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economic development

Feb 11, 2021

Program aims to help women find economic empowerment

A new program will launch in Rochester next month that is designed to help multicultural women lift their entrepreneurial game. Walker’s Legacy Foundation is the nonprofit arm of Walker’s Legacy, a digital media platform for multicultural women in business. The Walker’s Legacy Foundation is inspired by the philanthropic legacy of Madam C.J. Walker and her […]

Feb 5, 2021

Plug Power considering Genesee County site for $264 million facility

Plug Power Inc., the Albany area clean energy company that plans to invest $125 million in a new gigafactory in Henrietta, confirmed this week that it is considering a site in Genesee County for a $264 million facility. Plug Power has applied for fund benefits through the Western New York Power Proceeds Allocation Board to […]

Feb 3, 2021

Aqueduct project to create live-work hub

With remote work now a way of life for many, the developers of the Aqueduct Building district are joining forces with a progressive national real estate management firm to create a live-work hub in downtown Rochester. Peter Landers and his partners in the Aqueduct Building revitalization, Jim Costanza and Rob Sands, are among five groups […]

Feb 3, 2021

GRE achieves highest number of project ‘wins’ amid global pandemic

The Greater Rochester region benefitted from $550 million in capital investments last year, resulting in more than 2,100 new jobs across 34 projects. Working with governmental and community partners across the region and state, Greater Rochester Enterprise Inc. helped drive investments in a number of business sectors including optics, photonics and imaging (OPI); food and […]

Feb 1, 2021

Building, innovating talent connectivity in Greater ROC

There’s arguably no more important element to regional economic growth than a robust talent pipeline. It’s the lifeblood of economic activity, key to sustaining expansion at thriving companies and attracting new ones. Recent work by the Brookings Institution argued that “workforce capabilities far surpass any other driver of economic development.” And in a talent-driven economy, […]

Feb 1, 2021

Geneva Tech Park receives nearly $1.5 million in federal funding

A 72-acre agricultural park in Geneva will receive a more than $1.4 million influx of federal funding. U.S. Sens. Charles Schumer and Kirsten Gillibrand said last week that the federal Economic Development Administration had allocated $1.47 million for the Cornell Agriculture & Food Technology Park to construct “Tech Farm 2.” The funding will be used […]

Jan 27, 2021

Brownfield designation meant to spur Bull’s Head rebirth

A portion of the city of Rochester’s Bull’s Head neighborhood has been designated a Brownfield Opportunity Area (BOA) by New York state, a move meant to fast-track revitalization in the area. Renewal of the Bull’s Head neighborhood has been a priority for the city, and the hope is that the designation of 185 acres near […]

Jan 26, 2021

Reports: Samsung considering $17 billion factory in Genesee County

Samsung Electronics Co. is considering investing up to $17 billion to build a chip-making factory in Genesee County, The Wall Street Journal reported Friday. Locations in Arizona and Texas also are being considered. In a statement, Genesee County Economic Development Center President and CEO Steve Hyde promoted the site, at the Western New York Science […]

Jan 22, 2021

Urban League, ESL offer small business grants

The Urban League of Rochester has teamed with ESL Federal Credit Union’s Charitable Foundation to provide small businesses in Monroe County $300,000 total in COVID-19 relief funds. The Sustaining Small Businesses and COVID-19 Relief Grant Program will support small business owners in a number of vital sectors including service/hospitality and lifestyle; health and wellness; and […]

Jan 21, 2021

Construction to address flooding begins at Braddock Bay

Construction has begun on the West Point Marina resiliency project in Greece, one of 11 Resiliency and Economic Development Initiative (REDI) projects awarded to the town of Greece. The nearly $550,000 grant-funded project will help protect West Point Marina, or Braddock Bay Marina, from future flooding and ensure continuous recreational opportunities. West Point Marina is […]

Jan 19, 2021

Plug Power to build gigafactory in Rochester, bring 380 jobs to region

Rochester will be home to the world’s first gigafactory dedicated to the production of hydrogen fuel cell stacks and electrolyzers, Plug Power Inc. and Gov. Andrew Cuomo said Tuesday. U.S. Sen. Charles Schumer hinted at the deal in late December, but Plug Power officials declined to confirm the project. The Albany-area provider of modern hydrogen […]

Jan 15, 2021

Hemp’s been around forever, but the industry is still emerging

Man has been using hemp and finding new uses for it for thousands of years, but it’s still emerging and developing as a plant and as an industry today. Hemp is defined in New York by the Department of Health as varieties of cannabis that contain 0.3% or less of THC content by dry weight. […]