Business/Economy

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

Elizabeth Miller

The New York Farm Bureau, the state’s largest agricultural lobbying and trade organization has released its annual list of budget priorities.

Mike Desmond / WBFO News

Pushed hard by Allentown residents, Buffalo's Common Council is now shoving back against the long and slow expansion of bars along Allen Street.

Colored Musicians Club

Prosperity Fellows are at the Colored Musicians Club Thursday and touring the Michigan Street African American Heritage Corridor - talking to entrepreneurs, non-profit leaders and other changemakers. It is part of an active effort to keep the people here who were educated in local colleges and universities.

National Public Radio

New York State will require all internet providers to observe net neutrality or risk losing their eligibility for state contracts.

Babies R Us

Toys R Us is planning to close about 180 stores across the country, including 1 in the Buffalo area, in a bid to restructure the company and emerge from bankruptcy protection.

Twitter

New York State could adopt its own version of net neutrality under legislation announced by state lawmakers.

Michael Mroziak, WBFO

Construction continues on the Northland Workforce Training Center in Buffalo's East Side, a project that many look upon as the anchor of broader Northland Corridor redevelopment. On Tuesday, elected officials, labor leaders and representatives of the financial community announced that millions of dollars in new markets tax credits are fueling the project, warning that federal tax reform has threatened the future use of such credits.


For decades, Women and Children's Hospital was central to life in the Elmwood Village.  Though the massive structure currently sits vacant, the property still stands as a key part of the neighborhood's future. During his monthly appearance on WBFO's Press Pass, Jim Fink of Business First outlined developers' plans to transform the site into hundreds of residences.


M&T Bank

With the music of the Buffalo Philharmonic Orchestra and the singing of the Westminster Presbyterian Church choir, the community remembered M&T Bank Chairman Robert Wilmers, who died in December at the age of 83.

Eileen Buckley / WBFO News

M&T Bank Chairman Robert Wilmers was remembered during a memorial service Monday, but one of the bank's top officials says his way of running the bank and the way he treated people both inside and outside the bank will continue.

Michael Mroziak, WBFO

The Erie Canal Harbor Development Corporation has awarded a contract to an engineering firm that will be responsible for overseeing numerous elements of a forthcoming construction in Buffalo's Canalside.


Apple

If at first you don't succeed.... Erie County Legislature Minority Leader Joseph Lorigo says Apple may a better fit for Western New York than Amazon.

Mike Desmond / WBFO News

You can't see it from Genesee Street in Cheektowaga, but might see it from an airplane flying in or out of Buffalo Niagara International Airport. Calspan unveiled its new $20 million automotive crash-test facility Thursday.

Small Business Administration

The head of the federal government's Small Business Administration is coming to Buffalo Friday to meet with local small business owners while raising awareness of her agency and the services they offer beyond loans.

A report by Gov. Andrew Cuomo’s tax department lists ways that New Yorkers could get around the loss of some of their state and local tax deductions under the new law. But all of them come with complications.


Labatt parent company announces new CEO

Jan 17, 2018
North American Breweries

North American Breweries, parent company of Labatt beer, has announced a new CEO.

Governor Cuomo's Flickr feed

Gov. Andrew Cuomo unveiled a $168 billion budget plan that would close an over $4 billion gap by reducing some spending and imposing tax increases on health insurers, big businesses and prescription opioid users, among others. Cuomo said he also wants to look into legalizing marijuana in New York.


Governor's Office

Gov. Andrew Cuomo delivers his budget Tuesday, and the news is not expected to be good.


Easing the burdens of New York State's taxes and regulations, increasing bed tax allocations to a local tourism agency and renegotiating - not repealing - the North American Free Trade Agreement. Those are just a few of the many items spotlighted on the Buffalo Niagara Partnership's annual Advocacy Agenda, released this week.


Sam's Club

The Sam’s Club store in Jamestown is closing January 26, just one of 63 Sam’s Club stores across the U.S. to close.

Michael Mroziak, WBFO

KeyBank and its partner the First Niagara Foundation announced Thursday they are donating half a million dollars to Explore & More Children's Museum's ongoing construction project on Buffalo's waterfront.

 

It turns out that New York is the big winner when it comes to daily fantasy sports.

Architectural Resoirces

The debate continues over the future of Ascension Church, the landmark Linwood Avenue structure which the Episcopal Diocese wants to turn into senior housing. Common Council members on Tuesday heard disparate viewpoints on the $7 million proposal.

New York State Attorney General's Office

An investigation is underway into whether some propane companies engaged in price-gouging during the recent cold spell while others left customers freezing in their homes because of shoddy delivery service, New York State Attorney General Eric Schneiderman told the Associated Press on Tuesday.

Kodak

Kodak stock soared Tuesday, rising 119 percent, or $3.70 a share,  closing at $6.80, after the company said it is getting into the digital licensing and cryptocurrency market.

Karen DeWitt

Republicans in the State Senate say, despite the over $4 billion structural deficit, taxes need to be cut further and a property tax cap must be made permanent.


Buffalo Rising

Large development projects like John R. Oishei Children's Hospital helped to change the face of Buffalo in 2017. While big projects continue in 2018, some smaller, niche startups are bringing flavor to city neighborhoods. On WBFO's Press Pass, DeChantell and Jessica Marinelli of Buffalo Rising discuss two such efforts: an artisan-tailored butchery on Grant Street and a plant-based cafe and market.


Monday was the first full day of session in the New York State legislature, and lawmakers have a lot to contend with, including a multi billion dollar budget deficit.


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.

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