Skip to primary navigation Skip to main content

Deputies called in.

From Business Today:

ECIDA

Seven sheriff's deputies stood sentinel at the Erie County Industrial Development Agency's board meeting Monday. The board had requested security to discourage outbursts from members of the Occupy Buffalo movement, who have attended and disrupted two previous meetings. Erie County Executive Mark C. Poloncarz said the show of force was "overkill." But the sheriff's office said it received an anonymous call saying Occupy Buffalo had planned to create a disturbance, so it sent more deputies in response to the call.

Graystone

Developer Carl P. Paladino will receive tax breaks on a $5.3 million project to convert the Graystone Building into 42 apartments. The Erie County Industrial Development Agency agreed Monday to approve nearly $213,000 in sales and mortgage tax breaks for the project. Paladino has received a host of financial incentives to restore the vacant building, including including $1.2 million in historic tax credits from the state.

Wilmers

Compared to a year ago, profits were flat for the first quarter at M & T Bank Corp, the Buffalo-based parent of M&T Bank. Per-share earnings fell. Despite higher loan and fee revenues and lower credit costs, the purchase of Wilmington Trust Corp. resulted in higher operating expenses. The company had net income of $206 million. Per-share profits fell by 5.7 percent, to $1.50, from $1.59 a year ago.

Hochul

 Rep. Kathleen C. Hochul, D-Amherst is proposing the Workforce-Ready Educate America Act, which would give employers a $1,000 tax credit for each student placed in qualified training program. The legislation is intended to bridge the gap between unemployed graduates and companies with unfilled positions.

Who is getting hired, promoted and honored?

 Esperanza Spalding will perform at UB tomorrow night:

 

 

Faith helping push East Side develoment.

From Business Today:

Development on the East Side of Buffalo is being carried out almost exclusively by churches. Large scale housing projects, training centers and retail stores are being Church business 08planned and developed by the churches in the neighborhoods they serve. Some of the projects are dovetailing with the city's investment in the Buffalo Medical Corridor. All are hoping some private investment will follow.

Rising gas prices are putting a crimp into your budget, not doubt, but don't blame the convenience store clerks. They're taking a little VALEROextra grief from some customers. It turns out convenience stores suffer too when gas prices rise. People spend less in the stores when they are spending more at the pump.

Small business loans are down in Western New York as compared to last year. The Small Business Administration has stopped an incentive program that helped boost loans last year, but small business owners are also getting more cautions. The economy may be improving on the macro level, but at the very local level, people are still a little skittish.

The Visit Buffalo Niagara tourism agency is pushing to capitalize on the city's historical architecture as a linchpin in the region's tourism efforts. Executive Director Dottie Gallagher-Cohen says there is more of a market in that realm than most people think.

RCR Yachts has been selling boats to lake sailors for more than 40 years. And their message: you don't have to be "a Vanderbilt" to own one.

Recent real estate transactions.


Saving buildings and making jobs.

From Business Today:

Anyone who has walked through the Lafayette Hotel in downtown Buffalo during its renovation has been amazed. Teams of workers are attacking every floor, stripping walls to the studs and re-plastering everything in sight. The saving of the landmark is being made LAFAYETTE HOTELpossible by the state's law that allows historic renovations to sell up to $5 million in tax credits to help finance the work. Developer Rocco Termini is lobbying the state to lift that cap to $12 million. It wouldn't make much difference in high-cost areas like New York City, but in upstate New York, that extra $7 million will mean many more historic buildings will be saved. And jobs created.

Bankruptcy filings in Western New York continue to fall. Experts think it's for good and bad reasons: people are not getting into as much debt trouble, that's the good reason. But the unfortunate reason: some people are so broke, they can not afford the $1,000-plus in fees to file for bankruptcy.

We will all look back on this era and say: why didn't we buy it? With mortgage rates at all time lows, and foreclosures dragging property values down, there may never be a better time to buy property - if you have the money.

Who is getting hired, promoted and honored?

 

Scams and consumer help.

From Business Today:

Schneiderman

Attorney General Eric T.Schneiderman has warned consumers of two scams that are making the rounds and victimizing people via the Internet and telephone. One scam has criminals impersonating bank or government officials claiming to offer mortgage settlement assistance as a way to gain access to personal or financial information. The other scam involves consumers lured into making deposits on fake rental properties advertised on Craigslist.

Sup.Lawsky

Want to see the reasons your property and casualty insurer gave for increasing your premium? You'll be able to find out online, thanks to the actions of the state Department of Financial Services.  The state insurance regulators are posting documents online submitted by insurance companies to support rate increases, introduce new products or change existing offerings. You can find them here. The Department of Financial Services did the same thing last fall with health insurance.

PersonalFinance

In observation of Financial Literacy Month, Consumer Credit Counseling Service of Buffalo is hosting four free financial seminars at its office in West Seneca, 40 Gardenville Parkway, suite 300. They are: "Money in Motion," at 5:30 p.m. today; "Dollars and Sense," at 10 a.m. Saturday; "Credit Counts," at 6 p.m. April 19 and "Credit Reports Review Express," at 9 a.m. April 28. For more information, call 712-2060.

