Business/Economy

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

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.

Alfred Angelo

Calling all brides-to-be. Alfred Angelo is liquidating the last of its bridal gowns.

WBFO file photo

It’s just over a week until the state budget is due, and there’s no resolution on an array of proposed new taxes and spending proposals, as well as several unrelated items that are tied to the budget.


Buffalo Niagara Medical Campus

Many small businesses owned by minorities, women and veterans have limited opportunities to network with larger corporations. This barrier can prevent owners from taking their enterprises to the next level.

Google Maps

An organization that fosters public-private partnerships to enhance tourism in the City of Niagara Falls envisions the conversion of long-abandoned buildings at a high-traffic intersection into a mix of residential and business incubation space. The developer designated to rework numerous plots along Niagara Street is awaiting word whether they'll be granted tax breaks that will help the Niagara Global Tourism Institute realize its vision.


Mike Desmond / WBFO News

So far this year, nearly 500 foreclosure applications have been filed in Erie County. That is why County Clerk Mickey Kearns has been pushing so hard for his program to tell people they do not have to move out and to help local governments deal with the notoriously complicated foreclosure process.


Walden Galleria

Add another name to the list of bankrupt retail chains.

Massachusetts Institute of Technology

Automation in the workplace has replaced many jobs, a trend that has adversely impacted low and moderate income earners.

Michael Mroziak, WBFO

With numerous elected officials from the City of Buffalo and New York State present, developers cut a ceremonial ribbon Friday afternoon inside a long-neglected downtown building that is now home to a dozen single- and double-bedroom apartments. 

WBFO file photo

As Toys R Us prepares to close its doors for good, many customers are scrambling to return unused gift cards.

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