Business

Business
1:25 pm
Mon February 4, 2013

Toy makers pledge $3 million for Children's Hospital family center

An artist rendering of the new center.

Toy maker Fisher-Price and its parent company Mattel delivered a big gift to the John R. Oishei Children's Hospital on Monday. The company's $3 million donation will help build a Family and Child Resource Center in the new facility.

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Business
9:53 am
Mon February 4, 2013

City considering traffic circle for busy downtown intersection

Genesee at Ellicott, downtown Buffalo
Photo from Google Street view

The City of Buffalo may take after some of its suburbs and turn a confusing intersection into a roundabout. 


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Business
8:50 am
Mon January 28, 2013

Economic summit: Accelerate Upstate 2.0

Accelerate Upsate

An economic summit will be held in Buffalo Tuesday that is designed to focus on the needs of the upstate workforce.   The Buffalo Niagara Partnership is hosting Accelerate Upstate 2.0  two at the Convention Center downtown.

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Business
5:44 pm
Fri January 25, 2013

Geico adding 800 jobs locally

Geico says it has plans to hire up to 800 workers in the Buffalo area this year.

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Business
9:38 am
Thu January 24, 2013

Assemblyman Ryan applauds proposed historic tax credit extension

Inside the Statler Restoration
WBFO News file photo

State Assemblyman Sean Ryan of Buffalo says the governor keep his word in proposing an extension of historic tax credits in his proposed budget plan.

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Business
5:00 am
Mon January 21, 2013

Feeding micro-breweries

Photo provided by New York Craft Malt

While smaller micro-breweries are becoming a growing part of the alcohol picture in this area, they usually don't rely on local sources for anything other than water.  But there's a growing supplier network feeding the breweries.

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Business
3:29 pm
Fri January 18, 2013

Employers challenged to buy local

Cathy Walker, President and CEO of Seneca Gaming, Larry Costa, Executive Vice President of Business Development at CustomTel, and State Senators Michael Ranzenhofer and Tim Kennedy participated in the Buy Local Challenge launch.
Credit Chris Caya/WBFO News

Private and public sector employers across Western New York are being encouraged to support one another and boost the economy in the process through the Buffalo-Niagara Partnership's 'Buy Local Challenge.' 

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Business
9:29 am
Tue January 15, 2013

Engine in new Corvette made in Tonawanda

The 2014 Corvette Stringray
Credit chevrolet.com

General Motors unveiled its 2014 Corvette Stingray at the Detroit auto show. Every car will have an engine made by the GM Powertrain Plant in the Town of Tonawanda.

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Business
9:43 am
Wed January 9, 2013

Business executives less confident about the economy

First Niagara Bank

Business executives across New York State are less confident about the economic situation and their expansion plans for the future.

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Business
5:14 pm
Mon January 7, 2013

Trader Joe's decides on Boulevard location

The popular grocery chain Trader Joe's has chosen a location in Amherst for its first store in the greater Buffalo region.

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Business
12:30 pm
Mon January 7, 2013

Hockey-dependent businesses welcome NHL's return

Credit File photo

Business owners and employees of Buffalo bars and restaurants are breathing a sigh of relief with news that the National Hockey League and its players have reached a tentative deal on a new collective bargaining agreement.

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Business
5:13 pm
Thu January 3, 2013

Food plants in Dunkirk & Silver Creek to close, costing 375 jobs

Two food processing plants in Dunkirk and Silver Creek are slated to close, eliminating 375 local jobs.

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Business
10:05 am
Wed January 2, 2013

NYS putting another $250 million into alternative energy

New York Energy Highway
Photo from NY Engery Highway Website

New York State is putting another $250 million  into alternative energy projects around the state, especially Upstate.

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Business
10:28 am
Wed December 26, 2012

Termini pushes tax-free downtown zone for Canadian shoppers

Hotel @ Lafayette, downtown Buffalo redeveloped by Rocco Termini
WBFO News file photo

A local developer is continuing to push a unique plan for revitalizing downtown Buffalo's central business district.

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Business
11:23 am
Wed December 19, 2012

Rudnick retiring from influential Partnership

Credit thepartnership.org

After more than 20 years on the job, Andrew Rudnick is retiring as President and CEO of the Buffalo Niagara Partnership.

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Business
2:18 pm
Mon December 17, 2012

49 new townhomes planned for city's fruit belt

Town houses develped by St. John Fruit Belt Community Development Corporation
Photo from St. John Fruit Belt Community Website

More new housing is going up near the Buffalo Niagara Medical Campus. State and local elected officials and religious leaders officially broke ground Friday, December 14, 2012 for 49-new townhomes at the corner of Maple and Virginia Streets in Buffalo.

