Business

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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Business
9:26 am
Fri October 5, 2012

Olean manufacturer Daltile closing down

A major manufacturer in the City of Olean is closing its doors. 

Officials with Daltile announced Thursday afternoon that the company is ending operations at its plant on South Clark Street.  174 people work at the facility. 

The mosaic tile maker has been studying the long-term viability of the Olean plant and one in Gettysburg, PA in recent months. 

"Unfortunately, the company felt that it was unable to make the necessary investments in the Olean facility to keep it operational," said Assemblyman Joseph Giglio.

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Business
9:40 am
Thu October 4, 2012

Encouraging careers in construction

Heavy equipment was on display as part of WNY Construction Career Days
Chris Caya WBFO/AM 970 News

The 8th Annual Western New York Construction Career Days continues in Lakeview Thursday. The two-day event is geared towards high school students and veterans.

The event offers students and veterans a first-hand look at what jobs in the trades entail.  WNY Construction Career Days Committee Chair John Magney said in many cases, schools are only directing students to college. 

"And as we all know we're not all cut out for college. You see these kids walk away from this event really thinking that this could be an opportunity for a career," said Magney.

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Business
9:27 am
Thu October 4, 2012

New hotel opens in West Seneca

Ellicott Development opens Country Inn & Suites by Carlson in West Seneca
WBFO News photo by Mike Desmond

There is a node of hotels developing in West Seneca near the junction of the Main Line Thruway and Route 219. 

Ellicott Development has built three hotels through its Ellicott Hospitality subsidiary in West Seneca, with a ribbon-cutting yesterday for the new Country Inn & Suites by Carlson, flanking the Staybridge Suites hotel.
The Hampton Inn-Buffalo South is just down Slade Road.

West Seneca Supervisor Sheila Meegan said they have helped develop a section of the town which needed development.

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Business
4:01 pm
Tue October 2, 2012

Animal advocates allege pig cruelty in Walmart supply chain

Chris Caya/WBFO News

Members of an animal rights group held a brief demonstration outside Walmart's Thruway Plaza store in Cheektowaga this morning.

The activists are calling on the retailer to stop confining pigs to tiny crates where they are unable to move.  The group is calling on the company to require its pork suppliers to phase out the practice.

Mercy For Animals National Campaign Coordinator Phil Letten says at two separate Walmart pork suppliers, the group documented pregnant pigs confined to "filthy, metal gestation crates" and pigs with open wounds and pressure sores.

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Business
9:43 am
Tue October 2, 2012

Mayor Brown says other developers are interested in former AM&A's building

Buffalo Mayor Byron Brown
WBFO News file photo

It appears a new developer will be needed for the former AM&A's Building on Main Street in downtown Buffalo. 

A couple of weeks ago, developer Rocco Termini said he would end his plans to redevelop the site because Governor Andrew Cuomo failed to sign a bill that would have raised the amount on tax credits used by developers to restore buildings.  

But now, Buffalo Mayor Byron Brown says there are some other developers eyeing the site. 

"AM&A's obviously has been a white elephant.  It has been vacant more than a decade in downtown Buffalo," said Brown.

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Business
9:44 am
Mon October 1, 2012

Press Pass: Getting ready for Webster Block development

Jay Moran & Jim Fink in studio
WBFO News file photo

The Sabres organization and the City of Buffalo will begin preparing for Webster Block development.

That is one of the topics of conversation in this week's Press Pass conversation with WBFO & AM-970's Jay Moran and Business First reporter Jim Fink.

Jay and Jim also discuss new concerns that surrounded the Buffalo Creek Casino.

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Business
11:07 am
Wed September 26, 2012

Walmart Supercenter planned for Cheektowaga's Super Flea

Walmart logo

Cheektowaga's Super Flea, the popular weekend destination of bargain hunters, will soon make way for a Walmart Supercenter.

In written release, Walmart announced that it intends to build on the Walden Avenue site and relinquish its current location near Harlem Road. 

