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

Rochester Drug Co-Operative has plans to close its facility in Gates before the end of May, meaning 98 employees will lose their jobs, according to a notification filed Thursday and posted today on the New York State Department of Labor ...

Venture capital firm Launch New York’s nonprofit Seed Fund announces the addition of its 50th portfolio company, Gian Health. Gian is a Rochester-based software company aimed at helping consumers make healthier food choices based on their individual health needs and ...

The number of mortgaged homes considered to be seriously underwater fell significantly in Monroe County in 2019, a sign of an improved economy as well as wiser lending practices and more prudent borrowing since the housing crisis. Just 3.3 percent ...

Local human resources, payroll, benefits and insurance solutions provider Paychex Inc. surveyed 500 business owners with 500 employees or less to determine what they view as the most critical issues during the election year. Seventy-two percent of the business owners ...

A still-strong economy, positive employment numbers and continuing low mortgage rates give M&T Bank regional economist Gary Keith reasons to be optimistic about the housing industry in 2020. But the likelihood of even more state-mandated regulations has home builders concerned. ...

The Rochester-Monroe Anti-Poverty Initiative on Thursday announced its policy priorities for 2020, with actions aimed specifically at the root causes of poverty. “Implementing policies that address inequality and promote self-sufficiency is a key part of creating the systemic changes that ...

Tagged with: policy agenda poverty rmapi rochester-monroe anti-poverty initiative

Unemployment rose by three-tenths of a percent in December compared to December 2018 in both the Rochester metropolitan area and Monroe County, according to statistics released this week by the New York State Department of Labor. In Monroe County, there ...

Home sellers realized an average gain of $30,000 on a typical sale in the Rochester metropolitan area in 2019, the largest return on investment in 13 years. That return on investment was based on median purchase and resale prices as ...

In what promises to be a boost for not only cost-conscious homeowners, but also for energy companies in the new green economy, New York State is making available free residential energy audits. The New York State Energy Research and Development ...

Tagged with: Alicia Barton Alliance for Clean Energy New York Andrew Cuomo Anne Reynolds energy conservation home energy audits New Green Deal NYSERDA

U.S. senators Charles Schumer and Kirsten Gillibrand have sounded the alarm about the Federal Communications Commission excluding New York State in its new Rural Digital Opportunity Fund. The  initiative will allocate $20.4 billion to connect rural homes and small businesses to high-speed, ...

A dynamic economy has been the driving force in declining vacancy rates in all four commercial real estate sectors in the Rochester metropolitan area, according to the managing director of CBRE Rochester. CBRE’s annual Real Estate Market Outlook showed vacancies in ...

Foreclosure activity in the Rochester metro area in 2019 fell to the lowest levels since at least 2006, the first year for which ATTOM Data Solutions has statistics for default notices, scheduled auctions and bank repossessions. There were 1,881 housing ...

Median rent prices remained flat from December into January in Rochester and grew at half the national rate year-over-year, according to Apartment List’s latest rent data report. The median rent was $780 for a one-bedroom apartment in Rochester and $967 ...

In his 10th State of the State address Wednesday, New York Gov. Andrew Cuomo made a push for a number of economic and business-related initiatives, as well as several women’s issues and agenda items addressing worker protections. Likening the state’s ...

Tagged with: Andrew Cuomo state of the state

Only two states saw a greater percentage of outbound migration of residents in 2019 than New York, according to the 43rd annual United Van Lines’ National Movers Study. New York has ranked in the top four in the study every ...