Business

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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Business
10:03 am
Tue September 9, 2014

Schumer says Army Corps is delaying FedEx deal at former Bethlehem Steel site

Senator Charles Schumer calls on U.S. Army Corps of Engineers to complete wetland review of former Bethlehem Steel site
Credit Ashley Hirtzel / WBFO

Senator Charles Schumer is calling on the U.S. Army Corps of Engineers to complete its wetlands review of the former Bethlehem Steel site in Hamburg. The review stands in the way of possibly bringing FedEx to the region.

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Business
2:52 pm
Thu August 28, 2014

Coming to Buffalo an 'easy decision' for finance company

Credit Chris Caya/WBFO News

More new jobs are coming to downtown Buffalo. Blue Bridge Financial has officially opened its new national headquarters in the Electric Tower on Washington Street.

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Business
3:56 pm
Tue August 12, 2014

Canadian airline starting service from Buffalo to Cancun, Punta Cana

Sunwing officials announced the new service out of Buffalo on Tuesday.
Credit Ashley Hirtzel/WBFO News

Direct international flight to two new destinations will now be offered at the Buffalo Niagara International Airport. Toronto-based Sunwing Airlines announced Tuesday it will offer non-stop flights to Punta Cana, Dominican Republic and Cancun, Mexico starting this winter.

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Business
2:41 pm
Thu August 7, 2014

New Cabela's store in Cheektowaga attracts thousands

New Cabela's in Cheektowaga draws thousands.
Ashley Hirtzel WBFO

The first Cabela’s store in New York State opened in Cheektowaga Thursday. Shoppers lined up by the thousands to get a glimpse of the new retail outdoor store.

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Business
12:59 pm
Fri August 1, 2014

Private group formed to advance Chippewa District

Cross-section of Franklin Street and Chippewa Street in downtown Buffalo.
Credit Ashley Hirtzel / WBFO

A private sector group has been formed to preserve and advanced the Chippewa District in downtown Buffalo. The Chippewa Alliance is comprised of representatives from various local businesses, including Key Bank, Uniland Development, Delaware North Companies, Eric Mower + Associates, Evergreen Health Services, North American Breweries (Labatt), Kenney Shelton Liptak Nowak LLP.

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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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