Economy & Business
Datto, founded by RIT graduate, goes public
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The company that Austin McChord started in 2007, which employs 200 in the Rochester area, raised more than $500 million in its IPO.
Rochester Beacon (https://rochesterbeacon.com/category/economy/page/2/)
The company that Austin McChord started in 2007, which employs 200 in the Rochester area, raised more than $500 million in its IPO.
Winner of a $10 million state grant, NextCorps will run an early-stage cleantech accelerator to speed startups’ path to the marketplace.
The photonics company, which took home $1 million at Luminate Finals 2020, originated at Massachusetts Institute of Technology. CEO Nish Sonwalkar sees a bright future for his business here.
The jobless rate last month was 13.7 percent in Monroe County and 12.9 percent in the metropolitan area.
Our region has sharply reduced the COVID-19 risk level here. But the local economy is vulnerable to numerous factors beyond the region’s control.
The Ontario County mall has resolved some issues raised by a rating agency but faces future challenges.
The COVID-19 pandemic is driving growth for the fledgling, subscription-based business in Geneva, which delivers healthy, farm-to-table, ready-to-eat food.
Our region’s businesses could have a competitive edge in the new environment.
The company’s share price rose more than 200 percent on news that a $765 million loan will enable it to launch Kodak Pharmaceuticals in Rochester.
The cloud-based commerce startup allows smaller wineries to compete effectively with larger ones.