Business

RiverBend
9:11 pm
Tue July 29, 2014

State buys remaining RiverBend land for hi-tech development

RiverBend model

The State of New York has purchased the remaining 96 acres of what's known as the RiverBend site from the City of Buffalo for future development. 

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Business
3:42 pm
Tue July 29, 2014

Planning board approves conversion of Curtiss Building into luxury hotel

Credit Mike Desmond/WBFO News

A long-vacant landmark building in downtown Buffalo will soon be converted into a luxury hotel.

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Business
6:14 pm
Fri July 25, 2014

Tyson Foods to close Buffalo plant

Credit Tyson Foods

About 300 jobs will be lost when Tyson Foods closes its Buffalo plant on Perry Street next year.

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Business
12:42 pm
Wed July 23, 2014

DASNY working to assist women & minority owned businesses

DASNY
Credit Photo from DASNY Website

Minority and women-owned business are encouraged to learn more about bid opportunities and strategies later today. The Dormitory Authority of New York State will be in Buffalo Wednesday to host a business outreach and networking event at the Hyatt Regency.  The Dormitory Authority helps facilitate finance and construction.

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Business
7:00 am
Wed July 23, 2014

Praxair expanding with help from state taxpayers

Albany has agreed to provide $10 million worth of performance based incentives to help Praxair expand and modernize its Town of Tonawanda facility. Praxair, the largest industrial gases company in North and South America, had worldwide sales last year of $12 billion.

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Business
2:00 pm
Thu July 17, 2014

Niagara Lubricants reopens in new location after 2011 fire

Credit Chris Caya/WBFO News

New products are once again rolling out the door at Niagara Lubricant. Three years after the 91-year-old company's original factory in Black Rock was destroyed by fire, it has officially reopened in the former American Axel plant on East Delevan Avenue.

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Business
9:48 am
Mon June 16, 2014

Heron Foundation & other investors enthusiastic about Buffalo

New construction in downtown Buffalo promises economic development.
Credit WBFO News photo by Eileen Buckley

The Community Foundation for Greater Buffalo hosted the F.B. Heron Foundation late last week. The Heron Foundation, a major investor to the Buffalo Niagara Medical Campus, is now exploring other possible investments opportunities in our region. WBFO's Eileen Buckley talked with Heron Foundation president Clara Miller about their strong interest in Buffalo.

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Business
3:59 pm
Wed June 4, 2014

Eight companies coming to Buffalo's START-UP NY zones

Governor Cuomo announces twelve companies will be locating in New York State STARTUP NY zones.
Credit Ashley Hirtzel / WBFO

Governor Cuomo announced Wednesday that twelve companies are coming to New York State as a result of START-UP NY. Eight of those businesses are locating in START-UP NY zones in Buffalo.

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Business
9:26 am
Wed June 4, 2014

Erie County to bank exclusively with M&T

M&T Bank.
Credit MTB.com

Erie County will now exclusively do its banking with M&T Bank. Erie County Comptroller Stefan Mychajliw announced the $1.8 billion agreement Tuesday.

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Business
2:05 pm
Mon June 2, 2014

Local business competition attracts nearly 7,000 applicants

43 North Executive Director Andrew Pulkrabek
Credit Ashley Hirtzel / WBFO

A contest that bills itself as the world’s largest business plan competition announced the conclusion of its application process Monday. 43North attracted 6,932 applicants from across the world to take part in the competition in Buffalo, which includes applicants from all 50 states and 96 countries.

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Business
10:17 am
Mon June 2, 2014

Power allocations helping local businesses add jobs

WBFO's Chris Caya reports

The Western New York economy is going to get another boost from the Niagara Power Project. More low-cost power will soon be flowing to support hundreds of local jobs.

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Business
5:00 pm
Wed May 14, 2014

BlueCross BlueShield moving 40 jobs to Buffalo

BlueCross BlueShield of Western New York announces 40 new jobs are coming to its Buffalo headquarters.
Credit Ashley Hirtzel / WBFO

BlueCross BlueShield of Western New York announced Wednesday that 40 new jobs are coming to Buffalo. The company is moving the jobs from other company operations in Blue Bell, Pennsylvania to its Buffalo headquarters.

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Business
5:00 am
Tue April 15, 2014

City unveils tool for redevelopment of historic buildings

Mayor Byron Brown unveils 'Preservation Ready Study' at the Planning Mill located on Elm Street in downtown Buffalo.
Credit Ashley Hirtzel / WBFO News

A new study was released Monday to steer developers to historic buildings ready for re-purposing in downtown Buffalo. The ‘Preservation Ready Survey’ is expected to make it easier for developers to see which buildings are eligible for historic preservation tax credits and incentives.

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Business
10:13 am
Mon April 14, 2014

Business competition aims to encourage entrepreneurship among students

Entrepreneurs.
Credit AGmakonts / Some Rights Reserved

Aspiring entrepreneurs at the University at Buffalo will participate in a rapid-fire competition expected prepare them for pitching business ideas to potential financial backers. Seventy-five student teams will have 90 seconds to deliver their idea to a panel of six judges.

