Business - The Buffalo News
print logo

Reddy Bike is offering a promotion through the rest of the biking season, which ends in November. Memberships are half price. The special is in honor of the bikes' one-year anniversary. Online at reddybikeshare.socialbicycles.com, use the promo code BUFFALOBYBIKE2017, and you will receive a 50 percent discount. Portland, Ore., is also celebrating a one-year anni…

The changing face of retail has cost Western New York thousands of jobs in recent years. Now, those same retail changes are bringing some jobs back. Brick-and-mortar retailers have closed more than 50 stores in the Buffalo Niagara market since last year, taking a slew of retail jobs with them. But other jobs are beginning to surface as a result of the consumer preferen…

Mark Johnson, Independent Health's longtime executive vice president and chief financial officer, will retire in 2018, the company announced Wednesday. To ensure a smooth and successful transition, Johnson will gradually phase into his retirement and begin to reduce his financial responsibilities later next year, the health maintenance organization said. Independent …

Lake Shore Bancorp surpassed $500 million in assets for the first time in its history, which dates to 1891. The Dunkirk-based holding company for Lake Shore Savings Bank reported total assets of about $505 million as of the end of its second quarter. The bank crossed the threshold mainly because of an 11.5 percent increase in loans receivable, or the amount owed to…

The Western New York Integrated Care Collaborative has been awarded a 30-month, $342,000 grant from the Health Foundation for Western and Central New York to form an integrated care network of community-based organizations and Area Agencies on Aging in Western New York. The collaborative is made up of member community-based organizations and aging agencies that provide …

Sentient Science, a Buffalo industrial equipment monitoring company, has raised $22.5 million in new funding from a Toronto venture capital firm. The funding from Georgian Partners will help Sentient Science expand its workforce by about 70 people and also expand its presence in the wind energy industry, where the company's materials science-based software is used to pr…

The eyesore that for a decade tainted a busy intersection in Cheektowaga is finally being torn down, said Diane Benczkowski, the supervisor. Demolition began Tuesday at the vacant Garden Village Plaza on the southeast corner of Union and French roads, the supervisor said. "I promised the revitalization of this plaza would be one of my top priorities and after cou…

Friday is a milestone day for Tesla Inc. That's when Tesla has said it will hand over the keys to the first 30 buyers of its long-awaited Model 3 electric vehicle at an event in Los Angeles. It's only 30 cars, but the public launch of the Model 3, Tesla's $35,000 electric vehicle for the masses, has a lot of bearing on Buffalo and the solar panel factory the company …

Amazon is hoping job seekers will find its hiring bonanza a prime opportunity next week. The online retailing juggernaut will hold open interviews next Wednesday to fill jobs at its distribution center in Lancaster. It's part of a larger Jobs Day initiative to hire 50,000 employees at its hiring hubs across the country. The interviews will be held from 8 a.m. to noon…

Work has started to shore up parts of Our Lady of Lourdes Church on Main Street to prepare it for a new use as Ellicott Development Co. moves forward with a plan to build a six-story office and retail building next door. Structural repairs are underway so that work can be done safely on the church near Main and Best streets, said William Paladino, chief executive office…

Whole Foods Market is starting to hire at its Amherst supermarket that is set to open in September. The national chain within the last week posted 27 job openings on its website, ranging from meat and seafood cutter to cashier's assistant. The company has received more than 1,100 applications and will begin interviews next week with the assistance of the state Labor Dep…

Erie County Medical Center didn't pay a nearly $30,000 ransom demand to the perpetrators of a massive cyberattack in April, but the intrusion that brought down the hospital's computer systems will exact a very big cost. ECMC officials estimate expenses tied to the incident were nearly $10 million. About half of that amount is for computer hardware, software and assis…

Paperwork filed Tuesday morning with the Town of Cheektowaga confirmed Walden Avenue as the proposed site of Chick-fil-A, an Atlanta-based chain of restaurants with 2,000 locations across the country, said Supervisor Diane Benczkowski. The 4,975-square-foot restaurant would be built on the site of the former Famous Dave's Barbecue at 1753 Walden Ave. It would be the fi…

Power Drives, the hose and tube assembly manufacturer that is consolidating its operations in Larkinville, is getting 100 kilowatts of low-cost hydropower through the state's Recharge New York program. The allocation is tied to the company's pledge to retain 75 jobs and invest more than $5.8 million in its operations. It is not tied to any pledge to create new jobs. …

The unemployment rate in the Buffalo Niagara region is on the rise again. The local jobless rate rose to 5.1 percent in June, up from 4.7 percent a year ago, as fewer local workers held jobs and more said they couldn't find employment, said the state labor department Tuesday. The local jobless rate currently has increased for two straight months as the pace of job gr…