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Hydrofracking may get green light, CPAs reaching out, new local investor increases holdings...

From Business Today:


A controversial method for harvesting natural gas is getting one step closer to getting the green light. The Department of Environmental Conservation said it will release a report today that recommends allowing hydraulic fracturing under strict regulations. The guidelines would allow "hydrofracking" on private lands "under rigorous and effective controls." Hydrofracking would still be banned on public lands and the Syracuse and New York City watersheds. The state's commissioner of environmental conservation said the plan promotes economic development while protecting the environment.


The University at Buffalo is hoping to draw more more minority students into its accounting programs. Minority students are underrepresented in the field, so the school teams up each year with the state's CPA society to expose them to accounting as a viable career option. Over the five-day Career Opportunities in the Accounting Profession program at the UB School of Management, students took field trips to accounting firms, heard presentations from accountants and listened to a seminar on starting a business. Pictured are Canisius accounting student Keon Hall, right, and Monica White, who lectured students on aspects of professional dress.



The deadline for bids on the empty Donovan Building passed with just one bidder, albeit a familiar one. Benderson Development submitted a proposal for an "adaptive re-use" project that would renovate the building to be used as the new headquarters for the Phillips Lytle law firm with room for retail and restaurant space.

Sinatra A local investor who started buying local properties a little more than a year ago is increasing his holdings here. Nick Sinatra, whose family owns Sinatra's Restaurant on Kenmore Avenue, bought 15 duplexes in Amherst for $1.5 million at a court ordered estate auction. He already owns 28 fully occupied apartments in Amherst and Tonawanda, 12 apartments in Chicago and the former Kane-Doyle used-car lot and building at 3350 Delaware Avenue in Tonawanda.



Who is getting hired, promoted and honored?

Have a great Fourth of July weekend!


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