WBFO Business & Economy Desk

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

BNP

A new campaign is underway to promote the positive impact that adaptive reuse projects have had in the City of Buffalo. The goal is to prevent potential changes that supporters say could derail the city's renaissance.

WBFO file photo

Even with the passage of 35 years, Noel Varela has all-too-vivid memories of December 27, 1982. On this day, Bethlehem Steel announced plans to shut down nearly all steelmaking operations at its Lackawanna Plant within six months.

National Public Radio

Under a new state policy taking effect January 1, workers across New York will be eligible for Paid Family Leave. 


The Lockport and Newfane-based hospitals of the Eastern Niagara Health System will soon join the Kaleida Health family.


Local developers have been watching Washington carefully, as Republicans in the two houses put together their tax bill, with potentially devastating effects on local development.

National Public Radio

New York Gov. Andrew Cuomo, who has instituted a minimum wage increase for most workers in the state, now wants to extend that rate to tipped workers, including wait staff and car washers. That news is causing a backlash from restaurant owners and small business groups.


City of Buffalo

The Jefferson Avenue business district, in Buffalo, is slated for some major improvements. And it's starting out with free Wi-Fi.

Mike Desmond / WBFO News

One of Western New York's most powerful business and civic leaders has died. Robert G. Wilmers, the CEO and chairman of M&T Bank, died unexpectedly Saturday night in New York City.

Michael Mroziak, WBFO

Several months after Empire State Development announced plans by a New York City-based company to create hundreds of jobs in the Buffalo area, the ribbon was cut on its new offices. Strategic Financial Solutions, with the help of incentives from New York State, aims to create 1,500 jobs over the next five years.


National Public Radio

The Federal Communications Commission voted Thursday to end rules making the internet open to all - what is called net neutrality - and by the end of the day, New York State Attorney General Erie Schneiderman said, "See you in court."

Karen Dewitt File Photo / WBFO News

A ceremony to award economic development grants to regions of the state was overshadowed by developments on the federal tax overhaul plan in Washington, as the House and Senate announced agreement on a final plan to be voted on as early as next week.


courtesy governor.ny.gov

Gov. Andrew Cuomo and other state leaders on Wednesday gathered in Albany to announce an estimated $800 million in awards for the state's Regional Economic Development Councils. Western New York will receive $68.8 million for more than 100 projects.


LaunchNY.org

Where do you go if you've got a great idea for a new product or business but need advice on how to get started? And how to fund your dream? A local organization is giving entrepreneurs across the region a leg up.

The Buffalo Niagara International Airport scored a victory when Frontier Airlines decided to provide service there. According to Jim Fink of Business First, the discount air carrier was also being pursued by airports in Rochester and Syracuse. Fink says Frontier will fill an area need when it begins flying from Buffalo to Denver.


Michael Mroziak, WBFO

Business leaders and local elected officials were both celebrating the announcement Monday morning that for the first time in seven years, flights directly to Albany will again be available from the Buffalo Niagara International Airport.


Mike Desmond / WBFO News

Financially struggling Canisius College is now dealing with very public labor problems.

Michael Mroziak, WBFO

Niagara Frontier Transportation Authority officials celebrated the first day of service Wednesday by Frontier Airlines at the Buffalo Niagara International Airport. The carrier will provide service to four Florida cities while offering passengers to choose and pay based on the level of their needs.


Chris Caya WBFO News

A free shuttle service has given some local businesses a shot in the arm. A new report shows the Discover Niagara Shuttle had a $35 million economic impact in Niagara County in 2016.

File Photo / WBFO News

While it may seem as if there is a lot of vacant land around Western New York for potential industrial development, the experts say Erie County is developing a shortage.

Mike Desmond/WBFO

Housing prices in Buffalo are rising to the point prices are going up in some neighborhoods with traditionally lower prices. Council member Richard Fontana is seeing that in his Lovejoy district, where he's the elected representative and a longtime realtor.


Christmas Tree Farmers Association of New York

As shortages of Christmas trees drive up prices in some parts of the country, a statewide expert says New York has an abundant supply of trees.

Chris Caya WBFO News

The World Junior Hockey Championship returns to Buffalo next month. Teams from ten countries will be competing and the event is expected to draw thousands of visitors.

File Photo: Michael Mroziak WBFO News

A popular East Aurora establishment known for its chicken wings and beef on weck is expanding in the Northtowns.

Buffalo Rising

It came with a price tag approaching $1 million. A 6,000 square-foot mansion on Summer Street was purchased and will be rented through Airbnb. DeChantell and Jessica Marinelli of Buffalo Rising say the investment is more proof of the continued growth and potential of the Buffalo tourism industry.


Preservation Board allows for Rumsey Road demolition

Nov 27, 2017
Mike Desmond/WBFO

Often the subject of controversy, home demolitions in the city of Buffalo have been common occurrences in recent years. Now, a demolition recently approved by the Preservation Board is drawing attention. It's taking place on Rumsey Road, home to some of Buffalo's finest houses.


Holiday Valley opens today

Nov 24, 2017
Holiday Valley

The region's skiers have reasons to be thankful this weekend: Holiday Valley has opened five slopes and two lifts today.

Mike Desmond/WBFO

More change is coming to Hertel Avenue. A decaying gas station at the intersection with Parkside Avenue will be removed to make way for a five-story, mixed-use development.


Mike Desmond/WBFO

Buffalo City Hall is making it easier to shop in the city for this hard-core shopping weekend.


Mike Desmond/WBFO

The annual public hearing is perhaps the most high-profile event in Erie County's budget process. The session Tuesday drew another large crowd as interested parties shared their views of the spending plan prepared by Erie County Executive Mark Poloncarz.


Chris Caya WBFO News

Federal law enforcement agencies are warning consumers about fake goods flooding the market.

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