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Business
5:32 pm
Fri September 21, 2012

Schumer says hat counterfeiters costing Buffalo business

Chris Caya/WBFO News

Buffalo-based New Era Cap Company is losing millions of dollars to counterfeiters each year, which could cost local workers their jobs.

At the company's Delaware Avenue headquarters downtown Friday, Senator Charles Schumer announced a plan that he says will help trace the source of counterfeit caps, urge the U.S. Trade Representative to put more pressure on foreign governments, and step-up enforcement online.  

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Business
2:35 pm
Thu September 13, 2012

New life for famous 998 Broadway address in Buffalo

ALDI'S opens at 998 Broadway in Buffalo
WBFO News photo by Chirs Caya

Cash registers are ringing again at "998 Broadway."  The catchy sounding address made famous locally by the old Sattler's Department Store is now the site of the City's newest ALDI.

Buffalo Mayor Byron Brown helped cut the ribbon on the new store across from the Broadway Market Thursday morning.

The Mayor said "it's another great day of momentum in Buffalo."   

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Business
2:11 pm
Mon September 10, 2012

Trader Joe's to open store in Buffalo area

Trader Joe's

One of the nation's most famous grocery chains is coming to the Buffalo area. 

The Kenmore Village Improvement Society said Trader Joe's will open a store in a major retail corridor by the end of 2013. 

The group has been lobbying for a Trader Joe's for several years.  Society President Melissa Foster confirms the news.  Foster said it's a big win for the community to finally land the chain.

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Business
1:44 pm
Fri September 7, 2012

WNY startups target $25 million in sales to China

A $682,000 grant from the U.S. Commerce Department and others will aim to create $25 million in sales for western New York medical startups.
Daniel Robison WBFO

Western New York is home to more than 200 growing startup companies catering to specific medical and life science needs.

While these small businesses offer unique products and services, they don’t always have a market for their goods or the personnel to aggressively seek out buyers.

A new initiative will try to give at least 40 of these companies the extra sales muscle to move $25 million worth of local products in the next three years.

'Hand in glove'

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Business
10:45 am
Thu September 6, 2012

Plans to redevelop Tishman Building move ahead

Buffalo Mayor Byron Brown & Mark Hamister reach easement agreement for Tishman Building redevelopment
Photo provided by City of Buffalo

Plans to transform the Tishman Building into a mixed use building at Lafayette Square in downtown Buffalo moved another step forward.  

Wednesday Mayor Byron Brown announced a new easement agreement with The Hamister Group.  The $40-million project will transform the Tishman building into a Hilton Garden Inn hotel, apartments and new corporate offices for Hamister. 

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Business
5:12 pm
Thu August 30, 2012

Robert Gioia chosen to head ECHDC

File photo

There is a new head of the state agency developing Buffalo's waterfront. Governor Andrew Cuomo has nominated civic leader Robert Gioia to the board of the Erie Canal Harbor Development Corporation and recommended he be chairman.

Gioia is the president of the John R. Oishei Foundation, chairman of the Great Lakes Health System, and a former chairman of the Niagara Frontier Transportation Authority.

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Business
7:15 am
Thu August 30, 2012

City chooses Pegula's proposal for Webster Block

Artist rendering

A group led by Buffalo Sabres owner Terry Pegula has been chosen to develop downtown Buffalo's Webster Block.  The announcement was made by Mayor Byron Brown late Wednesday morning. 

"Great things are happening in the city of Buffalo and today it is getting even better," said Mayor Brown as he started the news briefing.

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Business
11:44 am
Wed August 29, 2012

WNED to sell AM station to Crawford Broadcasting

Western New York Public Broadcasting Association has entered into an asset purchase agreement to sell WNED-AM 970 toCrawford Broadcasting Company.

“Since WNED purchased WBFO-FM 88.7 in March, we’ve been able to consolidate the frequencies for our news and information service,” said Donald K. Boswell, WNED president and CEO. “We want to make the best use of our resources and don’t feel that it’s necessary to simulcast on both AM 970 and WBFO-FM 88.7 any longer.”

