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

New York State’s land banks will share in nearly $26 million of funding, state Attorney General Barbara D. Underwood announced today. The land banks work to protect homeowners and neighborhoods by acquiring blighted homes, then transforming those properties into community assets. ...

The good news out of the Siena College Research Institute’s holiday spending poll depends on what industry you represent. Retailers will be happy to hear that one-fifth of New Yorkers plan to spend $1,000 or more on gifts. But brick-and-mortar ...

Tagged with: Christmas donations fruitcake holiday shopping Siena College Research Institute

Doyle Security Systems Inc. has merged with Hilton’s ADG Security, adding some 1,800 new customers to its Henrietta response center. Doyle, a regional provider of residential and commercial security, fire and medical monitoring systems, has 120 employees and will add ...

Tagged with: adg security doyle security security

Jeb Tyler, the former vice president of multi-level marketing company 5LINX, was sentenced to 14 months in federal prison Wednesday for defrauding investors. Tyler, 45, pleaded guilty in June to conspiracy to commit wire fraud and filing a false tax ...

Jobs in the stored energy field could grow eight-fold in New York by the year 2030, according to a report issued this week. Projections are for 27,400 jobs by 2030 compared to today’s employment of 3,450 people, driving revenues of ...

Tagged with: American Jobs Project energy storage job creation NY-BEST

Growing up in Rochester, Brian Zerges saw firsthand the benefits of owning lakefront property. His parents bought two cottages on Keuka Lake near Branchport. The family vacationed in one and rented out the other to pay for them, he said. ...

WXXI Broadcasting intends to buy CITY Newspaper, the two media companies announced Wednesday. WXXI has signed a letter of intent to acquire the weekly print publication and its digital presence, a move that came about after CITY’s founders and co-owners, ...

Tagged with: Bill Towler CITY Newspaper Mary Anna Towler Norm Silverstein Susan Rogers WXXI

Trillium Health Inc. has received the largest grant in its history, enabling the organization to construct a $19.3 million mixed-use development. The state’s Empire State Supportive Housing Initiative (ESSHI) grant totals $20 million over 40 years, with $500,000 distributed annually ...

Tagged with: home leasing homelessness inner loop out alliance trillium health union square

The YWCA of Rochester & Monroe County has named Angela Panzarella as president and CEO. She had served as interim CEO since June 25. A 2019 Greater Rochester Chamber of Commerce and Women’s Council ATHENA Award finalist, Panzarella has a strong ...

Tagged with: acm angela panzarella bausch & lomb ywca

Recreational boaters on the Erie Canal will have another two years of toll-free travel, the New York State Canal Corp. board of directors announced this week. The tolls, which range from $25 to $100 depending on the size of the ...

Tagged with: canal canal corp Erie Canal

Rochester is not considered a high-risk area for disasters like hurricane, tornadoes or catastrophic flooding. But Jeremias Maneiro, a real estate broker based in Rochester, can remember heavy rains a couple of years ago that flooded the beachfront property of ...

To buy a home or not to buy; it’s a question many young professionals contemplate. There are definitely pros and cons, but if buying turns out to be the wrong decision, you may be stuck, or at the very least ...

A federal agriculture grant of $640,000 will help re-establish an urban youth 4-H program run by the Cornell Cooperative Extension of Monroe County. The grant from the Children, Youth and Families at Risk Sustainable Community Project of the U.S. Department ...

Tagged with: 4-H 4-H UNITY Broome County Cornell Cooperative Extension leadership Monroe County

McDonald’s Corp. announced Tuesday that it is instituting new policies to reduce the use of antibiotics in production of beef for hamburgers, a move heralded as a significant sea change in the way beef cattle is raised around the world. ...

Tagged with: antibiotics antibiotics resistance As You Sow beef McDonald's National Resource Defense Council

The 45-year-old Cedarwood Towers will be getting a $28.5 million facelift, thanks to the combined efforts of Rochester’s Cornerstone Group and California-based Community Preservation Partners. Community Preservation Partners purchased the 206-unit, age-restricted affordable housing community in July. The renovation is ...