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Buffalo Business News



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Buffalo Business Report - Thursday, August 21st 2014


Local retailer Tee Shirt University has promised refunds for any Bills merchandise purchased in the month of August if the team breaks its playoff drought.  City Mattress has a similar promotion involving mattress purchases.

http://teeshirtuniversity.com/pages/bills-august-promotion

AT&T has expanded its 4G LTE network in Amherst.  New coverage areas include Nature View Park,

Buffalo Business Report - Wednesday, August 20th 2014


The Buffalo Bills have chosen VITEC for High Definition Digital Television delivery to over 920 displays throughout Ralph Wilson Stadium.  VITEC is billed as a worldwide leading provider of powerful digital video solutions.  terms of that deal were not publicly announced.

Fenner Precision’s Buffalo facility will close on December 31st unless a commercial buyer can be

Buffalo Business Report - Tuesday, August 19th 2014


Unifrax has selected the Town of Tonawanda for another major expansion effort.  Business First reports Unifrax proposes investing slightly more than $18 million in the project, which would see the company construct a 76,000-square-foot plant in the North Youngmann Commerce Center. If approved, the 12-acre site would initially create 25 jobs.

The Amherst Industrial Development Agency

Buffalo Business Report - Monday, August 18th 2014


The current average price for a gallon of unleaded gas in the Buffalo area is $3.75.  The AAA pegs the national average at $3.45.

QVC viewers in the region will see a familiar product for sale this Wednesday.  Sahlen hot dogs are expected to be available for purchase sometime in the mid-to-late afternoon hours.

Sprint is expected to announce cheaper pricing plans this

Buffalo Business Report - Friday, August 15th 2014


Local real-estate investors Aaron Siegel and Brett Fitzpatrick will officially announce today their $28 million purchase of 17 properties in Buffalo’s Allentown and West Side neighborhoods.  They will then explain a $42 million project to improve the buildings, which house nearly 300 affordable housing units.

Batavia's Graham Corporation reports it has locked up a pair

Buffalo Business Report - Thursday, August 14th 2014


The Niagara County Industrial Development Agency accepted applications for assistance from a pair of businesses.  A Sleep Inn proposal will invest approximately $4.430 million for construction, site work and new equipment at 7804 Niagara Falls Boulevard in the city of Niagara Falls.  Ultimate Physique Inc. plans to relocate and renovate its fitness facility.  It's headed

Buffalo Business Report - Wednesday, August 13th 2014


The federal National Park Service awarded Buffalo-based Delaware North Cos. a long-term contract to operate the Yavapai Lodge and other select visitor services in the Grand Canyon National Park.  Business First reports Delaware North was awarded the 15-year contract following a lengthy bidding and review process.  No terms were made public.  Delaware North takes over the operations

Buffalo Business Report - Tuesday, August 12th 2014


The NFTA will officially announce the addition of international flights at Buffalo Niagara International Airport today.  Toronto-based Sunwing Airlines will offer direct flights to Mexico and the Dominican Republic, beginning in early 2015.

The Oishei Foundation is the latest tenant to leave One Seneca Tower.  Business First reports it will not be renewing its lease.  The Oishei

Buffalo Business Report - Monday, August 11th 2014


The AAA reports that the local average cost for a gallon of unleaded gas has eased by two cents to $3.77 per gallon.

The sale of the Fort Erie Race Track and the entire 338-acre property to a Buffalo-based buyer will be finalized today.  That's according to the Fort Erie Times.  Developer Carl Paladino is among the group buying the land from Nordic Gaming.  At the moment

Buffalo Business Report - Friday, August 8th 2014


Starting Monday, E-Z Pass will be accepted at the Rainbow, Whirlpool and Lewiston-Queenston bridges.  Last month, Erie County Clerk Chris Jacobs noted that E-Z Pass tags can be obtained for $25 at all of its auto bureau offices.

The Fort Erie Times reports a sale of Ft. Erie Racetrack remains imminent.  A Buffalo-based buyer has emerged as the new owner.  Of specific

Buffalo Business Report - Thursday, August 7th 2014


Bankrate-dot-com notes mortgage closing costs rose six percent over the past year and now average $2,539 on a $200,000 loan.  New York State had the third highest closing cost in the nation at $2,892 - nearly $400 more than the average.  Texas and Alaska rank #1 and #2.

Marco’s Italian Deli is leasing 800-square-feet in the UB Commons.  The new site is the

Buffalo Business Report - Wednesday, August 6th 2014


Buffalo-based Better Wire Products has acquired Tooling Enterprises of Buffalo.  The deal increases stamping capabilities from 150 to 400 ton maximum press size.  The company will also be known as Better Wire and Press.  Financial terms were not announced.  

EnergyMark of Williamsville has been awarded a 1-year contract for over $4 million.  The deal with the

Buffalo Business Report - Tuesday, August 5th 2014


Business First reports July was a busy month for real estate deals in Erie County.  Out of 1,981 total transactions, 337 were for $200,000 or more.  Amherst had the largest number of high-end deals with 85.  There were 48 in Buffalo at 48, 39 in Clarence, Lancaster had 31 and Hamburg 25.

A pair of first happening in the area Thursday.  At 11am, the first New York

Buffalo Business Report - Monday, August 4th 2014


The AAA records the current cost for a gallon of unleaded gas in the region as $3.80.  At the same time, the national average sits at $3.50 per gallon.

VanDeMark Chemical Inc. of Lockport, has acquired Framochem Kft of Hungary.  VanDeMark is the largest, independent manufacturer of phosgene and phosgene derivatives in North America.

Howden Fan is moving from Wehrle Drive

Buffalo Business Report - Friday, August 1st 2014


Low-cost hydropower has been granted to five area projects.  They are: Royal Plastix USA of Buffalo; Innomotive Solutions Group in Lancaster;
The 3M Co. and Praxair of Tonawanda and the NFIA Stakeholders Group.  The latter is a non-profit consisting of area government entities and businesses interested in expanding air services in Niagara Falls.   In exchange, the companies
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