There are billions of dollars in state contracts that are going to be available to minority and women owned businesses, or MWBE's, in New York State.

That's according to Lourdes Zapata, Executive Director of Minority and Women's Business Development at Empire State Development.

Zapata is working to develop programs and policies which are designed to increase contracting opportunities for that group.

One large local advertising agency is acquiring another. Rochester-based Partners + Napier on Tuesday announced it will acquire Roberts Communications effective Nov. 1

“This deal grew out of a long-standing relationship between two agencies that are both committed to doing great work for clients that deliver results. It was a natural next step in our growth and will add to our already stellar credentials in the health and wellness, food and beverage, and financial services categories,” said Partners + Napier founder and CEO Sharon Napier, who will continue in that role.

A longtime former leader of Bausch + Lomb has died.

Dan Gill, who was CEO from 1981 to 1995 died on October 27, according to an obituary in the Democrat & Chronicle.

Wall Street profits are up by one-third over the same period last year, the New York state comptroller said.

Comptroller Tom DiNapoli said the gain of $12.3 billion is good news for New Yorkers with retirement accounts invested in the market, as well as the state’s pension fund.

Constellation Brands says it will be acquiring a minority stake in a Canadian marijuana company. The Victor-based wine, beer and spirits corporation is buying a piece of Canopy Growth Corporation, described as a leading provider of medical cannabis products.

A statement from Constellation says this investment is consistent with the company’s long-term strategy to “identify, meet and stay ahead of evolving consumer trends and market dynamics, while maintaining focus on its core total beverage alcohol business.”

A company which makes precision machined components is moving its operation from Rochester to the Town of Greece.

That according to Greece Supervisor Bill Reilich, who says that Addison Precision Manufacturing, currently located on Avis Street in Rochester, has grown too large for its current location and is building and moving into a new facility on Gates-Greece Townline Road.

Kodak is releasing its 2016 corporate responsibility report, which sets goals for environmental and social responsibility.

The company has set 10 goals it wants to reach by 2025. They include approaching zero waste at Kodak Sites worldwide, diverting waste from landfills and incinerators, and further reducing greenhouse gas emissions and water consumption.

Local students were able to get out of the classroom Thursday  to learn more about the hands-on work of construction, welding and plumbing.

The occasion was the 19th annual Construction Career Day, which brings hundreds of students together to learn from roughly 20 exhibitors. They use their booths to teach students how to use a blow-torch, lay bricks or simply answer general questions.

The goal of the event is to introduce students to new career paths.

Xerox is reporting third quarter numbers that beat Wall Street estimates.  Although the company is seeing some declines in profits and sales, it still exceeded what the analysts were looking for.

Xerox earned $179 million dollars in the quarter, down a bit from $183 million a year ago,  and sales of $2.5 billion fell close to six percent compared to a year ago when currency fluctuations are accounted for.

The company earned 89 cents per share after various restructuring and other costs. Both profits and revenues topped analysts’ estimates.

Rochester City officials are celebrating the completion of a new solar field that will help power some city facilities including City Hall.

The solar field is located at the former Emerson Street Landfill, and holds more than 7,800 solar panels, that will generate approximately three million kilowatt hours

The seven acre site has been vacant since 1972 and was recently removed from the state’s list of inactive hazardous waste disposal sites.

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U.S. Photonics Hub Coming To Rochester

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