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"Preliminary plans for the Bull’s Head Neighborhood revitalization project will be unveiled to the public on Monday, and then next month the city of Rochester will provide a look at proposed street changes for the area as developers look to restore vibrancy on Rochester’s west side.
DevelopROC will present the plans and solicit feedback at 6 p.m. on Monday in the first floor meeting room of the St. Mary’s Campus (89 Genesee St.).
On Feb. 27, city officials will provide details of conceptual street improvements — including pedestrian and bicycle safety as well as new street extensions — at 6 p.m. at the Salvation Army (100 West Ave.).
Brownfield remediation is well underway and ESL Federal Credit Union has announced plans to create a new branch in Bull’s Head, the first new tenant in what decades ago was a thriving retail neighborhood.
DevelopROC is overseeing rehabilitation plans for the 12-acre neighborhood. Chosen through Request For Quote in 2021, DevelopROC is a consortium comprised of Henrietta-based US Ceiling Corp; The Dawson Co. of Pensacola, Fla.; Shift Capital of Philadelphia; Brinshore Development of Chicago; and The Oughtness Group of Atlanta.
Demolition of obsolete structures is expected to be completed sometime in 2024. Local and federal funding has been earmarked for street construction, with preliminary engineering design expected to be completed by the fall of 2025 and construction to commence in 2026.
Bull’s Head comprises the area where West Main Street, Genesee Street, Brown Street, Chili Avenue and West Avenue converge."
"St. John Fisher University is currently enrolling a new cohort for its Next Generation Leadership Institute, designed to prepare next generation family employees for leadership roles in their family enterprises.
The institute features a cohort-based model to equip next generation family business members (primarily ages 25-40, although all ages are welcome) with leadership skills and business acumen to advance their careers and expand their position within their family firm.
Led by Fisher faculty and community leaders with expertise in family business, the institute includes monthly sessions that provide deep dives into developing leadership skills for the participant and for their family’s business.
It also includes confidential peer group faculty-facilitated sessions and 1:1 leadership development coaching. Live case studies are offered by regional family firm leaders allowing participants to apply their learnings and ask questions and increase their professional rolodex.
Carol Wittmeyer, director of the Family Business Program, said the institute is a unique leadership development offering next generation family business members with elements to develop leadership skills.
That includes research-based content, faculty with real world experience and academic discipline training, family business CEO-led live case studies and peer groups, she added.
“Attendees will complete the institute with state-of-the-art family business leadership content, a personal strategic plan they have presented to their peers and faculty, and a robust peer and professional network to support their future plans,” Wittmeyer said.
The institute will kick-off in March. From there, participants will engage in 10 in-person sessions held on campus throughout the year. Upon completion of the Institute, cohort members will earn a St. John Fisher University Executive Education Certificate.
Enrollment in the institute is $6,000 and can be completed online through Friday, Feb. 23."
"Syntec Optics (Nasdaq: OPTX) announced a $4.8 million order that adds to the Rochester-based company’s growing collaborations with leading health care providers and biomedical equipment manufacturers.
The order is from a major blue-chip customer for the supply of diagnostic electro-optics for various biomarker measurements at the point of care.
The equipment – specifically designed for biomedical diagnostic instrumentation – provides advantages over traditional diagnostics, including biosafe sampling, extensive test possibilities, quick results and ultrahigh accuracy for very small samples at hospitals or clinical facilities.
The order signifies a pivotal step in Syntec Optics’ ongoing commitment to developing solutions that improve patient outcomes and enhance health care delivery, company leaders said.
“This substantial order for delivery in 2024 underscores the growing demand for our innovative optics solutions within the health care industry,” said Sara Hart, the company’s director of sales. “Our commitment to developing advanced optical technologies pushes the boundaries of what is technically possible; it’s about positively impacting patients’ lives.”
"Rehabilitation of the blighted corner of East Main Street and North Clinton Avenue in the heart of downtown Rochester is expected to begin this spring.
