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

Almost a quarter of all land in New York state is farmland, which may come as a surprise to those who think of the state as one Big Apple. A report issued by state Comptroller Thomas P. DiNapoli Thursday says ...

Tagged with: agriculture cattle crops milk New York thomas dinapoli

Rochester ranks 57th among metro areas nationwide for its gross domestic product, a new report from the federal Bureau of Economic Analysis shows. Rochester’s current-dollar GDP in 2017 was $56.55 billion, up roughly 1 percent from $55.97 billion in 2016. ...

Tagged with: bureau of economic analysis gdp

The Paychex | IHS Markit Small Business Employment Watch index of small-business job growth and wages continued its decline in August. The small business job index fell 0.73 percent to 99.22 in August, while wage data grew 2.21 percent to ...

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While the number of homes on the market in Monroe County remains low, prices are inching upward and fewer people statewide can afford median-priced houses. The median selling price for Monroe County climbed to $154,900 in August, up 3.3 percent ...

While overall construction employment matched a 10-year high in August of 7.26 million, the number of women holding jobs in the industry remains far below pre-recession numbers. There were 971,000 women nationwide working in the construction field in August, according ...

Industrial space is expected to be a thriving facet of commercial real estate development in the next few years, according to a prominent educator and industry analyst. While office and retail real estate won’t be as strong, Joshua Harris said ...

Unshackle Upstate, the non-partisan, pro-economic growth business coalition representing Upstate New York, has tapped Buffalo resident Michael Kracker as its new executive director. Kracker previously worked in several senior positions in the U.S. House of Representatives, including as deputy chief ...

Tagged with: chris collins michael kracker unshackle upstate upstate

Construction employment nationwide reached a 10-year high while the industry’s unemployment rate remained at an all-time low, according to a labor group’s analysis of government data for August. Employment increased by 23,000 jobs in August and by 297,000 job year ...

Nearly 80 percent of construction firms in New York state are having difficulty filling hourly craft positions, jobs that comprise the bulk of the industry’s workforce. In the long run, that’s not good for economic growth, one of the nation’s ...

Now here’s a landmark event: the butter sculpture at the New York State Fair, which opened Wednesday, is 50 years old. Not the sculpture that’s on display at the fair this year, of course. What’s 50 years old is the ...

Tagged with: agriculture Andrew Cuomo butter sculpture Concord grapes dairy Howard Zemsky maple products New York State Fair

Rochester’s economy continued its growth spurt in July, with a drop in the jobless rate and soaring private sector job gains. The Rochester region ranked near the top among the 15 metro areas statewide for its percentage growth in jobs ...

Tagged with: bls CEPR challenger department of labor economy glassdoor Jobs unemployment

The Rochester metro area continued to thrive economically in June as job growth improved and unemployment dipped. Rochester’s jobless rate dropped to 4.3 percent in June, mirroring a statewide trend, the state Department of Labor reported. The area added 8,800, ...

Tagged with: bls CEPR department of labor glassdoor Jobs unemployment

Employment in the construction industry climbed 11 percent in the Rochester metro area between June 2017 and June 2018, a growth spurt that ranked 22nd highest of 358 metropolitan areas in the country. The Rochester area added 2,300 jobs in ...

Following an uproar over extended hours for parking meter enforcement, the City of Rochester has listened and relented—but at the same time has increased daytime rates 33 percent. Parking on metered city streets will again be free after 6 p.m., ...

The Federal National Mortgage Association has advised investors that one loan backing a Fannie Mae Guaranteed Multifamily Security is secured by a property identified in the federal indictment involving Morgan Management employees and business associates. Fannie Mae made the disclosure ...