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Buffalo Business News



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Positive Unemployment Trend

Buffalo Business Report - Wednesday, August 24th 2016


Kaiser Health News reports the government paid out $1.5 billion to more than a third of the nation’s hospitals last year.  The payouts settle billing disputes at over 2,000 hospitals for 346,000 claims for treating Medicare patients admitted on or before Oct. 1, 2013.  The individual hospital payments were previously undisclosed.  Business First adds that WNY hospitals

Buffalo Business Report - Tuesday, August 23rd 2016


ECC breaks ground Wednesday on the controversial STEM building on its Amherst campus.  Business First notes the $30 million project has drawn the ire of a number of politicians who'd rather have seen the building at ECC's city campus.  
Delaware North Sportservice holds a job fair today from 12-7pm at KeyBank Center in the Lexus Club.  Positions available include

Buffalo Business Report - Monday, August 22nd 2016


Another penny less for gas in Western New York.  The AAA reports the local average for unleaded is $2.27.  That figure is three cents lower than the current statewide average.

New information on the One Seneca Tower purchase - Business First uncovering the fact that Washington-based developer Douglas Jemal has agreed to pay $12 million for the vacant 38-story office

Buffalo Business Report - Friday, August 19th 2016


Kenmore Teachers Federal Credit Union will leave its current 258 Highland Parkway location a little later than expected.  Business First reports the financial institution will move in at 2265 Sheridan Drive in mid-September.  They had hoped to be in their new home by July.

Tops Friendly Markets has moved its freezer warehouse.  The 200,000 square foot facility is located at 5000

Buffalo Business Report - Thursday, August 18th 2016


Governor Andrew Cuomo has announced $16.2 million in grants to support eight critical municipal water infrastructure projects in Western New York.  In Erie County, awards going to the towns of Cheektowaga, Clarence and Tonawanda.  In Niagara County - grants awarded to the Cities of Niagara Falls and Lockport along with the Village of Middleport.  The others going to the city of

Buffalo Business Report - Wednesday, August 17th 2016


One Seneca Tower has a new prospective owner.  Douglas Jemal of the Washington-based Douglas Development Corp. has agreed to purchase the 38-story, 1.1 million-square-foot building.  According to Business First, the company has a real estate development portfolio of more than 9 million square feet and 180 buildings by making what it terms “strategic investments.”  For

Buffalo Business Report - Tuesday, August 16th 2016


SolarCity is hiring for 44 jobs at its factory in Buffalo - with a strong emphasis on engineering positions.  According to Business First, thirty of those jobs either require licensed engineers or are related to engineering functions.

The new Anchor Bar location on Maple at Sweet Home has opened for business.  It is the largest in the chain.  At the same time, still no word on

Buffalo Business Report - Monday, August 15th 2016


The slow drop in local gas prices continued this week.  According to the AAA, an average gallon of unleaded gas now sells for $2.28 - down a penny from last week's cost.

Over 150,000 Western New Yorkers registered for health insurance through the state’s online health exchange for 2016, according to a new report by the State Department of Health.  Business First did

Buffalo Business Report - Friday, August 12th 2016


Yancey’s Fancy has brought home the gold from more or less the Olympics of cheese making.  The local artisan cheese maker took first place in the Italian Type Cheeses Grating Types category with their Chastinet in the 2016 American Cheese Society Competition.  It's the fourth medal for Yancey's Fancy in the competition - but first gold.

The Healthy Scratch is scheduled

Buffalo Business Report - Thursday, August 11th 2016


Not content with conquering WNY, Wegmans has targeted North Carolina for expansion.  However, the
Tampa Bay Business Journal notes Wegmans is butting heads with another well-regarded supermarket chain in Richmond, Virginia.  Wegmans recently opening a second store there, as Publix announced its intention to buy 10 stores in the city.  Ironically, Wegmans CEO Danny Wegman and the

Buffalo Business Report - Wednesday, August 10th 2016


Lockhouse Distillery continues to add to its product line up.  The latest libation is Ibisco Bitter, a blend of 18 ingredients.  A tasting will be offered from 6pm to midnight this Monday, August 15th at their 41 Columbia Street location in Buffalo's Historic Cobblestone District.

The Federal Deposit Insurance Corp. has approved a plan for Northwest Bank to close on its purchase

Buffalo Business Report - Tuesday, August 9th 2016


OPEIU, Local 153, voted to extend the current collective bargaining agreement with BlueCross BlueShield of Western New York. The agreement includes annual wage increases to bargaining unit members, while maintaining the current benefit offerings outlined in the CBA through the term of the extension.  The new deal runs through April 25, 2019.   

Joe’s Deli is celebrating 10

Buffalo Business Report - Monday, August 8th 2016


The current average for a gallon of unleaded gas in WNY is $2.289, down two cents from last week's cost.  

Sumitomo Rubber Industries, Ltd. - formerly Dunlop Tire - has announced major upgrades for the Tonawanda plant.  The company plans to invest a total of $87 million in order to increase production capacity and productivity.  The plan is to increase tire

Buffalo Business Report - Friday, August 5th 2016


Southern Tier Brewing Co. broke ground Wednesday on a new satellite brewpub coming to the North Shore area in Pittsburgh.  According to Business First, the location in a store front at North Shore Place has a capacity of 225 that expands to about 500 when including an outdoor biergarten space.  The new operation is expected to offer 30 beers on tap along with a full restaurant

Buffalo Business Report - Thursday, August 4th 2016


KeyCorp has retained the services of Pyramid Brokerage Co. of Buffalo to assist in the sale and subleasing of KeyBank and First Niagara Bank branches that will close due to the recently confirmed merger of the two.  There are dozens of such properties across the state.

Elmwood Village Charter School has received state approval to open a second school.  According to Business First,
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