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

Geico says it has plans to hire up to 800 workers in the Buffalo area this year.

WBFO News file photo

State Assemblyman Sean Ryan of Buffalo says the governor keep his word in proposing an extension of historic tax credits in his proposed budget plan.

Photo provided by New York Craft Malt

While smaller micro-breweries are becoming a growing part of the alcohol picture in this area, they usually don't rely on local sources for anything other than water.  But there's a growing supplier network feeding the breweries.

Chris Caya/WBFO News

Private and public sector employers across Western New York are being encouraged to support one another and boost the economy in the process through the Buffalo-Niagara Partnership's 'Buy Local Challenge.'

General Motors unveiled its 2014 Corvette Stingray at the Detroit auto show. Every car will have an engine made by the GM Powertrain Plant in the Town of Tonawanda.

First Niagara Bank

Business executives across New York State are less confident about the economic situation and their expansion plans for the future.

Trader Joe's decides on Boulevard location

Jan 7, 2013

The popular grocery chain Trader Joe's has chosen a location in Amherst for its first store in the greater Buffalo region.

File photo

Business owners and employees of Buffalo bars and restaurants are breathing a sigh of relief with news that the National Hockey League and its players have reached a tentative deal on a new collective bargaining agreement.

Two food processing plants in Dunkirk and Silver Creek are slated to close, eliminating 375 local jobs.

Photo from NY Engery Highway Website

New York State is putting another $250 million  into alternative energy projects around the state, especially Upstate.

WBFO News file photo

A local developer is continuing to push a unique plan for revitalizing downtown Buffalo's central business district.

Rudnick retiring from influential Partnership

Dec 19, 2012

After more than 20 years on the job, Andrew Rudnick is retiring as President and CEO of the Buffalo Niagara Partnership.

Photo from St. John Fruit Belt Community Website

More new housing is going up near the Buffalo Niagara Medical Campus. State and local elected officials and religious leaders officially broke ground Friday, December 14, 2012 for 49-new townhomes at the corner of Maple and Virginia Streets in Buffalo.

File photo

A prominent Buffalo developer say he is disappointed to learn that Governor Andrew Cuomo will likely put his veto pen to the Historic Tax Credit bill.

General Motors unveiled its new 2014 Chevrolet Silverado and GMC Sierra models Thursday. The engines for the new lines are being built here in Western New York. 

Attorney general files suit against FWS

Dec 10, 2012

New York's attorney general has launched a lawsuit against the owners of Buffalo-based FWS furniture company, which recently went out of business, costing customers thousands of dollars. 

WBFO News photo by Eileen Buckley

The future of downtown's largest building is uncertain.  HSBC Bank has announced that it will leave the HSBC Center as of early next year. 

WBFO News photo by Eileen Buckley

A big emphasize is being placed on supporting local merchants this holiday shopping season.  The tourism group Visit Buffalo Niagara is reminding citizens about our independent retailers and encouraging Canadians to head over the border for their Christmas shopping.

WBFO News photo by Eileen Buckley

Rich Products is making a major investment at its Niagara Street headquarters.  The company has announced it will invest $18.45 million to expand and create a Customer Innovation Center. 

Press Pass: step-by-step city development

Nov 26, 2012
WBFO News photo by Mike Desmond

Buffalo businessman Mark Croce continues the huge task of working to renovate the Statler Towers on Delaware Avenue.  It's one of many revitalization projects underway in the city.   WBFO's Eileen Buckley and Buffalo News reporter Brian Meyer discusses Croce's progress in this week's Press Pass conversation.

WBFO News by photo Mike Desmond

The historic Statler Towers in downtown Buffalo still looks a little tattered outside and the safety scaffolding remains in place in case more of the outside falls off.  But the proprietor, Buffalo developer Mark Croce, says things are going well inside.   

Wal-Mart workers and their supporters used Black Friday to stage a series of protests outside stores nationwide, including one in the Buffalo area.  They blasted the low wages Wal-Mart pays as well as the way the retailer treats its employees.

It was a Black Friday unlike many others in recent years.  The early start of the shopping season on Thanksgiving night meant crowds were more manageable Friday.

A group representing the local business community has released its list of priorities for boosting the region's economy.

WBFO News photo

Friday is a work day in Canada, but Black Friday being pushed in Ontario.  Black Friday is said to be the day when shopping the day after American Thanksgiving turns corporate books from red ink to black ink.

WBFO News photo by Eileen Buckley

More than 140 people are taking part in a weekend program at Medaille College, designed to help entrepreneurs launch their ideas into the marketplace. 

Chris Caya/WBFO News

There appears to be no end in sight to the hockey lockout.  The National Hockey League on Friday announced the cancelation of regular-season schedule through the end of November. 

The lockout is having a significant effect on local businesses that rely on hockey-generated revenue.  Friday afternoon, a group of local business owners gathered to discuss the economic impact of the ongoing stalemate.

Templeton Landing manager Christy Vukelic says says the lockout has had a devastating effect on her business and she has had to lay off workers.

An investment group featured two local developers submitted the winning bid for the Grand Island Holiday Inn Resort and Conference Center Wednesday morning. 

Business First reports that in an auction that included ten registered bidders, a group led by developer Roger Trettel came out on top with a $4 million bid.  The winning group outbid a firm from Elmira in what the publication calls a "hectic" auction that featured 19 back-and-forth bids.

Job cuts coming to Dupont's Tonawanda plant

Oct 23, 2012

DuPont has also announced a worldwide reduction of 1,500 jobs over the next 12 to 18 months. That will include some positions at DuPont's Yerkes plant in Tonawanda by the end of the year.

Weak quarterly earnings reports and lower profit expectations from 3M and DuPont sent stocks tumbling today. The company blames continued low production volumes at the Tonawanda plant at River Road and Sheridan Drive.

Photo from OutFront Website

A private Canadian company based just across the border near St. Catharines is setting up shop on Buffalo's East Side. The expansion project will help create jobs and keep the doors open at a manufacturing facility that was about to close.

Businessman Tony Van Es has purchased a troubled manufacturer at 50 Wecker Street just off Bailey near Delevan. He is renovating the facility, buying new equipment and planning to add as many 60 employees over the next few years.

Van Es says they will be good-paying jobs.