Rochester Business Journal Leading source of business news and information in Rochester, N.Y.

In an effort to recover from significant economic challenges brought on by the COVID-19 pandemic, New York state’s new $212 billion budget — signed by Gov. Andrew Cuomo this week — contains approximately $4.3 billion in new tax revenue, most of which will be generated from tax increases for high-income earners and corporations. New York is not alone in this plight, as ...

The Royal Oak is said to have provided shelter and protection for King Charles II in English history. In the pandemic year of 2020, the aptly named Royal Oak Realty Trust provided shelter and growth for accredited investors during the ...

With increasing confidence that the United States will be getting the COVID-19 pandemic under control with more widespread vaccinations, local investment experts say that many industries that were harmed by the coronavirus are poised for a comeback. “Everyone is going ...

Rochester’s Ortho Clinical Diagnostics has been awarded a $53.7 million contract from the U.S. Department of Defense to fund manufacturing capacity expansion dedicated to U.S. customers of the company’s COVID-19 antigen and two antibody tests and for the company’s VITROS ...

Tagged with: barda covid department of defense ortho clinical diagnostics

Widespread vaccination across the United States has created hopes for life and the economy to revert to normal. With a steady decline in the number of positive cases and deaths, vaccination advocates seem to have found greater support for their cause. By the ...

NextCorps Inc. — which recently celebrated three years at Sibley Square downtown — has continued to help develop cutting edge companies despite the COVID-19 pandemic and is now looking to add to its list of services for entrepreneurs. The organization’s ...

With nearly a year of pandemic restrictions, closures and economic turmoil under their belts, nearly half of Finger Lakes Region CEOs said they expect the New York state economy to worsen at least somewhat in the year ahead, an annual ...

Innovation and technology has been part of Rochester’s core for more than a century, and the path paved by the likes of Eastman Kodak and Xerox is still being traveled by dozens of high-tech firms advancing health care, battery technology, ...

Students living in Rochester’s Cornerstone Group and Charles Settlement’s Stadium Estates properties now have access to free wireless internet connections through the Community Classrooms program. Community Classrooms aims to repurpose underutilized spaces within affordable housing developments to ensure students have ...

The COVID-19 pandemic has put a strain on Rochester-area businesses in the past year, but the community is poised to rebound now that the worst of the crisis has hopefully passed, according to local business leaders. The Rochester Business Journal ...

Gov. Andrew Cuomo and state lawmakers reached a deal on the state’s budget this week. The final, $212 billion budget includes a number of measures to aid industries and sectors that have been hardest hit by the pandemic. Additionally, the ...

Tagged with: assembly budget covid Cuomo education infrastructure legislation senate state budget Taxes

Despite the pandemic that had businesses and nonprofits reeling throughout most of 2020, the year was an unprecedented one for donations, a new survey shows. Donor-advised fund (DAF) account holders at community foundations nationwide granted record amounts to help their ...

Evans Bank was in the midst of a major acquisition in early 2020 when COVID-19 suddenly hit, and the world was put on pause. The situation raised questions for the financial institution. “We asked ourselves that, given the current environment, ...

New York State recently reached a sobering milestone: Just over one year ago a state of emergency was declared as the number of COVID-19 cases in the state began to climb. While we have, thankfully, made significant strides in our ...

Restaurants, wineries, brewpubs and bars are eligible to apply for federal relief, part of the $1.9 trillion COVID-19 relief package passed by Congress last month. A pool of $28.6 billion will be used for grants issued through the Small Business ...