Tagged: business development

Five years ago, Penn Yan’s Main Street shopping area featured a lot of empty windows: 12 out of 50.  Today, only two vacancies remain. Steve Griffin, who heads the Finger Lakes Economic Development Center, credits a few specific improvements - like a nearby redevelopment project and the opening of a downtown gallery. But he says, it also has a lot to do with a change in attitude.

Tuesday’s fiscal cliff package included extensions to a range of business-related tax credits, including one aimed at supporting research and development. Although Rochester, Buffalo and Syracuse have some of the most active R&D economies in the country, experts say the deal could be a double-edged sword for upstate.