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

One business deemed essential, a commercial glass company in Wyoming County, is helping another essential firm keep employees a little safer during this coronavirus emergency. Robb’s Glass in Warsaw was commissioned by a regional bank to create an acrylic counter ...

The City of Rochester is expanding its Kiva loan program to make more capital available to small businesses during the economic downturn expected in the wake of the COVID-19 pandemic.  Mayor Lovely A. Warren announced the changes Monday that will expand ...

Tagged with: Kiva Rochester lovely warren

Gov. Andrew Cuomo ordered all workers for “non-essential” businesses to stay home and threatened civil fines or mandatory closure to those employers who don’t comply. The edict goes in effect at 8 p.m. Sunday. He also said all public gatherings ...

A growing number of local banks and other financial institutions have closed their lobbies to most in-person visits in light of the COVID-19 pandemic. Meanwhile, Gov. Andrew M. Cuomo Thursday announced steps he plans to take to alleviate some financial ...

While home-bound workers are doing their jobs remotely, sometimes for the first time, one local company has created a guide that could help many, many businesses carry on in the wake of a pandemic.  Perinton-based First American, with 30,000 video ...

Tagged with: First American Karen Pomezal pandemic video conferencing

The hotel industry, already slammed hard by the coronavirus pandemic, will be forced to endure an even steeper nosedive of occupancy rates and revenue in the coming weeks. But even when the health crisis subsides in the United States, hoteliers ...

Two more private lenders have filed suit against developer Tom Masaschi, his partner in DHD Ventures and the various limited liability companies they created when they financed a host of local and out-of-state projects. The latest suits — coupled with ...

The Upstate New York economy was already showing signs of a slowdown before the pandemic showed up. M&T Bank’s economist Gary Keith had prepared a presentation on the Upstate New York economy for for Upstate Capital members in Buffalo Thursday ...

Tagged with: Big Ditch Brewing Co. Buffalo economy Gary Keith M&T Bank Noa Simons Upstate Capital Upstate New York

Business borrowers who need to seek loans outside of traditional banks now have a single source: Pursuit. Pursuit is the new name for the New York Business Development Corporation and two nonprofit affiliates, The 504 Company and the Excelsior Growth ...

Tagged with: Avani Technology Solutions Excelsior Growth Fund New York Business Development Corporation Optimax Systems Pat MacKrell Pursuit Royal Car Wash The 504 Company Vertex Optics

Faheem Masood, president and CEO of ESL Federal Credit Union, has been named to the Federal Reserve Board’s Community Depository Institution Advisory Council. The national council provides input to the Federal Reserve Board on the economy, lending conditions and other ...

Tagged with: ESL Federal Credit Union faheem masood Federal Reserve Board Five Star Bank Martin Birmingham

Three local companies have landed once again on Training magazine’s 2020 list for Training Top 125 Organizations. The companies are: Paychex, the company that provides human resources, payroll and other services to business, ranked No. 14. It was No. 12 ...

Tagged with: ConServe ESL Federal Credit Union Paychex training Training magazine

As Community Bank takes over Steuben Trust Co. and eliminates duplication in some areas, it expects to lay off 39 Steuben Trust Co. workers. Community, based in Dewitt, Onondaga County, plans to close three Steuben branches in communities where both ...

Tagged with: banking Community Bank layoffs Steuben Trust Co.

Five Star Bank is planning to expand further into the Buffalo market and has just won federal and state approval for two more branch offices in the Queen City. Five Star currently has a downtown Buffalo office and others in ...

Citizens Bank has issued an $8.7 million loan to help create 41 new units of affordable housing in the city of Rochester. The project, Jefferson Wollensack LLC and sponsored by the Urban League of Rochester, will convert the former Wollensack ...

Mark Kovaleski and Tom Rogers have known each other for some time and in different settings. Kovaleski’s firm has provided accounting services to two companies that Tom Rogers has worked for and both served on the same charitable board. But the ...

Tagged with: Mark Kovaleski Mengel Metzger Barr MMB Tom Rodgers Tom Wolf