Jury convicts key players in Buffalo Billion corruption case

Jul 12, 2018

A federal jury in New York has convicted key players of corruption in Gov. Andrew Cuomo's "Buffalo Billion" economic redevelopment program.

The jury in Manhattan returned its verdict Thursday after a month-long trial put a spotlight on how lucrative contracts worth hundreds of millions of dollars were awarded for redevelopment projects aimed at revitalizing upstate New York, particularly Syracuse and Buffalo.

The New York State Department of Environmental Conservation is rejecting a proposal to put a controversial gas storage facility on the shore of Seneca Lake.

DEC Commissioner Basil Seggos is denying the proposal by Crestwood Midstream Partners to build an underground liquefied petroleum gas (propane) storage facility in abandoned salt mines in Watkins Glen.

You don’t often see groundbreaking ceremonies led by children wearing hard hats, riding in on toy construction vehicles.

But that’s exactly how the Strong National Museum of Play broke ground Thursday on a 100,000 square foot expansion. That expansion will bring a new, larger atrium and entrance to the museum and include new exhibits like women in gaming, a ropes course, updated outdoor play area and parking garage.

A Victor-based company that makes a device used to help determine a person’s cognitive function is getting a boost. 

That boost is in the form of investment by philanthropist and Paychex founder Tom Golisano, who now owns the company called Cognivue.

The firm has been around for a few years, but with Golisano’s investment it is trying to position itself for expansion, both in terms of staff and distribution of its product.

Locally-based Constellation Brands has acquired a craft brewery in Texas. The Victor company on Tuesday said it is buying Four Corners Brewing, a Dallas-based company founded in 2012 by three longtime friends.

Constellation calls Four Corners a “high-performing, dynamic and bi-cultural (Hispanic and American) brand” which complements Constellation’s existing portfolio.

Gates gets Greenlight

Jul 10, 2018

Greenlight Networks is expanding, and it's starting on the west side.

Gates will be the first whole town to get the high-speed internet service provider; that comes just a few months after a Tom Golisano-owned company bought the business.

Greenlight President Mark Murphy says it has helped accelerate the company's growth.

Huang Yimeng was disoriented when she learned that her U.S. visa was denied last November. It meant the recent University of Virginia graduate wouldn't be returning to the U.S. to start the job she was offered at McKinsey & Company, a consulting firm.

She was in Shanghai when she got the news, having bought a return ticket and leaving most of her belongings in her apartment in the U.S.

The Town of Henrietta is looking at ways of repositioning older retail buildings in the area to attract new types of investment.

Town Supervisor Steve Schultz says officials have been working on updating the zoning code to allow for more mixed-use development, and that was even before he learned of the possibility the University of Rochester may put in a new orthopaedic center in Henrietta.

In this week’s WXXI Business Report we hear about some surveys, including:

-An AARP survey which indicates Canandaigua is a great place to live and is a good value as well.

-A survey that puts Wegmans’ leader Colleen Wegman up among the top CEO’s.

Updated 8:45 a.m. ET

The Labor Department on Friday reported another big month for job growth, with a larger than expected addition of 213,000 jobs for June.

The unemployment rate ticked up slightly to 4 percent as some people who had been on the sidelines moved back into the labor force.

The report underscores a familiar refrain: There are lots of jobs being created, but not enough people to fill them. That continues as employers consistently hire at robust rates and the unemployment rate keeps falling.


U.S. Photonics Hub Coming To Rochester

What does this mean for the economy of the Rochester region?