National or Local Business News
Alain Kaloyerios, former chief of the State University Polytechnic Institute, and three other defendants are found guilty of steering state economic development contracts to favored contractors who supported Governor Cuomo: https://www.democratandchronicle.com/story/news/politics/albany/2018/07/12/buffalo-billion-alain-kaloyeros-suny-guilty-wire-fraud-conspiracy/780680002/
New York’s Department of Environmental Conservation has shot down a plan nine years in the making to store large volumes of natural gas and propane in salt caves beneath Seneca Lake. Crestwood Midstream Partners hoped to develop the gas storage facility beneath the western edge of the lake were a salt brine plant now stands. […]
The Rochester Institute of Technology announced in a gala event Thursday night that it’s shooting for a $1 billion fundraising goal in its capital campaign. The university announced “Transforming RIT: The Campaign for Greatness.” As the title says, the largest fundraising event in RIT history is meant to take the school to another level […]