WBFO Business & Economy Desk

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

dol.gov

The latest Labor Department figures show the U.S. unemployment rate fell in September to 3.7 percent - the lowest level since December 1969. That's causing challenges for some businesses. But a new survey shows optimism about the economy continues to grow. 


Almost since its opening four decades ago, there has been debate over the limitations of the Buffalo Convention Center. The conversation moved to another level recently with the release of a feasibility study which identified two potential locations for a much larger convention center.  During his monthly appearance on WBFO's Press Pass, Jim Fink of Business First says the study's results aren't sitting well with some in the local business community.


Eileen Koteras Elibol

The Buffalo skyline is changing. Crews have started removing the old red Adam's Mark signs from the drab concrete building at the Church Street exit off the I-190 downtown. The new owner is planning to restore the hotel's grandeur and expand it to fill the need for a new Convention Center.


The state Comptroller, Tom DiNapoli, is out with his annual report on Wall Street profits, and he finds, not surprisingly, they are up.


Mike Desmond / WBFO News

Businesses can take years to start, but dozens of local people spent the weekend learning how to take their first steps at the University at Buffalo's Hayes Hall.


Chris Caya WBFO News

For many local residents 998 Broadway is synonymous with the former Sattler's Department store. After closing in the early 1980s the old building was demolished to make way for a big box retailer. But it also closed and the site across from the Broadway Market's been vacant for more than a dozen years. Now a design competition is underway that could help breath new life in to the property on Buffalo's East Side. 

WBFO file photo

Tonawanda Coke's request for a delay in the company's probation violation hearing was rejected in federal court in Buffalo on Monday.

Ronald Peralta, WBFO

An app service known as Aira offers blind or visually-impaired users the opportunity to use their smartphone as a second set of eyes, in order to perform tasks including shopping. Wegmans has become the first supermarket chain in the nation to offer the service.


It's best-known for the massive crowds it attracts during the Easter season, but the Broadway Market continues to attract customers throughout the year. The city-owned facility has evolved throughout its history, reflecting Buffalo's changing cultural landscape.

The debate over immigration reveals a wide divide in the national conversation. While some argue foreign-born workers are taking American jobs, others cite economic numbers disputing that rhetoric. An advocate with the organization New American Economy points out how the immigrant work force has been a benefit to the Buffalo region.

Chris Caya / WBFO News

Just two weeks after downtown Buffalo's Market Arcade reopened to moviegoers, the state has approved a temporary liquor license for the newly renovated AMC theater house.

Avery Schneider / WBFO News

State Assembly Speaker Carl Heastie’s summer tour of New York brought him to Cheektowaga on Wednesday afternoon for a visit with one of the region’s high-tech employers.

Nick Lippa / WBFO

The Public Accountability Initiative reports major developers in the city of Buffalo have abused the 485-a program saving over $63 million in property taxes.

bridgeofweek.com

The Thruway Authority is catching flack over cashless tolling well beyond the Grand Island bridges. The company running EZPass, in New York, has been having problems with its system across the state and around the nation.

Erie Canal Harbor Development Corporation

The Erie Canal Harbor Development Corporation's board of directors voted Monday to select Sinatra and Company Real Estate as the developers who will build on two remaining vacant parcels on the South Aud Block at Buffalo's Canalside.


Ogorek Wealth Management

The head of a Williamsville-based financial planning company says while state investment in new buildings is fine, it's missing out on a badly-needed resource in Buffalo: more doctors. Anthony Ogorek, in a conversation with WBFO, suggested there are far better uses for state dollars to revitalize Western New York's economy than riskier ventures such as the Tesla plant.

Chris Caya, WBFO News

There is no end in sight to trade tensions between the U.S. and Canada. Last week, on the one-year-anniversary of the start of NAFTA's renegotiation, President Trump said, "we're not even talking to Canada right now." But at least one local distiller is pleased by the spirit of U.S. tariffs on Canadian products.

Mike Desmond / WBFO News

It took only minutes Thursday for downtown Buffalo's brand new Market Arcade Cinema to have that eternal sign of a movie theater: the odor and sound of fresh popcorn, as customers arrived for the first day of shows.


National Public Radio

A new state law awaiting the Governor’s signature would raise the age to serve alcohol from 18 to 21 and impose some restrictions on sample sizes. A resolution was introduced Wednesday afternoon by Erie County Legislature Minority Leader Joseph Lorigo and Assemblyman Erik Bohen opposing the proposed changes.

Empire State Development

Three new projects are coming to Buffalo's waterfront, including additional access points, new streets on an undeveloped block and a future facility where a piece of history will be rebuilt.


Chris Caya/WBFO News

The Market Arcade in downtown Buffalo will start showing movies again this week after undergoing a $9 million renovation.

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. 

Pages