Business/Economy

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

Millions of dollars are being invested into development projects on Buffalo's East Side. While plans are crystallizing at the former site of Buffalo Forge on Broadway, it appears an overhaul of the Central Terminal has been put on hold.  As Business First's Jim Fink points out during WBFO's Press Pass, though the delay may disappoint some,  the overall development discussion provides a positive sign for an often overlooked part of the city. 


Mike Desmond/WBFO News

The public had a chance to look at renderings of the proposed $30 million sports complex in Hamburg last night. The plan has drawn great reaction, not all of which has been positive.


Michael Mroziak, WBFO

Hilbert College played host to a forum on online security in the workplace. While the event was planned weeks in advance, recent global attacks on networks - including one against Erie County Medical Center last month - made Wednesday morning's forum more timely.


Michael Mroziak, WBFO

A Canadian businessman and his local partners say they're still proceeding with plans to redevelop Buffalo's Central Terminal. Harry Stinson and his peers hosted a news conference at the East Side landmark Tuesday morning to offer their side of the story, two weeks after it was announced their developmental agreement would not be renewed.


courest Adam Sokol Architecture Practice (ASAP) PLLC

An idea is being pitched to preserve relics from Buffalo's history and encourage economic growth in the surrounding neighborhood by designating waterfront grain elevators as a national park.


Developer Stuart Alexander

Not only are millennials moving into important positions in our society and our economy, a prominent local developer says his newest project reflects millennial views on how to live.

3M

The world's largest sponge-making facility is located right here in Western New York - and now the 3M plant in Tonawanda is expanding.

Mike Desmond/WBFO News

A crowd interested in a new Hertel Avenue supermarket proposal filled North Park Lutheran Church to hear what is planned. Dash's Market will be tearing down its old building in North Buffalo to erect a brand new store.

National Public Radio

Six companies have agreed to pay nearly $4.2 million to New York State to settle allegations that they illegally sold tickets to concerts and other events.

WBFO's Chris Caya

A popular North Buffalo restaurant is marking a milestone. It was 40 years ago that Kostas Family Restaurant opened on Hertel Avenue. On Wednesday, the City of Buffalo proclaimed "Kostas Day."


Wegmans ties for America's favorite grocery store

May 10, 2017
Wegmans

Wegmans and Publix are America’s favorite grocery retailers, tying for first place in a consumer study of more than 12,700  shoppers conducted by the research firm Market Force Information.

One of the top issues remaining before the state Legislature adjourns for the summer is fixing problems in the state’s economic development contracts. That’s after a scandal led to federal corruption charges against nine former associates of Gov. Andrew Cuomo.


Discover Niagara Shuttle opens for second season

May 9, 2017
Michael Mroziak, WBFO

A complimentary transportation service that connected numerous tourist attractions in Niagara County is opening for its second season, expanding its list of destinations stretching from Niagara Falls to Youngstown.


WBFO file photo

With hopes of reopening a cherished East Side landmark as a train station now put to rest, the Central Terminal Restoration Corporation is turning to a real estate and land use firm to study and recommend future possibilities for the terminal property.


WBFO file photo

The group overseeing a cherished landmark on Buffalo's East Side has decided not to renew an agreement that gave a Toronto-based firm development rights.

Michael Mroziak, WBFO

Three prominent names in Buffalo-area health care are uniting to construct a new radiation oncology center in the Southtowns.


Michael Mroziak, WBFO

With the addition of a building to the Pegula Sports and Entertainment footprint, and a plan for how to use it just announced, some were raising questions Wednesday as to what else the company might have in mind in downtown Buffalo.


Michael Mroziak, WBFO

A building in Buffalo's Cobblestone District, purchased earlier this year by Pegula Sports and Entertainment, will soon be home to a new restaurant and pilot brewery, as well as other mixed uses. Officials from PSE and Labatt USA announced plans for redevelopment inside the building at 79 Perry.


Michael Mroziak, WBFO

President Trump has turned up the heat on long-simmering trade disputes between the U.S. and Canada. While stating that it's a appropriate to look out for the interests of U.S. producers, some locally are expressing concern over the way Trump is tackling the matter.


WBFO File Photo

Newly named Buffalo Zoo president and CEO Norah Fletchall will officially take the position on May 22. When she completes her move from the Indianapolis Zoological Society, where she has served most recently as a senior vice president and chief operating officer, she'll face the challenges of running a smaller zoo with fewer dollars and a mission to build upon last year's significant uptick in attendance.


Buffalo IT company EmergenceTek plans to add 40 jobs

Apr 21, 2017
Michael Mroziak, WBFO

A Buffalo business born five years ago in an apartment has opened its new headquarters in downtown Buffalo and, with the support of a New York State tax credit program, plans to more than double its workforce.


WBFO News photos by Eileen Buckley

President Donald Trump is promising to find a solution to a trade dispute with Canada that has left dairy farmers in New York and Wisconsin without a market for their product.

What began as an effort to replace a crumbling, cramped train station on Buffalo's Exchange Street "has evolved into a Peace Bridge-like debate," said Jim Fink of Business First. During his monthly appearance on WBFO's Press Pass, Fink points out that Amtrak typically serves about 400 passengers each day in the Buffalo area. The location of a new station may have little effect on that number. 


Could hemp be million-dollar crop in NYS?

Apr 17, 2017
National Public Radio

The recently-passed state budget eliminates a cap on New York’s burgeoning industrial hemp industry. That will allow more farmers to be able to research, grow and process a crop that could turn into a million-dollar business.

Rosanna Masucci / U.S. Department of Commerce

Canada is recognized as the United States’ largest single export market, but what is stopping local business owners from selling to Canadians?

Chris Jacobs / New York State Senate

Western New York business leaders are praising the passage of workers’ compensation reforms in this year’s state budget.

NYS Governor's Office

With the passage of the state budget, lawmakers have approved the Buffalo Billion II, the second wave of Gov. Andrew Cuomo's economic development plan for Western New York.  The $400 million in state dollars will help boost some high-profile projects. But there are those who believe the program's lack of transparency makes it vulnerable to corruption.


National Public Radio File Photo

Buffalo's Common Council is cracking down on bad delis. If owners don't cooperate with residents, they might lose their city licenses.

Google Maps

A Buffalo charter school hopes it will get the green light  Monday evening to move forward with an $11 million expansion project on its North Buffalo campus.


Darien Lake

A Missouri-based Real Estate Investment Trust (REIT) called EPR Properties has announced the purchase of Darien Lake Theme and Waterpark Resort.

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