Business/Economy

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

WBFO file photo

Governor Cuomo is not pleased with the Republican House of Representatives tax overhaul plan, calling a key provision “double taxation” on some New Yorkers.


Michael Mroziak, WBFO

Officials in the Town of Tonawanda are seeking ideas and proposals to redevelop the idled Huntley power plant on River Road. In addition to restoring it as an economic contributor, local leaders want to prevent it from becoming a long-term waterfront eyesore.


Business First has released its CORE Strength issue, the fifth straight year the far-reaching findings have been published. "It's the value of all the construction projects that are in the pipeline for the eight Western New York counties this year," explained Jim Fink of Business First during his monthly appearance on WBFO's Press Pass. By his calculations, the projects represent $20.6 billion in regional investment, an increase of seven percent over 2016.


WS Development

Across the country, stores are closing and entire shopping malls are being shuttered. In Amherst, a major developer is planning to spend tens of millions of dollars to turn Northtown Plaza into a lifestyle mall. Some town officials see that as a vote of confidence in Amherst as a place to do business.

Wall Street profits are up by one-third over the same period last year, the New York state comptroller said.


Michael Mroziak, WBFO

A new job training center in Buffalo's Jefferson Avenue corridor promises skills education in various fields for youth and adults living with developmental disabilities.


New York Gov. Andrew Cuomo, in a conference call with California Gov. Jerry Brown, singled out two New York GOP congressmen for criticism after they voted for a budget measure that clears the way for a vote on the Republican plan to overhaul the tax system.


Many blue-collar jobs are morphing into “new-collar” opportunities that are technology-based, according to some workforce development experts.

It’s a seller’s market when it comes to Western New York real estate.

The state’s governor and senior senator teamed up Monday to urge New York’s congressional delegation to oppose a provision in the federal tax overhaul plan that they say could be harmful to the state’s taxpayers and economy.


Buffalo played host to a first-of-its kind travel and tourism summit, bringing national industry leaders to town. It was a chance for local tourism leaders to learn what they're doing right, and where there's room for improvement.


courtesy Invest Buffalo Niagara

It's official: the Buffalo-Rochester Metro Corridor has submitted its bid for online commerce and cloud computing giant Amazon's planned second North American headquarters, known as HQ2. This region is pitching its lower cost of living, workforce and readiness to move the company into the region. But it's up against fierce competition including three other bids from within New York State.


canstockphoto.com

When it comes to identity theft and fraud, New York has the dubious distinction of ranking as the ninth most vulnerable state in the nation.

Buffalo Rising

At the age of nine, Zandra Cunningham began her line of beauty products. Her remarkable eight-year rise through the business world is highlighted during WBFO's Press Pass.  Contributor DeChantell and Jessica Marinelli of Buffalo Rising also discuss the sustainability efforts of the Repair Cafe and the opening of Rowhouse Bakery and Restaurant, an ambitious culinary undertaking in downtown Buffalo.


The state’s comptroller is siding with Gov. Andrew Cuomo over concerns that federal health care cuts will damage New York’s budget, but he said the governor’s budget experts should have saved more money in rainy day funds.


Mike Desmond / WBFO News

Williamsville moved closer to another major housing project Thursday night, when the Village Board tentatively agreed to a land swap that will make way for a new apartment and townhouse complex.

Michael Mroziak, WBFO

Government and economic leaders in two Western New York cities believe that by joining in a strategic collaboration, they are raising the region's chances for attracting one of the most coveted economic development projects in recent memory, Amazon's proposed second North American headquarters.


The cities of Buffalo and Rochester have announced a collaborative effort to lure online retail giant Amazon to Western New York.

Gabe Altieri / WSKG News

New York’s Broadband for All program hopes to bring broadband speed internet to the entire state by the end of 2018. This has led to an opportunity for local companies in rural areas, who are taking advantage of the state funds to expand to underserved customers.

lendingtree.com

Buffalo-area residents are getting high marks for living within their means in a new national study.

The tax overhaul plan proposed by President Donald Trump and now being considered in Congress would end the deduction on federal income tax forms for state and local property taxes. Gov. Andrew Cuomo said it would disproportionately harm New Yorkers, where property taxes are among the highest in the nation, and he’s taken opportunities at recent public events to make the case against the plan.


Mike Desmond/WBFO

The city Preservation Board on Thursday unanimously rejected demolition permits for the buildings at Elmwood and Forest to make way for the Chason Affinity project. That refusal, however, may not put an end to the proposed development.


Mike Desmond/WBFO

The winners in the annual 43North business plan competition range from electronically testing milk to devices treating patients with kidney failure to a software platform for high-end barbers. The millions in awards were handed out as scrutiny increases on the competition which has struggled to identify startups capable of keeping jobs in Buffalo over the long term.


Mike Desmond/WBFO

The second phase of investment from the state's Buffalo Billion initiative will be directed downtown. However, Buffalo won't be the beneficiary; instead, the money will provide a boost to the downtowns of Gowanda, North Tonawanda, Lackawanna and Dunkirk. 


Info Niagara

Western New Yorkers are well familiar with helicopter rides over Niagara Falls. But Buffalo's waterfront has gained so much parkland, expanded marinas, restaurants and housing, soon it may get a heliport.

Whole Foods credit card system hacked

Sep 29, 2017
WBFO's Chris Caya

Whole Foods has been in Western New York for only about two weeks, but now the major grocery chain is reporting it has been hacked.

New York’s Democratic lawmakers are vowing to fight President Donald Trump’s tax overhaul proposal, perhaps even in court.


Erie County Executive's Office

Local officials and business owners came together for the signing of a new executive order that focuses on hiring local labor for large construction projects in Erie County.

Michael Mroziak, WBFO

Buffalo played host Wednesday to a conference on affordable housing at the Hotel Henry. During welcoming remarks, the mayor hinted of an upcoming plan to create such housing throughout his city.


WBFO's Mike Desmond

The chocolate just seems to stand out better against the revived and redecorated Parkside Candy store in North Buffalo. Public officials turned out Tuesday for the ribbon-cutting on a $250,000 rehabilitation of the sweets mecca.

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