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Tag Archives: economy

State expands eligibility for pandemic recovery grants (access required)

The state of New York has expanded eligibility for the $800 million COVID-19 Pandemic Small Business Recovery Grant Program in order to help more small businesses apply for funding. Beginning this week, businesses with revenues up to $2.5 million can ...

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Regional Economic Development Councils begin next decade of awards (access required)

The state of New York will continue its successful Regional Economic Development Council initiative and a more than $750 million Consolidated Funding Application. The CFA opened on May 10, enabling businesses, municipalities, nonprofits and the public to begin applying for ...

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Report: Spending, income, labor market expectations remain weak (access required)

The August 2020 Survey of Consumer Expectations from the Federal Reserve Bank of New York shows a continued decline in pessimism about households’ financial situation. The report, from the New York Fed’s Center for Microeconomic Data, shows that home price ...

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Unshackle Upstate touts new economic recovery plan (access required)

Unshackle Upstate, an advocacy group for upstate job creators and taxpayers, has released an economic recovery plan that would halt minimum wage increases and reduce taxes. “Fast Forward – A Rapid Recovery Plan for the Upstate Economy” suggests delaying scheduled ...

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Duffy appointed to coordinate post-pandemic reopening in Finger Lakes region

Gov. Andrew M. Cuomo appointed Bob Duffy, head of the Greater Rochester Chamber of Commerce and a former lieutenant governor under Cuomo, to coordinate public health and reopening of the economy in the Finger Lakes Region.  Cuomo said during his ...

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Upstate economy slowing even before virus, says M&T’s Keith

The Upstate New York economy was already showing signs of a slowdown before the pandemic showed up. M&T Bank’s economist Gary Keith had prepared a presentation on the Upstate New York economy for for Upstate Capital members in Buffalo Thursday ...

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Report: U.S. entrepreneurs more optimistic about business conditions (access required)

Entrepreneurs nationwide are more optimistic about business conditions since July, a new report from Paychex Inc. shows. The latest Paychex Business Sentiment Report for Fall 2018 shows a broad improvement in business owners’ outlook since they were last polled in ...

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Tepid results for Rochester’s economy in Brookings report (access required)

Outwardly, Rochester’s economy may appear to be improving. Take, for example, the city’s downtown revitalization efforts, including its innovation zone and business incubators, as well as its increased focus on tackling poverty in the region. But when the Brookings Institution’s ...

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