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Buffalo Business News

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Reversing Course

Buffalo Business Report - Friday, October 23rd 2015

After failing to gain approval for tax breaks last month, the ECIDA has okayed a
proposed residential-based conversion of Buffalo Public School #56.  Business First notes the $5.7 million project is a combined effort between Ellicott Development Co. and Sinatra & Co.  This time, enough board members were on hand to approve the project.

Artpark attendance this year was nearly

Buffalo Business Report - Wednesday, Novenber 25th 2015

M&T Bank Corp's Board of Directors has approved a program to buy back up to $200 million worth of shares of common stock.  The repurchase program would occur during the first half of 2016.  The exact number of shares to be purchased and the price and timing of those purchases will be determined by the bank.

There are three buyers interested in purchasing the Red Osier

Buffalo Business Report - Tuesday, November 24th 2015

After reaching an agreement with Benderson Development, Tops Friendly Markets will assume operations of the current Sanborn Marketplace store, located at 2956 Saunders Settlement Road.  Tops will invest nearly $1 million in the store, doubling its size.

Fresh off signing a 15-year lease at the 250 Delaware Building, KeyBank N.A. may not have enough space for future employees. 

Buffalo Business Report - Monday, November 23rd 2015

Locally, gas prices have eased by about a penny and a half since last week, to $2.30 for a gallon of unleaded.  Last year on this date, the local average was at $3.31.  The national average for a gallon of unleaded is down to $2.07.

As expected, the Amherst IDA’s directors approved a series of tax breaks to 5933 Main Street LLC, an affiliate of Bevilacqua &

Buffalo Business Report - Friday, November 20th 2015

The latest figures from the state Department of Labor show October was a pretty big month for jobs in construction.  Compared to the same month last year, there were 44-hundred new construction jobs in 2015, a jump of 19.5%.  Overall, the Buffalo-Niagara Falls region's unemployment was up 1.8% for October.

All of the roadblocks have been cleared for Community Bank System

Buffalo Business Report - Thursday, November 19th 2015

Next Tuesday, the Buffalo Common Council holds a hearing on a request by Ellicott Development Co. to transfer ownership of St. Paul Mall North and St. Paul Mall South Streets.  Busimness First reports the intent is for Ellkicott Development to construct a 150,000-square-foot mixed-use, commercially-anchored building that would play off of the Buffalo Niagara Medical Campus.  


Buffalo Business Report - Wednesday, November 18th 2015

Bevilacqua & Associates is bringing a proposal for a $9.15 million project at Main and Hirschfield streets, the project is directly across from Williamsville South High School.  Business First reports the project will be reviewed by the Amherst IDA on Friday.  If approved, a largely vacant retail complex would become a three-story building including 20 market-rate apartments and

Buffalo Business Report - Tuesday, November 17th 2015

Athenex will make its U.S. based headquarters in the Conventus building.  Business First reports 30 employs are working out of space on the 6th floor of the Buffalo Niagara Medical Campus hub.

In Orchard Park, McGard LLC has added workspace to set up a new nickel chrome line.  That will mean at least 15 new jobs at the company,  which manufactures wheel locks, spare tire locks

Buffalo Business Report - Monday, November 16th 2015

The AAA still pegs the local average cost for a gallon of unleaded gas at $2.32, although technically it's down a half-cent from last week.  The current national average is $2.16 per gallon.

McGuire Development Company has leased retail space at 665 Main Street in Buffalo to Peter and Jonathan Eid.  The two will open a second Mezza restaurant there.  The original is

Buffalo Business Report - Friday, November 13th 2015

Buffalo Therapy Services and the Diabetes-Endocrinology Center of Western New York - part of Kaleida Health - have opened at the Maple West Plaza in Amherst.

Lancaster's Sealing Devices has added a state of the art sponge slitter and welder from Germany.  This substantial investment will allow custom sizing for neoprene and EPDM sponge materials for its industrial, transportation and

Buffalo Business Report - Thursday, November 12th 2015

The Pub, a sit down restaurant inside the Wegmans store on Transit Road store in Amherst, is set to open early next month.  Business First reports the Wegmans on Alberta Drive in Amherst will be renovated to add a Burger Bar restaurant.  That addition is expected to be completed by late next year.

AT&T customers can begin ordering the all-new iPad Pro with Wi-Fi + Cellular today in

Buffalo Business Report - Wednesday, November 11th 2015

The 130th year for the Maid of the Mist was its best ever.  More than 1.4 million passengers from around the world boarded Maid of the Mist boats to see the Falls up close.  That's a 17% increase from last year.

Business First reports an alliance between two local companies.  Will Foods and Chudy Paper Co. are working together to deliver each other’s products. This

Buffalo Business Report - Tuesday, November 10th 2015

The Erie Canal Harbor Development Corp. has approved $5 million in multiple capital improvements to the Outer Harbor.  Business First reports the upgrades will stretch from Gallagher Beach along the waterfront property to the Bell Slip and Michigan Pier.

M&T Bank will be trimming the workforce of Hudson City Bancorp Inc. by 366 jobs.  Many of them are for back-office

Buffalo Business Report - Monday, November 9th 2015

Local gas price drops have slowed.  The AAA reports a gallon of unleaded gas in the WNY regions now costs $2.32.  That's down a penny from last week.  The national average is $2.22.

Olean General Hospital and Bradford Regional Medical Center have added germ killing robots to reduce Hospital Acquired Infections.  Both hospitals have introduced the Clorox

Buffalo Business Report - Friday, November 6th 2015

Business First reports a massive, hospitality-based project could be in the offing for lands surrounding the historic Fort Erie Race Track.  The $280 million, privately-financed project is being shepherded by Carl Paladino, the Buffalo developer who led an investment group that bought the nearly 340-acre race track property last summer.  Paladino says the development is tied into
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