Kodak Creates New Rochester ED Fund

Ironically the same day Kodak announced it was cutting thousands of jobs, the photo giant made a pledge to spend millions to bring new jobs here. Kodak employees, who fear their jobs are on the line, hope they won't end up paying the price.

Kodak has created the 15-million dollar Rochester Economic Development fund to promote job creation here. Kodak says it'll pump in five million dollars over the next three years to attract new economic opportunities, not all related to photo imaging.

Stay tuned on this one. Go here to read more.