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

Five companies join START-UP NY, pledge 123 jobs

Oct 21, 2014

Five companies affiliated with the University at Buffalo will be setting up shop as part of the state's START-UP NY tax incentive program.

Photo from Google Streetview Maps

In an earlier era, the building at Washington and  Virginia streets was home to a brewery.

Press Pass: Economic development on the rise

Oct 21, 2014

On WBFO's Press Pass, Jim Fink of Business First says his publication's recent study indicates that nearly $16.6 billion in economic development projects are underway throughout the eight counties of Western New York.

43North unveils 11 finalists, two from WNY

Oct 16, 2014
Ashley Hirtzel / WBFO

Eleven finalists were announced in the 43North business plan competition Thursday. The contestants are competing for $5 million in cash prizes, including a top award of $1 million dollars. Each of the competitor is guaranteed to receive a cash prize of at least $250,000.

Steel frame 'topped off' at 250 Delaware

Oct 10, 2014
WBFO News photo by Ashley Hirtzel

The final steel beam was put in place Friday morning for a major mixed-use complex in the heart of downtown Buffalo.

Standard and Poor's has significantly upgraded Erie County's credit rating by three steps, to AA-, its highest ever rating for the county.

Ashley Hirtzel / WBFO

Senator Charles Schumer is calling on the U.S. Army Corps of Engineers to complete its wetlands review of the former Bethlehem Steel site in Hamburg. The review stands in the way of possibly bringing FedEx to the region.

Chris Caya/WBFO News

More new jobs are coming to downtown Buffalo. Blue Bridge Financial has officially opened its new national headquarters in the Electric Tower on Washington Street.

Ashley Hirtzel/WBFO News

Direct international flight to two new destinations will now be offered at the Buffalo Niagara International Airport. Toronto-based Sunwing Airlines announced Tuesday it will offer non-stop flights to Punta Cana, Dominican Republic and Cancun, Mexico starting this winter.

New Cabela's store in Cheektowaga attracts thousands

Aug 7, 2014
Ashley Hirtzel / WBFO

The first Cabela’s store in New York State opened in Cheektowaga Thursday. Shoppers lined up by the thousands to get a glimpse of the new retail outdoor store.

Private group formed to advance Chippewa District

Aug 1, 2014
Ashley Hirtzel / WBFO

A private sector group has been formed to preserve and advanced the Chippewa District in downtown Buffalo. The Chippewa Alliance is comprised of representatives from various local businesses, including Key Bank, Uniland Development, Delaware North Companies, Eric Mower + Associates, Evergreen Health Services, North American Breweries (Labatt), Kenney Shelton Liptak Nowak LLP.

The State of New York has purchased the remaining 96 acres of what's known as the RiverBend site from the City of Buffalo for future development. 

Mike Desmond/WBFO News

A long-vacant landmark building in downtown Buffalo will soon be converted into a luxury hotel.

Tyson Foods

About 300 jobs will be lost when Tyson Foods closes its Buffalo plant on Perry Street next year.

Photo from DASNY Website

Minority and women-owned business are encouraged to learn more about bid opportunities and strategies later today. The Dormitory Authority of New York State will be in Buffalo Wednesday to host a business outreach and networking event at the Hyatt Regency.  The Dormitory Authority helps facilitate finance and construction.

Albany has agreed to provide $10 million worth of performance based incentives to help Praxair expand and modernize its Town of Tonawanda facility. Praxair, the largest industrial gases company in North and South America, had worldwide sales last year of $12 billion.

Chris Caya/WBFO News

New products are once again rolling out the door at Niagara Lubricant. Three years after the 91-year-old company's original factory in Black Rock was destroyed by fire, it has officially reopened in the former American Axel plant on East Delevan Avenue.

WBFO News photo by Eileen Buckley

The Community Foundation for Greater Buffalo hosted the F.B. Heron Foundation late last week. The Heron Foundation, a major investor to the Buffalo Niagara Medical Campus, is now exploring other possible investments opportunities in our region. WBFO's Eileen Buckley talked with Heron Foundation president Clara Miller about their strong interest in Buffalo.

Eight companies coming to Buffalo's START-UP NY zones

Jun 4, 2014
Ashley Hirtzel / WBFO

Governor Cuomo announced Wednesday that twelve companies are coming to New York State as a result of START-UP NY. Eight of those businesses are locating in START-UP NY zones in Buffalo.

Erie County to bank exclusively with M&T

Jun 4, 2014

Erie County will now exclusively do its banking with M&T Bank. Erie County Comptroller Stefan Mychajliw announced the $1.8 billion agreement Tuesday.

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.

AGmakonts / Some Rights Reserved

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.

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.