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Buffalo Business News

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Buffalo Business Report - Thursday, July 10th 2014

Cornerstone Community Federal Credit Union has signed a 12-year agreement with Lockport Ice Arena & Sports Center Inc. for the naming rights to the new facility.  The rink will be called Cornerstone CFCU Arena when it opens in September.  No financial terms were made public.

Tops Markets has entered a purchase agreement to take over operations of the Budwey's in Newfane. 

Buffalo Business Report - Wednesday, July 9th 2014

Buffalo-based Delaware North is pouring out a new stadium offering - self-serve beer.  The machines will be in place for next Tuesday's Major League All-Star game in Minnesota.  Beer drinkers show ID at a cash register to buy a prepaid card.  Those cards are scanned before pouring.  A worker at each machine will card drinkers who appear to be under 30 and cut off

Buffalo Business Report - Tuesday, July 8th 2014

In order to stay competitive, United Airlines is outsourcing more than 600 jobs at 12 airports around the country.  Buffalo Niagara International is one of those.  The move affects ticket and gate agents and baggage handlers at airports served mostly by smaller United Express flights.  The cost cutting measure has been expected since May.  

AT&T has finished another round

Buffalo Business Report - Monday, July 7th 2014

The AAA reports that the region's average cost for a gallon of unleaded has remained unchanged for the past week, at $3.85 per gallon.  Local gas prices are fourteen cents higher now than they were this time last year.

BlueCross BlueShield of Western New York and Western New York Immediate Care have signed an agreement.  WNY Immediate Care has agreed to Blue Cross Blue Shield

Buffalo Business Report - Thursday, July 3rd 2014

The Amherst IDA and Empire State Development Corp. are preparing an offer to Columbus McKinnon within the next few weeks.  The company is mulling options in the area and other states for its new headquarters.  Business First reports a vacant parcel in Uniland Development Co.’s CrossPoint Business Park is one of its preferred sites.  Columbus McKinnon could also opt to stay in

Buffalo Business Report - Wednesday, July 2nd 2014

The U.S. Bankruptcy Court Western District of New York reports bankruptcy filings fell to 399, the lowest June number since at least 2005.  Compared to the same month one year ago, bankruptcy filings dropped 18%.  The number of filings year-to-date has also slipped to a new low, decreasing 14.6% for the first six months of 2014 when compared to 2013.

Knee Deep Holdings LLC, parent of

Buffalo Business Report - Tuesday, July 1st 2014

It's promising to be a week of milestones for Canalside.  As it prepares to host its third World Cup Soccer viewing party, Canalside should be finishing the installation of one of three planned pedestrian bridges spanning replica Erie Canal waterways this week.  Canal construction itself should be completed by
this fall. That's timed to coincide with the opening of the Buffalo

Buffalo Business Report - Monday, June 30th 2014

The AAA reports the average gallon of unleaded gas in the area costs $3.86.  That's up two cents from a week ago.

2.2 million taps produced 546,000 gallons of maple syrup in New York this year.  That allowed the state to stay at #2 for maple syrup production in the country.  Despite a slow start to the season, this turned out to be the third best year for maple

Buffalo Business Report - Friday, June 27th 2014

A $5 million expansion project by Diversified Manufacturing of Lockport has been completed, retaining 130 jobs.  The  manufacturing and engineering services firm's project was supported by $450,000 in funding from the New York Power Authority.

Resurgence Brewing Company and Beer Garden officially opens this afternoon.  It's located at 1250 Niagara Street in

Buffalo Business Report - Thursday, June 26th 2014

Catholic Health has received state approval for a $5.4 million expansion and renovation project at its Kenmore nursing home on Military Road.  According to Business First, the plan for the 160-bed McAuley Residence calls for renovations to better accommodate short-term residents on the first floor and long-term residents on the second floor.

Workers represented by 1199 Service

Buffalo Business Report - Wednesday, June 25th 2014

In the hopes of cashing in on the current climate, the Buffalo Urban Renewal Agency has set an August 1st deadline for residential development proposals centered on a 2.4-acre vacant parcel on Lakefront Boulevard.  That's roughly north of the Admiral’s Walk condo tower.  Business First reports a designated developer is expected to be determined by September 12th.


Buffalo Business Report - Tuesday, June 24th 2014

The Western New York Power Proceeds Allocation Board has recommended $500,000 in funding to Praxair.  The Tonawanda-based company is investing $39 million in facility upgrades, with the end result being the addition of 22 new jobs.  The Board also awarded $125,000 to the Niagara Falls International Airport Stakeholders Group, Inc.

Carriage House Square LLC, the investment

Buffalo Business Report - Monday, June 23rd 2014

The local average price for a gallon of unleaded gas is up two cents from a week ago to $3.84.  According to the AAA, we paid ten cents less per gallon one year ago.

Smith Travel Research reports hotel occupancy rates for Buffalo and Erie County dropped for a seventh consecutive month in May.  For the month,   
hotel occupancy rates dropped 5.9 percent to 67.3

Buffalo Business Report - Friday, June 20th 2014

The U.S. Department of Agriculture has awarded New York’s Chobani Yogurt with a one-month contract to provide its yogurt to public schools across seven states through the USDA’s School Lunch Program Pilot.  In addition, Buffalo-based Upstate Niagara Cooperative will also be supplying schools in Arizona with Greek Yogurt.

According to the State Labor Department, employment was

Buffalo Business Report - Thursday, June 19th 2014

It was a pretty big day for the ECIDA Wednesday.  The group approved incentives for a half-dozen regional projects.  Business First reports those projects represent more than $44.1 million in private-sector investment.  They will create 67 new jobs and retain more than 13-hundred jobs.

JEC Capital Partners and Ratio Capital Management have bought up 10%  of Synacor
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