The Finger Lakes Regional Economic Development Council will receive $59.8 million in state funding and tax incentives to advance projects it’s identified as priorities across the nine-county area. The award were just announced as part of the ongoing state Regional Economic Development Council awards. Details of the funding are not yet available, but earlier this […]
economic development
Posted inNews & Opinion
East Irondequoit wants Congel to pay $4 million
When Medley Centre’s developer missed an investment milestone earlier this year, it was clear that he’d have to pay a penalty. Last night, the East Irondequoit school board provided some insight into what that penalty could be. According to media reports, board members voted to asses the developer, a firm owned by Scott Congel, a […]
Posted inNews & Opinion
Could Buffalo and Rochester both be solar manufacturing hubs?
The state’s economic development arm will invest $225 million to build a high-tech and green energy business hub in Buffalo. The money is going toward infrastructure and building construction at a 90-acre site, RiverBend, that is the former home of Republic Steel. And yesterday, Governor Andrew Cuomo announced the manufacturing complex’s first committed tenants, both […]
Posted inNews & Opinion
Group pushes for brownfield tax credit reforms
An updated Environmental Advocates of New York analysis of the state’s brownfield redevelopment tax credit program says that since 2003, the program has cost in excess of $1.1 billion, but only 131 sites have been cleaned up. And of those 131 sites, only 82 projects claimed tax credits through 2012. The program is costly, but […]
Posted inNews & Opinion
[UPDATED] House passes important Great Lakes legislation
The House of Representatives has passed legislation that, according to its proponents, will put Great Lakes ports in a better position to compete for certain federal funding.
Posted inNews & Opinion
The park and resurrection
Rochester scored a win a couple of years ago when New Jersey-based Natcore Technologies moved its solar cell research and development work to Eastman Business Park. Eastman, which is the former Kodak Park, beat out several competitors in the company’s nationwide site search. And recently, state and Natcore officials announced that the company plans to […]
Posted inNews & Opinion
PLEX progress
City of Rochester officials say that they want residents of the Plymouth-Exchange neighborhood to know that they haven’t forgotten about a large brownfield redevelopment project along the Genesee River. In February, the city submitted an application to the state seeking additional funding for the Vacuum Oil Brownfield Opportunity Area. The funding would be used to […]
Posted inNews & Opinion
Officials will meet on Medley Centre issues
Next Friday, Medley Centre owner and developer Scott Congel will be in a room with representatives of the Monroe County Industrial Development Agency, the Town of Irondequoit, and the East Irondequoit School District. On the agenda: Congel’s failure to meet the most recent milestone in a tax incentive agreement. Congel requested the meeting, says Michael […]
Posted inNews & Opinion
Xerox chooses Webster for toner plant
Xerox will expand its Webster toner plant, with the help of taxpayer-funded incentives. Empire State Development, the state’s economic development agency, announced Xerox’s decision via press release yesterday afternoon. The company was considering several locations for the plant, though Webster was the only US site on the list. Xerox plans to invest $5 million to […]
Posted inNews & Opinion
COMIDA approves Xerox benefits
This morning, the Monroe County Industrial Development Agency’s board approved a package of property and sales tax incentives for Xerox. Xerox sought the incentive for a potential expansion of its Webster toner production plant. Under the package, Xerox would get approximately $441,500 worth of tax breaks over a 10-year period. The company says it’ll create […]
Posted inNews & Opinion
Battery testing center headed to Rochester
A Pennsylvania energy storage testing lab is relocating to the Eastman Buisness Park. DNV KEMA Energy & Sustainability, a global energy consulting company that specializes in testing, inspection, and certification, will work with the New York Battery and Energy Storage Technology Consortium to relocate its lab, says a press release from Governor Andrew Cuomo’s office. […]
Posted inNews & Opinion
Irondequoit Dems lay out Medley plan
There’s no way around it, Medley Centre will be an issue in the Irondequoit town elections. And this morning, the Democratic candidates for supervisor and Town Board held a press conference to lay out their plan for dealing with the dead mall. During a separate interview, Adam Bello, who’s challenging incumbentRepublican Mary Joyce D’Aurizio for […]
