WBFO Business & Economy Desk

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

Santoro Signs

A storied North Buffalo Catholic church wants to install a sign near a major intersection so people can find the church - and not the adjoining fast food restaurant commonly used as a guide.

As it distributes millions of state dollars to its winners, the 43North business competition has drawn attention to Buffalo from startup companies from around the world. While that notoriety possesses debatable value, the competition has not been as successful at finding companies willing to stay in Buffalo on a long-term basis. In her review of contest winners, Charlotte Keith of Investigative Post finds that out-of-town winners often leave after staying here for the mandatory one-year term.


Diocese of Buffalo

The Buffalo Catholic Diocese has sold its former St. Columban Center for $1.4 million.

WBFO file photo

Governor Cuomo is not pleased with the Republican House of Representatives tax overhaul plan, calling a key provision “double taxation” on some New Yorkers.


Business First has released its CORE Strength issue, the fifth straight year the far-reaching findings have been published. "It's the value of all the construction projects that are in the pipeline for the eight Western New York counties this year," explained Jim Fink of Business First during his monthly appearance on WBFO's Press Pass. By his calculations, the projects represent $20.6 billion in regional investment, an increase of seven percent over 2016.


Wall Street profits are up by one-third over the same period last year, the New York state comptroller said.


Michael Mroziak, WBFO

A new job training center in Buffalo's Jefferson Avenue corridor promises skills education in various fields for youth and adults living with developmental disabilities.


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.


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