Three local businessmen are facing federal charges that include wire fraud and conspiracy.

The U.S. Attorney’s office says the three men arrested Thursday include 56 year old Craig Jerabeck of Rochester, 44 year old Jeb Tyler of Penfield and 42 year old Jason Guck of Victor.

Questions are being raised about the development of a key industrial park in Genesee County.

A Massachusetts startup company called 1366 Technologies has been talking about building a plant that makes silicon wafers for solar power cells in Genesee County for some time now.

Proponents of raising taxes on New York’s wealthiest say they have a new impetus to increase the state’s revenue — the continued bad news from Washington about deep federal cuts to health care and other areas.

Assembly Speaker Carl Heastie has called an amendment to the federal repeal of the Affordable Care Act that would force the state to pick up county Medicaid costs “unconscionable.”

There are at least two men with ties to Western New York who are again on the Forbes list of the world’s billionaires.

Paychex founder and still chairman of the company, Tom Golisano, increased his net worth by $500 million over the last year to $3 billion in the new Forbes list.

Golisano, former owner of the Buffalo Sabres, still visits the area and makes  major philanthropic donations to various local organizations, but he lives much of the year in Florida.

Video game developers say New York will miss out on its chunk of a nearly $100 billion industry if it doesn't encourage companies to plant their roots in the state.

A medical information technology company based in West Henrietta plans to expand and add more than 80 jobs. 

eHealth Technologies, which helps hospitals and other health care providers organize and share medical information, plans to add 84 jobs over the next three years.

That according to its president and CEO, Ken Rosenfeld, who says they will be adding a variety of positions including customer service and research and development jobs. 

The Rochester area will soon host another food processing company, and that will mean millions of dollars in investment and 30 new jobs.

The announcement was made by Governor Andrew Cuomo who says that an Oregon-based company called OFD Foods will be building a $25 million manufacturing facility in Henrietta.

The 50,000 square foot facility is being built to help OFD better serve its Midwest and East coast customer base.  The plant will focus on providing freeze-drying services in bulk industrial packaging.

ROCHESTER, N.Y. (AP)  Wegmans Food Markets has announced opening dates for its two new stores in northern New Jersey. 

The Rochester-based supermarket chain says Tuesday that a 113,000-square-foot Wegmans will open July 23 in Hanover, followed on Sept. 24 by the opening of the company's 108,000-square-foot store in Montvale. 

The Fed decided last week to raise interest rates, we asked an RIT economist about who might feel the effects of that right away.

Also, a major investor in Valeant decided to sell his shares in the company, George Conboy of Brighton Securities ponders what that might mean for the future of B + L going forward.

The WXXI Business report looks at business and economic issues facing the Rochester area including Western New York and the Finger Lakes.

 

Rainey Walker had been out of work for about four years.

But that all changed when he partnered up with the Arc of Monroe’s Job Path program, which works to find jobs for people with developmental or intellectual disabilities.

After completing development training and assessments, Walker decided to give being a cashier a shot.

Walker has been working at Hart’s Local Grocers in Rochester for about three months now. He said there’s a lot about his job that he likes.

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U.S. Photonics Hub Coming To Rochester

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