Business

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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Business
4:41 pm
Wed October 24, 2012

Grand Island Holiday Inn sold at auction for $4 million

The 263-room hotel overlooks the Niagara River
holidayinn.com

An investment group featured two local developers submitted the winning bid for the Grand Island Holiday Inn Resort and Conference Center Wednesday morning. 

Business First reports that in an auction that included ten registered bidders, a group led by developer Roger Trettel came out on top with a $4 million bid.  The winning group outbid a firm from Elmira in what the publication calls a "hectic" auction that featured 19 back-and-forth bids.

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Business
4:01 pm
Tue October 23, 2012

Job cuts coming to Dupont's Tonawanda plant

DuPont has also announced a worldwide reduction of 1,500 jobs over the next 12 to 18 months. That will include some positions at DuPont's Yerkes plant in Tonawanda by the end of the year.

Weak quarterly earnings reports and lower profit expectations from 3M and DuPont sent stocks tumbling today. The company blames continued low production volumes at the Tonawanda plant at River Road and Sheridan Drive.

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Business
9:21 am
Mon October 22, 2012

Canadian company recharges an East Side manufacturing facility

Inside OutFront in Buffalo
Photo from OutFront Website

A private Canadian company based just across the border near St. Catharines is setting up shop on Buffalo's East Side. The expansion project will help create jobs and keep the doors open at a manufacturing facility that was about to close.

Businessman Tony Van Es has purchased a troubled manufacturer at 50 Wecker Street just off Bailey near Delevan. He is renovating the facility, buying new equipment and planning to add as many 60 employees over the next few years.

Van Es says they will be good-paying jobs.

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Business
9:34 am
Fri October 19, 2012

Investigative Post: Man O' Trees delays another city project

Ellicott Street at Buffalo Niagara Medical Campus
Photo from Google Street view

With massive economic development growth expected at the Buffalo Niagara Medical Campus, it will be key to create a proper street flow along Ellicott Street.  But a redevelopment project has hit a major delay. 

A contractor with a track record of incomplete local projects is to blame.  Man O' Trees has also failed to complete the Martin Luther King splash pad and a major reconstruction project in Niagara Falls.

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Business
4:22 pm
Tue October 16, 2012

Lawmaker seeks to cap food truck fees

Senator Tim Kennedy with Lloyd Taco Truck co-owner Peter Cimino
Chris Caya/WBFO News

State Senator Tim Kennedy is proposing legislation that limits the annual fees municipalities across New York can charge mobile food vendors.

Kennedy says the food truck industry is booming, but inflated fees charged by municipalities are putting the brakes on mobile food vendors. The South Buffalo Democrat says his proposal will protect local control over regulating where and when food trucks do business.  

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Business
2:10 pm
Thu October 11, 2012

Catholic Health to build new downtown headquarters

Catholic Health, the area's second-largest health care provider, has announced plans to build a new six-story administration building along the Elm-Oak Arterial downtown.

Groundbreaking for the $46 million headquarters and training facility is scheduled for October 30, with completion projected for the summer of 2014. The new building will be at 144 Genesee Street, between Elm and Oak Streets, just south of the Kensington Expressway terminus.

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Business
4:51 pm
Wed October 10, 2012

Historic Niagara Falls hotel getting new life

Niagara Hotel is listed on the National Register of Historic Places
Photo from Wikipedia,

The Niagara County Industrial Development Agency has approved tax assistance for a company that plans reopen the historic Niagara Hotel.

JSK International Corp. plans to fully restore the hotel at 201 Rainbow Boulevard in the City of Niagara Falls.  JSK was approved for a 10-year sales tax abatement program of a little more than $3 million.

Niagara IDA chairman Henry Sloma tells WBFO News the assistance will allow the company to fully restore the hotel on Rainbow Boulevard.

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Business
9:59 am
Wed October 10, 2012

Bar owners complain to lawmakers after commingling ordinance expires

Ellicott District Common Council member Darius Pridgen on commingling issue
WBFO News photo by Eileen Buckley

Some downtown bar owners are claiming they're losing thousands of dollars with the end to a commingling ordinance experiment. 

Eighteen to 20 year olds were allowed, over the last six months, to attend bars along the Chippewa strip every Thursday night.  That ruled hit its sunset last Thursday. 

Ellicott District Common Council member Darius Pridgen, who sponsored the ordinance, spoke out at a Common Council committee meeting Tuesday. 

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