WBFO Business & Economy Desk

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

"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.

Mike Desmond / WBFO News

A section of one of Buffalo's many old industrial buildings now houses a defense contractor that came here to take advantage of the labor pool and the engineers trained at the University at Buffalo.

dreamstime.com

When new tariffs were imposed on Chinese steel and aluminum imports, President Trump said they would help rebuild American industry and create jobs. But what impact are they having on local businesses?


WBFO file photo

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.

buffalo.edu

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.

grandislandny.us

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.


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