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Buffalo Business News

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Buffalo Business Report - Wednesday, October 1st 2014

Design and construction firm Wendel has agreed to shift its corporate headquarters from John James Audubon Parkway to Ciminelli Real Estate Corp.’s Centerpointe Corporate Park.  Business First reports the move to 375 Essjay Road should be completed by next April.

Synacor Inc. has let go 70 employees in what was termed a “workforce reduction.”  About 50 of those jobs

Buffalo Business Report - Tuesday, September 30th 2014

According to Business First, M&T Bank is close to capturing half of the total deposit market share in the region.  As of June 30th, M&T held $18.9 billion in local deposits, representing 45.9 percent of the region’s total deposit market share.  The FDIC notes that's up from last year when M&T held roughly $16.2 billion in local deposits, for a total market share of

Buffalo Business Report - Monday, September 29th 2014

The AAA reports that the local average cost for a gallon of unleaded gas has only dropped by a penny from last week, to $3.65.  The national average is at $3.34 per gallon.

Late last week, Governor Andrew Cuomo announced $94 million will be awarded for 142 solar projects across the state.  There are nine project sites in Western New York: seven in Erie County and two in

Buffalo Business Report - Friday, September 26th 2014

The Welland Tribune notes that Fort Erie Racetrack's immediate future has been secured.  A minimum of 37 race dates will be held in 2015 thanks to new ownership and a pledge from the provincial government that the track is part of its five-year Horse Racing Partnership Plan.

Picone Construction has completed the building of the new Arby’s Restaurant at 5115 Camp Road in

Buffalo Business Report - Thursday, September 25th 2014

The Buffalo Bills have announced a partnership with 100% Natural Beverages to market Bills Water.   The 20-ounce bottles will be sold at Tops.  A $1 donation to the Hunter’s Hope Foundation will be made for each case sold.  Business First reports the water contains higher levels of calcium, magnesium and alkalinity  compared to many national brands.

A slight

Buffalo Business Report - Wednesday, September 24th 2014

August unemployment numbers for the Buffalo-Niagara Falls region were down by more than a full point.  The State Labor Department says August unemployment was at 6.1%, compared to 7.2% for August of last year.

A report from Virtual PICU Systems, LLC indicates the Pediatric Intensive Care Unit at Women & Children’s Hospital of Buffalo cared for the 3rd sickest patients, yet recorded

Buffalo Business Report - Tuesday, September 23rd 2014

SelectOne Search LLC plans to move its offices from Amherst to a long-vacant building at 760 Seneca St.   SelectOne is a firm that specializes in job searches and placements.

RealtyUSA has acquired a smaller agency for the second time in as many weeks.  Business First reports that Amherst-based RealtyUSA has acquired Metro Zientek, a 20-year-old agency based out of Arcade. No

Buffalo Business Report - Monday, September 22nd 2014

The AAA reports the local average price for a gallon of unleaded in the Buffalo metro area has dropped seven cents to $3.66.  The national average is $3.34.

Prospective Bills' owner Terry Pegula has sold off his interest in Five Star Athlete Management.  It was an expected move, since NFL rules prohibit its owners from also owning NFL player representation firms. 

Buffalo Business Report - Friday, September 19th 2014

Empire State Development Corp.’s board of directors has approved funding to purchase roughly 50 acres of underutilized industrial land on Buffalo’s East Side.  Business First reports the objective is to develop a business park focused on manufacturing and energy.  The acquisition involves a number of identified properties on East Delevan, Northland and Dutton avenues, with a

Buffalo Business Report - Thursday, September 18th 2014

FedEx has leased 53,000-square-feet in McGuire Development’s Concourse Center for its ground package systems.  The center is on Genesee Street in Cheektowaga almost across from Buffalo Niagara International Airport.  Samson Distribution recently agreed to lease 42,000-square-feet in the Concourse Center, which should be running later this fall.

The Buffalo and Erie County

Buffalo Business Report - Wednesday, September 17th 2014

The Erie Canal Harbor Development Corp. and the New York State Office of Parks, Recreation and Historic Preservation have jointly issued request for proposals for an operator to run the Buffalo Harbor State Park Marina, formerly known as the Small Boat Harbor.  Bids are due back October 29th.  The lease will start prior to the 2015 boating season.

Renovations at the Buffalo Chophouse

Buffalo Business Report - Tuesday, September 16th 2014

TM Montante Development LLC has created a construction management firm.  The various Montante firms have more than $85 million worth of projects in their current economic development pipeline.  Business First notes those projects include the redevelopment of the former Millard Fillmore Gates Circle property and development within the Riverview Solar Technology Park in the town of

Buffalo Business Report - Monday, September 15th 2014

The AAA puts the local unleaded gas price average for the region at $3.69.  That compares to the national average cost of $3.39.

The Benchmark Group of Amherst has been selected by the Buffalo Urban Renewal Agency to take over the Market Arcade complex.  Business First reports Benchmark will work with AMC Theaters on a $9 million investment to upgrade the eight screen

Buffalo Business Report - Friday Sept, 12, 2014

Plans to bring a large 400 job  FedEx distribution center to the former Bethlehem Steel Site  are moving  forward, workers at Brooks Memorial Hospital have a new contract and an M&T Bank subisidary has settled with the SEC for $18.5 million 

Buffalo Business Report- Thursday Sept. 11, 2014

U.S. Sen. Charles Schumer has asked the federal Labor Department to approve $15 million for New York's community colleges to train students for new manufacturing jobs.
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