Business/Economy

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

Michael Mroziak, WBFO

Several months after Empire State Development announced plans by a New York City-based company to create hundreds of jobs in the Buffalo area, the ribbon was cut on its new offices. Strategic Financial Solutions, with the help of incentives from New York State, aims to create 1,500 jobs over the next five years.


National Public Radio

The Federal Communications Commission voted Thursday to end rules making the internet open to all - what is called net neutrality - and by the end of the day, New York State Attorney General Erie Schneiderman said, "See you in court."

Karen Dewitt File Photo / WBFO News

A ceremony to award economic development grants to regions of the state was overshadowed by developments on the federal tax overhaul plan in Washington, as the House and Senate announced agreement on a final plan to be voted on as early as next week.


Andrew Young

After seeing his grandmother burn herself on a toaster, Andrew Young had an idea. It led to an invention: the "Toaster Shooter." It's now a $250,000 winner.

courtesy governor.ny.gov

Gov. Andrew Cuomo and other state leaders on Wednesday gathered in Albany to announce an estimated $800 million in awards for the state's Regional Economic Development Councils. Western New York will receive $68.8 million for more than 100 projects.


LaunchNY.org

Where do you go if you've got a great idea for a new product or business but need advice on how to get started? And how to fund your dream? A local organization is giving entrepreneurs across the region a leg up.

Many parents will likely see the word “Fingerlings” at the top of their child’s holiday gift wish list this year. However, at the top of the Better Business Bureau's list is a warning.

The Buffalo Niagara International Airport scored a victory when Frontier Airlines decided to provide service there. According to Jim Fink of Business First, the discount air carrier was also being pursued by airports in Rochester and Syracuse. Fink says Frontier will fill an area need when it begins flying from Buffalo to Denver.


Michael Mroziak, WBFO

Business leaders and local elected officials were both celebrating the announcement Monday morning that for the first time in seven years, flights directly to Albany will again be available from the Buffalo Niagara International Airport.


County leaders across New York are the latest to complain about the tax overhaul plan now being crafted in Congress. They predict higher taxes for many New Yorkers, declining home prices and slowed economic growth.

Michael Mroziak, WBFO

Niagara Frontier Transportation Authority officials celebrated the first day of service Wednesday by Frontier Airlines at the Buffalo Niagara International Airport. The carrier will provide service to four Florida cities while offering passengers to choose and pay based on the level of their needs.


One of the region's largest construction companies is downsizing its operations, with LPCiminelli announcing it is closing its general contracting business.

One of the biggest challenges that Gov. Andrew Cuomo and state lawmakers will face in 2018 is balancing the state’s budget, which already has a structural deficit of more than $4 billion. On top of that, federal changes to taxes and health care could cost the state billions more in lost funding.

A new survey says that a majority of New York State residents plan to keep their holiday spending budgets pretty level with what they spent last year.

gov.ca.gov

The governors of New York, California and New Jersey on Monday strongly condemned the GOP tax bill now before Congress, saying it is unfair to their states and will wreak havoc on the U.S. economy.

Chris Caya WBFO News

A free shuttle service has given some local businesses a shot in the arm. A new report shows the Discover Niagara Shuttle had a $35 million economic impact in Niagara County in 2016.

File Photo / WBFO News

While it may seem as if there is a lot of vacant land around Western New York for potential industrial development, the experts say Erie County is developing a shortage.

Mike Desmond/WBFO

Housing prices in Buffalo are rising to the point prices are going up in some neighborhoods with traditionally lower prices. Council member Richard Fontana is seeing that in his Lovejoy district, where he's the elected representative and a longtime realtor.


Preservation Board allows for Rumsey Road demolition

Nov 27, 2017
Mike Desmond/WBFO

Often the subject of controversy, home demolitions in the city of Buffalo have been common occurrences in recent years. Now, a demolition recently approved by the Preservation Board is drawing attention. It's taking place on Rumsey Road, home to some of Buffalo's finest houses.


Holiday Valley opens today

Nov 24, 2017
Holiday Valley

The region's skiers have reasons to be thankful this weekend: Holiday Valley has opened five slopes and two lifts today.

Mike Desmond/WBFO

More change is coming to Hertel Avenue. A decaying gas station at the intersection with Parkside Avenue will be removed to make way for a five-story, mixed-use development.


Mike Desmond/WBFO

Buffalo City Hall is making it easier to shop in the city for this hard-core shopping weekend.


Mike Desmond/WBFO

The annual public hearing is perhaps the most high-profile event in Erie County's budget process. The session Tuesday drew another large crowd as interested parties shared their views of the spending plan prepared by Erie County Executive Mark Poloncarz.


There are a lot of uncertainties in trade, from the North American Free Trade Agreement to its effects on cities and rural areas. One corporate veteran shared his insight at a recent annual meeting of the World Trade Center Buffalo Niagara.

Starting this week, the New York State Labor Department is accepting comments on proposed new regulations for employee scheduling.

WBFO file photo

Now that the U.S. House of Representatives has voted for a tax overhaul plan that some state leaders say will harm New York, the action moves to the Senate, where a vote is expected after Thanksgiving.


Tianna Manon / WXXI News

The holiday season is getting underway, and many parents have already begun shopping. But Judy Braiman of Empire State Consumer Project has a warning about some of this year’s popular toys and gifts.

Gov. Andrew Cuomo is slamming the tax overhaul plan passed Thursday by the House of Representatives, saying it will be “poison” to New York.


Terrance Young

Kitchen connoisseurs know firsthand that it takes considerable effort to develop strong culinary skills.

Two reports issued in recent days indicate that Gov. Andrew Cuomo may be facing his most difficult budget in seven years.


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