Business/Economy

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

Eileen Koteras Elibol

Some 150 classic vehicles will head to the starting line for the Great Race Saturday morning at the Buffalo Transportation Pierce-Arrow Museum. Though the event made its way through Buffalo in 2012, the race start brings with it more prestige--and more dollars. Local tourism officials estimate the economic benefit to be at least $1.2 million.


Buffalo Office of Strategic Planning

Buffalo is coming closer to completing development rules for the city's waterways.  While waterfront development often focuses on the shorelines of Lake Erie, the new rules would also take into account properties near Scajaquada Creek.


TopsMarkets.com

Tops Markets took another step toward getting out of bankruptcy yesterday.  Teamsters working in the warehouse supplying the company's markets agreed to take major hits in wages, benefits and pensions.

WBFO file photo

One-year pilot agreements with two ride-hailing services, allowing them to offer rides to and from the Buffalo Niagara International Airport, are set to expire next week. Talks are underway to extend the opportunity for passengers to hail cars provided by Uber or Lyft.


Thomas O'Neil-White

On Buffalo’s East Side, a new job training center is taking shape. Officials and residents hope it will address the community's high unemployment rate, while boosting development in that area – and across the city.

Michael Mroziak

Town of Tonawanda company Unifrax is thanking National Grid and the Erie County Industrial Development Agency for the incentives that made it possible to carry out a major expansion of its area facilities.

If your summer plans include a driving vacation, prepare to budget more for gasoline.

"Right Here, Right Now" / Paget Films

Visit Buffalo Niagara has taken a page out of former Buffalo Bills Head Coach Marv Levy's playbook, premiering a new promotional video "Right Here, Right Now." VBN says it is meant to highlight "the natural beauty, civic vitality, entrepreneurial energy and reinvigorated sense of place found in Buffalo today."

Tesla Lays Off 9 Percent Of Workforce

Jun 13, 2018

Tesla will lay off about 3,500 workers in an effort to boost profitability, CEO Elon Musk wrote in a company email.

"What drives us is our mission to accelerate the world's transition to sustainable, clean energy, but we will never achieve that mission unless we eventually demonstrate that we can be sustainably profitable," Musk wrote.

Members of a U.S. Consumer Advisory Board say they plan to fight a recent decision that led to all of them being fired.

Some local beekeepers are concerned about a bill making its way through the New York Legislature. It would require all beekeepers both commercial and hobbyist, to register with the state.

The measure won the unanimous support of the State Senate's agriculture committee this week. 

Pat Bono operates a small scale beekeeping operation in Wayne County. She's worried about the potential implications of a mandatory state registry.

File Photo

The State Court of Appeals on Thursday unanimously ruled that New York can tax tobacco sales by Native American retailers to non-Indians.

First components of Labatt House to open this November

Jun 5, 2018
Francesca Bond, WBFO

A full-service bar, restaurant, beer garden and brewery are expected to open this November, representing the first tenants of a development in progress in Buffalo's Cobblestone District. Officials with Pegula Sports and Entertainment joined representatives of Labatt USA to provide a progress report on what will be known as Labatt House.

Deadline extended for dairy farmer safety net program

Jun 5, 2018

The USDA has extended the deadline for dairy farmers who want to sign up for a special safety net insurance program.

Governor's Office

The nation's new tax law places a cap on the amount of state and local taxes that someone can deduct from their taxable federal income. That caused panic in high-tax states like New York. So the state's lawmakers amended their tax system to mitigate the increased costs for New Yorkers - changes the federal government may soon attempt to nullify.

Michael Mroziak, WBFO

Some of the last relics of a former steel production complex in Lackawanna are being removed to make way for the Shoreline Trail.

Mike Desmond/WBFO

Commuters frustrated with the detours around the Skyway have a sympathetic ear in Congressman Brian Higgins. Though the re-decking of the bridge has been underway for a few weeks, he remains unyielding in his criticism. For Higgins, the $30 million effort is "a compete waste of money because that bridge could not be constructed today because it's unsafe. It doesn't have shoulders in the event vehicles break down."

National Public Radio

Sears is closing another 72 stores after reporting a first-quarter losses and plunging sales. The company says it will post a list of those locations on its website by midday.

A memorial service will be held Thursday for the former chairman of NOCO Energy. Reginald B. Newman II died unexpectedly April 7 at his winter home in Florida. He was 80 years old.

National Public Radio

If you're looking for a cup of coffee to help keep you going after a long holiday weekend, you can forget about going to Starbucks. More than 8,000 company-owned stores are closing Tuesday for anti-bias training. It follows the recent arrests of two African-American men who asked to use the restroom in a Philadelphia Starbucks last month. But will the training work?


Before falling on hard times, Seneca Street once stood as the hub of commerce and entertainment in South Buffalo. That could be changing. During his monthly appearance on WBFO's Press Pass, Jim Fink of Business First highlights some new developments that will bring new vitality to the neighborhood.


With a depressed farm economy already hurting their prospects, many local growers and producers would have welcomed passage of the 2018 Farm Bill. Instead, the House of Representatives voted it down last week. Steve Ammerman of the New York Farm Bureau says his agency is "disappointed" by the rejection which was fueled by a conflicting assortment of political priorities.

Michael Mroziak, WBFO

General Motors' Tonawanda Engine Plant has been selected as the first of the automaker's plants to produce a new V-8 engine line that utilizes a cylinder deactivation technology that helps the engine produce only the power that is needed, in order to increase efficiency. Plant officials announced Monday it will result in the retention of 635 jobs.


WBFO file photo

Kevin Schuler, a former LP Ciminelli Corp. executive will not go on trial and has agreed to provide evidence to prosecutors in the ongoing Buffalo Billion trial that alleges bid specifications were tailored to allow Ciminelli to build the massive state-owned Solar City/Tesla factory on South Park Avenue.

The New York State Public Service Commission on Thursday gave the green light to former Buffalo Sabres owner Tom Golisano. The PSC approved the sale of local broadband company Greenlight Networks to Golisano's Grand Oaks GLN, LLC. 

Fujifilm is planning to sue Xerox over the company’s decision to pull out of a $6.1 billion deal that would have seen Fuji take over control of Xerox.

BuffaloNiagara.org

Doug Ford, a candidate in the race to become the leader of the Province of Ontario, is claiming that Canada has lost thousands of jobs to Western New York. But that's not how the leader of the region's economic development organization sees it.


Jamie Frumusa

A signature taste of Buffalo is making its debut Thursday in New York City. Anchor Bar, which came up with the recipe for spicy chicken wings in 1964, is opening its eleventh location right in the heart of Manhattan.

WBFO file photo/Eileen Buckley

The Niagara Frontier Transportation Authority has already done it with one of its Metro Rail stations. Now, it's inviting developers to bring forth ideas for converting other underground rail stations into mixed-use centers.


Emily Hunt / WXXI News

The on-again, off-again agreement between Xerox and two major investors to settle a proxy fight is on again.

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