WXXI AM News

Business

Unshackle Upstate has a new executive director, Michael Kracker, and new legislative scorecards.

We sit down with the pro-business organization's new leader to discuss how he sees the New York State landscape for business, politics, and growth.

The future of the local economy will strongly feature the tech sector. So what does it look like in Rochester and the Finger Lakes?

The Greater Rochester Chamber of Commerce has put together a regional tech conference, and it will include the following themes: clean technology; diversity in the workforce; millennials in tech; making a start-up successful; and more. We preview the conference with our guests:

There may be some big changes on the way for Xerox’s Board of Directors.

The word came early Monday with Xerox announcing that Jonathan Christodoro, a board member who was originally appointed by activist investor Carl Icahn, is resigning. Christodoro is making that move so that he can join a slate of three other Icahn-backed nominees to run for the Xerox board next year.

In this WXXI Business Report, a check-in with Paychex CEO Marty Mucci on the company’s latest monthly survey on employment and wage growth. Plus, there's big changes coming to the New York Federal Reserve (spoiler: the president of the NY Fed is retiring), and Alleson Athletic - a long-time family-owned sportswear company in Rochester - is being sold.

(WXXI News & AP) It's official. The joint proposal developed by economic development agencies in Rochester and Buffalo have now submitted what they are calling “an extremely sophisticated and compelling bid” to Amazon in response to the ‘request for proposals’ put out by Amazon for a second headquarters.

With a project that could see Amazon spending as much as $5 billion and hiring 50,000 workers, it  has resulted in a mad rush of metro areas around the country submitting bids to the online retailing giant. The proposals were due Thursday.

Victor-based Constellation Brands is reporting earnings that topped Wall Street expectations.

For its second quarter, the company saw profits of about $500 million, compared to $359 million a year ago.

Earnings per share of $2.47 topped analysts’ estimates.  Revenues totaled just over $2 billion.

President and CEO Rob Sands says the quarter shows Constellation’s strategy is paying off. He says they remain the leader in the high-end of the U.S. beer market and they are also seeing benefits from focusing on premium wine brands.

Xerox Corp.

Former Xerox Chairman and CEO Ursula Burns has been appointed to the board of directors of Uber. But that move apparently came as a surprise to the ride-hailing company.

Last week, Former Uber CEO and co-founder Travis Kalanick named Burns and ex-Merill Lynch chief John Thain to the Uber board. Kalanick resigned under pressure as CEO of Uber in June. Dara Khosrowshahi was named the new CEO of Uber, but Kalanick remains on the board of the privately held company.

Amazon announced last week that it's looking for a home for its second headquarters. Could Rochester be in the running?

Greater Rochester Chamber of Commerce President and CEO Bob Duffy says yes, and he has already written two letters to Amazon CEO Jeff Bezos, touting Rochester's qualifications.

Amazon says it will invest $5 billion in "HQ2" and create 50,000 new jobs over the next two decades. Its requirements for a new home include a metropolitan area with at least a million people, a skilled labor force, and access to transit.

But what would it take to bring Amazon to Rochester? What kind of tax credits, workforce grants, and utility incentives would be required to woo the company here? And if Rochester delivered and won the bid, would it be worth it? Our guests weigh in. In studio:

There’s a reprieve of sorts for workers at a Kraft Heinz plant in Steuben County who were expected to get layoff notices soon.

Kraft Heinz had sent out a notice to 330 employees of the plant in Campbell  earlier this year, saying that it is possible they could lose their jobs. That notice is required by the NYS Labor Department, and came after the company announced in 2015 it would close seven manufacturing facilities.

Now, Kraft Heinz has filed a new notice with the state, which says 380 workers at that Steuben County plant could be laid off by August 23.

Wegmans/Roadside Development

Wegmans is on track to open its first store in Washington, D.C.

The news no doubt, music to the ears of loyal fans and Rochester transplants who live in the Washington DC area.

In fact, a web story from one of the TV stations in that area started off by saying, “We thought this day would never come, but it’s finally here !

Wegmans first store in D.C will be part of the former Fannie Mae headquarters complex on Wisconsin Avenue NW, in Washington.

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