Rising interest rates drove up project costs and forced Home Leasing, the Rochester-based developer of the project, to secure additional funding, company CEO Bret Garwood said earlier this week.
The project involves extensive remodeling of four buildings, all of which have been largely ignored and are in various states of disrepair. Plans call for the creation of 11 workforce housing units as well as four commercial spaces. New York State has allocated $4 million in Downtown Revitalization Initiative funding for the work.
Home Leasing completed the purchase of the properties last year and has obtained necessary approvals for the project, Garwood said.
The firm had hoped to begin construction last year but the need to find additional funding streams caused a delay, Garwood said. Work is now slated to begin in March.
“Interest rates and the cost of construction has at least doubled,” he said. “Every time we took a step forward, we’d take a step back because of rising costs.”
"Rehabilitation of the blighted corner of East Main Street and North Clinton Avenue in the heart of downtown Rochester is expected to begin this spring.
Rising interest rates drove up project costs and forced Home Leasing, the Rochester-based developer of the project, to secure additional funding, company CEO Bret Garwood said earlier this week.
The project involves extensive remodeling of four buildings, all of which have been largely ignored and are in various states of disrepair. Plans call for the creation of 11 workforce housing units as well as four commercial spaces. New York State has allocated $4 million in Downtown Revitalization Initiative funding for the work.
Home Leasing completed the purchase of the properties last year and has obtained necessary approvals for the project, Garwood said.
The firm had hoped to begin construction last year but the need to find additional funding streams caused a delay, Garwood said. Work is now slated to begin in March.
“Interest rates and the cost of construction has at least doubled,” he said. “Every time we took a step forward, we’d take a step back because of rising costs.”
It's about time. But when it's done it'll be nice. That's the problem with cities that aren't BOOMING. Sometimes the premium real estate can't attract the premium prices and stays vacant. Slow and steady is why we grow out, instead of up.
"While a conditional $375 million construction loan for Li-Cycle’s Rochester Hub remains in limbo, members of Congress are again demanding that a Department of Energy official provide details on the agency’s vetting and lending approval processes.
Li-Cycle paused construction on the Hub project back in October, citing escalating construction costs as it awaits final approval of the loan from the Department of Energy’s Loan Program Office.
But Republican lawmakers serving on three House of Representatives committees say the director of that loan program, Jigar Shah, has not adequately responded to requests for substantive details on how taxpayer dollars are doled out.
Back in December, Cathy McMorris (R-Wa.), chair of the House Energy and Commerce Committee; Morgan Griffith (R-Va.), chair of the Subcommittee on Oversight and Investigations; and Jeff Duncan (R-S.C.), chair of the Subcommittee on Energy, Climate and Grid Security; demanded information on how Shah’s department determined recipients of loan dollars.
The information Shah provided over the past seven weeks didn’t satisfy the lawmakers. In a Jan. 23 letter to Shah, the trio said his answers were “inadequate” and that he had “failed to cooperate in a meaningful way with the committee’s efforts to exercise its Constitutionally based oversight responsibilities.”
The committee chairs again asked for details on how Li-Cycle was given conditional approval for a loan “in light of reports of the poor financial position of Li-Cycle.”
Li-Cycle received conditional approval in February for a loan through the DOE’s Advanced Technology Vehicles Manufacturing program. Li-Cycle’s business model creates a closed-loop battery supply chain. The firm will recover lithium, cobalt and nickel from end-of-life batteries, then allow those materials to be used again in the production of new batteries.
The Department of Energy did not respond to a media request for information regarding the status of the conditional loan to Li-Cycle.
McMorris, Griffith and Duncan also expressed concerns in their letter about how the Loan Program Office approved a loan to Sunnova, a Texas-based clean energy company whose business practices have been called into question by the House. The committee chairs also demanded information regarding Shah’s participation in Cleantech Leaders Roundtable events and whether there was a conflict of interest.
The letter threatened more action, including a subpoena, if the Department of Energy did not cooperate with oversight efforts."
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