Share this article

print logo
Business

While some of the region's biggest development projects have already wrapped up, there's no shortage of new construction and renovation activity heading toward completion in 2019 and beyond. The last few years have seen work completed on large-scale projects as HarborCenter at Canalside, RiverBend in South Buffalo, the Delaware North Building at 250 Delaware, and the ne…

Business

When the Buffalo Niagara Manufacturing Alliance moved into the Northland Workforce Training Center complex last summer, it was more than a symbolic gesture. There is lots of interest these days in getting people trained for manufacturing jobs, and the East Side complex is morphing into a manufacturing hub. Buffalo Manufacturing Works, which helps companies innovate, and…

Business

The Buffalo Niagara region needs to focus on technology and innovation in order to successfully compete for workers, said René F. Jones, M&T Bank Corp.'s chairman and chief executive officer. Jones said the region has fared better than most other mid-sized regions economically, but it will take a "sustained, collaborative effort" to grow the area's labor force and s…

Business

When René F. Jones was a 27-year-old new hire at M&T Bank Corp., he went for lunch in the cafeteria and sat at an empty table. Someone else carrying his own tray walked up and asked, "Is this seat taken?" It was Robert G. Wilmers, the bank's chairman and CEO. Gradually, other employees filled the rest of the seats. Wilmers, as was his nature, peppered Jones with …

Business

Construction and development are expected to continue at a frenetic pace in Buffalo in 2018, as attention shifts from the Buffalo Niagara Medical Campus to several major projects in downtown Buffalo and Elmwood Village, along with a host of smaller efforts in various parts of the city. Here’s a look at what’s coming this year: • One Seneca Tower: Washington developer…

Business

Commercial real estate sales are strong in Western New York for industrial properties and multifamily buildings, as a scarcity factor and attractive returns continue to drive demand and rising prices locally. Brokers say that the supply of available manufacturing facilities or warehouses isn’t remotely keeping up with the demand, while the market for Class A office spac…

Business

Is competition actually growing in Buffalo banking? It depends on your measuring stick. One statistic – deposit market share – screams “no.” Just two banks, M&T Bank and KeyBank, controlled a combined 79 percent last year. Compare that to our Thruway neighbor Rochester, where that same percentage was spread among the top six banks. But consider this: In 2017, …

Business

Who: Sandra Wilkins, owner and CEO of Systems In Inc., owner of Raclettes restaurant and Buffaloaf bakery, and co-owner/developer of 537 Main St. What she's doing: Wilkins, a 53-year-old Niagara Falls native, took over her husband's 23-year-old computer software development firm in 2000 but after years of creating customized databases and other programs, she has turned …

Business

Banks serving the Buffalo Niagara region are gearing up for another year of competition, and many of them appointed new leaders in the past year. Here is a look at some of them. M&T Bank Shelley C. Drake, Western New York region president With about 47 years of experience with M&T Bank, it's hard to top Drake for longevity at the bank. Even the late chairm…

Business

General Motors’ Town of Tonawanda engine plant is preparing for its next wave of production, with a new leader at the helm. In late 2016, the manufacturing complex was celebrating the news that GM would invest $296 million in the site for future engine production. As that new work ramps up, GM veteran Ram Ramanujam is settling into his new job as plant manager. Raman…

Business

Who: Zachary P. Schneider, partner and CEO, Fifteen What he's doing: Fifteen, an advertising and marketing agency in Allentown with a wide-ranging clientele, was launched by Schneider and a partner in 2009. Schneider is also an investor in companies such as Circuit Clinical, Piston and Ru's Pierogi, and he has helped other startups secure funding and evolve strategicall…

Featured

You might not have heard of the University at Buffalo’s Clinical and Translational Institute, but if you’ve been downtown, you’ve likely seen it. Behind the scenes, and with millions of dollars in investment, the institute is trying to reshape medical research in Western New York. It takes up about half of the 10-floor building that opened in 2012 on the Buffalo Niag…

Business

After KeyCorp completed its $4 billion acquisition of First Niagara last summer, Key created a Buffalo-based leadership team that blended its own members with First Niagara leaders who were familiar with Buffalo banking and customers. This marks the first full year the combined team will work together and try to capitalize on that approach. While Key is headquartered in…

Business

As buyers battle for homes for sale, some are turning to another source – homebuilders. Western New York’s new home construction market has grown after lackluster activity during the recession. From patio homes and townhouses to fill-in single-family homes and entire neighborhoods, they’re putting up new inventory in some of the region’s most popular communities. “Th…

Business

Marcie Vassallo, administrative vice president and manager of talent acquisition at M&T Bank, has been in employment recruiting for 25 years. A lot has changed since the days she would make cold calls using business cards in Rolodexes and fill drawer after drawer with paper resumes. “It was very paper driven, very manual,” Vassallo said. “A lot was based on who they…