Business/Economy

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

Northland Workforce Training Center

The City of Buffalo has always been considered a blue-collar town. However, with many in the baby-boom generation at or nearing retirement, there is a need to introduce and educate a younger generation to jobs that will be available in the coming years.

Michael Mroziak / WBFO News

With the new federal tax law in place, local developers are breathing a sigh of relief that it wasn't worse for them. There had been a concern historic preservation tax credits would be abandoned and this method of early financing has been key in adaptive reuse of many older buildings in Buffalo.

Classic Fence consumer complaints settled by AG

Jan 3, 2018
Classic Fence and Lumber

The New York State Attorney General's Office says it has reached a settlement with an Amherst fence company that bilked New Yorkers out of $50,000.

WBFO file photo

Even with the passage of 35 years, Noel Varela has all-too-vivid memories of December 27, 1982. On this day, Bethlehem Steel announced plans to shut down nearly all steelmaking operations at its Lackawanna Plant within six months.

National Public Radio

Republicans in Congress had a major victory Tuesday, passing the president's tax program. Democrats were unable to block the bill before it went to the Senate. However, the bill will go back to the House for a second vote Wednesday because of changes mandated by arcane Senate rules, but it is expected to make it to the president's desk.

Gov. Andrew Cuomo, who’s vowed to lead a campaign against the state’s Republican Congressional representatives in the 2018 elections, has spent the final weeks of 2017 feuding with them over their votes on the federal tax overhaul bill.


Local developers have been watching Washington carefully, as Republicans in the two houses put together their tax bill, with potentially devastating effects on local development.

National Public Radio

New York Gov. Andrew Cuomo, who has instituted a minimum wage increase for most workers in the state, now wants to extend that rate to tipped workers, including wait staff and car washers. That news is causing a backlash from restaurant owners and small business groups.


Michael Mroziak, WBFO

Several months after Empire State Development announced plans by a New York City-based company to create hundreds of jobs in the Buffalo area, the ribbon was cut on its new offices. Strategic Financial Solutions, with the help of incentives from New York State, aims to create 1,500 jobs over the next five years.


National Public Radio

The Federal Communications Commission voted Thursday to end rules making the internet open to all - what is called net neutrality - and by the end of the day, New York State Attorney General Erie Schneiderman said, "See you in court."

Karen Dewitt File Photo / WBFO News

A ceremony to award economic development grants to regions of the state was overshadowed by developments on the federal tax overhaul plan in Washington, as the House and Senate announced agreement on a final plan to be voted on as early as next week.


Andrew Young

After seeing his grandmother burn herself on a toaster, Andrew Young had an idea. It led to an invention: the "Toaster Shooter." It's now a $250,000 winner.

courtesy governor.ny.gov

Gov. Andrew Cuomo and other state leaders on Wednesday gathered in Albany to announce an estimated $800 million in awards for the state's Regional Economic Development Councils. Western New York will receive $68.8 million for more than 100 projects.


LaunchNY.org

Where do you go if you've got a great idea for a new product or business but need advice on how to get started? And how to fund your dream? A local organization is giving entrepreneurs across the region a leg up.

Many parents will likely see the word “Fingerlings” at the top of their child’s holiday gift wish list this year. However, at the top of the Better Business Bureau's list is a warning.

The Buffalo Niagara International Airport scored a victory when Frontier Airlines decided to provide service there. According to Jim Fink of Business First, the discount air carrier was also being pursued by airports in Rochester and Syracuse. Fink says Frontier will fill an area need when it begins flying from Buffalo to Denver.


Michael Mroziak, WBFO

Business leaders and local elected officials were both celebrating the announcement Monday morning that for the first time in seven years, flights directly to Albany will again be available from the Buffalo Niagara International Airport.


County leaders across New York are the latest to complain about the tax overhaul plan now being crafted in Congress. They predict higher taxes for many New Yorkers, declining home prices and slowed economic growth.

Michael Mroziak, WBFO

Niagara Frontier Transportation Authority officials celebrated the first day of service Wednesday by Frontier Airlines at the Buffalo Niagara International Airport. The carrier will provide service to four Florida cities while offering passengers to choose and pay based on the level of their needs.


One of the region's largest construction companies is downsizing its operations, with LPCiminelli announcing it is closing its general contracting business.

One of the biggest challenges that Gov. Andrew Cuomo and state lawmakers will face in 2018 is balancing the state’s budget, which already has a structural deficit of more than $4 billion. On top of that, federal changes to taxes and health care could cost the state billions more in lost funding.

A new survey says that a majority of New York State residents plan to keep their holiday spending budgets pretty level with what they spent last year.

gov.ca.gov

The governors of New York, California and New Jersey on Monday strongly condemned the GOP tax bill now before Congress, saying it is unfair to their states and will wreak havoc on the U.S. economy.

Chris Caya WBFO News

A free shuttle service has given some local businesses a shot in the arm. A new report shows the Discover Niagara Shuttle had a $35 million economic impact in Niagara County in 2016.

File Photo / WBFO News

While it may seem as if there is a lot of vacant land around Western New York for potential industrial development, the experts say Erie County is developing a shortage.

Mike Desmond/WBFO

Housing prices in Buffalo are rising to the point prices are going up in some neighborhoods with traditionally lower prices. Council member Richard Fontana is seeing that in his Lovejoy district, where he's the elected representative and a longtime realtor.


Preservation Board allows for Rumsey Road demolition

Nov 27, 2017
Mike Desmond/WBFO

Often the subject of controversy, home demolitions in the city of Buffalo have been common occurrences in recent years. Now, a demolition recently approved by the Preservation Board is drawing attention. It's taking place on Rumsey Road, home to some of Buffalo's finest houses.


Holiday Valley opens today

Nov 24, 2017
Holiday Valley

The region's skiers have reasons to be thankful this weekend: Holiday Valley has opened five slopes and two lifts today.

Mike Desmond/WBFO

More change is coming to Hertel Avenue. A decaying gas station at the intersection with Parkside Avenue will be removed to make way for a five-story, mixed-use development.


Mike Desmond/WBFO

Buffalo City Hall is making it easier to shop in the city for this hard-core shopping weekend.


Pages