WBFO Business & Economy Desk

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

WBFO News file photo

Buffalo Mayor Byron Brown is very confident Tesla CEO Elon Musk will keep his promise to open SolarCity in south Buffalo with the hopes of creating a total of 3,000 jobs in the future.  WBFO's senior reporter Eileen Buckley has reaction from the Mayor after Musk held a conference call earlier this week with investors.    

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The latest survey from Buffalo based M&T Bank shows small and mid-size businesses are growing more optimistic about the economy. But there are also signs of caution.

Michael Mroziak, WBFO

Gov. Andrew Cuomo and several other elected and government leaders drew some laughs, but also some praise as they announced another state investment in the National Comedy Center, which is currently undergoing construction in downtown Jamestown.


The Dow hit 22,000 for the first time Wednesday after a better-than-expected earnings report from Apple sent stocks soaring yesterday.

Here & Now‘s Jeremy Hobson speaks with CBS News’ Jill Schlesinger (@jillonmoney), host of “Jill on Money” and the podcast “Better Off,” about what that means for people investing in the market.

Company officials are calling it "Amazon Jobs Day" as the on-line retailing giant, Amazon, seeks to fill 50,000 jobs nationwide. A recruitment event this morning at Salvatore's on Transit Road, says spokesperson Kayla Hanson, will look to fill "hundreds" of positions at the local Amazon fulfillment center that is scheduled to open in September.


NYS authorizes 5 more marijuana dispensaries

Aug 2, 2017

New York State has authorized five more organizations to manufacture and dispense medical marijuana to improve patient access to dispensing facilities across the state.

Michael Mroziak, WBFO

Three hospitals in Niagara County are receiving state money for various capital projects.

Mike Desmond / WBFO News

With 400 garden writers set to visit the region, Buffalo is building a reputation - one that contrasts with the nationally-accepted image of a city that endures endless winters. During his monthly appearance on WBFO's Press Pass, Jim Fink of Business First outlined how Visit Buffalo Niagara is highlighting  local tourist opportunities for garden lovers.


WBFO's Mike Desmond

Buffalo's Planning Board cleared its desk before breaking for its August vacation by approving the controversial Dash's Market expansion on Hertel Avenue.

Chason Affinity

After 30 years of plans and altered plans and new plans, the way may finally be clear for a major construction project at Elmwood and Forest avenues, replacing buildings past their prime. However, there is almost certain to be a lawsuit against the Chason Affinity project.

WBFO News photo by Eileen Buckley

The region's only all-girls computer coding program concluded a summer session at SUNY Buffalo State Friday. WBFO's senior reporter Eileen Buckley says students from 36-area schools participated in The Girls Coding Project.

WBFO's Mike Desmond

In an often angry discussion Thursday, the Buffalo Preservation Board denied a proposal to pave over much of the lawn of the historic American Red Cross mansion at Delaware Avenue and Summer Street to allow for more commercial development in the building.

WBFO News photo by Eileen Buckley

New York State is investing in a Buffalo school to prepare students for future manufacturing careers.  Empire State Development is providing a $3.2 million from the Buffalo Billion initiative to Burgard High School's Advanced Manufacturing program. WBFO's senior reporter Eileen Buckley says even though students are on summer break, they were at the school to demonstrate the program.

WBFO's Chris Caya

Gov. Andrew Cuomo should veto a bill passed by the New York State Legislature that blocks local governments from billing pharmaceutical companies to dispose of unused prescription drugs. That is the position of Erie County Legislator Patrick Burke, who is sponsoring legislation to hold drug companies accountable.

M&T Bank

A regulatory matter involving M&T Bank, raised four years ago amidst a major bank acquisition, was formally resolved Thursday when the Federal Reserve lifted a "letter of agreement" related to it.


WBFO's Mike Desmond

A new restaurant in a new building, a new office and light manufacturing space in a long-closed plaza area. Mike Desmond reports Cheektowaga Supervisor Diane Benczkowski says both are a sign of continuing confidence in her town for the future.

Courtesy of Niagara University Facebook page

Niagara University is designing hospitality training courses for students in Vietnam and other Asian countries.

Michael Mroziak, WBFO

A movement is underway to open a community-owned coffee shop in Buffalo's Parkside neighborhood. Those behind the project say it would not only bring a business to the street but generate money for other neighborhood investments.


File photo/Visit Buffalo Niagara

The Erie County Comptroller is blasting a proposal to hire a consultant that would analyze and determine feasibility of an expanded or new convention center. But his rejection of the idea is generating its own criticism.


Michael Mroziak, WBFO

A large chunk of land in the City of Lackawanna where the former Bethlehem Steel plant once stood is now the property of Erie County. After infrastructure updates, the county will pursue companies to help convert the space into a business park that will include renewable energy-powered advanced manufacturing.


WBFO file photo

Congressman Tom Reed is celebrating a new business deal involving a Southern Tier company that will reportedly create 1,000 jobs. But he says reforms must be made if U.S. manufacturing is to rise up.


Mike Desmond/WBFO News

Buffalo's Zoning Board of Appeals has granted waivers to help a planned arts campus at Richmond and West Ferry. The project, which saw plans fall apart previously, has raised concerns among neighbors.


WBFO News photo by Chris Caya

An independent boutique hotel is now open for business in Amherst. Iskalo Development, President and CEO, Paul Iskalo unveiled the Reikart House, on Main Street at the I-290, Thursday.

WBFO News photo by Chris Caya

The effort to redevelop the downtown Buffalo waterfront has taken another step forward. Developers are being sought for vacant sites at Canalside.

WBFO's Mike Desmond

The Buffalo Zoning Board of Appeals began its day Wednesday in a meeting room high up in City Hall and finished late in the evening in a sweltering Common Council Chamber, dark from some light bulbs that were not working. In the end, the board approved a controversial grocery store on Hertel Avenue and a major residential development at Elmwood and Forest.


WBFO News photo by Chris Caya

The redevelopment of the long vacant Hotel Niagara is being touted as another sign of Niagara Falls' rebirth.

Michael Mroziak, WBFO

A longtime daycare provider has opened a new facility in an underserved Buffalo neighborhood. A ribbon-cutting ceremony was held Friday morning at 377 Kensington Avenue for Mary's Little Lambs.


Chris Caya WBFO News

The transformation that TM Montante Development is planning for a prime piece of real estate in downtown Niagara Falls includes a partnership with Niagara University. Most of the commercial space will be dedicated incubator space for NU's Niagara Global Tourism Institute.

Dairy Co-op earns state's "Grown & Certified" designation

Jul 12, 2017

A dairy cooperative headquartered in Cheektowaga has joined the ranks of companies recognized by New York State as "Grown and Certified."


WBFO News file photo

A new law is now on the books that should give the Niagara Frontier Transportation Authority a bit of a lift.

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