Share this article

print logo

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

There’s finally good news for folks in the Buffalo Niagara region when payday comes around. Our incomes grew last year at the second-highest rate since the Great Recession, according to new federal data. And for that, you can thank the tightening job market, which is finally starting to put upward pressure on wages as employers face stiffer competition to find new wo…

Business

The Buffalo Niagara housing market still is sizzling, although there are some signs it's not quite as hot as it was during the summer. Median home prices – which means half of the homes sold for more and half sold for less – are up 8 percent over the past year and about 17 percent over the last three years. Homes still are selling fast, with the average house sta…

Business

Electrical substations aren't sexy, but they're essential to keeping Buffalo Niagara's economy plugged in. They're also plenty exciting to John Bruckner, the president of National Grid's New York operations. To Bruckner, the new substation, which will serve big industrial customers, like General Mills and Archer-Daniels-Midland, also is a key step in making sure that Bu…

Business

In the world of venture capital, some investments pan out, and others don't. Witness the example of two past grand prize winners of the 43North business plan competition, SomaDetect and ASi. SomaDetect, which took home the $1 million prize in 2017, said it is installing its milk monitoring systems at 28 farms over the next four months. The installations represent the…

Business

43North grand prize winner ASi Inc. never managed to make its machine parts-making machine work. And now, it's officially delinquent on a loan it received from an Erie County Industrial Development Agency affiliate. ASi, which won the $1 million grand prize in the state-backed business plan competition in 2014, never managed to build a successful business around a part-…

Buffalo

The developers behind a $10.8 million project to convert the former Richmond Methodist Episcopal Church into a campus for the visual and performing arts is adding a single, small apartment so it can qualify for more lucrative property tax breaks offered through the City of Buffalo. The 400-square-foot apartment being added to the project will allow developers Rachel Ann…

Business

A 93-acre stretch of the Bethlehem Steel complex in Lackawanna that runs along Route 5 could soon come under the control of Erie County officials. A deal is being negotiated for an affiliate of the Erie County Industrial Development Agency to buy the property on the west side of Route 5 from its current owner, Tecumseh Redevelopment. The deal, if it is completed, wou…

Business

This is still the tightest job market the Buffalo Niagara region has known in decades – and it’s getting even tighter. Officially, the local unemployment rate of 3.6 percent in October is the lowest in at least 28 years, according to data released Tuesday by the state Labor Department. But unofficially, it hasn’t been this low for many years more because the way the …

Business

Tops Markets is officially out of bankruptcy. The Amherst-based supermarket chain said Monday it had completed its financial restructuring and had emerged from its Chapter 11 bankruptcy proceeding. The formal end to Tops' nine-month trek through bankruptcy was expected after the U.S. Bankruptcy Court less than two weeks ago approved the company's plan to restructure …

Business

Ecology & Environment is getting a makeover. After being tightly controlled by its founders for more than four decades – and surviving a nasty split in that partnership five years ago – the Lancaster-based environmental services firm has new leadership in place amid growing influence from a Connecticut-based investment firm that had criticized the company's manageme…

Business

Tesla Inc. this week pulled back the curtain on its solar products factory in South Buffalo, and revealed that the plant's employment has grown to 800 people. Tesla invited members of the local media for a tour of the RiverBend gigafactory, which makes solar roofing tiles. The 1.2 million-square-foot plant was a highly publicized economic development project, part of Go…

Business

The Buffalo Niagara job market is still chugging along. The region added 6,400 jobs over the past year – a 1.1 percent annualized growth rate – as hiring picked up at local construction companies and in education and health services, according to new data from the state Labor Department. The October data shows that hiring has been robust by Buffalo Niagara standa…

Business

A wind farm that will bring 48 high-capacity turbines to Cassadaga was approved Thursday by the state Public Service Commission. The Cassadaga wind farm will have the capacity to generate up to 126 megawatts of electricity and will include substations and other interconnection facilities and transmission lines that will be located in the Chautauqua County towns of Cherr…

Business

The Buffalo Niagara housing market remain strong during October, but there are signs that it’s cooled a bit since its sizzling days this summer. Home prices kept rising – increasing by more than 4 percent over the past year – topping the $150,000 level for the fifth straight month. But the market remains tight, with potential buyers still outnumbering the homes for s…

Business

Tops Markets is on the verge of emerging from bankruptcy. But its challenges are far from over. There's no question that the debt-laden supermarket chain is coming out from bankruptcy in better financial shape than when it filed for a Chapter 11 restructuring back in February. • It cut its interest payments, which topped $80 million a year in 2017, to an estimated $5…