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.