WBFO Business & Economy Desk

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

New York Gov. Andrew Cuomo, in a conference call with California Gov. Jerry Brown, singled out two New York GOP congressmen for criticism after they voted for a budget measure that clears the way for a vote on the Republican plan to overhaul the tax system.


Many blue-collar jobs are morphing into “new-collar” opportunities that are technology-based, according to some workforce development experts.

The state’s governor and senior senator teamed up Monday to urge New York’s congressional delegation to oppose a provision in the federal tax overhaul plan that they say could be harmful to the state’s taxpayers and economy.


Buffalo played host to a first-of-its kind travel and tourism summit, bringing national industry leaders to town. It was a chance for local tourism leaders to learn what they're doing right, and where there's room for improvement.


courtesy Invest Buffalo Niagara

It's official: the Buffalo-Rochester Metro Corridor has submitted its bid for online commerce and cloud computing giant Amazon's planned second North American headquarters, known as HQ2. This region is pitching its lower cost of living, workforce and readiness to move the company into the region. But it's up against fierce competition including three other bids from within New York State.


canstockphoto.com

When it comes to identity theft and fraud, New York has the dubious distinction of ranking as the ninth most vulnerable state in the nation.

Buffalo Rising

At the age of nine, Zandra Cunningham began her line of beauty products. Her remarkable eight-year rise through the business world is highlighted during WBFO's Press Pass.  Contributor DeChantell and Jessica Marinelli of Buffalo Rising also discuss the sustainability efforts of the Repair Cafe and the opening of Rowhouse Bakery and Restaurant, an ambitious culinary undertaking in downtown Buffalo.


The state’s comptroller is siding with Gov. Andrew Cuomo over concerns that federal health care cuts will damage New York’s budget, but he said the governor’s budget experts should have saved more money in rainy day funds.


Buffalo Automation Group

A sea change could be on the way for lake freighters and other watercraft. A local start up is developing technology that could revolutionize how ships navigate from port to port. 


Michael Mroziak, WBFO

Government and economic leaders in two Western New York cities believe that by joining in a strategic collaboration, they are raising the region's chances for attracting one of the most coveted economic development projects in recent memory, Amazon's proposed second North American headquarters.


The tax overhaul plan proposed by President Donald Trump and now being considered in Congress would end the deduction on federal income tax forms for state and local property taxes. Gov. Andrew Cuomo said it would disproportionately harm New Yorkers, where property taxes are among the highest in the nation, and he’s taken opportunities at recent public events to make the case against the plan.


DEC seeks input on Southern Tier gas pipeline

Oct 9, 2017

The Department of Environmental Conservation is looking for input from Allegany County residents as National Fuel looks to install a 1.5-mile gas pipeline along Stone Dam Road.

Mike Desmond/WBFO

The city Preservation Board on Thursday unanimously rejected demolition permits for the buildings at Elmwood and Forest to make way for the Chason Affinity project. That refusal, however, may not put an end to the proposed development.


Mike Desmond/WBFO

The winners in the annual 43North business plan competition range from electronically testing milk to devices treating patients with kidney failure to a software platform for high-end barbers. The millions in awards were handed out as scrutiny increases on the competition which has struggled to identify startups capable of keeping jobs in Buffalo over the long term.


Mike Desmond/WBFO

The second phase of investment from the state's Buffalo Billion initiative will be directed downtown. However, Buffalo won't be the beneficiary; instead, the money will provide a boost to the downtowns of Gowanda, North Tonawanda, Lackawanna and Dunkirk. 


New York’s Democratic lawmakers are vowing to fight President Donald Trump’s tax overhaul proposal, perhaps even in court.


Erie County Executive's Office

Local officials and business owners came together for the signing of a new executive order that focuses on hiring local labor for large construction projects in Erie County.

Michael Mroziak, WBFO

Buffalo played host Wednesday to a conference on affordable housing at the Hotel Henry. During welcoming remarks, the mayor hinted of an upcoming plan to create such housing throughout his city.


WBFO File Photo

A delegation of lawmakers and first responders will head to Albany Wednesday morning, seeking a state certification allows an emergency services company to operate throughout Niagara County.


Michael Mroziak, WBFO

The City of Buffalo is marking Minority and Women Owned Business Week. Several events are planned to help stimulate entrepreneurship.


WBFO's Chris Caya

Northtown Plaza in Amherst will be welcoming more big-name stores, as it continues to transform itself.

Michael Mroziak, WBFO

It's a long-known truth that women and men who work the same job do not bring home the same amount of pay. Local women's advocates provided updated statistics on Thursday that show the gap remains wide for all women, but is worse for women of color. And women's groups say the inequality hurts not just the women but families and the entire economy.


The movement to attract a multi-billion dollar project by an online shopping and sales giant is gaining steam. Leaders at various levels of government are looking forward to submitting a proposal to bring Amazon's planned second North American headquarters to the Buffalo area.


Google Maps

It used to be home to the Wildroot hair product company. Local preservationists see the abandoned building on Buffalo's East Side as having great potential for reuse. On Monday, they hosted a block party to hear the community's ideas for how to do it.


Mensch Capital Partners

Despite a last-minute legal effort by Mensch Capital Partners to halt the proceedings, a public meeting was held Monday night, giving speakers a chance to offer their thoughts on a proposed development at the former Westwood Country Club. "The Amherst chamber was packed with people," Town of Amherst Supervisor Dr. Barry Weinstein told WBFO. "About 25 to 30 people spoke, most spoke in opposition."


Though in its early days, Whole Foods is enjoying great success at its location in Amherst. According to Jim Fink of Business First, company officials are monitoring that activity as they weigh further expansion in the region. "They have an urban supermarket model, called '365.'" That model, Fink said, could lead to a location in the city of Buffalo. It's one of several issues discussed during his monthly appearance on WBFO's Press Pass.


Equifax.com

In light of the recent massive data breach at the credit reporting company Equifax, Gov. Andrew Cuomo’s administration is taking steps to make sure that in the future, the credit agencies have better cybersecurity in place.


Michael Mroziak, WBFO

The president of Erie Canal Harbor Development Corporation says visitors to Buffalo's Canalside will soon see noticeable progress in the construction of a highly-anticipated venue.


The Buffalo region has made it on the top 10 list of most recovered housing markets in the nation.

You know the story: Boy meets spider. Spider bites boy. Boy develops extraordinary powers – and uses spider silk to design uber-cool suit.  

Now, scientists are flirting with the world of sci-fi – and using genetic engineering to develop real-life uses for that silk.


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