Business

Business
3:17 pm
Fri April 24, 2015

$11 million in funding announced for East Side redevelopment

Big crowd on hand at the CAO on Fillmore for funding announcement Friday morning.
Credit WBFO News photo by Eileen Buckley

Good news came to Buffalo's East Side today. Nine projects in the community will be funded with $11 million through the Better Buffalo Fund.

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Business
5:42 pm
Wed April 22, 2015

Buffalo Manufacturing Works opens for business

This adjustable wrench, made for demonstration by Buffalo Manufacturing Works, is a small example of what a "3-D" printer" is capable of producing.
Credit Chris Caya WBFO News

New York state's effort to boost the economy by making the region a leader in advanced manufacturing continues moving forward.

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Business
3:51 pm
Mon April 13, 2015

Local company cited as a success of state investment program

Multisorb president Jim Renda (r.) shows New York State Comptroller Thomas DiNapoli examples of sorbent products manufactured by his company.
Credit Michael Mroziak/WBFO News

West Seneca-based Multisorb is being hailed as one of the success stories in New York State's In-State Private Equity Investment Program.

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Tourism-Illegal Hotels
2:02 pm
Fri April 10, 2015

Tourism group calls for action to regulate 'illegal hotels'

A statewide tourism group that lobbies on behalf of businesses within the industry is calling on legislators to enact regulations which put what it calls 'illegal hotels' on a level playing field with hotels, motels, bed-and-breakfast establishments and similar businesses.

The New York State Hospitality and Tourism Association is pointing to online services, naming the website Airbnb as a specific example, which link travelers to private owner-occupiers who rent spaces for short-term stays. These include rooms, apartments, or private homes.

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Business
3:34 pm
Wed April 8, 2015

Hochul promotes women & minority-owned businesses at roundtable

Lt. Gov. Kathy Hochul appeared in Amherst on Wednesday.
Credit File/WBFO

Gov. Andrew Cuomo remains committed to giving women and minority-owned businesses their chance to earn billions of dollars in state contracts. That was a message shared in Western New York Wednesday morning by Lt. Gov. Kathy Hochul, who took part in a roundtable discussion at the Amherst Chamber of Commerce.

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Business
2:48 pm
Wed April 8, 2015

Concerns raised over trade deal

Community activists and members of organized labor join Rep. Brian Higgins at a rally in Buffalo Tuesday opposing a new trade.
Credit Chris Caya WBFO News

A trade deal that Washington is negotiating behind closed doors is raising concerns among organized labor, community activists and Rep. Brian Higgins.

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Lloyd Taco
5:21 pm
Tue April 7, 2015

Lloyd Taco clears hurdle for brick-and-mortar eatery

This former bistro on Hertel will be the new site for Lloyd Taco's fixed-location eatery by June. The company, better known for its fleet of food trucks, received permission from the city Tuesday to expand into a brick-and-mortar location.
Credit Photo by Michael Mroziak

Buffalo has become the home to numerous popular food truck companies. One of them, however, is about to join the ranks of the brick-and-mortar establishments.

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Business
6:00 am
Fri April 3, 2015

Market Arcade to be home to new concept food market

Market Arcade and Perfettos. Perfettos was the last restaurant to try and survive at the site, but ultimately closed.
Credit Sinatra & Company / WBFO News

The Market Arcade on Main Street has long been known for under-performing establishments. But by the end of this summer, that may change.

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Business
2:57 pm
Thu April 2, 2015

Developers applaud budget's brownfield distinctions

Local developers are breathing a sigh of relief with the knowledge that new restrictions for brownfield development funding will apply only to the metro New York City area.

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Business
3:18 pm
Wed March 18, 2015

Municipal broadband would boost Erie County's economy, advocates claim

County Legislator Patrick Burke
Credit Erie County Legislature

A four-month study has concluded that creating a  municipal broadband Internet service in Erie County would boost the economy, create jobs and raise property values.

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Business
6:55 am
Mon February 23, 2015

Effort launched to redevelop stretch of Seneca Street

Erie County Legislator Patrick Burke
Credit Erie County Legislature

The first phase of a plan to redevelop a one-mile stretch of Seneca Street is being launched as local leaders aim to make the long-neglected commercial strip a "small downtown."

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Business
9:47 am
Fri February 20, 2015

Larkin Center for Commerce experiences growth spurt

Inside one of the newly redesigned office spaces in the Larkin Center for Commerce on Seneca Street in B uffalo.
Credit WBFO News photo by Eileen Buckley

Larkinville in Buffalo continues to experience rapid growth. More and more, companies are selecting the downtown site to locate businesses.

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Business
12:15 pm
Fri January 30, 2015

Supermarkets ready for Super Bowl rush

Credit File photo

Local grocery stores are expecting heavy traffic through Sunday as shoppers stock up for their Super Bowl parties.

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Upstate NY CEO poll shows good outlook for 2015
1:39 pm
Mon January 26, 2015

Upstate NY CEO poll shows good outlook for 2015

Dr. Don Levy, Director, Siena Research Institute
Credit Siena Reasearch Institute / WBFO News

A poll of upstate New York CEOs finds companies are more positive and prepared to do business in the coming year.

