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New tools for Greater Rochester Enterprise Inc.’s ‘economic garden’ shed
Companies looking to grow their business have another tool to use with Greater Rochester Enterprise Inc.’s economic gardening program. GRE, by partnering with the National Center for Economic Gardening, can now provide the program to qualified companies within the nine-county region. Since its inception in 2012, some 215 regional companies have participated in the economic […]
Potential headwinds are coming — what this means for your business
An abundance of liquidity and market exuberance in the world’s recovery from COVID-19 have made this a promising time for transitioning a closely held business — and yet many owners are still failing to make the most of their business transactions. Of the 250,000 privately held U.S. middle market companies looking to exit by 2030, […]
Fitch bumps Monroe County rating to A+
Monroe County’s fiscal rating was upgraded to A+ from A by Fitch Ratings and the outlook is stable, the credit rating agency announced today. The A+ rating covers Issuer Default Rating (IDR) and for the $16.3 million in outstanding limited tax general obligation bonds (LTGO). “The rating upgrades reflect the county’s marked improvement in gap […]
Local banks fund regional projects through prudent lending
Five Star Bank continued to make commercial real estate loans despite all the vagaries in the economy by focusing on borrowers with strong financial backgrounds.
RMAPI’s Level Up initiative lives up to its name
More than 70 organizations became Level Up Champions last year, including the region’s two largest employers: the University of Rochester and Rochester Regional Health.
Economic development webinar focuses on paths to continued growth in region
The online seminar, sponsored by Rochester Economic Development Corp., included a discussion of economic development efforts underway in the Rochester region.
REDCO invests over $2M, served over 150 businesses in two years
Purchasing and renovating a building during the height of the COVID-19 pandemic was no small feat for Damaris Rivera, but not only did the owner of R Realty Rochester LLC do just that, she is on track to complete the project ahead of schedule. Rivera plans to open her new office at 86-88 Lake Ave. in roughly two months. She would not […]
Bello signs $15 minimum wage contract for CSEA workers
Members of Monroe County’s Civil Service Employees Association are now making at least $15 per hour under the new collective bargaining agreement signed by County Executive Adam Bello on Wednesday. The contract was agreed to last spring and went in effect on Jan. 1. “Although state law does not require Monroe County to observe New […]
Heaviest impact of pandemic for senior living industry is labor shortage
Local senior living professionals are using creative solutions to meet the challenges that still exist and have a positive outlook on the year ahead.
Region’s rising rents follow national trend
The price of renting an apartment in the Rochester metro area climbed 11.1 percent in 2021, a spike similar to the national average. The overall median rent rose to $1,333 in Rochester, according to the annual report by Realtor.com. The real estate portal analyzed data from listings on its website for the country’s 50 largest […]
Greater economic parity depends on city, county collaboration
Bringing greater economic parity to Rochester will take a collaborative effort between city and county leaders.
Employment, inflation top factors in review of fourth quarter economic data
Economic growth picked up in the fourth quarter of 2021 after a disappointing third quarter. Real GDP (adjusted for inflation) for the third quarter came in at 2.3% after spending the first half of the year over 6%, as consumer demand waned amid an increase in COVID cases due to the delta variant. Fourth quarter […]