Jobfair

A career fair will be held today from 12:30 p.m. to 4 p.m. at the Walter J. Mahoney State Office Building, 65 Court Street. Job listings are posted here. For more information, call (888) 4-NYSDOL or visit the Department of Labor's Web site.

Who is getting hired, promoted and honored?

Here's more on that common Craigslist scam:

 

College debt calculators


To access the Concumer Financial Protection Bureau college debt calculator, click here.

To access the college cost site at the Education Department, click here.

State Department of Financial Services link


To connect ot the New York State Department of Financial Services site for insurance rate hike documents, click here.

Reaching young engineers.

From Business Today:

MikeMarkelonisMonicaJones

Ford Motor Co. uses virtual reality technology to test automobile design years before the protoypes are ever even made. Company representatives brought that technology to Erie Community College Tuesday to give about 50 automotive technology students a taste of how it works. Students got to virtually test out a 2013 Ford Fusion, the makers of which relied heavily on the virtual technology when designing it.

API

API Heat Transfer has gotten its fourth new owner since 2002. Wellspring Capital Management, a New York City private equity firm, acquired the business from another private equity firm, Industrial Growth Partners in San Francisco, Calif. The company employs 178 workers at its Arcade plant and has plants in Germany and China. The Cheektowaga-based company makes industrial heat exchangers.

 

FlexPark

Penora's Pizza, a Depew pizzeria, and Bella Vista Group, the owner of an office and warehouse facility at Transit Road and Genesee Street, came seeking tax breaks from the Lancaster Industrial Development Agency Tuesday. But with IDAs under increased scrutiny for giving aid to projects of questionable value to economic development, those requests were tabled for further review.

Fnfg

First Niagara Financial Group board member and co-director Carl A. Florio has stepped down from the bank board's audit committee. Florio's decision to leave came after Institutional Shareholder Services and Glass, Lewis & Co recommended shareholders vote against re-electing him, questioning his independence from management. The two independent proxy advisory firms did not consider Florio an "independent director" by their standards.

Crawford

A 127-year-old Jamestown company is nearing its final end. Crawford Furniture, which filed for Chapter 11 bankruptcy protection in August and ran going-out-of-business sales at its retail locations, has been granted approval by the bankruptcy court to liquidate its remaining assets, including its property and equipment. The hardwood furniture maker's assets will be up for sale through April 19. Whatever is left will go to auction April 21.

Who is getting hired, promoted and honored?

Here's a closer look at Ford's virtual reality technology:

 

First Niagara deal gets approval

From Business Today:

  Koelmel

The last step has been completed toward making First Niagara's purchase of HSBC's New York State branches official. The Office of the Comptroller of the Currency has approved the acquisition, which is set to be complete May 18. First Niagara has begun sending out letters to HSBC customers to keep them informed about the transition.

Clinic

The New York State Health Foundation has given grants of $100,000 each to two local health clinics. Neighborhood Health Center/ Northwest Buffalo Community Health Care Center in Buffalo will use the money to expand its management infrastructure, while Southern Tier Community Health Center in Olean will use its grant to expand services in Allegany and Cattaraugus counties.

 

Who is getting hired, promoted and honored?

Sugarland is coming to the Fallsview Casino Avalon Theatre in Ontario tonight:

  

Solar Liberty extends reach.

From Business Today:

OffCampusApartments

College students looking for off-campus housing are warned to read leases carefully and not succumb to high-pressure sales tactics. One UB student's experience with a misleading salesman is indicative of a larger problem around campuses in Western New York and across the nation, experts said. Critics said housing students is such a lucrative business that some for-profit companies take advantage of inexperienced teenagers.

SolarLiberty

Solar Liberty was recently named the largest solar power installation company in New York State for 2011, based on its number of systems installed and kilowatt capacity. But the thriving business was actually created out of the owners' desire to bring power to developing nations. The business allows its owners to donate equipment and funds to the Solar Liberty Foundation, a nonprofit serving developing countries.

Lawsky

Benjamin Lawsky is the first superintendent of the New York State Department of Financial Services, tasked with regulating banking and insurance. Business reporter Jonathan D. Epstein was able to sit down with him and ask some pressing questions about his new role in Sunday's BizTalk Q&A.

Who is getting hired, promoted and honored?

From MoneySmart:

Debit

Prepaid debit cards are the single fastest-growing non-cash method of payment. But many of them come with so much fine print, even the savviest customers may have a hard time figuring out what the real costs are to use them. In a recent story, Consumer Reports magazine warns of hidden fees that can nickel and dime a user to death.

Happy Dyngus Day!

 

Helping to find work.

From Business Today:

TeresaFernaldHoward

Two established local companies have formed a new social enterprise together in the hopes of creating jobs for people with disabilities. The Olmsted Center for Sight and the Center for Transportation Excellence have formed Creating New Taxpayers LLC. The company will recruit, train and hire individuals with disabilities, and match them with other local companies looking to outsource customer service work.

Who is getting hired, promoted and honored?

Happy Friday!

 

« Older Entries Newer Entries »