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Buffalo Business News

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Buffalo Business Report - Thursday April 16, 2015

Uniland Development Corp has asked the Amherst Building Department for some rezoning that could eventually allow a six story hotel at Its University Corporate Center on Corporate Parkway off Maple Road, according to Business First's Jim FInk, who writ

Buffalo Business Report - Wednesday, April 15th 2015

Pharmacy Benefit Dimensions, a for-profit company and wholly-owned subsidiary of Independent Health, has more than doubled revenue in the past two years, growing from $4.4 million in 2012 to $9.1 million in 2014.  Business First reports the company has surpassed the 500,000-member mark - and projections for 2015 show continued growth.

McGuire Development Company has signed a

Buffalo Business Report - Tuesday, April 14th 2015

Southern Ontario-based Borderworx Logistics is working with the Niagara County IDA on plans to construct a 50,000-square-foot warehouse and distribution center in the Vantage International Point office park.  According to Business First, Borderworx could be creating 61 new jobs with its $3.52 million investment.

Officials from Gates Circle Holdings LLC will be meeting with the Buffalo

Buffalo Business Report - Monday, April 13th, 2015

The local franchisee for Sonic drive-in restaurants has honed in on a second location, even as the first planned site goes through the review process.  Business First reports Sonic’s local development team is close to signing a deal to bring a restaurant to a former Northwest Savings Bank branch that fronts the Eastern Hills Mall.  The original Cheektowaga site on Union Road is

Buffalo Business Report - Friday, April 10th 2015

Walgreens plans to close 200 U.S. drugstores as part of its cost-cutting measures.  The cuts include a corporate reorganization and a streamlining of information technology by the end of 2017.  There are about two dozen Walgreens stores in WNY.

Bank of America plans to close a full-service retail branch in Elma this summer, reducing its Western New York branch network to 31

Buffalo Business Report - Thursday, April 9th 2015

A development team led by Nick Sinatra, Nanco Inc. and JT Properties LLC will close today on the $1.25 million purchase of the former Franciscan Sisters of St. Joseph Motherhouse property along South Park Avenue in Hamburg.  Business First reports the sale includes nearly 18.5 acres of real estate and multiple buildings.

Engineered Composites Inc., a Buffalo-based compression molding

Buffalo Business Report - Wednesday, April 8th 2015

Lake Shore Savings Bank has announced an addition to its existing mobile banking app.  The new LS Mobile Deposit provides a simple method to deposit checks anytime and anywhere by taking a picture of the check with a smartphone or tablet.

Waterbourne Construction Advisors, LLC has been retained by ADK Hospitality to serve as the Construction Manager for a new hotel at Batavia Downs.

Buffalo Business Report - Tuesday, April 7th 2015

M&T Bank Corp's. often delayed merger with Hudson City Bancorp Inc. has been postponed yet again.  The bank says the merger will not take place before a planned target date of April 30th.  The Federal Reserve says it "will not be in a position to complete its review" of the deal before the end of the month.  M&T has spent millions of dollars to fix and enhance

Buffalo Business Report - Monday, April 6th, 2015

We begin this first Monday in April paying an average of $2.53 per gallon of unleaded in the region.  The AAA reports that's compared to last year's pump price of $3.74 - a difference of $1.21 per gallon.

SolarCity is ready to start staffing its massive solar panel production facility in South Buffalo.  The company has posted six positions on its website that will

Buffalo Business Report - Thursday, April 2nd 2015

Catholic Health ended 2014 with a $42.8 million surplus, continuing a 10-year trend of operating surplus.   Business First reports revenue for Catholic Health was $953 million last year, an increase of nearly 3.4 percent over 2013.

Independent Health finished 2014 with a $60 million deficit on premium revenue of $1.8 billion.

The state Health Department has granted

Buffalo Business Report - Wednesday, April 1st 2015

Moog Inc. and All Nippon Airways have signed a 10-year exclusive contract.  No financial terms were announced, but it is known that East Aurora-based Moog will provide maintenance, spares, pooling and on-site technical support for ANA’s fleet of 787 aircraft.

The state Labor Department has put out the latest unemployment figures for the Buffalo Niagara metropolitan area.  That

Buffalo Business Report - Tuesday, March 31st 2015

Ellicott Development has filed paperwork with the Buffalo Planning Board, seeking approval to construct a five-story, 54,000-square foot building on the vacant land located at 399 Ohio Street, near Chicago Street.  Business First reports a restaurant is proposed for the building’s first floor with some commercial or office space and apartments on the floors above.

The real estate

Buffalo Business Report - Monday, March 30th, 2015

The AAA puts the current local cost for a gallon of unleaded gas at $2.54, virtually unchanged from last week's price.

The Buffalo Niagara Brewers Association has crafted a deal with the Buffalo Bisons.  The Bisons’ Pettibones Grille will manage the BNBA’s annual festivals and events for 2015 and 2016 - beginning with the 2nd annual Buffalo Brewers Festival at

Buffalo Business Report - Friday, March 27th 2015

A bracket-buster of a different kind has emerged from Lakewood in Chautauqua County.  In a tournament of craft breweries, Southern Tier has beaten Eastern-region foes Ommegang in Cooperstown, Dogfish Head in Delaware and Victory Brewing in Pennsylvania to make USA Today's "Final Four."  Southern Tier Brewing Co.  faces Athens, Georgia-based  Terrapin Beer Co. of
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