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Buffalo Business News



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Buffalo Business Report - Thursday, July 2nd 2015


Empire Genomics is hoping to raise $15 million in venture capital.  Local investors who already back the company are the most likely sources for that capital infusion.   The company is also looking for a larger headquarters site near the Buffalo Niagara Medical Campus, because it's outgrown its current Michigan Avenue home.

A Brooklyn-based real estate investor has

Buffalo Business Report - Wednesday, July 1st 2015


What makes a house a home?  For Tim and Emily Lowrey it's six 40-foot-long uniquely stacked shipping containers.  The Buffalo Planning Board has approved the unique design proposed for a vacant site at 31 Vandalia St.   Construction will start this summer.

Kenmore Mercy Hospital has received final state approvals for its $8 million renovation.  Business First

Buffalo Business Report - Tuesday, June 30th 2015


The State Health Department has awarded $7.3 billion to hospitals and health-care providers across the state to reform New York’s Medicaid system.  Awards were handed out to a pair of groups in Western New York: Business First reports Millennium Care Collaborative, led by Erie County Medical Center received $243 million; and Community Partners of WNY, led by Catholic Medical

Buffalo Business Report - Monday, June 29th 2015


The AAA reports the local average for a gallon of unleaded gas is $2.86.  The national average is $2.77.

A grand opening celebration is today for Five Star Family Care.  The facility at 5007 Transit Road features accessibility to primary care providers seven days a week with no appointment needed.

Amherst-based private geriatrics practice Stall Senior Medical LLC is

Buffalo Business Report - Friday, June 26th 2015


Buffalo drug development company Cleveland BioLabs Inc. has sold a controlling interest for $25 million.  Business First reports David Davidovich agreed to purchase 6.4 million unregistered common shares at a price of $3.87 per share.  The transaction calls for the company board to increase to 13 members from six, with 7 appointed by the new investor.

Four new tenants have

Buffalo Business Report - Thursday, June 25th 2015


There is significant movement on the re-use of the former Trico building on Ellicott Street.  The Krog Corp. filed its site plan application with the city to convert the 600,000-square-foot building into a hotel, apartments and other commercial businesses.  It's anticipated that the $50 million project will provide important services for the Buffalo Niagara Medical Campus and

Buffalo Business Report - Wednesday, June 24th 2015


A little over a week after adding to its ambulance fleet, Rural/Metro has added 17 new employees.  The new hires include two paramedics and 15 emergency medical technicians.

A second Home2 Suites hotel may be coming to Lancaster.  Plans are to demolish an existing Econo Lodge at Freeman and Transit roads.  Pending approvals, the work to clear the site could start this

Buffalo Business Report - Tuesday, June 23rd 2015


The effort to create a second site for the Lexington Co-Op is closer to its $2 million goal.  So far, $1.4 million has been pledged to the drive.  This past February, the co-op announced plans to renovate the former CVS Pharmacy store at 1678 Hertel Avenue into its second location.

Concerns about ebola have forced a modification to plans for the new John R. Oishei

Buffalo Business Report - Monday, June 22nd 2015


Just a two cent rise in pump prices from a week ago, according to the AAA.  That puts the WNY average at $2.86 for a gallon of unleaded.  The national average for a gallon of unleaded is $2.80.

Business First notes three new downtown restaurants are poised to open in the near future.  Adjoining sites in the 500 block of Main Street will soon be home to D’Avolio

Buffalo Business Report - Friday, June 19th 2015


According to the latest figures from the US Bureau of Labor Statistics, people in medical fields make the most in average salary in the Buffalo area.  Anesthesiologists are #1, with average yearly pay of $240, 700.  Also in the top five are dentists, specialized physicians and surgeons, chief executives and other surgeons.  Radio, TV and newspaper salaries did not crack the top

Buffalo Business Report - Thursday, June 18th 2015


Dave’s Christmas Central will be opening a third retail location.  Business First reports Dave's bought a vacant, former Kmart store on Transit and French Roads in Lancaster with plans to open a new outlet there by this fall.

Roswell Park Cancer Institute has received continuation of a major grant from the National Cancer Institute for research through the Roswell Park

Buffalo Business Report - Wednesday, June 17th 2015


At the request of ECC, the City of Buffalo has slightly changed course on its plans to develop 201 Ellicott Street.  A Request for Qualifications to identify a designated developer for the site has been issued.  This replaces the RFP released in May.  This RFQ is for a mixed-use development project that includes a full line grocery store, a significant residential element and a

Buffalo Business Report - Tuesday, June 16th 2015


A 216-acre parcel of land along Packard Road, just beyond the Niagara Falls International Airport and the Niagara Falls Air Reserve Station, is being auctioned online.  Business First reports the bidding is being conducted through tomorrow, with an asking price of $1.6 million.  Pyramid Brokerage Co. of Buffalo is working with Auction.com on the sale.

In earnings news: Kaleida

Buffalo Business Report - Monday, June 15th 2015


The AAA puts the current average cost for a gallon of unleaded gas in WNY at $2.84.  Our local cost has gone up eight cents in the past month.

Upstate Pharmacy Ltd. is trying to craft a deal for a proposed $1.7 million new headquarters and operations hub.  According to Business First, the company would move from leased space in West Seneca's North America Center to a new
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