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Education economy

UR and RIT lead a sector whose importance continues to grow The University of Rochester and Rochester Institute of Technology collectively employ nearly 27,000 people and generate a total economic impact exceeding $3 billion.   But the full contributions of ...

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Second chance at Midtown

After decades of decay, the plaza’s demolition brings new hope The years-long question of what to do with the largely abandoned Midtown Plaza was answered in October 2007 when then-Gov. Eliot Spitzer came to Rochester to announce more than $50 ...

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Rochester 2037 poll: What will we be known for?

What will Rochester be known for 25 years from now? The following are responses to a special Rochester Business Journal 25th Anniversary poll: Not sure. But I am sure that tremendous amounts of talent are being unleashed from Kodak, Xerox ...

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Innovation acceleration

As global trends spur change, education and entrepreneurship are seen as key The next two decades have the potential to produce significant innovation in Rochester. But experts agree that a changing global playing field poses challenges.   The last 25 ...

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Investment risk redefined

Discipline has been Manning & Napier’s trademark approach The growth of Manning & Napier Inc. into the second-largest money management firm and the 17th-largest employer in the Rochester market is a reflection of co-founder William Manning.   Its assets under ...

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Rochester 2037 poll: The biggest challenge

What is the biggest challenge this region is likely to face over the next 25 years? The following are responses to a special Rochester Business Journal 25th Anniversary poll: In the next 25 years, Rochester will need to sustain and ...

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Sustained by small business

Hiring at small and midsize firms signals a more diverse local economy Ken Corpus spent more than a decade looking for a job after being laid off from Xerox Corp.   "I was still actively seeking a full-time engineering position," ...

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A recipe that works

LiDestri Foods continues the growth that began at a kitchen table The idea for LiDestri Foods Inc. was cooked up in a young man’s family kitchen on Rochester’s northwest side during the Great Depression.   Today, the Fairport-based business boasts ...

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Looking toward 2037

25thForecastchart

The business community views the next 25 years with optimism, resolve The past 25 years have tested the Rochester-area economy. Relentless downsizing by the area’s largest employers, a tax burden that year after year ranks among the heaviest nationwide, the ...

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A strategy built on strength

Under Albert Simone, RIT doubled its budget and boosted enrollment When Albert Simone took over as eighth president of Rochester Institute of Technology in 1992, the institution was experiencing dropping enrollment and had no strategy for reversing that trend.   ...

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Homegrown real estate moguls

The Leenhouts twins built Home Properties, now pursue other ventures Asked to assess their business accomplishments-as a team and as individuals-over the last 45 years, twins Nelson and Norman Leenhouts echo each another.   "I feel we’ve been very blessed," ...

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Bursting the academic bubble

Community integration is a hallmark of Joel Seligman’s leadership at UR   Joel Seligman leads a top research university, one that plays an outsized role in bringing research dollars to the Rochester region. But he sees his responsibilities as extending ...

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The fall of an icon

Kodak’s descent into bankruptcy was the era’s top business story In 1982, Eastman Kodak Co.’s local employment peaked at 60,400. A city with that population today would rank as the 11th-largest in New York.   Kodak now has fewer than ...

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Marked by their misdeeds

Onetime highfliers, they were brought down by regulators and the law Few communities over a quarter century remain untouched by scandal and skulduggery. Less-than-upright actors represent a small minority of Rochester’s business community, but some of their misdeeds were too ...

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Pages of history

A quarter century’s defining news events, people and trends Outside my office stand two stacks of newspapers, which together rise roughly nine feet. These stacks contain every issue of the Rochester Business Journal that has appeared since we began weekly ...

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