Business/Economy

The WBFO Business & Economy News Desk is funded by The M&T Charitable Foundation.

Buffalo startup lands major client

13 hours ago
clearviewsocial.com

A Buffalo-based software startup, founded three years ago, has landed a major regional client. The company's founder hopes this partnership serves as an example to other bigger businesses, by encouraging them to help other smaller companies get off the ground.


National Public Radio

Factory activity in New York State surged this month to the highest level in nearly three years.

Budwey's to be purchased by Market in the Square owner

Aug 14, 2017
Michael Mroziak, WBFO

Budwey's, a locally-owned supermarket and longtime fixture in North Tonawanda, is being sold to another local grocer that is being praised for sharing similar business philosophies at his West Seneca store.


Michael Mroziak, WBFO

The City of Buffalo has named Next Street as the program operator of a small business advisory service named in honor of a longtime Buffalo Councilwoman.


Mike Desmond/WBFO News

Erie County Legislators are likely to vote later this month on a proposal from Legislator Ted Morton to require the county to buy goods that are "Made in America."


Sam Kmack, NY Now

There’s some good news and some bad news from the state comptroller’s office. The state’s nearly $200 billion pension fund is doing well, thanks in part to the booming stock market, but there are some worrisome signs for the future of New York’s finances.


Michael Mroziak, WBFO

The Cuomo Administration is celebrating a milestone in the state's film tax credit program. It says one million hires have been supported by the program. While those jobs are mostly temporary, local individuals with close ties to the film industry say it is making a positive economic impact.


Michael Mroziak, WBFO

The Buffalo Passport Agency is expanding. Officials say the downtown office is becoming an increasingly important center for passport processing and now draws customers from other cities including Cleveland, Pittsburgh and New York City.

  

Amherst Chamber of Commerce

After 35 years, the Amherst Chamber of Commerce  is getting a new President.

WBFO's Mike Desmond

It is not just that old industrial buildings in Buffalo are being converted for other uses, mostly housing. A new coffee house in the Old First Ward is benefiting from nearby new housing, as well as city natives returning here with ideas from other places.

Can passenger trains power Buffalo's economy to the next level?

Aug 7, 2017
Eileen Elibol

Many in Western New York have been talking about expanding public modes of transportation as a way to boost the economy and better connect residents and visitors. Expanded bus service, rapid transit and passenger trains are all on the table. Most recently, Niagara Falls opened an expanded new Amtrak station and Buffalo decided to locate its new station in downtown. WBFO's Marian Hetherly and Eileen Elibol decided to take the 45-minute train from Depot Avenue in the Falls to Exchange Street in downtown Buffalo for insight from the employees and passengers who ride the rails.


WBFO News file photo

Buffalo Mayor Byron Brown is very confident Tesla CEO Elon Musk will keep his promise to open SolarCity in south Buffalo with the hopes of creating a total of 3,000 jobs in the future.  WBFO's senior reporter Eileen Buckley has reaction from the Mayor after Musk held a conference call earlier this week with investors.    

Michael Mroziak, WBFO

Gov. Andrew Cuomo and several other elected and government leaders drew some laughs, but also some praise as they announced another state investment in the National Comedy Center, which is currently undergoing construction in downtown Jamestown.


The Dow hit 22,000 for the first time Wednesday after a better-than-expected earnings report from Apple sent stocks soaring yesterday.

Here & Now‘s Jeremy Hobson speaks with CBS News’ Jill Schlesinger (@jillonmoney), host of “Jill on Money” and the podcast “Better Off,” about what that means for people investing in the market.

Company officials are calling it "Amazon Jobs Day" as the on-line retailing giant, Amazon, seeks to fill 50,000 jobs nationwide. A recruitment event this morning at Salvatore's on Transit Road, says spokesperson Kayla Hanson, will look to fill "hundreds" of positions at the local Amazon fulfillment center that is scheduled to open in September.


WBFO's Mike Desmond

Not surprisingly, some businesses are supporting National Grid's request to raise electric delivery rates while citizens and citizen groups are opposed. That became apparent at Tuesday afternoon's Public Service Commission hearing at Buffalo's Central Library.

NYS authorizes 5 more marijuana dispensaries

Aug 2, 2017

New York State has authorized five more organizations to manufacture and dispense medical marijuana to improve patient access to dispensing facilities across the state.

Michael Mroziak, WBFO

Three hospitals in Niagara County are receiving state money for various capital projects.

WBFO News file photo /

A cyberattack on the Erie County Medical Center's computer system could end up costing the hospital millions of dollars. As WBFO's Chris Caya reports, ECMC decided to bear the cost rather than paying a ransom.

Mike Desmond / WBFO News

With 400 garden writers set to visit the region, Buffalo is building a reputation - one that contrasts with the nationally-accepted image of a city that endures endless winters. During his monthly appearance on WBFO's Press Pass, Jim Fink of Business First outlined how Visit Buffalo Niagara is highlighting  local tourist opportunities for garden lovers.


M&T Bank

A regulatory matter involving M&T Bank, raised four years ago amidst a major bank acquisition, was formally resolved Thursday when the Federal Reserve lifted a "letter of agreement" related to it.


WBFO's Mike Desmond

A new restaurant in a new building, a new office and light manufacturing space in a long-closed plaza area. Mike Desmond reports Cheektowaga Supervisor Diane Benczkowski says both are a sign of continuing confidence in her town for the future.

WBFO's Mike Desmond

There were 800 people registered for the Panasonic job fare Wednesday evening at the Buffalo Employment and Training Center - and more than that came to fill out forms and present resumes - as the company plans 150 hires by the end of August.

Verizon Wireless is being accused of violating net neutrality rules. Last week, customers using service speed test tools claimed that in some instances the speed at which they were able to steam Netflix was capped.

Michael Mroziak, WBFO

A large chunk of land in the City of Lackawanna where the former Bethlehem Steel plant once stood is now the property of Erie County. After infrastructure updates, the county will pursue companies to help convert the space into a business park that will include renewable energy-powered advanced manufacturing.


Wegmans

Wegmans is bringing home delivery to Buffalo and several other cities.

WBFO file photo

Congressman Tom Reed is celebrating a new business deal involving a Southern Tier company that will reportedly create 1,000 jobs. But he says reforms must be made if U.S. manufacturing is to rise up.


Mike Desmond/WBFO News

Buffalo's Zoning Board of Appeals has granted waivers to help a planned arts campus at Richmond and West Ferry. The project, which saw plans fall apart previously, has raised concerns among neighbors.


Bridal store chain Alfred Angelo is back in court Thursday morning.

SolarCity

The co-founder of SolarCity, now owned by Tesla, is leaving the company.

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