Matt Glynn - The Buffalo News

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Matt Glynn

Matt Glynn has been a business reporter with The Buffalo News since 2000. He is a native of Youngstown, N.Y., and lives in Buffalo.


Business

The rows of empty cubicles inside Strategic Financial Solutions in Amherst are a sign of what's coming: more employees. A lot more. The Manhattan-based firm is in the midst of a hiring push, as it aims to have at least 1,500 local employees in five years. So far, though, the company has a long way to go. It has more than 30 employees on board and expects to double…

Business

Alden State Bank has more than 100 years of his history on its ledger. Richard D. Koelbl has been there for more than 40 of them. Koelbl joined the bank as a teller in 1973 and rose to president and CEO in 1991. At the end of this year, Koelbl will hand the reins to chief financial officer Steve Woodard — himself a veteran of the Alden-based bank — under a transition an…

Business

National Grid's future is rising in West Seneca. The utility is in the midst of a $114 million upgrade of its Gardenville electrical station, a vital element of the region's power network. The station, located off Indian Church Road, handles about one-third of the region's electricity needs. Its customers include the Ford Motor Co. stamping plant in Woodlawn and Tesl…

Business

Western New York was awarded $68.8 million in the latest round of state funding for economic development projects. Its total ranked sixth highest among the 10 regions that were awarded funding at a presentation in Albany on Wednesday. Central New York received the largest allocation of funding, at $86.4 million. The $68.8 million will go toward 112 Western New York p…

Business

Five Star Bank plans to move residential mortgage operations employees to Amherst from a downtown location in late January. The Warsaw-based bank received the green light from a state regulator to open the office, at Sheridan Meadows Corporate Park. The group of 16 employees had been working from offices in back of Five Star's Fountain Plaza branch but had outgrown the …

Business

A Buffalo-based venture capital firm is aiming to raise $2 million to support Formarum, a 43North competition prize winner that developed a hassle-free technology for cleaning swimming pools. OneTen has just announced the fund and has obtained $150,000 in commitments so far, said Jenae Pitts, a co-founder and manager of the firm. Formarum won $500,000 as a runner-up …

Business

Three area non-profit organizations will receive free vans, courtesy of the Ford Friendship Express program. The Western New York Ford Dealers organization presented vans to Camp Good Days, Hearts and Hands, and the Niagara SPCA. Camp Good Days was a van recipient in 2004, and will replace the 2005 model it has been using. Hearts and Hands and Niagara SPCA were both …

Business

KeyBank will hold a one-day hiring event on Wednesday, for full-time call center positions. The event will take place from 10 a.m. to 1 p.m. and 3 p.m. to 7 p.m. at Key's contact center, at 6950 South Transit Road in Pendleton. People who are hired would start in early January. Information and registration is available at a website for the event. Key recommends regis…

Business

Harvey Weinstein. Matt Lauer. Bill O'Reilly. Seemingly every week, powerful people are getting fired over allegations of sexual harassment or misconduct. Time magazine named "the silence breakers" its Person of the Year, crediting them with starting "a national reckoning over the prevalence of sexual harassment." Companies are being forced to evaluate their policies …

Business

Teamsters whose pension benefits were cut could see some future relief under a proposal backed by Sen. Charles E. Schumer. Schumer and several other Democratic senators are backing legislation that would create a remedy through the Treasury Department. Starting in October, many Teamsters workers and retirees covered by the New York State Teamsters Conference Pension …

Business

KeyBank's business banking segment benefited "disproportionately" from the First Niagara Bank deal last year compared to other segments of Key, said Jamie E. Warder, Key's head of business banking. "First Niagara had such a strong business banking franchise," said Warder, whose segment works with businesses with sales of up to $10 million. Warder on Tuesday led the f…

Business

M&T employees surprised children at Journey's End Refugee Services with the gift of new bicycles. About 70 members of M&T's legal division were involved in building six bicycles at a recent teambuilding event. On Monday, they gave the bikes to children whose families recently resettled in Buffalo as refugees from Afghanistan, the Democratic Republic of Congo, Er…

Business

Michael Basil, president of Basil Toyota and Basil Volkswagen in Lockport, was one of 47 dealers nominated nationwide for the Time Dealer of the Year award. Basil and the other nominees will be honored at the National Automobile Dealers Association's 2018 show in Las Vegas in March. Ally Financial, the event's sponsor, will donate $1,000 to each nominee's charity of cho…

Bankruptcy filings in the Buffalo-Rochester region increased 20.4 percent in November from a year ago, to 218 cases, according to the U.S. Bankruptcy Court. Through November, the number of cases was up 5.4 percent from the same period in 2016, to 4,021. The last time the region finished the year with a year over year increase in bankruptcy filings was 2009.

Business

The head of the United Auto Workers' Amherst-based Region 9 is on track to becoming one of the union's top leaders. Terry Dittes, who has served as Region 9 director since 2014, was nominated by a UAW caucus to become one of its three vice presidents, according to published reports. He is part of a slate of officers who still need to be elected at the UAW's constitution…