WXXI AM News

Business

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Many CEOs in upstate New York say that economic conditions have worsened during the pandemic and a number of them are still pessimistic for the rest of this year, according to a recent survey by Siena College

The pandemic has hammered Black-owned businesses, according to new data from the National Bureau of Economic Research. The organization found that 41 percent of Black-owned businesses have closed during the pandemic, compared to just 17 percent of white-owned businesses. That's what makes Annette Campbell's story so unusual: she just opened her own business in Rochester called The Tax Experience.

Campbell has overcome significant personal hardships, including financial hardships, and now hopes her business will put others on the track to financial stability. We discuss her path to opening a business, and the challenge of doing it during a pandemic. Our guest:

mdsl.com

A software company is expanding in Rochester and expects to create up to 100 new jobs over the next five years.

Officials with Calero-MDSL officially opened their new headquarters on University Ave, moving from Henrietta, which is where the company was founded more than 20 years ago. Lt. Governor Kathy Hochul was in town for the opening.

CITY

Monroe County will use $15 million in federal relief funding to provide grants to small businesses that have taken a hit because of the COVID-19 pandemic, County Executive Adam Bello announced Wednesday.

The grants will target personal services businesses, including retail and dining. Businesses that haven’t received pandemic-related aid as well as minority and women owned businesses will be prioritized.

In the latest WXXI Business Report - Rochester tourism officials are looking forward to several NCAA championship events that will be coming to the area in the next few years, what kind of economic impact will it have for us?

Plus, the pandemic is not stopping some companies from planning expansions; and both the Cellino and Barnes law firms begin their operations as separate businesses.

In the latest WXXI Business Report, the latest numbers from a Paychex employment index shows a small increase in hiring. Plus, two new anchor tenants announced for a new international plaza on North Clinton Avenue in Rochester, and a local company involved in developing technology for the cryptocurrency market is expanding.

In this WXXI Business Report, news of 3 local companies adding jobs:

-Expansion at Thermo Fisher Scientific.

-Li-Cycle, a battery recycling company, is expanding at Eastman Business Park.

-ProAmpac, a maker of flexible packaging is adding jobs and facilities in Ogden.

Also, the latest monthly job growth figures from New York state for the Rochester metro (which show the ongoing negative impact of the COVID-19 pandemic)

In this WXXI Business Report:

-We hear from Bob Duffy, the president and CEO of the Greater Rochester Chamber of Commerce about the reaction of the business community to the death of Daniel Prude.

-A top Paychex official talks about the company’s latest employment index which shows job growth flattening, but wages were up at small and medium sized businesses.

-And changes in the executive ranks at Xerox and Frontier Communications.

provided

An expansion by the German-based corporation Henkel will bring another 180 jobs to Geneva.

On Thursday, Henkel announced a nearly $23 million investment in its North American manufacturing facilities. The expansion includes new equipment and other improvements for additional production of Dial liquid hand soap and hand sanitizers in Geneva and also at Henkel’s site in West Hazleton, Pennsylvania.

About $17.3 million of that investment will be for new equipment at the Geneva plant to support production of Dial hand sanitizers and foaming hand wash.

In the latest WXXI Business Report, the local unemployment rate remains in the double digits but there has been some slight improvement. 

Workers at del Lago and other casinos are pushing the governor to allow them to reopen, and they may get the green light soon. Plus, the push to create a Downtown Innovation Zone in Rochester takes another step forward.

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