Business/Economy

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

Photo from Elmwood Village Association Website

The Elmwood Village remains a thriving and bustling commercial district in City of Buffalo. WBFO's Eileen Buckley and Buffalo News reporter Brian Meyer explore the successful of the Elmwood strip and what changes could be in store in this week's edition of Press Pass.

Sabres & city finalize purchase of Webster Block

Mar 8, 2013
File photo

The Buffalo Sabres and City of Buffalo have finalized the $2.2 million land sale of the Webster Block in downtown Buffalo, paving the way for the major HARBORcenter development.

WBFO News by photo Mike Desmond

The Buffalo Common Council's Legislation Committee on Tuesday approved requests for two new sidewalk cafes along Hertel Avenue. The committee also cleared the way for construction of a restaurant and apartment on Bailey Avenue. 

HealthNow CEO plans to retire

Feb 25, 2013
Photo provided by HealthNow New York

The President and CEO of HealthNow New York has announced he is making plans to retire. Alphonso O’Neil-White has held the position for 10 years, longer than any CEO in the 76-year history of the health insurer.  

HARBORcenter project passes three key tests

Feb 20, 2013

Sabres owner Terry Pegula's ambitious HARBORcenter project in downtown Buffalo received three major votes of approval Tuesday.

Scientists cleaning up nuclear waste sites in West Valley, South Carolina and the state of Washington have a process that turns the waste into glass logs and they all use a substance produced in a Jamestown plant.

City lawmakers are taking steps to crack down on so-called "problem stores" in Buffalo.

A deteriorating and vacant building in a high-visibility location in Niagara Falls may soon be a luxury hotel.

Chris Caya/WBFO News

If approved, shovels could be in the ground March 1 for the new HARBORcenter on the Webster Block in downtown Buffalo.

Toy maker Fisher-Price and its parent company Mattel delivered a big gift to the John R. Oishei Children's Hospital on Monday. The company's $3 million donation will help build a Family and Child Resource Center in the new facility.

Photo from Google Street view

The City of Buffalo may take after some of its suburbs and turn a confusing intersection into a roundabout. 


An economic summit will be held in Buffalo Tuesday that is designed to focus on the needs of the upstate workforce.   The Buffalo Niagara Partnership is hosting Accelerate Upstate 2.0  two at the Convention Center downtown.

Geico says it has plans to hire up to 800 workers in the Buffalo area this year.

WBFO News file photo

State Assemblyman Sean Ryan of Buffalo says the governor keep his word in proposing an extension of historic tax credits in his proposed budget plan.

Photo provided by New York Craft Malt

While smaller micro-breweries are becoming a growing part of the alcohol picture in this area, they usually don't rely on local sources for anything other than water.  But there's a growing supplier network feeding the breweries.

Chris Caya/WBFO News

Private and public sector employers across Western New York are being encouraged to support one another and boost the economy in the process through the Buffalo-Niagara Partnership's 'Buy Local Challenge.' 

chevrolet.com

General Motors unveiled its 2014 Corvette Stingray at the Detroit auto show. Every car will have an engine made by the GM Powertrain Plant in the Town of Tonawanda.

First Niagara Bank

Business executives across New York State are less confident about the economic situation and their expansion plans for the future.

Trader Joe's decides on Boulevard location

Jan 7, 2013

The popular grocery chain Trader Joe's has chosen a location in Amherst for its first store in the greater Buffalo region.

File photo

Business owners and employees of Buffalo bars and restaurants are breathing a sigh of relief with news that the National Hockey League and its players have reached a tentative deal on a new collective bargaining agreement.

Two food processing plants in Dunkirk and Silver Creek are slated to close, eliminating 375 local jobs.

Photo from NY Engery Highway Website

New York State is putting another $250 million  into alternative energy projects around the state, especially Upstate.

WBFO News file photo

A local developer is continuing to push a unique plan for revitalizing downtown Buffalo's central business district.

Rudnick retiring from influential Partnership

Dec 19, 2012
thepartnership.org

After more than 20 years on the job, Andrew Rudnick is retiring as President and CEO of the Buffalo Niagara Partnership.

Photo from St. John Fruit Belt Community Website

More new housing is going up near the Buffalo Niagara Medical Campus. State and local elected officials and religious leaders officially broke ground Friday, December 14, 2012 for 49-new townhomes at the corner of Maple and Virginia Streets in Buffalo.

File photo

A prominent Buffalo developer say he is disappointed to learn that Governor Andrew Cuomo will likely put his veto pen to the Historic Tax Credit bill. 

chevrolet.com

General Motors unveiled its new 2014 Chevrolet Silverado and GMC Sierra models Thursday. The engines for the new lines are being built here in Western New York. 

Attorney general files suit against FWS

Dec 10, 2012

New York's attorney general has launched a lawsuit against the owners of Buffalo-based FWS furniture company, which recently went out of business, costing customers thousands of dollars. 

WBFO News photo by Eileen Buckley

The future of downtown's largest building is uncertain.  HSBC Bank has announced that it will leave the HSBC Center as of early next year. 

WBFO News photo by Eileen Buckley

A big emphasize is being placed on supporting local merchants this holiday shopping season.  The tourism group Visit Buffalo Niagara is reminding citizens about our independent retailers and encouraging Canadians to head over the border for their Christmas shopping.

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