“Many employers are begging for assistance and what we can do is pair up these individuals and get them the training they need, through state-run programs, with willing employers to help eradicate the spectre of violence by giving them an alternative.”
“Jobs are very important to us in Livingston County and these were jobs that were well paying and jobs, which the individuals spent money; some of the folks do live here in our county and they spend dollars at businesses and help sales tax.”
The village of Sackets Harbor is losing one of the only stores where residents could get groceries, and its owner is blaming the opening of a nearby Dollar General as one of the reasons for its closing.
The owners of the Buffalo Bills and Buffalo Sabres have hired a consulting firm to help them study possible next steps for the venues where the professional football and hockey teams play. In the case of the Bills, the upcoming feasibility analysis includes exploration of an entirely new stadium.
Reaction has been mixed to Amazon’s selection of Long Island City in Queens as one of its new headquarters, promising 25,000 high-paying jobs. But Syracuse business leaders said they are expecting a spill-over effect of investment in central New York, because of the region’s drone corridor.
ROCHESTER, NY (WXXI) – Tops Markets is announcing plans to close 10 stores it says are underperforming as part of its effort to restructure and emerge from the Chapter 11 bankruptcy it filed for earlier this year.
Canada’s Foreign Minister is expected to travel to Washington Tuesday to begin negotiations, one day after the Trump administration announced was a tentative deal with Mexico that would end and replace the North American Free Trade Agreement.
SYRACUSE, NY (WRVO) – In addition to tax cuts, the recently passed federal tax overhaul includes a measure to encourage the private industry to invest in low-wealth areas. The program offers tax discounts and other incentives for people to put their profits from stocks and other holdings to work in so-called Opportunity Zones.
BUFFALO, NY (WBFO) – General Motors’ Tonawanda Engine Plant has been selected as the first of the automaker’s plants to produce a new V-8 engine line that utilizes a cylinder deactivation technology that helps the engine produce only the power that is needed, in order to increase efficiency.
SYRACUSE, NY (WRVO) – Sen. Kirsten Gillibrand (D-NY) is pushing for legislation that would provide more access to funding for employee-owned businesses. Gillibrand said there is an urgency to create more opportunities for retiring baby boomer business owners.
SYRACUSE, NY (WRVO) – Remington Arms, a firearms manufacturer that was founded in the Mohawk Valley, is filing for Chapter 11 bankruptcy protection, raising concerns about what will become of the company’s Herkimer County plant.
ROCHESTER, NY (WXXI) – A company with operations in Seneca Falls is laying off about a quarter of its workforce. Xylem, a water technology company, recently informed the NYS Labor Department it is laying off 36 of its 138 employees for economic reasons.
SYRACUSE (WRVO) – The Syracuse job market has been mixed recently, with some companies adding and others eliminating jobs in the area. While the national economy is booming, some experts say the outlook is not as good for upstate.
SYRACUSE (WRVO) – Economic forecasters expect central New York to continue the slow but steady growth seen in the past few years. While that growth should continue, there are potential roadblocks keeping the region from reaching the robust growth found in other parts of the country. M&T Bank Regional Economist Gary Keith says the future of central New York’s economy hinges on the workforce. “It’s one thing to be able to put up buildings, and attract businesses, and retain businesses, but if they don’t have the right mix of labor to move forward, that’s just going to keep one foot on the break,” Keith said. Keith worries about the exodus of older workers retiring and taking their skills with them.
SYRACUSE (WRVO) – Central New York economic development boosters are hoping some positive trends from 2017 continue this year. One that CenterState CEO director Rob Simpson expects to hold course in 2018 is a change in something that’s plagued the area for years: brain drain. “We have seen the latest census department estimates that the population 18-25 in central New York is actually growing at a more rapid rate than we’ve seen in recent memory,” Simpson said. Simpson says more college-aged students are staying in the area in part because there are more job opportunities out there. He also cites a low cost of living that’s attractive for young people and suggests the improved qualities in upstate cities also has something to do with it.
ROCHESTER (WXXI) – Senator Kirsten Gillibrand was in Rochester Monday announcing bipartisan legislation to expand the Small Business Administration’s microloan program, helping women and minority owned businesses succeed. The Microloan Modernization Act will strengthen the current program, Gillibrand said, by raising the total limit on outstanding loans from intermediary lenders, which would allow for more loans to be made. “The lending organizations aren’t making enough loans. And they’re not reaching enough entrepreneurs to actually reflect the population of incredibly diverse communities like the ones here in Rochester. And they’re not reaching enough women entrepreneurs.”
SYRACUSE (WRVO) – Central New York was a big winner once again at this year’s Regional Economic Development Council awards, announced last week in Albany. The state will funnel more than $86 million to projects in five central New York counties. It includes things like $140,000 for a new park in East Syracuse and a half-million dollars for an expansion of the Apple Acres apple orchard in LaFayette. In all, incoming REDC co-chair Randy Wolken says there are 112 projects in line for state funding. “Central New York has been a top performer, this year receiving the most dollars of all the regions.
ROCHESTER (WXXI and Associated Press) Communities in New York state are splitting $755 million in state economic development funding. State officials announced the awards Wednesday at an event in Albany. The money will support hundreds of local economic development efforts, including job training, subsidies for expanding businesses and funding for community organizations. This year’s big winners include central New York, the Mohawk Valley, the Albany region, the mid-Hudson Valley and Long Island, which each received more than $80 million. The Finger Lakes got this lowest amount this time around, receiving the lowest amount at $63.9 million dollars.