WBFO Business & Economy Desk

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

Thomas O'Neil-White

Philip Smith is a physical education teacher in the Buffalo school system  -- and a longtime renter.

But he wanted to build some capital, so he started looking to buy a house. “I was a renter for six or seven years, so I was sick and tired of not gaining any equity in my money and just paying my landlord.”


Nick Lippa / WBFO

President Trump’s push for tariffs has made international trade a big topic of discussion lately. And one of the products being talked about is milk. But these strategic trade moves trickle down to lots of family farms – like those in Western New York. WBFO’s Nick Lippa visited a farm in Wyoming County to see how farmers are reacting.

File photo: Chris Caya WBFO News

A local financial adviser is weighing in on the insider trading charges that Congressman Chris Collins is facing.

Pay gap for women even wider when race factored in

Aug 8, 2018
Equal Pay for All

Each year, Aug. 7 is observed as Black Women’s Equal Pay Day. It is the date in 2018 when a black woman catches up to what the average white, non-Hispanic man already earned by the end of 2017. In general, women make $0.80 to every $1 a man makes, but when analyzing race as well as gender, the gaps widen.

U.S. Embassy & Consulates in Canada

The United States and Canada have nearly 4,000 miles of border, spanning from the Atlantic to Pacific oceans.  And Canada's consul-general believes the two longtime friendly nations can work out the trade and immigration issues fueling the current spat between the nations' leaders.

Google Maps

Another local daycare center has been closed by the state. This time it is Young's TLC Daycare 2 on Broadway in Buffalo, while the license of a Cheektowaga provider is pending revocation.

"The Economic Impact of Tourism in New York" / Tourism Economics

New York State has released its Tourism Economics research study for 2017, which provides analyses on the economic impact of tourism across the state, and the numbers are positive once again.

Chris Caya WBFO News

The local economy gets a significant boost from our neighbors to the north, but a recent survey shows a majority of Canadians are planning to cut back on visiting the United States.

Future East Side early childhood school receives $1M gift

Jul 26, 2018
Michael Mroziak, WBFO

An early childhood education center expected to open this fall received a million-dollar boost Thursday. The Buffalo Promise Neighborhood, an initiative formed to breathe new life into one of the city's underserved neighborhoods, announced that Delaware North Comnpanies and the Jacobs family are providing one million dollars to support the school through the next five years. 

Fisher-Price

Fifty employees of the Fisher-Price company in East Aurora have been laid off, as part of a nationwide cutback of personnel by parent company Mattel.

Eastern Niagara Hospital

Lockport Mayor Anne McCaffrey has been named president and chief executive officer at Eastern Niagara Hospital. The appointment comes as Kaleida is finalizing the process to become an "active parent" of ENH.

Mike Desmond / WBFO News

If you look at local job ads, there are usually pages of open jobs but an acute shortage of people with needed skills. The Northland Workforce Training Center is ramping up its recruitment for skills training.

Rich Wahl

The filming of an Asian-inspired horror film continues in downtown Buffalo. Work on the film is taking place across the region and creating dozens of local jobs.


Eileen Buckley / WBFO News

A liquor store proposed for the old location Gigi's restaurant on Buffalo's East Side will have to find a new place to open, after neighborhood opposition killed the project.

Unions have been sounding the alarm since the June 27 U.S. Supreme Court Janus ruling that public employees can stop paying union dues while retaining many of the benefits from collective bargaining. An anti-union group is sounding its own alarm among New York's public employees.

The roots of Thursday's convictions in the Buffalo Billion bid-rigging case in federal court in Manhattan can be traced back to the work of Investigative Post.  Stories produced by Jim Heaney and his staff prompted federal authorities to take a closer look at state economic development practices. While convictions have been secured, Heaney is calling on authorities to continue digging into the case.


Mike Desmond / WBFO News

The Erie County Legislature locked itself up Thursday in a round of recesses, legislative clarifications and proposed amendments of proposed amendments. It was over a U.S. Supreme Court decision limiting public employee union rights to collect dues from non-members.

A federal jury in New York has convicted key players of corruption in Gov. Andrew Cuomo's Buffalo Billion' economic redevelopment program. 

The Wendt Corporation

After a nearly four-month study of safety records, worker interviews, a facility walk-through and a review of industry best practices, the Western New York Council on Safety and Heath has released a report critical of the Wendt Corporation in Cheektowaga.

Mike Desmond / WBFO News

Buffalo Common Council President Darius Pridgen says he hopes the next owner of the Towne Gardens housing complex and shopping plaza, located on Clinton Street and bordered by William Street and Jefferson Avenue, will be a better landlord than the individual being forced out in a foreclosure.

WBFO News file photo

Panasonic has hired nearly 400-people to work at Tesla's Solar City Riverbend in south Buffalo. Tesla has been cutting back its workforce nationwide in the electric car industry. But last month a career fair was held to hire more Buffalo residents at Solar City. WBFO News asked Mayor Byron Brown if he has confidence in the future of Tesla in the city.  

Chris Caya WBFO News

Some of the region's first responders are now working under a new contract. American Medical Response and Teamsters Local 449 have signed off on a new collective bargaining agreement. AMR is also launching a new jobs initiative.

Chris Caya WBFO News

Some local entrepreneurs looking to grow their businesses picked up some free tips from billionaire investor Kevin O'Leary from the ABC television show "Shark Tank." O'Leary headlined the kickoff of Facebook's Community Boost event being held in Buffalo this week.

The Park Lane restaurant is long gone, but its former location on Gates Circle is in line for new life. According to Jim Fink of Business First, Uniland Development plans to build townhouses at the site. The homes are expected to cost over $1 million.


Chris Caya WBFO News

A new Digital Marketing Certificate will soon be available at SUNY Erie Community College. Its President, Dan Hocoy says, the college is partnering with Facebook to offer the program which will be a part of SUNY Erie's Workforce Development offerings. Hocoy says, it will include in-demand digital skills in social media marketing.

Chris Caya WBFO News

The transformation of Niagara Street, where it overlooks the Black Rock Canal, on Buffalo's West Side, is continuing.

WBFO file photo

Fueled by $279 million from the federal relicensing settlement with the New York Power Authority, growth has been evident throughout the 10 years Canalside has been in existence. While the money was vital, Congressman Brian Higgins also gives credit to the "spirit of cooperation" that has made Buffalo's waterfront into a regional destination.


UBER

It's been one year since a change in state law allowed ride-hailing companies to begin operating in the Buffalo area and across all of Upstate New York. But has the service delivered the benefits that were promised?

Eileen Koteras Elibol

Some 150 classic vehicles will head to the starting line for the Great Race Saturday morning at the Buffalo Transportation Pierce-Arrow Museum. Though the event made its way through Buffalo in 2012, the race start brings with it more prestige--and more dollars. Local tourism officials estimate the economic benefit to be at least $1.2 million.


Buffalo Office of Strategic Planning

Buffalo is coming closer to completing development rules for the city's waterways.  While waterfront development often focuses on the shorelines of Lake Erie, the new rules would also take into account properties near Scajaquada Creek.


Pages