WBFO Business & Economy Desk

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

R. J. Anderson / Cornell University

It is no secret Gov. Andrew Cuomo has been pushing for New York to invest more in hemp production and processing. On Wednesday, agriculture leaders are meeting at Cornell University's Ithaca campus in hopes of building upon early investments from the state.

A case that was heard Monday by the U.S. Supreme Court and will be decided later this year could have a big impact on public worker unions in New York.


Chris Caya WBFO News

State funding for a program that's created hundreds of local jobs should be restored, according to Assemblyman Sean Ryan. He says, Albany's $3.5 million investment in the University at Buffalo's technology-based economic development programs created 372 new jobs, last year alone.

Mike Desmond/WBFO

If everything goes right and Washington has the money to help pay for a Metro Rail extension, construction would start in 2024. WBFO's Mike Desmond takes a look at what's involved and what might be the payoff.


topsmarkets.com

Financial restructuring is underway at Tops Markets, now that the company has filed for chapter 11 in U.S. Bankruptcy Court. But will it be enough to keep the company afloat for the long haul?

New York State Comptroller's Office

When the final figures came out in sales tax collections across New York in 2017, there was good news for county governments in Western New York and for some cities.

Tops Markets

Tops Markets has put an end to the speculation, confirming Wednesday morning that it is filing for reorganization under Chapter 11 bankruptcy.

Chris Caya / WBFO News

For supporters of Buffalo's Elmwood Village, the good news is major development along the popular shopping strip. The bad news is that there are a lot of vacant storefronts. However, there is a push to figure out why the gap.

Dresser Rand

The union representing 250 machinists at Dresser-Rand in Wellsville said it was "shocked" to learn the Coats Street plant will close, laying off its 250 employees.

WBFO file photo

In Buffalo, about one-third of all residents have no computer access. That reality impacts city classrooms as students contend with the digital divide. Efforts are underway to overcome that deficit.

Tops Friendly Markets, a Western New York staple for decades, may be heading for bankruptcy. Bloomberg.com is reporting the supermarket chain could file papers this month seeking court protection from creditors. Following the story is  Jim Fink of Business First who believes the news may be premature. 

Zach Anderson

Well-known Buffalo chef and restaurant owner Mike Andrzejewski  defeated celebrity chef Bobby Flay on national television Thursday night.

Wegmans

Three area Wegmans will be closing overnights.

disneyinstitute.com

Niagara University will host a one-day professional development course in downtown Niagara Falls next month, featuring one of the biggest names in the entertainment and leisure business. Local organizers hope that once the name attracts participants, those guests will also get a look at the Cataract City's assets.


Chris Caya WBFO News

A new leader has been named for 43North, the state funded startup competition, headquartered in the former Trico Building, on the Buffalo Niagara Medical Campus.

Mike Desmond/WBFO

There's increasing concern around Buffalo about the effects of reassessment on property tax bills. The issue drew a large crowd Monday night to First Presbyterian Church in Allentown, including homeowners who are facing retirement and who are on fixed incomes.


Mike Desmond/WBFO

Potholes are as common to Western New York winters as gray skies and school closings. But commuters, street crews and auto repair technicians have reached a consensus that this year's pothole problem is one of the largest in recent memory. 

Level Financial Advisors

Think all millennials are spending their money on expensive coffee and avocado toast? If so, you might be surprised by the results of a new Bank of America survey.

Chris Caya WBFO News

A sidewalk along a busy stretch of Walden Avenue, in Cheektowaga, was the scene of a rally, Friday morning. Workers at Wendt Corporation say they're being mistreated.


Flyfrontier.com

Frontier Airlines will soon be flying to more destinations from the Buffalo-Niagara International Airport.

Chris Caya WBFO News

While the use of technology continues to grow, a new survey of local CEOs shows many companies across the region are slow to change.


Chris Caya WBFO News

Confidence in New York's economy among upstate CEOs is down compared to a year ago.

Chris Caya WBFO News

A project designed to control invasive species in the Niagara River Gorge, and boost tourism, is set to get underway in Niagara Falls Tuesday.

WebMD

An aneurysm is essentially a bubble on a blood vessel. If it ruptures, about 40 percent of those people die. A local startup corporation is working on a simple blood test to detect these health threats in the brain.

A Republican candidate for governor is calling for hearings on controversial tourism signs on the New York State Thruway and other highways set up by the Cuomo Administration. The federal government says the signs are illegal and will withhold federal funds if they are not removed.


Roswell Park Comprehensive Cancer CEnter

For the third time in its 120-year history, Roswell Park Comprehensive Cancer Center aired a commercial during the Super Bowl. This year’s message was focused on hope and reaching a wide audience.

Wallethub

New York’s economy benefits from immigrants more than any other state, according to a new national study.

WalletHub, a personal finance website, analyzed 19 metrics and assigned each state a score based on  the economic impact of immigrants. New York topped the list, followed by California and New Jersey.

The data weighed included immigrants’ household incomes, the number of jobs created by international students and their contributions to innovation.

Mike Desmond / WBFO News

This spring, when you head into your favorite licensed establishment and look at the taps, you will see a new beer with an old name. Buffalo's Community Beer Works is reviving Iroquois Beer.

Avery Schneider / WBFO News

A group of advocates say a state law that helps ensure employment opportunities for people with disabilities is in need of an overhaul.


Karen DeWitt

The head of Gov. Andrew Cuomo’s economic development programs said he doesn’t think federal corruption trials now taking place will have any effect on the projects.


Pages