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Economy

Rochester residents can get consumer help

Customer service representatives in the 311 Call Center will now connect callers directly with the U.S.  Consumer Financial Protection Bureau. Many Rochesterians lost their homes during the Great Recession, which was largely caused by the fraudulent and deceptive practices of ...

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Economic Development Council to meet

An open session of the Finger Lakes Regional Economic Development Council, including a series fo presentations from each of the council’s 19 work groups, will be held from 10 a.m. to noon today, May 21, at R. Thomas Flynn Campus ...

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MCBA panelists address income inequality

Income-Inequality-1vb-FEAT

If the nation does not do something to address income inequality through logical peaceful means, it will be facing a situation worse than 18th century France, a local economist told members of the Monroe County Bar Association on Friday. In the ...

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Deadline nearing for economic applications

The May 9 application deadline is approaching for the second round of Greater Rochester Enterprise’s Economic Gardening Program fostering business growth throughout the Greater Rochester region. The program is the only one of its kind in New York and is ...

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Cuomo launches fourth round of councils

Round IV of the Regional Economic Development Council initiative was officially kicked off by Gov. Andrew Cuomo on Monday with up to $750 million in state economic development resources. The Consolidated Funding Application will open to applicants on Thursday, enabling ...

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Mendon credit rating upgraded

The Standard & Poor’s Financial Services bond rating agency has upgraded the town of Mendon’s credit rating to AA+, according to a statement by Town Supervisor John D. Moffitt. The town will be allowed to secure lower interest rates for ...

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Cuomo pushes property tax plan to local leaders

ALBANY — Gov. Andrew Cuomo is promoting his property tax rebate plan with local officials as state lawmakers begin a series of public discussions of the budget due April 1. The moves kick off an intense two-week stretch as Cuomo ...

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Yellen: Fed monitoring recent economic data

WASHINGTON — Federal Reserve Chair Janet Yellen noted Thursday that some recent economic data have pointed to weaker-than-expected gains in consumer spending and job growth. She said the Fed will be watching to see whether the slowdown proves only a ...

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CBO: Wage hike would lift pay, cost jobs

WASHINGTON — Boosting the federal minimum wage as President Barack Obama and congressional Democrats are proposing would increase earnings for more than 16.5 million people by 2016 but also cut employment by roughly 500,000 jobs, Congress’ nonpartisan budget analyst said ...

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Senate clears debt limit measure for Obama

Sen. Rand Paul, R-Ky., confers with staff just off the Senate floor during maneuvering on the vote to extend the Treasury’s borrowing authority, at the Capitol in Washington on Wednesday. The debt limit measure was passed by the House on Tuesday.  AP Images

WASHINGTON — After a dramatic Senate tally in which top GOP leaders cast the crucial votes, must-pass legislation to allow the government to borrow money to pay its bills cleared Congress Wednesday for President Barack Obama’s signature. The Senate approved ...

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