Economy & Business
British firm to build $319 million facility in Genesee County
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Edwards Vacuum plans to employ 600 at the Western New York Science & Technology Advanced Manufacturing Park.
Rochester Beacon (https://rochesterbeacon.com/category/economy/page/2/)
Edwards Vacuum plans to employ 600 at the Western New York Science & Technology Advanced Manufacturing Park.
The company, based in Rochester since 2017, is nearing $30 million in annual sales.
Buyer sentiment has turned negative amid rising mortgage rates and economic uncertainty, but homes in Rochester continue to sell faster than in any other large metro nationwide.
Tomorrow, Martin Mucci will step down as CEO of Paychex, handing the reins to John Gibson. In an interview with the Beacon, he reflects on his dozen years leading one of Rochester’s top employers and most successful homegrown businesses.
The acquisitions by out-of-state companies are expected to boost the capabilities of the Rochester firms.
The commemorative plaque from the American Chemical Society will recognize the company and founder George Eastman for their achievements in consumer photography.
As mortgage rates rise, the demand for homes and new builds in Rochester is slowing, in line with other areas in the country. Rents, however, continue to increase.
Susan Holliday, past publisher of the Rochester Business Journal, is the 2022 recipient of the Herbert W. Vanden Brul Entrepreneurial Award. She will receive the award on Sept.16.
High-tech firms in the Rochester area attracted nearly $80 million in venture capital in the first half of 2022.
If the sale closes, it would be the largest deal yet to come out of the protracted settlement of Rochester entrepreneur Anthony Costello’s estate.