From Business Today:
The employment rate in the Buffalo Niagara region is still growing, but not nearly as quickly as it was during the summer, according to numbers from the Labor Department Thursday. About 1,800 jobs were in October compared to the same month in 2010, resulting in a 0.3 percent annual increase. It's the slowest growth rate since January. The drop is attributed to cutbacks at local restaurants and health care providers.
Battistoni Italian Specialty Meats opened its factory doors Thursday to show how it makes more than 40 kinds of Italian dried sausage products. Owner Eric and Rebecca Naber were on hand to share details of the step-by-step process. They bought the 80-year-old Dingens Street factory from Rich Products in 2010. It was founded by Umberto Battistoni in 1931.
William G. Gisel Jr., the president and CEO of Rich Products, has been elected to the board of KeyCorp. Gisel will give the Cleveland-based bank's board representation from Western New york. KeyCorp does business in the northern part of the country spanning from Maine to Alaska.
The Clarence Industrial Development Agency met Thursday. It approved an $8,750 sales tax savings for a restaurant called Yolo at 5841 Transit Road in Clarence Center. The agency also said it will work with the Erie County Industrial Development Agency on a project at Perry's Ice Cream in Akron, in which the company will add refrigerated space to its warehouse on Main Street in Clarence along with other upgrades at its Akron headquarters. Perry's may receive a $43,750 savings on sales taxes related to the purchase of machinery and equipment, and both agencies would split the bill.
Owners of the defunct Elrae Industries sold the 75,000-square-foot facility to 11035 Walden Ave LLC for $1.25 million. The new owners will lease building to a bridge design firm and a construction company. R.J. Watson and National Bridge Co. are engaged in a joint venture related to bridge-building.
A Main Street business incubator has leased space to a dozen firms. The Main Washington Exchange at 523 Main Street has space for private businesses as well as "coworking" space that can be shared by professionals who do not have office space.
Who is getting hired, promoted and honored?
Thank God it's Friday: