The success of Fast Forward Monroe, a $17 million program, has prompted Monroe County Executive Adam Bello to authorize up to an additional $4 million to continue the grant program. This funding will be used to help businesses who did not receive assistance through the first round of the program. “The COVID-19 crisis has had […]
On December 9 online, for the first time, the Upstate Capital Association of New York is hosting the Venture NY Series A Showcase in partnership with 43North, GENIUS NY, 76West, Grow-NY and Luminate. Featuring some of the fastest-growing startups from across New York, this event includes investor pitches and opportunities for group and one-to-one networking. […]
Amazon plans to locate a distribution center on Lexington Avenue in the town of Greece. The project, estimated at more than $50 million, is expected to generate 50 full-time and 50 part-time jobs. Roughly 400 construction jobs will be created. The site is owned by Acquest Development, which will lease the 180,000 square-foot facility to […]
Monroe County has decided to commit $15 million in CARES Act funding to support local small businesses affected by the COVID-19 pandemic through the Fast Forward Monroe Small Business Grant Program. The grant program is a direct response to the Fast Forward Monroe business survey released earlier this year, and will provide financial assistance to […]
New 3D Technologies has been awarded a contract from the U.S. Air Force to build the next generation of glasses-free 3D displays. The technology company, formerly DTI, specializes in autostereoscopic displays, which do not require any special eyewear to see the 3D effect, and is part of Rochester Institute of Technology’s Venture Creations business incubator. […]
LMD Power of Light is one of the first eight companies in the state to receive assistance from Empire State Development to develop COVID-19-related products. LMD will use the funds to make oxygen treatment helmets at its facility in Rochester. These non-invasive ventilation devices are currently being used across Europe to improve the respiratory function in […]
Monroe County has established an Emergency Small Business Assistance loan program to help businesses affected by the COVID-19 crisis. “Our small businesses are suffering from the loss of working capital due to circumstances beyond their control, and it’s important we do all we can to help employers and their employees make it through this crisis,” […]
NextCorps has been chosen to launch one of two clean tech accelerators in the state receiving $10 million over five years, the New York State Energy Research and Development Authority said. The second accelerator will be operated by NEX-NY in Brooklyn. The accelerators will offer a mix of support services for clean energy companies including seed […]
The 2020 Grow-NY business competition is accepting submissions, officials at Empire State Development said. Grow-NY is in the second year of its three-year initiative and focuses on enhancing the emerging food and agriculture innovation cluster in Central New York, the Finger Lakes and the Southern Tier regions. The competition attracts high-growth food and agriculture startups […]
VPG Medical, Inc., a Rochester-based developer of advanced solutions for the home-based health monitoring and personalized wellness markets, announced today that it has launched a free wellness tracker for Monroe County residents to use during the unprecedented COVID-19 outbreak. The tracker leverages the company’s HealthKam technology, which is an APP utilizing the embedded camera in […]