Apple Plans To Create 20,000 Jobs And Build New Campus

Jan 18, 2018

Apple announced in a statement on Wednesday that it plans to accelerate U.S. investment and create thousands of new jobs.

For years Apple Inc. has been criticized for outsourcing manufacturing to China.

Apple says it plans to bring back billions of dollars it has kept in tax havens overseas, and that it will pay a one-time tax of $38 billion on its overseas cash holdings.

Rochester does not make cut for Amazon HQ

Jan 18, 2018

Rochester will not be the home for Amazon’s second headquarters.

On Thursday morning, Amazon released the list of 20 finalist cities, pared down from an initial list of 238. Rochester did not make the cut.

Leaders in local economic development and government had recently expressed optimism that Rochester would land on the list of possible destinations.

A report by Gov. Andrew Cuomo’s tax department lists ways that New Yorkers could get around the loss of some of their state and local tax deductions under the new law. But all of them come with complications.

When the federal tax overhaul law was signed by President Donald Trump in December, Americans lost their ability to deduct much of their state and local taxes from their federal tax forms. As Cuomo has said repeatedly, the loss of what are known as the SALT deductions harms taxpayers the most in relatively high-tax states like New York.

North American Breweries, which operates the Genesee Brewery in Rochester, is announcing a new CEO.

The announcement from the parent company, Florida Ice and Farm Company (FIFCO), says that after four years at North American Breweries, Kris Sirchio is stepping down as FIFCO implements a new business model.

According to a statement from the company, “the model will draw on FIFCO’s total company size, scale and beer industry experience to grow the U.S. business in an increasingly competitive and changing industry.”

Gov. Andrew Cuomo unveiled a $168 billion budget plan that would close an over $4 billion gap by reducing some spending and imposing tax increases on health insurers, big businesses and prescription opioid users, among others. Cuomo said he also wants to look into legalizing marijuana in New York.

“This is going to be challenging, my friends,” Cuomo told lawmakers gathered at the state museum for the budget presentation.

The Dow Jones set a new record Tuesday, hitting the 26,000 mark. But there’s also some less-encouraging economic news out there: the U.S. dollar is weakening compared to global currencies.

Here & Now‘s Jeremy Hobson speaks with MSNBC’s Ali Velshi (@AliVelshi).

After a battle for lower assessments on two of his own properties, Tom Golisano is setting out to help Upstate New York homeowners fight for fair property taxes.

The local philanthropist and businessman says the process is flawed in many ways. Homeowners have the burden of proving their homes are assessed correctly, and can only vote in the municipalities where their primary residence is.

Who can say why some gimmicks take off and others flop? But the Google Arts & Culture app tapped into the zeitgeist over the weekend, until it seemed like just about everyone with access to a camera phone and a social media account was seeking and sharing their famous painting doppelganger.

People organize their lifestyles around access to transportation, so the advent of autonomous vehicles is important for their economic, social and environmental impact.

That's from one of the authors of a new paper on the subject.

Assistant professor in sustainability at RIT, Eric Williams, says they looked at a number of ways people could reclaim all the time they spend behind the wheel.

Amazon and Google are battling for market share with their smart home speakers. Each speaker presents a possible platform for companies to reach consumers through paid advertising.

Here & Now‘s Robin Young looks at how that might work with Here & Now media analyst John Carroll (@johncarroll_bu), author of the Campaign Outsider blog.

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U.S. Photonics Hub Coming To Rochester

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