Business

Business
10:17 am
Mon June 2, 2014

Power allocations helping local businesses add jobs

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

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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Business
10:05 am
Mon December 30, 2013

Local cab company promotes safe New Year's ride home

Bill Yunke, president of Liberty Yellow Cab in Buffalo.
Credit WBFO News photos by Eileen Buckley

In this digital age, we often use the expression 'There's an app for that." As WBFO's Eileen Buckley, reports Liberty Yellow Cab in Buffalo has a smartphone app to inform customers their ride is on its way.


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Business
12:31 pm
Thu December 19, 2013

Crosby tapped as First Niagara President and CEO

Gary M. Crosby

A man who oversaw a five-year revamp of the Buffalo Public Schools' operations and finances is the new President and Chief Executive Officer at First Niagara Financial Group.

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Business
12:15 pm
Mon December 16, 2013

Uniland receives tax breaks for Delaware/Chippewa project

An artist rendering of the proposed project
Credit File photo

Uniland Development has received $9.6 million in tax breaks from the Erie County Industrial Development Agency for a major project at a high-profile intersection in downtown Buffalo. 

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Business
1:36 pm
Mon December 2, 2013

IDA committee approves Uniland tax breaks

Credit Chris Caya/WBFO News

Uniland Development's tax break request for a new office building in downtown Buffalo has one more hurdle to clear.

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Business
12:37 pm
Mon November 18, 2013

ECIDA grants tax breaks to Delaware North HQ

An artist rendering of the proposed complex
Credit File photo

The Erie County Industrial Development Agency voted unanimously Monday morning in favor of sales tax abatements for planned new corporate headquarters for Delaware North Companies.

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Delaware North Expansion
8:51 pm
Fri November 8, 2013

Uniland scales back on tax incentive request for Delaware North project

Proposed headquarters for Delaware North

Uniland Development will submit a revised application for financial incentives to the Erie County Industrial Development Agency next week for its proposed Delaware North project. 

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Business
1:21 pm
Thu October 31, 2013

Business competition to attract entrepreneurs from around the world to Buffalo

The city of Buffalo
Credit 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.

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Business
4:32 pm
Wed October 30, 2013

Cheese producer expanding, creating 200 jobs in Chautauqua County

State tax credits are helping a Southern Tier cheese manufacturer expand its operations.

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Nanotechnology
8:55 am
Fri October 25, 2013

Governor pushing nanotechnology sector in Buffalo

Governor's nanotechnology initiative could benefit the Buffalo Niagara Medical Campus
Credit Courtesy of Buffalo Niagara Medical Campus

The Cuomo administration is looking into creating a nanotechnology sector in Buffalo.

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Business
10:40 am
Mon October 21, 2013

Volunteering website created upstate works to expand across US

The GiveGab crew. (Charlie Mulligan and Aaron Godert are pictured.)
Credit 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.

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