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Buffalo Business News

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Buffalo Business Report - Friday, April 24th 2015

The ECIDA’s Board of Directors approved incentives for four Western New York projects, ensuring more than $29.3 in private investment in Erie County.  The moves also open the door for the revitalization of three Historic Register structures in the City of Buffalo.

A tentative series of tax breaks for the proposed $400 million Canadian Motor Speedway project in Fort Erie is

Buffalo Business Report - Thursday, April 23rd 2015

The Erie County Department of Central Police Services has announced that T-Mobile has joined the list of wireless carriers supporting “text to 9-1-1” in Erie County.  T-Mobile joins a group that includes Verizon Wireless, Sprint, and AT&T.

Picone Construction has completed a 4,000 sq ft interior build-out at the Maple Ayer Plaza in Amherst.

Buffalo Niagara International

Buffalo Business Report - Wednesday, April 22nd 2015

The New York trade mission to Cuba has already born fruit for Buffalo.  Business First notes that Roswell Park Cancer Institute has signed a deal with a Cuban cancer center to develop a new lung cancer vaccine.  Roswell CEO Candace Johnson reportedly signed an agreement Tuesday with Cuba’s Center for Molecular Immunology to develop a lung cancer vaccine with a clinical trial in

Buffalo Business Report - Tuesday, April 21st 2015

Dynabrade, Inc., the leading industrial abrasive power tool manufacturer, has completed the acquisition of the assets of National Detroit, Inc., based in Rockford, IL.  Terms were not disclosed.  Production operations will be relocated to Dynabrade’s Clarence, NY headquarters.

It's officially official:  Anchor Bar will be replacing a Nathan's Famous hot dogs

Buffalo Business Report - Thursday April 16, 2015

Uniland Development Corp has asked the Amherst Building Department for some rezoning that could eventually allow a six story hotel at Its University Corporate Center on Corporate Parkway off Maple Road, according to Business First's Jim FInk, who writ

Buffalo Business Report - Wednesday, April 15th 2015

Pharmacy Benefit Dimensions, a for-profit company and wholly-owned subsidiary of Independent Health, has more than doubled revenue in the past two years, growing from $4.4 million in 2012 to $9.1 million in 2014.  Business First reports the company has surpassed the 500,000-member mark - and projections for 2015 show continued growth.

McGuire Development Company has signed a

Buffalo Business Report - Tuesday, April 14th 2015

Southern Ontario-based Borderworx Logistics is working with the Niagara County IDA on plans to construct a 50,000-square-foot warehouse and distribution center in the Vantage International Point office park.  According to Business First, Borderworx could be creating 61 new jobs with its $3.52 million investment.

Officials from Gates Circle Holdings LLC will be meeting with the Buffalo

Buffalo Business Report - Monday, April 13th, 2015

The local franchisee for Sonic drive-in restaurants has honed in on a second location, even as the first planned site goes through the review process.  Business First reports Sonic’s local development team is close to signing a deal to bring a restaurant to a former Northwest Savings Bank branch that fronts the Eastern Hills Mall.  The original Cheektowaga site on Union Road is

Buffalo Business Report - Friday, April 10th 2015

Walgreens plans to close 200 U.S. drugstores as part of its cost-cutting measures.  The cuts include a corporate reorganization and a streamlining of information technology by the end of 2017.  There are about two dozen Walgreens stores in WNY.

Bank of America plans to close a full-service retail branch in Elma this summer, reducing its Western New York branch network to 31

Buffalo Business Report - Thursday, April 9th 2015

A development team led by Nick Sinatra, Nanco Inc. and JT Properties LLC will close today on the $1.25 million purchase of the former Franciscan Sisters of St. Joseph Motherhouse property along South Park Avenue in Hamburg.  Business First reports the sale includes nearly 18.5 acres of real estate and multiple buildings.

Engineered Composites Inc., a Buffalo-based compression molding

Buffalo Business Report - Wednesday, April 8th 2015

Lake Shore Savings Bank has announced an addition to its existing mobile banking app.  The new LS Mobile Deposit provides a simple method to deposit checks anytime and anywhere by taking a picture of the check with a smartphone or tablet.

Waterbourne Construction Advisors, LLC has been retained by ADK Hospitality to serve as the Construction Manager for a new hotel at Batavia Downs.

Buffalo Business Report - Tuesday, April 7th 2015

M&T Bank Corp's. often delayed merger with Hudson City Bancorp Inc. has been postponed yet again.  The bank says the merger will not take place before a planned target date of April 30th.  The Federal Reserve says it "will not be in a position to complete its review" of the deal before the end of the month.  M&T has spent millions of dollars to fix and enhance

Buffalo Business Report - Monday, April 6th, 2015

We begin this first Monday in April paying an average of $2.53 per gallon of unleaded in the region.  The AAA reports that's compared to last year's pump price of $3.74 - a difference of $1.21 per gallon.

SolarCity is ready to start staffing its massive solar panel production facility in South Buffalo.  The company has posted six positions on its website that will

Buffalo Business Report - Thursday, April 2nd 2015

Catholic Health ended 2014 with a $42.8 million surplus, continuing a 10-year trend of operating surplus.   Business First reports revenue for Catholic Health was $953 million last year, an increase of nearly 3.4 percent over 2013.

Independent Health finished 2014 with a $60 million deficit on premium revenue of $1.8 billion.

The state Health Department has granted
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