Kodak is hoping to sell its document imaging business for $210 million. The company has reached a tentative deal with Brother Industries that would see them take over operation of the portfolio of scanners, capture software and services.
New York's junior senator and the head of the U.S. Small Business Administration swung through upstate New York Monday to hold a series of roundtable talks with small business owners and economic development officials.
Sen. Kirsten Gillibrand has introduced a bill intended to boost high-tech manufacturing. The Democrat from New York visited the Harper International company outside Buffalo to discuss the Made in America Manufacturing Act, which is her first bill to go before the new Congress.
Will Farr, of Farr Auto Sales, says the new connector road has alleviated traffic along Route 342 - and that helps customers get in and out of his lot more efficiently.
Until recently, the only way to drive between Route 11 and Interstate 81 near Fort Drum was a two-lane road, Route 342. As the Army base grew, local businesses flocked there to serve the increasing traffic. But the state built an $87 million bypass to ease traffic and give military vehicles a direct route to Fort Drum’s main gate. I-781, as it’s known, opened last December. Local shop owners have had mixed reactions to the new road.
The Syracuse Common Council is considering legislation that would prohibit businesses from screening prospective job applicants about their history of criminal convictions, early on in the hiring process. It's a concept meant to stop discrimination against potential employees with a criminal record.
Governor Andrew Cuomo has proposed raising the minimum wage as part of his budget plan, even though the increase would not cost New York State any money. That tactic might make it easier for the proposal to become law.
Tuesday’s fiscal cliff package included extensions to a range of business-related tax credits, including one aimed at supporting research and development. Although Rochester, Buffalo and Syracuse have some of the most active R & D economies in the country, experts say the deal could be a double-edged sword for upstate New York.
Kodak has reached an agreement for the sale of their digital patent portfolio. Under the agreement, the company will receive $525 million for the imaging patents from Intellectual Ventures, a major holder of US patents, and a group of 12 licensees.
Senator Charles Schumer says a new center to open in Rochester will be a model for cities all over the state and the nation. He made the statement at the launch of the new center for urban entrepreneurship in the city.