WBFO Business & Economy Desk

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

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.


TopsMarkets.com

Tops Markets took another step toward getting out of bankruptcy yesterday.  Teamsters working in the warehouse supplying the company's markets agreed to take major hits in wages, benefits and pensions.

Francesca Bond

For many, Canalside and beer go together like chicken wings and blue cheese.

WBFO file photo

One-year pilot agreements with two ride-hailing services, allowing them to offer rides to and from the Buffalo Niagara International Airport, are set to expire next week. Talks are underway to extend the opportunity for passengers to hail cars provided by Uber or Lyft.


Architectural Resources / Buffalo Planning Board

After some final tinkering with the design, the Buffalo Planning Board on Monday approved a massive graduate student housing complex at Main Street and Hertel Avenue. Digging may start within weeks on an environmental cleanup, clearing the way for the complex.

Mike Desmond / WBFO News

A plan for a large solar panel array on Grand Island drew some strong opposition Monday night during a Town Board meeting, including a threat to throw lawyers at the board if it approves the plan.
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Chris Caya WBFO News

Many people have childhood memories of buying gum from a gumball machine. But they're not as common in stores as they used to be. So will gumballs be sticking around much longer? There's only one company in the United States still making them. It's right here in Western New York - and they've been expanding their lineup to keep up with changing tastes.    


The New York State Public Service Commission has laid down the law to Charter Communications - the parent company of Spectrum - in a scathing order, for failing to meet the terms set when Charter acquired Time Warner Cable in 2016.

Michael Mroziak

Town of Tonawanda company Unifrax is thanking National Grid and the Erie County Industrial Development Agency for the incentives that made it possible to carry out a major expansion of its area facilities.

Chris Caya WBFO News

Talk of a trade war, between the U.S. and Canada, is raising concerns among government and business leaders on both sides of the border and organized labor. According to a new study released by the U.S. Chamber of Commerce, more than 470,000 American jobs are at risk.

"Right Here, Right Now" / Paget Films

Visit Buffalo Niagara has taken a page out of former Buffalo Bills Head Coach Marv Levy's playbook, premiering a new promotional video "Right Here, Right Now." VBN says it is meant to highlight "the natural beauty, civic vitality, entrepreneurial energy and reinvigorated sense of place found in Buffalo today."

What products are making all the retaliatory tariff lists?

Jun 7, 2018

We looked through the lists of tariffs Mexico, Canada and the European Union are imposing on the United States in response to the 25 percent steel and 10 percent aluminum tariffs. And we found some commonalities: orange juice, whiskey, motor boats and kitchenware among them. So why these products? We talked with Wendy Cutler, vice president of the Asia Society Policy Institute and a former acting deputy U.S. trade representative, and Renee Bower, economic professor at the University of San Diego, to find out.

First components of Labatt House to open this November

Jun 5, 2018
Francesca Bond, WBFO

A full-service bar, restaurant, beer garden and brewery are expected to open this November, representing the first tenants of a development in progress in Buffalo's Cobblestone District. Officials with Pegula Sports and Entertainment joined representatives of Labatt USA to provide a progress report on what will be known as Labatt House.

Mike Desmond/WBFO

Commuters frustrated with the detours around the Skyway have a sympathetic ear in Congressman Brian Higgins. Though the re-decking of the bridge has been underway for a few weeks, he remains unyielding in his criticism. For Higgins, the $30 million effort is "a compete waste of money because that bridge could not be constructed today because it's unsafe. It doesn't have shoulders in the event vehicles break down."

National Public Radio

Sears is closing another 72 stores after reporting a first-quarter losses and plunging sales. The company says it will post a list of those locations on its website by midday.

National Public Radio

If you're looking for a cup of coffee to help keep you going after a long holiday weekend, you can forget about going to Starbucks. More than 8,000 company-owned stores are closing Tuesday for anti-bias training. It follows the recent arrests of two African-American men who asked to use the restroom in a Philadelphia Starbucks last month. But will the training work?


Before falling on hard times, Seneca Street once stood as the hub of commerce and entertainment in South Buffalo. That could be changing. During his monthly appearance on WBFO's Press Pass, Jim Fink of Business First highlights some new developments that will bring new vitality to the neighborhood.


With a depressed farm economy already hurting their prospects, many local growers and producers would have welcomed passage of the 2018 Farm Bill. Instead, the House of Representatives voted it down last week. Steve Ammerman of the New York Farm Bureau says his agency is "disappointed" by the rejection which was fueled by a conflicting assortment of political priorities.

Michael Mroziak, WBFO

General Motors' Tonawanda Engine Plant has been selected as the first of the automaker's plants to produce a new V-8 engine line that utilizes a cylinder deactivation technology that helps the engine produce only the power that is needed, in order to increase efficiency. Plant officials announced Monday it will result in the retention of 635 jobs.


BuffaloNiagara.org

Doug Ford, a candidate in the race to become the leader of the Province of Ontario, is claiming that Canada has lost thousands of jobs to Western New York. But that's not how the leader of the region's economic development organization sees it.


WBFO file photo/Eileen Buckley

The Niagara Frontier Transportation Authority has already done it with one of its Metro Rail stations. Now, it's inviting developers to bring forth ideas for converting other underground rail stations into mixed-use centers.


Michael Mroziak, WBFO

Niagara University and the Niagara Falls Memorial Medical Center are coming together to train a new generation of nurses. It's an initiative both sides believe will also play a part in the Cataract City's broader social and economic development.


Michael Mroziak, WBFO

New York State is considering the end of the minimum wage tip credit system and requiring employers pay all tipped employees the same minimum wage as those who do not earn tips. Tuesday in Buffalo, representatives of the Labor Department heard testimonials from people who have sharply divided opinions about the system.


WBFO File Photo

Since his purchase of Buffalo's tallest building, Washington-based developer Douglas Jemal has promised to bring new life to One Seneca Tower. That rebirth appears to be ahead of schedule. Appearing outside Monday's meeting of the city Planning Board, attorney Adam Walters says the project is moving forward at a "breakneck pace."

There was plenty of criticism from Southern Tier residents Monday night during an informational meeting about a planned wind turbine project for the towns of Arcade, Centerville, Farmersville, Freedom and Rushford.

Chris Caya WBFO News

During a quick stop in Buffalo, U.S. Senator Kirsten Gillibrand pushed legislation to help small businesses.

Citizens for Regional Transit

Improving Amtrak passenger train service into and out of this region is almost as important as improving the connecting Metro Rail service. That from a meeting Tuesday night sponsored by Citizens for Regional Transit.


Chris Caya WBFO News

A major infrastructure upgrade is taking place under the Buffalo River.

Dresser-Rand

The union representing 250 machinists at Dresser-Rand in Wellsville have approved an extended contract that increases severance benefits as the plant prepares to close. It also has an updated timeline for layoffs.

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