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A Kenmore business that tests engines made at the General Motors Powertrain plant in the Town of Tonawanda and a sister plant in Tennessee is receiving nearly $60,000 in tax breaks from the Erie County Industrial Agency to move to a new site on Military Road.ATSBNY plans to purchase a vacant 115,000-square-foot building at 1110 Military Road that was home to the Packaging …

A local Realtor is teaming up with Erie County Clerk Chris Jacobs on an initiative to encourage military veterans to become licensed real estate agents.Under the new program, Metro Roberts Realty will pay 100 percent of the start-up expenses for a veteran to get licensed to sell real estate, including the costs of all required licensing classes, Multiple Listing Services d…

Business

This is it for many small retailers, the homestretch. Stores can make up to 40 percent of their annual operating profit during the holiday season, with much of that coming in the final week of shopping. Western New York is full of interesting small retailers battling it out with the big box stores. Most stay in business with smart purchasing and  clever marketing. &#…

Business

Lee Meister is back in Buffalo business.The economic development consultant had been the state’s representative in the Toronto market for 22 years, until New York officials closed the Ontario office last April in a cost-cutting move.Local development officials criticized the shutdown at the time, and the weakening of the region’s link to the Canadian market continued in th…

Business

For retailers, the fourth quarter is the most profitable, but also the most pressured-packed.“The last two months of the year can be 25 to 40 percent profitability, so it’s very important to retailers.” said Burt Flickinger III, a retail analyst and managing director of Strategic Resource Group in New York City.So while Macy’s and Walmart dole out millions for multifaceted…

Business

New engines that will be produced at General Motors’ Town of Tonawanda engine plant will go into new versions of the automaker’s top-selling Chevrolet Silverado and GMC Sierra trucks, as the manufacturing complex continues to step up its employment.GM officials announced their plans for the new trucks Thursday, as well as GM Tonawanda’s prominent supporting role. The Tonaw…

A privately owned San Francisco startup backed by private-equity money has acquired 16 data centers nationwide from a national company, including one in downtown Buffalo.365 Main, a 10-year-old data center developer and operator, did not say how much it paid to buy the 16 facilities from Equinix Inc. The deal was led by 365 Main CEO Chris Dolan, Chief Operating Officer Jam…

WASHINGTON – The Federal Reserve sent its clearest signal to date Wednesday that it will keep interest rates super-low to boost the U.S. economy even after the job market has improved significantly.The Fed says that it plans to keep its key short-term rate near zero until the unemployment rate reaches 6.5 percent or less – as long as expected inflation is tame. Unemploymen…

Business

WHEATFIELD – Trek Inc., the Medina electronic instrument company that moved its research and development department to Lockport last year, may move the rest of its operations to Lockport next year.Trek has agreed in principle to a lease on Building 4 of Harrison Place, the former Harrison Radiator Division plant at Walnut and Washburn streets in Lockport, City Planning and…

Small-business lending is picking up again in Western New York, as the amount of government-guaranteed loans to small companies in the region nearly tripled in the first two months of the federal government’s fiscal year compared with a year earlier.According to new data from the U.S. Small Business Administration, 18 lenders originated 114 loans to small businesses, total…

Business

It's a longshot, but hey, you never know. New York state wants to land the Apple manufacturing plant that  the computer maker is bringing back from China. The Albany region is making the biggest push, which makes some sense. The state has made nanotechnology the focus of research at the University of Albany, and the region hosts two giant chip making plants, Glo…

Business

New York State would love to get a bite of Apple Inc., which plans to move some of its Macintosh computer production from China to the United States next year.Whether the Empire State is in the running for the manufacturing operation is not clear. Tim Cook, Apple’s chief executive officer, has not specified where the company will make the Macs, and that has only fueled spe…

Business

Rich Products has acquired a pair of businesses to expand its line of pizza products and add a line of milkshakes and other frozen beverages that are sold in convenience stores, the Buffalo-based food company said Tuesday.Rich Products also said it has formed a joint venture with another food products manufacturer to market and sell a line of cakes and cookies produced by …

Business

Anyone selling a home in Western New York appears to be in a good spot right now. Home sales are up, prices are up, and inventory is down. The latest figures (And I mean LATE. They're just releasing October sales figures! ) from the Buffalo Niagara Association of Realtors show a 23 percent jump in the number of homes sold and a 4 percent jump in median price. Pent up…

Business

Strong buyer demand in late summer drove home sales in Western New York up by nearly 25 percent in October, easily outpacing sellers’ desire to list homes for sale and leaving the market with a big drop in available properties.Closed deals soared 23.4 percent to 919 from 745 in October 2011 and 741 in October 2010, according to new figures from the Buffalo Niagara Associat…