Business

Business news

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.

Erie County Legislature

The first phase of a plan to redevelop a one-mile stretch of Seneca Street is being launched as local leaders aim to make the long-neglected commercial strip a "small downtown."

WBFO News photo by Eileen Buckley

Larkinville in Buffalo continues to experience rapid growth. More and more, companies are selecting the downtown site to locate businesses.

File photo

Local grocery stores are expecting heavy traffic through Sunday as shoppers stock up for their Super Bowl parties.

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.

Report: KeyBank moving out of Key Tower

Jan 16, 2015
Wikimedia Commons/Public doman

Another Buffalo bank is reportedly moving out of its namesake downtown tower.

It’s no secret that consumers in Canada often pay higher prices for a product that sells for much less in the U.S. The Canadian government has introduced legislation to address what it calls the U.S./Canada price gap. But many say the new law comes with no teeth.

M&T offers assistance to businesses affected by storm

Nov 29, 2014
Sean_Marshall / Some Rights Reserved

M&T Bank has launched a new effort to help local small businesses affected by the snow storm. Business banking customers may be eligible for discounted rates on lines of credit and term loans.

Avery Schneider / WBFO News

Some local stores and malls were taking heat over the past couple of weeks as public outcry called for the boycott of shopping on Thanksgiving day. With many stores choosing to open at 6 p.m. the night before Black Friday, WBFO’s Avery Schneider went looking to find out if employees think the choice was worth it…

Paulasdonuts.com

In an effort to promote holiday shopping at small businesses, a new working group was formed in Clarence. Discover Main Street Clarence was created to brand the shops on Main Street as a major destination in the region.

Shoppers urged to support local merchants

Nov 25, 2014

As the holiday shopping season moves into high gear, merchants and elected leaders are urging consumers to support local businesses.

WBFO News file photo

Through the Buffalo Billion and a number of other programs, there is a lot of state money pouring into Western New York . But there is a problem for small local governments without the staff to look for cash.

Hamister Group Inc.

A major new addition to Niagara Falls' historic core may be only a few days from final approval, with construction expected to start by late next spring.

Brian Meyer/WBFO

A lot of attention has focused on projects at Canalside. But a one-time industrial neighborhood not far from

Fashion Outlets unveils $71 million expansion

Oct 23, 2014
Brian - Flickr / Some Rights Reserved

The new wing of the Fashion Outlets of Niagara Falls USA made its public debut Thursday. The $71 million expansion brings 35 new tenants with 15 more to come in 2015.

Five companies join START-UP NY, pledge 123 jobs

Oct 21, 2014

Five companies affiliated with the University at Buffalo will be setting up shop as part of the state's START-UP NY tax incentive program.

Photo from Google Streetview Maps

In an earlier era, the building at Washington and  Virginia streets was home to a brewery.

Press Pass: Economic development on the rise

Oct 21, 2014

On WBFO's Press Pass, Jim Fink of Business First says his publication's recent study indicates that nearly $16.6 billion in economic development projects are underway throughout the eight counties of Western New York.

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.

Steel frame 'topped off' at 250 Delaware

Oct 10, 2014
WBFO News photo by Ashley Hirtzel

The final steel beam was put in place Friday morning for a major mixed-use complex in the heart of downtown Buffalo.

Standard and Poor's has significantly upgraded Erie County's credit rating by three steps, to AA-, its highest ever rating for the county.

Ashley Hirtzel / WBFO

Senator Charles Schumer is calling on the U.S. Army Corps of Engineers to complete its wetlands review of the former Bethlehem Steel site in Hamburg. The review stands in the way of possibly bringing FedEx to the region.

Chris Caya/WBFO News

More new jobs are coming to downtown Buffalo. Blue Bridge Financial has officially opened its new national headquarters in the Electric Tower on Washington Street.

Ashley Hirtzel/WBFO News

Direct international flight to two new destinations will now be offered at the Buffalo Niagara International Airport. Toronto-based Sunwing Airlines announced Tuesday it will offer non-stop flights to Punta Cana, Dominican Republic and Cancun, Mexico starting this winter.

New Cabela's store in Cheektowaga attracts thousands

Aug 7, 2014
Ashley Hirtzel / WBFO

The first Cabela’s store in New York State opened in Cheektowaga Thursday. Shoppers lined up by the thousands to get a glimpse of the new retail outdoor store.

Private group formed to advance Chippewa District

Aug 1, 2014
Ashley Hirtzel / WBFO

A private sector group has been formed to preserve and advanced the Chippewa District in downtown Buffalo. The Chippewa Alliance is comprised of representatives from various local businesses, including Key Bank, Uniland Development, Delaware North Companies, Eric Mower + Associates, Evergreen Health Services, North American Breweries (Labatt), Kenney Shelton Liptak Nowak LLP.

The State of New York has purchased the remaining 96 acres of what's known as the RiverBend site from the City of Buffalo for future development. 

Mike Desmond/WBFO News

A long-vacant landmark building in downtown Buffalo will soon be converted into a luxury hotel.

Tyson Foods

About 300 jobs will be lost when Tyson Foods closes its Buffalo plant on Perry Street next year.

Photo from DASNY Website

Minority and women-owned business are encouraged to learn more about bid opportunities and strategies later today. The Dormitory Authority of New York State will be in Buffalo Wednesday to host a business outreach and networking event at the Hyatt Regency.  The Dormitory Authority helps facilitate finance and construction.

Pages