov. 20-21 event is a Global Entrepreneurship Week official activity, bringing together entrepreneurs, business owners, nonprofits, community organizations, and industry leaders.
After pausing construction on its local battery resource recovery hub last year amid soaring costs, the company’s latest quarterly report outlines actions taken to finance the project’s future.
In the midst layoffs and restructuring, the company has softened its 2024 revenue outlook after seeing diminished third-quarter equipment sales due in part to Hurricane Helene and delayed product launches.
New business applications surged locally and nationwide with the COVID-19 pandemic, and the figures have persisted at unusually high levels. What’s fueling the trend and is it here to stay?
In a deal that ESL Federal Credit Union said will allow it to grow its footprint and offerings in the Finger Lakes region, the company is acquiring Generations Bank and its parent company.
After raising around $15 million in capital combined, four local startups targeting diverse markets graduated from the RIT Venture Creations Incubator last week.
Houses for sale in metro Rochester stayed on the market longer in July compared with a year earlier, but they still sold more quickly here than in any other large metro nationwide.
CannaMetrix aims to provide medically relevant, biological endpoint metrics for validating the quality and potency of cannabis products.
Home prices have been surging here, a fact captured in the city of Rochester’s controversial recent property reassessments. When property values rise, it creates more wealth for homeowners—but a higher assessment does not necessarily translate into a tax increase.
The U.S. Department of Commerce grant also unlocks $8 million in matching funds and additional resources from Empire State Development.
