Gov. Andrew Cuomo surveys state funded projects in downtown Rochester.
Using a now-familiar travel routine, Governor Andrew Cuomo made his sixth tour of New York's regions to monitor the progress of projects funded through the Regional Economic Development Councils (REDC).
Personal income growth in New York state remained below the national average in 2011, a new report shows. Figures from the Bureau of Economic Analysis show growth in some areas of New York were almost 2 percentage points below the national average of 5.2 percent.
An upstate company has developed a system for motorcycle helmets that could have applications for both defensive driving and sports. A system of sensors alerts riders when the helmet has damage that might not be visible, but could compromise safety.
It’s a Friday afternoon at the Technology Garden, a business incubator in Syracuse. The dozen or so staff members of software design company Rounded Development are sitting around on couches, chowing on Dinosaur Barbeque take-out and chatting up ideas for new products.
The success of the burgeoning yogurt industry has helped the Genesee County Economic Development Center (GCEDC) be named the Industrial Development Agency of the year in upstate New York, for their work in developing the Genesee Valley Agri-Business Park in Batavia.
Upstate communities are reaching out to women working in the sustainable economy. This week, community group Greenworks Buffalo Niagara hosted the first in a series of events for "green" women, and many are still bumping their heads against the glass ceiling.
The Rochester Institute of Technology has launched a venture fund to help boost economic development in the region. Businesses with ties to the university will be eligible for funding through the fund.
It's not hard to think of the Silicon Valley, or maybe Boston and more recently New York City, when pondering the best place to be as a young entrepreneur. But cities all over the country are trying to become just as popular. Some are doing better than others.
Cornell University and IBM have announced the winner of a competition involving the Watson computer, made famous by a recent win on the TV show Jeopardy. Students involved in the 48-hour competition put forward ideas for new ways to use the computer.
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.
A return to normal winter weather means New Yorkers can expect to see a rise in their heating bills. Those using natural gas to heat their homes will see higher bills despite a 12 percent drop in pricing.
Upstate New York is having a hard time getting over the recession. Unemployment in upstate rose to 8.5 percent in August, close to one percentage point higher than during August 2011, according to a new report from the New York State Department of Labor. New York’s rate peaked above the national trend, and this month Governor Andrew Cuomo started an initiative to help address the issue.
On a chilly, drizzly Tuesday morning in Syracuse, Gov. Andrew Cuomo took a bus tour of development projects his administration has helped to fund. Along for the ride were local economic development officials, State cabinet members and the press.
SensGard LLC. makes hearing protection, but not the kind that you might be used to. Instead of large, wooly earmuffs they are producing small, foldable hearing protectors that look like ear plugs on the end of a headband.
Sean Branagan doesn't want to get any angry phone calls from the NCAA's lawyers for ripping off their idea, but he took inspiration from a certain national college basketball tournament, held every March, for a new student startup competition.
The ten regional economic development councils were back at it this week in their efforts to bring home as big a slice of three-quarters of a billion dollar state funding pie as possible. The councils released their progress reports and a new list of projects they think deserve cash in order to spur economic development and job creation in their regions.
There is a political debate going on this fall about government's role in supporting entrepreneurship and innovation.
It comes at a time when upstate New York continues to try and reinvent its economy. Small business incubators and accelerator programs are cropping up. The state has also made a major investment in creating a nanotech industry.
"The narrative that government is important? I don’t believe it’s true," says Carl Schramm.
One-hundred long days full of presentations, meetings with mentors and practicing investor pitches is all done.
The first-ever StartFast Venture Accelerator concluded Thursday morning with its Demo Day.
"Saying it was all hard would be an understatement," said Timothy Beckford, a founder of PadProof, a program to help professional photographers sell their pictures more easily. "It was a tremendous undertaking. We worked like crazy."
Nine companies entered StartFast back in May, but only eight made it through. The teams were given seed money, workspace and access to dozens of mentors.
Economic development officials often joke that their favorite bird is the crane. Not the one with wings, mind you, but the kind you see on big construction sites.
So far in 2012, developers have put a fair number of cranes into the airspace above Syracuse. The city is seeing a big jump in the value of construction permits applied for.
Through May, $146,271,066 worth of permits have gone on the Division of Code Enforcement's books. That's more than full year totals for both 2009 ($136,534,880) and 2010 ($142,229,141). It is also well out-pacing 2011's numbers, when only about $30 million worth of construction had been applied for through May. Last year ended up finishing at $245,382,179.
That has people in city hall feeling positive about the city's economic outlook.