WBFO Business & Economy Desk

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

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The developer looking to reopen the Market Arcade Cinemas is scheduled to meet the Buffalo Preservation Board Thursday, with the hope of gaining approval to install exterior signage and move the project closer to a planned summer completion and opening.

As a gateway to the city, Niagara Street for many years served as a sign of Buffalo's decline.  Much has changed in recent years. On WBFO's Press Pass,  Jim Fink of Business First says Niagara Street has been boosted by $120 million in private investment developments. Now, a Rochester-area developer is taking part in a project near Busti Avenue. "When you see out-of-town dollars coming in and investing in your city, that's a pretty significant milestone."

VisitBuffaloNiagara

It's a list expected to generate heated debate. The "Delicious Dozen" are the 12 Erie County eateries selected by local tourism officials for the debut of the Buffalo Wing Trail. The concept looks to tap into the growing food tourism industry.


Chris Caya WBFO News

Applications are now being accepted for the 5th annual 43North START-UP Competition. It includes a top prize of $1 million and six runner-up prizes of $500,000. All winners also receive free space in 43North's business incubator.

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Facebook founder Mark Zuckerberg's testimony today in Washington is drawing widespread interest. UB Law professor Mark Bartholomew will be among those following the proceedings "to hear about concrete plans to change." Bartholomew, who specializes in the areas of intellectual property and law and technology with an emphasis on online privacy, believes social media sites need to be regulated.

Chris Caya WBFO News

A new partner in New York City is joining the local effort to combat zombie properties in Erie County.

Chris Caya WBFO News

Sen. Charles Schumer says thousands of local jobs are at risk unless the owner of the Huntley Power Station allows nearby industry to keep pumping water from its property along the Niagara River.

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The Grand Island Town Board has voted unanimously to change town zoning law in order to prevent the development of a truck stop. "To put something like that (the truck stop) in the middle of it would define Grand Island in a way we don't want to be defined," said Town Supervisor Nathan McMurray. 


Buffalo Rising

The Ignite Awards serve two purposes. They honor local women-owned businesses that are enjoying notable success. The awards ceremony hosted by the Women's Business Center also works to bring together female entrepreneurs with the services and connections needed to move their firms forward. During her monthly appearance on WBFO's Press Pass, Jessica Marinelli of Buffalo Rising profiled the award winners and discussed the promising trends for women in the business world.


File photo/courtesy Central Terminal Restoration Corporation

Western New Yorkers will be out Monday celebrating Dyngus Day, the Polish custom marking the arrival of Easter and the end of the Lenten season. A cherished landmark in Buffalo's East Side, the Central Terminal, will be one of many venues hosting Dyngus Day events. Its caretakers say they are still moving forward to bring new life to the former train station.


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The company which has owned Eastern Hills Mall since 2003 now has its partner in place to begin a gradual transformation of the Clarence property into a mixed-use "town center." Amherst-based Uniland has become a co-owner of the property. The partners are reminding the public there's much more to do, though, before shovels go into the ground.


Alfred Angelo

Calling all brides-to-be. Alfred Angelo is liquidating the last of its bridal gowns.

Watts Architecture and Engineering, PC

The state has awarded another $4 million to the Buffalo Northland Corridor redevelopment project.

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The drive to build ECMC's new Trauma Center/Emergency Department has taken another step forward. Key Bank Foundation is partnering with the First Niagara Foundation to donate $600,000 to the Trauma Center's capital campaign.

Buffalo Niagara Medical Campus

Many small businesses owned by minorities, women and veterans have limited opportunities to network with larger corporations. This barrier can prevent owners from taking their enterprises to the next level.

Chris Caya WBFO News

Nearly six months after filing for bankruptcy, Toys R Us is planning to sell or close all of its 800 stores across the country. So how will the changing retail landscape impact locally-owned independent toy stores?


Mike Desmond / WBFO News

For Women's History Month, Buffalo's Common Council on Tuesday honored 27 women who own businesses in South Buffalo.

Walden Galleria

Add another name to the list of bankrupt retail chains.

Massachusetts Institute of Technology

Automation in the workplace has replaced many jobs, a trend that has adversely impacted low and moderate income earners.

Chris Caya WBFO News

It's not only St. Patrick's Day weekend, it's also Maple Weekend, across Western New York. Along with lots of tasty treats, the event gives producers an opportunity to recoup some of their investment.

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As Toys R Us prepares to close its doors for good, many customers are scrambling to return unused gift cards.

Chris Caya WBFO News

Congressman Chris Collins is backing President Trump's decision to impose a 25 percent tariff on imported steel and a 10 percent tariff on aluminum imports. The levies will take effect in about two weeks.  

Chris Caya WBFO News

The high price of sugar in the United States is hurting local food manufacturers, including an Akron based company.

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Brick and mortar merchants, across New York, are backing Governor Andrew Cuomo's sales tax fairness plan. If approved, it would not only generate revenue for Albany, it could help small businesses compete.

In reporting the recent good news about the Buffalo economy, Jim Fink says he feels like a "broken record, but it's a good broken record." During his monthly appearance on WBFO's Press Pass, Fink notes the $75 million investment by Ellicott Development into its 500 Pearl project. "Wasn't all that long ago that collectively ALL of the development in downtown Buffalo might have equaled $75 million."

Chris Caya WBFO News

At Canalside in Buffalo Monday, U.S. Senate Minority Leader Charles Schumer said he is pushing to get financing for the new Explore & More Children's Museum over the finish line.

Keith Perry

Real maple syrup is a sweet treat, but it often comes with a hefty price tag. This is why researchers are working to develop a new method to produce syrup.

Business and environmental groups are not always on the same side, but when it comes to Lake Ontario’s shores, there is some common ground.

Chris Caya WBFO News

New York state's economic development programs have been faulted for failing to create the jobs promised. But the program has had some success - including attracting a company to Buffalo that now controls thousands of wind turbines around the world.

New York State

New York residents love their beer. Now home to 400 breweries, the state has surpassed its previous record of 393 beer-making outlets back in 1876.

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