Business/Economy

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

courtesy John Cappellino, ECIDA

Just behind the old Big Tree fire hall, the Buffalo Southern Railroad runs over a culvert carrying Rush Creek under the rail line. Years of high water have begun to damage the culvert and plans are now being formed to tackle the complex repair.


Mike Desmond/WBFO News

While the state Department of Transportation has an elaborate $36 million plan to renovate the Buffalo Skyway, Congressman Brian Higgins wants to shift direction.


WBFO's Mike Desmond

Erie County Executive Mark Poloncarz says the Buffalo Metro area has added 20,000 private sector jobs in the last five years and that is nice, but he wants more. He told an audience at Daemen College Monday his "Initiatives for a Smart Economy" is being upgraded to version 2.0.

Michael Mroziak, WBFO

Ground was broken Monday morning on what will be two apartment buildings in Buffalo's Jefferson Avenue Corridor. Some of the apartment units will be home to people living independently with developmental disabilities.


WBFO file image

Kaleida Health is announcing that a Buffalo-based deli will open a new location inside the new John Oishei Women and Children's Hospital.


Michael Mroziak, WBFO

The announcement of a new movie theater coming to downtown Buffalo next year has the leader of a local not-for-profit celebrating another step in a neighborhood that has made a dramatic turnaround over the past three decades.


Edwin LoVallo

Vincent LoVallo is an Uber driver. Yes, it is the same Vincent LoVallo who used to be Buffalo’s streets commissioner, mayoral chief of staff and City councilmember. He said ride-hailing coming to Buffalo is similar to when food trucks first came to the area.

WBFO's Mike Desmond

More and more people are crossing the Peace Bridge more quickly by using those Nexus passes, especially the cross-border commuters of summer.

Buffalo startup lands major client

Aug 16, 2017
clearviewsocial.com

A Buffalo-based software startup, founded three years ago, has landed a major regional client. The company's founder hopes this partnership serves as an example to other bigger businesses, by encouraging them to help other smaller companies get off the ground.


National Public Radio

Factory activity in New York State surged this month to the highest level in nearly three years.

Budwey's to be purchased by Market in the Square owner

Aug 14, 2017
Michael Mroziak, WBFO

Budwey's, a locally-owned supermarket and longtime fixture in North Tonawanda, is being sold to another local grocer that is being praised for sharing similar business philosophies at his West Seneca store.


Michael Mroziak, WBFO

The City of Buffalo has named Next Street as the program operator of a small business advisory service named in honor of a longtime Buffalo Councilwoman.


Mike Desmond/WBFO News

Erie County Legislators are likely to vote later this month on a proposal from Legislator Ted Morton to require the county to buy goods that are "Made in America."


Sam Kmack, NY Now

There’s some good news and some bad news from the state comptroller’s office. The state’s nearly $200 billion pension fund is doing well, thanks in part to the booming stock market, but there are some worrisome signs for the future of New York’s finances.


Michael Mroziak, WBFO

The Cuomo Administration is celebrating a milestone in the state's film tax credit program. It says one million hires have been supported by the program. While those jobs are mostly temporary, local individuals with close ties to the film industry say it is making a positive economic impact.


Michael Mroziak, WBFO

The Buffalo Passport Agency is expanding. Officials say the downtown office is becoming an increasingly important center for passport processing and now draws customers from other cities including Cleveland, Pittsburgh and New York City.

  

Amherst Chamber of Commerce

After 35 years, the Amherst Chamber of Commerce  is getting a new President.

WBFO's Mike Desmond

It is not just that old industrial buildings in Buffalo are being converted for other uses, mostly housing. A new coffee house in the Old First Ward is benefiting from nearby new housing, as well as city natives returning here with ideas from other places.

Can passenger trains power Buffalo's economy to the next level?

Aug 7, 2017
Eileen Elibol

Many in Western New York have been talking about expanding public modes of transportation as a way to boost the economy and better connect residents and visitors. Expanded bus service, rapid transit and passenger trains are all on the table. Most recently, Niagara Falls opened an expanded new Amtrak station and Buffalo decided to locate its new station in downtown. WBFO's Marian Hetherly and Eileen Elibol decided to take the 45-minute train from Depot Avenue in the Falls to Exchange Street in downtown Buffalo for insight from the employees and passengers who ride the rails.


Michael Mroziak, WBFO

Three organizations with ties to Canalside, including two that are in the planning or construction phases of future facilities along Buffalo's waterfront, are receiving state grants to help with capital needs. State Senator Chris Jacobs was at Canalside Friday morning to announce the funding.


WBFO News file photo

Buffalo Mayor Byron Brown is very confident Tesla CEO Elon Musk will keep his promise to open SolarCity in south Buffalo with the hopes of creating a total of 3,000 jobs in the future.  WBFO's senior reporter Eileen Buckley has reaction from the Mayor after Musk held a conference call earlier this week with investors.    

Michael Mroziak, WBFO

Gov. Andrew Cuomo and several other elected and government leaders drew some laughs, but also some praise as they announced another state investment in the National Comedy Center, which is currently undergoing construction in downtown Jamestown.


The Dow hit 22,000 for the first time Wednesday after a better-than-expected earnings report from Apple sent stocks soaring yesterday.

Here & Now‘s Jeremy Hobson speaks with CBS News’ Jill Schlesinger (@jillonmoney), host of “Jill on Money” and the podcast “Better Off,” about what that means for people investing in the market.

Company officials are calling it "Amazon Jobs Day" as the on-line retailing giant, Amazon, seeks to fill 50,000 jobs nationwide. A recruitment event this morning at Salvatore's on Transit Road, says spokesperson Kayla Hanson, will look to fill "hundreds" of positions at the local Amazon fulfillment center that is scheduled to open in September.


WBFO's Mike Desmond

Not surprisingly, some businesses are supporting National Grid's request to raise electric delivery rates while citizens and citizen groups are opposed. That became apparent at Tuesday afternoon's Public Service Commission hearing at Buffalo's Central Library.

NYS authorizes 5 more marijuana dispensaries

Aug 2, 2017

New York State has authorized five more organizations to manufacture and dispense medical marijuana to improve patient access to dispensing facilities across the state.

Michael Mroziak, WBFO

Three hospitals in Niagara County are receiving state money for various capital projects.

WBFO News file photo /

A cyberattack on the Erie County Medical Center's computer system could end up costing the hospital millions of dollars. As WBFO's Chris Caya reports, ECMC decided to bear the cost rather than paying a ransom.

Mike Desmond / WBFO News

With 400 garden writers set to visit the region, Buffalo is building a reputation - one that contrasts with the nationally-accepted image of a city that endures endless winters. During his monthly appearance on WBFO's Press Pass, Jim Fink of Business First outlined how Visit Buffalo Niagara is highlighting  local tourist opportunities for garden lovers.


M&T Bank

A regulatory matter involving M&T Bank, raised four years ago amidst a major bank acquisition, was formally resolved Thursday when the Federal Reserve lifted a "letter of agreement" related to it.


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