WXXI AM News

business report

In the latest WXXI Business Report, a new report from Paychex says employment at small businesses continues to grow. 

M&T Bank unveiled a new $58 million Tech Hub in Buffalo, and the company says it will have a positive economic impact on the Rochester area too.

Plus, Hyzon Motors, the Asia-based fuel cell company with operations in Honeoye Falls, hires an industry veteran as its new chief engineer.

In the latest WXXI Business Report, Empire Discovery Institute, an non-profit integrated drug discovery and development accelerator, is getting a $63 million private equity investment to help come up with new medicines that could eventually be commercialized.

Plus, there are rumblings that the parent company of Bausch + Lomb is exploring a potential sale of its eye care business; and Paychex is increasing its dividend.

In the latest WXXI Business Report, there's expansion coming for Assured Edge Solutions, an Geneva-based food processing company. The expansion will create jobs at the company.

Plus, former Xerox CEO Ursula Burns is teaming up with people in the private equity industry to start up a new business and technology fund that has a focus on diversity, inclusion and social impact. 

Then news on Eastman Kodak acquiring some assets from a Massachusetts-based company to boost the conpany's offerings in the graphic arts business.

In the latest WXXI Business Report - is the service sector seeing a rebound? According to a survey by the New York Federal Reserve, it is, especially in leisure and hosptiatlity. 

Also, learn about a new effort by NextCorps (the former High Tech Rochester) to help local entrepreneurs develop apps and other software. Plus, medical products manufacturer Ortho Clinical Diagnostics is adding jobs in Rochester with the help of a federal grant.

In the latest WXXI Business Report, we hear about the latest Paychex/IHS index on small business job growth (it's showed some improvement, nationwide)

-Also, changes at the firm run by activist investor Carl Icahn, and there's a Xerox connection to that.

-And local telecom Ontario & Trumansburg Telephone Companies has been acquired in a move that officials say will boost their expansion efforts in the FingerLakes.

In the latest WXXI Business Report, we hear about the latest numbers on sales of existing homes from the New York State Association of Realtors.

They show a trend that has been seen in Rochester, statewide, and across the country, with a lack of inventory affecting home sales, while buyer demand for homes is strong.

Also, expansion of a Wayne County company, Pace Electronics, which is adding jobs.

And Greenlight Networks, the Rochester-based internet provider, expands into the Binghamton area.

In the latest WXXI Business Report, an expert from Paychex goes over the new state law which requires employers to allow employees paid time off to get the COVID-19 vaccine.

There's expansion happening at the Genesee Brewery -- and the reason is not beer, but instead the growing popularity of its Seagram's Escapes beverage.

Plus, RIT is getting a $4.7 million state grant to expand Max Lowenthall Hall which houses the Saunders College of Business.

In the latest WXXI Business Report, the REMADE Institute, a public-private partnership based at RIT that helps companies across the country with recycling efforts, is announcing $43 million in new technology research.

Plus, two local organizations -- Rochester Regional Health and Charter Communications (parent of Spectrum) -- announce plans to raise the minimum wage for their employees. Also, Constellation Brands announces a $10 million commitment to an investment fund targeted toward helping minority-owned businesses.

In the latest WXXI Business Report, there's a new photonics company is coming to Rochester. AMS will set up shop at the Riverwood Tech campus.

Home Leasing, a local development company, has completed a solar array in Wayne County to help provide electricity to its affording housing communities.

Plus, we remember former Kodak Chairman and CEO Colby Chandler, who passed away.

In the latest WXXI Business Report - there are more fuel cell jobs coming to the Rochester area.

Plus, the building that houses some of AIM Photonics has been sold, so what does that mean for the future of AIM and photonics in Rochester. Also, we look back at the legacy of two longtime businessmen who died this past week - Bruce Hegedorn and I.C. Shah

Pages