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Family-owned businesses need a succession plan

According to the Conway Center for Family Business, 35 percent of Fortune 500 companies are family controlled, and family businesses account for 64 percent of U.S. gross domestic product, generate 62 percent of the country’s employment and account for 78 ...

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Jim Kelly is pulling for Taylor to deliver Bills stability

The man against whom all Buffalo Bills quarterbacks are judged watched from the sidelines at a recent training camp practice as Tyrod Taylor did his thing. A blitzing linebacker chased Taylor from the pocket, but the signal caller kept his ...

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Radio guy loves selling grandfather’s pasta sauce

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It was a simple ritual but a beloved one. Every Sunday, Paul Guglielmo walked into his grandparents’ house in Conneaut, Ohio, where his grandfather, Pete, was busy making the family’s pasta sauce from scratch. Family and friends, new and old, ...

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Rochester jobless rate drops in June year over year

The unemployment rate in Rochester declined to 4.3 percent in June from 5.2 percent the previous year, outpacing the statewide drop, according to the latest Bureau of Labor Statistics figures released Wednesday. The Rochester figure reflected both a decrease of ...

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Efforts to foster diversity often create the opposite result

Decades worth of studies show that a diverse workforce measurably improves decision-making, problem-solving, creativity, innovation and flexibility. For this reason, U.S. companies have invested millions to create programs designed to increase or maintain a diverse workforce. Such programs are typically ...

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Nonprofit Report: Rochester Rotary Charitable Trusts Inc.

Rochester Rotary Charitable Trusts Inc. is an arm of the Rochester Rotary Club, a service organization with more than 350 members, and it supports club programs that serve children and young adults (ages 7 to 21 years old) with disabilities ...

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Weak business spending is core problem

So what gives with the economy? Last month I talked about the generally weak first-quarter GDP reports since 2014, with both consumer and business spending lacking. I had hoped for a rebound in the second quarter of 2016 similar to ...

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It’s early, but virtual reality for the masses has great potential

How would you like to have superpowers for less than $100? You can see in the dark, travel anywhere in the world in an instant, or even shrink yourself down to view an analytical visualization from the inside. All this ...

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GDP growth rate in New York lags national average

Following a flat final quarter of 2015, New York’s real GDP—the market value of goods and services produced by labor and property in the state—grew at an annualized, seasonally adjusted rate of 0.5 percent in the first quarter of 2016, ...

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Reunions illustrate what workplaces should have

The summer season often brings people together for a variety of reasons: family reunions, graduations, weddings and other milestones. The dictionary defines a reunion as the act of uniting again and a gathering of relatives, friends or associates at regular ...

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New York ranks high in foreign investment

Expenditures by foreign direct investors to acquire, establish or expand U.S. businesses totaled $420.7 billion in 2015, an increase of 68 percent from 2014, according to a report released July 13 by the Bureau of Economic Analysis. Among U.S. states, ...

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Nonprofit Report: The Seneca Park Zoo Society

The Seneca Park Zoo Society is a nonprofit organization that was chartered as an educational institution by New York in 1957 and has since provided education, fundraising, special events, public relations, marketing and new exhibit design support to Monroe County’s ...

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New IRS audit rules for partnerships will have a big impact

New tax rules passed by Congress late last year dramatically overhaul the regime for IRS partnership audits. Limited liability companies and other tax partnerships will need to directly engage with these rules and modify their governing documents to address them. ...

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