Strictly Business

From Business Today:

Among the pockets of cutting edge work being done in Western New York is the Honeywell International plant in Buffalo. The impressive looking facility, with huge pipes running between buildings, is home to a new 'sample plant' that will make small amounts of a vital component for lithium-ion batteries. The plant got a $27 million matching grant from the federal government to help build a facility that will make electrolyte salt. It created just six new jobs, but goes much further in showing what Western New York plants can accomplish.

Evans Bancorp is on an expansion binge that could see two new branches in the next year. The small bank has found Bufalo's northern surburbs to be fertile ground for its personal type of financial services.

The cost of health care for retirees could be falling, amazing as that sounds. A new study by Fidelity Investments says that a 65-year-old couple will need $230,000 to cover their medical expenses in retirement, down from the $250,000 estimate the firm made last year. The reason for the drop is reduced out-of-pocket expenses under Presidnet Obama's health care overhaul.

Several local advertising agencies received Addy awards at the annual meeting of the Advertising Club of Buffalo. The Gelia firm won the 'best of show' award for a T.V. campaign for Independent Health.

Who is getting hired, promoted and honored?