From Business Today:
A group of downtown Buffalo's largest landlords has decided not to support fellow landlord Carl Paladino's bid to fight a $5.3 million public grant to help with the renovation of the Statler Towers. The Buffalo Place board wouldn't even second Paladino's motion to oppose the grant. Paladino argues that such public financing creates an artificial market, and allows those who get the grants to charge lower rents. Members of the board said getting the Statler open again will help the entire downtown area.
Cleveland Biolabs, the Buffalo-based biotech company, has been approved for trials of its anti-radiation drug Protectan at Roswell Park Cancer Institute. It is a huge step for the start-up that has attrracted investment from Russia recently.
M&T Bank reported a 5% jump in profits, when the costs of integrating its purchase of Wilmington Trust were taken out. The No. 1 bank in the region continues its steady growth, even through the slow times.
The law firm Damon Morey has given its 90 lawyers and 10 staff members iPad2 computers. The firm says the gifts are an investment in its people and an attempt to make everyone faster and more productive.
Who is getting hired, promoted and honored?