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Business
5:29 pm
Thu December 13, 2012

Croce disappointed historic tax credit increase stalled

Developer Mark Croce says an increase in the historic preservation tax credit is needed to continue renovating the Statler.
Credit File photo

A prominent Buffalo developer say he is disappointed to learn that Governor Andrew Cuomo will likely put his veto pen to the Historic Tax Credit bill. 

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Business
12:55 pm
Thu December 13, 2012

Tonawanda plant building engines for new GM lines

GM says the new EcoTec3 engine, built in Tonawanda, optimizes fuel economy and power.
Credit chevrolet.com

General Motors unveiled its new 2014 Chevrolet Silverado and GMC Sierra models Thursday. The engines for the new lines are being built here in Western New York. 

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Business
12:19 pm
Mon December 10, 2012

Attorney general files suit against FWS

New York's attorney general has launched a lawsuit against the owners of Buffalo-based FWS furniture company, which recently went out of business, costing customers thousands of dollars. 

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Business
10:52 am
Wed December 5, 2012

HSBC Bank will leave downtown tower

HSBC Tower in downtown Buffalo
WBFO News photo by Eileen Buckley

The future of downtown's largest building is uncertain.  HSBC Bank has announced that it will leave the HSBC Center as of early next year. 

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Business
10:22 am
Mon December 3, 2012

Holiday shoppers urged to support local merchants

Peter Burakowski & Erin Habes look at Buffalo collection items at Visit Buffalo Niagara store at the Market Arcade
WBFO News photo by Eileen Buckley

A big emphasize is being placed on supporting local merchants this holiday shopping season.  The tourism group Visit Buffalo Niagara is reminding citizens about our independent retailers and encouraging Canadians to head over the border for their Christmas shopping.

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Business
2:56 pm
Mon November 26, 2012

Rich Products investing $18M in Buffalo HQ

Lt. Governor Robert Duffey appears at Rich Products
WBFO News photo by Eileen Buckley

Rich Products is making a major investment at its Niagara Street headquarters.  The company has announced it will invest $18.45 million to expand and create a Customer Innovation Center. 

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Business
10:31 am
Mon November 26, 2012

Press Pass: step-by-step city development

Inside the redeveloped Statler
WBFO News photo by Mike Desmond

Buffalo businessman Mark Croce continues the huge task of working to renovate the Statler Towers on Delaware Avenue.  It's one of many revitalization projects underway in the city.   WBFO's Eileen Buckley and Buffalo News reporter Brian Meyer discusses Croce's progress in this week's Press Pass conversation.

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Business
10:30 am
Mon November 26, 2012

Croce continues to transform Statler

Statler exterior
WBFO News by photo Mike Desmond

The historic Statler Towers in downtown Buffalo still looks a little tattered outside and the safety scaffolding remains in place in case more of the outside falls off.  But the proprietor, Buffalo developer Mark Croce, says things are going well inside.   

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Business
8:52 pm
Fri November 23, 2012

State Senator Kennedy joins Wal-Mart protest in Cheektowaga

Wal-Mart workers and their supporters used Black Friday to stage a series of protests outside stores nationwide, including one in the Buffalo area.  They blasted the low wages Wal-Mart pays as well as the way the retailer treats its employees.

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Business
8:40 pm
Fri November 23, 2012

Black Friday calmer because of Thanksgiving night shopping

It was a Black Friday unlike many others in recent years.  The early start of the shopping season on Thanksgiving night meant crowds were more manageable Friday.

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Business
9:25 am
Tue November 20, 2012

Business leaders outline 2013 agenda

A group representing the local business community has released its list of priorities for boosting the region's economy.

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Business
9:42 am
Mon November 19, 2012

Black Friday being pushed in Ontario

Black Friday promoted by Eaton Center
WBFO News photo

Friday is a work day in Canada, but Black Friday being pushed in Ontario.  Black Friday is said to be the day when shopping the day after American Thanksgiving turns corporate books from red ink to black ink.

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Business
9:18 pm
Fri November 16, 2012

Medaille hosts business entrepreneurs this weekend

Organizer Steve Pollard (left) & JohnSpitz, director of online programs at Medaille
WBFO News photo by Eileen Buckley

More than 140 people are taking part in a weekend program at Medaille College, designed to help entrepreneurs launch their ideas into the marketplace. 

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Business
4:37 pm
Fri October 26, 2012

NHL cancels more games; downtown businesses hurting

Kennedy, surrounded by a group of business owners, said Friday he has turned to the state for help.
Credit Chris Caya/WBFO News

There appears to be no end in sight to the hockey lockout.  The National Hockey League on Friday announced the cancelation of regular-season schedule through the end of November. 

The lockout is having a significant effect on local businesses that rely on hockey-generated revenue.  Friday afternoon, a group of local business owners gathered to discuss the economic impact of the ongoing stalemate.

Templeton Landing manager Christy Vukelic says says the lockout has had a devastating effect on her business and she has had to lay off workers.

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