Economic & Business Climate

Public Finally Getting a Chance to Weigh In On Economic Councils

WXXI Innovation Trail reporter Emma Jacobs looks at the imitial meetings of the regional economical development councils and the criticism they've received over conducting some business behind closed doors.

Markets Plunge On Worries About A World Economy Slowdown

Stocks tumbled around the world Thursday amid signs of economic weakness. The Dow Jones Industrial Average dropped more than 400 points to close down more than 3.6%.

National Grid Invests $6 Million on Syracuse's University Hill

With construction booming on Syracuse's University Hill, utility company National Grid announced a $6.2 million investment to update its electric infrastructure there.

Dow Sinks Again As President Urges Calm

The Dow Jones Industrial Average closed below the 11,000 mark Monday. President Obama sought to calm the market jitters, saying the downgrade was not about the nation's fiscal soundness, but about its political impasse.

How Regional Economic Councils Will Actually Work

WXXI Innovation Trail reporter Zack Seward provides in depth analysis of New York's new system of regional economic development councils.

Chesonis Talks with WXXI About Sale of PAETEC

WXXI Innovation Trail reporter Zack Seward interviewed PAETEC CEO Arunas Chesonis about the deal to sell his company to Arkansas-based Windstream.

Full Coverage and Analysis of the Sale of PAETEC

A company called Windstream in Little Rock, Arkansas is buying Fairport-based PAETEC, the company that had planned to build a new headquarters on the site of the former Midtown Plaza.

Strike Over at Central NY Nuclear Plant

Workers at the Nine Mile Point Nuclear Plant near Oswego are back on the job, ending a two week strike, the first strike at an American nuclear plant since 2002.

Cuomo Announces Rochester's Regional Economic Council

WXXI Innovation Trail reporter Zack Seward covered Governor Andrew Cuomo's Rochester visit to outline his ambitious new approach to economic development.

Brookings: NY's "Clean Economy" is Second Largest in Country

WXXI Innovation Trail reporter Marie Cusick says a new report lists New York as second in the nation, behind only California, when it comes to its share of the "clean economy."