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ALBANY – To see what state officials want for Buffalo, head 280 miles east, to the sprawling NanoTech Complex on the University at Albany campus.In six buildings spread over 50 acres, 3,100 people go to work doing cutting-edge research for computer-chip production. Since 1993, New York State has put $1 billion into the complex, a down payment that spurred companies such …

Last fall, Trader Joe’s boldly encroached on Wegmans’ home turf, setting up shop in Rochester in the same suburban plaza where Wegmans’ mammoth flagship store towers.The audacious move proved successful for the California-based specialty supermarket chain. Eager shoppers lined up early in the morning last October before the store even opened its doors in the sprawlin…

Brian Sampson, executive director of the Unshackle Upstate economic development initiative, has long been beating the drum for lower taxes and major regulatory changes across the state.While Sampson sees signs of progress in Gov. Andrew Cuomo’s proposal to reform the state’s costly workers’ compensation and unemployment insurance programs, he also sees a need for oth…

Doug Parker has no problem donning entertainer PSY’s light blue tuxedo for Halloween and performing his own version of “Gangnam Style” before hundreds of employees. The CEO of US Airways even let a video of his dance get posted to YouTube. He’s outspoken, confident, and persistent, and he is very close to being put in charge of the world’s largest airline.After t…

The Amherst Industrial Development Agency, in an otherwise quiet meeting, agreed to allow Zaepfel Development Co. to refinance an existing mortgage on a cluster of eight properties in the Northpointe Commerce Park, reducing the mortgage amount and getting a lower interest rate.Agency directors backed the plan to obtain a new mortgage of $28.25 million, down from the curren…

WASHINGTON – President Obama’s call to raise the minimum wage to $9 an hour and boost it annually to keep pace with inflation is already getting a trial run. Ten states make similar cost-of-living adjustments, including Washington State, where workers earn at least $9.19 an hour, the highest minimum in the country.In all, 19 states and the District of Columbia have min…

The long-vacant Moore Business Forms plant is to be turned into an 84-room hotel, its owner said Wednesday while applying for tax breaks.In addition, owners of Comfort Inn – The Pointe are seeking assistance with a four-year, top-to-bottom renovation of the 117-room hotel.The former Moore plant at 900 Buffalo Ave. is to become an 84-room Courtyard by Marriott hotel, acco…

The Buffalo Sabres are planning to invest significantly more money to develop a hockey destination on the waterfront and revealed plans Tuesday for a “center of excellence” to train players and maintain local talent.The center is intended to draw skaters and coaches from Buffalo and nearby cities rich in hockey players, Sabres officials said during an unveiling of the …

SAN FRANCISCO – Apple CEO Tim Cook on Tuesday dismissed complaints from activist shareholder David Einhorn that the company has a “depression-era” attitude about hoarding cash, called his lawsuit challenging a proxy that would limit the ability to create a special class of stock “a silly sideshow” and said his engineers have not lost their innovative edge.Speakin…

More than two dozen community groups have written letters to federal regulators who are considering M&T Bank Corp.’s proposed purchase of Hudson City Bancorp in New Jersey, with all but three citing positive experiences with M&T and supporting the deal.In their comment letters to the Federal Reserve Bank of New York, 22 of the 25 organizations urge the Fed to approve the…

New York’s community banks provide most of the loans for the state’s small businesses and farms, generating more than half of all small- business loans and almost all small-farm loans even though they hold less than one-fourth of all bank assets in the state, banking regulators said in a new report.The report by the state Department of Financial Services found that com…

Home sales activity in Western New York dipped slightly in December, as completed transactions fell and fewer additional homes were put on the market for sale, but the tightening inventory continues to drive prices up.According to the latest data from the Buffalo Niagara Association of Realtors, 791 homes changed hands in the last month of 2012, down 0.9 percent from 798 i…

M&T Bank Corp. has launched a new online payroll-processing service for small-business customers, aimed specifically at employers with fewer than 100 workers.M&T Online Payroll, offered through a partnership with Sure Payroll, a subsidiary of Rochester-based Paychex, is now available in all communities served by the bank.The service can be up and running for an employer in…

John A. Romero is a well-traveled Goodyear manager, appropriate for someone in the tire business.Romero grew up in Santa Fe, N.M., and attended junior college at the New Mexico Military Institute on a football scholarship. He finished college at Cameron University in Lawton, Okla., and after working for an engineering firm there, he decided to try something new and was hir…

A fun outing to a Canadian indoor bounce house sparked a business idea for Tim and Barbara Wood.“We thought we could do a similar concept here,” said Tim Wood. “So we took insanity pills and started a business.”After 11 years and two locations, their move wasn’t so crazy after all. “Overall things have gone well for us,” he said.The Woods are the owners and o…