Two centuries before President Joe Biden unveiled his $2.3 trillion proposal to reimagine and rebuild a new economy, New York placed its own big bet on a huge infrastructure project: the Erie Canal.
Economy & Business
A top 10 list of immigrant entrepreneurs in Rochester history
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Immigrant business founders have left an indelible mark on our hometown. The revival of a federal rule that allows startup founders to spend up to five years in the U.S. on a special visa could open the door to a new influx of entrepreneurs.
Economy & Business
REDC’s Round XI focuses on post-pandemic recovery
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Projects in the Finger Lakes region will vie for $750 million in economic resources. The state initiative opened for applications May 10.
Economy & Business
NextCorps to launch software industry accelerator
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The move is a bid to leverage talent at RIT and UR to help non-technical founders in jumpstarting new businesses and economic growth.
Economy & Business
Bausch + Lomb’s uncertain future
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The eye-health unit of Bausch Health Cos., which employs 1,100 locally, might be sold to a private equity firm or spun off.
Economy & Business
A taste of hope
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Local restaurateurs whose businesses have survived the pandemic look ahead with cautious optimism.
Economy & Business
Is a sustained labor market recovery under way?
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There’s good news about first-time claims for jobless benefits in the Rochester region—and reason for caution, too.
Economy & Business
A pandemic pivot
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With all large gatherings on hold, All Occasions Catering & Events Planning was ready to switch from special events to providing everyday meals for Rochester General Hospital medical residents.
Economy & Business
A resilient rental market
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In many metros nationwide, the pandemic has forced landlords to drop their rents to retain and attract residential tenants. Not in Rochester.
Economy & Business
Blessing or curse?
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Amazon’s plan for 3 million square feet of new construction and more than 1,000 jobs in Gates looks like a big win for Monroe County. But is a mammoth fulfillment center a net gain for the local economy?
Beaconomics
Rochester’s renewed fuel cell focus
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Hyzon Motors, established here in 2020, plans to create 100 jobs at the former GM facility in Honeoye Falls. The news follows Plug Power’s decision to create an innovation center in Rochester.