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

Catharine Young didn’t change much about her living situation when she became head of the new Center of Excellence in Geneva last March. Young had spent 20 years on the road, commuting between her home in Olean and Albany, where ...

Tagged with: agriculture Bill Strassburg Catharine Young Cornell Agritech Cornell Tech Farm Grow-NY Joseph Giglio NYS Center of Excellence for Food and Agriculture wegmans

As Major League Baseball continues with plans to lop off 25 percent of its minor league system — including the Batavia Muckdogs and Auburn Doubledays — Congress could wield a powerful sword to thwart the proposal. While there are many less ...

Taxes and wages continue to besiege upstate businesses, a new survey from Unshackle Upstate Inc. shows. The “2019 Upstate Business Climate Survey” highlights employers’ perspectives on the impact of the 2019 legislative session, as well as their viewpoints on issues ...

Tagged with: legislative michael kracker Taxes unshackle upstate wages

If you build it, they will come — and they will stay, for a night, a weekend or a week. At least that’s the belief of developers and investors who are in the process of constructing a host of new hotels ...

Foreclosure activity in Monroe County dropped significantly between October 2018 and October 2019 but rose dramatically in Wayne County over the same period. While the total of pending foreclosures, notices of foreclosure sale (NFS) and lender-owned properties (REO) dropped by ...

Rochester-area homeowners are staying in the same house more than three years longer than they did in 2010. The median home tenure is 10.8 years, up 3.2 years, according to new data provided by technology-based real estate brokerage Redfin. That’s ...

With the number of homes for sale declined in September, purchase prices predictably bumped higher as the real estate market remained in advantage-seller mode. The median sales price on 727 closed sales in Monroe County in September rose by 10.3 ...

Joyce P. Jacobsen was officially installed as president of Hobart and William Smith Colleges on Friday, with an outdoor inauguration ceremony. Jacobsen is the first woman to head either of the two colleges that merged in 1906 to become the ...

Tagged with: college presidents Hobart and William Smith Colleges inauguration Joyce Jacobsen

Closed home sales in Monroe County were down 3.3 percent in the third quarter compared to the same period a year ago, although activity has been strong this year in west-side communities. For the 12 counties that comprise the Greater ...

While total foreclosure activity in the Rochester metropolitan area fell significantly in quarter vs. quarter analysis, there was a rise in both month-over-month and year-over-year numbers. Total foreclosures fell 20.83 percent in the third quarter compared to quarter two, and ...

More than half of Monroe County renters are classified as cost-burdened because they spend more than 30 percent of their income on monthly housing costs. The cost-burdened percentage stands at 54.3 percent, up 1 percent from a year ago, according ...

Only 18 U.S. metropolitan areas saw a job gain rate in the construction industry that outpaced the Rochester market between August 2018 and August 2019. Construction jobs increased from 23,000 to 25,000 in Rochester, a 9 percent year-over-year gain, according ...

Confidence among upstate consumers stabilized during the third quarter, bucking a nationwide trend, the latest quarterly poll by the Siena College Research Institute shows. Overall confidence, which includes current and future confidence, in upstate was 85.3 in the third quarter, ...

Tagged with: consumer confidence siena Siena College Research Institute

The average wage-earner cannot comfortably afford a median-priced home in Monroe County, according to recent analysis of housing information by Attom Data Solutions. That mirrors the nationwide trend, which showed wage-earners in 371 of 498 counties analyzed could not afford ...

Rochester has ranked among the top 10 Rust Belt cities in terms of comebacks, according to a new report from Commercial Café. Of the top 17 cities ranked, Rochester was 10th. Buffalo, the only other city in New York to ...

Tagged with: commercial cafe rust belt