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Business
2:47 pm
Tue August 28, 2012

Kaleida selects veterinary school for former Millard Gates site

Future site of veterinary school at former Millard Fillmore Gates Hospital
WBFO News file photo

Kaleida Health's board of directors has selected a proposed veterinary school to be developed at the former Millard Fillmore Gates Circle Hospital.

Kaleida made the announcement Tuesday afternoon.  The $65 million plan proposed by local developer Chason Affinity was chosen over a proposal for a mixed use complex from Uniland Development that including a hotel and residential, office, and retail space.

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Business
10:45 am
Mon August 27, 2012

M&T Bank acquires Hudson City Bancorp for $3.7 billion

Buffalo-based M&T Bank Corporation has announced the largest acquisition in company history.

M&T will take over the Paramus, New Jersey-based Hudson City Bancorp Incorporated for an estimated $3.7 billion.  Ninety-seven of the 135 branches being purchased by M&T are in New Jersey, which will make it the Garden State's fourth-largest bank by deposit share.

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Business
8:30 am
Mon August 27, 2012

Delaware North searching downtown for headquarters

Jay Moran & Business First reporter Jim Fink in WBFO & AM-970 studio
WBFO News photo

Though they may eventually stay in their current location, Delaware North officials are examining some key downtown spots for their headquarters.

Jim Fink of Business First says Delaware North will be keeping its 350 employees downtown, however the company is exploring its options prior to their lease expiring in 2015.

That's one of many items Jim Fink touched upon during his Press Pass conversation on WBFO and AM 970.

Mayor Brown, Fink expects, will make a decision this week on who will develop the Webster Block near First Niagara Center.

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Business
2:39 pm
Fri August 24, 2012

Canadian Consulate to maintain smaller presence in Buffalo

The Canadian Consulate is set to vacate HSBC Tower on Monday.

The Canadian government says it will maintain a consular presence in Buffalo, even though the downtown Consulate in the HSBC Tower is slated to close. 

Senator Charles Schumer says he has been in contact with government officials, trying to get them to reverse what he calls a "poor decision."  Around 75 people worked on two floors in the tower. The Consulate's immigrant section closed in June.

While its still on track to close next week, Schumer says Foreign Minister John Baird has agreed to keep a consular presence in the Queen City through a smaller liaison office. 

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Business
9:39 am
Thu August 16, 2012

Opposition mounting against proposed Thruway toll hike for truck traffic

NYS Thruway tolls
Photo from NYS Thruway Authority Website

The New York State Thruway Authority is proposing a 45% toll hike for commercial traffic.  Many are already speaking out against it.

Governor Andrew Cuomo has defended the increase saying it is "needed" to deal with escalating maintenance costs.  Unshackle Upstate says the increase would hurt the trucking industry. 

The first of three public hearings will be held Thursday night in Buffalo.  One local leader is vowing a fight. 

"My position is very clear on the issue of increasing tolls. We are dead set against it," said State Senator Tim Kennedy of Buffalo. 

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Business
3:11 pm
Tue August 14, 2012

Postmaster general: William Street decision likely next year

Patrick Donahoe spoke to the National Rural Letter Carriers Association Convention Tuesday in Buffalo.
Chris Caya/WBFO News

The head of the U.S. Postal Service made a surprise visit to Buffalo's William Street Mail Processing Center this morning. 

Postmaster General Patrick Donahoe toured the facility before speaking to the 2,500 attendees at the 108th National Rural Letter Carriers Association Convention. 

After being targeted for closure in a cost-cutting move, the William Street facility won a temporary reprieve from earlier this year. The Postal Service is seeking to close a multi-billion dollar budget shortfall and stay solvent in a time of declining mail volume.

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Business
9:23 am
Tue August 14, 2012

Canadian manufacturer opens in Erie County

Another Canadian company is moving operations south of the border and doing some hiring at a new location in Holland.

Fichman Furniture makes wooden radiator covers and will be making them in an existing building which was formerly used for producing wood products. Owner Erran Fichman says the building is ideal for what the company does and has already hired some workers.

The covers are made from a wood composite called MDF which comes from just across the border in Pennsylvania.

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