WBFO Business & Economy Desk

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

Mike Desmond/WBFO News

Common Council members say they back inclusionary zoning, which requires new housing to set aside a certain percentage of units as affordable housing.  While most agree upon the goal, finding common ground on the specifics is proving to be more difficult.


Chris Caya WBFO News

An old office building in downtown Buffalo, that sat vacant for decades, is now the region's newest boutique hotel, restaurant, and bar.

Recommendations for Central Terminal unveiled

Jun 30, 2017
Michael Mroziak, WBFO

The Urban Land Institute on Friday completed a week of studies and interviews, delivering its recommendations for how to redevelop Buffalo's Central Terminal.


Mike Desmond/WBFO News

In the world of high-tech and venture capitalism, there are three requirements: entrepreneurs, investors and customers. UB's Bright Buffalo Niagara Entrepreneur Expo on Wednesday looked to bring those parties together.


Mike Desmond/WBFO News

As the NFTA prepares environmental impact studies on a possible Metro Rail extension, planners are also looking at specific station sites and what development might take place around the locations. The issues were examined during a Wednesday public meeting at UB's Hayes Hall.


Michael Mroziak, WBFO

Three small businesses will spend the summer selling their wares from a downtown Buffalo storefront, rent-free, with the city's hope they'll eventually open a permanent shop along Main Street. The Queen City Pop-Up is underway with its sixth edition of an initiative that leaders say is resulting in new businesses opening downtown.


Michael Mroziak, WBFO

The Buffalo Niagara Partnership delivered its annual report to members Thursday morning, announcing an initiative to fine-tune job skill development in Western New York and a recently-formed alliance that aims to open doors on both sides of the US-Canada border.

Overwhelmed by the material from nearly three hours of public hearing yesterday, the city's Zoning Board of Appeals tabled a decision on the planned Chason Affinity project at Elmwood and Forest.


blueRock Solar.com

Grand Island soon will be home to the largest community solar installation in New York state. The $7 million project was recently unanimously approved by the Town Board.

Chris Caya/WBFO News

The next generation of automobiles has been traveling the streets of Western New York. And WBFO went along for a demonstration ride on the University at Buffalo's North Campus.


amazon

Hundreds of new jobs are on the way for local residents. The largest Internet-based retailer in the world is setting up shop in the Town of Lancaster.


WBFO File Photo

A Western New York Congressman is throwing his support behind a bill that seeks to fill jobs with trained apprentices by offering federal tax credits to those who do the hiring.


U-Haul

Renovation plans for a large vacant building just off the I-190, in South Buffalo, are moving forward.


Chris Caya WBFO News

Uber is ramping up operations ahead of the June 29 launch of ride-hailing across Upstate New York.

The Historic Palace Theatre in Lockport has been awarded a $423,000 state grant to help with ongoing renovations. But the Palace is more than a theater—it also plays an important role in the city's economy.


Michael Mroziak, WBFO

A North Tonawanda business plans to boost its workforce in order to produce a new line of materials. New York State is offering some financial help to make it happen.


Stategic Financial Solutions

A New York City based financial services company is expanding into the Buffalo area and plans to create more than 1,000 new jobs.

At a cost of over $600 million, the SolarCity project in Buffalo's Riverbend section represents one of the costliest efforts ever for New York taxpayers. The costs, however, didn't stop with construction. After sifting through thousands of pages of documents, Charlotte Keith of Investigative Post has placed a spotlight on how the public has been footing the bill for a wide array of expenses.


Sen. Ortt

The state is lending a hand on a project that could help revitalize the former Summit Park Mall in the Town of Wheatfield.


WBFO File Photo/Karen Dewitt

An annual competition that awards business startups up to one million dollars, as well as other incentives to develop in Buffalo, is now beginning the task of picking its 2017 winner. They'll continue to award startups much-needed cash boosts for years to come. One of Governor Andrew Cuomo's top economic development leaders explained why the program is working.


Savarino Companies

A section of downtown Batavia will receive a $17.6 million facelift as a developer begins construction of a multi-use complex on long-vacant property.

Mike Desmond/WBFO News

Re-use of the second floor of the old DL&W train terminal at the foot of Main Street could be delayed for a long time under budget plans from President Trump to slash transportation projects spending.


Albany is putting another $10 million into Jamestown's Downtown Revitalization Initiative. The plan encompasses 10 projects chosen through the Regional Economic Development Council system.


Chris Caya WBFO News

From Buckingham Palace and Buffalo's Richardson Olmsted Complex - to the streets of Havana - the New York State Capitol - and the iconic towers of the Brooklyn Bridge - these are just some of the things made with Medina Sandstone. And now there's a local group busy identifying and "celebrating" structures made with the once popular building material.


WBFO News file photo

The New York State Department of Environmental Conservation is going to allow Tonawanda Coke to burn hazardous waste. That's raising concerns among neighbors who have been dealing with the convicted polluter for years.

Mary Catalfamo, WBFO

One day after Buffalo Mayor Byron Brown stated that the city and Erie Canal Harbor Development Corporation were moving ahead with Canalside's 2004 master plan, Governor Andrew Cuomo came to town and committed state money to spark development on an idled plot of land at Canalside.

During a boat ride along Buffalo's waterfront, during which Governor Andrew Cuomo and other political leaders celebrated economic development, the head of Empire State Development announced that Moog Incorporated will soon spend million of dollars and create new jobs at two of its local sites.


Chris Caya WBFO News

The City of Buffalo is preparing to continue with the build out of Canalside. The process is expected to start moving forward in May. 


Millions of dollars are being invested into development projects on Buffalo's East Side. While plans are crystallizing at the former site of Buffalo Forge on Broadway, it appears an overhaul of the Central Terminal has been put on hold.  As Business First's Jim Fink points out during WBFO's Press Pass, though the delay may disappoint some,  the overall development discussion provides a positive sign for an often overlooked part of the city. 


Mike Desmond/WBFO News

The public had a chance to look at renderings of the proposed $30 million sports complex in Hamburg last night. The plan has drawn great reaction, not all of which has been positive.


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