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How Buffalo adds up

   Leading the Business Today section of today's Buffalo News, a story about how a national accounting firm has ranked us high on a list evaluating the business climate in not-so-giant cities.

- Hey, look us over, companies - David Robinson/The Buffalo NewsBuffaloskyline
   As midsized cities go, the Buffalo Niagara region is a pretty inexpensive place to do business, a study released Tuesday found.
   Thanks to low transportation expenses and competitive labor rates, the Buffalo Niagara region finished third among 12 U.S. metro areas in a ranking of cities with between 1 million and 2 million people by accounting firm KPMG. ...
   The study used the average cost of doing business in New York City, Los Angeles, Chicago and Dallas as its baseline cost figure.
   The study ranked Buffalo third among mid-sized cities, 3.5 percent cheaper overall than the four biggest cities, trailing Oklahoma City (4.4 percent cheaper) and Raleigh, N.C. (3.6 percent cheaper). Buffalo fared better than metro areas such as Milwaukee (2.2 percent cheaper), Las Vegas (0.2 percent cheaper), Nashville (3 percent cheaper) and Salt Lake City, Utah (2.6 percent cheaper).

   Because all news is local, different newspapers offer different takes:
- The Atlanta Journal-Constitution -  Atlanta 2d cheapest big city for business, report says
- The Tampa Tribune - Business costs less in Tampa, study states
- The Dallas Morning News -  Dallas-Fort Worth is 5th-least-expensive place to do business
- The Honolulu Star Bulletin - Honolulu costly for firms
- St. Louis Business Journal - St. Louis among most affordable cities to do business
- Nashville Business Journal - Nashville a cheap place to do business
- The Vancouver Sun - Vancouver business climate on an upswing 
   To get the global take, you go to:
- Reuters - Mexico most affordable place to do business
- The Dutch News - Holland more attractive to foreign firms
- The Globe and Mail - Canada ranks high in low business costs

   Meanwhile, you might be able to buy something from one of Buffalo's more successful businesses...
- $2 billion in shares of M&T to go on market - Jonathan D. Epstein/The Buffalo News
   Nearly one-fourth of M&T Bank Corp.’s outstanding shares — worth more than $2 billion — could hit the market sometime this year, as shareholder Allied Irish Banks PLC is being forced by the government of Ireland to unload its 7-year-old investment to raise capital.

   ... and from one of its largest business woes
- Statler’s construction equipment next up for auction - Matt Glynn/The Buffalo News
   The court-appointed trustee in the Chapter 11 bankruptcy case, Morris Horwitz, is asking for a judge’s approval to auction off construction equipment and materials from the Statler. The property was mothballed in January, and plywood was affixed to its first-floor exterior windows and doors.
   U.S. Bankruptcy Court Judge Carl L. Bucki will hear Horwitz’s request on April 15. With the judge’s assent, Cash Realty & Auctions plans to conduct the auction May 1 at its facility on Main Street in Buffalo.
   Items on the list include a forklift, scissor lift, a compressor, pallets of tile, sections of scaffold, and tools.

   Finally, some music to add it all up by: 

   [Yes, that was Keith Moon doing the intro.]

-- George Pyle/The Buffalo News


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