Business/Economy

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

The City of Buffalo has completed the sale of a key piece of downtown land that will be used for a major mixed-use development.

Mike Desmond / WBFO News

One of the great collections of James Joyce manuscripts, the Fenian monument, a majestic view of Lake Erie and conversations about Irish investments in U.S. business were all part of the visit to Buffalo by Irish Ambassador Daniel Mulhall.

New York regulators have approved a settlement with Charter Communications resolving a dispute over rural broadband. The state's Public Service Commission endorsed the deal Thursday.

www.catsimatidis.com

Manhattan billionaire John Catsimatidis said his fight with the Town of Amherst over a former gas station site is just another example of an anti-business atmosphere in New York State.

BuffaloRising.com

From sensory deprivation tanks to working out on trapeze equipment, the alternatives are expanding in Buffalo for those seeking new paths toward fitness. During her appearance on WBFO's Press Pass, Holly Metz Doyle of Buffalo Rising discussed her exploratory work for a new series called "Budding New York." Doyle has been writing about the options, starting with her visit to The Flo on Allen Street.


File photo

A local manufacturer has signed a letter of intent to purchase 28 acres of property at the former Bethlehem Steel site to build a new facility.

Niagara Falls USA

Tourism is tourism and colleges are colleges. Niagara University is arguing its Niagara Global Tourism Institute melds the two and it's good for the community the college lives in.

Lee Iacocca, one of the best known auto executives, died Tuesday. He was 94.

Iacocca was a top executive at two of America's largest car companies — Ford and Chrysler. His career spanned decades and several generations. He was known for developing the Mustang and bringing the minivan to scores of American family garages, as well as orchestrating a remarkable turnaround at Chrysler.

His daughter Lia Iacocca Assad confirmed his death to NPR in a phone call.

Paulo O/Flickr (Public Domain)

Siena College released the New York State Index of Consumer Sentiment for the second quarter of 2019 today, and it shows a grim picture of how New Yorkers feel about the economy.

courtesy NFTA

The Niagara Frontier Transportation Authority has secured naming rights for its Seneca Metro Rail Station. It is the third such naming rights deal announced along the NFTA's rail line.

Antunovich Associates

Seneca One Tower has its first tenant since being purchased three years. M&T Bank announced today they signed a long term lease in the building to create a tech hub to continue to diversify the region’s economy.

Scharf's German Restaurant

A longtime Schiller Park landmark restaurant that moved to West Seneca five years ago is closing down.

Michael Mroziak, WBFO

The Peace Bridge Authority is celebrating the end of a multi-year, $100 million rehabilitation project which officials say will add many more years to the life span of a critical crossing for the region's important cross-border traffic.

Thomas O'Neil-White

The development of the workforce in areas like manufacturing was the key point in Buffalo Niagara Partnership’s release of their annual report today at Key Bank Center. While Western New York is headed in the right direction, Partnership President Dottie Gallagher said there still is a lot work to do in the coming fiscal year.

Pinterest

Niagara Falls' Main Street Business District has new investors moving in. Blue Cardinal Capital, a real estate private equity firm, is acquiring 38 properties in Niagara Falls, 21 of which are located along Main Street.

Opioid manufacturer Insys Therapeutics has filed for Chapter 11 bankruptcy protection, just five days after agreeing to pay $225 million to settle the federal government's criminal and civil cases against the company for bribing doctors to prescribe its fentanyl-based painkiller.

Thomas O'Neil-White

A day full of deep dives into workplace diversity and inclusion took place at the Buffalo Niagara Convention Center Monday. The symposium was presented by the Community Foundation for Greater Buffalo and the Buffalo Niagara Partnership.

Tioga Downs

Gambling regulators in New York have voted to allow sports betting at four upstate casinos.

Navigating gender and race through a mentor

Jun 10, 2019
Say Yes Buffalo

Upon completion of Leadership Buffalo, Dr. Genelle Morris completed a short questionnaire about what she could contribute to a mentor-mentee relationship. It was shortly after that Morris received a list of potential mentees as part of an effort to increase women-to-women mentor partnerships. On that list was the name Stephanie Peete, who was very specific about her requirements for a mentor.

Graspie

Corporate training for employees can be dull and tedious. But as WBFO's Chris Caya reports, an entreprenuer based at the Innovation Center on the Buffalo Niagara Medical Campus has developed a new way to train workers. 


The woman behind the slots at Seneca Gaming

Jun 6, 2019
Seneca Niagara Resort & Casino

Holly Gagnon is one of the few female CEOs in the gaming industry, but the third at Seneca Gaming Corporation. June marks her second anniversary leading four entertainment facilities in Western New York, which boast some 15 million guests per year served by more than 3,600 employees. June also is expected to reveal the completion of a $40 million renovation project that Gagnon said will "change the entire gateway" to Niagara Falls. WBFO's Marian Hetherly sat down with her to talk games of chance.

Chris Caya WBFO News

A new trade school has opened its doors near the former Central Park Plaza, on Buffalo's East Side.

National Museum of Industrial History

Looking for a day trip to honor Buffalo and witness something awesome at the same time? The National Museum of Industrial History in Bethlehem, PA is debuting the results of its decade-long labor of love this weekend to the public.

Tom Magnarelli / WRVO Public Media

Rep. Tom Reed (R-Corning) hosted U.S. Agriculture Secretary Sonny Perdue in Geneva Wednesday for a roundtable discussion with local farmers. Trade deals, China and labor were highlights of the conversation.

What are the odds of sports betting in NYS?

May 30, 2019
Leila Fadel / National Public Radio

It has been a year since the U.S. Supreme Court struck down a 1992 federal law prohibiting sports betting in most states. The PASPA (Professional and Amateur Sports Protection Act) decision - as it is called - opened the door to a new multibillion-dollar revenue stream that states have been exploring aggressively since, but a number of legal questions kept it from New York's budget this year. Here is a look at where the issue stands.

David Sommerstein / NCPR File Photo

A mid-level appeals court has declared that farmworkers have the same right to unionize as all other workers in New York State.

NYSEG

New York State Electric & Gas is requesting rate increases for the delivery of electricity and natural gas.

Dressbarn, the women's clothing chain founded in the 1960s as a place where women in need of career-wear "could find fashion at a value," is closing all its stores.

Ascena Retail Group announced the closure of about 650 stores late Monday, saying the "wind-down" would help the company focus on its more profitable brands.

Chris Caya/WBFO News

Tesla says it has hired more workers than required under a deal with New York state. To reach its goal, the company has started making more than just solar roofs at its Gigafactory 2 in South Buffalo.

Chris Caya WBFO News

Online shoppers are getting ripped off and its hurting the economy and workers, according to a new report issued Tuesday by the Better Business Bureau.


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