Strictly Business

From Business Today:

The New York Power Authority made it official Tuesday: there will be no wind farms built in Lake Erie just offshore in Erie and Chautauqua counties. As The News previously reported, NYPA bailed out on the project due to the costs. Electricity is just too cheap now with the gold rush of natural gas from the Marcellus Shale region. NYPA said it will consider an offshore wind farm near Long Island, but that is years and years away.  While environmentalists are disapopointed, landowners along the lake are joyous.

Uniland has always been a bold development company. It will build grand buildings and office parks on spec, confident that it will find tenants. But they may have stretched a bit too far with the Eastport Commerce Center in Lancaster. The park is shovel ready, with utilities and roads in place, but it has remained empty for eight years. Now the federal government is turning up the heat. Either get some tenants in there or return the $490,000 federal grant used to help build it. Uniland is confident a tenant can be found.

The Albany scored an economic development grand slam Tuesday when Gov. Cuomo announced that several high-tech companies are investing $4.4 billion in the region's nanotechnology industry. The companies are seeking a new generation of computer chips, and it could create up to 6,900 jobs from the Finger Lakes to Albany. While not in Western New York, it is great news for the entire state, and some ambient heat is sure to reach Buffalo from the work.

Wendt Corp. is a Western New York success story. The company makes giant machines that grind up cars and other scrap metal. It just bought the former Gibraltar Steel facility on Walden Avenue in the Town of Tonawanda and plans to move its manufacturing operations to the new site.








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