Home / Industry / economy

economy

State comptroller’s audit follow-up finds issues with Pittsford budget process (access required)

calculator-calculation-insurance-finance-53621

The village of Pittsford has demonstrated limited progress implementing corrective actions with regard to its budget, a follow-up audit from the state comptroller’s office shows. In a previous report issued in July 2017, auditors identified problems with the board’s oversight ...

Read More »

2021 economic and investment outlook: More change, more optimism (access required)

paul-hurley-2

In late February 2020, headlines of a rapidly spreading, deadly new virus emerged across all media. By mid-March, the entire world had changed. That rapid change continued throughout the year due to the pandemic, along with social and political unrest. ...

Read More »

GRE achieves highest number of project ‘wins’ amid global pandemic (access required)

Hurlbutt

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 ...

Read More »

Dealing with climate change: We must ‘think big and think fast’ (access required)

3b40fb00-a55a-4e56-9b0a-25fbe9ad69f9_1_201_a

The age of climate denial and inaction in the United States is finally coming to an end. Survey results released in January from the Yale Program on Climate Change Communication and the George Mason University Center for Climate Change Communication ...

Read More »

Bronson to lead Assembly’s working group on economic recovery (access required)

Bronson

The New York State Assembly has created an internal working group to focus on economic recovery in the wake of the COVID-19 crisis, with Harry Bronson (D-Rochester) serving as a co-leader. Bronson, chair of the Assembly’s economic development, job creation, ...

Read More »

Area banks busy processing latest round of PPP loans (access required)

Charles Vita

Area financial institutions have been busy processing applications for the third round of loans through the Small Business Administration’s Paycheck Protection Program and have made some changes to make the process more steam-lined for users. “Our goal is to make ...

Read More »

Unshackle Upstate releases 2021 advocacy agenda (access required)

unshackle-logo

Unshackle Upstate, a pro-taxpayer education and advocacy organization, has released its 2021 Advocacy Agenda. The group again takes issue with taxes, prevailing wage mandates and the Scaffold Law, but this year also addresses the pandemic. “Given the state of New ...

Read More »

Mix of optimism, apprehension describe economic picture of fourth-quarter data (access required)

Matt Kelly

After a strong third quarter performance, up more than 33%, fourth-quarter GDP is estimated to come in around 2.8%, according to The Conference Board. Annualized, this would translate into a contraction of 3.6% for 2020. The biggest driver of economic ...

Read More »

Urban League, ESL offer small business grants (access required)

cash-dollars-hands-money-money-cash-dollars-bowl-from-pexels-resized

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 ...

Read More »

When it comes to a hot housing market, it’s all relative (access required)

Generic home for sale

Realtor.com no longer considers Rochester a Top 10 hottest housing market, but that doesn’t mean the the online real estate listings website thinks the area has cooled off. A year ago, Rochester ranked No. 6 among the country’s 100 largest ...

Read More »

ROC 2034 plan aims to lift up all members of the community (access required)

roc_2034_263x175_logo

In 2019, the city of Rochester, working with numerous internal and external stakeholders, put together a comprehensive plan, a nearly 500-page document that addresses six initiative areas that was designed to enable the region to realize its full potential. Rochester ...

Read More »

Warren asks Cuomo to reopen Orange Zone restaurants (access required)

Lovely Warren

Rochester Mayor Lovely Warren has asked Gov. Andrew Cuomo to allow indoor dining at restaurants in designated COVID-19 Orange Zones, saying they are being “arbitrarily penalized.” In a letter to Cuomo, Warren wrote that restaurant owners and employees are being ...

Read More »