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Business
4:58 pm
Fri January 16, 2015

Report: KeyBank moving out of Key Tower

KeyBank is pulling out of the Key Tower
Credit Wikimedia Commons/Public doman

Another Buffalo bank is reportedly moving out of its namesake downtown tower.

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Business
10:26 am
Mon December 15, 2014

New bill seeks to level U.S./Canada price gap

It’s no secret that consumers in Canada often pay higher prices for a product that sells for much less in the U.S. The Canadian government has introduced legislation to address what it calls the U.S./Canada price gap. But many say the new law comes with no teeth.

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Business
5:00 am
Sat November 29, 2014

M&T offers assistance to businesses affected by storm

The M&T 'gold dome' in downtown Buffalo
Credit Sean_Marshall / Some Rights Reserved

M&T Bank has launched a new effort to help local small businesses affected by the snow storm. Business banking customers may be eligible for discounted rates on lines of credit and term loans.

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Employees disagree with extended 'Black Friday'
12:19 pm
Fri November 28, 2014

Store employees say extended 'Black Friday' hours on Thanksgiving not worth it

Shoppers at the Walden Galleria Mall on the morning of Black Friday.
Credit Avery Schneider / WBFO News

Some local stores and malls were taking heat over the past couple of weeks as public outcry called for the boycott of shopping on Thanksgiving day. With many stores choosing to open at 6 p.m. the night before Black Friday, WBFO’s Avery Schneider went looking to find out if employees think the choice was worth it…

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Business
5:00 am
Fri November 28, 2014

Working group brands shops on business strip in Clarence olidays

Paula's Donuts on Main Street in Clarence
Credit Paulasdonuts.com

In an effort to promote holiday shopping at small businesses, a new working group was formed in Clarence. Discover Main Street Clarence was created to brand the shops on Main Street as a major destination in the region.

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Business
10:28 am
Tue November 25, 2014

Shoppers urged to support local merchants

Shoppers are encouraged to patronage locally-owned businesses during the holiday season.

As the holiday shopping season moves into high gear, merchants and elected leaders are urging consumers to support local businesses.

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Business
4:45 am
Mon November 17, 2014

Capacity challenge for economic development council

WNY Regional Economic Council
Credit WBFO News file photo

Through the Buffalo Billion and a number of other programs, there is a lot of state money pouring into Western New York . But there is a problem for small local governments without the staff to look for cash.

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Niagara Falls development
7:51 am
Fri November 14, 2014

$35 million Niagara Falls hotel project faces key vote

Rendering of $35 million hotel proposed in Niagara Falls
Credit Hamister Group Inc.

A major new addition to Niagara Falls' historic core may be only a few days from final approval, with construction expected to start by late next spring.

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Business
8:39 am
Mon November 3, 2014

HarborCenter's potential ripple effects

Historic grain elevators cast tower over Ohio Street Corridor
Credit Brian Meyer/WBFO

A lot of attention has focused on projects at Canalside. But a one-time industrial neighborhood not far from

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Business
11:35 am
Thu October 23, 2014

Fashion Outlets unveils $71 million expansion

Fashion Outlets of Niagara Falls USA
Credit Brian - Flickr / Some Rights Reserved

The new wing of the Fashion Outlets of Niagara Falls USA made its public debut Thursday. The $71 million expansion brings 35 new tenants with 15 more to come in 2015.

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Business
5:18 pm
Tue October 21, 2014

Five companies join START-UP NY, pledge 123 jobs

Five companies affiliated with the University at Buffalo will be setting up shop as part of the state's START-UP NY tax incentive program.

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Business
11:31 am
Tue October 21, 2014

Plan to turn old brewery into loft apartments moves forward

Vacant building on Washington Street, Buffalo, New York
Photo from Google Streetview Maps

In an earlier era, the building at Washington and  Virginia streets was home to a brewery.

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Business
5:20 am
Tue October 21, 2014

Press Pass: Economic development on the rise

On WBFO's Press Pass, Jim Fink of Business First says his publication's recent study indicates that nearly $16.6 billion in economic development projects are underway throughout the eight counties of Western New York.

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Business
1:40 pm
Thu October 16, 2014

43North unveils 11 finalists, two from WNY

43North officials announce 11 finalists.
Credit Ashley Hirtzel / WBFO

Eleven finalists were announced in the 43North business plan competition Thursday. The contestants are competing for $5 million in cash prizes, including a top award of $1 million dollars. Each of the competitor is guaranteed to receive a cash prize of at least $250,000.

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Business
3:45 pm
Fri October 10, 2014

Steel frame 'topped off' at 250 Delaware

Michael Montante talking about Delaware North's new world headquarters being built in Buffalo.
Credit WBFO News photo by Ashley Hirtzel

The final steel beam was put in place Friday morning for a major mixed-use complex in the heart of downtown Buffalo.

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Business
4:11 pm
Mon September 15, 2014

Erie County's credit rating improves

Standard and Poor's has significantly upgraded Erie County's credit rating by three steps, to AA-, its highest ever rating for the county.

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