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Buffalo Business News



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Buffalo Business Report - Wednesday, April 16th 2014


Business First reports that the Empire State Development Corp. is seeking bids to demolish much of the Episcopal Church Home property that neighbors the Peace Bridge.  Bids are due back May 5th.  This is the first step in the renovation of the U.S. side of the Peace Bridge plaza.  Empire State Development bought the nearly five-acre property last June for $4.73 million.
 

Buffalo Business Report - Tuesday, April 15th 2014


A deal announced at the end of February has been completed. One Equity Partners, the global private investment arm of J.P. Morgan Chase & Co. has acquired PeroxyChem, a business division of FMC Corp.  That deal was valued at approximately $200 million.

The Credit Union Association of New York's latest report indicates Empire State credit unions outperformed their national peers in

Buffalo Business Report - Monday, April 14th 2014


According to the AAA, the current average cost for a gallon of gas is up to $3.78 in the area.  The price up is four cents locally since last week and is fourteen cents higher than the current national average.

AutoZone has purchased the former site for Orville’s appliance store at 1601 Walden Avenue.  Business First reports a new auto parts retail outlet is expected to

Buffalo Business Report - Friday, April 11th 2014


State officials have approved a revised plan for the John R. Oishei Children’s Hospital of Buffalo.  The $270 million project will bring a 410,000-square-foot, 12-story facility to Ellicott Street between the Buffalo General Medical Center and Conventus.

The state denied a proposal for a planned ambulatory surgery center project in Orchard Park.

Hornblower officials hope to

Buffalo Business Report - Thursday, April 10th 2014


Benderson Development Corporation's Boulevard Consumer Square is about to increase in size.  Business First reports the plaza has proposed adding to its Old Navy, PetSmart and Hallmark/Babies R Us stores, while expanding the Bed, Bath & Beyond store.  The Amherst Planning Board will review the proposal April 17th.

Flexo Transparent Inc. plans a $6.5 million,

Buffalo Business Report - Wednesday, April 9th 2014


Business First reports that Buffalo Surgery Center LLC has filed plans to build a $1.2 million, 35,000-square-foot facility at 3901 Sheridan Drive next door to its existing building on the Excelsior Orthopaedics LLP campus.  That expansion will also allow Excelsior to expand by another 10,000 square feet with four additional clinic and exam rooms and likely more X-ray

Buffalo Business Report - Tuesday, April 8th 2014


Nick Sinatra has purchased a three-story, 26,000-square-foot building at 191 North Street in Buffalo.  Business First reports the purchase price was $1.39 million.  Sinatra intends to market the space to those looking for a presence at the nearby Buffalo Niagara Medical Campus.

Delaware North will be putting down $70 million in private financing for renovations of the Boston

Buffalo Business Report - Monday, April 7th 2014


The New York Power Authority has awarded a pair of contracts.  One deal with Ferguson Electric is for installation of equipment at NYPA's Lewiston Pump-Generating Plant.  The other contract with Quality Inspection Services is for on-call testing and inspection services at the Niagara project.

According to Business First, U.S. Citizenship & Immigration Services has filed a

Buffalo Business Report - Friday, April 4th 2014


The AAA pegs the current average cost for a gallon of unleaded gas in the region at $3.74.  That is now just seventeen cents higher than the national average of $3.57.

Business First reports that Indian restaurant Kabab & Curry will be leaving its Transit Road spot for 8445 Main Street in space formerly used by Hirsch's Restaurant.  The Transit Road site will be home to

Buffalo Business Report - Thursday, April 3rd 2014


$31.6 million is the total of the quarterly casino exclusivity payment to New York State from the Seneca Nation of Indians.  Those funds will be dispersed to the host cities of Seneca-operated casinos, namely Buffalo, Niagara Falls and Salamanca.
Since the December 2002 opening of the Seneca Niagara Casino & Hotel, the Seneca Nation has made more than $1.1 billion in exclusivity

Buffalo Business Report - Wednesday, April 2nd 2014


The February unemployment rate for the Buffalo-Niagara Falls region dropped to a six-year low.  The jobless rate was 7.6 percent compared to 8.8 percent in February of last year.

The Lord Amherst Hotel on Main Street at the 290 will close by mid-month for renovations.  Iskalo Development Corp. plans to re-brand the facility as a boutique hotel, with a planned re-opening in spring

Buffalo Business Report - Tuesday, April 1st 2014


A handful of years after closing up shop on Ridge Lea Road in Amherst, Tony Roma’s is coming back on Buffalo Avenue in Niagara Falls.  Business First reports the chain will open next to the Holiday Inn hotel later this year.

With at least 12 breweries and/or brew pubs set to open across the region this year. the Buffalo Niagara Brewers Association has been created.  The

Buffalo Business Report - Monday, March 31st 2014


It's Baseball's Opening Day and The National Hot Dog and Sausage Council estimates that fans will eat a whopping 21,357,316 hot dogs and over 5-1/2 million sausages during the 2014 Major League season.  Dodger dog digestion is expected to surpass the three million mark this season in LA.  Also of note - Milwaukee isn't #1 for projected sausage consumption.

Research from

Buffalo Business Report - Friday, March 28th 2014


The AAA reports it's still an average of $3.74 for a gallon of unleaded gas in the region.  At $3.54 per gallon, the national average is twenty cents lower.

Empire State Development is providing a $1 million capital grant to assist expansion at Praxair.  Praxair will use the money to build a steam methane reformer to increase the supply of hydrogen for its liquid

Buffalo Business Report - Thursday, March 27th 2014


According to Business First, the cost to build the new John R. Oishei Children’s Hospital of Buffalo has risen to $270 million.  The amended plan includes a 9-bed children’s cancer unit on the 12th floor to be operated in collaboration with Roswell Park Cancer Institute.

Ten Key Bank branches will be closed in Erie and Niagara Counties between July 18th and August
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