Business/Economy

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

Ashley Hirtzel / WBFO

A contest that bills itself as the world’s largest business plan competition announced the conclusion of its application process Monday. 43North attracted 6,932 applicants from across the world to take part in the competition in Buffalo, which includes applicants from all 50 states and 96 countries.

The Western New York economy is going to get another boost from the Niagara Power Project. More low-cost power will soon be flowing to support hundreds of local jobs.

BlueCross BlueShield moving 40 jobs to Buffalo

May 14, 2014
Ashley Hirtzel / WBFO

BlueCross BlueShield of Western New York announced Wednesday that 40 new jobs are coming to Buffalo. The company is moving the jobs from other company operations in Blue Bell, Pennsylvania to its Buffalo headquarters.

Ashley Hirtzel / WBFO News

A new study was released Monday to steer developers to historic buildings ready for re-purposing in downtown Buffalo. The ‘Preservation Ready Survey’ is expected to make it easier for developers to see which buildings are eligible for historic preservation tax credits and incentives.

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Aspiring entrepreneurs at the University at Buffalo will participate in a rapid-fire competition expected prepare them for pitching business ideas to potential financial backers. Seventy-five student teams will have 90 seconds to deliver their idea to a panel of six judges.

WBFO News photo by Eileen Buckley

Should Coca-Cola Field -- home to the Buffalo Bisons -- undergo a modernization?  That's the question recently explored by Buffalo News reporter Brian Meyer in an extensive news article.  WBFO'S Eileen Buckley discusses the future of the ballpark with Meyer in this morning's Press Pass conversation.

43North.org

The 43 North business plan competition is attracting people from around the world to Buffalo. Entrepreneurs, start-ups and teams from 56 countries and 48 states have applied to participate in the world’s largest business idea race.

Governor Cuomo hosted a second beer, wine, spirits, and now, cider summit, to showcase one of the state’s few growth industries.

Tax relief for manufacturers aims to boost NYS economy

Apr 3, 2014
Ashley Hirtzel / WBFO News

Manufacturing businesses in western New York can expect tax relief through this year’s state budget. The effort aims to improve the economic competitiveness of upstate New York.

Unemployment in the Buffalo Niagara region fell to 7.6 percent in February.  The State Labor Department says that's down from 8.8 percent one year ago. 

KeyBank closing ten area branches

Mar 26, 2014

KeyBank kas announced it will close ten area branches in July and August.

ConAgraFoods.com

As ConAgra Foods prepares to close its Carriage House plants in Fredonia and Dunkirk, Rep. Tom Reed says lawmakers are working hard to ensure other businesses don’t do the same.

Mortgage company expanding, adding 249 jobs

Mar 13, 2014

A local mortgage servicing company is planning a move and expansion that will nearly double its workforce.

Buffalo ranked most affordable city in America

Mar 11, 2014
Ashley Hirtzel / WBFO News

Buffalo has been named the most affordable city in America by Forbes magazine.

Mike Desmond/WBFO News

Manufacturing remains a key part of the local economy, with 50,000 jobs, 2,000 companies, and $5 billion in gross regional product. That's why Governor Cuomo is putting $45 million into the Buffalo Niagara Institute for Advanced Manufacturing Competitiveness.

Chris Caya/WBFO News

Governor Andrew Cuomo says it is a "big win" to have IBM as the anchor tenant in the new Buffalo IT Innovation and Commercialization Hub.

The Hearthstone Manor in Depew is closing its doors.

bizjournals.com/buffalo

Business First is out with its list of the most influential people in Western New York. Rep. Brian Higgins tops this year's Power 250 list.

43north.org

A new competition has been launched to encourage startup businesses from across the globe to grow in Western New York.

Chris Caya/WBFO News

The Buffalo Niagara Partnership and a bipartisan group of the region's state delegation are endorsing Governor Andrew Cuomo's business tax relief plan.

Local businesses cope with winter weather

Jan 7, 2014
Ashley Hirtzel / WBFO News

As the frigid temperatures and blowing snow move through western New York Tuesday many local businesses are still working hard. The restaurant Just Pizza says they’re delivering food to areas without driving bans.

WBFO News photos by Eileen Buckley

In this digital age, we often use the expression 'There's an app for that." As WBFO's Eileen Buckley, reports Liberty Yellow Cab in Buffalo has a smartphone app to inform customers their ride is on its way.


Crosby tapped as First Niagara President and CEO

Dec 19, 2013

A man who oversaw a five-year revamp of the Buffalo Public Schools' operations and finances is the new President and Chief Executive Officer at First Niagara Financial Group.

File photo

Uniland Development has received $9.6 million in tax breaks from the Erie County Industrial Development Agency for a major project at a high-profile intersection in downtown Buffalo. 

Chris Caya/WBFO News

Uniland Development's tax break request for a new office building in downtown Buffalo has one more hurdle to clear.

ECIDA grants tax breaks to Delaware North HQ

Nov 18, 2013
File photo

The Erie County Industrial Development Agency voted unanimously Monday morning in favor of sales tax abatements for planned new corporate headquarters for Delaware North Companies.

Uniland Development will submit a revised application for financial incentives to the Erie County Industrial Development Agency next week for its proposed Delaware North project. 

Ashley Hirtzel / WBFO News

A new business competition is expected to attract entrepreneurs from around the world to Western New York. The “Build It Buffalo” business plan competition is expected to be the most ambitious the United States has ever seen.

State tax credits are helping a Southern Tier cheese manufacturer expand its operations.

Courtesy of Buffalo Niagara Medical Campus

The Cuomo administration is looking into creating a nanotechnology sector in Buffalo.

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