Communications Bureau, City of Rochester
Links of the Day:
– Rochester is doing just fine, thank you.
The New York Times has discovered the possible death of Kodak is not another Rust Belt cliché. In an accurate assessment of how we’ve weathered the company’s decline, The Times writes:
But beyond the urban core, in sparkling new office parks and research labs, at the University of Rochester and the Rochester Institute of Technology and the local medical complexes, Rochester remains quite robust, in no small part because of the legacy Kodak and other faded industrial giants left behind.
The fact that Kodak declined over decades, rather than suffering a sudden collapse, allowed people at the company and elsewhere to explore new options — to take skills in medical technology, photonics, imaging or optics to small startups or to start their own.
The Times pointed out wages have sunk, even as we’ve experienced job growth. The report also noted the “decay” in urban neighborhoods.
Recently, the Wall Street Journal and CNBC have also noted the area’s “reinvention.” So much for those blaming Rochester’s size and location for stifling innovation.
– The Strathallan is going to get a new pool and brand name. New owners Christa Development have big plans. So far, the company hasn’t been able to pull together financing for Midtown Tower.
– The Rochester Regional Transportation Authority is a model for struggling Buffalo.
– Rochester then and now: The Democrat and Chronicle has another installment of its Retrofitting Rochester series.
City of Rochester Communications Bureau
Links of the Day:
– So, you think Rochester’s not innovative? The Democrat and Chronicle’s Sean Lahman thoroughly deconstructs the ridiculous Wall Street Journal column claiming Rochester killed Kodak. He crunched the numbers on how many patents are obtained by local scientists:
Take Xerox Corp., for example. The company received 880 new patents last year, which ranked it 11th among all companies based in the United States. That’s more than many of the companies we think of as being hotbeds of innovation, like Apple, Texas Instruments or General Electric.
– On this Martin Luther King Day, grim statistics about African American incarceration.
– President Obama’s plans for high speed rail are slowing down.
– Buffalo is enjoying figuring out how to spend a billion dollars to lure businesses. Go for the “big one” or do some “economic gardening?”