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Rochester Business Journal Staff

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Nonprofit sector here has significant economic impact 

I recently accepted an invitation meet with the board of directors for the Council of Agency Executives. Several members of the Greater Rochester Chamber of Commerce senior leadership team and I participated in a wide-ranging roundtable discussion abou...

Interest rate hedging can add stability to your business 

In 2017, the Federal Reserve raised its key interest rate three times. It is forecasting an additional three hikes in the coming year. While this is a good sign for the economy—an indicator of expected economic growth—it also means the cost of borrowing for consumers and businesses will increase. If your company borrows money or ...

Audit committees must oversee compliance with state regs 

“Cheers to a New Year, and another chance for us to get it right.” —Oprah Winfrey All New York tax-exempt organizations are subject to the requirements of the Nonprofit Revitalization Act (NPRA) of 2013. The initial effective date of the NPRA was July 1, 2014. However, many organizations do not know that the NPRA has ...

NY needs bag fees

It is obvious that single-use bags—especially plastic ones—handed out by grocery stores, restaurants and other retailers are bad for the environment. A six-member task force was convened last year to research and recommend a way to reduce their impact. The task force released its report this week, with one glaring omission: a recommendation. The New ...

Snap Poll: Majority supports proposed voter reforms 

Gov. Andrew Cuomo announced a proposal to improve voter participation earlier this month in his State of the State address. Cuomo’s proposal includes early voting, automatic voter registration and same-day voter registration. Every county would be required to offer residents access to at least one early voting poll during the 12 days leading up to ...

YWCA President Jean Carroll stepping down 

The YWCA of Rochester & Monroe County announced Wednesday that President and CEO Jean Carroll is resigning effective April 30. Carroll, who cited work/life balance and her family’s health as reasons for her decision to step down, has led the nonprofit organization that serves women and girls who are faced with personal crises for 33 ...

RBJ partners on Corporate Counsel Awards

The Rochester Business Journal announced Friday that it will partner with The Daily Record on a new awards event—the Corporate Counsel Awards. The Daily Record—the Rochester Business Journal’s sister publication—has long recognized leaders in the legal industry as Western New York’s authority on legal news and is adding the new awards event to the already-successful ...

Snap Poll: Little confidence in Cuomo’s income tax plan 

New York and other high-tax states have been searching for alternatives since the recently passed Republican tax reform bill limited the amount of state, local and property taxes that can be deducted. In his State of the State address last week, Gov. Andrew Cuomo raised the possibility of eliminating New York’s state income tax and ...

Work together in 2018

We have reached the end of President Donald Trump’s first year in office, and it has been every bit the wild ride that was predicted. From Twitter wars with the judiciary and other world leaders to Republican infighting over both health care and tax reform to the ongoing investigation into Russia and its role in ...