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Business
8:54 am
Mon April 14, 2014

Press Pass: Is it time to upgrade the Bisons' ballpark?

Buffalo Bisons sign outside Coca-Cola Field on Swan Street, downtown.
Credit WBFO News photo by Eileen Buckley

Should Coca-Cola Field -- home to the Buffalo Bisons -- undergo a modernization?  That's the question recently explored by Buffalo News reporter Brian Meyer in an extensive news article.  WBFO'S Eileen Buckley discusses the future of the ballpark with Meyer in this morning's Press Pass conversation.

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Business
11:12 am
Wed April 9, 2014

Business competition attracts applicants from 56 countries

World's largest business plan competition.
Credit 43North.org

The 43 North business plan competition is attracting people from around the world to Buffalo. Entrepreneurs, start-ups and teams from 56 countries and 48 states have applied to participate in the world’s largest business idea race.

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New York Beverages
6:49 pm
Tue April 8, 2014

State's beer, wine and distillery summit now includes cideries

Governor Cuomo hosted a second beer, wine, spirits, and now, cider summit, to showcase one of the state’s few growth industries.

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Business
8:30 am
Thu April 3, 2014

Tax relief for manufacturers aims to boost NYS economy

Senator Tim Kennedy discussing local manufacturing.
Credit Ashley Hirtzel / WBFO News

Manufacturing businesses in western New York can expect tax relief through this year’s state budget. The effort aims to improve the economic competitiveness of upstate New York.

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Buffalo Niagara Unemployment
9:42 pm
Tue April 1, 2014

Unemployment rate continues downward trend

Unemployment in the Buffalo Niagara region fell to 7.6 percent in February.  The State Labor Department says that's down from 8.8 percent one year ago. 

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Business
2:32 pm
Wed March 26, 2014

KeyBank closing ten area branches

KeyBank kas announced it will close ten area branches in July and August.

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Business
12:11 pm
Mon March 24, 2014

Reed says his office will help displaced ConAgra employees

ConAgra Foods is closing its Fredonia and Dunkirk plants.
Credit ConAgraFoods.com

As ConAgra Foods prepares to close its Carriage House plants in Fredonia and Dunkirk, Rep. Tom Reed says lawmakers are working hard to ensure other businesses don’t do the same.

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Business
3:46 pm
Thu March 13, 2014

Mortgage company expanding, adding 249 jobs

A local mortgage servicing company is planning a move and expansion that will nearly double its workforce.

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Business
8:00 pm
Tue March 11, 2014

Buffalo ranked most affordable city in America

The city of Buffalo
Credit Ashley Hirtzel / WBFO News

Buffalo has been named the most affordable city in America by Forbes magazine.

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Business
10:12 am
Fri February 28, 2014

Manufacturing hub aims to assist companies big and small

The former SmartPill facility at Main and Virginia will be the temporary site of the new operation.
Credit Mike Desmond/WBFO News

Manufacturing remains a key part of the local economy, with 50,000 jobs, 2,000 companies, and $5 billion in gross regional product. That's why Governor Cuomo is putting $45 million into the Buffalo Niagara Institute for Advanced Manufacturing Competitiveness.

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Business
10:07 am
Tue February 25, 2014

IBM picks Buffalo for 'deep research' facility

Gov. Andrew Cuomo and Buffalo Mayor Byron Brown talk about the impact a new IBM facility will have on the city.
Credit Chris Caya/WBFO News

WBFO's Chris Caya reports

Governor Andrew Cuomo says it is a "big win" to have IBM as the anchor tenant in the new Buffalo IT Innovation and Commercialization Hub.

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Hearthstone Manor
8:43 pm
Thu February 20, 2014

Hearthstone Manor is closing

The Hearthstone Manor in Depew is closing its doors.

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Business
5:46 pm
Fri February 7, 2014

Higgins tops list of region's movers and shakers

Credit bizjournals.com/buffalo

Business First is out with its list of the most influential people in Western New York. Rep. Brian Higgins tops this year's Power 250 list.

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Business
3:39 pm
Wed February 5, 2014

State launches $5 million Buffalo business competition

Credit 43north.org

A new competition has been launched to encourage startup businesses from across the globe to grow in Western New York.

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Business
4:01 pm
Thu January 16, 2014

Partnership endorses Cuomo's tax relief plan

Credit Chris Caya/WBFO News

The Buffalo Niagara Partnership and a bipartisan group of the region's state delegation are endorsing Governor Andrew Cuomo's business tax relief plan.

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Business
2:39 pm
Tue January 7, 2014

Local businesses cope with winter weather

The 2014 blizzard passing through the city of Buffalo.
Credit Ashley Hirtzel / WBFO News

As the frigid temperatures and blowing snow move through western New York Tuesday many local businesses are still working hard. The restaurant Just Pizza says they’re delivering food to areas without driving bans.

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