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David Robinson

David Robinson is the deputy business editor for The News, where has worked since graduating from Syracuse University in 1985. A New Hampshire native, he started out in the News' Tonawanda bureau and moved into the business news department in October 1987, exactly a week after the stock market crash.


Business

The Buffalo Niagara housing market is tighter than ever, but there are signs that the upward pressure on home prices is starting to lose some steam. Home prices still are rising at a moderate pace, but the pace of the increase slowed during June. Homes are still selling quickly, but the houses that sold last month also took almost a week longer to find a buyer than they…

Business

For M&T Bank, now comes the hard part. The bank wants to hire 1,000 new technology workers for the hub it's planning to open early next year in Seneca One tower — a development that promises to breathe new life into the vacant skyscraper and give a needed boost to the region's undersized tech sector. But for M&T to get there, it will take more than the bank s…

Business

Evans Bank is planning to move its headquarters and back-office operations from Hamburg to Amherst. The bank, which has had its main offices in Hamburg since 2004, is negotiating to move its administrative office and two other back-office facilities to the former Buffalo Cardiology & Pulmonary Associates office at 6460 Main St. The Amherst building has been vacan…

Business

Developer Douglas Jemal had a vision for transforming Seneca One tower into a vibrant place where people worked, people lived and people had a reason to visit. M&T Bank needed to bulk up its technology business and CEO Rene Jones knew that, to do it, the bank needed to do it the millennial way, with a collaborative workspace in a downtown setting that's got bars, re…

Business

For the last six years, the hulking One Seneca Tower in downtown Buffalo has been a foreboding reminder that – for all of the feel-good vibes from what seems like a regional renaissance – the local economy still had its struggles. But with the announcement Thursday that M&T Bank will put a new technology hub in the vacant 38-story skyscraper, there is a new sense of…

Business

A Depew material handling equipment maker was granted $191,000 in tax breaks on Wednesday from the Erie County Industrial Development Agency, even though two of its competitors said the incentives were unfair. Buffalo Material Handling sought the tax breaks as part of a $1.3 million project that would nearly double the size of its Taylor Drive facilities through a 10,00…

Business

Fisher-Price Inc. will have to repay nearly $9,500 of the tax breaks it received in 2014 because it failed to meet its promise to retain jobs at its East Aurora complex. The Erie County Industrial Development Agency voted Wednesday to claw back a portion of the sales tax break that Fisher-Price received for the $8 million project because its employment levels in East Au…

Business

The already tight Buffalo Niagara job market got a little tighter in May. The region’s unemployment rate dropped to another nearly 30-year low in May, falling to 3.8% — its lowest level for any May since at least 1990 — and slightly lower than the 4.1% rate of May 2018. While the pace of hiring across the Buffalo Niagara region remains well below the national average…

Business

The Buffalo Niagara housing market isn’t showing any signs of loosening up. Home prices are rising at a moderate pace. Home sales are strong, but still below last year’s pace as rising prices cut into affordability and record low listings limit the choices buyers have, according to new data from the Buffalo Niagara Association of Realtors. Overall, it’s a housing mar…

Business

Ronald C. Kraemer has been named president and CEO of National Fuel Gas Co.'s pipeline and natural gas storage business. Kraemer replaces David P. Bauer as the pipeline business' top executive. Bauer will take over as National Fuel's president and CEO when the Amherst-based energy company's current CEO, Ronald Tanski, retires on July 1. Kraemer, who joined Nation…

Business

It's been nearly three years since Elon Musk unveiled Tesla's solar roof at a Hollywood event, and he still thinks it could turn into something big. But getting there hasn't been easy – and Tesla still is working on the roof's design, leading to repeated delays in ramping up production at the company's Buffalo factory that will make the innovative solar roof. Still, …

Business

New York State Electric & Gas Corp. is seeking a rate increase that would raise the average monthly bill for its electric customers by more than $10 a month. The proposed rate increase would increase NYSEG's revenues by nearly $163 million a year and would allow the company to expand its vegetation management programs along its electric lines and also install advanc…

Uncategorized

A West Seneca industrial valves manufacturer is getting more than $323,000 in tax breaks through the Erie County Industrial Development Agency for a $3.1 million expansion project that will more than double the size of its facilities. CPI Process Systems received the tax incentive package on Wednesday from the IDA to help it build an 11,600-square-foot warehouse and dis…

Business

The Buffalo Niagara unemployment rate dropped to another nearly 30-year low in April. The region’s jobless rate fell to 3.8% during April – its lowest level for any April since at least 1990 – and almost a full percentage point below the 4.7% rate of April 2018. While the pace of hiring across the Buffalo Niagara region remains well below the national average, th…

Business

The Buffalo Niagara job market heated up in April, with its biggest uptick in hiring in more than a year. The latest job data from the Labor Department shows that hiring in the Buffalo Niagara region accelerated last month, even as employers are struggling to find qualified workers to fill open positions. The region added jobs at a 1% annualized pace during April – t…