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, a government watchdog agency finds no wrongdoing in the process that led up to a proposed $765 million federal loan to Kodak in the summer. That loan never came to fruition.

Also, some money from a new $19 million federal grant for photonics programs may benefit the Rochester area. 

Plus, a new survey by Paychex shows a lot of small businesses are still hanging on in the pandemic, but they are hoping the federal government comes through with more stimulus funds.

In the latest WXXI Business Report, how can small businesses prepare to fully reopen? Paychex CEO Marty Mucci shares some ideas.

Also, how is the local hospitality industry and the Rochester Riverside Convention center dealing with the impacts of the pandemic -- and is there some light at the end of the tunnel?

Plus, Zweigle’s cuts the ribbon on a big expansion project, which will create more jobs.

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:

-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.

In the latest WXXI Business Report, Kodak’s proposed move into pharmaceuticals is facing challenges after concerns raised by the federal agency granting the loan.

A top Paychex official looks at its latest index on small business job growth which shows flare-ups of COVID-19 impacted July statistics. Plus, there's new leadership headed for Monro, Inc., after the current CEO announced he's leaving for another position.

In the latest WXXI Business Report, Paychex has seen how efficiently some of their employees are working from home, so it's looking to reduce it's office space footprint.

You'll also hear from the CEO of Kodak Alaris responding to a trade publication claiming the company will sell off some of its assets; and a new venture capital fund is looking for investors who will back local technology companies.

In the latest WXXI Business Report, we hear about a company that Constellation Brands is purchasing, which focuses on selling wines direct to consumers, online.

Also, a recent Paychex report shows employment growth holding steady in June, although that data is before some states saw spikes in COVID-19.

And details about the first-ever Rochester Black Restaurant Week going on this week, to help increase sales at some Black-owned businesses.

A survey from Paychex did shows nearly two-thirds of business owners feel that the worst impact on their operations from the coronavirus pandemic is behind them. 

Plus, details on how Wegmans will change the way it opens new stores because of the pandemic; and why Monro Auto Service and Tire Centers will shutter more then 30 stores across the country. 

Paychex says its charitable foundation will contribute $1 million to the United Way to help address the impacts of the COVID-19 pandemic.

The Rochester-based company says that a total of $750,000 will go to the United Way of Greater Rochester, the rest of the money will go to 10 other communities across the country where Paychex and its subsidiaries have a presence.