Business/Economy

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

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.

Elizabeth Miller

New York has allotted $50 million in grant funding for water quality projects on livestock farms in the state.

WBFO File Photo

A delegation of lawmakers and first responders will head to Albany Wednesday morning, seeking a state certification allows an emergency services company to operate throughout Niagara County.


Michael Mroziak, WBFO

The City of Buffalo is marking Minority and Women Owned Business Week. Several events are planned to help stimulate entrepreneurship.


WBFO's Chris Caya

Northtown Plaza in Amherst will be welcoming more big-name stores, as it continues to transform itself.

Chris Caya WBFO News

What's billed as the largest Asian supermarket in Western New York is now open for business. The store carries thousands of food items popular in several Asian countries, including live fresh fish. 

Michael Mroziak, WBFO

It's a long-known truth that women and men who work the same job do not bring home the same amount of pay. Local women's advocates provided updated statistics on Thursday that show the gap remains wide for all women, but is worse for women of color. And women's groups say the inequality hurts not just the women but families and the entire economy.


The Erie County Legislature meets Thursday afternoon to take an override vote on the proposed Made in America Act and take up a new measure the act's lone opponent says will be more effective and legal.

The movement to attract a multi-billion dollar project by an online shopping and sales giant is gaining steam. Leaders at various levels of government are looking forward to submitting a proposal to bring Amazon's planned second North American headquarters to the Buffalo area.


Mensch Capital Partners

Despite a last-minute legal effort by Mensch Capital Partners to halt the proceedings, a public meeting was held Monday night, giving speakers a chance to offer their thoughts on a proposed development at the former Westwood Country Club. "The Amherst chamber was packed with people," Town of Amherst Supervisor Dr. Barry Weinstein told WBFO. "About 25 to 30 people spoke, most spoke in opposition."


Though in its early days, Whole Foods is enjoying great success at its location in Amherst. According to Jim Fink of Business First, company officials are monitoring that activity as they weigh further expansion in the region. "They have an urban supermarket model, called '365.'" That model, Fink said, could lead to a location in the city of Buffalo. It's one of several issues discussed during his monthly appearance on WBFO's Press Pass.


Equifax.com

In light of the recent massive data breach at the credit reporting company Equifax, Gov. Andrew Cuomo’s administration is taking steps to make sure that in the future, the credit agencies have better cybersecurity in place.


The retail landscape has changed dramatically in recent years, and Toys R Us has been trying to maintain its foothold in the industry amid a heavy debt load and the rise of online shopping.

Late Monday, the largest U.S. toy chain filed for Chapter 11 bankruptcy protection in Richmond, Va. The move had been expected.

The Buffalo region has made it on the top 10 list of most recovered housing markets in the nation.

Graphic Controls to move 43 jobs into downtown Buffalo

Sep 15, 2017
Michael Mroziak, WBFO

Graphic Controls is moving jobs from a closing out-of-state operation into Buffalo, with some help from New York State's Excelsior program.

National Public Radio

Increasingly, American companies rely on parts from overseas to reflect prices, quality or supply. That can get complicated because of trade rules, financing issues and differing quality rules among nations. However, for American companies to have a solid future, they must export to other available markets.

New York State Thurway Authority

Gov. Andrew Cuomo said New Yorkers who use the state Thruway will have a bit of a wait before more cashless tolling is installed on the nearly 500-mile tolled portion of the road.


Michael Mroziak, WBFO

A company founded three years ago as a startup is announcing a new phase of its operation, and settling into a bigger space on Delaware Avenue.

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