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Buffalo Business News



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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

Buffalo Business Report - Friday, July 11th 2014


Business First reports Ciminelli executives have begun exploring development possibilities for a 250,000-square-foot facility at 33 High Street.  The former site of the Langston Hughes Center is currently being used as a construction field office for three projects on the Buffalo Niagara Medical Campus.  

Great Lakes Environmental & Safety Consultants, Inc. has expanded.  The

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.

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