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Price may right, but tickets are gone for UB performance

Buffalo Business News - Mon, 08/22/2016 - 10:09
“The Price is Right Live” has done something that no other touring act has done at the UB Center for the Arts, All 1,750 seats were sold within 90 minutes, besting a record set earlier this year by former Beach Boy Brian Wilson and, before that, Bonnie Raitt last summer. The Oct. 4 “Price is Right Live," a re-creation of the popular syndicated show, is making its local debut. Ironically, Wilson will be at UB Center for the Arts one week earlier on Sept. 28 as he re-creates the “Pet Sounds”…

Where the Immaculata Academy students are going

Buffalo Business News - Sat, 08/20/2016 - 10:00
Schools around Western New York – particularly private ones – are seeing an influx of students who formerly attended Immaculata Academy. The private, all-girls school in Hamburg closed this year after concerns about the sustainability of its business plan and the ongoing struggle of its sponsoring religious order to support both its aging membership and the school. Immaculata had about 133 students from its freshman, sophomore and junior classes last year. Here's a snapshot of where they're…

The Creatives: Upstart 100 celebrates artful entrepreneurs including Buffalo teen

Buffalo Business News - Fri, 08/19/2016 - 20:00
Business mavericks today aren't just a bunch of MBAs. They're singers, writers, designers, artists, architects, and even former monks. In the second batch of honorees for the Upstart 100 for 2016, we celebrate a diverse group that shows how a passion for culture, art, wellbeing and beauty can lead to successful businesses. Here are those upstarts: Rishi and Tapasya Bali: YogaSmoga, New York City Jason Blum: Blumhouse Productions, Los Angeles Jonathan Butler and Eric Demby: Brooklyn Flea and Smorgasburg,…

Amended NYS law helps in burial process for families of homicide victims

Buffalo Business News - Fri, 08/19/2016 - 19:15
Two local legislators partnered to sponsor a bill that will make it easier for families of homicide victims to get help from New York state to bury their loved ones. Sen. Patrick Gallivan and Assemblywoman Crystal Peoples-Stokes led the way on legislation signed August 18 by Gov. Andrew Cuomo which allows funeral home corporations to seek reimbursement for burial costs from the state. Officials say it would help alleviate the financial burden felt by the families. The move amends a statute which…

Charity food truck readies for fifth weekend

Buffalo Business News - Fri, 08/19/2016 - 18:43
An Eggertsville church community has launched an effort to feed hungry families while capitalizing on the food truck phenomenon. St. Paul’s Lutheran Church is the force behind Daily Bread Food Truck, which operates on the “get one, give one” principle, with each purchased item from its menu helping to provide a meal for a hungry family in the community. Launched on July 23, the truck offers an all-breakfast menu, including egg sandwiches, quiche and baked goods from 8 a.m. to noon. For now,…

Better Buffalo Funds to aid 14 projects, initiatives

Buffalo Business News - Fri, 08/19/2016 - 18:04
The Buffalo Billion funds are making their way into the city’s neighborhoods. To the tune of $9.1 million, spread over 14 projects that run from storefront improvements along Bailey Avenue to the reuse of a long-vacant public school on Plymouth Avenue to helping a massive East Side redevelopment effort. The second round of a $30 million Better Buffalo Fund, which itself is part of the Gov. Andrew Cuomo’s Buffalo Billion initiative, were announced Friday morning by Lieutenant Gov. Kathy Hochul…

One Seneca Tower sale price said to be $12 million

Buffalo Business News - Fri, 08/19/2016 - 16:31
Washington-based developer Douglas Jemal has agreed to pay $12 million for the One Seneca Tower. Sources have confirmed that’s how much Jemal and an affiliate of his Douglas Development Corp. will pay for the vacant 38-story office tower that dominates the Buffalo skyline. And, to prove he is serious, Jemal has already paid $1 million towards the purchase price, with those funds non-refundable should the deal not close, sources said. Jemal has said he hopes to close the deal on the 1.1 million-square-foot…

Trusted Nurse Staffing places first in Fast Track 50 Companies awards

Buffalo Business News - Fri, 08/19/2016 - 16:28
Trusted Nurse Staffing LLC has been named the region’s No. 1 Fastest Track Company due to its 250.87 percent revenue growth over three years. CEO Martin Vidal and this Buffalo company employing 130 specialize in the placement of nursing and therapy professionals. The company — and 49 others — accepted the award at Business First’s annual Fast Track 50 Companies awards ceremony Thursday evening at Executive AirShare. Five Fast Track Young Companies also were recognized. The fastest growing…

Garwood Medical Devices closes in on $3.6 million funding goal

Buffalo Business News - Fri, 08/19/2016 - 16:09
Garwood Medical Devices is closing in on a $3.6 million Series A round from private investors in Buffalo's business and medical communities. The downtown Buffalo biomedical company has already closed on $2 million of that round and is currently finalizing another $1 million. CEO Wayne Bacon said he doesn't expect a problem having a fully subscribed round by September. The company is a 43North semifinalist and is in the Start-Up NY tax breaks program. It also signed a contract earlier this summer…

New York Teamsters propose 31% cut to retiree benefits

Buffalo Business News - Fri, 08/19/2016 - 13:56
The New York pension fund for teamsters plans to cut benefits for 35,000 members in Upstate to keep it solvent. The board of directors for the New York State Teamsters Conference and Pension Fund approved monthly benefits cuts for retired truck drivers of 31 percent. Members still working will see cuts of 20 percent. The teamsters union represents workers at freight, construction, concrete and other companies, including drivers at UPS and ABF Freight. “No one wants to see anything reduced but…

