Business/Economy

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

WBFO File Photo

A Western New York Congressman is throwing his support behind a bill that seeks to fill jobs with trained apprentices by offering federal tax credits to those who do the hiring.


Lyft

Lyft says it has already recruited thousands of potential drivers ahead of its upstate New York launch later this month.

Michael Mroziak, WBFO

A North Tonawanda business plans to boost its workforce in order to produce a new line of materials. New York State is offering some financial help to make it happen.


It's official: ride-hailing arrives Upstate 6/29

Jun 6, 2017

Upstate New York, your Uber is arriving.

At a cost of over $600 million, the SolarCity project in Buffalo's Riverbend section represents one of the costliest efforts ever for New York taxpayers. The costs, however, didn't stop with construction. After sifting through thousands of pages of documents, Charlotte Keith of Investigative Post has placed a spotlight on how the public has been footing the bill for a wide array of expenses.


WRVO's Ellen Abbott

A new report chronicles the issues facing undocumented workers at dairy farms across Upstate New York. The study contends that growth of the state's dairy industry in recent years has been achieved on the backs of immigrant farm workers who have few labor rights.

WBFO File Photo/Karen Dewitt

An annual competition that awards business startups up to one million dollars, as well as other incentives to develop in Buffalo, is now beginning the task of picking its 2017 winner. They'll continue to award startups much-needed cash boosts for years to come. One of Governor Andrew Cuomo's top economic development leaders explained why the program is working.


Mike Desmond/WBFO News

Re-use of the second floor of the old DL&W train terminal at the foot of Main Street could be delayed for a long time under budget plans from President Trump to slash transportation projects spending.


Albany is putting another $10 million into Jamestown's Downtown Revitalization Initiative. The plan encompasses 10 projects chosen through the Regional Economic Development Council system.


During a boat ride along Buffalo's waterfront, during which Governor Andrew Cuomo and other political leaders celebrated economic development, the head of Empire State Development announced that Moog Incorporated will soon spend million of dollars and create new jobs at two of its local sites.


Millions of dollars are being invested into development projects on Buffalo's East Side. While plans are crystallizing at the former site of Buffalo Forge on Broadway, it appears an overhaul of the Central Terminal has been put on hold.  As Business First's Jim Fink points out during WBFO's Press Pass, though the delay may disappoint some,  the overall development discussion provides a positive sign for an often overlooked part of the city. 


Mike Desmond/WBFO News

The public had a chance to look at renderings of the proposed $30 million sports complex in Hamburg last night. The plan has drawn great reaction, not all of which has been positive.


Michael Mroziak, WBFO

Hilbert College played host to a forum on online security in the workplace. While the event was planned weeks in advance, recent global attacks on networks - including one against Erie County Medical Center last month - made Wednesday morning's forum more timely.


Michael Mroziak, WBFO

A Canadian businessman and his local partners say they're still proceeding with plans to redevelop Buffalo's Central Terminal. Harry Stinson and his peers hosted a news conference at the East Side landmark Tuesday morning to offer their side of the story, two weeks after it was announced their developmental agreement would not be renewed.


courest Adam Sokol Architecture Practice (ASAP) PLLC

An idea is being pitched to preserve relics from Buffalo's history and encourage economic growth in the surrounding neighborhood by designating waterfront grain elevators as a national park.


Developer Stuart Alexander

Not only are millennials moving into important positions in our society and our economy, a prominent local developer says his newest project reflects millennial views on how to live.

3M

The world's largest sponge-making facility is located right here in Western New York - and now the 3M plant in Tonawanda is expanding.

Mike Desmond/WBFO News

A crowd interested in a new Hertel Avenue supermarket proposal filled North Park Lutheran Church to hear what is planned. Dash's Market will be tearing down its old building in North Buffalo to erect a brand new store.

National Public Radio

Six companies have agreed to pay nearly $4.2 million to New York State to settle allegations that they illegally sold tickets to concerts and other events.

WBFO's Chris Caya

A popular North Buffalo restaurant is marking a milestone. It was 40 years ago that Kostas Family Restaurant opened on Hertel Avenue. On Wednesday, the City of Buffalo proclaimed "Kostas Day."


Wegmans ties for America's favorite grocery store

May 10, 2017
Wegmans

Wegmans and Publix are America’s favorite grocery retailers, tying for first place in a consumer study of more than 12,700  shoppers conducted by the research firm Market Force Information.

One of the top issues remaining before the state Legislature adjourns for the summer is fixing problems in the state’s economic development contracts. That’s after a scandal led to federal corruption charges against nine former associates of Gov. Andrew Cuomo.


Discover Niagara Shuttle opens for second season

May 9, 2017
Michael Mroziak, WBFO

A complimentary transportation service that connected numerous tourist attractions in Niagara County is opening for its second season, expanding its list of destinations stretching from Niagara Falls to Youngstown.


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.


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