Advisors to cannabis entrepreneurs: start planning, think long-term
As New York prepares to issue licenses for cultivating, processing and selling of legal cannabis products, the state is working to change the perception of marijuana.
JPMorgan Chase execs differ on economic forecast but Rochester remains a bright spot
Jim Glassman felt something was different about Rochester on his most recent trip here.
Workers continue to see earnings gains as pace of job growth slows, survey shows
Workers at U.S. small businesses saw the 12th consecutive month of increasing hourly earnings gains, while the pace of job growth slowed in May, according to the latest Paychex | IHS Markit Small Business Employment Watch.
Rochester firms adjust to tight labor market
Workers left their jobs in droves over the past two years as the coronavirus pandemic upended life, leaving many employers short staffed and competing for fewer applicants, but firms are adjusting to the new realities and refocusing efforts to attract and retain employees. Despite what’s been dubbed the Great Resignation by some, jobless claims in […]
More than 11,000 Rochester employees benefit from minimum wage boost
As Monroe County sought ways to curtail ongoing staffing issues at Monroe Community Hospital last year, County Executive Adam Bello wanted to hear directly from employees. The input from one woman hit home. “She said, ‘I can work across the street at Costco and make more than I make here,’” Bello said. “And she was […]
Dana Mehnert talks L3Harris’ impact on Rochester, how the company is recovering from COVID-19
In 1960, three engineers and a lawyer founded RF Communications in Rochester, focused on the emerging long-range radio market. They were onto something. Fast forward to 2022 and that homegrown operation is part of L3Harris Technologies Inc., the leading global supplier of secure communications and high-grade encryption solutions for military, government, public safety and commercial […]
Inflation: How did we get here and what can be done about it?
If you’re in your 50s – o.k. early 50s – you probably remember a time when a gallon of gas cost less than a dollar, when a gumball cost a penny and when a giant shopping cart of groceries cost less than $100. Ah, the good old days. Today, gas is over $4 a gallon, […]
Why is inflation so scary for my retirement plan?
Over the past decade, investors experienced a best-case scenario of relatively low inflation and strong investment returns from both stocks and bonds. A retirement portfolio could maintain or even grow in value, enabling a retiree to comfortably sustain a withdrawal rate that met their spending needs. For many, worrying about inflation seemed to be a […]
Financial advisors can guide through tough times
With the country facing rising inflation and interest rates, as well as the lingering COVID-19 pandemic and the war in Ukraine, it’s quite normal for individuals to be concerned about the current states — and futures — of their investment portfolios. “My clients are concerned not only because of what’s happening here but geopolitically with […]
Rochester accelerates its pace to become top tech hub in America
Rochester is on its way to becoming a national hub for technology innovation. Experts predict that it has the highest potential of any city in America for developing high-tech, high-income jobs. It’s incredible news for the region’s economic development. Area startups have seen an uptick in investment from around the world as investors take note […]
Post-pandemic era will provide best opportunity to transform healthcare service delivery model
Sometime in the hopefully not-too-distant future, health and safety concerns will have improved so that Governor Hochul will declare an end to the COVID-related state of emergency in New York. By signifying that sufficient progress has been made in reducing the spread and severity of COVID-19, lifting the state of emergency will mean a return […]
Clean Energy Webinar: Best time to invest is right now
Kevin Schulte doesn’t mince words when it comes to whether a business should consider solar energy options. “Right now, in 2022, is the greatest opportunity to invest in clean energy and clean energy technologies than there has been in the history of the world,” said Schulte, co-founder and CEO of GreenSpark Solar. Schulte made his […]