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Author Archives: Special to the RBJ

Rochester labor market looking strong as year end approaches (access required)

Total payroll employment in the Rochester area was 5,200 or 1.0 percent higher than year-ago levels.   While trailing the 1.4 percent national average increase, this was the fastest growth so far this year—and more than double the 0.4 percent gain ...

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6 big innovations that could change Rochester’s economy (access required)

Last month, our organizations—NYSTAR and FuzeHub—hosted the New York State Innovation Summit in downtown Rochester. More than 500 New Yorkers gathered together to immerse themselves in the state’s innovation ecosystem. This eye-opening event gave us an early look at the ...

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Stay alert to bogus opportunities offered by investment scammers (access required)

Schemes, scams and swindles have continued throughout history.  A recent example of investment fraud with a local nexus underscores the importance of a rigorous due diligence process when selecting a financial services professional or when evaluating products and services offered ...

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New forms of cancer treatment being developed in Rochester (access required)

Immunotherapy is a promising new frontier for cancer treatment, and Rochester is home base for some cutting edge research and clinical trials that could alter the future for some of the millions of Americans who are diagnosed with various forms ...

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Big data helping to enhance cancer research and treatment (access required)

From helping meet national quality standards at the local level to creating treatment plans that improve patient care, big data is having a big impact on the field of oncology. “Data is in the DNA of what we do,” says ...

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The right mix: Holiday parties should reflect workplace culture (access required)

It’s the time of year when business owners think about preparing year-end financials, handing out bonuses, being inclusive of all religious beliefs, staying productive while everyone is on vacation and, phew, if that isn’t enough: deciding whether to host a ...

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Build your ethical culture strength to mitigate risk, optimize performance (access required)

Chapter 8, §8B2.1 of the U.S. Federal Sentencing Guidelines (the “Guidelines”) sets forth the elements of an effective compliance and ethics program that have become an internationally recognized standard for good corporate governance. Specifically, the Guidelines state: To have an ...

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Low rates, no recession, keep commercial real estate humming (access required)

Local bankers and developers are bullish on the commercial real estate lending market in the Rochester area, noting low interest rates, coupled with demand for such space, are helping to drive projects. “We see a range of great opportunities coming ...

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Keep up with laws developing to protect our consumer data (access required)

There is no doubt that the current state of privacy laws in the United States is in flux. Following the European Union’s rollout of the General Data Protection Regulation, or GDPR, in May 2018, it became clear it was only ...

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New proposals would change estate planning for retirement accounts (access required)

A new proposal pending in Congress would affect estate planning strategies for retirement accounts. The proposal highlights the need to carefully consider beneficiary designations for these accounts – whether or not the law change passes. Although the proposed changes under the SECURE ...

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Technology helping CRE firms reshape tenant experience (access required)

In 2016, a report by professional services firm Deloitte forecast that the advent of smart home systems and other new technologies in the property space would bring a seismic change to the commercial real estate industry. The technology, combined with ...

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Advisors help clients sort out conflicting investment goals (access required)

Local financial planners report that holistic financial planning involving investing, tax planning, retirement needs, Social Security, estate planning, insurance needs and other issues helps investors achieve multiple, sometimes conflicting, goals. Nannette P. Nocon, a private wealth adviser with Nocon & ...

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How to use qualified charitable distributions to achieve a win-win (access required)

On Dec. 18, 2015, President Obama signed into law the Protecting Americans from Tax Hikes Act of 2015.  One provision benefiting seniors that was made “permanent” is the Qualified Charitable Distribution, or QCD.  I say permanent with tongue-in-cheek, of course, ...

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Investors should look closely at long-term tax planning (access required)

It would be hard to find someone to argue with Dana Vosburgh when he says, “no one likes to pay taxes.” But the tax implications of one’s investments are areas that need to be addressed as part of an individual’s ...

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