Ontario construction pushes Canadian numbers higher

Buffalo Business News - Mon, 07/11/2016 - 18:15
The housing market in Ontario is stronger than anticipated. Canada Mortgage and Housing Corp. announced today that the pace of construction accelerated last month -- contrary to analysts' expectations -- and it gave much of the credit to work on apartments in Ontario. The Toronto Star reports this afternoon that Canada's seasonally adjusted count of housing starts was 218,333 in June, up 17 percent from May. The consensus prediction from analysts had been that the count would remain flat around…

Buffalo ranks in the middle of the pack for construction growth

Buffalo Business News - Mon, 07/11/2016 - 17:11
The Buffalo area's construction boom continues to pay dividends, though it isn't quite as high-powered now as it was a few months ago. The latest report from the U.S. Bureau of Labor Statistics indicates that the two-county Buffalo region has expanded its construction sector by 12.3 percent during the past six years. That means the local total of construction-related jobs has grown from 19,500 in May 2010 to 21,900 in May 2016, the latest month for which official figures are available. Buffalo…

Mercy Hospital union workers vote on potential strike

Buffalo Business News - Mon, 07/11/2016 - 16:46
Thousands of workers at Catholic Health’s Mercy Hospital are voting Monday and Tuesday on whether to strike at the South Buffalo site. The vote is open to 2,200 members of Communications Workers of America Local 1133, which represents nurses, technologists, service and clerical workers. According to CWA, workers are “fed up” with what it says is the hospital’s refusal to embrace a normal labor/management relationship, refusal to provide enough workers to care for the patients and facilities…

KeyCorp to close 23 retail branches in WNY market as part of First Niagara purchase

Buffalo Business News - Mon, 07/11/2016 - 16:23
KeyCorp plans to close 23 retail branches in Western New York as part of its anticipated purchase of First Niagara Financial Group Inc. in Buffalo. On the same day that KeyCorp’s commitment to lay off no more than 250 workers was announced, the Cleveland-headquartered parent company of KeyBank N.A. said it will commence branch closures in October, presuming regulators approve the acquisition. In total, KeyCorp (NYSE: KEY) plans to shutter 106 branches -- 70 First Niagara (NASDAQ: FNFG) offices…

Q. How much do all of us in the Buffalo area earn in a year? A. $48.7 billion

Buffalo Business News - Mon, 07/11/2016 - 16:11
The Buffalo metropolitan area ranks 50th in an updated federal measure of economic strength. Total personal income (TPI) in the Buffalo area was $48.7 billion in 2014, according to a newly released report from the U.S. Bureau of Economic Analysis (BEA). TPI is defined as the income received by all residents from all sources (everything from wages to welfare payments) in a given year. The New York City area is the clear national leader in total personal income, generating $929.3 billion in 2014.…

Libraries on tap for $1.4M in state-funded work

Buffalo Business News - Mon, 07/11/2016 - 15:11
Libraries in Western New York have received $1.4 million in construction grants from capital funds for public library construction provided in the 2015 state budget. The funds are part of a $14 million allocation to 173 public libraries across the state affiliated with the New York State Education Department. Projects include financing for new buildings and renovations or rehabilitation of existing space. Local projects include roof replacement, alternative energy resources and upgrades to efficient…

Roswell Park partners with Indian Health Service

Buffalo Business News - Mon, 07/11/2016 - 14:54
A new partnership could lead to enhanced awareness about Roswell Park Cancer Institute across the nation. The Buffalo cancer hospital has signed a memorandum of understanding with the Indian Health Service of the U.S. Department of Health and Human Services to collaborate on cancer prevention efforts and research opportunities. The collaboration will focus on reducing the impact of cancer on American Indian and Alaska Native communities. Rodney Haring, assistant professor of oncology in Roswell…

KeyCorp to limit merger-related layoffs to 250, plans to add hundreds of jobs in coming years

Buffalo Business News - Mon, 07/11/2016 - 14:13
KeyCorp has agreed to limit acquisition-related layoffs to 250 and add at least 500 jobs in New York over the next two-and-a-half years as part of an agreement to reduce the number of job cuts related to the pending purchase of First Niagara Financial Group Inc. in Buffalo. The plan was announced in a statement released early Monday by U.S. Sen. Charles Schumer and Rep. Brian Higgins, who said they have been working with KeyCorp (NYSE: KEY) for months to lessen the potential for significant job…

Forecast for the week: Hot, humid and (perhaps) rainy

Buffalo Business News - Mon, 07/11/2016 - 14:11
A high-pressure system is passing across Western New York today, ushering in another week of unusually high heat and humidity. The next chance of showers for the the drought-stricken region won’t occur until late in the week, according to the National Weather Service (NWS). Today is expected to be relatively mild, with high temperatures in the low 80s. But warmer weather will make its return tomorrow, with midweek highs between the upper 80s and low 90s. The NWS says that heat indexes (which…

Local gas prices slip 4.5 cents

Buffalo Business News - Mon, 07/11/2016 - 13:11
Western New York’s gas prices have dropped about four-and-a-half cents per gallon during the past month. A gallon of regular unleaded gas is now selling for an average of $2.375 in Erie and Niagara counties, according to a report issued this morning by the American Automobile Association. That’s down from a local average of $2.420 per gallon on the same date last month. And it’s down even further from $2.838 per gallon one year ago. That’s a decline of 16.3 percent. AAA issues daily updates…
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