WBFO Business & Economy Desk

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

Michael Mroziak, WBFO

The City of Buffalo has named Next Street as the program operator of a small business advisory service named in honor of a longtime Buffalo Councilwoman.


Mike Desmond/WBFO News

Erie County Legislators are likely to vote later this month on a proposal from Legislator Ted Morton to require the county to buy goods that are "Made in America."


Sam Kmack, NY Now

There’s some good news and some bad news from the state comptroller’s office. The state’s nearly $200 billion pension fund is doing well, thanks in part to the booming stock market, but there are some worrisome signs for the future of New York’s finances.


Michael Mroziak, WBFO

The Cuomo Administration is celebrating a milestone in the state's film tax credit program. It says one million hires have been supported by the program. While those jobs are mostly temporary, local individuals with close ties to the film industry say it is making a positive economic impact.


Michael Mroziak, WBFO

The Buffalo Passport Agency is expanding. Officials say the downtown office is becoming an increasingly important center for passport processing and now draws customers from other cities including Cleveland, Pittsburgh and New York City.

  

Americans for the Arts

The economic power of Western New York's arts community is detailed in a new study from Americans for the Arts, which estimates a $352 million regional impact.


Amherst Chamber of Commerce

After 35 years, the Amherst Chamber of Commerce  is getting a new President.

WBFO's Mike Desmond

It is not just that old industrial buildings in Buffalo are being converted for other uses, mostly housing. A new coffee house in the Old First Ward is benefiting from nearby new housing, as well as city natives returning here with ideas from other places.

Can passenger trains power Buffalo's economy to the next level?

Aug 7, 2017
Eileen Elibol

Many in Western New York have been talking about expanding public modes of transportation as a way to boost the economy and better connect residents and visitors. Expanded bus service, rapid transit and passenger trains are all on the table. Most recently, Niagara Falls opened an expanded new Amtrak station and Buffalo decided to locate its new station in downtown. WBFO's Marian Hetherly and Eileen Elibol decided to take the 45-minute train from Depot Avenue in the Falls to Exchange Street in downtown Buffalo for insight from the employees and passengers who ride the rails.


Michael Mroziak, WBFO

Three organizations with ties to Canalside, including two that are in the planning or construction phases of future facilities along Buffalo's waterfront, are receiving state grants to help with capital needs. State Senator Chris Jacobs was at Canalside Friday morning to announce the funding.


Michael Mroziak, WBFO

A well-seasoned comedian, actor and commentator was in the building when Governor Cuomo announced additional state support for the National Comedy Center's future home Thursday. Lewis Black, who has stopped in Jamestown many times throughout his career, sees the potential of the center and he, too, has noticed the city's development.


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.    

pattayamail.com

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.


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