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Business

As an economist, James Glassman absorbs a lot of information, and he has a conversational way of sharing it. Take his view on the "skills gap" between available jobs and candidates' qualifications: "You've got all these 65-year olds who have a lifetime of skills that they've got on the job. And a 20-year old doesn't know what a 65-year old knows. So the business is comp…

Business

René F. Jones sees a widening "gap in prosperity" in the country, between the 50 largest markets and the rest of the country. The result is an "uneven" economic recovery from the Great Recession, different from past recoveries, M&T Bank Corp.'s chairman and CEO said. "Ensuring that our economy becomes more inclusive, and opportunity more equally available, is an impo…

Business

It's a hot time for selling or buying midsized businesses. But companies are wary that a slowdown could be coming, and they're thinking about whether to act now. Those were the findings of a national survey of 600 companies conducted by Rhode Island-based Citizens Bank, which has branches in the Buffalo area. The bank's annual mergers and acquisitions outlook foun…

Prospectus

We're doing pretty good. But other places are doing better. That, in a nutshell, sums up the Buffalo Niagara economy in an expansion that is just a few months away from becoming the longest in more than a century. And that's not a bad thing, especially since we have actually experienced honest-to-goodness growth since the Great Recession ended almost 10 years ago – a…

Business

Help wanted — lots of it. Local businesses surveyed by the Buffalo Niagara Partnership said their top concern is difficulty finding or keeping qualified talent. Employers are scrambling to fill jobs as the local unemployment rate has fallen below the 4 percent rate for just the second time in the past 28 years. The competition for workers is on top of another concern…

Business

The new president of the Federal Reserve Bank of New York took a whirlwind tour of the Buffalo area this week, and he noticed the change. "What strikes me is just how much change is happening in this city and this region," John C. Williams said during a question-and-answer session with Paul Tesluk, dean of the University at Buffalo's School of Management. "You see this …