Tag Archives: Rochester

Greater Rochester/Finger Lakes Region designated a Manufacturing Community

ROCToday, the Greater Rochester/Finger Lakes Region of New York was designated as one of the first 12 Manufacturing Communities by The U.S. Department of Commerce as part of its Investing in Manufacturing Communities Partnership (IMCP) initiative. The U.S. Commerce Department-led program is designed to accelerate the resurgence of manufacturing in communities nationwide by supporting the development of long-term economic development strategies that help communities attract and expand private investment in the manufacturing sector and increase international trade and exports.

“The 12 Manufacturing Communities announced today represent a diverse group of communities with the most comprehensive economic development plans to attract business investment that will increase their competitiveness,” said U.S. Secretary of Commerce Penny Pritzker. “IMCP is a critical part of our ‘Open for Business Agenda’ to strengthen the American manufacturing sector and attract more investment to the United States. Innovative programs like IMCP encourage American communities to work together to craft  strong, clear, strategic plans to attract manufacturing investment and jobs to transform themselves into globally competitive commercial hubs.”

Selected based on the strength of its economic development plan, the New York Finger Lakes region, led by the City of Rochester was selected out of more than 70 applicants based on the strength of their economic development plan,the potential community impact, and the depth of their partnerships across the public and private sectors to carry the plan out.

As one of the 12 designated Manufacturing Communities, the area will receive coordinated support for their strategies from eleven federal agencies with $1.3 billion available in federal economic development assistance.

These communities will also receive a dedicated federal liaison at each agency that will help them navigate available federal resources. They will also be recognized on a government website, accessible to prospective private foreign and domestic investors, looking for information on communities’ competitive attributes.

In order to earn the designation, communities had to demonstrate the significance of manufacturing already present in their region and develop strategies to make investments in six areas: 1) workforce and training, 2) advanced research, 3) infrastructure and site development, 4) supply chain support, 5) trade and international investment, 6) operational improvement and capital access.

In September 2013, the U.S. Commerce Department’s Economic Development Administration and other agencies awarded $7 million in IMCP grants to 44 communities to support the development of long-term economic development strategies to help them attract and expand private investment in the manufacturing sector and increase international trade and exports. The Obama Administration officially launched the national IMCP competition in December 2013. Later this year, the Administration plans to launch a second IMCP competition to designate additional communities, as well as convene the 70 communities that applied for designation to share best practices in economic development planning.

Schools: an economic development issue

Rochester’s Mayor-elect Lovely Warren addressed a crowd of more than 300 leaders at a Vision-Future stressing the importance that education has on business and economic development.

According to the Rochester Democrat and Chronicle, Warren called the city’s schools an economic development issue, stressing that would be her focus along with safe streets.

Warren highlighted a problem faced by many urban school districts around the state: the lack of quality schools in the city, where “less than half of students graduate on time and just 5 percent are considered ready for college or the workforce when they do.”

State Education Commissioner John King was also in the Rochester area yesterday participating in a live forum at WXXI Studios along with state Board of Regents members Wade S. Norwood and T. Andrew Brown.

King said the implementation of the Common Core Learning Standards (CCLS) need “tweaking” but there are positive aspects to the tests.  Some of the changes being considered, according to the Rochester Democrat and Chronicle are, “testing options for special needs students, in Spanish language assessments and the phasing out of dual math exams for accelerated students..”

The New York State Education Department (NYSED) has resources available to support the successful implementation of the CCLS in classrooms across New York state over the next several years.  They are located on the Engage NY website.  The Business Council supports these standards that will help prepare students for college and career readiness. The standards are internationally-benchmarked and evidence-based, and serve as a consistent set of expectations for what students need to learn and be able to do to succeed in college and in careers.

Golf’s economic impact

The 95th PGA Championship, being held in Rochester, August 5 -11, 2013, gave state and local officials the chance yesterday to highlight golf’s economic impact on New York’s the local and state economy.

The lawmakers, led by New York Lt. Gov. Robert Duffy and U.S. Rep. Tom Reed, outlined golf’s statewide $68.8 billion economic impact which is responsible for 2 million jobs and an annual charitable donations of $3.9 billion. The estimated economic impact of the PGA Championship on the upon Greater Rochester is $78 million with 1,100 jobs created.

The presentation referenced a series of reports on golf’s economic impact located at the links below.

 

The Syracuse Post Standard also features a full primer on the event in today’s paper.

Touchscreen sensor manufacturing to bring jobs to Rochester

Eastman Kodak Co. and Kingsbury Corp. have announced a joint project to make touchscreen sensors that will create about 200 jobs over a three year period.

Kingsbury Corp. will invest about $10 million to create the new facility in the Eastman Business Park that will use new technology to manufacture touchscreen sensors that increase applications and reduce costs.

Kodak back in black for the first time since 2010

Kodak logoLong-time Business Council member Kodak reported $283 million in consolidated net earnings in the first three months of 2013, compared to a $366 million loss in the prior-year quarter.

The profitable quarter reflects improved results of the Commercial Imaging segments and includes a $535 million gain recorded on the sale of Kodak’s digital imaging patent portfolio, partially offset by a $77 million non-cash goodwill impairment charge related to the patent sale.

“These results demonstrate that we are on track with our strategy to focus on Commercial Imaging, and that we are making operational improvements as Kodak takes the right steps to emerge as a profitable and sustainable company,” said Antonio M. Perez, Chairman and Chief Executive Officer. “We have the right strategy and the right technology and products to extend our leadership in the industry.”

 

 

Here comes Spider-man – to Rochester

Filming for Columbia Pictures; The Amazing Spider-man, begins today in Rochester. During the nine-day shoot, the production’s second unit will film a car chase scene, according to a press release sent out by the Cuomo administration.

“The wait is over: The Amazing Spider-Man 2 is coming to Rochester,” Governor Cuomo said. “Since the day we announced the shooting of this movie in New York, franchise fans in Rochester and all across the state have been eager to get a glimpse of the action happening right in their backyards. In addition, having this production come to Rochester will mean new jobs and investments in the area. We are pleased to welcome Peter Parker and company to the beautiful City of Rochester.”

The movie will be film entirely in New York.

Program allows New York students to observe high-tech manufacturing jobs

Justin Murphy, reporter for the Democrat and Chronicle, gives us a look at a new program designed to introduce high school students to advanced manufacturing, students who aren’t sure about college.

Click here to read this interesting story.

 

Rochester business leaders push for more state aid

Gannett’s Joseph Spector twitter-logo reports this morning on efforts by Rochester business leaders to get more state aid for their city. They were at the Capitol yesterday for what Spector called “their yearly lobbying push.” Sandy Parker, president & CEO of the Rochester Business Alliance, was among those who met with Lt. Governor Robert Duffy and legislative leaders.

Click here to read more.