WBFO Business & Economy Desk

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

Chris Caya WBFO News

The first phase of redeveloping one Buffalo's most iconic structures is complete. State and local officials helped cut the ribbon Thursday on the Richardson Olmsted Campus.

Michael Mroziak, WBFO

Guests at one downtown Buffalo hotel may now find some of their room service requests fulfilled by a short, silver butler who doesn't work for tips. The Westin Buffalo on Thursday formally introduced what managers say is the first robot butler to be utilized in any hotel in New York State.


While Governor Andrew Cuomo has hailed his administration's multi-billion dollar economic development investment in Upstate New York, the number of jobs produced by the effort sits well below national averages. That's part of the findings from a series of reports led by Investigative Post. Editor Jim Heaney discussed the series with WBFO.


AAA of Western & Central New York

If you’re planning to embark on a road trip this summer, be prepared to pay more at the pump.

rendering from BNHT Architects

A vacant building in a struggling area will be getting a makeover, after approval from the city Planning Board. The $5 million project at Jewett Avenue and Halbert looks to build upon the successful development of the nearby Tri-Main Center.


Karen DeWitt

Proponents of raising taxes on New York’s wealthiest say they have a new impetus to increase the state’s revenue — the continued bad news from Washington about deep federal cuts to health care and other areas.


NFTA

Plans for expanding Metro Rail service could be derailed under President Trump's proposed budget. And local economic development efforts may take a hit as a result.   

NYS Maple Producers Assoc.

This week's fresh blanket of snow should provide a nice scenic backdrop for what promises to be a sweet and tasty event in the countryside. Maple Weekend also provides an economic boost for the region. 

WBFO file photo

What does $50 buy in downtown Buffalo? When the city is hosting an NCAA basketball tournament, that's how much a parking spot might cost at certain times in prime lots.

by ANGELICA A. MORRISON / Lake Effect man on the handle of a beer tap at the Pearl Street Grill and Brewery in Buffalo New York.

Residents in the Great Lakes region are very familiar with Lake Effect snows. When cold, dry air passes over the lakes, it generates enough snow to bring white outs, vehicle pile ups, power outages and back-breaking shoveling. Despite all those problems, dozens of businesses and organizations have embraced the Lake Effect name.


Mike Desmond/WBFO News

The state treasury has  $14.5 billion of someone else's money, potentially your money. State Comptroller Thomas DiNapoli is trying to give it back.


For the sixth time since 2000, the NCAA Men's Basketball Tournament comes to Buffalo this week. The experience has helped tourism officials better plan for the crush of visitors, says Jim Fink of Business First. During WBFO's Press Pass, Fink talks about the tournament and the many development projects that are emerging in some long-forgotten parts of Buffalo.


When people hear the term “student loans,” they typically think of tuition bills, pricey textbooks and other campus-related expenses.

Bak USA

Bak USA is expanding its production facilities in downtown Buffalo to meet increasing demands for the company's computers.

Future of downtown movie screens remains dark

Mar 13, 2017
WBFO File Photo

In recent years the City of Buffalo has seen an increase in the number of residents living downtown. Vehicular traffic has returned to Main Street. And more restaurants and shops have opened. But there's still no movie theater.


Michael Mroziak, WBFO

The Buffalo-based business competition 43North, which has awarded millions of dollars to startups for the past three years, has officially launched its fourth annual contest. To help kick off the event Friday, guests including elected leaders and representatives of past winners took turns praising the program.


Mike Desmond/WBFO News

There's another fight brewing over a decaying Buffalo building. While it may be one of the oldest surviving structures in the city, the building currently features boarded up windows.


Chris Caya/WBFO News

Work on the $60 million Northland Corridor Redevelopment Project is ramping up. The focus of the mostly-state funded project is a workforce training center.

Michael Mroziak, WBFO

A downtown Buffalo casino is nearly finished with its $40 million dollar expansion. Casino officials invited local reporters to preview some of the new additions Thursday.


Signs of spring's early arrival can be seen across Western New York, with some flowers and trees starting to bloom. But what impact will the mild winter weather have on the local growing season?


WBFO's Mike Desmond

Buffalo's homegrown computer maker showed off its new expansion and manufacturing operation on Buffalo's East Side on Tuesday. Bak USA headquarters continues to expand in Compass East, on the site of the old Sheehan Hospital.

WBFO's Mike Desmond

Across Western New York, the list of plants that have closed is very long and getting longer. Those were good jobs and many paid well, well enough to support making life and a family possible. Tulip Molded Plastics just opened a newly renovated plant in Niagara Falls that is keeping its current workforce but finding it difficult to find more employees.

Photo courtesy of Buffalo Spree

The real estate market in the Buffalo Niagara region is red hot. The March issue of Buffalo Spree explores both residential and commercial real estate in Western New York. Editor Elizabeth Licata says the region experienced little impact from the bursting of the housing bubble in 2008. She tells WBFO's Mark Scott in this week's Press Pass it was that stability which is contributing to the hot market now.


WBFO's Mike Desmond

While there are major housing development projects going on in downtown Buffalo and along the city's Elmwood Strip, churches like True Bethel are developing their own neighborhoods.

Ciminelli Real Estate

It wasn't a comfortable room for developers of a planned project for the corner of Elmwood and Potomac Thursday night. Ciminelli Real Estate presented the latest version of its Reverie project to Elmwood Village residents steadfast in their opposition to the development.


Sinatra & Company Real Estate

Residents of McCarley Gardens can rest assured they'll be able to stay in their homes. They were threatened with demolition several years ago - under a proposed expansion of the adjacent Buffalo Niagara Medical Campus. But now the housing complex is slated for a major renovation. 


Michael Mroziak, WBFO

Later this month, "March Madness" returns to Buffalo when the city hosts first- and second-round games of the NCAA Men's Basketball Tournament. Local tourism leaders are acting to make sure the city and its businesses are ready.


Mike Desmond/WBFO News

The Common Council is looking at how to regulate and possibly tax home-sharing computer apps like Airbnb.


Kaspersky.com

New York is now the first state in the nation to enact regulations designed to protect consumer's private data. The new rules are also designed to protect the financial services industry from the growing threat of cyber-attacks.


Tommaso Briatico

There's going to be more renovation of Main Street's 500 block in Downtown Buffalo, a block of deteriorating buildings best known for decades as one where little happened.


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