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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

Lt. Gov. Kathy Hochul won the Athena Award, presented by the Buffalo Niagara Partnership to an individual dedicated to the advancement of women. PHOTO GALLERY: Smiles at the 2018 Athena Awards Luncheon Prior to becoming lieutenant governor, Hochul served as a member of Congress and Erie County clerk. She was selected for the award over six other finalists. Mary Ow…

Business

KeyBank Community Development Lending and Investment has provided $14.2 million in construction financing for the renovation of Riverview Manor and Piotr Stadnitski Gardens, off Sycamore Street in Buffalo. The two-building property consists of 210 one-bedroom units for seniors. Key said the project will be developed in partnership with Smith and Henzy Advisory Group, an…

Business

Erie County Medical Center was designated by the state Department of Health as a Level I Adult Trauma Center. The designation followed the American College of Surgeons' verification in April of ECMC as a Level I Trauma Center. "This designation by (state Health Commissioner Howard) Zucker confirms the earlier ACS verification and highlights the special position ECMC …

Business

For 43North, it's about quality over quantity. The number of entries for this year's 43North business plan contest was down 4 percent from last year, but the head of the organization believes this could be the most competitive field yet. 43North received 485 applications for the fifth edition of the competition, compared to 504 last year, said Alexander Gress, the ex…

Business

Rene F. Jones reflected on following the late Robert G. Wilmers into his job, the annual shareholder letter, and why branches matter to him. Jones, who was named M&T's chairman and CEO last December, spoke last week at the Strategic Decisions Conference: • Jones said M&T has been reassuring its customers and employees that "certain things about our culture wi…

Business

For years, Robert G. Wilmers, the late M&T Bank chairman and CEO, criticized federal regulators for taking a "one-size-fits-all" approach to banks. Wilmers thought regulators wrongly lumped together risk-taking Wall Street banks with more-conservative institutions like M&T. As a result, banks of all kinds were forced to devote more time, money and personnel to m…

Business

It turns out the best choice for Tompkins Bank of Castile's first branch in the Buffalo Niagara region was not a vacant branch. That might be surprising, given how many empty branches the region has, due to closings and mergers. But John McKenna, president and CEO of Tompkins Bank of Castile, said a professional office space in Amherst, the former home of Eye Care and V…

Business

Moog Inc. will receive $1.6 million from the New York Power Authority to support a project in Niagara County. The Elma-based aerospace manufacturer is undertaking a $26 million expansion of its Wheatfield facility, a test facility for space propulsion. The project is expected to create 50 jobs and retain another 50 jobs. Moog has also committed to retain 50 jobs at its …

Niagara's Choice Federal Credit Union has agreed to merge with the Niagara Falls Memorial Medical Center Federal Credit Union, effective Monday. The board of the medical center's credit union called the merger "a very positive move to secure financial stability for our credit union members." The merger adds a sixth location to the Niagara's Choice network, and create…

Business

Banks are in the business of making loans and connecting with customers through their branches. But community groups say for too long, banks have neglected parts of Buffalo, leaving those residents with too few branches and financial services accessible to them. As a result, many residents turn to high-cost alternatives like pawn shops, and face barriers to building wea…

Business

Attention, aspiring millionaires: The entry deadline for this year's 43North competition is almost here. Applications for the $5 million business plan competition must be filed by the end of Thursday, at 43north.org. This is the fifth year of the competition, which awards funding to entrepreneurs. Winners will be required to have their CEO and at least half of their …

Business

After a lengthy search, Tompkins Bank of Castile has chosen a location for its first Buffalo-area branch. The Batavia-based bank said it signed a lease for 1 Hopkins Road in Amherst, at Hopkins and Sheridan Drive. The property was formerly home to Eye Care and Vision Associates. The bank said it would begin interior renovations as soon as it received regulatory appro…

Business

For more than three weeks, a machine that runs like a coffee grinder steadily carved a tunnel, 18 feet beneath the riverbed of the Buffalo River. Its operator, Dermot Dowd, guided the machine during 12-hour days from a small control booth off Ohio Street. The limestone beneath the river proved as tough as expected to break through. But the knives and discs on the machin…

Crime

Two vehicles were stolen from a Bailey Avenue used-car lot during a Saturday morning break-in that caused extensive damage to the property. Buffalo police said three people entered Smiling Ted's at 1890 Bailey Ave. about 8 a.m. by breaking three windows. Police said the thieves took 17 sets of car keys, worth $300 each, for a combined value of $5,100. The estimated cost…

Business

Bank on Buffalo has chosen a temporary home for a Niagara County branch, in the Town of Wheatfield, until a permanent branch in Niagara Falls is built. The division of Pennsylvania-based CNB Financial has applied to regulators to open a location at 6947 Williams Road, a vacant former bank branch near the former Summit mall. Bank on Buffalo previously said it would op…