WBFO Business & Economy Desk

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

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.


Chris Caya WBFO News

A long-vacant former office building in downtown Niagara Falls has been converted into a new hotel. It is just the latest project to receive state funding as part of Gov. Andrew Cuomo's plan to revitalize the Cataract City. 

Graphic Controls to move 43 jobs into downtown Buffalo

Sep 15, 2017
Michael Mroziak, WBFO

Graphic Controls is moving jobs from a closing out-of-state operation into Buffalo, with some help from New York State's Excelsior program.

National Public Radio

Increasingly, American companies rely on parts from overseas to reflect prices, quality or supply. That can get complicated because of trade rules, financing issues and differing quality rules among nations. However, for American companies to have a solid future, they must export to other available markets.

New York State Thurway Authority

Gov. Andrew Cuomo said New Yorkers who use the state Thruway will have a bit of a wait before more cashless tolling is installed on the nearly 500-mile tolled portion of the road.


University at Buffalo

Nearly 400 eager minds came out for the first annual Entrepreneurs Festival hosted at University at Buffalo’s North Campus Thursday. The summit, sponsored by Blackstone LaunchPad at UB, was an opportunity for students and community members to gain more information on entrepreneurship.

WBFO File Photo

Between public spending and private investment, Buffalo has seen $800 million in infrastructural changes that one local tourism agency leader says has been paying off.


Michael Mroziak, WBFO

A major bass fishing tournament is coming to Buffalo's Outer Harbor next summer. What tourism leaders hope it will do is, besides generate a modest one-time economic impact, reel in additional interest in an already busy local industry.


Michael Mroziak, WBFO

One industry's waste water is another's ideal resource to grow its supply. A new partnership pairs a Chautauqua County beverage maker with a fish growing operation that will use by-products from the former to help feed the stock that will, one day, be served to a hungry customer.


Marketplace

Erie County is competing in one of the great corporate gold rushes: the fight to grab Amazon's new $5 billion corporate home and potentially 50,000 jobs averaging $100,000 a person.

WBFO's Mike Desmond

Erie County Executive Mark Poloncarz has a week to decide if he wants to approve a local law giving 'Made in America' preference to contracts over $10,000, then send it to the voters for a decision.

Michael Mroziak, WBFO

A "golden brick" ceremony was held Wednesday afternoon at the site of the former Great Atlantic and Pacific Tea Company warehouse in Buffalo's Larkinville neighborhood. The building, built in 1910, is being converted into a mixed-income apartment complex.


New York State

Although upstate regions continue to struggle, New York State had more jobs last year than at any time since the Great Recession, according to a new report on employment published Monday by New York State Comptroller Thomas DiNapoli.

WBFO File Photo

Though cashless tolls have yet to appear in Western New York, their possibilities are creating conversation among local officials. One elected leader believes the system could ease some of the long-term problems caused by the Williamsville toll booths.


courtesy John Cappellino, ECIDA

Just behind the old Big Tree fire hall, the Buffalo Southern Railroad runs over a culvert carrying Rush Creek under the rail line. Years of high water have begun to damage the culvert and plans are now being formed to tackle the complex repair.


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