Business/Economy

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

Michael Mroziak, WBFO

New York State is considering the end of the minimum wage tip credit system and requiring employers pay all tipped employees the same minimum wage as those who do not earn tips. Tuesday in Buffalo, representatives of the Labor Department heard testimonials from people who have sharply divided opinions about the system.


WBFO File Photo

Since his purchase of Buffalo's tallest building, Washington-based developer Douglas Jemal has promised to bring new life to One Seneca Tower. That rebirth appears to be ahead of schedule. Appearing outside Monday's meeting of the city Planning Board, attorney Adam Walters says the project is moving forward at a "breakneck pace."

There was plenty of criticism from Southern Tier residents Monday night during an informational meeting about a planned wind turbine project for the towns of Arcade, Centerville, Farmersville, Freedom and Rushford.

A tumultuous week for Xerox has resulted in another surprising turn of events. Late Thursday night, Xerox released a statement saying that its current board and management team will stay in place, after a settlement agreement it had reached with two activist shareholders has expired.

Citizens for Regional Transit

Improving Amtrak passenger train service into and out of this region is almost as important as improving the connecting Metro Rail service. That from a meeting Tuesday night sponsored by Citizens for Regional Transit.


Emily Hunt / WXXI News

There’s a major shakeup at Xerox in the wake of the recent fight over the control and direction of the company by two major investors.

Updated at 3:07 p.m. ET

T-Mobile and Sprint have reached a "definitive agreement" to merge in an all-stock deal, which would create a new company with a total value of $146 billion, based on current stock prices.

Dresser-Rand

The union representing 250 machinists at Dresser-Rand in Wellsville have approved an extended contract that increases severance benefits as the plant prepares to close. It also has an updated timeline for layoffs.

Mike Desmond / WBFO News

A section of one of Buffalo's many old industrial buildings now houses a defense contractor that came here to take advantage of the labor pool and the engineers trained at the University at Buffalo.

Nick Lippa / WBFO News

Wegmans has some concerns about Gov. Andrew Cuomo’s proposal this week to ban single-use plastic bags.

It's been four years since state economic development officials announced an agreement to bring IBM to Buffalo. Using $50 million of Governor Cuomo's Buffalo Billion economic initiative, IBM agreed to locate in the city while promising to create 500 new jobs. On WBFO's Press Pass, Charlotte Keith of Investigative Post reviews the project which is not living up to the promise of creating high-tech, high-paying positions.

WBFO file photo

The developer looking to reopen the Market Arcade Cinemas is scheduled to meet the Buffalo Preservation Board Thursday, with the hope of gaining approval to install exterior signage and move the project closer to a planned summer completion and opening.

Bon-Ton Eastern Hills

Bon-Ton has announced it will closed its doors on Aug. 31. The going-out-of-business sales will start as early as Thursday at Bon-Ton stores.

Bon-Ton Stores to be liquidated

Apr 17, 2018
Bon-Ton Eastern Hills

It appears no one wants to re-open Bon-Ton.

As a gateway to the city, Niagara Street for many years served as a sign of Buffalo's decline.  Much has changed in recent years. On WBFO's Press Pass,  Jim Fink of Business First says Niagara Street has been boosted by $120 million in private investment developments. Now, a Rochester-area developer is taking part in a project near Busti Avenue. "When you see out-of-town dollars coming in and investing in your city, that's a pretty significant milestone."

UB Photo

Employers in Buffalo may have violated laws regarding wages, hours, health and safety for low-wage workers. These findings are according to a new study published by UB law professor Nicole Hallett.

WBFO News file photo

ALBANY, N.Y. (AP) - A proposal introduced in the New York state Legislature would require training for hotel workers in how to recognize signs of human trafficking.

 

  The measure is sponsored by Assemblywoman Amy Paulin and Sen. Jesse Hamilton, both Democrats.

Supporters say trafficking victims are sometimes housed in hotels and motels, where they are forced into prostitution or other sexually exploitative acts.

VisitBuffaloNiagara

It's a list expected to generate heated debate. The "Delicious Dozen" are the 12 Erie County eateries selected by local tourism officials for the debut of the Buffalo Wing Trail. The concept looks to tap into the growing food tourism industry.


Seneca Nation sues over Thruway access

Apr 12, 2018
File Photo / Associated Press

Embroiled in a dispute over casino revenue and cigarette taxes, the Seneca Nation of Indians is adding another item to their list of grievances against New York State, claiming in a lawsuit that New York State Thruway access across the Seneca Nation land was  was never properly approved.

NOCO Energy Corp. is mourning the death of its former Chairman.

It has been talked about for a while -- how asking job candidates about their past salary can influence how much future employers will pay. Now Gov. Andrew Cuomo is taking more action on it.

Northland Streetscape work resumes today

Apr 9, 2018
Michael Mroziak, WBFO

Work resumes today on a full makeover for a street in one of Buffalo's East Side neighborhoods where an advanced manufacturing training center is being built.


Michael Mroziak, WBFO

The centerpiece of the $100 million redevelopment of Buffalo's Northland Corridor remains on schedule for completion and opening in August. Friday morning, leaders gathered to celebrate a construction milestone and encourage local citizens to step forward and take advantage of what they call a transformative project for the city.


grandislandny.us

The Grand Island Town Board has voted unanimously to change town zoning law in order to prevent the development of a truck stop. "To put something like that (the truck stop) in the middle of it would define Grand Island in a way we don't want to be defined," said Town Supervisor Nathan McMurray. 


Buffalo Rising

The Ignite Awards serve two purposes. They honor local women-owned businesses that are enjoying notable success. The awards ceremony hosted by the Women's Business Center also works to bring together female entrepreneurs with the services and connections needed to move their firms forward. During her monthly appearance on WBFO's Press Pass, Jessica Marinelli of Buffalo Rising profiled the award winners and discussed the promising trends for women in the business world.


File photo/courtesy Central Terminal Restoration Corporation

Western New Yorkers will be out Monday celebrating Dyngus Day, the Polish custom marking the arrival of Easter and the end of the Lenten season. A cherished landmark in Buffalo's East Side, the Central Terminal, will be one of many venues hosting Dyngus Day events. Its caretakers say they are still moving forward to bring new life to the former train station.


Google Maps

The company which has owned Eastern Hills Mall since 2003 now has its partner in place to begin a gradual transformation of the Clarence property into a mixed-use "town center." Amherst-based Uniland has become a co-owner of the property. The partners are reminding the public there's much more to do, though, before shovels go into the ground.


Mike Desmond / WBFO News

Downtown Buffalo would have been a very different place if it had been designated as the site of Amazon's second headquarters. That was the message Wednesday as officials unveiled more details of the joint Buffalo-Rochester proposal to secure the tech giant's HQ2.

Karen DeWitt

Budget talks are stalled one day before a self-imposed deadline of March 30th by Governor Cuomo and the state legislature. Meanwhile, groups left out of the detail expressed their dismay.


Mike Desmond / WBFO News

An East Side Buffalo landmark will be starting up again this summer, nearly three years after a massive fire.

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