Business/Economy

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

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.

Chris Caya/WBFO News

Faced with changing church-going habits, some houses of worship are branching out to maintain their presence in the community. Some are renting space, while others are tackling economic development. 

YouTube.com

Five local Payless stores will be closing, as the shoe chain is the latest to chafe financially because of the continuing consumer shift from in-store shopping to online retailing.

Terrace at Delaware Park eatery opens in Marcy Casino

Mar 31, 2017
Michael Mroziak, WBFO

A new privately-run restaurant and bar is open for business inside the Marcy Casino in Buffalo's Delaware Park. The restaurant's partners, along with the mayor and leader of the Olmsted park system's administration gathered to celebrate the public-private partnership.


U.S. Embassy & Consulates in Canada

Ontario Premier Kathleen Wynne says she hopes New York State legislators will vote against Buy American provisions in their budget and warns that if they do not, she will consider "all options" in response.

Michael Mroziak, WBFO

Guests at one downtown Buffalo hotel may now find some of their room service requests fulfilled by a short, silver butler who doesn't work for tips. The Westin Buffalo on Thursday formally introduced what managers say is the first robot butler to be utilized in any hotel in New York State.


While Governor Andrew Cuomo has hailed his administration's multi-billion dollar economic development investment in Upstate New York, the number of jobs produced by the effort sits well below national averages. That's part of the findings from a series of reports led by Investigative Post. Editor Jim Heaney discussed the series with WBFO.


Wegmans

There are some changes in the executive ranks at Wegmans.

AAA of Western & Central New York

If you’re planning to embark on a road trip this summer, be prepared to pay more at the pump.

rendering from BNHT Architects

A vacant building in a struggling area will be getting a makeover, after approval from the city Planning Board. The $5 million project at Jewett Avenue and Halbert looks to build upon the successful development of the nearby Tri-Main Center.


New York plans to boost broadband infrastructure

Mar 24, 2017

The New York is looking to bridge the digital divide by bringing broadband access to every household in the Empire State by the end of next year. It would be the first state in the country to pull that off. Many poor and rural areas lack broadband. 

Click the audio player above to hear the full story.

Karen DeWitt

Proponents of raising taxes on New York’s wealthiest say they have a new impetus to increase the state’s revenue — the continued bad news from Washington about deep federal cuts to health care and other areas.


WBFO's Mike Desmond

Erie County Executive Mark Poloncarz is blasting the effects of proposed Trump Administration budget cuts on county spending and programs, from helping kids with lead poisoning to checking summer water quality at beaches. He calls the cuts "cold-hearted callousness" because of their effect on the average citizen.

Google Maps

Niagara Falls city government wants to make it a little easier for arriving tourists to get to some prime tourist attractions.

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