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Buffalo Business News

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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

Buffalo Business Report - Thursday, July 31st 2014

The offices of Visit Buffalo Niagara will be moving to different downtown digs.  Business First reports the agency has signed a 10-year lease with the owners of the Brisbane Building.  The intent is to occupy 8,000 square feet on the 6th floor for its offices and visitor's center.  VBN will move from the Market Arcade to its new location by late October.

Basil Volkswagen of

Buffalo Business Report - Wednesday, July 30th 2014

In order to fast track the development of the RiverBend property, the Buffalo Urban Development Corp. has sold all 188 acres to the Fort Schuyler Management Corp. for $2.8 million.  Business First notes Fort Schuyler Management Corp. is the state agency credited with forming Albany’s successful and highly touted nanoscience and research complex.

Batavia restaurateur Mark Bohn

Buffalo Business Report - Tuesday, July 29th 2014

Developer/restaurateur Mark Croce is intent on beginning facade work on his Statler City project soon.  Business First reports the key was securing $5.3 million in state aid; those funds have now been released.  Croce's next step is to put the project out to bid.  He wants to have the bids awarded and work underway by late summer.

McGuire Development Company helped

Buffalo Business Report - Monday, July 28th 2014

According to the AAA, the current average cost for a gallon of unleaded gas in Western New York is $3.81.  The current national average is $3.52.

Buffalo Niagara International Airport is seeing a decrease in flights and the number of passengers.  Through the first half of this year, there have been 10.2% fewer outbound passengers using the airport, compared to the number a

Buffalo Business Report - Friday, July 25th 2014

Each NFL team is in line to get a 20% increase in national TV money this year, according to the SportsBusiness Journal.  The $27 million in this year's deal means all NFL clubs will get $158 million in TV revenue.  That firgure will rise by 2016, translating to at least $181 million from national TV revenue alone for each NFL team, including the Buffalo

Buffalo Business Report - Thursday, July 24th 2014

Business First reports that Columbus McKinnon Corp. has settled on a vacant parcel in the CrossPoint Business Park as the site for its proposed new headquarters.  The Amherst Planning Board will consider site plans for the project when it meets on August 21st.

CPA firm Tronconi Segarra & Associates LLP has moved into its new offices, at 8321 Main Street in Williamsville.


Buffalo Business Report - July 23, 2014

New York State is giving Praxair Inc.'s Tonawanda operations and R&D faciility $38.7 million, Scharf's Restaurant has re-opened, and a new subdivision in Akron will feature geothermal heating at all houses.

Buffalo Business Report - Tuesday July 22

M &T Bank  announces dividends, Unifrax is looking at Indiana or Tonawanda for expansion, Daemen College picks up some national workplace honors, and Kaleida announces top medical staff appointments.

Buffalo Business Report- Monday July 21

If you are a Verizon FiOS customer, expect faster downloads. If you are a Canadian, expect more reason to fly out of Buffalo. And M&T Bank expects to spend to combat  money laundering

July 18th Buffalo Business Report

Buffalo, NY (WBEN) Doctor James Boles is announcing his retirement as CEO of People Incorporated. Boles assumed the leadership position at People Inc. in 1981 and in 33 years oversaw the growth of the agency from 200 staff members and a $2 million annual budget to one with more than 3,200 staff serving 12,000+ individuals and a budget of $144 million.

Buffalo Business Report - Thursday, July 17th 2014

A big change at the top of the Erie County Industrial Development Agency.  Buffalo Urban League President and CEO Brenda McDuffie has unanimously been named the board's first female chairperson.  McDuffie
replaces former Rep. John LaFalce, who resigned as ECIDA chairman in May 2013.

In a sponsorship deal, Yancey’s Fancy is the Official Cheese of the Buffalo Bills.  In

Buffalo Business Report - Wednesday, July16th 2014

Asset management firm BlackRock Inc. has selected an Amherst site for the home of a nearly $80 million data and back-office center.  BlackRock will move into a 31,000 square foot building at the CrossPoint Business Park.  The project was helped along by an incentive package crafted by the Amherst Industrial Development Agency, low-cost hydropower from NYPA and and grants from the

Buffalo Business Report - Tuesday, July 15th 2014

A development team has proposed an apartment complex along Hertel Avenue between Starin and Wallace.  Business First reports the plan is for a pair of three-story buildings with nine apartments each and perhaps first-floor retail space.  The Buffalo Planning Board is expected to review the project today.  Construction could start later this year.

Baschmann Services of Elma has

Buffalo Business Report - Monday, July 14th 2014

The AAA reports the current average cost for a gallon of unleaded gas in the region is down a penny from last week, at $3.84 per gallon.

According to Business First, Columbus, Ohio-based EWI has already established a working relationship with Jiffy-tite Co.   EWI's Buffalo-based advanced manufacturing institute isn't officially opening until later this summer, but
How do you react to those big drops on Wall Street?
  I don't pay attention!
  I'm in it for the long haul so "no worries"!
  It makes me worry!
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