Limited link seen between jobs, NY tax breaks
By The Associated Press
POSTED: May 2, 2012
Tags: industrial development agencies, job growth, tax breaks
ALBANY — New York state Comptroller Thomas DiNapoli said his latest analysis of industrial development agencies shows little connection between job growth and the nearly $500 million in tax breaks provided by IDAs operating in municipalities statewide. DiNapoli said more than 4,000 businesses received the tax breaks, but that IDAs realized 22,000 fewer jobs last [...]
Buffalo reports improving high-tech investment
By Daily Record Staff
POSTED: April 25, 2012
Tags: Bright Forum, high-tech investment, University at Buffalo
The Bright Forum is Buffalo Niagara’s premier event for introducing investors to promising technologies from across New York and Ontario, Canada. Hosted by Bright Buffalo Niagara, a coalition of regional partners led by the University at Buffalo, the forum features a series of pitch sessions where entrepreneurs present ideas to investors. Sponsors include the University [...]
Regional business plan winners announced
By Daily Record Staff
POSTED: April 19, 2012
Tags: regional business plan, winners
Strong Arm Technologies, a Rochester ergonomics and worker safety start-up company, is the winner of the 2012 Rochester Regional Business Plan Contest. The announcement was made Thursday at the forth annual Celebration of Entrepreneurship luncheon at the Hyatt Regency Hotel, attended by approximately 300 of the area’s business leaders, entrepreneurs and investors. Thirty-six companies submitted [...]
Startup sued for putting local TV on iPhones
By The Associated Press
POSTED: March 2, 2012
Tags: Aereo, broadcast television, iPhones, local TV, startup
NEW YORK — Broadcasters have sued a startup backed by media billionaire Barry Diller that sends live local TV feeds to iPhones and iPads in the New York area. Two groups of broadcasters, including ABC, CBS, NBC, Fox and the local PBS station, filed suits March 1 in federal court, saying Aereo Inc.’s service uses [...]
UB celebrates faculty inventors, entrepreneurs
By Daily Record Staff
POSTED: February 29, 2012
Tags: entrepreneurs, inventors, Technology Incubator, University at Buffalo
The University at Buffalo will celebrate faculty inventors and innovative companies that reside in the UB Technology Incubator during the university’s annual Inventors and Entrepreneurs Reception today. The invitation-only event begins at 4 p.m. at the Center for Tomorrow on UB’s North Campus. During the reception, Alexander N. Cartwright, vice president for Research and Economic [...]
Facebook surrenders its privacy in IPO documents
By The Associated Press
POSTED: February 2, 2012
Tags: Facebook, IPO, SEC
SAN FRANCISCO — Facebook is baring its business soul. The unveiling came late Wednesday when the company that depends on people to share their lives online filed its plans to raise $5 billion in an initial public offering of stock. It’s a revelatory moment that prospective investors, curious competitors and nosy reporters have been awaiting [...]
NAIOP program on business outlooks 
By Daily Record Staff
POSTED: January 26, 2012
Tags: business outlooks, Local Business, NAIOP
Monroe County Executive Maggie Brooks and Rochester Mayor Thomas S. Richards will discuss the short and long-term outlooks for local businesses at the February meeting of NAIOP Upstate NY. The program, “New York — Open for Business,” will include what is being done to attract businesses and what new developments are on the horizon. It [...]
State Senate bloc pushes for small business laws
By The Associated Press
POSTED: January 20, 2012
Tags: health insurance, laws, small business, state Senate
ALBANY — While New York devotes much of its effort and billions of dollars in tax breaks to attract global corporations, an influential bloc of state senators is targeting small business. The Independent Democratic Conference is proposing bills to help small business cut health insurance costs that can be 50 percent higher than in other [...]
New York biz sellers lower asking prices
By Dolan Media Newswires
POSTED: January 9, 2012
Tags: businesses, New York State, sale price
Sellers of businesses in New York are asking slightly less than they did a year ago with revenue also slipping slightly, according to an industry study. The median asking price for a business in New York at the end of 2011 was $250,000 down from $259,000 a year ago, according to BizBuySell.com. Median revenue slipped [...]
Young businesswoman making an ‘Empact’
By Denise M. Champagne
POSTED: December 9, 2011
Tags: Amy Castronova, Novatek Communications, White House, young entrepreneurs
Amy Castronova of Webster was still in college when she bought and started running a business. Not even a decade later, she was invited to the White House last month as one of the country’s top 100 entrepreneurs aged 30 or less. Castronova is the president and CEO of Novatek Communications Inc., which has evolved [...]
Former Buffalo woman to lead department
By Daily Record Staff
POSTED: November 3, 2011
Tags: Economic Development, new york power authority
Leecia Eve, formerly of Buffalo, has been appointed deputy secretary for Economic Development by Gov. Andrew M. Cuomo who is recommending Gil C. Quiniones to be president and CEO of the New York Power Authority. Eve most recently served as senior vice president and general counsel to Empire State Development, the state’s primary economic development [...]
Regional SBA loan figures improve
By Todd Etshman
POSTED: October 14, 2011
Tags: Datrose, loans, SBA, Small Business Administration
The Small Business Administration Buffalo District Office ended its fiscal year with higher loan figures than in 2010, increased lender participation and an Oct 11 visit by regional administrator Jorge Silva-Puras to Webster-based company, Datrose.
