Business/Economy

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

Equifax.com

In light of the recent massive data breach at the credit reporting company Equifax, Gov. Andrew Cuomo’s administration is taking steps to make sure that in the future, the credit agencies have better cybersecurity in place.


The retail landscape has changed dramatically in recent years, and Toys R Us has been trying to maintain its foothold in the industry amid a heavy debt load and the rise of online shopping.

Late Monday, the largest U.S. toy chain filed for Chapter 11 bankruptcy protection in Richmond, Va. The move had been expected.

The Buffalo region has made it on the top 10 list of most recovered housing markets in the nation.

Graphic Controls to move 43 jobs into downtown Buffalo

Sep 15, 2017
Michael Mroziak, WBFO

Graphic Controls is moving jobs from a closing out-of-state operation into Buffalo, with some help from New York State's Excelsior program.

National Public Radio

Increasingly, American companies rely on parts from overseas to reflect prices, quality or supply. That can get complicated because of trade rules, financing issues and differing quality rules among nations. However, for American companies to have a solid future, they must export to other available markets.

New York State Thurway Authority

Gov. Andrew Cuomo said New Yorkers who use the state Thruway will have a bit of a wait before more cashless tolling is installed on the nearly 500-mile tolled portion of the road.


Michael Mroziak, WBFO

A company founded three years ago as a startup is announcing a new phase of its operation, and settling into a bigger space on Delaware Avenue.

University at Buffalo

Nearly 400 eager minds came out for the first annual Entrepreneurs Festival hosted at University at Buffalo’s North Campus Thursday. The summit, sponsored by Blackstone LaunchPad at UB, was an opportunity for students and community members to gain more information on entrepreneurship.

Michael Mroziak, WBFO

One industry's waste water is another's ideal resource to grow its supply. A new partnership pairs a Chautauqua County beverage maker with a fish growing operation that will use by-products from the former to help feed the stock that will, one day, be served to a hungry customer.


Marketplace

Erie County is competing in one of the great corporate gold rushes: the fight to grab Amazon's new $5 billion corporate home and potentially 50,000 jobs averaging $100,000 a person.

WBFO's Mike Desmond

Erie County Executive Mark Poloncarz has a week to decide if he wants to approve a local law giving 'Made in America' preference to contracts over $10,000, then send it to the voters for a decision.

Blame Hurricane Harvey for higher gas prices

Sep 7, 2017
WXXI's Alex Crighton

New York gas prices have risen 27 cents a gallon in just the past week and there is no real relief in sight, especially with Hurricane Irma making landfall.

Michael Mroziak, WBFO

A "golden brick" ceremony was held Wednesday afternoon at the site of the former Great Atlantic and Pacific Tea Company warehouse in Buffalo's Larkinville neighborhood. The building, built in 1910, is being converted into a mixed-income apartment complex.


New York State

Although upstate regions continue to struggle, New York State had more jobs last year than at any time since the Great Recession, according to a new report on employment published Monday by New York State Comptroller Thomas DiNapoli.

WBFO File Photo

Though cashless tolls have yet to appear in Western New York, their possibilities are creating conversation among local officials. One elected leader believes the system could ease some of the long-term problems caused by the Williamsville toll booths.


courtesy John Cappellino, ECIDA

Just behind the old Big Tree fire hall, the Buffalo Southern Railroad runs over a culvert carrying Rush Creek under the rail line. Years of high water have begun to damage the culvert and plans are now being formed to tackle the complex repair.


Mike Desmond/WBFO News

While the state Department of Transportation has an elaborate $36 million plan to renovate the Buffalo Skyway, Congressman Brian Higgins wants to shift direction.


WBFO's Mike Desmond

Erie County Executive Mark Poloncarz says the Buffalo Metro area has added 20,000 private sector jobs in the last five years and that is nice, but he wants more. He told an audience at Daemen College Monday his "Initiatives for a Smart Economy" is being upgraded to version 2.0.

Michael Mroziak, WBFO

Ground was broken Monday morning on what will be two apartment buildings in Buffalo's Jefferson Avenue Corridor. Some of the apartment units will be home to people living independently with developmental disabilities.


WBFO file image

Kaleida Health is announcing that a Buffalo-based deli will open a new location inside the new John Oishei Women and Children's Hospital.


Michael Mroziak, WBFO

The announcement of a new movie theater coming to downtown Buffalo next year has the leader of a local not-for-profit celebrating another step in a neighborhood that has made a dramatic turnaround over the past three decades.


Edwin LoVallo

Vincent LoVallo is an Uber driver. Yes, it is the same Vincent LoVallo who used to be Buffalo’s streets commissioner, mayoral chief of staff and City councilmember. He said ride-hailing coming to Buffalo is similar to when food trucks first came to the area.

WBFO's Mike Desmond

More and more people are crossing the Peace Bridge more quickly by using those Nexus passes, especially the cross-border commuters of summer.

Buffalo startup lands major client

Aug 16, 2017
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.


Pages