From Business Today:
Gov. Andrew M. Cuomo visited Roswell Park Cancer institute Tuesday to talk up his plans for regional economic development councils. The councils are meant to unite towns and counties, offering $1 billion in state funding that they would come together to fight for. The current economic development system encourages neighboring communities to compete against one another for job creation funds.
New Era Cap Co. is positioning itself to double its volume by 2015. It will add 140 positions at the company--about 100 of them in Buffalo--as it ramps up its menswear and accessories lines and takes its products to the global marketplace. The cap-maker for Major League Baseball is expanding its licensed hat making, having secured a contract to begin providing National Football League headgear. Still, it doesn't want to be known as just a cap company, it wants to be known as a lifestyle brand. The company is hiring for a variety of positions, including retail store associates and global brand managers.
The unemployment rate in the Buffalo Niagara region was down 0.4 percentage points last month from the previous year. At 7.7 percent, it's the lowest June unemployment rate in three years. The local unemployment rate is lower than the state's jobless rate, which was at 8 percent and much lower than the national rate, which was 9.3 percent. John Slenker, an economist for the Labor Department, attributed the slight May to June rise to seasonal workers moving into the job market.
Who is getting hired, promoted and honored?
Alec Baldwin and John Krasinski have been starring in New Era's popular baseball rivalry commercial campaign. Here they are behind the scenes: