WBFO Business & Economy Desk

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

File photo/courtesy Central Terminal Restoration Corporation

Western New Yorkers will be out Monday celebrating Dyngus Day, the Polish custom marking the arrival of Easter and the end of the Lenten season. A cherished landmark in Buffalo's East Side, the Central Terminal, will be one of many venues hosting Dyngus Day events. Its caretakers say they are still moving forward to bring new life to the former train station.


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The company which has owned Eastern Hills Mall since 2003 now has its partner in place to begin a gradual transformation of the Clarence property into a mixed-use "town center." Amherst-based Uniland has become a co-owner of the property. The partners are reminding the public there's much more to do, though, before shovels go into the ground.


Alfred Angelo

Calling all brides-to-be. Alfred Angelo is liquidating the last of its bridal gowns.

Watts Architecture and Engineering, PC

The state has awarded another $4 million to the Buffalo Northland Corridor redevelopment project.

WBFO file photo

The drive to build ECMC's new Trauma Center/Emergency Department has taken another step forward. Key Bank Foundation is partnering with the First Niagara Foundation to donate $600,000 to the Trauma Center's capital campaign.

Buffalo Niagara Medical Campus

Many small businesses owned by minorities, women and veterans have limited opportunities to network with larger corporations. This barrier can prevent owners from taking their enterprises to the next level.

Chris Caya WBFO News

Nearly six months after filing for bankruptcy, Toys R Us is planning to sell or close all of its 800 stores across the country. So how will the changing retail landscape impact locally-owned independent toy stores?


Mike Desmond / WBFO News

For Women's History Month, Buffalo's Common Council on Tuesday honored 27 women who own businesses in South Buffalo.

Walden Galleria

Add another name to the list of bankrupt retail chains.

Massachusetts Institute of Technology

Automation in the workplace has replaced many jobs, a trend that has adversely impacted low and moderate income earners.

Chris Caya WBFO News

It's not only St. Patrick's Day weekend, it's also Maple Weekend, across Western New York. Along with lots of tasty treats, the event gives producers an opportunity to recoup some of their investment.

WBFO file photo

As Toys R Us prepares to close its doors for good, many customers are scrambling to return unused gift cards.

Chris Caya WBFO News

Congressman Chris Collins is backing President Trump's decision to impose a 25 percent tariff on imported steel and a 10 percent tariff on aluminum imports. The levies will take effect in about two weeks.  

Chris Caya WBFO News

The high price of sugar in the United States is hurting local food manufacturers, including an Akron based company.

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Brick and mortar merchants, across New York, are backing Governor Andrew Cuomo's sales tax fairness plan. If approved, it would not only generate revenue for Albany, it could help small businesses compete.

In reporting the recent good news about the Buffalo economy, Jim Fink says he feels like a "broken record, but it's a good broken record." During his monthly appearance on WBFO's Press Pass, Fink notes the $75 million investment by Ellicott Development into its 500 Pearl project. "Wasn't all that long ago that collectively ALL of the development in downtown Buffalo might have equaled $75 million."

Chris Caya WBFO News

At Canalside in Buffalo Monday, U.S. Senate Minority Leader Charles Schumer said he is pushing to get financing for the new Explore & More Children's Museum over the finish line.

Keith Perry

Real maple syrup is a sweet treat, but it often comes with a hefty price tag. This is why researchers are working to develop a new method to produce syrup.

Business and environmental groups are not always on the same side, but when it comes to Lake Ontario’s shores, there is some common ground.

Chris Caya WBFO News

New York state's economic development programs have been faulted for failing to create the jobs promised. But the program has had some success - including attracting a company to Buffalo that now controls thousands of wind turbines around the world.

New York State

New York residents love their beer. Now home to 400 breweries, the state has surpassed its previous record of 393 beer-making outlets back in 1876.

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.

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