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

Lord & Taylor, which filed for bankruptcy on Sunday, is closing its only store in the Rochester area, part of a restructuring attempt by as one of the nation’s oldest retailers. A liquidation sale will get underway at the Lord ...

As enhanced federal unemployment benefits expire, one private employment firm is working to fill some 250 jobs across the Rochester region for employers in a range of industries. Lindsay McCutchen, president and founder of Career Start Workforce Management Group, said ...

Restrictions on how real estate agents could conduct business, along with hesitancy of buyers and sellers to venture into the market during a pandemic, led to a dramatic drop in new listings of homes and closed sales during the second ...

In 2018, New York’s Finger Lakes industrial development agencies approved $60.4 million in tax exemptions to projects valued at $8.1 billion, a new report from state Comptroller Thomas DiNapoli shows. The 2020 annual “Performance of Industrial Development Agencies in New ...

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Confidence among Upstate New York consumers continued to drop in the second quarter, although at not as steep a pace as in the first quarter, a quarterly report from Siena College Research Institute shows. Overall consumer sentiment, which includes current ...

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The city of Rochester Public Market has received a $50,000 grant from the Rochester Economic Development Organization. The grant is aimed at assisting vendors who have been adversely affected by the COVID-19 pandemic. Throughout the pandemic, the Public Market has ...

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As New York state continues its reopening plans, McDonald’s restaurants are expecting to hire approximately 260,000 restaurant employees this summer, including in the Rochester area. The fast-food restaurant has put extra precautions in place as it begins to open its ...

Tagged with: covid Jobs McDonald's restaurants tuition assistance

Nearly 30 small businesses in the Rochester area have been selected for the Small Business Relief and Retooling Grant Program. The Urban League of Rochester N.Y. Inc. administered the program. The program, funded by KeyBank Business Boost & Build powered ...

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The U.S. Small Business Administration has reopened its Economic Injury Disaster Loan and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19. “The SBA is strongly committed to working around the clock, providing dedicated emergency ...

Tagged with: covid eidl loans sba small business

JCPenney is asking a bankruptcy judge to approve the closing of stores in Canandaigua and Batavia, part of retailer’s Chapter 11 financial reorganization that will pare its inventory of stores from around 850 to around 600. One of the largest ...

While a ballooning federal deficit will require attention in due time, it is more important now to address the needs of small businesses and families in order to avoid irreparable harm to the economy, according to U.S. Rep. Joe Morelle. Morelle ...

The April jobs report provided the first tangible sign of the devastation wrought by the COVID-19 pandemic on the Rochester economy. After a trickle of layoffs in March, job losses swelled to a torrent in April — with non-farm employment ...

Gov. Andrew Cuomo today gave permission to the Finger Lakes and four other regions in New York to proceed with Phase 2 of the economic reopening. That means offices, real estate, retail, hair salons and barbershops, automobiles sales, commercial building ...

The COVID-19 pandemic has wreaked havoc across continents and counties, sectors and services, farms and families. But the comeback of one industry, at least locally, means good things for consumers. “The buyer now is in the driver’s seat,” said Richard ...

Trillium Health Inc. plans to eliminate 33 jobs as a result of the recent economic upheaval brought on by the COVID-19 pandemic, the nonprofit health center said Thursday. The cuts represent 12 percent of the agency’s workforce. “This is an ...

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