Business

Michael Mroziak, WBFO

Later this month, "March Madness" returns to Buffalo when the city hosts first- and second-round games of the NCAA Men's Basketball Tournament. Local tourism leaders are acting to make sure the city and its businesses are ready.


Trump Acts To Roll Back Regulations On Businesses

Jan 30, 2017

President Trump signed another executive order Monday morning, fulfilling another campaign pledge, this one to eliminate two federal regulations for every new regulation enacted.

Trump signed the order during an Oval Office photo op, saying, "We're cutting regulations massively for small business and large business," adding, "This will be the biggest such act our country has ever seen."

The order stipulates:

Chris Caya/WBFO News

Transportation companies looking to hire new workers are hitting roadblocks at the state DMV. Erie County Clerk Chris Jacobs says the wait time for a Commercial Driver License road test can be as long as three months.

U.S. Global Leadership Coalition

A longtime Washington lobbyist and experienced voice in the international business community says there is no better time to talk about trade. That is exactly what Bill Lane did, as he gave the keynote address at Wednesday’s World Trade Celebration at Buffalo Riverworks.

Three firms receive business ethics awards

May 12, 2016
WBFO

Three local companies were honored Thursday at  the 10th annual Buffalo Niagara Business Ethics Awards.

www.buffaloniagara.org

“Invest Buffalo Niagara.” Those 3 words will be the rallying cry of advocates who are charged with marketing the region to new and expanding businesses.

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.

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.

Lloyd Taco clears hurdle for brick-and-mortar eatery

Apr 7, 2015
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.

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.

Upstate NY CEO poll shows good outlook for 2015

Jan 26, 2015
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.

Business as usual expected post-storm

Nov 21, 2014
Chris Caya / WBFO

As snow clean up continues many are still stuck inside their homes during a week where holiday shopping would usually begin, but as soon as streets are plowed and driveways cleared many who’ve been cooped up indoors this week are expected to make their way straight to restaurants, retail, and grocery stores.

43North unveils 11 finalists, two from WNY

Oct 16, 2014
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.

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.

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.

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.

There are always people who want to start their own businesses.  This was especially true in the wake of the Great Recession.  On this week's You and the Law, WBFO's Mike Desmond talks with attorney Diane Tiverson about the legal issues of starting your own company.

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.

43north.org

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

Ashley Hirtzel / WBFO News

A new business competition is expected to attract entrepreneurs from around the world to Western New York. The “Build It Buffalo” business plan competition is expected to be the most ambitious the United States has ever seen.

Jay Rogan / GiveGab Product Manager

The U.S. Bureau of Labor Statistics estimates nearly 65 million people volunteered through or for an organization in 2012. One social networking site is now focusing on the volunteer sector.

Weekend event connects startups with business experts

Oct 7, 2013
Ashley Hirtzel / WBFO News

An event that helps new small businesses leverage support and gain feedback for their ideas was held at the University at Buffalo last weekend.

Ashley Hassett / WBFO News

Controversy is overshadowing proposed improvements to the U.S. side of the Peace Bridge. The proposal is dividing members of the bi-national authority that administers the key piece of infrastructure.

Cuomo plan links SUNY tax-free zones with new business

May 22, 2013
Ashley Hassett / WBFO News

Governor Andrew Cuomo outlined a plan while visiting the University at Buffalo campus Wednesday to encourage new businesses to locate near SUNY campuses. The initiative called “Tax Free NY” would allow businesses to operate without paying income, sales, property, or business taxes for ten years.

Program aims to boost entrepreneurship in region

May 8, 2013
AGmakonts

The SUNY Research Foundation is funding several institutions of higher education, including five in upstate. The funds will be used to foster entrepreneurship across New York State.

Daniel Robison / WBFO

You may have heard of "flash mobs," where a mass of people invade a public space to make a scene. Now the idea has been turned on its head by "cash mobs," where large crowds of consumers show up at small businesses to spend money. But it's not just about propping up the local economy.

It's 5 o'clock on a Friday, and mostly quiet in the Lander's Men's Store, a mom-and-pop clothing store in Jamestown, N.Y. But shop owner Ann Powers is anticipating a mob.

More than 175 local businesses looking to rebuild Western New York turned out for an Economic Action Summit on UB's North Campus this morning. 

The forum included eight workshops covering small business, infrastructure and commerce, agriculture and energy, and education.  The session was sponsored by Rep.Kathy Hochul.   

Photo from Sweet Tooth facebook page

A long-time ice cream and dessert shop on Elwmood  has called it quits. 

The Sweet Tooth announced on its facebook page that after 21-years, it closed it's business over the weekend. 

The facebook post says due to family health issues, increased expenses and uncertainty the operates have decided to shut its doors.  For year's Sweet Tooth was located on Elwmood Avenue between Hodge and Utica, but in May of 2006 it moved to the corner of Elmwood and Allen Street at 94 Elwmood. 
 
Here is the entire post on the Sweet Tooth facebook page:

Western New York's leading advocate for selling 100 percent made in America products is spreading his message nationwide.

Perhaps you've driven by -- or even shopped at -- the Made In America Store on Maple Street, just off the Route 400 exit in Elma.  It was opened by Mark Andol in April 2010 after his manufacturing company, General Welding and Fabricating, fell on hard times because of the recession.  Andol says his company lost $3 million in business to China.  He says keeping that money in the U.S. would save jobs and boost the economy.