Economy and Business

taxes by John-Morgan / Flickr

HARRISBURG (WSKG) -- The Republican sponsored tax code overhaul in Congress faces an uncertain path, and will likely see some major changes as it makes its way toward legalization. 

But nevertheless, small business owners and advocates in Pennsylvania are trying to figure out how its current iteration would affect them and some have mixed feelings.

The more than 400-page bill of sweeping tax code changes has been touted as "pro-business" by its House GOP authors and the Trump administration.

And it would indeed slash the corporate tax rate by 15 percent.

Sarah Gager / WSKG News

It’s Halloween and pet owners are making sure their cats and dogs stay safe.

Sheryl and her owner Katie Kanazawich live on Binghamton’s West Side. Sheryl is a Plott Hound mix who is excitable and sweet, and loves to dress up.

AP Photo/Richard Drew, File

ROCHESTER (WXXI) - Rochester and Buffalo are hoping that two cities are better than one, when it comes to trying to attract major investment from the online behemoth Amazon. 

In September, the company said it needed to build a second corporate headquarters, a project that would see the company spend more than $5 billion and hire as many as 50,000 employees.

A number of communities across the country are vying for that new Amazon facility, and Rochester officials already said they are interested, as did people in Buffalo.

Gabe Altieri / WSKG

New York’s Broadband for All program hopes to bring broadband speed internet to the entire state by the end of 2018. This has led to an opportunity for local companies in rural areas, who are taking advantage of the state funds to expand to underserved customers. 

Several projects that are underway in Watertown to transform the city's downtown are getting a major boost. The city has won New York's top prize in the Downtown Revitalization Initiative (DRI) competition for the North Country, and the $10 million that comes with it.

Sarah Gager / WSKG News

Manufacturing will return to the vacant IBM site in Endicott. New York Governor Andrew Cuomo announced Wednesday that lithium ion batteries will be made on the Huron Campus.  

 Joining in the consortium of three companies locating in Endicott is C4V. When New York held its first ever 76West Clean Energy Competition, C4V’s new battery storage technology earned a $500,000 prize. 

aidaneus / Flickr

All 12 of the metro areas in New York State had economic growth rates below the national average last year. 

That’s according to the Empire Center, a fiscally-conservative think tank which looked at the recently released federal data on Gross Domestic Product.

Can Political Strife Hurt Business Prospects?

Sep 27, 2017
David Wilson / Flickr

HARRISBURG (WSKG) -- As Pennsylvania contends with a months-late budget and recently-downgraded bond rating, it's also working hard to entice Amazon to set up a secondary headquarters in one of its cities.

The situation raises a question: could the political turmoil deter businesses?

Some pro-business leaders say in certain cases, it's a possibility.

A recent report by the Federal Reserve shows certain zip codes in the city of Rochester lack access to credit. This sort of credit inequality also most likely exists in the city of Syracuse.

Caitlin Whyte / WXXI News

ROCHESTER (WXXI) - Fast food workers in upstate New York joined nationwide Labor Day strikes, demanding union rights and a $15 minimum wage.  Outside the McDonald's on Rochester's Monroe Avenue, fast food workers and labor supporters gathered in solidarity with the movement. 

Unemployment Rates Stable In Pennsylvania

Sep 5, 2017

New figures from the state Department of Labor and Industry show Pennsylvania's unemployment rate holding steady in July at 5 percent. However, it remains above the national rate of 4.4 percent.

ROCHESTER (WXXI) - A new report from the New York State Comptroller’s office highlights the economic profile of the Finger Lakes region. Speaking from the Wine and Culinary Center in Canandaigua, State Comptroller Thomas DiNapoli presented the findings based on the nine county area.

Ellen Abbott / WRVO News

Being the only producer of wine flour on the east coast may be lonely, but one Finger Lakes entrepreneur has created a growing business.

If you’ve ever wondered what could be done with all the mashed grapes left over from wine making, Hillary Niver-Johnson did. When SUNY College of Environmental Science and Forestry graduate realized that making grapeseed oil from the leftover seeds was cost prohibitive, she stumbled on the process of making flour.

“Wine flour is a supplemental flour, not a substitutional flour,” said Niver-Johnson.

