Leaders Moving Quickly to Spread Rochester Area’s $500M
“It took eight months of work for Rochester to win $500 million in economic development funding from the state. But now that the Finger Lakes Regional Economic Development Council has access to the money, members are moving to evaluate proposals and award projects.”
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Center for Economic Growth Selects Next President
“Andrew Kennedy is the next president and CEO of Center for Economic Growth. The hiring was approved by the board of directors today. Kennedy will begin July 1. He is currently the deputy director of state operations for Gov. Andrew Cuomo.”
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Explore & More, General Mills, Buffalo Arts and Tech Center OK’d for NYPA Funding
“The New York Power Authority will allocate $2.58 million to three Buffalo projects that are expected to lead to more than tens of millions of dollars in capital investments. The NYPA board of trustees approved funding requests from Explore & More children’s museum, General Mills, and the Buffalo Arts and Technology Center.”
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Buffalo Manufacturing Works is up to 14 Employees as Project Portfolio Grows
“Buffalo Manufacturing Works is “ahead of plan” on its five-year path toward financial self-sustainability and engaged with a wide range of Western New York manufacturers.”
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Plug Power Rebrands to Prepare for Ruture Growth
“Plug Power is adapting its image and rebranding to reflect its shift from a research and development company to a commercial manufacturer.
The Latham, New York, fuel cell maker’s rebranding includes a new logo, color scheme, website and a name change of its ReliOn stationary fuel cell products to GenSure.”
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Buffalo Group Invests $500K of Venture Capital into Rochester Industrial Printing Startup
“The Buffalo Capital Partners group has once again teamed up with venture capital firm Excell Partners to back an industrial start-up company with roots in the Rochester region. Rochester-based Excell is leading the $2.5 million round being raised by Sensor Films, while the Buffalo-based group is contributing about $500,000 to that round.”
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Rosina Foods to Invest $22.7 Million for Manufacturing, Adding Jobs
“Continued growth, including securing new contracts with national firms, is fueling a $22.7 million expansion and renovation of Rosina Food Products Inc. operations in Cheektowaga and West Seneca.”
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