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News and Trends

Leo J. Roth bullish on downtown resurgence

The newest member to join the family business, Leo J. Roth Corp., believes commercial development in the area, namely what is happening downtown, will have a positive impact on the company.  

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New law on cybersecurity affects banks

The state Department of Financial Services’ new cybersecurity regulations that took effect starting Wednesday are touted as a protective shield for consumer data.

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Existing homes purchased at fastest pace in a decade

Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007. Home sales rose 3.3 percent in January from December to a seasonally adjusted annual rate of 5.69 million, the National Association of Realtors said Wednesday.

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MCC program posts strong growth

Monroe Community College is helping local precision machining firms find skilled workers by training potential employees and getting them into the workforce faster than was done in the past. 

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Taxi drivers battle ridesharing services

Rochester area taxi drivers spoke out against ridesharing deregulation last Friday, two weeks after the state Senate passed legislation allowing ride-hailing services to operate in Upstate New York. 

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Former First Niagara Financial Group CEO tees it up

It could be the punchline for a joke: a former banker lands a dream job involving golf. But here is one time the dream came true. John Koelmel, the former president and CEO of First Niagara Financial Group Inc. has ...

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Downtown’s revival gets praise, optimism

Thomas Masaschi has a long-term vision for the development of downtown. And five years in, the managing partner of DHD Ventures LLC is happy with what has been done so far. “I’m excited to see the new development downtown,” Masaschi ...

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RIT blames infringement on film professor

Rochester Institute of Technology says only the film professor who duped its scholarly publishing arm should be blamed for RIT Press’ publication of a copyright-infringing anthology of an iconic film critic’s work.   As the Rochester Business Journal previously reported, ...

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Mental health agency conquers $1M deficit

Villa of Hope started 75 years ago as an orphanage and eventually became a residential care facility. For a long time, the nonprofit met a community need, and there was little reason to change. The organization has become a leading ...

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Suit comes amid background check questions

A recently filed lawsuit that takes Weg-mans Food Markets Inc. to task for allegedly failing to properly alert job seekers that a third-party service would run a background check on them comes amid questions over the accuracy of information provided ...

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ROCHESTERCHAMBERtop100-Culture, training are key for real estate firm

Charles Hilbert has a laser focus on growth when it comes to his real estate business. Among the keys to achieving success are having good people and creating a culture where they can thrive on the job, he said. “It’s ...

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