WBFO Business & Economy Desk

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

Mike Desmond/WBFO News

The state treasury has  $14.5 billion of someone else's money, potentially your money. State Comptroller Thomas DiNapoli is trying to give it back.


For the sixth time since 2000, the NCAA Men's Basketball Tournament comes to Buffalo this week. The experience has helped tourism officials better plan for the crush of visitors, says Jim Fink of Business First. During WBFO's Press Pass, Fink talks about the tournament and the many development projects that are emerging in some long-forgotten parts of Buffalo.


When people hear the term “student loans,” they typically think of tuition bills, pricey textbooks and other campus-related expenses.

Bak USA

Bak USA is expanding its production facilities in downtown Buffalo to meet increasing demands for the company's computers.

Future of downtown movie screens remains dark

Mar 13, 2017
WBFO File Photo

In recent years the City of Buffalo has seen an increase in the number of residents living downtown. Vehicular traffic has returned to Main Street. And more restaurants and shops have opened. But there's still no movie theater.


Michael Mroziak, WBFO

The Buffalo-based business competition 43North, which has awarded millions of dollars to startups for the past three years, has officially launched its fourth annual contest. To help kick off the event Friday, guests including elected leaders and representatives of past winners took turns praising the program.


Mike Desmond/WBFO News

There's another fight brewing over a decaying Buffalo building. While it may be one of the oldest surviving structures in the city, the building currently features boarded up windows.


Chris Caya/WBFO News

Work on the $60 million Northland Corridor Redevelopment Project is ramping up. The focus of the mostly-state funded project is a workforce training center.

Michael Mroziak, WBFO

A downtown Buffalo casino is nearly finished with its $40 million dollar expansion. Casino officials invited local reporters to preview some of the new additions Thursday.


Signs of spring's early arrival can be seen across Western New York, with some flowers and trees starting to bloom. But what impact will the mild winter weather have on the local growing season?


WBFO's Mike Desmond

Buffalo's homegrown computer maker showed off its new expansion and manufacturing operation on Buffalo's East Side on Tuesday. Bak USA headquarters continues to expand in Compass East, on the site of the old Sheehan Hospital.

WBFO's Mike Desmond

Across Western New York, the list of plants that have closed is very long and getting longer. Those were good jobs and many paid well, well enough to support making life and a family possible. Tulip Molded Plastics just opened a newly renovated plant in Niagara Falls that is keeping its current workforce but finding it difficult to find more employees.

Photo courtesy of Buffalo Spree

The real estate market in the Buffalo Niagara region is red hot. The March issue of Buffalo Spree explores both residential and commercial real estate in Western New York. Editor Elizabeth Licata says the region experienced little impact from the bursting of the housing bubble in 2008. She tells WBFO's Mark Scott in this week's Press Pass it was that stability which is contributing to the hot market now.


WBFO's Mike Desmond

While there are major housing development projects going on in downtown Buffalo and along the city's Elmwood Strip, churches like True Bethel are developing their own neighborhoods.

Ciminelli Real Estate

It wasn't a comfortable room for developers of a planned project for the corner of Elmwood and Potomac Thursday night. Ciminelli Real Estate presented the latest version of its Reverie project to Elmwood Village residents steadfast in their opposition to the development.


Sinatra & Company Real Estate

Residents of McCarley Gardens can rest assured they'll be able to stay in their homes. They were threatened with demolition several years ago - under a proposed expansion of the adjacent Buffalo Niagara Medical Campus. But now the housing complex is slated for a major renovation. 


Michael Mroziak, WBFO

Later this month, "March Madness" returns to Buffalo when the city hosts first- and second-round games of the NCAA Men's Basketball Tournament. Local tourism leaders are acting to make sure the city and its businesses are ready.


Mike Desmond/WBFO News

The Common Council is looking at how to regulate and possibly tax home-sharing computer apps like Airbnb.


Kaspersky.com

New York is now the first state in the nation to enact regulations designed to protect consumer's private data. The new rules are also designed to protect the financial services industry from the growing threat of cyber-attacks.


Tommaso Briatico

There's going to be more renovation of Main Street's 500 block in Downtown Buffalo, a block of deteriorating buildings best known for decades as one where little happened.


Michael Mroziak, WBFO

With Erie Community College officials and elected leaders watching, construction workers placed the final beam atop the college's future STEM education building on the North Campus.


Chris Caya

A local father and son are breaking new ground in high-tech manufacturing. Scott and Zack Vader of East Amherst have developed a machine that prints metal parts.  


Michael Mroziak, WBFO

Not everyone in Buffalo is ready to welcome Uber, Lyft and other ride-hailing companies just yet. Speakers gathered outside the offices of the Buffalo Niagara Partnership to explain why they want state leaders to wait.


Chris Caya WBFO News

The local arts and culture community is preparing for cuts in federal funding. The White House Office of Management and Budget has suggested eliminating the National Endowment for the Arts and the National Endowment for the Humanities among others.


Chris Caya WBFO News file photo

Redevelopment of the former Bethlehem Steel site, in Lackawanna, is another step closer to reality. The Erie County Industrial Development Agency approved buying nearly 150 acres of the site along Route 5 Thursday. County Executive Mark Poloncarz says, it's an important purchase for the IDA and the County.

Dan Telvock

Greenleaf Development has a less-than-stellar reputation as a landlord. But that didn’t stop SUNY Buffalo State from entering into an exclusive agreement that helped the company build off-campus housing to accommodate students. The deal prohibits seniors from living in the college's dorms in an effort to fill Greenleaf’s development. One good government advocate says the deal raises red flags.


Chris Caya

People continue breathing new life into the many "irreplaceable assets" found in one older, smaller neighborhood on Buffalo's West Side.


Bittner Singer Farms

While the unseasonably mild weather may provide welcome relief to many in Western New York, the trend is reason for concern for area fruit farmers.


Mike Desmond/WBFO News

Governor Cuomo is targeting property taxes as he moves to force local governments to spend less money by making them more efficient and consolidated. The Governor outlined his plans Thursday at The Meeting House in Williamsville.


Ontario Power Generation

There are giant artificial lakes on both sides of the Niagara Gorge, just downstream for Niagara Falls. Both are essentially giant batteries, ready to generate electricity when needed.


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