A. Sue Weisler / rit.edu

(WXXI) - There are about 2,100 vacant, city-owned lots in Rochester. Three hundred of them are in the Marketview Heights neighborhood alone. That's where a team of students spent the summer gathering information that can be used to turn some of those abandoned properties into assets for their community.

Courtesy of Governor Cuomo's Office

(WRVO) - Gov. Andrew Cuomo announced Wednesday that a new $50 million expo center will be built at the New York State Fairgrounds near Syracuse, and work will happen quickly.

A plant in the North Country that produces the famous Philadelphia-brand cream cheese has triggered a mandatory water conservation order in the Village of Lowville, and the issue may have been a result of a misunderstanding between village leaders and the owner of the plant.

MattHurst / Flickr

 

The Broome County airport is trying to figure out how to keep up in an airline industry focused on big planes and big airports. 

Laura Rosbrow-Telem.

To get more space for people to work, live, and play, the City of Ithaca is looking to the water.

Gabe Altieri / WSKG

The deadline for the final round of funding for New York’s Broadband Program is August 31st.* The funding will cover projects for the last two percent of the state. These are some of the most remote areas, where the terrain can be rough and population is sparse. 

Now that the Mohawk Valley Health System has secured the necessary state funding, designs are underway for its new hospital in downtown Utica. Officials working on the project say the hospital will breathe new life into downtown and make the surrounding area more attractive. But that could come at the expense of dozens of businesses that are already operating in the proposed footprint.

AP Photo/Wayne Parry

HARRISBURG (WSKG) - As lawmakers try to negotiate a budget that'll pass the House, Senate, and Governor, plus fill a $2 billion funding gap, they're also grappling with another issue.  Nearly a year ago, the State Supreme Court declared that a law governing how casinos pay fees to their host municipalities was unconstitutional, and gave lawmakers an ultimatum: fix the law, or it'll be invalidated.  

Stock photo / AP

There's a lawsuit now in New York that could expand the rights of farm workers. Under state law, farm workers aren't allowed to bargain collectively, but the state Constitution may say something different.

MICHAEL MROZIAK, WBFO

BUFFALO (WBFO) - Gov. Andrew Cuomo and several other elected and government leaders drew some laughs, but also some praise as they announced another state investment in the National Comedy Center, which is currently undergoing construction in downtown Jamestown. 

Upstate New York, like the rest of the country, has suffered through decades of job losses in manufacturing. But some manufacturing companies in the Mohawk Valley and Southern Tier can’t find enough skilled workers to fill job openings.

Gabe Altieri / WSKG

Antanisha Garrett likes it in Elmira.

 

“Coming from a fast paced state like New Jersey, it’s really different," she said. "You can really come here and get your life together.”

President Donald Trump says upstate New York is not working and people are "getting very badly hurt." The president made the comments during a recent interview with the Wall Street Journal, suggesting people leave the area in search of better work elsewhere.

Trump's remarks were made while he was talking about Foxconn, a Chinese manufacturer, that he says will open a LCD flat-screen manufacturing plant in Wisconsin.

Gage Skidmore / Flickr

ROCHESTER (WXXI) - Local business leaders are responding to comments made by President Trump about the economy in Upstate NY.  

Union Leaders Rethink Their Approach In PA

Jul 25, 2017
AP Photo/Keith Srakocic

HARRISBURG (WSKG) -- Pennsylvania union leaders are attempting to chart a new course after decades of declining membership. As members have dwindled, unions' once-strong political sway toward the Democratic party has also shifted. 

WhiteHouse.gov

President Donald Trump hosted the owners of Oneida County's Sherrill Manufacturing at the White House Wednesday for a "Made in America" showcase. At a roundtable discussion with 20 small businesses, he praised the company's co-owner Gregg Owens for being the country's only remaining silverware manufacturer. 

Payne Horning, WRVO

SYRACUSE (WRVO) - An attempt to get the U.S. military to buy utensils solely from an Oneida County factory, the only silverware manufacturer in the country, was unsuccessful, but Sherrill Manufacturing's CEO is optimistic about a meeting the company has at the White House this week. 

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